That now. He wasnt famous. No one knew him. But this is a great song. I hear it once and i like it already. Ive heard this a thousand times. Where . I dont listen to that. I like it. Anyway well hear more about larrys call on ceos to focus on longterm value in a moment. Also its a moment of news makers on the set. Well be joined by Steve Schwarzman and jack and suzy welch will be stopping by. Lets get you up to speed on the markets. Yesterday the markets did end higher. Dow up by 75 points. Things are mixed at this point but the to you pu tours are down by 26 points. Economic data at 8 30 eastern time. Weekly jobless claims plus housing tarts and then at 10 00 we have the fed survey. Its early in earnings season but only three dozen S P Companies reported but of those 80 have topped profit forecasts. Among the names posting results before the bell today we got black rock black stone. Well see steve in a little bit. Citigroup, Goldman Sachs, mattel and health united. United health just
As for revenue at wells fargo, 26 billion seems to be right in line for what analysts had been anticipating. Another number that everyone slowdownn, given the in mortgage lending, is the efficiency ratio it measures cost as a percentage of revenue. The lower number the better. 57. 9 fargo reported a efficiency ratio. Somewhereere looking in the neighborhood of 57 . That efficiency ratio going higher is not the direction you wanted to move in. There was a reserve release. Wells fargo put aside some money to cover bad loans. Bad loans to not come to pass. It will release that money and go straight down to the bottom line of the prophet. In terms of profit. Addressing. A given the jpmorgan put aside more money in the First Quarter. Interesting here, given that jpmorgan put aside more money in the First Quarter. Revenue is in line with what analysts had anticipated. Nets look if there is a number we can talk about. We are still going through the numbers. Lessaside last money money in terms
Landing a job at Goldman Sachs is a golden ticket. It s harder to get hired by Goldman than to get into Harvard. CEO David Solomon says 3,500 workers start this week. He wants them all in the office.
Goldman Sachs CEO sees recession risk as more likely than his own economists kasu.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kasu.org Daily Mail and Mail on Sunday newspapers.