Earnings Season Kicks Off; Default Fears Still Loom; The Former N.Y....

Breaking News This Morning ...

Earnings Season Kicks Off: JPMorgan and Wells Fargo reported third-quarter results this morning. A big theme this earnings season, according to the Journal's "Ahead of the Tape" column, will be the upward trajectory of long-term interest rates. That trend's bad for post-crisis profit boosters like mortgage refinancing and fixed-income trading, but generally positive in the long term for, you know, core banking. Receiving Wide Coverage ... ...