Benefit more under his tax proposals. He will lower the pass through, and that will lower the Capital Gains so thats Utter Nonsense thats reform. Jim, nice to see you today. Its 8 00 a. M. In seattle, 11 00 a. M. On wall street. Squawk alley is live. Welcome to squawk alley, im Carl Quintanilla with kayla. The dow has gone positive for the week. A big day for bank earnings. Jpmorgan moving higher. Profit down year on year, but the company saw record income in commercial banking. Citi in the green after earnings and revenue topped expectations. Fixed income a bright spot, up 35 on year on year. There is wells fargo, despite the drop in income days after chairman and ceo john stumpf resigned. Plenty more on wells this afternoon, the cfo will join closing bell at 3 00 eastern time. Goldman is leading the dow. Some of these metrics if you look elsewhere, other than wells, pretty good. Even things like expenses working in their favor. Settlements, reserves, acting more like a tailwind inste
Bombings that have occurred over the last three days in new york and new jersey. Hes the same man caught on Surveillance Video at both manhattan crime scenes, so who is rahami . Not much is known at this point, but we do know he was born in afghanistan but is a u. S. Citizen. Nbcs Pete Williams reporting according to a u. S. Law enforcement official, a key piece of evidence was a fingerprint found on one of the unexploded devices. New Jersey State Police say hes also wanted for questioning in connection with saturdays Seaside Heights explosion. Officials have now officially linked all of these incidents. Earlier this morning authorities searched a Fried Chicken restaurant in biz bett, new jersey, whose owner is listed as mohammed rahami. All this unfolding as andrew cuomo says it looks like the bombing that happened here in manhattans chelsea neighborhood on this zrestreet, 23rd street, could be an act of terrorism with a foreign connection. In all, four crime scenes, two in new jersey
Mark im mark crumpton. Lets check with your first word news. I72 to 26 vote, the u. S. Senate passed a 10 week stopgap measure to ensure no lapse in government spending, funding democrats wanted to address the water crisis in flint, michigan, will be handled in a separate water bill. The house could pass it tonight. , kratz joined with republicans to and president obamas first veto override. Both house and senate voted overwhelmingly to allow families a 9 11 victory 9 11 victims to sue saudi arabia for its alleged backing of the attackers. The president has argued it could open the u. S. To lawsuits around the world. Bernie sanders and Hillary Clinton made joint appearances at the university of new hampshire. Sanders called clintons plan to provide Free College Tuition to middleclass families revolutionary. Senator sanders i want young people to leave schools excited about the future, the new businesses they will open up, getting married, having kids, buying a house, not being saddled
Early on the blue chip dow index rose triple digits but the gains were cut in half by midday only to rise again and drift down into the close. On the day the dow jones indu lost three points to 18,120. The nasdaq was down nine. The s p 500 fell a fraction. A jump in the price of oil and a strong report on the Housing Market. But when oil turned, so did stocks, making it clear that the price of crude matters now more than usual. Oil prices settled slightly higher as they hold out hope for a deal to freeze production. The strong Housing Market saw confidence with Home Builders rise to the highest level in almost a year. That helped Home Building shares like those of lenar, dr horton and pulte rise during trading day. Diana olig takes a look at whats driving the surge in one of the economys most important sectors. The sales offices at eya, a developer in the d. C. Metro area, were very busy this summer. Busier, in fact, than usual. They started in july and carried into august. It was surp
Early on the blue chip dow index rose triple digits but the gains were cut in half by midday only to rise again and drift down into the close. On the day the dow jones indu lost three points to 18,120. The nasdaq was down nine. The s p 500 fell a fraction. A jump in the price of oil and a strong report on the Housing Market. But when oil turned, so did stocks, making it clear that the price of crude matters now more than usual. Oil prices settled slightly higher as they hold out hope for a deal to freeze production. The strong Housing Market saw confidence with Home Builders rise to the highest level in almost a year. That helped Home Building shares like those of lenar, dr horton and pulte rise during trading day. Diana olig takes a look at whats driving the surge in one of the economys most important sectors. The sales offices at eya, a developer in the d. C. Metro area, were very busy this summer. Busier, in fact, than usual. They started in july and carried into august. It was surp