clientes de bajos ingresos reclaman a bank of america.menzamos. ♪ ♪ locutor: este es su noticiero univisiÓn edición nocturna con ilia calderÓn y enrique acevedo. ♪ arantxa: buenas noches. inmersos en pÁnico y despavoridos, decenas de estudiantes corrieron por su vida en una escuela secundaria de kentucky con uno de sus compaÑeros abriÓ fuego dentro del plantel. se trata de la primera balacera portal registrada este aÑo dentro de una instituciÓn escolar. viviana Ávila nos tiene lo Último de la investigaciÓn. viviana: el estudiante josÉ quintana de 16 aÑos qquien cursa noveno grado, narra la aterradora experiencia que viviÓ dentro de la escuela secundaria marshall county. >> en la maÑana entre a la escuela y me fui a la biblioteca con mis amigos. estÁbamos hablando ahÍ y se escuchan tres truenos. yo pensÉ que eran cohetes. veo la pistola y le corrÍ yo y una amiga. viviana: dice que se cayÓ dos veces hasta que se pudo parar e ir a un lugar a salvo. >> me encerrÉ hhasta que los policÍas acabaran de buscar. >> mire la pistola pero la cara no l

banks. the other thing i would say in terms of fixed income trading and the business, bank of america has a more credit -- versus other banks, that is outperforming over the past year. last year it was the currency in rates business that was stronger. those are really the forte of jpmorgan and bank of america also strong in that. but more u.s. focused and credit focused, so sometimes we talk about market share gains, but the charles' point that is something you can see only over time, but quarter to quarter it could be the shift of what is performing and what is not. alix: what about goldman sachs in 25 minutes? charles: let me mention one thing on david's question. the billion dollar charge of provisions, pretty much in line with expectations, but it still probably is half of what a normalized provision will be once corporate credit starts to normalize. they are benefiting from benign creditthey are benefiting from n credit cost right now. in terms of goldman, the question on goldman sachs is really what is going on with their trading business, particularly commodities. my understanding is

also a mixed quarter for bank of america. reporting quarterly profits of 70 cents per share. revenue, however, was slightly below forecast in the meantime, we also want to head over to the breaking news desk where wilfred frost has some more details on the bank of america. wilf. >> that adjusted eps number is a slight beat. like all of the banks, quite a bit lumpy. still, that adjusted eps is a slight beat. the main standout of that performance is the trading performances i mentioned moments ago, down just 9% year on year citi and jpmorgan were down mid to high teens. 16 and 17% respectively. we break down the trading, it was a 13% decline in fixed income equities was flat. how goldman sachs stacks up on that measure will be absolutely fascinating at 7:30. trading for goldman sachs is under 40%, just under 40%. it's about 15% now within sort of related trading but come out in loans, they have this same similar single client write down for bank of america it's 292 million we talk about this for citi. we talk about it for jpmor

but we're really pleased, we have a great banking partner in bank of america. our guy, he takes care of us in many, many ways and if you -- i'm not going to tell you the numbers but they're staggering, a lot of bank of america money is going into this transaction. we're pleased for arie to be with us today. thank you. welcome. >> thank you jane. so it's a pleasure to be here today. and first i would like to thank all the other great partners who are part of this great project, mercy housing, san francisco housing association, california housi housing growth council and the mayor's department of housing and acting mayor breed and late mayor lee. obviously there was a huge loss when we lost our partner in crime mayor lee who has been the affordable housing mayor. it's hard to go to these events and not see him here with us. and not know that he is just -- he is missing the event hanging out with michelle obama, which i think happened a couple weeks ago. we invest over $4 billion last year in affordable housing. when we make decisions on where the money is going to

of the most powerful women in u.s. banking. erik: she is indeed one of the most powerful women in u.s. banking and she's anne finucane of bank of americavice-chairman. anne: thank you for having me. vonnie made mention of the fact that we've had tax reform, the signature achievement on the economic front of president trump's first year in office. politics and policy are often important to a bank. going into year two of the trump presidency, what are bank of america's policy priorities? anne: we want to actualize what just happened. tax reform as opposed to some other things. the tax reform, we see huge opportunity there for our customers and companies. we want to see what we can do in that regard. secondly, we are certainly looking at and hope for infrastructure, some change around infrastructure. that is certainly needed in the u.s. what about as far as regulation is concerned? how perceptive are members of the administration? we've heard from secretary mnuchin. rollback --ulatory anne: it might go a little differently. i don't know that i would see a rollback of dodd-frank. i see an interpretation of dodd-frank in a way that the orig

how about bank of america. i thought this was one of the best quarters from anyone in the group. bank of america is one of the financial markets you want to own. they have a jigigantic deposit base citigroup, always going to be considered noisy but i think it was a decent quarter. alone growth is encouraging. wells fargo disappointing. the company is still in the process of cleaning up its reputation after cross selling scandal. hence the decliningnet interes decline numbers. the company saw a big pick up in cost thanks to litigation expenses, wells, i am going to call it my least favorite. when you are trying to value the bank stop the key metric is tangible book value. jp morgan and wells are the most expensive. bank of america cheaper, citi is the cheapest my view, jp morgan remains best of breed you can follow along if you want the best play on rising interest rates, go for bank of america. best value of the group is citi. as for wells, out of the woods, but i prefer the others. they are all cheap so it is a bit like splitting hairs let's talk about goldman sachs sold off and

i like the course of action of bank of america. i know this is not terrific to talk about but there is a tremendous amount of option of the mobile and mobile is very good because it allows you to have your people at a branch to be selling products and the actual kind of just high cost cars that's being shipped through your mobile. i am not mobile. >> i am not mobile either. social security concerns sometimes. >> if you talk to the guys in the fbi, they'll say don't do anything online. >> what do you call that, head of the fbi >> you do it all in cash at the teller >> when i talk to these guys >> yes. >> ibm doubled up great today >> that's right. >> and barclays. that's why i get up at 3:30. >> are they kid sding >> let me just see that. >> whei am giving a bridge, you have to put all of these together >> they argued the decline in revenue may end soon >> yes, the main cycle has ended and they're doing quite well are we going to hear from watson dl >> watson can sit right next to us and do nothing. you don't go from bad to good unle

so we got some indication from bank of america. that company says they feel optimistic. they may be able to maybe have some problems with repatriation of earnings and in taxes, but in general, probably spending more. shery: but bank of america still has a long way to go when it comes to cost cuts. >> they had this target out in 2016 when they had high expenses. they wanted to get out to $53 billion in annual expense spending. they did not get there for 2017, but they were not anticipated to get there for 2017. in 2018 they do expect to be able to do that. and that is really not even thinking about any impacts, any positives that could happen from the tax bill. vonnie: goldman sachs president got into a bit of a problem. there is an indictment and somebody is being accused of something. >> nothing to do with trading or banking. david is the president of goldman sachs. the reporting we have from our legal reporters, he had a former assistant who was supposed to be charged with receiving his wine shipments and transporting them off to his wine cellar. this person, according

we have a whole string of bank earnings this week. bank of america, citigroup, among them. tween j.p. morgan, cheese, and wells fargo, indicating that hey, this tax overhaul is huge profits for us. they combined a multibillion-dollar profit for alone.wo banks a bullish push, if you will. in terms of you go data, we have reports on home construction and factory activity. in terms of home construction, we have had around of frigid weather in the u.s. that has believed to hurt some of the construction efforts. it is also said to have a chilling effect on shoppers going out. you will likely see those numbers for housing starts down. in terms of senate -- sentiment which we would later, that is expected to tick up. the oil direction will continue to be a very big focus for traders particularly currency traders. if we look at the bloomberg, g #btv 558, it is nearing 70 again. now nearing 65. that is significant. it is interesting to note that there are many u.s. current commodity traders who are concerned that oil has moved this high, this fast. there is some concern that even tho

mastercard, $4 billion, bank of america $5 billion, pfizer 10 billion, wells fargo $22 billion.many, many more. $100 billion have been announced in stock buyback since the senate announced its tax bill. when many learned that some are not getting anything, some are getting raises, and the rest are getting crumbs, and big corporations and wealthy individuals are getting nice big fat pieces of pie, they are going to be outraged. my majority leader will not brag about the stock buybacks. he will, however, announce when a company gives a bonus to its worker. let's hear both sides and let the american people judge. bonuses are a good thing, but the truth is these one-time bonuses are a drop in the bucket compared to what corporations could be doing for their workers. and, by the way, not only were these buybacks, let me announce pa few other things that the -- a few other things that the corporations did after the tax breaks. when bank of america announced their news -- when pfizer announced it $10 million buyback, it would not research alzheimer's, laying off 300 people. wells fargo anno

mastercard, 4 billion, bank of america, 5 billion, pfizer, 10 billion. wells fargo, 22 billion. the corporations and individuals are getting pieces of pie. they are going to be outraged. they are already. he will however announce when a company gets a bonus to the worker. the truth is they are a drop in the bucket compared to what the corporations could be doing. not only were these buybacks. let me announce a few other things the corporations did add to the tax break. when bank of america announced 5 billion in stock buybacks they also announced they started charging customers. when pfizer announced its 10 billion buyback it said it would no longer research for alzheimer's or parkinson's laying off 300 people. helping the wealthy shareholders at the same time it's closing 800 branches. bank obank of america's bonusesl cost 145 million in 2018. in 2018 from theom lower 21% rae and the bonuses will cost 300 million. a fraction from the single provision of the law which allows it to be turned earnings held overseas at less than halfn the rate it woul that would havd him old system

mastercard, $4 billion, bank of america $5 billion, pfizer 10 billion, wells fargo $22 billion. many, many more. $100 billion have been announced in stock buyback since the senate announced its tax bill. when many learned that some are not getting anything, some are getting raises, and the rest are getting crumbs, and big corporations and wealthy individuals are getting nice big fat pieces of pie, they are going to be outraged. my majority leader will not brag about the stock buybacks. he will, however, announce when a company gives a bonus to its worker. let's hear both sides and let the american people judge. bonuses are a good thing, but the truth is these one-time bonuses are a drop in the bucket compared to what corporations could be doing for their workers. and, by the way, not only were these buybacks, let me announce pa few other things that the -- a few other things that the corporations did after the tax breaks. when bank of america announced their news -- when pfizer announced it $10 million buyback, it would not research alzheimer's, laying off 300 people. wells farg

>> bank of america. >> bank of america. >> it looks like bank of america. >> reporter: can you spot the hack? >> can you name it? >> reporter: you're going to ask your son? >> okay, i give up. >> reporter: that doesn't say bank of america.net. what does it say? >> bnk. >> this is a fake e-mail. and you like and guess what? >> i guess hacked. >> reporter: yeah. up next, red flag number two. bad formatting in the body of the e-mail. check out the blank line in the middle of this sentence. >> what am i missing? >> reporter: look at this weird space in there. >> didn't catch that. >> reporter: another common trick from the thieves. >> i don't see any, no. >> reporter: person after person. >> don't know. >> reporter: unable to spot it. on to red flag number three. links or attachments asking you to update your personal information. >> i'm from a very small town. so let me say that, 5,000 people, we don't get this kind of stuff. >> reporter: you get e-mails? >> yes, i do. >> reporter: after a while, she gives up. can i tell you what it is? >> yeah. >> reporter: never click on an attachment un

i'd like to thank bank of america for making these conversations possible. f, around-the-clock and my many other colleagues were here, margaret mitchell and neil rothschild, many others who are here, grateful to you all and all of you for coming out so early this morning and i look forward to seeing you on axios.com. [applause] >> that event from this morning and the house and senate not in session. republican members are on their way to the republican policy retreat in west virginia. there has been an accident with the train taking members to west virginia. the train, she tweets hit a truck on the way to every treat. sources say, the driver is getting medical attention. kentucky,ers from said -- a doctor is saying we are on her way to the annual gop retreat. injured and those will have lena keep you updated. pete sessions from texas tweeting -- conferenceto the gop and we are all safe and john from nebraska saying i am on the train and ok. then -- bradley byrne from aabama tweeting there was collision but rebecca and i are both ok. security and doctors on bo

francine: how does bank of america compared to goldman sachs? an sachs is really concentrated on their commodities. this is a big portion of their revenue. when you look at equities ,rading, a lot of these banks the south african retailer who had stocks fall because of -- jpmorganssues confirmed that their loss in their derivatives was tied to that. citigroup wouldn't confirm it, but they did have a loss tied to a single -- jpmorgan client, which sounds like steinhoff, but they wouldn't confirm. another thing i think will be interesting is whether they talk about bitcoin. it is in the headlines. they are looking into possibly supporting that. analystse surprised if don't bring it up on the call. francine: the last earnings quarter was the first time we heard jpmorgan mentioned bitcoin. does that translate into your world? we were talking about a better growth story, treasuries. this should make it a little easier for financials. is it a good time to invest? roelof: if you have rates going up, then normally financials do really well. if you have t

we'll look to see whether that continues or not bank of america the clear out-performer, and goldman chs one of the clear underperformers. be interesting to see if they can turn around. >> 6:45, bank of america i forget when goldman sachs is, after that >>> shares of juno therapeutics soaring on deal talk landon dowdy has more on that. >>> shares of juno therapeutics moving higher. reports that celgene is in talks to buy the company cnbc reached out but juno declined to comment. celgene also announced they would buy impact pharmaceuticals, they could both impact celgene's blood market. analysts expect more therapies in the space will bring in billions of dollars of shares. sales of juno speaking 30% initially. up about 45% in early trading. celgene is unchanged >> thank you very much for that. >>> ford expects to report lower operating profit this year currency headwinds and high commodity costs are offsetting gains. >>> boeing is forming a joint venture with adient to design and build airplane seats as demand has outplaced supply in recent years the joint venture will base its headqu

that stock continues to work and today i also added bank of america because of big upside call buying. >> bank of america, despite its outstanding performance last year, was the outperformer jpmorgan is still the most premiumly priced stock it's 1.9 times book. if you look at the big six banks as a whole, only two of them are trading below their ten-year average price to book. and that ability for wells fargo to turn around, particularly on simple measures, when we talk about rates going up, they're geared to that possible cost cutting, they're geared to that that's why the analyst has put that on his conviction list buy. goldman sachs and wells fargo are only up about 6%. >> don't discount the regionals. iusg, the tax -- >> and they have had a nice move this week. >> they have and that will continue because the tax plan is much more beneficial for domestically focused companies, particularly the small and midcap everyone i talk to that owns a medium-size business is putting more money into it so they'll go to the regional banks also >> why, if i say okay, over the last three months t

broadband households. >>> meantime, bank of america is taking heat after eliminating a free checking -- an item popular with lower income customers. this month all remaining bank of america e-banking customers were switched to accounts that charge a $12 monthly fee unless the customer has a direct deposit of $250 or minimum daily balance of $1,500. >>> we now know how the u.s. olympic team will be decked out for the opening ceremony at the winter olympics in south korea. the uniform was designed by ralph lauren. the parkas have a hidden heating unit. the average temperature is 23 degrees and may plunge for the ceremony. the outfit includes fringed suede gloves. >> they look good. more importantly, they look warm. >> reporter: exactly. >> diane king hall at the new york stock exchange, thank you very much, diane. >> thank you. >>> still to come, return to sender. we will show you where that unwanted christmas gift you sent back to amazon ended up and how some people are making big bucks from it. psoriasis does that. it was tough getting out there on stage. i wanted to be clear. i wante

thank you so much for being with us and we appreciate bank of america making these conversations possible and now we will see a quick video from bank of america and i will be back. ♪ >> you look at the kind of things in the world that we can use, the contacts we've made, to hopefully make a better world with respect to some of the issues of today of climate change and we should be able to do it by being smart. >> we start to brainstorm how could we bring financial instruments to the table that would enable us to scale. >> have to be creative together. together. >> we partner with them to create a subsidiary onassets in -- that can own asset in concert with them and help drive down the cost of capital so that they can sell more at a more competitive price. >> because of how low-risk these investments are, the pension funds, insurance companies, sophisticated money managers, all clients of bank of america are now investing directly. i love it when i go meet with the ceo or cfo and i find the common link in how we can connect our firm to them. helping with the causes that we believe in. >> t

tax bill change two point nine billion dollars worth in q four the fourth quarter and bank of a big bank of america rather still posted a profit of two point three seven billion even given that loss and they take it as a sign from analysts that the bank has gotten past a fairly rough period. ten. market watchers are buzzing over news that general electric's leadership is considering a breakup of the iconic u.s. mega-corporation c.e.o. john flannery had floated the idea before and said tuesday that g.e. is quote looking aggressively at many permutations the story is big if true and as they say we'll keep an eye on it but to give you a sense of how big it is archie's ashley banks joins us to explain what a breakup of this mega corporation would mean and how all these pieces of the puzzle could be put together or apart actually well barred wall street is now scrambling to evaluate the standalone value of g.e.'s visit says now over the last year the company's stock has been the worst performing on the dow jones industrial average according to fact set that's more than a forty percent decline g.e. owns

mark: let's talk costs, let's talk bank of america. they will find cost savings from somewhere to reach its goals for the year. where exactly? >> for bank of america and all the u.s. banks, especially those with a retail presence, it's all about digital. they continue to see more of that. they have all been burned by the embattled south african retailer. is there more to come or is that it? >> this is a cost of doing business, it is a risk. the banks price these risks overtime. it's more concerning if you see one bank having an outsized risk versus the other banks. goldman has not specifically said where the impact is in their numbers. some have pointed to steinhoff, others have not. you do see this type of thing late in the cycle. for credit costs, we've been at unsustainably low levels. how far and how fast it we get get normalization -- do we to a normalization? vonnie: allison williams, thank you. let's check the first word news. hill, housel republicans leaders are trying to come up with a stopgap spending plan that would prevent a

time charge but also trading revenue fell heavily by thirty four percent in the past quarter bank of america did a bit better also some trouble with the tax reform related one time charge but overall it was almost the best report for bank of america in the corporate history and besides banking shares falling a bit here in the wednesday session the dow jones industrial average managed for the very first time to also close above the twenty thousand point mark so not everything is in a negative today and score thank you so much for your reporting from wall street french dairy products company like alice is there a pressure raids took place at five of its locations french investigators are looking into how much was tainted and how it got into stores and into baby food. investigators came in the early morning hours to check out luck talers headquarters their goal to help answer some of many remaining questions how did someone they like get into the milk powder and how did the tainted powder get into stores after the kids had fallen ill parents accuse the company of reacting too slowly they threat

bank of america earnings hitting the tape moments ago. e is $21.4 billion just shy of the estimate the company is also taken a $2.9 billion charge in the quarter as a result of the tax act. in the commercial break that we are about to enter a time that is pitiful for the banks because not only do you have better economic growth but you also higher interest rates. and you have the rollback and regulations that has not hit the banks yet. i think one of the best things it's can happen as you're is you see the net interest margins. and then they actually can deploy revenues that they are generating from that and two other areas that generate. we head over 202000 pages of rules and regulations from a basket of agencies holding them down. talking about that. we don't even have to worry about the designation. as you start gaining more assets that you are seen i don't know why they would even consider that. the regional bank they should be deployed their capital that is a kind of rulemaking that is really crippling companies. they did nothing to d

of the latest bank earnings coming up. this is bloomberg. ♪ ♪ yvonne: this is "daybreak: asia ." be closelystors will watching citigroup, bank of america shares this week as third quarter bank earnings continued rollout feud last week we had jpmorgan and wells fargo kicking things off. wells fargo fell as much as 1.5% before recovering some losses. let's head to the wall with ramy . what happens, explain to us the numbers. with jpmorgan, the reason we are seeing this pop to record highs, a were in estimates with earnings-per-share. one interesting thing, we will be looking ahead in terms of corporate tax reform because of the top we are seeing for jpmorgan. wells fargo a different story, there are litigation charges their links to the account scandal. first, the big weight from jpmorgan and other banks this week, trading revenues. we knew this going in, the same situation in q3. this is for 289. -- 4289. we know the numbers for fixed equity for jpmorgan. than anyhart, lower other blue line, also have a billion -- half $1 billion less than what analysts were expecting. we were reporting on friday this could lead to job losses, so we wil

bank of america eliminates its popular account as banks look for new ways to increase revenue. those stories and much more tonight on "nightly business report" for this tuesday, january the 23rd. good evening, everybody. i'm bill griffith in tonight for tyler mathisen. coming to you once again from the new york stocks. hi sue. >> good to see you, bill. i'm sue herera. welcome, everybody. earnings season the is in full swing. four dow components all reported their results today. johnson & johnson, proctor & gamble, verizon, and travelers. this quarter is expected to be a strong one. analysts are forecasting profits to rise by more than 11%, potentially making this the second strongest earnings growth period since 2011. the lofty expectations come at a time when u.s. economy appears to be firing on all cylinders. today's reports have one thing in common. all of the companies had something to say about the impact of the new tax law. and these blue chip results could set the tone for thii thi the to come. johnson & johnson topped earnings and revenue estimates helped by growth in n

arantxa: clientes de bank of america estÁn protestando en contra de una nueva regla que afecta a lase bajos ingresos. la cuenta corriente o de cheques que era gratuita comenzarÁ a cobrar 12 dÓlares mensuales si el cliente no cumple con dos requisitos. les vamos a decir cuÁles son.

. >> good discussion one we'll have again thanks >>> shares of bank of america and goldman below 250 a moment under pressure after earnings wilfred frost watching that, has more on what's weighing them down. >> both goldman, sachs and bank of america sold off due to comments made on earnings calls. for goldman, sachs, it related to the tax bill. the cfo says the 2018 effective tax rate would be 24%, higher than forecast and higher than some rivals like jpmorgan and bank of america at 20% chavez said the write down of $4.4 billion relating to the tax bill would impact and lower buy backs in 2018 and investors should expect 5 to 6 billion in buy backs this year. within earnings, goldman, sachs trading performance was down 34%, but chavez was in fact optimistic on the call about the fact that trading could turn around structurally as they gain more corporate clients and cyclically >> most definitely very early and ten days into the quarter so i would not extrapolate anything but i would say market conditions can change and turn rapidly and they have. and it has been a strong start to the

mark: bank of america as $20 billion of extra capital.e acting industry is required to hold too much, according to chief executive brian morning and. he spoke to erik schatzker of the world economic forum annual meeting in davos. brian: it is less about changing the pendulum, it is bringing it back to the middle. we are ellis, reasonable, strong capital and liquidity. we have so many rules in conflict with each other. we are spending a lot of money and, by the way, the prior administration and the fed but thatit was time, the u.s. level and global level, and we will do that, but we need to do it carefully. secretary mnuchin and craig phillips put out the roadmap for that. are people who have a different view of our industry. they will put it all down and say, here is the weight to do it. erik: so in the fine-tuning process, there are a number of things that can be tweaked. which ones matter the most to you? brian: for bank of america, it is all about capital. .etting it back to investors we can go to hundred billion dollars, $300 billion

. >>> banks are some of the biggest winners under the tax cuts. bank of america account popular with lower income customers. cue the outrage. details on cnn money stream next. blaep new year, new phones for the family. join t-mobile, and when you buy one of the latest samsung phones get a samsung galaxy s8 free. plus, unlimited family plans come with netflix included. we usso why do we pay to havers a phone connectede days. when we're already paying for internet? shouldn't it all just be one thing? that's why xfinity mobile comes with your internet. you can get 5 lines of talk and text included at no extra cost. so all you pay for is data. choose by the gig or unlimited. and ask how to get a $150 prepaid card when you buy a new lg x charge. it's a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com >>> all right. update on the breaking news. tsunami watches in alaska and british columbia after the earthquake off alaska. the usgs says 7.9 magnitude quake hit southeast of the kodiak in the gulf of alaska. the quick hit a depth of

david: it was tied to the bank of america stock price. own to cents on dollar and the state of michigan bought a bunch of them up, and now they are worth a lot of money. jason: bank of america, over a long period of time, the stock price has climbed. win for johne paulson, at a very good that. -- bit. david: michigan can use the money. alix: i know you are biased, but did you want the straight -- state treasury to be buying it? david: no. did they know what they were buying? alix: john paulson is experienced. david: i recall warren buffett had warrants from bank of america, so you think maybe it is not such a bad thing. jason: it is seven cents. the downside is fairly limited, and we have seen pension funds get more and more sophisticated over the past 20, 30 years. dig into alternatives come up this is obviously a very specific type of instrument and it seems to have paid off. alix: the next story i love is if you are working as an economist in a major bank in the u.s., because a love nafta if you are from canada or mexico. this is crazy.

of year. the same for washington, d.c. as well. guys. >> thanks for that. >>> banks are some of the biggest winners of the tax cut. bank of americad an account popular with lower income customers. oh, the outrage ensues. details on cnn money stream next. you won't see these folks they have businesses to run. they have passions to pursue. how do they avoid trips to the post office? stamps.com mail letters, ship packages, all the services of the post office right on your computer. get a 4 week trial, plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. hi, i'm the internet! you knoarmless bowling.lt? you got this, jimmy! you know what's easy? building your website with godaddy. pick a domain name. choose a design. you can build a website in under an hour. now that's a strike! get your domain today and get a free trial of gocentral. build a better website in under an hour. i love you. >>> tsunami warnings in effect on the west coast right now after a powerful earthquake off alaska. an 8.0 magnitude quake hit south of kodiak in the gulf of alaska. this is a tsunami warn

thank you all for being with us for our state of the union post game.i'd like to thank bank of america for making these conversations possible. staff, around-the-clock and my many other colleagues were here, margaret mitchell and neil rothschild, many others who are here , grateful to you all and all of you for coming out so early this morning and i look forward to seeing you on axios.com. >> congressional republicans on their retreat in west virginia, vice president mike pence will be tonight and we will have that here on c-span2 and the president will travel to west virginia and the retreat at 5:20 1 pm eastern on c-span thursday. >> for nearly 20 years, in-depth has featured the nation's best-known nonfiction writers through life conversations about their book. this year is a special project, we are featuring best-selling fiction writers from our monthly program in-depth action addition. join us live sunday at noon eastern with colson whitehead, author of the 2016 best-selling novel the underground railroad which was awarded a pulitzer prize and the national board.his other novels i

>> there's never enough money to invest and always additional project but look at bank of america. ey have a level of deposit generation through mobile banking equal to 1,100 bank branches. >> by the way, this doesn't eradicate the threat because the name value of the brand of an amazon. >> 80 million prime users, they could be banking customers overnight. >> per individual. >> they are -- you know, jpmorgan or whoever is not going to buy them. they can't so that doesn't remove the largest threat that you're talking about. >> you've seen it happen in china, too, with alibaba. >> right. >> hand they moved. >> in other words, a lot is set up for the banks to have a great year we totally agree, but i just think that it's one morning our going to wake up and one if not all of the companies i mentioned, including apple, by the way, could decide it's in their best interest to eliminate whoever is the middle layer and go right to their consume we are a solution for handling their money and lending them money, whatever, and then i don't know how you do earnings estimates, you know, going fo

those homes were typically built before 1979 on a wood frame with a raised foundation. >>> some bank of americaith a change in the bank's free checking program. many bank of america customers were switched to an account that has a $12.50 a month fee unless you maintain a daily balance of at least $1,500. many people have signed an online petition-it's monthly direct deposit rule is one of the lowest qualifiers in the industry. >>> most americans feel pretty confident about the economy and their jobs. according to a new maris npr poll, about 84% of americans say they're not worried about losing their jobs this year. 9 out of 10 believe their employers value their work and they got a raise last year. if you're looking for a job, the labor department says there are 6 million openings in the united states, that's near an all-time high. >>> netflix added a record number of users last quarter. the los gatos based screaming service reported 18 milli 8 milw subscribers between november and december. that's despite a price hike. netflix has more than 117 million global members. the company crites it's o

tax bill change two point nine billion dollars worth in q four the fourth quarter and bank of a big bank of america rather still posted a profit of two point three seven billion even given that loss and they take it as a sign from analysts that the bank has gotten past a fairly rough period. ten. market watchers are buzzing over news that general electric's leadership is considering a breakup of the iconic u.s. mega-corporation c.e.o. john flannery had floated the idea before and said tuesday that g.e. is quote looking aggressively at many permutations the story is big if true and as they say we'll keep an eye on it but to give you a sense of how big it is archie's ashley banks joins us to explain what a breakup of this mega corporation would mean and how all these pieces of the puzzle could be put together or apart actually well barred wall street is now scrambling to evaluate the standalone value of g.e.'s visit says now over the last year the company's stock has been the worst performing on the dow jones industrial average according to fact that that's more than a forty percent decline g.e. owns

that is unique to bank of america, we have such a storehouse of capital.hat back to shareholders. >> what about leverage limits and equity requirements? >> gold plating everything has an impact, that we can do as much for our clients as we could. if you said we needed 100 basis wents, 1% less capital than do and be just as safe, i could make it may be more -- for us, that is about $15 billion multiplied by 10. that inefficiency have to be priced through the system. that would be the difference between 11.5% capital and 10.5%. whether we get there through the leverage ratio or the seek cart test, thec whole industry has that kind of capital. it is a little too much at this point. on the other hand, where the biggest commercial bank in the united states. we have an extreme interest in making sure the industry is well run well-capitalized and well done. by the way, my colleagues think the same way. and simplify the amount of things you have. that was bank of america ceo brian moynahan speaking in dallas. joe: coming up, what you need to make -- need to know f