Monday, January 12, 2026

Meddling With Primal Forces

BARTIROMO: This morning, JP Morgan's stock is down 3%, American Express is down sharply. Analysts say this is going to see an impact on 2026 earnings of these credit card companies between 25% and 250%.

BILL PULTE: Well, I would defer to President Trump on this specific policy. Obviously I support it. He knows exactly what he's doing.
Navarro on Jerome Powell: "If you actually look at what he's being investigated for, it looks like there's luxury elevators and dining rooms ... we know he made false statements. The only question is whether he was aware and did it with malice." (Note that even Maria Bartiromo isn't really buying it.)
And it’s going so well, too: This will be reassuring.

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