Visa, Mastercard, AmEx earnings: Trump's cap idea 'won't stick'
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Credit card companies, like Visa (V), Mastercard (MA), and American Express (AXP), are reporting quarterly earnings results this week.The earnings reports come as President Trump proposes a 10% cap on credit card interest rates. JPMorgan (JPM) CEO Jamie Dimon said this policy would create an "economic disaster."B. Riley Wealth chief market strategist, Yahoo Finance Senior Reporter Brooke DiPalma, and Yahoo Finance Senior Business Reporter Ines FerrΓ© join Opening Bid host Brian Sozzi to discuss their expectations.To watch more expert insights and analysis on the latest market action, check out more Opening Bid.
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Credit card companies, like Visa (V), Mastercard (MA), and American Express (AXP), are reporting quarterly earnings results this week.The earnings reports come as President Trump proposes a 10% cap on credit card interest rates. JPMorgan (JPM) CEO Jamie Dimon said this policy would create an "economic disaster."B. Riley Wealth chief market strategist, Yahoo Finance Senior Reporter Brooke DiPalma, and Yahoo Finance Senior Business Reporter Ines FerrΓ© join Opening Bid host Brian Sozzi to discuss their expectations.To watch more expert insights and analysis on the latest market action, check out more Opening Bid.