Do something that has never before been done in stays. Im ali velshi. This is real money. Seven years after fuelling a financial crisis that nearly imploded the world, americas big banks are doing just fine and getting even bigger. Take jpmorgan chase, americas biggest bank by far. It Just Announced soaring profits. 21. 8 billion, that is a 22 jump from 2013. So you would think americas biggest bank would be celebrating its glory, but instead jpmorgan chaste jamie diamond represented at reporters that, quote, banks are under assault. Why is jamie crying . Because chase saw its profits take a hit, due in large part for a 1 billion charge to cover legal fees. The department of justice hit the bank with a whopping 13 billion in fines. Jamie diamond told reporters that quote, five or six regulators at us on every issue complaining, how american is that . How fair is that he asks . That is pretty rich coming from a guy that runs a bank that pedals securities and caused the worst economic do
Latest day of the asia tour. First lets fete you some breaking news, thats where we are getting reports several people have been killed in what is being tribed as a Counter Terrorism raid. The operation took place in the town in the province in the east of the country, we will bring you more details. In fact, we do have a photo now where the local journalist who is joining us from belgium first of all explain to us what happened in this operation. Well, we dont have all the information because it is really a good looking story buzz the latest news we have, is that we have two people dead and one wounded. This happened in not far from the justice building. Where there was an antiterrorist operation. It is a town where its one of the islamist hot spot of belgium. Request a lot of influence. Local as well, and there are a number of radicals centers. But we dont know more than that at the moment. Things are a little bit clearer. Lets move on now to france where the u. S. Secretary of state
Prices fell back after the new king said he would maintain his predecessors policies. Financial markets are advancing adjusting to the ecbs announcement. One who is definitely the head of japans central bank. He spoke to bloomberg in davos. Growth could be accelerated. Both would be beneficial to the worlds economy including the japanese economy. We welcome this action. Japan may need to look at new options for stimulus. Earlier this week, the bank of japan cut inflation forecast to 1 . In greece, polls show the antiausterity party has a sixpoint lead heading into sundays election. Syriza has promised to abandon the tax hikes. The plan has restored the countrys economy concerned that syriza might win. That time of the year when we find out how much money ceos made. Tim cook took in more than double his compensation and received 9. 2 million when apple shares set a record. Jamie dimon got his first cash bonus since 2011. Up a little more than 7 million. Lloyd blank fine lloyd blank fein
Every day bets on how companies will do and when the bullish bets overwhelm the bearish once, you get days like today where the dow gained 60 points, the s p climbed, while the nasdaq inched down. 2 , but are these bets informed . Or are they just guesses . It depends. Sometimes as we know from the confusing minutes released by the Federal Reserve this very afternoon, it is really difficult to get a good read. I couldnt make heads or tails out of whether the fed thought the economy was Getting Better or worse. Thats largely because the traditional benchmarks and toe tums arent making sense right now, sometimes even sending us in the wrong direction. Yet its confusing out there. Ive been doing this for a long time. Its confusing. In fact, i think you can say this is a temptations market. Weve got multiple balls of confusing. The most glaring example, for years weve looked to the direction of Interest Rates to gauge the economys strength or weakness. Interest rates going higher, we know
Consumers but the opposite still seems to be the case. This market likes it when oil is moving higher. Last thursday lets all recall oil hit a low of 43 and change. Now were almost 10 above that right now. Almost 25 gain. I will mention Brian Reynolds just hitting the tape saying he thinks this will help stocks fend off some of the weakness we have seen wreryeartodate. There is certainly a lot to watch. Not clear at all just what this move will even. Aetnas sew Mark Bertolini is joining us in an exclusive interview. Why theyre raising their outlook plus well ask him to weigh in on the controversy. The vaccine story was a big part of the show yesterday with kellys interview with senator rand paul. Disneyland in california was kind of ground zero for the measles vaccine debate with that scare out there. Bob iger will be here after his companys earnings are released tonight. Well get his take on all of that. Im sure im sure that bob will have something to say about that. Here is where we