Live Breaking News & Updates on Jaffer Jamil

Stay updated with breaking news from Jaffer jamil. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Transcripts For BLOOMBERG Bloomberg Technology 20240713

White house briefing. We will be monitoring that for any headlines as they come. Shares of the biggest banks, citigroup and bank of america, plunging today after disappointing Earnings Results revealing just how hard the pandemic is hitting them. Goldman shares ended the day up. Their portfolio took a big hit. Joining us now, sonali. Walk us through these big loan losses and why did banks do so poorly today . Sonali these loan losses are the number one reason we are seeing issues at the big banks. This might get worse in the coming quarter. Let uncertainty as what is making investors nervous. When you go to bank of america, they expect they are considering what a recession would look like into 2021. You are drawing out time frames that go well past a couple months that people expect the economy to be closed for. The banks are factoring in the reality that the American Consum ....

New York , United States , New South Wales , Tel Aviv , Bloomberg Emily , Jaffer Jamil , Emily Chang , Andrew Cuomo , Joe Biden , Citigroup Bank , Earnings Results , Number One , Look Like , American Consumer , Pay Back , Getting New , Millions Companies , Companies Across , Smaller Companies , Companies Much , Goldman Sachs , Goldman Sachs Morgan Stanley , Sachs Morgan , Morgan Stanley , Department Cables , Wuhan Lab ,