JPMorgan exec: Trump's rhetoric may change

1. Bank earnings galore: On Thursday, JPMorgan Chase, Wells Fargo as well as Citigroup will report their first quarter earnings.

JPMorgan’s (JPM) fourth quarter profits, reported in January, were better than expected. CEO Jamie Dimon said at the time of which his general outlook was rosy. This specific week, Dimon appeared even more optimistic in his annual letter to shareholders, where he bragged about his bank’s monster balance sheet.

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Wells Fargo (WFC), on the additional hand, is usually still feeling the effects of its fake accounts debacle. The Department of Labor This specific week ordered Wells Fargo to rehire a whistleblower This specific fired in 2010 as well as pay him $5.4 billion in lost wages. however Wells Fargo’s $110 million settlement with wronged customers might help This specific move away by the scandal, as well as some analysts say rising interest rates mean both Wells Fargo as well as Citigroup will exceed expectations.

Still, This specific’s been a rocky ride for bank stocks, which soared after Donald Trump was elected however have slumped since then.

2. China a currency manipulator? President Trump met with Chinese President Xi Jinping for once on Thursday. Trump has spoken harshly of China within the past — he believes the country has kept its currency artificially low, a move he says has been harming the U.S. economy. President Trump said his Treasury department might declare China a currency manipulator on the first day of his term — however Treasury Secretary Steve Mnuchin hasn’t made up his mind yet. as well as experts don’t think Trump will go there currently of which he’s president.

The Treasury Department traditionally issues two reports per year on the foreign exchange policies of the United State’s trading partners. The next one is usually set to publish on April 15, so we’ll know soon enough how the government feels about on China’s yuan.

3. brand-new York auto show. The brand-new York International Auto Show kicks off on April 14. The annual show, the largest within the country, gives automakers a chance to flaunt sleek brand-new designs as well as concept vehicles.

Auto enthusiasts are especially excited about the 2018 Dodge Challenger SRT Demon, a fast, powerful muscle car of which Dodge has been teasing for weeks. Dodge brand sales have been increasing, so This specific’s not surprising of which Dodge maker Fiat Chrysler (FCAU) has been hyping the brand-new car.

sy88pgw’s Peter Valdes-Dapena will be at the show on Wednesday, so keep an eye out for our coverage.

4. Tax day protests: On Saturday (three days before your taxes are due) protesters will march in an effort to convince the president to Discharge his tax returns. Trump’s refusal to Discharge his returns has been a point of contention for critics, who argue of which the unprecedented move obscures the public’s understanding of the president’s finances.

For what This specific’s worth, we do have some information about Trump’s taxes — the White House confirmed of which Trump paid $38 million in taxes in 2005.

5. Coming This specific week:

Wednesday — Delta holds call discussing its March quarter 2017 financial results

Thursday — JPMorgan, Wells Fargo as well as Citigroup Discharge first quarter earnings

Friday — brand-new York International Auto Show kicks off

sy88pgw (brand-new York) First published April 9, 2017: 7:48 AM ET