Orders thats weighing on the dow nasdaq about 4 itself today s p up about 3 , sara. Weve got big news coming up on todays show. Wells fargo ceo joins us to break down the Small Business loans and impact of pandemic on the bank then later, well speak exclusively with the ceo of Carnival Cruise lines as a they take a huge hit. Carnival shares down about 75 this year. Well have the ceo if and when the industry can get back on its feet with 59 minutes left of trading, lets focus in on the big stories. Wilfred has the news on the Bank Earnings meg with the treatments and vaccines and Steve Liesman wi k34e7b9s from two fed officials. Gl they had opened hirer this morning, jpmorgan and wells fargo. Provisions for potentially bad loans spiked 8. 3 billion for jpmorgan, 3. 8 billion for wells fargo. Even that was not the worst case the ceo said could be higher over the next several quarters relative to what we took in the First Quarter while Charlie Schaffer said it wouldnt surprise me to conti
About the impact later on in the show. Time now for bloomberg time now to dig a look at all the news you need to know, from d. C. To new york. We are joined by bloombergs michael mckee, taking a look at all of the Market Action and economic action out of europe. It was a tough day for services pmis. Michael absolutely, and the charts tell the stories. These were the worst numbers ever for france, germany, and the eurozone, showing the Service Industries worsen manufacturing, and in part due to a quirk in the data. The market, we get pmis at 9 45 this morning. The same sort of data are expected. We also get the Bloomberg Consumer comfort index, the most highfrequency Consumer Confidence data. That has been moved up two days. The crashing of the european economies has revived talk, or pushed, shall we say, talk of stimulus higher up the agenda. German chancellor Angela Merkel has already decided that she is going to establish a Stimulus Program to help revive the economy, and she has put
Talks about us policy in the region and the recent confrontation between the us and iran. Watch booktv this week and every weekend on cspan2. If i could have everybodys attention we would like to get started. I am brian anderson, editor of city journal and i want to welcome you on behalf of the Manhattan Institute. It is with great pleasure that i introduce john tierney, a contributing editor at city journal and coauthor of the fascinating and useful new book the power of bad how the negativity effect rules us and how we can rule it. It is on sale outside the room here. John has long been one of the nations leading voices on the intersection of science and Public Policy and make no mistake, no matter how calmly, reasonably expressed, his is a very contrarian voice. It was johns New York Times column the big city which ran from the mid90s until 2002 that first made me a fan of his work. There he took on any number of prevailing this about cities from rent control to the root causes of h
Silicon valley tGlobal Health cares when nasdaq leading the way while the dow gains 83 points, s p up 6. 7 were here to cheer the most Economic System in history. Capitalism is taking the lumps like since the Great Depression and some is selfinflicted we have real problems with income inequality like the money that boeing was to pay dennis mulingberger can the new ceo change the companys trajectory or a Corporate Culture that seems to have gotten rotten and the ugly emails and it appears engineers deceived the federal regulators about the need for more Pilot Training to handle the maps but they did need training to handle the systems as the company made clear last week. Boeing is not putting capitalism best foot forward here undeniably so. Lets not throw the baby out with the bath water. And that stems from the everything i see happening here in San Francisco now we have a real windfall here this week jp morgan is hosting the Largest Health care con presence of the year and well explor
Havenots in the United States grew last year to its highest level in more than 50 years when tracking income inequality. That is according to figures released by the census euro today. The areas with the most income inequality last year were coastal places with lots about open washington, d. C. , new york, and connecticut. As well as areas with good property, puerto rico and louisiana. Utah, alaska, and iowa had the most economic equality. New protections can be on the way for undocumented immigrants in new york city. The commission on human rights 250d see fines of up to thousand dollars against landlords and employers who threatened to call federal agents on undocumented immigrants. City Officials Say they believe new york is the first jurisdiction in the country to explicitly frame its laws to protect immigrants in this way. Global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is b