Our top story, jp morgan setting records. Tuesday, reporting the best year for any bank in u. S. History. Shares jumped in the fourth quarter, ruled by a rebound in trading. Joining us to discuss, bloombergs sonali bostic. It seems like humans at least stand another chance against the robots that had been threatening so much of the trading business. Sonali even though there are humans involved, remember that jp morgan among other banks are working very hard to make these businesses much more electronic. Almost every part of these banks are being transformed by technology, except the m a rainmakers we really need the relationships to make a difference. If you talk to anyone at jp morgan, the ceo definitely says that they are just at the early innings in terms of what technology can do for them. That is with the nearly annual 12 billion spend on technology. Taylor we are only in early innings of that transformation from technology. What do we do from that retail visible presence . Sonali
Investigation into president trump, Russian Hackers went after the company at the heart of it all. Our top story, jp morgan setting records. Tuesday, reporting the best year for any bank in u. S. History. Shares jumped in the fourth quarter, ruled by a rebound in trading. Joining us to discuss, bloombergs sonali bostic. Humans at least stand another chance against the robots that had been threatening so much of the trading business. Sonali even though there are humans involved, remember that jp morgan among other banks are working very hard to make these businesses much more electronic. Almost every part of these banks are being transformed by technology, except the m a rainmakers we really need the relationships to make a difference. At jp talk to anyone morgan, the ceo definitely says that they are just at the early innings in terms of what technology can do for them. Annual with the nearly 12 billion spend on technology. In earlye are only innings of that transformation from technol
Stock exchange joining us this morning, a former chief digital officer of new york city. Great to have you here at post 9. We should mention the president has signed the 1. 5 trillion tax bill into law. We will see that in just a few moments on tape playback, so keep that in mind. Dow is down 29 bitcoin hitting a record high on sunday from the peak, recent peak at least, bitcoin has lost about 121 billion of its total market value in less than a week, although, mike, you say along with plenty of others that comparing market cap and this instrument to other things isnt necessarily smart. Just a snapshot, so clearly, you know, you wouldnt want to say that much value was wiped out. You didnt exchange that many dollars for that much now lost, but still a big number, big decline. I have to know where youre coming from on bitcoin right now. Well, its one of those things people are not sure where things are going, and i just tweeted someone who said everybodys talking about bitcoin the way in
Allow the rally to take place and to take the street today. The Largest Police actions were recorded in st. Petersburg and moscow. He was arrested by police as he apartment. Scow hundreds of people stood shoulder to shoulder outside the pulse nightclub in orlando, florida, early this morning, remembering the 49 victims killed there when you go. Then he Malaysian Ringgit was read aloud beginning at 2 02 a. M. Local time. The shooter pledge allegiance to the Islamic State during the attack and was killed by police during issued out after a threehour standoff. Globaglobal news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, i am julia. Scarlet i am scarlet fu. Joe i am joe weisenthal. We are 30 minutes from close of trading in the u. S. U. S. Stocks in the red for the second day running. Joe the question is, what did you miss . Scarlet not rated by the a
Im seema mody in for sara eisen. Great to have you with us with us forever the rest of the week good to be here im here thursday. Im off friday, which is nice indeed straight to the Global Market picture. Futures pointing higher. A decent day on wall street. About a half percent of gains for the s p and dow. The nasdaq led the charge higher by 0. 4 . An important rebound for the tech sector after two sharp days of selling during those two days, the other sectors did not follow suit to the down side and the down side for tech only a twoday occurrence the nasdaq the best performer up 0. 7 yesterday for the s p, 10 out of 11 sectors positive only telcos down the dow is up by 20 points Oil Prices Falling on a surprise build in api crude inventories and a new report from the iea saying demand growth wont accelerate until next year we have about a percent slide in im prices bang on 46. It was down more like a percent and a half so we stemmed some of those losses this after a threeday gain fo