Were going to have much more of sara eisens exclusive interview in just a few moments. In the meantime, a lot to look at as stocks hit new highs for the year, about 2 from alltime highs. Bank earnings in focus. Europes mildly positive. Core cpi up 2. 2 year on year and jobless claims hit a new low going back to 1973. First up, wells fargo beating expectations with a firstquarter profit of 99 cents per share, revenues above consens consensus. They say while credit results remain solid, the oil and gas portfolio remains under significant stress due to low prices and excess leverage in the industry. And then b of a exceeded estimates with firstquarter results, put profits down 18 on a doubledigit decline in trading revenue. Not a repeat of the performance we got out of jpl. Going over these quarters all morning, and i have kind of a very simple takeaway, which is that, wow, if these companies were to have a bunch of rate hikes, you know, theyd make a fortune. And if they dont, they kind o
Now is probably benefiting around 1,000 a year, and some very detailed microdata that i have seen on Household Spending patterns suggest there may be a link, as you would expect from reduce reduced amounts that people pay at the pump to overspending like eating out for restaurant meals and other things, but the aggregate data, you know, is not as strong spending is not as strong as it could be given the decline. And, of course on the other sigh we are it may be that it will take a while and its something that will slowly strengthen over time if Oil Prices Stay low. On the other side, of course, we have seen a marked decline in drilling, which is depressed investment spending, and, of course, very substantial layoffs in the energy sector. With respect to impact of oil prices on inflation and what would happen if they move up, the committee has generally tended to look through movements of oil prices, whether they were on the up side or on the down side, viewing it as a factor that shoul
The fountain in italy and royal palace in the netherlands lit up in the colors of the belgium flag. Hello again everyone. At least 34 killed and scores of people injured in the series of attacks in brussels. Fit supportrom World Leaders investigators go door to door hunting a terror suspect. We have light Team Coveragend we work the massive man hunt still going on at this you are hochlt j jsica is working the stepped up security here in the United States. Ryan is working the heightened security at south florida airport but we begin with nicole who is live in the Satellite Center. Nicole. Brussels reeling from the attack that as you said have taken dozens of hives and left more than 200 people hurt. Now authorities believe a tip from a cab driver. Led them to focus on three men responsible. 7 59 i hear the first bomb and which was a big blast. Hear the second, see the secondblast and then time for running. Repoer run they did. Travelers in the Brussels Airport some j jt arriving or chec
Initial. I think so pgh i promise you we will be listening. Mark davis joined in two weeks ago in the town hall meeting. If you think the grass is greener in Southern California and try to come back here, youre probably going to come back to a no tess passing sign. We have within trespassing sign. We have been working every day to get something done. Fans point out games are sold out even years through the uncertainty. The team is just trying to stay focused on the field . Were focused on trying to win football games, we never really talk about it. Iger said should the owner as prove the move, los angeles will approve the move. Noel this has been going on for a long time. When can we expect a decision one way or the other on this. Its been going on for years. The team owners are meeting in december. Theres supposed to be a vote in january before the super bowl. They need 24 votes to with able to move. Noel, thank you. Keeping the raiders in town isnt as high on the priority list as you
Hes campaigning hundreds of miles away. Tia the storm system that made for slick roads and contributed to this 29car pileup in nevada county, california will impact our weather next. This major winter storm will affect us in the way of rain. Good morning. Its monday. We made it. February 1st. Im tia ewing. Brian we make it on friday. We dont make it on monday. Tia no, its a great way to start it over. If you want a clean slate, this is the way to do it. Its monday, february 1st. Lets do this. Brian wow. The glass is definitely halffull over here. Im brian duffy. Sam, tias on fire over here. Samantha if this tv thing doesnt work out, theres motivational speaking, which why fabulous. Everybody is looking fabulous brian youre all blue. Samantha great minds think alike. Time is 6 02. It is 40 in cleveland, its very mild. Youll notice that from cleveland to sandusky were not reporting any rain, no snow. Its so warm out there. 41 right now in canton. We had some rain overnight. Linger. I thi