PODCAST: Brown on budget, big banks report earnings
Share Now on:
JPMorgan Chase and Goldman Sachs reported fourth-quarter earnings today. Goldman’s report shows it making a lot more money than forecasters expected. And JPMorgan beat expectations by a little bit. Looking wider, an improving housing market is part of why many big financial firms are doing so well.
It’s not just mega-banks reporting earnings today — eBay reports as well. After a year when its stock rose more than 60 percent, expectations are the auction site will be strong.
California is famous for wild politics and massive budget deficits. Those have recently been in the tens of billions of dollars. But just last week, Gov. Jerry Brown announced something unthinkable until recently: a balanced budget. Marketplace Morning Report host Jeremy Hobson spoke earlier with the governor about how this happened and what it could mean for the state.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
You make our
Support nonprofit news you love with a gift today.