Bloomberg Markets: Breaking Down Bank Earnings, FaceBook Change

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Bloomberg Markets: Breaking Down Bank Earnings, FaceBook Change

GUESTS: Kenneth M Leon Analyst:Equities CFRA Discussing earnings from JPMorgan and Wells Fargo with Bloomberg Intelligence Analyst Arnold Kakuda. Scott Devitt Managing Director/Internet Analyst Stifel Nicolaus & Co Inc Discussing caution flag today on Facebook with Jitendra Waral,
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JPMorgan lost $273 million on a single client in the fourth quarter

Other banks are expected to be impacted by Steinhoff's accounting loss as well. Citigroup, HSBC, Goldman Sachs, and Nomura initially extended a margin loan to an entity controlled by now-former Steinhoff chairman Christo Wiese, according to the Wall Street Journal, and the losses from the loan were
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US Core Inflation Accelerates

The 0.3 percent monthly increase in the core CPI topped the 0.2 percent median estimate of economists surveyed by Bloomberg. Shelter costs rose 0.4 percent, the most since August, including a 0.4 percent increase in rents and 0.3 percent in owners' equivalent rent, one of the categories designed to
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GKN Shouldn't Surrender for $9.5 Billion

GKN Plc's defenses could scarcely be weaker in the face of Friday's unsolicited takeover approach from plucky deal machine Melrose Industries Plc. But the British engineer was right to reject this audacious proposal. Its shareholders, however desperate for a boost, should be wary of surrender.
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Forgotten America Can Still Be Saved

Infrastructure spending, better transit and denser development would make a difference. So would helping people move. by. Noah Smith. @Noahpinion More stories by Noah Smith. January 12, 2018, 2:00 AM PST. There's a way out. Photographer: Luke Sharrett/Bloomberg. It's no secret that some parts
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