The rate story that has wall street talking this hour. Pete, slower loan growth across the board for the banks. As the tenyear continues to come down, the banks were almost all negative. Youve had a little reversal but the market cant do anything. And everybody is looking at the 10year and obviously for a last while weve had this thing correlated. I think the impressive part is theres actually still even growth. Because of the fact weve seen some of these numbers moving where they were, yesterday i said on the show i wouldnt even be i think theyre going to have something to balance it out. Well, they did. The Trading Volumes and what they have done with trading is absolutely spectacular. You took and its really, really impressive. At citi its up 19 . Jpmorgan is up 17 year over year. So there is that balancing act but loan growth is what everybody was focused on. And yet the banks today are flat as a group. I think the biggest story in the market is rates. As the 10year goes down to 2.
We begin with air travel. A new Airline Study found more flights are arriving on time with fewer lost bags. But why is actually taking a flight often so difficult . This Week Featured an extreme example of how air travel can be a rough experience. Phil lebeau has this weeks cover story bumpy ride. Reporter the cell phone video is disturbing. Oh my god look at what you did to him reporter Airport Security dragging a passenger down the aisle and off of a united flight from chicago to louisville. What happened . United was trying to bump four passengers to make room for crew members who needed to be repositioned to louisville. But when nobody would give up their seat for the 1,000 united said it was offering, the airline started picking passengers to be involuntarily removed. And a very bad week for united began. Certainly, you know, its very emotional scene. Doesnt have to have that kind of immature reaction when youre asked to leave the plane, you should handle it in a different way. Re
We begin with air travel. A new Airline Study found more flights are arriving on time with fewer lost bags. But why is actually taking a flight often so difficult . This Week Featured an extreme example of how air travel can be a rough experience. Phil lebeau has this weeks cover story bumpy ride. Reporter the cell phone video is disturbing. Oh my god look at what you did to him reporter Airport Security dragging a passenger down the aisle and off of a united flight from chicago to louisville. What happened . United was trying to bump four passengers to make room for crew members who needed to be repositioned to louisville. But when nobody would give up their seat for the 1,000 united said it was offering, the airline started picking passengers to be involuntarily removed. And a very bad week for united began. Certainly, you know, its very emotional scene. Doesnt have to have that kind of immature reaction when youre asked to leave the plane, you should handle it in a different way. Re
A new Airline Study found more flights are arriving on time with fewer lost bags. But why is actually taking a flight often so difficult . This Week Featured an extreme example of how air travel can be a rough experience. Phil lebeau has this weeks cover story bumpy ride. Reporter the cell phone video is disturbing. Oh my god look at what you did to him reporter Airport Security dragging a passenger down the aisle and off of a united flight from chicago to louisville. What happened . United was trying to bump four passengers to make room for crew members who needed to be repositioned to louisville. But when nobody would give up their seat for the 1,000 united said it was offering, the airline started picking passengers to be involuntarily removed. And a very bad week for united began. Certainly, you know, its very emotional scene. Doesnt have to have that kind of imtu asked to leave the plane, you should handle it in a different way. Reporter united Ceo Oscar Munoz finally issued a ful
Time. We are largely positive if only fractionally so. The ftse is slightly in the red. Remember, that has had quite the gains over the last four months or so, since the brexit vote, up about 15 . Crude prices retreating this morning from yesterdays 15month high. We saw a bigger draw down in inventories. Wti pierced 52 bucks a barrel. It came off down about 1 . The market will be watching that. Maybe not as correlated as it was before. No. The market picks and chooses. One day it looks oil. One day it likes the pound. Or we in hindsight say what did oil do and see how it affects the market. The banks had earnings, not bad. No one died. Not awful. Not awful. Not the money they used to make, but with doddfrank and Everything Else, we decided not awful. Goldman sachs had double digit return. Not awful. Our economy, 2 , rest of the world, 2 . Not awful. David faber being told by blankfein that this is not permanent, we will be growing 1. 3 forever. Not awful. Hes like its not awful, but it