stanley and jp morgan.n with that run up through the year in goldman sachs stock, it is still cheaper. tom: do you arbitrage on the price-to-book long goldman sachs? sonali: i'm not allowed to trade. [laughter] tom: the idea here is they have 11% consumer and wealth management area do you go long goldman sachs with a trading pop and the boom economy, and these shockingly ample ratios on the balance sheet, and shorts jp morgan and traditional banking? is that a strategy that is out there? sonali: i would be watching very closely for tomorrow because citigroup and bank of america, those stories when it comes to consumer banking, whether they are gaining share and trading and investment with this really tough consumer environment, that is the trade-off if you are talking about the short-long trade area. tom: thank you so much. stephen biggar joins us now. let me ask you the question that sonali basak was adamant not to answer here. how do these book value dynamics move? does the giant and wonderful jp morgan c

jp morgan we will go into some size comparisons, but these earnings with jp morgan in this hour it's not normal, it's a huge deal. >> coming in about 45 minutes. then we will hear from goldman, cpi in america at 8:30. >> my focus is on the vix, showing me a bull market. right now at 15 point 99 with real constructive movement in the vix and the right guest on volatility. jon: dean kern just minutes away. we have to talk about the bank of amana -- bank of america fund survey. lisa: there is a question about the yield curve and people decreasing expectations for steepening yield curves that a time where we see a flattening with expectation of slower growth long-term. what does this mean for banks now that people have rotated into them? jon: show me some loan growth. that's all we want from the guidance. >> or the potential for it. people saying there won't be as much loan growth as government support, but give us a sense that people are using up their savings and will be prepared to take out loans. jon: unchanged on the s&p 500, 43 77, coming into tuesday at record highs. unchanged on

morgan stanley down by 1.59%.ther bank coming in a little bit lighter than expected on fixed income trading revenue. $1.7 billion the number. expectation for $1.9 billion. tom, we are down by 1.6%. tom: they cratered. what are they up in the last three years? jonathan: i think 30% year-to-date. they are doing ok. tom: right now, and the summary of what we have seen, alison williams of bloomberg intelligence. what i think is so important here is the view out. where are these institutions on july 15, 2026? alison: they are in great shape. it is really a solid quarter. we have seen most of the stoxx trade-off, but -- most of the stocks trade-off, but it is about expectations. 1% after a huge move is not something i would get overly upset about. we look at morgan stanley's results today, and the one thing people might be worried about is the retail trading nine. tom: terrible. gray hair is just flowing. james dimon a couple of years ago said all we do is hard work. what is the hard work for the american banks to succe

how does he ensure that those businesses are better off inside jp morgan than they are outside jp morganwo pieces to that question. let me take the first piece. it is interesting that jp morgan has made three acquisitions recently, i robo advisor in the u.k., a neo-bank in brazil, and something similar in the asset management space on the west coast. our recent merger with circle is all about the advantages of technology in terms of competing with the large legacy banks. blockchain has had a big impact. a lot of people don't really understand why we are talking about blockchain so much, but if you are think about a large transaction from one's institution to another, a large sum of cash, typically that has required a middleman, a credit card company, visa or mastercard , or a bank like jp morgan or b of a. with blockchain, and with the speed of the internet, what we are seeing is that these transactions can be done without the middleman. they can be done faster, far less expensively. the cost is going down. but with blockchain, it also gives us the opportunity to have real security in te

jp morgan and goldman shs beat estimates but results failed to impress wall street. and the white house is set to one american companies about the risk of doing business in hong kong, ramping up pressure on beijing. let's look at the trading session in wall street. you can see the s&p 500 with 39 record closes this year down today. the inflation report came in a much stronger than expected. the headline is nearly double the 0.5% people were looking for. jp morgan and trace reporting mixed results as the earnings season kicks off. a big story in bonds. that 10-year note is now up over 1.41. the 30 year bond option was the big mover today after declines. it did not go well. after a strong inflationary report, no surprise. crude hit a 2.5 year high today. there were warnings of a deepening supply crunch from iran and other major producers. what are you looking at? sophie: looking at a soft start for asian stocks. chinese tech joined the advance on tuesday. we do have the rbn policy decision. we have got to see

so i'm comfortable owning jp morgan's citibank, bank of america, wells fargo and morgan stanley which is a little different animal >> i am short of the xpf i know a guy would make a valuation case for citigroup, and you look at citigroup and the way that stock has traded, it just hasn't seen an uptick in the last month or so i don't think you're going to see results out of bank of america or citigroup i'm not going to say any more. i think jp morgan and goldman is about as good as it gets you start to think about the back half of this year, and i'll just go back to what china did on friday. what did they do, they cut the reserve requirements for their banks. they already had their v-shape recovery, so all this excitement about what may have happened in q3 and q4 in our economy, it might make sense to step back here >> can i talk with dan fora moment are there any mull ptiples at wc you would buy kciti >> i don't know, i suspect it's going to be worse than the other ones and i would just buy jp morgan it's a big level it's held over the last -- forget about valuation, i'm just talking

four of america, jp morgan, -- for bank of america, j.p. morgan, that is yes.h investments in digital and technology that has enabled them to improve that ratio. it is a simple ratio that captures their whole business. it is kind of a second derivative for analysts as we look at what is performance. tom: i see a moonshot on the chart and it is what jon is talking about. we are using digital, we are using our phones. we all move money around to our kids. ken leon, what does zelle mean for brian moynihan, jamie dimon, and the rest? ken: you definitely want to be a player and take advantage of how society is changing behavior, how they shop and how they spend. but do not get distracted. i don't think brian moynihan and management at bank of america that a fiscal presence will help them. for the delayed rebound of the consumer for banking and small business, small business loans, they come to a local branch or to a financial center. we are also seeing market share gains of the large banks and even the top 100 metropolitan markets in the u.s.. it is kind of a boring

morgan? when you look at hong kong, venezuela, iran, cuba, what are the protesters carrying? the american flag. it stands for freedom. >> harris: david? >> david: if george washington is going to get canceled by the left, betsy ross isn't going to be excluded from that pay for those who don't know, betsy ross is the one who sold the american flag originally. harris, you know this having covered the middle east uprisings, i ran's uprising, the american flag is a symbol for freedom. freedom is universal and it's why 80% of americans are proud to be american. >> harris: emily? >> emily: i actually, in 2010, in the usoc their logo had only 13 stars and has for quite some time because i couldn't fit it on a logo so there is a history of them having, amending it slightly not out of disrespect but trying to capture the essence. however my bigger issue with this actually is a fact that they said they are seeking stakeholder's input and to me that means they only care with their sponsors say even thou

>> morgan: i agree with that. "the wall street journal" and their editorial lid that perfectly this morning. obviously against federal mandates, but talking about the fact that private employers do have a right to make those decisions and demand certain things of their workforce. so i think it's really nuanced, but what is really important in this whole discussion is we took all of last year to politicize covid. what should have happened is somebody in the trump administration, i volunteered over the summer working on operation warp speed and on the covert effort. every person i know received the vaccine, as part of operation warp speed. president trump and his team made heroic efforts to get this vaccine out. what has happened is the democrats used most of 2022 politicize covid, to politicize the vaccine in order to sow seeds of distress. now in 2021 people are not believing each side, president biden is spending more time going on and talking about voting rights and infrastructure legislation as opposed to sayin

morgan stanley the last major u.s. formed -- firm to report and i am looking at the toggle between morgan stanley and goldman sachs. so far if you look at the share performance, goldman sachs is up 40% versus the 36 percent gain. morgan stanley shares a little bit lower and expect expectations to be very high when it comes to investment banking, revenues and profits and i am curious how much this will continue. 8:30 a.m., u.s. initial jobless claims and we expect the lowest rate of claims going back to the beginning of the pandemic, we hundred 50,000. and what clues as to fed chair was saying, that the headline unemployment rate belies this slack and weakness under that. do we get any signs of that from this otherwise noisy data? nine: 30 am, chairman powell presents day two of his testimony to the senate banking committee. i want to talk about the flattening yield curve, this is a market signaling that they are concerned about the policy error that will not react quickly enough to curtail the inflation you are seeing

morgan, and we are banking the money. that is a warning sign for me.he average loan growth was flat. jamie dimon said, do not expect another release. are they the warning shot that holds us back? >> absolutely, and that is why you saw the stock selloff. the trading revenue being down was baked in, investors were expecting that. they were hoping for better news on the loan growth front. they jp morgan cfo thinks it will improve in the next couple of quarters, but that remains to be seen. america has come out of the pandemic in good shape, but people are reluctant to spend. spending has been off the stimulus payments. it will be interesting to see when people are happy to get back into the debt buckets. manus: thank you so much. our finance reporter put in context around wall street's reports. we are going to speak to bank of america ceo, brian moynihan. wells fargo cfo will join the team later on. karim aita, investment advisor, bank of singapore is still with us. bumper bonuses on the way one can only assume. when you look at banks, they are bigger pay

jp morgan kicks off bank earnings on tuesday.re are warnings to brace for the end of the trading boom. details ahead. this is bloomberg. ♪ rishaad: let's have a look at what is going on now with tech as we have all of these headwinds for chinese technology companies in particular. tencent on the way up, maybe 4.6%. this talk having approval for the purchase of a search engine. that approval came through as well and they have been expending their gains thus far. up by 9%. this after a 29% decline so far within the last 30 days. yvonne: it seems like we find some kind of support now that perhaps people are buying these dips because perhaps we have priced in all the bad news when it comes to this whole crackdown. take a look at benchmarks. taiwan, fresh records. close to 18,000 for taipei here. led by these tech stocks by the likes of tsmc. semiconductors catching a huge bid and kospi with the same kind of effect. futures are still flat. we still have inflation numbers coming up in the u.s. later this week. india seems to be in the

morgan and goldman sachs were a mixed bag. traders did not do as well.he other highlight from today was the hot cpi print coming in ahead of expectations, jumping 4.5% on a year on year basis. on the back of that, we get a flattening of the curve. speaking of the bond market, i want to check on the 30-year yield, sitting at 1.99%, after a $24 billion auction moments ago. let's get more on this auction now. your take on the supply and the takedown we are getting? >> a little bit of a reversal that we saw this morning. you saw the long and get bid. it looks like that has been reversed a little bit as we see a little bit of good demand coming out for the 30-year auction. of course, this follows a pretty solid at three and 10-year auction. no surprise that we would get a pretty decent bid for 30-years. 61% to indirect bidders. bid to cover ratio at 2.2%. the direct bid was 16.6%. arrest going to primary dealers. pretty solid reaction. kailey: what do you make of the curve flattening today? were you surprised by the way the market reacted to that hot cpi prin

and former state department spokesperson, morgan ortagus.the center virtual seat, ben ferguson, host of "lee ben ferguson podcast." let's get to bill cosby. controversy raging over the opinion the court found that the prosecutor was bound by his predecessor's decision not to charge for the sexual assault of andrea constand in 2004. she called it disappointing. another is also blasting the ruling. >> my stomach is lurching, and i am deeply distressed about the injustice of the whole thing. you know, he is a sociopath. he is a serial rapist. this is a man who has no conscience, he has no sense of remorse. >> harris: cosby took to twitter, or somebody did on his behalf. "i have never changed my stance nor my story. i have always maintained my innocence," and that we are hearing from cosby in his own ws shortly after release. >> you can see how powerless many of us feel, because this is my mantra. it's not what they're doing to you, it's what you are not doing. because this is not just a black thing. this is for all the people who have been impr

morgan filled us in. over time expected to come down as we watch them to begin to open the capsule, but, yeah, jim. i just think we remember dinner i had a number of years ago with a lot of very wealthy people exceptionally wealthy. went around the table asking what would you want to do? what's one thing almost to a person they said, go to space >> go to space >> yeah, yeah. so morgan, there may about long list the i guess there already is, right? for virgin galactic and potentially blue origin at least in terms of the trips they had planned? >> reporter: that's right. david, i feel like you and i, our common question we continue to ask over and obsever again wt is the total addressable market for space tourism? we don'tster those hard numbers from either of the companies publicly yet, but both of these companies, whether it is blue origin or virgin galactic, continue to say, and have continued to say in the case of virgin, blue origin here to me over the last couple of days that demand currently exceeds

out what's going on down on the ground there. >> morgan -- >> morgan brennan. >> oh, yes >> morgan,see the video there. here, i should say, in the west texas desert at blue origin's launch site. 60-foot-tall new shepherd rocket and capsule. all four passengers including jeff bezos, the world's richest man, here on earth, poised to go to space in just a little under 12 minutes this is going to be a suborbital flight, mass altitude probably 65 miles, travel at a speed up to three times the speed of sound. going to be a fully autonomous, 11-minute flight it all goes according to plan, 16th for the new shepherd space flight system, but the very first to have people onboard, and, guys it is historic you've got among the crewmates, wally funk, 82 years old, poised to becom

precious cargo there you go >> and while -- >> morgan, thank you for a great day of coverage. coupe areman with the judge. "halftime report.." >> welcome to "halftime report." front and center this hour, plunge you thinking yields, unsettled stocks, where the correction goes from here. we debate it with the investment commandment plt leon cooperman joins us today in a view few moments. stephanie link josh brown and jon a najarian let's look at where stocks are trading right now. a snapback today the the dow up better than 600 points but not quite everything back but on the way to doing so. the s&p good for 1.5%. the 10-year note yield got as low at 1.12 a nice bounce off that level to currently set at

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from 500 to a thousand should that is according to the head of jp morgan u.s. wealth management arm. trying to work across the retail branches as well. did globali quickly become one of the worst ipo's of this year among news china is mulling additional penalties. we know that a number of the big ticket ipo's have not performed very well this year regardless of whether there has an a link to china or not. the risk aversion when it comes to companies like didi, looking at other companies in the pipeline, ever-growing as we talk about penalties and regulation. shery: seven james companies listed here. on average, they are 9% below their ipo price. the performance has been pretty mediocre. we now have another source of anxiety given we are now hearing that we could face -- that they could face unprecedented penalty. let's bring in crystal from new york should we sa -- from new york. we saw didi fall to another record. what are the penalties they could face? >> the most extreme case, they can even get delisted. facing a class action lawsuit and exchanges in the use

contessa brewer has more contessa >> reporter: hi, morgan.er insurance plays a significant role in security because insurers know the risks, they know the damages, they know what controls are failing. the government accountability office says nearly half of all insurance clients bought cyber insurance last year compared to just 26% five years ago and these direct written premiums for stand alone cyber policies climb 29% to $1.62 billion according to s&p global market intelligence analysis. axa and aig are the industry leaders followed by beazley and travelers. chub for package cyber security insurance. cna financings trails behind but it was itself the target of an attack this spring the challenge is keeping up with incredible costs of cyber crime, a rough estimate of the likely cost to the global economy here $445 billion annually. and the industry's loss ratio spiked in 2020 that's what they pay out versus what they collect in premiums, up more than 25% from the previous year. and brokers told the government prices for premiums rose as much

in early 1781, daniel morgan has left the army. he has returned home to winchester, to the winchester area. he's suffering from a lot of really, a lot of health issues. he has been passed over a few times for command. he feels like he has not gotten his due. but certainly his health at this point is beginning to fail him. but morgan agrees to raise a group of men to march over the mountains into the lost river valley into the south fork valley and put an end to claypool's rebellion before he -- before it can snowball out of control. so, he will assemble 400 men from the surrounding counties. they will march over the mountains. and, if you look at the map, you can see the winchester area. over the mountains and into the south branch valley. and they are going to first stop at john claypool's property as they are marching out and it is here that claypool and his rebels confront daniel morgan. there is a brief exchange of gunfire. john brake, claypool's second-in-command, is killed in the exchange. claypool himself and most of the oth

morgan, goldman sachs, and morgan stanley.liver better than expected numbers, but most of their stocks sold off in response partially foreshadowing the grim action, and it only got worse, not better to potential buyers today. before we get into the quarters, let me set the scene for you going into earnings season, the major banks were up substantially for the year, which matters. wells fargo has been the best performer, even though it's the worst operator in the group. cheap stock. travel trust, you can follow by joining the plus.com i'll be talking about it at a conference call on wednesday goldman sachs and morgan stanley have had a nice year booming ipo and m and a businesses, even if trading divisions fall off in recent months morgan sanley could handle it. there's been a lot of variation. wells up 45 for the year, citigroup 11%, that's important. most of the banks sold off in response a couple managed to rally. we're going to take them in descending order, you have to start with wells fargo which jumped 4% wednesday. well

that's daniel morgan. the old wagner. in early 1781, daniel morgan has left the army. he's returned home to winchester. to the winchester area. he suffering from a lot of really help issues, he feels like he hasn't gotten his due. he's been passover for. command certainly has helped at this point is beginning to fail him. but morgan agrees to raise a group of men to march over the mountains into the loss river valley, into the south fort valley. and it put an end to claypool's rebellion before it can snowball out of control. he will assemble 400 men from the surrounding counties. they will march over the mountains here. if you look at the map we can see the winchester area. over the mountains, into the south branch valley. and they are going to first stop at john claypool's property as they are marching out. it's here the claypool and his rebels will confront daniel morgan. there's a roof exchange of gunfire. claypool second-in-command is killed in the exchange. claypool, himself, most of the other men under his command will scatter. they will head to the hills. they w

as well as jp morgan and yet both stocks are down.uch money sloshing around because of all of the stimulus money. deposits are way up but loans are down. if loan demand rises and those deposits create a powerful earnings upside, that's not the way investors are looking at this so far. goldman shares down two-thirds of a percent, jp morgan stock is down even with the better than expected quarterly reports, ryan. ryan: yeah. the song remains the same, to quote led zeppelin for a second. you're going to see the same theme across the board with the financials. we expected earnings to be amazing. there's a reason financial stocks are up huge this year. markets will be forward looking. loan growth picking up, let's face it with the gdp growth we're talking about, over 6.6% like goldman's saying here, business activity is going to pick up. it's inevitable. it's going to happen. i go back torques again, i suspect and -- back to again, we'll see the inflationary pressures pick up which means interest rates will probably go up more and that's h

of that incredible launch morgan >> hey, david. this morning. you can add astronaut to the long list of accomplishments from billionaire entrepreneur sir richard branson after that successful fully crewed virgin galactic mission that happened here at spaceport america yesterday. taking them to the edge of space. for branson for whom going to space has been a lifelong dream, this has been a 17-year process just to get to this point at virgin galactic. >> absolutely impossible to describe it unless you are doing it i hope we can get thousands and thousands of people to be able to experience what we experienced today. >> now, branson also telling me post-flight yesterday that he would go again today, quote/unquote, if he could he is going to stand aside so that those long standing 600 or so ticket holders, as the company calls them, future astronauts, could make their journeys as well with this mission complete the ceo saying they are on track for two test flights by early summer or fall. the next one, technically speaking, almost ide

morgan stanley, u.s.and revenue coming in stronger than expected you heard jeff talk about bank of america which missed analyst expectations let's talk more about the group and bring in r.j. grant at kbw r.j., good to have you back on wells fargo stock rose because they announced they will add to an $18 billion stock buyback overall, you guys dig into the numbers better than anybody. how have, under the hood, how have the numbers looked? >> good morning, brian thanks for having me on this morning. i do think the narrative coming into earnings is largely playing out with fees strong and positive trading results which we have seen from the bigger banks. the challenge remains on growth. i think bank of america did a good job of talking up positive outlook for the second half. i have to say i think investors feel like the group has had a really big one and they are very happy now to take some profits and see how things develop in the second half of the year. >> what are they waiting for is it really just an i

morgan stanley sees it as a downside risk. and sticking with the expectations that they will delay the taper plan. morgan stanley also seeing headwinds building on china's admission curve. >> a bipartisan senate group has reached a tentative agreement. it marks a significant breakthrough in the drive for massive spending and other critical projects. joe biden says he feels confident about the package which is smaller than he first proposed. nancy pelosi called it good news. >> we very much want it to pass. our chairman is saying we like to see it and perhaps we will have some discussion about it. i can't commit to passing something that i don't even know what it is yet but i am hoping for the best. >> gina raimondo says some tariffs on imported groups can be effective. she cited 2018 steel levees. she has previously defended levees but some rest manufacturers have said they are giving her their business. they're working toward having the u.s. lived the import tariffs by years end. chinese security regulars convened with invest

morgan ortagus.the center virtual seat, jesse watters, cohost of "the five," and author of the brand-new book, "how i saved the world," which we are looking forward to talking about later in the program. welcome to you, jesse. we don't have a complaint yet, but we have with the former president has articulated. in part they said is going to be the biggest class action the world has ever seen because of how many americans he argues were censored by these big tech platforms. >> jesse: i was struck by the very presidential presentation in bedminster. the lawn of reporters, the entourage in the background. the only thing missing was the presidential seal on the podium. >> kayleigh: and look like the white house, the backdrop. >> jesse: i forgot he wasn't president all the sudden, it was good to see him back in action. the president is an adventure and he's doing it now only himself, but on behalf of the american people. that's why it's a class action lawsuit. he and the american people have been treated

morgan, we don't even know where the hell that's going take us. autos before the model t we think the combination of what's going on in south texas with spacex and the human spaceflight, which is some of the most visible human beings on earth, wow just get ready i don't even know what to say. i'm speechless rns and that's rare. >> adam, it's david. i want to let you get back to space because i always learn something listening to morgan as well but just to come back to tesla for a second because i was listening to you you seem to be reducing the total addressable market for their automobiles at the same time you're talking about a lot of positives i can't figure it out. >> all right. >> are you forcing a buy on the stock? help me understand this. >> yeah, people know i have been over, under, equal, everything on tesla, frequently wrong, occasionally lucky, rarely right. so, look, david, it's more than just unit times price. if you put your henry ford hat on, 100-year-old hat, unit times price and then you needed big shares in markets like germany a

morgan also very strong. those bode well for morgan stanley who reports on thursday but we are also going to be looking to see if companies like citi and bank of america who want to build up their equities business are gaining share and that is in the week of the arcade goes fallout related to mass -- ok goes -- archagoes fallout. kathleen: this is act one out of two acts. going into act two, what are the indicators to tell us whether the missing pieces, whether the consumer side, whether the loan growth, whether the interest rate environment is going to come in favorably. allison: -- >> the number one thing that banks need in terms of what investors are looking for is a cup in loan growth in the second half. the second half is the key period. for most of the year. however, head of that, we see weaker card balances for j.p. morgan and citigroup so we all expect trading to normalize. we are getting better fees in the pipeline although that is a little bit smaller. the other good thing on trading revenue is tha

saw goldman sachs and jp morgan.ut equities came in higher than all of this year. so you see the big u.s. banks gaining market share in equities , all areas we know that banks across the rest of the world are finding a harder time winning share in that business with u.s. hedge funds and the biggest asset managers in the world. so what can we look forward to? investors are looking for a story to hang onto. there is still a cost control question. the coo of morgan stanley today really try to make investors focus on the long-term. while also investing in europe with acquisitions and technology to focus on the longer-term competitive story. haidi: when it comes to the broader economic story, how much uncertainty is over recovery? >> that's a great question. it's not that these long books are not recovering, the better question is, the consumer, how much are the actually borrowing to grow those loan books once again? bank of america, j.p. morgan, they have faced harder times in their net interest income so revenue related

morgane: yes. exactly.e markets have not changed much in terms of expectations but if we look at forecasts on when the first rate hike will happen, the forecast are now later on, maybe early 2023 instead of late 2022. the market expects the fmoc to take into account the current situation. however, the market is not expecting a massive change at this meeting. anna: what does this mean for the banking sector? or let's start with the first start, the treasury market -- what would you expect to see in treasuries? what should we watch out from the fed this week? we have also been higher than that earlier this year. i wonder where you see treasuries heading. morgane: i think the treasuries will continue to trade where they are until we have more clarity on whether this will impact more restrictions potentially impacting schools. that would have a significant impact on the economic and academic outlook. if the market sees no major economic impact, than i think there is a potential for yields to increase again espe

morgan chase. how many times is j. p. morgan chase. been convicted of fraud already 5 and nobody goes to jail. but their boss, look at the j. p. morgan chase steals the goldman sachs deals and other deals that i just mentioned from black on black rocket emergency acquisition activity. books are getting much bigger because they're borrowing the money from rough thing. nothing as really the little people say land they have to pay that $27.00 i think is point 5 percent interest rate. when you rate on a day on your credit card. right? absolutely. now that, that's what i call interest rate, apartheid, and i want to get your thoughts on. now looking back at the 1900 seventy's, it was interesting because we had similar high unemployment and a lot of money printing. we had the stack lation. today it's a little bit different in that they are responding with the stimulus tracks and enhanced unemployment benefits as well as rent moratoriums. so consumers don't really care about behind flexion so much. so instead of a war gerald to distract, they

morgan, goldman sachs, morgan stanley, the bank states. they're demanding that their workers get back to work. you know why? because they got the loans from all of this commercial real estate and scrolling down the toilet and they know it. and number 2, they are invested in it. right? sounds like another part is game from wall street. we're going to carry this over to another segment. but for right now journal, thanks for bring on the kaiser report. thank you. all right, that's going to do it for this edition of kaiser report with me mac kaiser and stacy herbert. thank you to gerald sunday until next time by you all the me. ah, the russian president vladimir putin. it's spend a long article on russia and ukraine to say it is evoked a lot of response, also. so long angela murphy, germany long serving chancellor. what will be her last, like i rather driven by dreamers shaped by those with the in me dares thing. we dare to ask me ah, with me ah ah, i use this security camera video and downtown biscuits shows young men grabbing a girl and forc

it was also hard for morgan to listen to. some days she wished she had come to court. when i found out that tammy there's going to testify, i really wanted to be there. because i do look like heather. and she ran into me in the hallway and it was the first time she had other ever made eye contact with me, and then up close and personal with. me i could hear her audibly gasped. but >> when tammy took the stand, she seemed confident, ready to tell her story. she told the jury she wasn't a ruthless kidnap or. she was a mom. >> my youngest is on the far left over there. >> and she was a wife who found out her husband was cheating on her. and initially, tammy said she texted the other woman's phone number to find out who she was. the >> messages were never directed towards heather, they were directed to the mystery person. i just wanted to know who it was. at >> the end of the day, tammy said the only reason she was angry with sidney was because he wasn't forthcoming about his affair. and their marriage, they had an arrangement. >> i said i think it's a good idea to have an

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brake lights out of san martin into morgan hill.to highway 4 we are see a slow commute as well with a 33 minute travel time antioch over toward thest shore and that pass commute busy as well. >>> the live news desk. we have our eye on breaking news going on in chicago right now. going there live where a police officer and two federal agents we shot morning. now we are hearing they were undercover at the time. it may have been driving near m outside of a police station there. the federal agents are with the atf buyer other of alcohol, tobacco and firearms. all three are expected to survive but the suspect still on the loose taking a live look at a nearby neighborhood where an investigation is going on now. this is all in chicago's south side. we are hearing that investigation is directly related to that shooting. this all comes just a day after police reported that over 100 people were shot in chicago over the long holiday weekend including two police officers who were trying to break up a crowd. a violent state of affairs there. we

they are very important on wall street, morgan stanley is the biggest firm, ubs is about half morgangh net worth individuals and ubs is trying to poach brokers from puget sound, from jpmorgan, goldman does have high net worth brokers and they are saying listen if you don't want to come to the office we won't make you in like what james gorman is advocating or appears to be advocating everybody back in the office by labor day. we aren't going there unlike with jamie dimon over jpmorgan is advocating everybody get back now, we're not going to go there and with the opposite of what david solemon is doing at goldman and basically saying listen we think brokers are a large part of our workforce, can work-from-home, so why push you to come into the office and guess what? that's like, you know, it's like extra vacation days or something along those lines it's an incentive. i have not heard of anybody jumping ship other than anybody major teams. that's what you look, major teams that handle a lot of that have a lot of assets under management from rich people, haven't heard of any jumping shi

earlier this week an indonesia man, they do exist morgan. >> what?e except his eyes, so at least he was masked up, that's the picture. he was also carrying a phoney id vaccination card and negative covid test all in his wife's name. the jig was up after an eagle eye flight attendant saw him change clothes in the laboratory. kudos to the flight attendant who likes to watch people change in bathrooms. but this reminds us of a dubious company that tried to cash in when the vaccine was hard to come by. >> want the covid vaccine but don't feel like waiting months for it? frustrated grandma will get it sooner than you. come down to darryl and carol's vaccine important yum. they can cut to the front of the vaccine line. just listen to these satisfied customers. >> here's how i looked before i went to darryl and carol's. harry's how i looked when they were done with me. can't wait to cut that vaccine line. >> before darryl and carol i barely looked old enough to buy beer. now thanks to them i'm ready to go from last to first. sure they stole my wallet but he

morgan, goldman sachs, morgan stanley, the bank states. they're demanding that their workers get back to work. you know why? because they got the loans from all of this commercial real estate and going down the toilet and they know it. and number 2, they are invested in it. right? sounds like another part is game from wall street. we're going to carry this over to another segment. but for right now journal, thanks for being on the kaiser report. thank you. all right, that's going to do it for this edition of kaiser report with me, mac kaiser, and stacy herbert. thank you to gerald. so on day until next time by you all, the me president joe biden invoke civil war parallels with greater frequency. this is ominous and dangerous. unfortunately, it would seem, this is how the major political parties and the media view, the state of our politics in a war, there are casualties and defeat in the culture. wars can one side bank questions, the other the eastern half of the united states were going to have 1000000000, if not trillions of periodical c

but morgan hilled pulled it off, calling the event freedom fest. way to go, morgan hill. >>> east tennessee got a head start on its independence day celebrations. the city of gatlinburg held what they called the first fourth of july parade in the nation. entertainment. it was the first time in two years gatlinburg held this parade after being cancelled for the pandemic in 2020 and because of storms back in 2019. if you want to be the first one, do it as soon as possible to do it. >> dedication. everybody looking happy. >> that's right. very nice. >>> the weather for the most part keeping folks happy unless you're trying to watch fireworks in san francisco. we'll talk about that in a moment as the low clouds start to spill back in towards downtown. we're already seeing the fog over the golden gate bridge and we do think a repeat performance of low cloud cover moving into sf. 61 degrees. san francisco also seeing 60s on the east side of the bay. oakland 68. san jose nice and comfortable, 74 degrees. northwest wind at 15. into the tri-valley, 79 degre

morgan and goldman sachs report today.or european lenders may be off the table. asia stocks power higher after fresh all-time highs on wall street. treasury yields a change and focus now turns to the u.s. cpi print later today. plus, the u.k. scientists warned the country could see 200 deaths per day. in france, macron says vaccines will be compulsory for health care workers. what caught my eye first thing coming in and overnight last night was the new york fed survey of inflation expectations at 4.8% for the next 12 months. a serious high through the data going back to 2013. not all respondents are created equal, are they? manus: no, it is a boomer thing. not that i am a baby boomer. it is from the new york fed, and it talks about people over 60 being most vexed about inflation. that is followed by 40-60, my age group. they remember rates at 15%. i remember a mortgage rate of 5.5% on my first mortgage. and then millennials, they don't care about inflation, it is not top of their list, is it? dani: it is really not, and i

not morgan hill. morgan hill pulled it off calling the event freedom fest. >>> despite the overcast skies, didn't stop people from cooking out in san francisco. a lot of groups set up barbecues in the concrete pit at the beach. a lot of beaches had restrictions last year. you weren't allowed to sit on them. a different scene as you see. for some, this is the first tim other since the start of the pandemic. >> we invited our friends out to come celebrate and have a good time. we have been all cooped up. finally, things have lifted. why not get a bunch of people together on the beach? >> friends in her group met up from all over the bay area. people came in from oakland and all the way up from santa cruz. they were doing dancing. . . >>> a live look at san francisco. that shot right there of the bridge, bay bridge, gives me hope that maybe, maybe the fireworks show coming back tonight -- i'm look at rob. he is not so sure. i'm wondering if it's going to be a fireworks show you can see see. >> we see the

. >>> thank you, scott i am morgan brennan and here is what's ahead we've got interest rates falling to 10-year down. technical levels point to an even bigger drop in an hour we will get the minutes from the fed when the committee started to sound a bit more hawkish we're going to debate which way rates are going to go next >>> chinese stocks selling off again. did u.s. investors overrate. and how welcoming is it to outside investors? >>> plus more people are playing with crypto. you heard that right more people are drinking hard seltzer too, and some people are working less but getting paid the same that is coming up in rapid fire. bu but we are going to begin with the markets on "the exchange." >>> the numbers are green at this point in the market right near session highs we're going to put gold stars next to the s&p 500 and nasdaq both of those major indicis hit record highs at some point earlier in the session keep an eye on those as a point of reference we are tilting high right now at the highs of the day we are up roughly 15 points at the s&p and the lows relatively 14 points

i'm carl quintanilla with morgan brennan at the new york stock exchange david faber is with us remotely and cramer has the day off futures a little weak here not just on amazon's revenue, but warnings about higher costs. inflation data was cooler than expected road map begins with amazon's pandemic effect. shares are down sharply ahead of the open >> plus, more companies are delaying return to work plans amid renewed fears of the covid virus. we're going to break down the implications of the future of the office with the ceo of one of the largest commercial real estate firms. >>> and scarlett johansson versus disney. suing over potentially lost earnings because of its streaming release strategy disney saying it has no merit. >>> we'll start with amazon, going to be a huge story not just for the company and the price action but the overall indices. we've been talking about some of the stellar revenue prints from the mega cap tech companies. and 27 still gets your attention, $100 billion quarter for the third time in a row, but these warnings about slow downs is definitely going to be see