Good morning. Im wilfred frost alongside Courtney Reagan in for sarah today. Good friday morning to you. We made it. Its friday. Nice friday song in the background for us. Sarah will join us later this hour with a preview of her exclusive interview with treasury secretary jack lew. She canceled todays holiday for this interview. Well worth it. It shows shes willing to cancel a days holiday for jack but not me. Try not to take it personally. I cant, its impossible not to. All of our viewer also watch that later starting from later this hour at about 5 45 today. Lets check in on markets at this hour. Yesterday was a disappointing day for markets. Down about a quarter to a half percent yesterday. We came off the lows for the day. The week as a whole, the dow down about 1 . Yesterday the banks were the worst performers. As you can see, we expect a bounce this morning, relatively small bounce. The dow called higher by 41 points. The s p 500 by 3 1 2, the nasdaq by 7 points. The tenyear trea
Speaking out after abandoning his potential mega deal with allergan, calling out the treasury in an op ed. And jeff immelt taking on Bernie Sanders in an op ed of his own, saying we create wealth and jobs instead of just calling for them in speeches. Lets take dimon first. Jpmorgans jamie dimon warning increased volatility is likely to stay. He writes, the good news is that the system is resilient enough to handle the volatility. The bad news is that we dont completely understand why this is happening. Dimon discussed the banks healthy Balance Sheet, showed some disappointment in the Stock Performance compared to the benchmark over the past decade on the heels of that journal op ed the other day. Look, he talks about what the Balance Sheet really means. Best line in the letter was, you can see in the table below that Jpmorgan Chase alone has enough loss absorbing resources to bear all the losses assumed by the 31 largest banks in the u. S. Thats the good news. Bad news, you know there
Madeline albright. Black stones president , tone know james, and well cap it off with dpaer white along with Actor Matt Damon. So we have a lot to do today. Lets talking about breaking news overnight. American fighter jets going into syria and bombing isis targets. The u. S. Did warn american fighters in advance. Five arab partners are involved. The pentagon confirms they went after 20 targets. Fuel depots, weapons spots and traini ining sites. Israel shot down a fighter jet after it entered air space. Oil prices are rising. Joining us now, retires u. S. Army current jack jacob is here. On the set with us, chief washington correspondent john harwood. Colonel, i will start with you. The implications of this coming much kicker than i think some people expected, no . Yes. Its developing relatively quickly. The problem with syria is the entire armed force system has been under pressure that it is totally incorporate nated. It is possible the syrian aircraft lost its way. It doesnt make a l
We need not entirely abandon our Current System in favor of a fundamentally different system. Limiting deferral and lowering the statutory rate would generally reduce incentives to shift income, eliminate the implicit cost of avoiding repatriation and reduce complexity and uncertainty for firms. Thank you, and i would be happy to answer any questions. Dr. Robinson, thank you. Our final witness, mr. Alan sloan. Chairman wyden how do you do this . Its on. Chairman wyden, Ranking Member hatch, members of the committee, im flattered to be here, and im honored especially pleased to be hitting backup cleanup, which is my normal role in journalism. Before i proceed, i have to say that im speaking for myself alone. Im not speaking for fortune magazine, my employer. Im not speaking for fortunes owner, time, inc. , im not speaking for the Washington Post which has run by material for more than 20 years. I, like senator hatch, am appalled to see that inversions are becoming a partisan wedge issue
Democrats 202 5853880, and independents, all others, 202 5853882. You can send us a tweet. Or you can go to facebook. Com, or send us an email. Before the house acted on their border legislation last week president obama held a News Conference on friday, and this is what he had to say about executive action. We all agree that theres a problem that needs to be solved in a portion of our southern border. And we even agree on most of the solutions. But instead of working together, instead of focusing on the 80 where there is agreement between democrats and republicans, between the administration and congress, House Republicans as we speak are trying to pass the most extreme and unworkable versions of a bill that they already know is going nowhere. That cant pass the senate, and that if it were to pass the senate, i would veto. They know it. Theyre not even trying to solve the problem. This is a message bill that they couldnt quite pull off yesterday so they made it more extreme so maybe t