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
Host tree into a fight on cspan2 this morning at the housesenate jay Commerce Committee continues its work to repeal and replace the Affordable Care act. Hearing you can watch on cspan is now stretching towards the 21st i was dozens of amendments still waiting to be considered. Meanwhile, another House Panel Backs up his work on the healthh care bill after 4 00 a. M. This morning after 18 hours of work. This morning on our program we want to hear your thoughts on this Marathon Committee hearing in republican effort to overhaul health care in america. Give us a call. Though my throat being. 202 7488000. Republicans 202 7488001. Independent 202 7488002. Facebook. Com cspan. Very good thursday morning to you. The headline in the helen is paper this morning released on their website, 24 hour mark on markup and gop Obamacare Repeal bills. The house energy and Commerce Committee which again you can watch on cspan if you want to see whats happening right now. The latest countless days at leas
Congressman Henry Cuellar is a democrat from texas and specifically the 28th district of laredo based border district which means your district would be ground zero for President Trumps wall initiative. You called that wall a 14th century solution to a 21st century problem. Why . Guest first of all we have seen the history of the berlin wall, the great wall of china and other places. You remember the french and the germans during world war i pics of been a lot of history. What we want to see living on the borders, we want have a secure border. Theres different ways you can do that. First of all you have to listen to the men and women on the ground, the Border Patrol are actually there and they will tell you that they want the right mixture of technology, the right mixture of personnel, and some strategic fencing in hotspots. The other thing is im a big believer in extending our goal line which is the us border. Where we spend over 18 billion. If you work with our friends to the south,
President trumps wall initiative. Want to get your thoughts on that initiative. Guest weve always been pretty straightforward, even back to president bush that the wall by itself is not going to work. They come over and around it, under it, through it. So the idea that we can carry with just that is just a mistake. Host do you think guest its just how do we get there. Host do you think the cure involves that and other things who are you opposed to a wall at all traffic im not opposed to it wall at all. There are places where it will work and has worked in the big cities, out in the open expanses. I have a section of the wall in my office of las cruces where people are near the side cutting it down after 5 oclock. We are putting it up and they were cutting it down. In places and replace it with papiermache and so you just have to understand the wide open expanses theyre going to require technology to stop groups moving here and just someone to meet them and say this is not the way you c
Host steve pearce, republican from new mexico in the Financial Services committee. Always appreciate you coming back. Ask a thank you, great. Host to enter program, we will revisit this question about republican effort to overhaul the Health Care System in the Affordable Care act. You can start calling income especially if you watched the hearings overnight in the ways and Means Committee and energy and Commerce Committee. You can begin calling and as we take our viewers live to the energy and Commerce Committee for a roll call vote is underway on another amendment they been considering this morning. This is mrs. Brooks notes now. Mr. Mullen both now. Mr. Had been. [roll call] [roll call] [roll call] [roll call] [roll call] [roll call] [roll call] i know we have members coming back. That was a shorter debate ends unanticipated. The gentleman from texas. Mr. Johnson. Mr. Johnson both know. Host those are the members of faces in congress added for nearly 24 hours now and energy and Comme