Back at some of the weeks big moments in this weeks edition of the weeks talkers. Watch. Maria you have a scenario that you believe took place here. Tell us what you see. Oh, definitely. They framed general flynn because he was the cornerstone of the insurance policy to destroy President Trump in the event he was elected. Maria youve been talking about this, something was to come, for some time. If you take a look at this hard drive and youre an fbi agent, youre compelled to do something about it because there are things on it that havent come out yet that if any fbi agent sat by and watched it, they shouldnt be an fbi agent. Maria the fbi was leaking stories to web sites, and then they would use those stories that they leaked as evidence to renew the warrants to spy on the trump campaign. This is a scandal, and it stinks. If you look at what the Obama Administration did, it politicized the fbi, the department of justice, the cia. It used them, essentially, as a political Oppo Research
Paul romer, Nobel Laureate may nyu start professor of economics. Cfo as wen johnson push ahead to a vaccine. Memsic own at present will stay or lower levels until the inflation pool is near. Slack in the economy because of the buyers. Improvedic activity significantly in may and june april,s trough in alongside the ongoing containment of the virus and the associated easing of lockdown measures. At the same time, Economic Indicators remain well below the levels recorded before the pandemic. Alix joining us is michael mckeen. Give us some highlights that set out in pushing forward. It is a reversal of roles. The ecb stepping back from its role as firefighter, getting into a more maintenance mode. Christine lagarde urges the fiscal authorities and the eurozone to step up and take action, approve the 750 billion rescue package they are talking about. She said she assumes they will do that. She says that is critical. The ecb itself not doing anything. Leaving its main deposit rate at 50 bas
Good morning welcome to squawk box. Im becky quick with joe kernen and Andrew Ross Sorkin weve been on a bit of a winning streak up four days in a row. Yesterday the dow was up this morning, you are seeing a little pull back dow down s p down and nasdaq off by 172 yesterday, Goldman Sachs helped. Good news from moderna godm goldman came out with much better numbers than anticipated. Also looking at the trezy yield. The 10year is sitting about 0. 622 good morning. As joe mentioned earlier the twitter shares are lower after the company showed dozens of users were part of a twitter hack targeting some employees who had access to systems and tools. Among those hacked joe biden, jeff bezos, bill gates, elon musk all telling users to send massive amounts of bit koip to an address they are diagnosing the problem and will share everything once the picture becomes more clear if they got in through employees with tools and access to accounts that raises questions about security procedures at tho
In europe. European stocks hitting a 20 bounce up from the bear market in 2020. A little bit of selling on the bond market as growth questions continue and Oil Takes Another leg lower. Lets get right to the bank numbers. Jp morgan shares up by about 2 . They reported blowout fixed income and trading revenue. With us now is Alison Williams is sonali basak. Sonali provisions for loan losses are really skyrocketing here, more than 8 billion expected. A lot of it is coming from the consumer business, where those provisions are more than 5 billion. On the other end of the loan but, we are expecting lower Net Interest Income this year. Also, as one would expect with lower interest rates, that would come into about 55 billion, lower than the 57 billion dollars initially estimated. On the bright side, we saw Net Interest Income for the quarter come in pretty healthy, and fixed income revenue beat by almost 1 billion. Trading was able to hold up. The question is, wasnt able to hold up well in a
Optimism is. We used to joke a lot about a month ago about the rally we saw in virgin galactic. Today those shares up 23 . Names that maybe did not have a lot going on around them but maybe they hope and a prayer. Carvana,at was up 80 or so in the past week and a half. There was some Industry Data overnight that seemed to suggest that, at least for carvana, that might not be the case. Are notes trends that as bad as feared. Chief equity advancement officer. Eddie, what is your general outlook here once you get beyond equities at start to connect it with some of the other asset classes. A large Floating Rate Bank loan business, so we are in close contact with our counterparts in both the bank loan and highyield areas. The interesting to look at treasury market and see if very depressed area of interest rate. The bond market telling you there could be things to concerned about. When you get into individual stockpicking, individual industry selection. I think for the rally to continue in