Its time to focus on infrastructure. Business leaders else would they think america should get back to building and constructing. Towe will have to find a way get more private capital resort. We have got to fix things up. Shed light on important issues and finance. Returns are going to be lower. All straight ahead on bloomberg best. Welcome, i am michael mckee. This is bloomberg best, your weekly review of the most important business analysis, and interviews from around the world. The week was bound to be tense in the u. K. With elections swimming thursday weakened terror attack in london raising the level level of political urgency. Theresa may sharing and meeting with the u. K. Governments Emergency Committee coming after saturday nights terror attack in Central London that left seven people dead. Sterling is weaker. The u. K. Election is just days away. Theresa may we cannot deny that the threat of islamic extremism is one of the gravest issues we face. Jeremy corbyn has come out an
Its time to focus on infrastructure. Business leaders else would they think america should get back to building and constructing. Towe will have to find a way get more private capital resort. We have got to fix things up. Shed light on important issues and finance. Returns are going to be lower. All straight ahead on bloomberg best. Welcome, i am michael mckee. This is bloomberg best, your weekly review of the most important business analysis, and interviews from around the world. The week was bound to be tense in the u. K. With elections swimming thursday weakened terror attack in london raising the level level of political urgency. Theresa may sharing and meeting with the u. K. Governments Emergency Committee coming after saturday nights terror attack in Central London that left seven people dead. Sterling is weaker. The u. K. Election is just days away. Theresa may we cannot deny that the threat of islamic extremism is one of the gravest issues we face. Jeremy corbyn has come out an
Need to know ahead of those numbers. We are coming off of another record close for the dow industrials, 24th alltime high this year. Futures indicating a bit of a pullback this morning, fractional move coming off the high. Dow industrials set to open up ten points and whether or not that changes things. The european markets are mixed, european indices as you see there, majors are flat. In asia overnight gains across the board to report, fractional moves, nonetheless but in the plus column. Planet of the apes swinging back into theaters full Box Office Preview later this hour. Joining me to talk about it Dagen Mcdowell, kings View Asset Management scott martin is here and research chief, Research Officer. Good see you. Dagen great to see you, coming up we were at the Berkeley Center for the third stop at the Connor McgregorFloyd Mayweather. You interviewed him. Dagen youve gotten paid, not so much. We have a very heated debate about who can win fight. I will put money down on the fact t
Plus more ceos head to trump tower. And another automaker, another emissions probe. We will fill you in on that. But it is all about the banks this morning. Wells misses, j. P. Morgan beats, b of a posts some mixed results. Jim, you just tweeted enough with the binary trade. What do you mean by that . Were in a difficult situation here because there are people whove been saying the banks have run up so you got to sell them. Thats trader talk. When i was at a hedge fund i would say ill put out bank of america at 23 buy back at 22. 88. These are unbelievable quarters, theyre unbelievable because theyve become growth stocks, cocacola, they do not have the ability to run this organic growth. These are remarkable quarters and we just started. Bank of america haechbt seen the gains yesterday. Numbers im looking at ive calculated 100 basis points in fed increase, you get 3 billion more. Just added on. Do you think that Proctor Gamble can put up that kind of number . 600 million baked in the n
Desperate luminary aprils preliminary university of michigan sentiment. David welcome back to the program. Is it as good as he makes it out to be . So far. I havent been through the full release. The Biggest Surprise coming from trading, whenever they have a big beat like that, that is the first place i look. Fixed income coming in betterthanexpected. Growth came up 17 yearoveryear. Analysts expected trading to be down and was actually a bit higher. Long growth came in around 9 . Trading, weok at focus on the Net Interest Margins. The industry statistics have shown a big slowdown. Question andk the there wasnt a solid answer as to why the industry was showing slowdown. Some of the regional banks have been sing that theyve been saying Slower Growth saying that theyve been seeing Slower Growth as well. David it is tapering off somewhat. Yes. Last year, a lot of the growth came from mortgages. Holding more mortgages on your book. Where investors are focusing this quarter is the slowdown i