- JPMorgan Chase reports second-quarter profit of $6.5 billion or $1.60 a share.
- Net revenue comes in at $26.0 billion.
- The consensus estimate among analysts was EPS of $1.44 on revenues of $24.84 billion.
AT&T says it will buy Time Warner in $85.4 billion deal that would combine a global telecom operator with the media company steeped in television and film.
A rate hike could prompt borrowers to unwind carry trades, leading to a vicious asset deflationary cycle.
Jim Cramer ponders why M&A is just the start of the story and also wonders what a Democratic sweep would do to the markets.