00:00And in news overseas, JPMorgan Chase reported a 9% increase in first quarter profits reaching $14.6 billion,
00:09with revenues up 8% to $45.3 billion, surpassing analysts' expectations.
00:15The growth was driven by strong trading revenues, especially in equities and derivatives, amidst market volatility.
00:21However, CEO Jamie Dimon warned of considerable turbulence in the economy
00:26due to geopolitical tensions, trade wars, and other economic risks.
00:31Investment banking activity slowed as clients grew more cautious.
00:35The bank also increased its loan loss reserves by $973 million,
00:40signaling preparation for potential economic downturns.
