Orders thats weighing on the dow nasdaq about 4 itself today s p up about 3 , sara. Weve got big news coming up on todays show. Wells fargo ceo joins us to break down the Small Business loans and impact of pandemic on the bank then later, well speak exclusively with the ceo of Carnival Cruise lines as a they take a huge hit. Carnival shares down about 75 this year. Well have the ceo if and when the industry can get back on its feet with 59 minutes left of trading, lets focus in on the big stories. Wilfred has the news on the Bank Earnings meg with the treatments and vaccines and Steve Liesman wi k34e7b9s from two fed officials. Gl they had opened hirer this morning, jpmorgan and wells fargo. Provisions for potentially bad loans spiked 8. 3 billion for jpmorgan, 3. 8 billion for wells fargo. Even that was not the worst case the ceo said could be higher over the next several quarters relative to what we took in the First Quarter while Charlie Schaffer said it wouldnt surprise me to conti
Excited. All right. Hi, everybody and good evening thanks for joining us on a busy thursday all that ahead but we have to start with the top story because 2020 is looking like 2019 mor new records. The s p dow and nasdaq all posting alltime highs but there are a couple of big events that could change things up in the coming days beginning with the big jobs number tomorrow the expected signing of the phase 1 trade deal next week now iran has calmed but not gone and everyone seems to be, guy, wondering about the fed. How should investors be getting ready for this the macrosetup with the market that just cant be held down. Ive said it for a while, i definitely made this more complicated than it has to be. Its interesting, the knock against bitcoin its created the out of thin air. Thats exactly with the Federal Reserve has been doing since september. Creating liquidity out of thin air and thats justing the market north of 400 billion over the last three and a half months by april the Balan
The Ceo Mark Parker is stepping down, replaced by nike board minneapolis and service now ceo john donaho, marker will be the executive chairman we heard from parker exclusively on the closing bell. We have spent a lot of time over many months working on succession planning. So this is this is not something that happens in a matter of weeks. So its really unrelated to oregon project or other issues this is about me on the board really wanting to make the build on the momentum weve got. Add the horsepower, accelerate against our strategy and do it while im here and in a position to lean in and make this as successful as possible parkers departure comes a the dame the crow kevin planning leaving his post in the new year as well. Both stort sporting stocks time to lays up and buy or sit on the sidelines. Can you just say that. I just did. Do you have ears i do. It hurt my ears. Youre sproech so much smarter than that time to lays up and buy. Ha ha. Based on this mr. Donaho on the board of
Launch is the next leg of the rally all about the fed . I think it has been all about the fed. Tariffs were maybe 20 of the story. I think for me its about the fed. The fed is in the back pocket of the market the tariff story can only get better from here yes its about the fed higher markets from here Going Forward. Why can the tariff story only get better from here we factored in the negativity on the tariff headlines. Weve already seen those at worst, right or you dont agree. I do tell you what i think youre right in terms of headlines, mark. Its digested months and months and years of headlines what we dont have is ceos and the real impact. When you throw the trade war into a war, leading indicators have been moving lower in the last 18 months you can make an argument this trade war has done things to ceos and businesses and earnings that we still havent seen yet in terms of a market event i can agree with what steve said where are we were at may 3rd, the last time we got some big n
Trey good evening and thank you for joining us. Im trey gowdy and it isg as sunday night in america. Here we go again. Ld t a former President Trump versus current president joe biden. Will cleveland have company in Jothe History Books or will joe biden overcome historically low poll numbers . They are blinking Caution Lights for both candidates while theki American People settle in fongrs what looks like the longest General Election in history. That General Election started i earnest last night during the state of the union. Talk of unity for his inaugural address years ago is gone. This was talking about contrast, not reconciliation. My predecessor my formerican republican president tellso wh vladimir putin, do whatever the hell you want. He is the reason it was overturned. Myreason predecessor, many in ts chamber want to take Prescription Drug away by repealing the Affordable Care act. Im not going to let that happen. At h[applause]or and my predecessor if he is watching, instead of