Why you should pay attention to bank earnings

Marketplace

Business, News

4.6 • 8.6K Ratings

🗓️ 13 July 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Big banks start reporting earnings tomorrow, covering the first full quarter since the wave of failures in the spring. These reports can help you take the economy’s temperature, and we’ll tell you what to look for. Plus: After a year of disinflation, which price hikes were transitory and which are proving stubborn? Later, we’ll examine the modest debut of Major League Cricket and talk with a yacht broker about how much money she makes. (It’s less than you think.)

Transcript

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0:00.0	Hey everybody, it's Kai.
0:01.6	Listen, is it time to upgrade your car?
0:04.2	Give it new life by donating it to Marketplace.
0:06.8	We'll use the proceeds to bring you more news
0:08.7	about finance and the economy and how they affect you.
0:12.3	Let us turn your old car into a donation
0:14.5	to power the journalism you rely on.
0:16.5	Go to Marketplace.org slash vehicle
0:18.6	to donate your car today.
0:22.7	Space rockets today and cricket
0:26.1	and some economic news, sure.
0:29.6	From American public media, this is Marketplace.
0:41.1	In Los Angeles, I'm Kai.
0:42.5	Rizzo, it is the 13th of July today.
0:45.1	It is always to have you along, everybody.
0:47.3	And we begin on this Thursday, where the money is.
0:52.5	Big Wall Street banks start reporting second quarter
0:55.0	earnings tomorrow.
0:55.9	JPMorgan Chase, city group and Wells Fargo lead the way.
0:59.0	Others will come all through next week.
1:01.8	And we lead with tomorrow's news day
1:04.0	because wrote, though they sometimes can be,
	...

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