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Why am i smiling, author of upcoming persuasion, lee carter is here, new mom as well. You look amazing. What a day for you to be back, too, i cant wait for calm, rational analysis of the war of words. [laughter] dagen former investment banker and nfl player. Record run, futures are pointing to, take a look, at hope this morning, 16point loss on dow futures, the earning season fully underway, jpmorgan, chase and Goldman Sachs reporting ahead of opening bell while fargo released quarterly number this hour, john, what are you watching for and what are you expecting . I think we will see fairly recent reports, you will probably see Companies Beat expectations, stilet not forget that the consensus view of Equity Analyst is in the Second Quarter we will see roughly 3 drop, ....
Lisa but interestingly, they also took down their loan loss estimate, so that basically speaks to the strong consumer. The question is if wall street revenues dont pick up and trading volumes dont pick up, will it be enough to have a strong consumer to drive Bank EarningsGoing Forward . David it is not just jp morgan. It is also Johnson Johnson. We got earnings from them, and they beat on earningspershare and revenue. 2. 58,spershare was revenue was 22 billion. It was driven by pharmaceuticals, but most of the queries will be about the legal complications from opioids and talchis asbestos in allegation. Lisa it will be interesting how they frame that. David we will have more on j js earnings later this hour with joseph wolk, Johnson Johnsons cfo. Climbing a little ....
Because he kind of got this ball rolling. Earlier on we got stocks hitting new highs as earnings season kicks off. Iting still very early. 5 of the s p 500 companies have reported. Of never less in small pool of names. They handily beat expectations. They were after cheted down. You know how they. Fbn ams lauren lawyer simonetti. Ceo jamie dimon said this, we continue to see positive mope momentum with the u. S. Consumers. Rising wages reflected in our consumer and banking results. The banks credit card sales that division saw doubledigit growth. That stock is up today. Different picture at goldman sachs. Stock trading revenue rose, highest level in four years by the way. Goldman has been investing in the trading technologies, algorithms, but the effort to bulge up the consumer fell short. The stock is up 1. 1 . Johnson johnson down 1 1 2 now. The Company Raised its Sales Forecas ....
American studies welcome back 1st of all countries up on whats happening in sort of the g. 20 pregame sort of speak what should we know about whats happened thus far and what should we be watching for want to really get going. We should be watching for 3 things in particular 1st it is the 3. Meeting and well they can put the create conflict back on the rails and try to reach for a solution. Secondly we should be looking to regard to whether our. Truck we should be looking at the meetings trump is going to have with other major leaders particularly Vladimir Putin i mean they never get to sit down these are the 5 members 2 of the foremost powers on your bill never talk at the heads of state level so thats an important meeting and the 3rd thing we should be looking out for is given american you need actual some real this summit devolve down to 19 plus one scenario which you did to some extent in hamburg germany last time or america 1 ....
Markets where startups and Venture Capital wont even go because dominant players are so big. Now, the committee is saying that it is getting pushback from Internet Companies who allege that they actuallyvation and not well bring you all the latest back to you. Thank you well be back with you joining us to break down the are market action, megan, good afternoon to you lets check the markets. Dow is flat. S p down 0. 03 , and of course any positive close for those three would be a record alltime closing high megan, relative softness today compared to of late. What do you think is driving that part of it is trade we heard words from President Trump around the risk of higher tariffs and that is something that weve been particularly cautious about we did get a trade truce if you will at the g20 but nothing really change ....