I came away with a couple different impressions. First of all Artificial Intelligence was everything. Every panel, every roundtable, every discussion centered around Artificial Intelligence. People like to raise Artificial Intelligence really when its not even speak as we believe this but you can finishwatchingd take you live to discussion of the Banking System and Financial Services sector with Bank Executives and former regulators. You are watching live coverage on cspan2. 1300 bankers state Association Leaders independence day. Even more watching on our liveke out of your busy schedules to add your voice, your advocacy efforts. I also want to walk members of the media who are joining us, and i would like to extend a special thanks to the members of congress, regulars and other es our program over the next few days. This event is all about advocacy. Its about dimmest setting to the policy community that bankers are committed to working constructively toward a policy environment that
Us in a couple minutes. Plus, nova nordisk is experimenting with an obesity drug. And big tech struggles. Apple, those shares are looking for a bounce after a sixday selloff. Tesla, similar story. No longer one of the most valuable s p 500 companies. Lets begin with the 1 billion Equity Investment led by liberty strategic capital. Hes going to join us in a few moments. Got some clarifications today. More data on deposits, the percentage that are insured and so forth. I think its important to know when the former secretary of treasury did a previous deal, which was a deal involving a bank that really was one of the worst run banks in the country, came in, had the bid that was best for the ftic. The cover bid, much lower. It ended up making him a lot of money. Thats being dredged up as somehow against him. The reason i mention that is because the risks may even be bigger here. If only just because were dealing with so many rentcontrol units and the law changed ip2019 to make it so those
No leader should meet them. No country should harbor them. And and those that do should be sanctioned. Maria and that was the Prime Minister yesterday with anthony if blinken on the ground in israel as the israelis are gearing for a Ground Invasion of the gaza trip. They are asking gaza residents to leave immediately and head south. Alon, thank you for joining us this morning. Thank you. Maria and join fox in supporting the Israeli Emergency Fund in association with the united jewish appeal. Just scan the qr code that youre seeing on the screen here or donate at ujafedny. Org. We want to take a look at markets here, and the earnings season as well. Citigroup is hitting the tape. Were going to get to cheryl momentarily to get that. We are looking at the Bank Stocks Among the volume leaders. Cheryl. Enter all right. Just getting these numbers in here, maria. Lets start with earnings per share on citi, 1. 63 is the earnings per share. Thats a really nice beat. Excuse me. So thats actually
Bloomberg surveillance. Manus is in the hot seat. We have cpi, ppi coming up next on the late. Because Bank Earnings we have Bank Earnings. Manus when the call ended at this morning to join surveillance, what a moment. No guidance is going to be revised higher because we are in a higher for longer weight. But going to jamie dimon says come he is not completely sure. 70 to 80 chance the market thinks there is a soft landing and i think the odds are lower. What is the rhetoric and guidance . Lisa that is what people are going to be watching for. We are expected to get jp morgan, wells fargo come at it click get citigroup. Markets are fascinating because we are looking at a situation where bonds are stuck in everything are still kind of really reeling. It raises a question, is this a market that can withstand peoples where they are withstand yields where they are . Annmarie and you siemens coming out about this no landing scenario. The reason earnings is so important is because of the dat
But she is our youngest justice. And do any of you think that these kinds of things could have gotten into a Supreme Court opinion 30 years ago, 50 years ago at all . Did they have similar . Rehnquist quotes gill better and sullivan. Not totally different. I guess thats his version of an pop bapped. For 50 years ago touf ask tony or david. Thanks, bob. We cant remember. Weve talked about what good questions Justice Kagen asked and Justice Ginsberg asked. We passed yet another term with no questions from Justice Thomas. But he did Say Something one morning and it created quite a irestorm in the press. Are you up to date on that . I remember, we all kind of and the press gallery looked at each other and, did he really Say Something . It was hard to tell. T was sort of a quip made in passing. But he was he leaned toward the microphones, which certainly seemed like he intended it for it to be heard. And this was a case that actually ended up getting dismissed, boyer versus louisiana, about