Bank of america, saying they expected benefit from higher Interest Rates and a lower Corporate Tax rate. Brian moynihan says that pretax earnings rose year on year. There is what it is doing, up by 3 10 of a percent. Not Much Movement either way. Allison is joining us. Surface this looks like a pretty solid report. Walk us through it. Allison still going through the numbers, but so far so good. Trading is a number we always look at, a little bit better. Fixed income is a little better, equities a little better, in banking they had a oneoff charge. David who do we think that might be . 880 million driven by a single name, nonus commercial chargeoff. David South African maybe . Alix steinhoff . Allison and i guess the surprising thing would be if you did not see it. Alix it is exposure i think. Allison we were joking the other day, the term episodic, but that is a better term than a oneoff or not occurring, because it is the cost of doing business. David the other thing we do not see is
Armed Services Committee on their respective commands. This is an hour and 45 minutes. We will call the meeting to order. Were going to receive testimony from two of my favorite people, general lori robinson. I have to say that i taught her everything she knows from when she was the Wing Commander in the ticker air force base in oklahoma, and from curt tid, commander for the u. S. Southern command. I think there is a lot of overlap. Week talked all three of us have talked about this between the north and the south command, and i think thats one reason that senator mccain would want to have these meetings together. The new National Defense strategy, the nds identifies protecting the homeland and sustaining american advantages in the western hemisphere as key priorities, even as the d. O. D. Focuses on the rising challenge of great power competitors. As we have seen from increasing economic and military efforts by china and by russia to gain a footholds in the americas, the boundaries be
Cspan. Org landmark cases. Earlier today u. S. Northern commander general Lori Robinson and Southern Commander testified on their operations including how they handled the threat of Ballistic Missile attacks and whats being continue to combat the opioid drug crisis. Speaking before the Senate Arms Services committee this is an hour and 50 minutes. We will call the meeting to order. Were going to receive testimony from two of my favorite people, general Lori Robinson. I have to say i taught her everything she knows from when she was Wing Commander at Tinker Air Force base in oklahoma, and from kurt ted, commander for the u. S. Southern command. I think there is a lot of overlap. Weve talked all three of us have talked about this between the north and the south command, and i think thats one reason senator mccain would want to have these meetings together. The new National Defense strategy and the nds identifies in protecting the homeland sustaining american advantages in the western hem
In ad jigs general tidd talked about combating the Opioid Crisis and improving elicit drug interdiction. The Senate Armed Services committee hosted this four and 45minute event. We will call the meeting to order. Were going to receive testimony from two of my favorite people, general lori robinson. I have to say i taught her everything she knows when she was the Wing Commander at teeinger air force base in oklahoma. And from kurt tidd, the commander for the u. S. Southern command. There is a lot of overlap. We, all three of us talked about this between the north and the south command and i think that is one reason that senator mc cain would want to have these meetings together. The new National Defense strategy, nds, identifies protecting homeland, sustaining american advantages in the western hemisphere as key priorities even as the dod focuses on the rising challenge of great power competitors. As we have seen from increasing economic and military efforts by china and russia to gain
I want to bring attention to other metals. Slumping asrials the stronger dollar cut demand for metals as alternative assets. The greenback having an impact across the board. Traders are also gearing up for the u. S. Rate hikes. Sizable impact coming from the dollar and on gold. What hasnt given back all the gains is volatility. Ae nikkei and hang seng little lower, but the key takeaway is we are nowhere near levels we were last week, which means the nerves are out there. We will be getting the market details later on and we dont have the china data yet. We will get you that when it comes out. In the meantime, paul allen with your first word news. Research claims the u. K. Will leave the European Union as the areas slowest growing economy even if it keeps the same trading relationship after brexit. The European Commission says growth will slow to 1. 4 this year and 1. 1 next. Conversely, the Commission Says the euro area economy will expand faster than anticipated with growth more balan