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Expectations, both stocks falling. We mentioned somebody was listening in on the Conference Call and it caused that trader to hit the sell button we wont tell you which trader it was just yet. Tim, it wasnt you what did you make of the Conference Call . I think you have a case here where clearly the numbers on the headline looked fantastic. But what was really causing that, that was about provisions, that was about credit quality. Which, its strange because we were complaining that we were fearful that the banks had bigger credit issues that were being possibly seen on the headline and therefore they were putting aside the major reserves what jp morgan look, that beat was a combination of some very strong Investment Banking and fic business but alsos the provisions that came down. Thats something we should everyall ....
14 points. What is going on here . First of all, there are clear signs the lockdown is ending and the economy is expanding. Theres been a big jump in Mortgage Applications and a surprisingly small drop in private sector jobs in may. We are going to check the other indicators for you. They proiare pointing towards growth. June appears to be the turning point. As for urban unrest, look, its very hard to be positive when you see razor wire around saks fifth avenue in new york city. Overall, violence was down last night. Peaceful protesters were out in force and that, in my mind, is a very good thing. Green shoots, something positive this wednesday, june 3rd. Varney company is about to begin. Stuart i think the story of the morning has to be calm. Protesters turned out across the country last night, some defying curfew orders in major cities, new york and d. C. , but it was by and large a calm night. A welcome contrast to the p ....
Vote vote the presiding officer are there any senators in the chamber wishing to vote or change their vote . If not, the yeas are 86, the nays are 2. The nomination is confirmed. Mr. Mcconnell mr. President . The presiding officer the majority leader. Mr. Mcconnell i ask unanimous consent the motions to reconsider be considered made and laid upon the table and the the president be immediately notified of the senates action with respect to the nominations confirmed during todays session of the senate. The presiding officer without objection. Mr. Mcconnell i move to proceed to legislative session. The presiding officer the question is on the motion. All those in favor, say aye. Those opposed, say no. The ayes appear to have it. The ayes do have it. The motion is agreed to. Mr. Mcconnell i move to proceed to executive session to consider calendar number 387. The presiding officer question is on the motion. All those in favor, say aye. Those opposed, say no. The ayes appear to have it. The ....
Today. Down by 1. 5 . Well dig into that over the next two hours. We begin with the banks. Dan warner is a banking analyst at morning star. Great to have with you us. Dan . I dont understand why one would be invested in banks right now unless you simply wanted to preserve or lose capital. Give me the bull case. The bull case is that if you with the strong economy, with the low cost and positive thats we, have were still seeing strong loan growth. I think i mean there are headwinds. But for longer term, i think you still want to be in banks. The fed will raise rates at some point. It always seems like the last few meetings when he some excuse or some reason at the last minute why they havent raise the rates whether its geopolitical or a jobs report. They will raise rates. I dont i dont think its going to be quite maybe you may see one before the lection. I think that lection may have smim pact on the timing of the rate increases. I would look for it more december or thereafter. So i thi ....
Now a program from the booktv archives, the expedited expansion to the United States, and facilitated trade to the u. S. The author recounts the development for initial proposal of construction in the 1800 to the day it opened on october 26th, 1825. This is about 40 minutes. Im going to talk for 30 minutes, and then well have time for a few minutes of q a afterwards. It was not my idea to write this book. An editor asked the agent if he knew someone who could write a book. My agent said yes. The guy had written the box about new york citys water history, and the editor said great, editor called me, and i said, why . What is there new to write about a canal . Can one make history out of iconic folklore . One was written in decades for children, an indication that the subject is not Fertile Ground for adult readers. My agent answered the question why by saying when a major publi ....