Up next remarks from bank of america Ceo Brian Moynihan on the state of the economy in the us financial system. Other topics include capitalism and crypto currency as well as banking trends among millennials and jens hes, this is hosted by the city club of cleveland. Good afternoon, we are devoted conversations of consequence that help democracy thrive. It is thursday, june 29th. Im the chief executive here, daniel moulthrop. Im here to introduce our speaker, brian moynihan, ceo of bank of america. The country and world grapple with the aftermath of the pandemic, inflation, supplychain disruptions, the Banking Industry has felt its share of volatility. In march, several small to midsize banks failed leading to a chain of events we refer to as the 2023 banking crisis. On top of this, the widespread calls for increased equity, access to economic opportunity, increasing reliance on emerging technologies, evidence the world of banking and finance is changing quite a bit. Brian moynihan bec
What do you have coming up, and hows the weather . So far, so good on the weather. Actually last time we were doing it outside on the island. Today were doing it inside on the off chance the weather does worse than it has been. Were at the annual Sports Complex conference going on. We have a huge lineup of guests throughout the broadcast. Bruins ceo george pine is going to be with us and arcs cathie wood. We can have a debate about bitcoin with her. So much going on in her world. Then well have a conversation with ceo ted leonsis who weve been talking about because hes been involved in that deal in washington, back and forth. And at 8 15, an exclusive interview, First Time Ever on cbc, steve cohen, now, of course, the mets owner, but maybe better known to those on wall street as the chairman and ceo of point 72. So many folks in the sports world. We have many of the commissioners from all over the league. I think we have michael rubin, arod, i saw last night. Corbin is trying to buy th
Citys decision to take down monuments honoring key figures of the confederacy. Supporters filed a lawsuit blocking one statues removal. The city has dismantled one monument, with three more on the hit list. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Julia live from bloomberg World Headquarters in new york, i am julie chatterley. Scarlet im scarlet fu. Joe im joe weisenthal. We are 30 minutes from the close of trading in the u. S. Stocks trading near record highs and the vix heading for the lowest close in a decade. Joe but the question is, whatd you miss . Scarlet landslide victory for new french president Emmanuel Macron, but can he get a parliamentary majority in june . Cap President Trump get anything done with the pipeline of legislation on the calendar . And frustrating trades David Einhorn ratcheting up the rhetoric on 2 auto names. We will explain why. Lets look at where the major av
Wednesday session. We are one hour is today. There is the stoxx 600 down by 1 3 of 1 . The third continuous decline. A while. Ain in the highest in 15 years. Loafers, handbags contribute into it. 2 . October, its up by as we approach the december fed meeting, many expecting, there. S 70 probability ofa a hike u. S. Crude stockpiles expanded it prefersays freezing output at current levels rather than cutting production. Lets get to my first wonderful chart of the day. Its all about volatility expectations. Uge. Ss asset gagu as you can see, it has fallen to the lowest level since 2014. Are investors getting too comfortable . Making some nervous threats from washington to beijing. The uncertainty about the u. S. President ial vote has diminished. Investors are coming to terms with the potential rate hike and december. Its possible investors are too nervous to make any big bets. What a wonderful chart. Lets get to bloomberg first word news. Thank you so much. In extended fell trading afte
Spots. We want to show you the big picture. The storm system is making its way out. Snow is falling as we speak. As we get closer to the bay area, showers moving through, especially near the 680, 580 corridor down towards fremont. Youll seeing heavier pockets of rain right now, even near sun sunnyvale. Youll notice the temperatures in the 40s and 50s. Its going to be a cool day. Mid 50s across the bay. Once we hit 11 00 well see sun come out and another system for together. Weve got three this upcoming week. Talk about that coming up in the next report. Anthony thanks. Its been a rough drive for people heading up to the sierra. The snow was unrelenting last night. We have the scene on i80. You can see it coming down in sheets. Drivers were being cautious. Got to take it easy. Yeah, id like to drive faster and get through it sooner, but in a diesel truck thats not the way. Several ski resorts are reporting this is the best start of the season since 2010. You can track the storm with our