Highlight of the Week
JP Morgan posts record revenue above Wall Street expectations
- Q3 profit rose 8% to $8.1b or $2.68 per share compared with $2.45 expected
- The bank cited home loans, auto and credit cards – exceeding expectations on the strength of consumer banking
Rate Curves
Rapid Report:
President Trump abruptly withdraws U.S. military from northern Syria
- In a decision blasted by Republican allies like Rubio and Graham, the U.S. military will withdraw support for the Kurds against the Turkish military
- Trump defends the withdrawal saying “endless wars must end”
- Former Defense Secretary James Mattis had resigned over Trump’s desire to leave Syria and warns “ISIS will resurge” without U.S. pressure on Syria
M.B.A. programs see steep decline in applications
- Elite M.B.A. programs like Harvard, Stanford, and MIT saw applications fall for a 5th consecutive year – this year by a whopping 9.1%
- The dramatic shift was driven largely by international students fearing an inability to obtain employment visas – U.S. international applications fell by 13.7% – while applications to business schools in China rose by 5.7% in 2019
Georgia falls to South Carolina in 2OT
The 24-point home favorites were undone by a 4-0 turnover margin
