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FBN’s Diane Macedo breaks down the stories moving the markets around the world.
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Sports aren't we just got earnings in from target and the discount store chain is -- an adjusted profit of one dollar and eleven cents a share the estimate there was.
One dollar one cents that's -- beat.
On earnings for target revenue came in at sixteen point 54 billion dollars that was slightly below the estimate for sixteen point 85 billion.
GE capital is resuming payments to its parent company for the first time in three years the subsidiary has declared a quarterly dividend of 475.
Million dollars from the second quarter.
It also plans to pay GE four point five billion dollars special dividend this year.
And GE says it intends to speed up its stock buyback program from the second quarter depending on market conditions.
JPMorgan Chase is two billion dollar trading loss will likely be the hot topic of discussion at today's hearing on Capitol Hill over bank regulation.
The house financial services subcommittee.
We'll be focusing on how to regulate firms that could bring down the overall financial system.
And assuming -- the hearing was called before JPM's loss was revealed.
But lawmakers are expected to discuss the vocal rule which aims to keep banks from trading on their own profit.
JPMorgan chief Jamie Dimon has been a vocal critic of that rule but some including the Treasury Secretary Timothy Geithner say the bank's recent loss help support the case.
For those tougher rules Connell back and this is that story broke we knew that's what it was -- turn -- -- -- about regulation Diane.
Thank you very much.
