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Thousand. U. S. Infections rise more than expected. Asia, a second wave is coming. Japans biggest banks are expected to join their global counterparts in bad loan costs. They could see the highest in a decade. Take haidi lets take a look at how we are setting up our final friday session. Positively from wall street after a pretty volatile session. U. S. Stocks faltered early on when President Trump said he was not interested and did not want to speak to xi jinping about the simmering trade tensions. In the beatendown bank stocks as well as energy names gaining on account of this jump we saw in crude prices. We are setting up positivity. Futures, both in australia and hong kong, and also in japan, setting up for a higher open, sophie. Ishie President Trump ratcheting up tensions with china amid the coronavirus and trade war. This is what he said about talks with xi jinping. ....
Is this another sign that the postpandemic travel boom is running out of gas im melissa lee, this is fast money, were live at the nasdaq ma marketsite we start off with a huge slate of earnings. Apple and amazon headlining the afterhours action. Full Team Coverage on all these names. We start off with steve kovach and apples big quarter. Steve . Yeah, melissa, it is, like you said, the Third Quarter in a row of falling sales, with revenue still beating estimates, but down 1 year on year so, revenues coming in at 81. 8 billion, street was looking for 81 p . 69 billion and the eps was a bigger beat, 1. 26 versus 1. 19 expected. Iphone, slight miss, coming in at 39. 67 billion. Just a couple hundred mill short of expectations there. But the story today is going to be services. Hitting a new record of 8 year on year. Growth accelerating there, booking 21. 21 billion in revenue ther ....
But there is a weight given to cost . Im sorry . There is a weight, there is a consideration gifsh to costs . Whenever we do regulations theres an evaluation of costs and of benefits. Okay. I guess that thats im about out of time anyway. Morgan stole some of my notes and asked some of my questions. So anyway, with that, mr. Chairman, i yield back. At this time the chair recognizes the gentleman from texas, mr. Flores. Thank you, mr. Chairman. Ms. Mccabe, thank you for joining us today. How does the market price risk . If you know something and you know what the cost is of something, it has a price. You know that price. But if you dont know something, then the price is higher because you have risk, right . Um yes, okay. In 2010 the epa, when they proposed going to 60 parts per billion, said that that would cost 90 billion. Cost the economy 90 billion. In 2014, you reduced it to 40 billion. What happened over that fouryear period to make the cost go down . So, i think what youre comparin ....