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Real vision daily briefing live without a net Friday edition. I'm live with Ed Harrison and Jack Farley. Welcome gentlemen.

Thank you.

Great to be here. Ash, you have the net, right?

There is no net, Jack. There is no net.

Ash, you had one job.

Talking of one job, you guys obsessively watching markets all week long, you're one job.

Tell us, what are you seeing, what's crossed your attention, and what's important for people to know right now?

Hey, Jack. I mean, you and I, right before I started talking, we were talking about the same thing earnings.

I know the market's down today, and you're going to give us the numbers, but earnings have been really good.

And Jack, he ran through a bunch of numbers that were very nice. Why don't you tell us what those numbers look like, Jack?

Sure. Ed, well, so far about a few hundred companies have reported their earnings of the S&P 500, and about 90% of them have actually beaten the expectations from the street.

Now many say that those expectations are artificially low, so to make the companies look good, and of course that's true.

But 90% is still very high. In fact, I was reading a paper earlier that's found that the average beat for S&P 500 companies over the past five years was around 74%.

So 90% is very good. And to give you another point of context, in the KBW bank index, it's an index that has 24 bank stocks.

Ed, do you want to take a guess how many of those 24 bank stocks beat their earnings?

Well, I'm guessing since I saw on my screen that the bank stocks hit 52 week highs today, that the answer is every single one.

Yes, that is exactly true. I'm actually surprised that you got that.

And yeah, every 24 of 24 made that access, making a chart earlier. It's a remarkable chart. So yeah, earnings good across the board today in terms of price action.

You had Asia opened up very weak, the hang saying down about 2%. That weakness bled into US equity markets.

In action, tell us about that later, bonds are very flat. You saw a little commodity weakness as well, but that's the price action. I want to get into the big themes with you guys.

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