Citigroup Inc

Dow Jones

Dow Jones Today Falls Over 180 Points as White House Proposes Additional Tariffs

The Dow Jones today fell over 180 points in Wednesday's premarket trading as trade tension between the United States and China escalated once again.

This morning, President Donald Trump's administration has threatened new tariffs on roughly $200 billion in Chinese goods.

This announcement comes on the heels of the last Friday's imposition of $50 billion worth of tariffs on Chinese goods.


What I Learned on the Mega-Banks' Earnings Calls

Last Friday, the first wave of bank earnings reports hit Wall Street, when JPMorgan Chase & Co., Citigroup Inc., and scandal-stricken Wells Fargo & Co. released their first-quarter financials.

Now, ask any one random person in a "Man in the Street"-style interview what they'd expect of the "Too Big to Fail" banks' performance, and I'd bet you would get a shrug and hear something like, "I dunno – they probably made a ton of money, right?"

And that random person would be right… by about half. The big banks do make a ton of money, to be sure, but that's not the most important reason to sit up and pay attention.

That's right: Even if you don't own a single share, big bank earnings calls are a can't-miss event.

Listening to the big bank conference calls is like listening in on closed-door conversations with the U.S. financial industry's most powerful players.

These bankers not only control most of the economy's loans and deposits, but they also get a very clear picture each quarter of how individuals and businesses are faring and where they appear to be heading.

The calls are a road map, essentially, or a cheat sheet that can give you some dynamite investing ideas, not to mention precious intelligence on the state of the American economy.

That's why I never miss one - and you don't have to, either, because I'll let you in on what I heard...

Dow Jones

Dow Jones Today Shakes Off Losing Streak as Earnings Season Begins

The Dow Jones today projected a second straight day of strong gains as companies begin to report their first quarter earnings of 2018.

Dow futures were up nearly a 150 points in pre-market trading, despite the lingering threat of a trade war and Middle Eastern conflict still hanging over the markets.

Investor are paying close attention to a key round of banking reports that will hit the markets before the bell.