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wells fargo the stock is down 3%.s looking at $1.11. that's down 5% from last may before and how%. revenue coming in 28.6 billion revenue estimate for wells fargo 22-point to billion. net interest income came in at 12-point to 3 billion. that's something i'm watching with all of the banks this quarter. now to j.p. morgan. first off earnings-per-share are really strong beyond earnings-per-share for j.p. morgan that came in with $4.44 $4.44, that's a really strong. i'm sorry your giving the adjusted earnings, 463, they gave a suggested number, 463, 444 were to go with adjuster 463 that's a better story for j.p. morgan the estimate was for 411. managed revenue 42.55 billion was a managed revenue for j.p. morgan in the street was looking for 41.85 billion, this is a double beat but a very strong be on the earnings-per-share story for j.p. morgan, let's get into the comments coming in. the adjusted number is 463 which is even better than expected. average deposit of 2%, they remain alert to significant uncertainty forces.

wells fargo lowered its price. i don't know, mike.on't know who wants to take a shot at this one. >> well, what's going on is the earnings estimates for next year are down 30% so far this year. so, in other words, you keep having to roll forward when this is going to kind of get some relief in terms of pricing and earnings falling to the bottom line. so, as the stock has come down, every analyst has to review, you know, where the valuation is. you talk about 370, earning 370 next year is where the consensus is right now. so, you're well over 40 times the lower of next year's estimates. the stock has actually bounced nicely around $160 a few times, so i don't know if that's where the buyers are sitting. it's just above a half a trillion dollar market cap. >> i mean, the question is on deliveries, and that's why wells fargo took their price target down, expecting fewer deliveries, but they do wonder, again, elon musk, razzle-dazzle investors. that's a quote. full self-driving. he's teased the robo taxi now, although nbc news did an inte

>> we're neutral on both jpmorgan and wells fargo. wells fargo we were big bulls on for the last couple of years and downgraded earlier in the first quarter. and jpmorgan neutral on over the near term for the same reason. our preference, becky, has been in that regional bank group, the valuation and risk reward trade-offs and from our standpoint at least is much more attractive stocks like comerica, truist, key, huntington, look much more attractive on a valuation basis relative to the megacaps which from our standpoint are much more crowded and a lot more expensive. >> you didn't mention citi. >> we don't cover citi, so i can't give you anything there. >> i wasn't sure why it was left out. i wanted to make sure it wasn't, oh, they really stink or they're really great. thank you for claire rifying. >> thanks good morning. >>> shareholders getting ready to vote on the big planned takeover by japan's nippon steel, but the steel workers union has some issues as you know. long time steel industry executive dan dimicco will join us, he's i

entonces yo hablé a wells fargo y fargo me las quitó. supuestamente eso fue un viernes.ue hasta la policía e hizo un reporte policial. pasaron meses y ella no podía dejar que ese dinero no fuera reembolsado porque esa cantidad para ella equivale lo siguiente. pues todo un día de trabajo es muchísimo para mí. así que nos contactó en busca de ayuda y llamamos a wells fargo, pero nos dijeron que no podían hablar con nosotros sobre las cuentas bancarias de sus clientes. pero sí nos escucharon y les enviamos todos los documentos que nos proporcionó nuestra televidente, wells fargo. finalmente acordó acreditarle a alejandra la cantidad de 164,61 . ella nos asegura que se siente muy contenta después de haber podido recuperar ese dinero y nosotros también. así que les recuerdo a todos aquellos que tengan una queja como consumidores que nos pueden llamar al 844 408 484 8 o escribirnos en nuestra página de internet telemundo 48 punto com diagonal responde es que debe ser muy frustrante, cierto? estar tratando de conversar y tratando de obtener algo que te pertenece y que no te lo

wells fargo profits fell short.tock is down 1 and-a-half percent. we will hear from citigroup this morning at 8:00 a.m. eastern. we'll get those numbers and see what citi is seeing. we'll hear next week from goldman sachs, morgan stanley, bank of america which will set the tone for markets. chris, what's your reaction to the earnings so far. what are you expecting this season? >> we're seeing it, there's a disturbance in the force, how do we have a double beat from jp morgan, the stock goes down. there's a general concern about real estate and bond portfolio, even the strongest banks. what we're seeing is an over-reaction. people are so concerned about, particularly the regional banks, they're projecting concerns on the bank industry as a wheel. with these interest rates, where they are, some of the big banks, b of a and jp morgan are going to be able to weather this thing and make quite a bit of money. thend of the day, we're hopeful that earnings season and the banks should be okay and we're seeing great numbers f

morgan or wells fargo? jenny: they are equally exposed. we would hear the same things from jamie dimon. if rates stay higher for longer, we will continue to be in the peak profit mode, but they will try to get investors ready for when the rates come down. if you will see pressure on revenue side. the tone will not be up needs even if the results look strong. kriti: we're watching citigroup but i want to get to morgan stanley. there was a probe announced. can you walk us through why this is important? jenny: wall street journal reported they are under investigation for money laundering and this is something you see lurking all the time big banks under investigation. aml is key because this is terrorism financing. regulators take it seriously, penalties can be big, remediation is long, so that's why you're seeing this stock reaction. such a thorny issue, not wrapped up superfast or something that the new ceo wants in his first few months on the job. kriti: they're trying to really grow and taking lot of momentum. she will be back in the next

morgan got killed, city got killed, bank of america, wells fargo. morgan stanley was up a decent amount. i want to walk you through what we heard, because these are some of the most important companies in the givers tremendous insight into the rest of the economy, for what's going to happen after. this only really matters if you know what happened, so we are starting with the four big and then we go to the major investment banks. they are that important. generally considered the best run in the country. if that was not because, you've got to understand, it was not because the numbers were bad. j.p. morgan had a bottom beat with a percent earnings growth which is terrific, average loans of 3% . that including the first republic numbers. j.p. morgan was solid, their metrics looked good. this provision came in, nearly $1 billion lower than expected with 32% versus the previous quarter and you are probably asked in, what went wrong? you can argue, this was only raised by small amount. this helps them to push those margins, which many banks are having. h

big banks like wells fargo and citi and blackrock are kicking off before the opening bell today. arabile gumede is joining me here in london with the key financials this season. arabile. >> a modest start is what you anticipate particularly for the remainder of the year. you look at the first quarter and 5% is what you get. we are gearing up for the first quarter earnings season. analysts are optimistic than they were heading into last year for the full-year earnings per share across the s&p 500. we are expecting that number to be 9.8%. that is double the 4.1% that we were seeing as we entered 2023 according to lseg data. earnings as well as revenue growth is expected to be positive in the first quarter as well. analysts think we will see the weakest quarter of 2024 progressively getting higher. it all kicks off with the biggest banking names on wall street. citi will release the numbers as well as wells fargo and jpmorgan chase before getting results from goldman sachs and morgan stanley with bank of america on tuesday. all three of the major banks reporting today are expected t

wells fargo. reports friday. the disney company, we are going to stick with that. and slb. i always liked slumber-jay. hail to the chiefs is what i say. hail to the chiefs. let's go to debbie and pennsylvania. debbie? >> hi, jim. my husband and i have enjoyed watching you from our small town just outside of hershey, pennsylvania. >> my wife is not that far from you. what is going on? >> it is pretty good. >> all right. let's go to work. >> i own apple, engine, disney, pnc, and of course hershey. jim, and i diversified? >> i like people who support local and boat local. the cocoa price is about to come down. that will cause the markets to soar. apple we own it but don't trade it. pnc a very good quarter. disney, we covered that. and, yes, bob tiger won but i think anybody could win. and amgen is a little let down with some of the drugs but, you know what, we think you are doing a good job. we have food. tech. bank. entertainment. that is totally diversified. it is completely and utterly max diversified. let's go to zachary. >> hey, jim. thank you for having me on. how are yo

the birthday boy day for supposed to get him. >> annie, i got like or rideshare the wells fargo active cash credit card >> i thought we had a plan for dad. >> he was >> set to go to the senior living community, right by my house then a friend suggested i talked to a place for mom. they really opened my eyes my advisor listened and understood his knees and showed us options that were still nearby, but a better fit for dad now he's in a warm, engaging community with the pick group of friends i know he made a better choice for free senior living advice. go to a place for mom.com >> the ups stores, not just the shipping store, where the shipping store believe the packing torsten the we understand this is more than a package store with a packet shifted guaranteed store the piece of months door where the water around the corner go to we should get all store the ups store be unstoppable. keep your private in both private shred today at the ups store >> i have type two diabetes, but i manage it well, it's a pill with the big story to tell i take once-daily jati easy >> jordan's works 24/7 in y

larger declines are expected from citi with 34% and wells fargo going down 10%.rading weakness is expected to weigh on lenders and increase loan provisioning with interest rates remaining high. there is one source of optimism. this could be in the form of net interest income. we are expecting a mixed picture. citi expected to see an uptick there. all eyes on the guidance with falling expectations for fed rate cuts boosting the outlook for the rest of the year, frank. >> arabile, thank you very much. we want to welcome our next guest. carl from finema. >> thank you. >> what do you expect when it comes to bank earnings? one of the metrics is net interest income. >> absolutely. the important thing to focus on is guidance. if i rewind a couple of years, what the big banks were able to do is increase the amount of interest they charge on the loans, but not necessarily increase the amount paying s savers. the difference between the two rates increased. coming into the year with the expectations for interest rate cuts, that margin would get squeezed. as we have seen in

he reported analysts expect a potential for as much as a 9% decrease when it comes to wells fargo.of america this year. >> you do have to look between the differences. jp morgan with the highest, i believe 12% expected nii jump compared to last year. if you combine all of the big 4 commercial banks, it is really only a 1% rise. it is jp morgan that is responsible for that expected jump. when i say jump, 1% is not that much of a poll. but you are having to read between the tea leaves. another metric here that i think is going to be important is investment banking. we've heard about green shoots for quarter after quarter. when we have seen such a subdued investment with banking and fees, this is really going to be the first time the year-over-year increase is meaningful and potentially could pave the way for future quarters of growth, which we have not seen for the last year plus. sonali: katherine doherty, thank you so much. we are going to be very busy starting very early tomorrow morning. coming up next, we will talk about a shake at the top of goldman sachs. the top treasure leav

actually wells fargo sees a little bit less but a higher target.our conservatism is on multiples here? and by the way we're not that far away from your target so you guys must be in the laboratory thinking about what comes next. >> great point, charles. i will tell you it felt a lot more rambunctious in december when we put this target out. after we work our way through first-quarter earnings season which kicks off on friday, i suspect our consensus estimate for total of 24 will go a little bit higher. using the same multiple we'll probably have to take that target up. we like to wait and see a little bit. we put this out in december. we like to wait and see during the course of earnings season. we'll see if estimates move higher that is the pattern we've seen over the last four quarters. we'll see in market consensus, we're above consensus at 2583. i think there is room to the upside. if anything i think we're conservative to the downside but we put this out four months ago. charles: of course things have changed dramatically in the last four mont

april 12, 8:01 east coast we are waiting citigroup earnings this morning we are got jpmorgan, wells fargo stocks mixed, and bank earnings are certainly setting the tone for the broader averages dow industrials down 65 nasdaq down 70, citigroup earnings out to cheryl casone with numbers. cheryl: earnings per share not adjudicative a, youing 58 street looking for a buck 23, 21.1 billion street looking for 20.4 billion stock higher under a percent going into the number, still is, one of the first things that crossed, though headed count reduction 7,000 you has the to see that happening, you know they are closing out this quarter with head count reduction 7,000, credit card losses on loans, we talked about 21.8 billion, and then also, talk about the fact that they are looking at four year 2024 guidance, for revenue, 80 -- 81 billion, overall looks like a pretty decent report each big bank is throwing money into the fdic fund that got eaten by sell-off bank last year, citigroup itself putting this more than 200 billion dollars, into the fdic fund, 251 million dollars excuse me 251 million, wil

wells fargo's senior economist joins me now. if you look at what we got this morning, did anything make you think differently of how you think the bond market can progress from here? >> i think what we learned today is may be inflation in the first quarter was not quite as bad as feared, in terms of momentum picking up in march. we saw in terms of why the q1 numbers came in so much hotter yesterday. it was really more a function of january inflation being revised higher. there is good news, we did not see a big pickup and momentum towards the end of the quarter. when you step back, you see core pce at a 4% annualized rate over the past three months. that tells us inflation is going to be rather stubborn, in terms of coming down over the course of this year. sonali: how did you think about this with consumer confidence data? how problematic is it that consumers are frustrated with the stickiness of inflation? even if they did not see a big boost ahead? the current level which we stand right now, how might that impact expectations

and wells fargo, on the other hand, maintained its guidance for net interest income.group beat earnings estimates, you know, the turn-around story connell -- continues. it's one of the best performing bank stocks of the year: and ceo jane frazier has been reorganizing things, and it seems hike that might be having an impact. jack: real estate was a concern on banks' commercial real estate not doing well, should we worry about that, or is that kind of a one-off in new york? >> yeah, well, commercial real estate is more of a factor for the regional banks, so investors will be certainly looking closely to them to see the health of their real estate portfolios. jack: andrew, as a frequent flyer on delta, every plane is packed. it's kind of annoying as a traveler, but it's probably good for the companies. >> yeah. delta kicked off the airline earnings season this past week with a good report for the first quarter and offered pretty strong guidance with a seasonally strong june quarter. delta's probably the best of the bunch in the airline sector, strong management, a decen

>> yeah. >> seth: "fargo" - you met on "fargo" season two. >> yeah. >> seth: "power of the dog." >> yeahe worked together three times, no duds. >> you're right, i didn't think about that. >> seth: because let's be honest, i mean, i'm not gonna -- i mean, every actor is in some duds. >> i mean, we all are, yeah. >> seth: yeah. so the fact that you and your husband have managed to avoid the duds, it really says something about you guys. >> it like sets us up for failure. >> seth: yeah. [ laughter ] you know, what? my money on the next one, huge dud. >> dud, yeah, me too. [ laughter ] >> seth: but this -- this role was not -- jesse was not originally cast? >> no, he wasn't. it was another actor. and it happened during rehearsal that the actor dropped out, and jesse was there with the kids, and i suggested him, and -- >> seth: he just on -- he was nearby, just, like -- >> he's in atlanta with the kids, yeah. >> seth: now, did you suggest him, or was jesse like, "hey, you know --" >> i did. >> seth: okay. that's very nice. >> who wants to play that role, by the way? >> seth: i will say, he pl

wells fargo missed estimates. i think the idea that banks will be big beneficiaries of rates highe for longer was undermined. sonali: last year, a lot of people were worried about the economy and provisioning for loan losses that have come in better-than-expected, but it seems the story is now changing toward a potential slowdown on what's possible in lending. is that the right read? what did jp morgan say? sally: they generally said that net charge-offs remain broadly stable. if you look at the commentary from management about the economy, it was a reiteration of what we have heard before. jamie dimon says -- he was asked about the macro economic outlook and says he does not want to get productions for a recession or not but in his opinion things are likely to be worse than we expect. on monday, he was saying the expectation for a 70% to 80% soft landing, the odds for that were a lot lower. still, they maintain that the consumer is in good shape and spending and jeremy barnum, chief financial officer of jp morgan

but the a major banks -- wells fargo, jpmorgan and citigroup -- blew out expectations. first quarter earnings season with double beats on friday. joining me now is slatestone wealth chief market strategist kenny polcari. kenny, thank you so much for being here. assess the week for us. you had hotter than expected inflation data, then you had good news for the banks and they still traded down initially. >> right. [laughter] so i think the inflation data, i don't think, should be a surprise to anyone. of we've been talking about it, we've been seeing it remains sticky. we saw the last two months the cpi and ppi both elevated. while one month doesn't make a trend, two months and three months begins to make a trend, and that's exactly what we saw. while we saw markets pull back, the minute they take it down 2.5 to nearly 3%, all the buy the dip orers jump in because they think this is the opportunity which is actually, as you and i both know, not really the buy the dip opportunity. that's when we see the market back off 8 or 10%, that's really buy the dip opportunity. but i

the more i am fargo, as i understand cambodia is a central point of wildlife trafficking that's been well known for quite a time quite a while jane, especially to fault investigation 11 east, examines the global trade in monkeys for scientific research. the cambodian is home to anonymous, that's in high demand around the monkey, the most populous in the southeast, asian nation, other known to my tax, intelligent social not to move, who lives in the foreign downs. and i don't want to read this fishing village. i'm long down was once a battery dies for them the noon. i mean, no one is on the here. then something. no, no, no, you're moving in my renewal now. just to read his spend most of his life on the water. he's the fisherman, just like others and his family. but things are different now for when he was a boy. in 2022 long days, mcats would declared and endangered species side of the family at the school. today he's taking us to the band. so the only stop leak in central temple. yeah. he sees that he used to see monkeys in droves, him hunting for crabs. i mia the more now. so that's

wells fargo. we'll see you soon. we'll be right back.this will be a gold mine of local intel. (marci) so, tell us about this corn festival. (stylist) oooh you got your corn pudding... (marci) so...is it safe around here? (stylist) sometimes. [luke gasping] (marci) no eyebrows? (luke) think of how light it'll feel in the summer. we gotta run. eleven thousand more neighborhoods to go! (vo) ding dong! homes-dot-com. maria: new polls this morning from the university of north florida shows president trump leading president biden nationally by two points, president biden thanks florida is now in play with this election cycle, even opening the first field campaign office in florida. president trump says he's confident that he can flip new york read, watch this. >> a new poll shows ten points behind president biden in new york, do you think you will new york. >> were very close i think will do well and will make a play for new york we will run hard in new york, we have a good chance of winning new york. maria: tomi lahren, doug collins with me t

wells fargo. what is a chart telling us? >> let me see. okay. wells fargo. same thing. the 2020 a little bit later in the year around $20. fair value. is right around 45. that is $25 here. we should get 25 to the upside. take you somewhere to around 65 or 70. we are still good upside there. >> we will squeeze one more and because we are looking at the broader seller. s&p 500? >> to me this is the most important chart for all the people watching the show. this is going to guide you in the bigger picture. low 2200, fair value comes right in here around 4000. the projection is up to 5700. i still think there is big upset across the board. for what it's worth nasdaq and -- >> we got to the most important one. thank you so much bill. we'll be right back. trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customizatio

since 20, banks with the largest net reduction were truest, wells fargo, pnc, bank of america and u.s. bank. they kind for the reduction and smaller banks or lenders with $10 million or less increased their branches by 1.1%. even online banking functionality has proliferated but people find it useful to talk to a real person and i think we all intuitively know this. dealing with complex transactions, dealing with cash, the list goes on and on. i asked people, you do not just text your parents, you call them, you visit them. there are things you do to maintain a relationship and i think if we look in 2019, 80 3% of households with a bank did visit a branch. it is a myth that everyone is solely digital and of course we want fairness in digital interactions because we know it is important. but i don't think it is one of the two, it is both. updated 2021 data shows 15% of households with a bank account use a branch at their primary -- as their primary method of accessing their account we know this is important in lower income neighborhoods, older families and rural households and knees ha

citigroup and wells fargo are lower.spite a gain in oil driven by fears of escalating middle east tensions. israel is reportedly planning for a direct attack fromman. threats, those geopolitical fears adding to a long list to the markets where we started the show. >> it's similar to when you had the ukraine war going on initially on the weekends, risk off. so get your hedges up, sell what you need to, before you go into the weekend. see what next week brings with earnings. people surprised at the jpmorgan reaction. go into the weekend, park your money in treasury yields and see hey, let's reassess monday. >> with interest rates being where they are and presumably staying where they are maybe a little longer does this raise the premium be on how important earnings will be? >> absolutely. remember tina. well we have other things now. there are other alternatives and you can be in cash equivalent and treasuries. >> you can go into some nice quality corporate bonds at 6%. lock it up fortwo years. >> three to five years. >> n

wells fargo and citi, eh.ve gotten bullish. >> thank you so much, david. we appreciate for your quick and concise answers. new construct's ceo. appreciate it. >>> still ahead golf's most iconic event. we'll get to the key things to watch when we return. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis, help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley. with powerful, easy-to-use tools, power e*trade makes complex trading easier. react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity. e*trade from morgan stanley. trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor t

morgan, wells fargo set to report next week. the options fits are bracing for them. what do you see in terms of the potential moves? >> as we would expect, cyclical types of stuff. higher implied moves, including discretionary names in industrials. transportation, delta air lines, which we talked about earlier, implying a move of 5.4%. united a larger move, 6%. you take a look at something like constellation, in the booze business, unsurprisingly not lot of volatility there, less than 2%. doesn't typically move that much on earnings. car max, this thing is expecting a move of nearly 9% higher or lower. of course, that is not surprising when you consider where we are in the rate environment as well as everything else. financials don't move that much. the quietest against the money center banks is jpmorgan. the 3.2% they are implying is more than it typically moves, which is less than two. nordstrom. >> that is very interesting. the potential implied move for jpmorgan. julie, what are you watching? >> definitely watching delta. i'

i'm long wells fargo. that's the only one of the large bank withs, i believe that that their net interest income was in line with guidance, so i think they're okay. and they're not so much mixed up with all of the gravy in the banking industry. they're more meat and potatoes, so they're okay. but i think you're going to want to -- i'm going to be long defense names, agriculture names, precious metals and interest rates. that's what i'm buying today and this week. liz: okay. so that's the way you believe if inflation stays sticky, people can really add some oomph and some ballast to their purchase. i want to bring in gerard. gerard, looking at the banks here, you got an outperform on wells and on jpmorgan. tell me exactly what -- sorry, you've got a sector perform on wells. tell me what you glean from the three big names together and which ones stand out best and worst for you today. >> sure. thank you for having me on your program. the numbers were very similar for all of the blanks, and the -- banks, and

or feet, taking jordan's with a sulfonylurea or insulin may cause low blood sugar >> rallies wells fargo has >> donated 525 million. >> like i've said to support housing affordability, cetaceans for families across america when a bank does what it says more people can find a place to call their own doing gets it done. wells fargo, the bank of doing see idp disrupts cid p derails. >> let's be honest >> sucks. >> but living with c idp doesn't have to. >> when you sign up at shining through cid p.com, you'll find inspiration and real patients stories, helpful tips, reliable information, and more see idp can be tough, >> but finding hope just got a little easier. >> sign up is shining through cip.com. >> be heard, be hopeful hey there brenda. >> it's carol exactly. >> so which like are we operating on? >> you mean arm >> it's all connected, asking the right question can greatly impact your future. >> you share your an >> orthopedist, actually, a a sagittarius especially when it comes to your finances give a question. >> are you a certified financial planner? >> yes. i'm a cfp professional >>

well, let's start us losing the, the 2 men. janet, the shy of wells fargo will have the the you see what it's mostly slow, each painting. yeah. does that seem to where you wait on really most of what you actually knew the girl she was supposed to show us and it goes to deal with because affinity swinging with so this is the easy so you have to remove as soon as you get the one, anything you or something but what says yes, go back to still. so he built i think he said if i didn't do a believe, so assuming that you guys are just too busy. so unless you're available for purchase, the see, right. got super easy financial financial in what way from as well. so make sure your voice, regular computer or us of, of the minister of so when he was younger to share your thoughts for me, just as important as the future of mine would keep up tuesday seems to be the one if we can, the 2nd year, which one is it was difficult or easy was able to compete on seeing the company, the, i mean people who are part of the voice of the i don't have the most of the shania publicly for salma last for the water is p

this was the, the, the, to the newest addition value of wells fargo will have the you see what that was a slow age for us. yeah. because i've seen that where you wait on most nobody likes really knew the girls who are most of us and it comes to deal with christopher in any sleep with business level, the boost will do that. did you get the rehab as soon as you go? if you want me to you or something, but what says here, let's go back to still. so we built, i think he said, if i didn't do, i believe. so assuming that you guys are interested in. but it seems that the show available for price is the see, right? got super easy for us to function in what way from as well. so make sure of course the girls are giving us a beautiful rest of the editor of so when he was younger to pay the middle of the bible. but never let me keep up tuesday. seems to be there on a weekend or from advisor. here to michael, he's the one where the computer on seeing the company, the, i mean people who are part of the voice of the i don't have the most of the shania publicly and for the little kind of you salma last

focus on big tech and earnings that start later today with the financial names in the u.s., wells fargo among them so that is the state of play here tracking what comes through with that japanese yen closely above the 153 mark and jawboning comes through at this time of the day but the finance minister says the weekend can accelerate input driven inflation which is a big concern in japan at this point and they will not rule out any options against what they could see as excessive fx move so watching the japanese yen closely holding unchanged at this point but let's shift on because korean markets starting to trade and not is the focus on the boj but the bok given the rate decision that is due and broad expectations we will see rates hold and we had job figures out in the last hour pretty tight labor market was the key takeaway and that gives the bok time to wait a little longer haidi. haidi: looking at the start of trade five minutes or so in the session and australia a little down side and quarter of 1% softer with declines when it comes to aussie bonds and kiwi bonds as treasury featu

we all talk to a health care provider that nortech ott from pfizer, wells fargo, active cash guard on unlimited 2% cash back on what you want, like a surprise party, birthday boy de supposed to get them were any i got like or rideshare. the wells fargo active cash credit card healthy as not something that happens on it tastes gregg and lydia and chill so it's grammy get and checked on in her favorite chair, or telling herself up to go can all of the people between helped raise ever seen thinking i'm thinking about her honeymoon. i africa our hot air balloon rais, when with elephants weight three, four, to safari. >> great question. like everything takes a little planning four, with a mind towards a down payment on a ranch in montana with horses. let's take a look at those scenarios. >> jpmorgan wealth management has advisors and chase branches and tools like wealth plan to help keep you on track. when you're planning for it. all the answer is jp morgan wealth management there's not much we haven't already put nature through, made it ghoulish, alien, even glow as if it's not formidable

this was the, the, the, to the newest addition value of wells fargo will have the you see whether it's mostly slower, each painting or. yeah, because it's in the way you wait on me. most nobody likes to renew the girls who are forced to show us. and it comes to deal with cuz affinity swain way too. so with this level, the boost will do that. did you get the rehab as soon as you go? i don't want me to you or something, but what says here, let's go back to stuff that we built. i think he said, if i didn't do a believe, so assuming that you guys have just too busy. so unless you're available for places the see where i got super easy for us to function in what way for it will also make sure your voice that comes to your giving us a beautiful rest of the editor of. so i want you to share your thoughts. for me, just a simple is the middle of feature. all right, let's see, but please the seems to be doing if we can. okay, hold on one second here, which one? it was difficult to. michael b as in boy, a political based on seeing the company, the people who are part of the, of the of the, i don't

this was the, the, the 2 men, newest addition value and wells fargo. the you see what the most a slow age for this ancient united states. and that what you, what are the most, nobody likes to renew the girls who are forced to show us. and it comes to deal with cuz affinity swing states you is. this is the, does it say, did you get the rehab as soon as you want me to you? oh, absolutely. well it says here, let's go back to store. so he built, i think he said if i didn't do, absolutely. so assuming that you guys are too busy, so i'm not sure if they have multiple places the see where i got super easy for us to function in what way for as well. so make sure your voice, your regular computer or as of, of the editor of so when he was younger, but i'm on the middle of the bible for for him. what keep up to use the seems to be doing if we cannot get more and more from a very strongly agree to the device. but usually when you're going to compete on seeing the company, the people who are part of the, of the voice of the, i don't have the most of the shania publ

to let's bring in my colleague, i knew the fargo velocity for more welcome. why are we seeing this on our could stay and what kind of reaction have we seen from, with in iran it to this funeral? from what i hear from a pro democracy active as an ordinary people or read on social media. i can assure that that people in the wrong and they don't more, but they are happy because i are g c. m. goats fours are hated among majority of your areas as they are actively involved in a pressing citizens during various process, especially in the recent process. and you want after the vessel, general. my so i mean, so what we've seen in these for a funeral like always is the minority who called grace with the regime directly like regime supporters or the people who are financially or ideologically have some interest in the machine. so the pro democracy active is also saying that this is the perfect timing for this long as republic as they use such events for they own propaganda against israel and the west. and just briefly, before i let you go here, looking at the increasin

this was the, the, the 2 men. janet, the shy of wells fargo will have the issue with it's mostly slow. oh each. yeah. does that seem to where you wait on me? most nobody likes usually do the girls who are supposed to show us and it comes with human because the sudden any swaying you so with this level, the boost will do that. did you get the hook as soon as you go? i mean anything new or something but workspace years ago, but we'll still have the the, the badge but he can do. absolutely. so assuming that you guys are too busy and so unless you're available for purchase, the see, right. got super easy financial financial them away from as well. so make sure your voice the girls are giving us a pos of, of the me at the door of so the 2 bed 2 of us, just a simple is it the middle of the bible and have them look, keep up tuesday. seems to be the weekend or from advisor here. but here's what we're going to compete on seeing the company, the beautiful part of the voice of the i don't have the most of the shania publicly and for the you salma last for the time i'm executive and i'm here to p

this was the, the, the 2 men, newest. addition value of wells fargo will not be allowed to use the most a slow leak. all these things in the united states, you know, where you wait on most. nobody likes to renew the girls who are supposed to show us and it goes to deal with because affinity swaying site you to this level. and we still do this and it takes you to remove as soon as you go, i mean anything you oh, so the website here, go back to still the the page but he can do absolutely. so assuming that you guys are too busy, so all of us are available for purchase the see what i got super easy for us to function in what way from as well. so make sure your voice that comes to your regular computer or as of, of the me, editor of so when he was younger to pay the usage of the middle of the bible. but never mind the chief of police the seems to be doing if we can of the 2nd year . but here's what we're going to compete on seeing the company, the beautiful the i don't have the most of the shania publicly and for the year. so i'm a last for the look forward to talking to you all that technol

>> a lot of people are talking about jp morgan and wells fargo.y are expected to potentially revise their outlooks. of course, what their chief executive officers, in particular jamie dimon, say about the market will be watched. jamie dimon talked about how the markets are pricing in a potentially 80% to 70% chance of rates lowering. he also said given the inflationary pressures the market is facing, we could see anywhere from 2% to 8% or more and that the bank was prepared for that. haidi: there are concerns over money laundering controls with regulators. >> that's right. in a way, not all of this was new. we know the federal reserve was looking to see if morgan stanley's business was taking adequate measures to prevent potential money laundering. at the time, it was reported the regulator was prepared to improve controls and processes. today we learned it's actually the sec, occ, and some other u.s. treasury department offices, digging into it banks did enough due diligence. what we don't really know is why the huge share drop given the aspects