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CNBC Squawk On The Street July 14, 2016

Keeping things unchanged. Strong showing for jpmorgan, Second Quarter revenue beating estimates. And awaiting the biggest po of the year. First lads for line. Stock set to open at record highs. The bank of england leaves rates unchanged but says stimulus is likely to come next month. Black rocks larry fink talked about the market rally this morning on squawk box sounding fairly skeptical. Take a listen. Here we are were seeing investors worldwide pausing, we have seen quite a large sum of money being pulled out of equities over the last year and yet we are at record highs. This rally in my mind is not i dont think we have enough evidence to justify these levels in the equity market at this moment. He does go on to say, jim, that if earnings come in above the minus 5 that everybody is expecting maybe some of these could be justified. Look, i spent all morning on this jpmorgan. Why . Because jpmorgan the largest bank, you have to stay focused on it. If jpmorgan is any precursor as was al

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