Jcpenny and nordstrom reporting. Expected in just a few minutes, well be bringing to you. And pixars new films. First up. Lets talk about the markets with david rosen berg, the chief economist at gulskenshef. Good morning. Put the weekend into perspective. We have macro numbers today but still the discussion remains even though there was a quiet overnight in china. What theyre trying to do and if its what weve been asking them to do for decades. You know whats interesting . Everybody talks about how it comes as a surprise and practically every Economist Says ive been calling for this all yearlong. I think this is not a repeat of 1994 when china devalued 30 and ultimately touched off the asian crisis a few years later. This is more strategic in the sense that really the bigger story is not really the devaluation but the move to allow Market Forces to play a greater role in determining where its going to be. Thats part of the imf report that basically stated thats what china would have t
Public service by americas Cable Television companies and i brought to is in 1967, africanamericans rioted in cities across the country, including detroit, to protest the lack of opportunity and the protection of civil rights. President lyndon b. Johnson appointed the Kerner Commission to investigate what led to the riots. Next on American History tv, a panel of journalists convened in discussed the riots, the kerner report, and how those impacted journalism. This is about an hour and 45 minutes. Hello, everyone. Ok, my name is marlo stoudemire. Im the project director of the detroit 67 project, looking back to move forward, im here today on the hacks of our ceo and staff,ve director, our and our board of trustees to invite you to a very wonderful panel today and welcome you to the Detroit Historical museum in midtown detroit, founded in 1928, and our mission is telling detroit stories and why they matter. Lookingoit 67 project back to move forward is a multiyour Community Engagement p
Together the sequence of events here. Now its about 8 00 this morning when police got a call for service. They were brought here to byer street in the Bradbury Heights section of Prince Georges County. When they came, they encountered two armed men. Police say that shots were fired, and one of the suspects was hit. Now officers performed cpr, but the man did die. Now a second suspect tried to run away, but was caught and is now in custody. Police did recover weapons from the scene. No officers were injured in this incident. But certainly early in their investigation theyre going to be here for a while. For the time being the road is closed and we are expecting to hear from the chief at some point this morning. Back to you in the studio. Im molette green with breaking news out of germany. New evidence linking a Christmas Market attack to the prime suspect we just heard from germanys minister, saying investigators found suspects fingerprints inside the cab of the truck. Theres a manhunt
Shrink the feds Balance Sheet. David . David were goined by mr. Campbell who covers banks for bloomberg and alice williams. She was a banker for Morgan Stanley and u. B. S. Lets start with the numbers because they broke 15 minutes ago now. Theyre basically up across the board according to estimates and last year. Mr. Campbell thats right. Really what this is about is the expense story. It looks like thats our initial read, noninterest expenses are lower than analysts had expected so bank of america did better on that. Credit cost provisions are ower than analysts expected. Thats a good story. People may have questions on Revenue Growth. Bank of america came up short on Net Interest Income with Interest Rates rising a bit during the quarter. Theres interest there. Bond trade chg was going to be there were a lot of good expectations for bond trading this quarter. Bank of america came in short on that. David focus on the trading because it came in low. As you point out the Fourth Quarter
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