ago from the jp morgan earnings. we will get right to it on radio and television. wall street is booming. lisa: yet the picture for mainstream is uncertain. one of the most notable aspects of this report that was stellar on most aspects was the increase in credit loss revisions for the fourth quarter. about what people expected. interesting, income coming in better than expected. trading revenues better-than-expected. $1.4 trillion of cash. tom: it is killing me to see the moonshot of jp morgan coming out of this pandemic. last time that i saw jamie dimon, i said do not release these earnings at 6:58. so much for him listening to me. [laughter] we will get to that in a moment. sonali basak is here to save the day, our lead wall street reporter. sonali, 24 reasons for mr. dimon to celebrate today. sonali: he has a record profit of $24 billion-and a reserve takedown of 2.9 billion dollars. another thing that can be concerning. but he is saying, do not consider those as core or
and maybe the united kingdom, today the ecp meeting is a focus ecb meeting is a focus for america. i have to go to the real yield and i do not know i do not mean your platform, i mean the 10 year inflation-adjusted yield. point 005%.ve one look at the german two year that screams disinflation. jonathan: i will take the promo and build on it. we have talked a long time about rates low for longer and we have to talk about financial conditions easier for longer, that has to be the message. focus on our commitments and the duration in this market with metrics max flexibility. that will be the story worldwide. tom: i make jokes about it. johnny could not get a beer in frankfurt the first time he did his work on ecb meetings. how close to japan, tokyo is christine lagarde? jonathan: in terms of the bond market and amount they are buying? everything coming out of the beiphery, net issuance, will bought by the ecp. ecb. net supply coming out of europe, most of it will get suc
the cigarette issue here is the dynamics of the polls. i will be honest, i m confused. i have people saying it has gone better for joh joe biden in the last 12-18 hours. others saying that. trump has done better in the days.hree or four jonathan: one thing we have not mentioned in the last 60 minutes, and i will mention it right now, tom, nashville. one of us out of the theory has actually played and entertained an audience on guitar and the microphone down in nashville. tom: let me set that up for you. [laughter] belmontthis is university, which is a christian school but has been dis- affiliated a little bit from this history points. it is a spectacular music program that the two candidates defend on. what is important is not so much the distance to auditorium, the distance to the grand ole opry outside nashville, or even to the acclaimed bluenose café. it is two blocks from the pancake pantry. and that is all that matters. jonathan: that was the perfect what do you call it
return.cellent huge same-store sales beat at home depot. now walmart out with a digital 97% at theirup online stores. granted, it is a different a different mix than home depot. a stunning statement from the traditional of england, where i believe one and in will be shown the door. anna: they are hoping to do this through voluntary redundancies and retirements and the like, but they got to get to that number. food was a bright spot at marks & spencer s. obviously, the online shift on all of these retailers has structurally been dealing with pre-pandemic comes with costs as well for retailers. they need to reposition their businesses for a new world. tom: it is a really complex tuesday here on our simulcast. we welcome all of you on bloomberg radio and bloomberg television. futures up eight. the vix is a stunning 21 .22. unimaginable weeks and months ago. really noting dollar weakness at 92.ith the dxy give us the themes that you see this morning. get to the week as well. we
steer the country s recovery. on markets.check the s&p 500 up 1.8%, being led by the energy index, even as oil reaches for a 17 and all. handle. the dollar index close to 100 again, 99.77. let s get to abigail doolittle for a deeper dive into the markets. abigail: stop gains on the days certainly stand out, possibility of the reopening guidelines from president trump. but what stands out more on the declines in crude oil. here is an intraday chart, down 7%, down much more before. this is the first month contract which expires next week. contract, june, is closer to $25, so this may be temporary. nonetheless, crude oil reflecting the demand picture shrinking on the coronavirus crisis. it is a tell as well on risk appetite. the need the surface for the s&p 500, the sector composition is interesting. consumer discretionary helped out by a lot of those faang stocks. health care is also solid. gilead sciences with some good news on a drug that may be helping. in real estate, lot