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to their higher product pricing. they implement it higher product pricing to mitigate the tariff issue in the marketplace, and that had an impact on their sales. that s three through on tariffs, not being able to pass along prices, and having an impact on sales. david: and it hit their margins. there was also going to be margin pressure. the question is what it says more broadly about industrials. they say they think the economics are ok. alix: as long as their margins might not be, but overall economic activity ok. news comingve some out of delta, up in the premarket. it s raised its earning per share view. forecast now earnings-per-share, but i do not see their earnings. alix: it seems like you have full year earnings at the top end. they are upan see almost 2.5% in the premarket. alix: people are traveling. they are moving. david: good for them. alix: which i will be doing tomorrow. in the markets, you are also looking at day two of fed chair jay powell. this is a classic
NorwayNew-yorkUnited-statesLouisianaMalaysiaGeorgiaJapanUnited-kingdomIranChinaSyriaTogoOur Federal Reserve doesn’t control events around the world, like a ship being stuck in the Suez Canal, or the current Red Sea geopolitical aggression, which can impact our inflation rate or how much money companies or individuals earn. The world changes. What was it like going to a concert 60 years ago? This will give you an idea. Concerts have become huge moneymakers. Along those lines, but in a different industry, the Financial Times reports that JPMorgan took almost a fifth of total US bank profits in the first nine months of 2023! Too big to fail? For those playing along at home, the ten largest banks, when that concert was filmed, were Bank of America, Chase Manhattan Bank, First National City Bank of New York, Chemical Bank New York Trust Company, Morgan Guaranty Trust Company, Manufacturer’s Hanover Trust Company, Bank of California, Security First National Bank, Banker’s Trust Company, and First National Bank of Chicago. Now the list is JPMorgan Chase, Ban
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