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JPMorgan Chase the largest bank in the country kicking off second quarter earnings season for the banks.
-- instead it's projected two billion dollar loss tied to bad trades.
That's swelled to four point four billion dollars.
The bank also said that it was reducing its first quarter profits but 459.
And ask for the second quarter JP said it earned five billion dollars CEO Jamie -- said the bad tree incident was isolated to its London office.
And that it has overhauled that divisions.
And Wells Fargo is reporting higher earnings for the second quarter thanks to a pick up and lending and a decline in the amount of bad loans.
China's once red hot economy is slowing down China's second quarter GDP print it at seven point 6% which was actually the slowest growth in three years.
And US wholesale prices rose last month because food is getting more expensive and so -- pickup trucks.
Those -- -- another drop in energy prices the Labor Department says the so called Producer Price Index increased -- tenth of 1% in June.
After a steep drop of 1% in May tests.
For more on how JPMorgan is dealing with their major trading -- log on foxbusiness.com.
In New York online Cincinnati.
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