Cable up by. 3 . Hit sofutures, tech got hard yesterday, we are getting a bit of that back. David oil traders around the world are heartbroken. You have thrown them over for going. It is all jonathans fault. Ok, parliament is debating President Trumps controversial tweet. The president was wrong to retweet antimuslim videos from a far right group, britain first. Earlier, the president tweeted that Prime Minister theresa mays focus should not be on him but on the threat posed by islamic terrorism. The synod is moving toward a final vote on the massive tax overhaul bill as early as today. Lawmakers voted along party lines to begin the debate. That doesnt necessarily signal that Republican Leaders have the authority votes they need. Theenate republicans passed tax bill, they still have to hammer out differences with the house version. Oil prices are edging higher hours after opec meets. The cartel and russia are ready to extend production curbs until the end of next year. The goal is to f
Bank of america, saying they expected benefit from higher Interest Rates and a lower Corporate Tax rate. Brian moynihan says that pretax earnings rose year on year. There is what it is doing, up by 3 10 of a percent. Not Much Movement either way. Allison is joining us. Surface this looks like a pretty solid report. Walk us through it. Allison still going through the numbers, but so far so good. Trading is a number we always look at, a little bit better. Fixed income is a little better, equities a little better, in banking they had a oneoff charge. David who do we think that might be . 880 million driven by a single name, nonus commercial chargeoff. David South African maybe . Alix steinhoff . Allison and i guess the surprising thing would be if you did not see it. Alix it is exposure i think. Allison we were joking the other day, the term episodic, but that is a better term than a oneoff or not occurring, because it is the cost of doing business. David the other thing we do not see is
Years women arguing that we need more grant money, more donor financing and that has all been great. What we knew the Human Capital project is to say look ministers of finance, we will put on a ranking of where you stand in terms of your stock of Human Capital and what you are doing to increase your Human Capital. And where you come out on this list may very well determine how quickly you grow. The dynamicange from one in which the developing countries wait for the supply of funds to come in which they are demanding the best way to improve Human Capital. Tom take that over to myanmar, how does the world bank as this china ms. Institution, how do you deal with one country whether its a border of turkey or syria or what weve seen in myanmar . We are very concerned about what happens. Very specifically what we are ourg is we are continuing lending for programs on health, education, social protection. We are very focused on supporting the poor in myanmar. Which wer operation cant go forwar
Not Much Movement on the face of things. Julie we are seeing another very tight trading range just as we saw, yesterday. Fiveandahalf and a half points is the swing in the s p 500. After a record close yesterday for all three major avenues, any gains today would mean records once again. We are watching the fallout from that executive order on health care that the president just signed and we are seeing a mixed impact. You are some of the hospitals. Here are some of the hospitals. This executive order will create tremendous uncertainty and risk for managed Care Organizations in individual and small group markets, but at the same time, it is going to take a wild to write the rules to comply with this order, and it really is a small portion of the Overall Health care market. That said, we are watching hospitals and the Insurance Companies that are exposed to medicaid. Down, we areing also watching outside of the health care story, what is going on with oil because we had a interesting Wee
We get adp, weekly initial jobless claims and trickling out all morning, may auto sales. Fracturingsn and you manufacturing results. Jonathan for the last 24 hours its been all about the financials. Declining trading revenues. 3 wall st executives in 24 hours went into inspect haitians expect expectations management road. Mode. Jpmorgans cfo at good the sentiment. Bloomberg spoke with james gorman who is knowledge to he is seeing a similar trend. I think it would be hard to be anomaly. Have similar kinds if not the same in some cases. Theres enormous uncertainty which typically would read tremendous volatility and its not. Its was very passive perspective. The Downside Risk at this point is up weighing the offside risk. Now,han joining us Charles Peabody. Lets just begin with you very quickly. Anr take on what seemed like orchestrated move by 3 wall st executives to come out and temper great expectations. I think the expectation was that we would have some sort of seasonal slowdown. Th