US Bank Earnings Defy Gloomy Forecasts: Expert Analyzes Economic Implications | EWTN News Nightly

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Morgan Stanley became the latest US financial institution to beat estimates for third quarter profits and after the news, its shares went up 7%. Other US banks also beat gloomy third-quarter forecasts including Citigroup and Bank of America. Editor, columnist and senior analyst at Stockinvestor.com, Paul Dykewicz, joins to take us through the stronger than expected earnings from US banks, what it means for the economy and whether this could impact the election in just 3 weeks. On another note, in a discussion with Bloomberg, former President Donald Trump reiterated his plan to impose across-the-board tariffs on imported foreign goods. Some economists worry the proposal might raise prices. Dykewicz shares more about this. The economy remains the number 1 topic. Dykewicz explains which candidate this favors and whether he sees it changing before the election. ------------ EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf