I do want to talk about the resiliency of american corporations to adapt and adjust , whether it was Johnson Johnson a bit ago, the seven could jillian dollars the seven gajillion dollars at blackrock. Thenow the story, executable excellence we are seeing in the statistics. It is going to be fascinating. Jonathan it might be too early to say the gloom of pandemic is behind us, but it might be time that we talk about the provision build of these banks. The number comes in at 611 million. I think that is the positive out of this Earnings Report this morning. Talkednali basak really about that being a key statistic, and it is better than good. I go back 10 minutes ago, the idea that they suspended share buybacks, and yet theyve got enormous Free Cash Flow available for Dividend Growth and maybe some share repurchase. Granted, youve got the mystery of what commercial real estate is going to do. Jonathan i imagine their Capital Return Program will change drastically in about 12 months time.
The nasdaq on track for a 5th week worth of gains here and the dow is erasing its losses for all the year at its highest level since late february, its also having its bests august since 1984. We turn to the Investment Committee for this we have just been seeing green, green, green for it seems like weeks, if not nonts months at this point it is surprising the markets have marched higher the way they have over the last several months since the pandemic lows its not all surprising all the factors were looking at from the fiscal side, the monetary side and the virus side are lining up in support of equity just think about what happened with chair powell yesterday and the historic announcement he made about departure from the prior inflation targeting regimes to this averaging inflation concept. What does that mean . That means rate will be low, low, low for the foreseeable future we think thats two years from now. That is very support ifr five f valuations then you have this fiscal stimu
Watching for wild swings right here 10 year yields 0. 7 and thats pretty stable compared to where we were two days ago i checked that, whats the problem with the markets but theres a lot going on breaking overnight, this should have been somewhat helpful you would think. Bank of england announced emergency cut. Lowering the bank rate by 50 basis points to. 25 englands central bank also announced a new funding plan to support small and Medium Sized Companies as well as new steps to help commercial banks lend more well get a live report from london in just a couple of moments. Now an update onthe coronavirus. In the u. S. , confirmed cases have now topped 1,000. Want to get to meg now who joins us with the latest meg. Good morning, andrew, case counts drived to 119,000 overnight with almost 4,300 deaths among the hardest hit countries, italy, iran, and south korea and they tell dramatically different stories. Italy reported highest daily jump in deaths yesterday to more than 600 of more
And featuring the legendary roots crew questlove tarantino steve and now, here he is, jimmy fallon [ cheers and applause [ cheers and applause jimmy thank you very much. Welcome, everybody welcome, welcome, welcome, welcome, welcome to the tonight show. Youre here. [ cheers and applause you made it. Thank you. Well, guys, lets get to some news thankfully, everyone is fine but last night iran fired 22 missiles at two American Military bases in iraq its pretty scary. One soldier said he hadnt seen a bomb that big since the movie cats. Steve oh [ laughter ] jimmy things are things are so tense right now, President Trumps skin went from being on orange alert to red alert. Thats right [ laughter ] during the attack, the hashtag iran versus america was trending on twitter. Its good to know that when a war breaks out, we treat it the same way we treat bb8 versus baby yoda. [ laughter ] and this morning, trump gave an address where he talked about the attack but before he even said a word, his
and give it some chili pepper. advertising is based on one thing, happiness. is there any taboo that you wouldn t break? not if there was a funny idea. what is wrong with you? there s so much different storytelling, and so many different stories being told about so many different people. i don t think dramatic series television has ever been stronger. there s no longer this theory of what popular entertainment must be. incoming! who are the heroes? the people who watch this show. this is the week when the major broadcast networks unveil their full lineup of shows. and every executive in hollywood knows how well the sopranos is doing on cable, which is a network problem. i think hbo altered everything for this reason alone, is there were no commercials. we are dependent on sponsors. right. there is so much we can do in terms of language, in terms of violence, and in terms of sex. to a large degree, a lot of executives were just sanding off the edg