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Jcpenny and nordstrom reporting. Expected in just a few minutes, well be bringing to you. And pixars new films. First up. Lets talk about the markets with david rosen berg, the chief economist at gulskenshef. Good morning. Put the weekend into perspective. We have macro numbers today but still the discussion remains even though there was a quiet overnight in china. What theyre trying to do and if its what weve been asking them to do for decades. You know whats interesting . Everybody talks about how it comes as a surprise and practically every Economist Says ive been calling for this all yearlong. I think this is not a repeat of 1994 when china devalued 30 and ultimately touched off the asian crisis a few years later. This is more strategic in the sense that really the bigger story is not really the devaluation but the move to allow Market Forces to play a greater role in dete ....
Together the sequence of events here. Now its about 8 00 this morning when police got a call for service. They were brought here to byer street in the Bradbury Heights section of Prince Georges County. When they came, they encountered two armed men. Police say that shots were fired, and one of the suspects was hit. Now officers performed cpr, but the man did die. Now a second suspect tried to run away, but was caught and is now in custody. Police did recover weapons from the scene. No officers were injured in this incident. But certainly early in their investigation theyre going to be here for a while. For the time being the road is closed and we are expecting to hear from the chief at some point this morning. Back to you in the studio. Im molette green with breaking news out of germany. New evidence linking a Chr ....
Plus more ceos head to trump tower. And another automaker, another emissions probe. We will fill you in on that. But it is all about the banks this morning. Wells misses, j. P. Morgan beats, b of a posts some mixed results. Jim, you just tweeted enough with the binary trade. What do you mean by that . Were in a difficult situation here because there are people whove been saying the banks have run up so you got to sell them. Thats trader talk. When i was at a hedge fund i would say ill put out bank of america at 23 buy back at 22. 88. These are unbelievable quarters, theyre unbelievable because theyve become growth stocks, cocacola, they do not have the ability to run this organic growth. These are remarkable quarters and we just started. Bank of america haechbt seen the gains yesterday. Numbers im looking at ive calculated 100 basis points in fed increase, you get 3 billion more. Just added on. Do you think that Proctor Gamble can ....