Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it.

I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and

I'm going to explore the lessons we can learn when creativity and ambition collide

with competition and power.

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This is Bloomberg surveillance.

It's going to be two years where oil prices are going to be half of where they were before the correction.

And that's a long period of time.

When the Chinese currency moves one, two, three percent against a dollar, the world gets in a tizzy.

When the US markets done well, E.M. has outperformed and in periods where the global markets have had a weaker year Ems have underperformed.

Bloomberg surveillance, your link to the world of economics, finance and investment on Bloomberg Radio.

Good morning everyone, Michael McKee and Tom Key,

Bloomberg surveillance worldwide Bank of America out earlier, a sagi report.

Michael McKee, you're looking at the first headlines from Wells Fargo.

Wells Fargo reporting net income of five and a half billion dollars works out to an earnings

per share of 99 cents.

The consensus of analysts surveyed was for 97 cents.

The headlines are just crossing.

We'll get you all the details as they continue to come in.

But it looks like Wells Fargo may have beaten however you do have to see if they

adjust that earnings per share number and they spike up they do a j.

...