Jamie dimon making the headlines on the call this hour. Five of the National Banks do not have plans sthould there be a winddown. What does that mean . 40,000 verizon workers are on strike. First up, jpmorgan, better than expected First Quarter results due in part to weakness in trading and Investment Banking. Jamie dimon calling the results solid. He goes on to say, quote, the consumer businesses continue to grow loans and dposs impressively, attracting depo t deposits faster than the industry. Theyve shown some slides on delinquencies which continue to get better and better. Right. But i think also we continue to forget there was a rate hike and one was great for them. You understand if we had multiple, wed talk about stocks going 66 to 70. I even been focused on oil and gas loans, and ive got to tell you were now in a position where in the rear view mirror, the reserves, oils have gone up so much. Remember theyre going to be able to sell a lot of futures. Look at all these deals. A
21st century fox prepared to offer for the 85 a share for time warner. E joins us now with more. Another big deal Rupert Murdoch is known for, but he got rebuffed. Jeff bewkes, who runs time warner inc. , he thinks it is better for the company to remain independent. He has been selling off assets. When he first took over, he sold aol and timeun off warner cable. Recently, hes been off recently, he spun off time inc. It is a much cleaner and more focused company in terms of being a pure play Video Entertainment business, which would fit in with fox. Was in google rumored to be a better for time warner . Bit mores a farfetched. We dont have reporting that the kids anything real with any kind of Silicon Valley company. Philosophically, it makes sense that some of the emerging Silicon Valley companies with want more content. Youtube, it is a business that has not found its footing. It is growing but it is unclear what the Business Model is. Time warner has a great Business Model. Whether i
Economic data in the u. S. Here is what we have got. Initial jobless claims and Building Permits. 9 45, the hits keep coming, bloomberg comfort index, the 10 00, the Philadelphia Fed business outlook. Earnings, danaher, Morgan Stanley 7 15. And blackstone, a big one before the bell. After the bell, ibm and google. Say know what ibm will they changed the conversation. The Conference Call will be about looking forward and what kind of appreciation to come out of the deal. Items to note the Senate Transportation subcommittee hearing on gm. Are they going to recall a corvette . They are recalling jimmy ramadi wake up. On the brain. Mary barra has been before congress four or five times. Present obama will be speaking at the port of wellington on infrastructure at 2 10, and Angela Merkel turning 60 today. The british open also begins. Doesnt be president make his way to new york this evening as well . Be a mess. T will do not go anywhere tonight in new york city. Just stay in your apartment
Ceo john donahoe called the corridor challenging. They showedow ecommerce search results weighing on the business, but the paypal unit showing solid growth. Pay 450s agreed to Million Dollars to settle allegations that it conspired to fix ebook prices. The trial between them and 33 attorney generals was going to start this month. Tole just paired with ibm improve enterprise business. To our lead story of the day, Rupert Murdoch looking for a new piece to his media empire and hes hoping time warner is the perfect fit. The warner has rejected initial bid and murdoch is said to be willing to pay more to get cnn, turner,hbo, and more. It was first brought to the attention by murdochs deputy over lunch last month in new york. A numberncerned about of factors including succession plans, the fox share structure, and the future of cnn. I want to bring in senior west coast correspondent Jon Erlichman with us from l. A. Thise been reporting on all day long. What is the latest on what we know now
September 9. It has been widely reported that the new iphones will have bigger screens, but what other features might they have . And will apple release that record . Really set record . And foursquare is looking to make a comeback. They have just redone their flagship, making sharing the primary focus, and moving the check into a separate app. Will it make the difference echoed Dennis Crowley will join us live will it make a difference . Dennis crowley will join us live. How safe is your information . That question is front and center after a group of Russian Hackers stole 1. 2 billion unique usernames and password combinations, and more than 500 million email addresses. The stolen information was collected from more than 420 web 420,000 websites. They did not name the affected websites, but they are said to include household names. Our guest is the Vice President of strategy at shape security. Schuman, it sounds very bad. How worried should our users be echo it is difficult how worri