Jamie Dimon's `Smackdown' Echoes on Wall Street
Jan. 9 (Bloomberg) -- In today's "Word on the Street," Bloomberg's Stephanie Ruhle looks at JPMorgan CEO Jamie Dimon's comment labeling some top JPM executives "acted like children" in response to last year's London Whale trade . She speaks on Bloomberg Television's "Market Makers.”
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The Crude Reality of BP's Sliding Profits
22:04 - BP Plc, the first oil major to report second-quarter results, said earnings fell 45 percent as lower crude prices continued to erode income and refining margins shrank. Profit adjusted for one-time items and inventory changes dropped to $720 million from $1.3 billion a year earlier, the company said Tuesday. That missed the $819 million average estimate of 13 analysts surveyed by Bloomberg. Downstream earnings, which include refining, declined 19 percent. Bloomberg's Ryan Chilcote reports and Source Head of Multi-Asset Research discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."