12 Burst results for "Ethan Harrison Harrison"

"ethan  harrison" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:21 min | 8 months ago

"ethan harrison" Discussed on Bloomberg Radio New York

"In over a 120 countries This is Bloomberg radio Now a global news update Secretary of State Antony Blinken and defense secretary Lloyd Austin are said to be taking part in meetings in Kyiv today Ukrainian president zelensky announced the surprise visit on Saturday although there has been no confirmation from The White House Congresswoman Victoria spartz is calling for the reopening of U.S. diplomatic facilities in Ukraine That's a part of your job to do your service and if you are not on the ground it's very difficult to do your job Appearing on CNN State of the Union the Ukrainian born Indiana Republican stressed the importance of having a visual American presence in the country She suggested moving the U.S. embassy temporarily to lviv which has seen fewer Russian attacks since the start of the invasion The longest serving Republican senator in history has died Orrin hatch passed away this weekend the Utah lawmaker was in Congress for 42 years from 1977 until 2019 He died Saturday in his Salt Lake City home surrounded by family He was 88 years old That's the latest I'm Dina kodiak Your listening to balance and power with David Westin on Bloomberg radio My conversation with Bank of America's CEO Brian moynihan continues for his view on how the U.S. consumer is holding up despite rising inflation and interest rate hikes We're not seeing people buy less things yet because frankly because of some of the shortages any price is fine So they're willing to pay the price So the transaction volume of our customers activity is going up 7 8% the dollar volume is going up higher and that That means you know some of that's just price increases So corporate world is making good profits They're passing through when they can and you're seeing that in some of the corporate earnings it will be a very interesting earnings season But they're out either handling the shortages and are paying the inflation It can't go on forever that way and that's why the fed has a job to bring the inflation back in line because that kind of spiral is not healthy but it takes rapid movement to get more efficient and rapid movement to move price and with more wages people can pay the prices and do their things So when you're talking about your corporate clients particularly are you seeing much wage pressure and therefore margin compression are they concerned about that They're all concerned about getting workers more than they are about the price because they've all raised wages dramatically Over the last 24 months So to get the workers off the sidelines and you're starting to see that come true you start seeing just in the last step our economist in Martin was telling me that basically the number of people who quote early retired a large had come back in the system So you're starting to see the people come back to the wage force participation rate has to go back up But it's really can I get workers It's not the price because people feel the shores of workers is a shorter project a shorter popular shortage of sales And they're trying to get them and those people in services business It's even more acute Brian you mentioned earlier the anticipation that the fed is going to be raising rates They pretty much said they're going to do that We heard from the Chicago fed president Charles Evans and the economic club of New York And one of the things he talked about was how far he thinks they're going to have to go This is part of what he had to say Probably we are going beyond neutral I mean that's my expectation when I see that taking out special factors I'm still left with three to three and a half percent inflation That's not what we want If we put two and a half percent inflation rate I think we have more things to ponder there So Brian he's saying that he expects at least that the fed will go above the neutral rate Does that make sense to you And by the way do we know where the neutral rate is Well I think our economists likewise going back almost two months ago now put a pretty aggressive at the time they said 7 rate increases 7 quarter point rate increases this year and people were like that can't happen and all of a sudden the market moved with them So our people are pretty thinking they got to move pretty quickly and they have the license to do it because they're talking about three 50 basis point hikes at the next three meetings and things like that So Ethan Harrison team better to give you the exact estimates But the reality is if you even listen to chair pow and others and just like the president there the ideas are going to have to move past because the inflation is much higher than what they were dealing with and that team was barely getting the target level Now it's clearly through it And so the move passed it But they'll bring it back down I mean people forget to come up and come down if they have to It's not like they just sit there and wait it out So yes they're going to have to move higher than what people may feel short term rate is what the economists believe And I think the data shows With the move from the fed obviously we're seeing actually the negative real yield actually flirt with positive believe it or not Backup deposit real yield Assuming that happens which seems to be where the fed is heading what does that do for your business The question is if it's done the right way and it's going up for the right reasons you don't have a deep recession Banking is making more money because the flip of that real yield is we have been effectively subsidizing our customers because of what we call the zero floor So what is your floors Real rates go below zero We can't give a consumer less than zero in their accounts We stop at zero That squeezes our margins As the rates go back up we have it Frankly you remember I've been CEO of since 2010 And most of my career isn't a zero rate environment It's just a short period of time where it moved and went right back down with a pandemic but the rallies will make more money and we told people what those estimates were for NII at 600 plus $1 million next quarter and then grows from there And we have a 2 trillion deposits and they're very stable and it'll be very good for our bank Given that it's done in a way that doesn't create a deep recession on your side $2 trillion in deposits is really important The last time I checked I think Bank of America is the largest dollar deposit taker in the world Do you have to pay more for those deposits in a world where you're going to positive real yields in the rates are going up And it's been a long time since we actually bought CDs and we thought we didn't make some money off of them Well that's what happened So the more rate sensitive product goes up But the rowdy is 40% of those 2 trillion are not interest bearing So zero is zero in any environment And the only question is will people pull money out of the accounts that didn't happen last time They actually grew during the repricing cycle we grew all through and even during the fit balance sheet being leveled off and came down a little bit Now this is different There's just a lot more liquidity in the system and we'll see it in money will go into markets if the returns are better and it's short term medium term treasury rates go up and money market funds have become more attractive but we have those products too So we place our customers where they get the best deal But what drives our deposit base is the huge non-interest bearing checking accounts We have 5 million more digital customers.

Antony Blinken Lloyd Austin zelensky Victoria spartz U.S. embassy fed Dina kodiak David Westin Bloomberg radio Brian moynihan Chicago fed economic club of New York Orrin hatch Kyiv lviv U.S.
"ethan  harrison" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:00 min | 8 months ago

"ethan harrison" Discussed on Bloomberg Radio New York

"CEO Brian moynihan continues for his view of how the U.S. consumer is holding up despite rising inflation and interest rate hikes We're not seeing people buy less things yet because frankly because of some of the shortage is any price is fine So they're willing to pay the price So the transaction volume of our customers activity is going up 7 8% the dollar volume is going up higher than that That means you have some of that's just price increases So corporate world is making good profits They're passing through when they can and you're seeing that in some of the corporate earnings it'll be a very interesting earnings season But they're out either handling the shortages and are paying the inflation It can't go on forever that way and that's why the fed has a job to bring the inflation back in line because that kind of spiral is not healthy but it takes a rapid movement to get more efficient and rapid movement to move price and with more wages people can pay the prices and do the things So when you're talking about your corporate clients particularly are you seeing much wage pressure and therefore margin compression Are they concerned about that They're all concerned about getting workers more than they are about the price because they've all raised wages dramatically Over the last 24 months So to get the workers off the sidelines and you start to see that come true you start seeing just in the last our economist Denmark was telling me that basically the number of people who quote early retired a large had come back in the system So you're starting to see the people come back to the wage force participation rate has to go back up But it's really can I get workers It's not the price because people feel the shortage of workers is a shorter project a shortage of products is shorter than sales And they're out trying to get them and those people to services business It's even more acute Brian you mentioned earlier that anticipation that the fed is going to be raising rates They pretty much said they're going to do that We heard from the Chicago fed president Charles Evans and the economic club of New York And one of the things he talked about was how far he thinks they have to go This is part of what he had to say Probably we are going beyond neutral I mean that's my expectation when I see that taking out special factors I'm still left with three to three and a half percent inflation That's not what we want If the two and a half percent inflation rate I think we have more things to ponder there So Brian he's saying that he expects at least that the fed will go above the neutral rate Does that make sense to you And by the way do we know where the neutral rate is Well I think our economists likewise going back almost two months ago now put a pretty aggressive at the time they said 7 rate increases 7 quarter point rate increases this year and people were like that can't happen And all of a sudden the market moved with him So are people taking they got to move quickly and they have the license to do it because they're talking about three 50 basis point hikes at the next three meetings and things like that So Ethan Harrison team better to give you the exact estimates But the reality is if you even listen to the chair pal and others and just like the president there the ideas are going to have to move past because the inflation is much higher than what they were dealing with in that team where it was barely getting the target level Now it's clearly through it And so the move But they'll bring it back down I mean people forget they'll come up and come down if they have to It's not like they just sit there and wait it out So yes they're going to have to move higher than what people may feel short term rate is what the economists believe And I think the data shows With the move from the fed obviously we're seeing actually the negative real yield actually flirt with positive believe it or not Backup deposit real yield Assuming that happens which seems to be where the fed is heading what does that do for your business The question is if it's done the right way and it's going up for the right reasons you don't have a deep recession Banking is making more money because the flip of that real yield is we have been effectively subsidizing our customers because of what we call the zero floor So what does ear floors Yeah we real rates go below zero We can't give a consumer less than zero on their counts We stop at zero That squeezes our margins As the rates go back up we have it Frankly remember I've been CEO of since 2010 And most of my career isn't a zero rate environment It's just a short period of time where it moved and it went right back down with the pandemic but the rallies will make more money and we told people what those estimates were for NII have 600 plus $1 million next quarter and then grows from there and we have a 2 trillion deposits and they're very stable and it'll be very good for our bank Given that it's done in a way that doesn't create a deep recession on your side $2 trillion in deposits is really important The last time I checked I think back of America is the largest dollar deposit taker in the world Do you have to pay more for those deposits in a world where you're going to positive real yields in the rates are going up And it's been a long time since we actually bought CDs and we thought we didn't make some money off of them Well that's what happened So the more rate sensitive product goes up But the rowdy is 40% of those 2 trillion are not interest bearing So zero is zero in any environment And the only question is will people pull money out of the accounts that didn't happen last time they actually grew during the repricing cycle we grew all through and even during the fit balance sheet being leveled off and came down a little bit Now this is different There's just a lot more liquidity in the system and we'll see it in money will go into markets if the returns are better and it's short term medium term treasury rates go up and money market funds have become more attractive but we have those products too So we place our customers where they get the best deal But what drives our deposit base is the huge non-interest bearing checking account We have 5 million more digital customers.

fed CEO Brian moynihan Chicago fed economic club of New York Ethan Harrison Charles Evans Brian America Denmark
"ethan  harrison" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:16 min | 8 months ago

"ethan harrison" Discussed on Bloomberg Radio New York

"News update Ukrainian president zelensky will meet with Secretary of State Antony Blinken and defense secretary Lloyd Austin in Kyiv tomorrow That's according to zelensky who made the announcement at a news conference today The White House declined to comment on the report President Biden says the climate change crisis can't be ignored speaking in Seattle during earth day Biden called it an opportunity to transition to a clean energy economy Here's Julie Ryan The president said that includes mass production of electric vehicles and charging stations across the U.S. Biden signed an executive order Friday on the changing climates effects on U.S. forests We're going to work with state and local and tribal governments to map catalog and then conserve old growth forests in our public lands Police in Washington D.C. say the gunman in an apparent sniper attack is dead after wounding four people yesterday investigators say 23 year old Raymond Spencer recorded the shooting on Friday and posted the video on social media He was found dead from an apparent self inflicted gunshot wound That's the latest I'm Dina kodiak Your listening to balance and power with David Westin on Bloomberg radio My conversation with Bank of America's CEO Brian moynihan continues for his view on how the U.S. consumer is holding up despite rising inflation and interest rate hikes We're not seeing people buy less things yet because frankly because of some of the shortest is any price is fine So they're willing to pay the price So the transaction volume of our customers activity is going up 7 8% the dollar volume is going up higher in that That means you know some of that's just price increases So corporate world is making good profits They're passing through when they can and you're seeing that some of the corporate earnings will be a very interesting earnings season But the reality they're handling the shortages and their payload the inflation It can't go on forever that way and that's why the fed has a job to bring the inflation back in line because that kind of spiral is not healthy but it takes a rapid movement to get more efficient and rapid movement to move price and with more wages people can pay the prices and do the things So when you're talking about your corporate clients particularly you're seeing much wage pressure and therefore margin compression Are they concerned about that They're all concerned about getting workers more than they are about the price because they've all raised wages dramatically Over the last 24 months So to get the workers off the sidelines and you start to see that come true you start seeing just in the last step our economist and Mark was telling me that basically the number of people who quote early retired a large had come back in the system So you're starting to see the people come back to the wage force participation rate has to go back up But it's really kind of get workers It's not the price because people feel the shortage of workers is a shorter project A shortage of products is shorter than sales And you know they're out trying to get them And those people are services business It's even more acute Brian you mentioned earlier that anticipation that the fed is going to be raising rates They pretty much said they're going to do that We heard from the Chicago fed president Charles Evans and the economic club of New York And one of the things he talked about was how far he thinks they're going to have to go This is part of what he had to say Probably we are going beyond neutral I mean that's my expectation when I see that taking out special factors I'm still left with three to three and a half percent inflation That's not what we want If the two and a half percent inflation rate I think we have more things to ponder there So Brian he's saying that he expects at least that the fed will go above the neutral rate Does that make sense to you And by the way do we know where the neutral rate is Well I think our economists likewise going back almost two months ago now put a pretty aggressive I think at the time they said 7 rate increases 7 quarter point rate increases this year and people were like that can't happen And all of a sudden the market moved with him So our people are pretty thinking they got to move pretty hard quickly and they have the license to do it because they're talking about three 50 basis point hikes at the next three meetings and things like that So Ethan Harrison team better to give you the exact estimates But the reality is if you even listen to the chair pal and others and just like the president there the ideas are going to have to move past because the inflation is much higher than what they were dealing with in 19 where there's barely getting the target level Now it's clearly through it And so the move But they'll bring it back down I mean people forget they'll come up and come down if they have to It's not like they just sit there and wait it out So yes they're going to have to move higher than what people may feel short term rate is what the economists believe And I think the data shows it With the move from the fed obviously we're seeing actually the negative real yield actually flirt with positive believe it or not Backup deposit real yield Assuming that happens which seems to be where the fed is heading what does that do for your business The question is if it's done the right way and it's going up for the right reasons you don't have a deep recession The other side banking is making more money because the flip of that real yield is we have been effectively subsidizing our customers because of what we call the zero floor So what is air floors Yeah we real rates go below zero We can't give a consumer less than zero on their accounts We stop at zero That squeezes our margins As the rates go back up we have it Frankly remember I've been CEO of since 2010 And most of my career isn't a zero rate environment It's just a short period of time where it moved and went right back down with the pandemic but the rallies will make more money and we told people what those estimates were for NII at 600 plus $1 million next quarter And then grows from there And we have a 2 trillion deposits and they're very stable and it'll be very good for our bank Given that it's done in a way that doesn't create a deep recession on your side $2 trillion in deposits is really important The last time I checked I think back of America is the largest dollar deposit taker in the world Do you have to pay more for those deposits in a world where you're going to positive real yields in the rates are going up And it's been a long time since we actually bought CDs and we thought we didn't make some money off of them Well that's what happened So the more rate sensitive product goes up But the rowdy is 40% of those 2 trillion are not interest bearing So zero is zero in any environment And the only question is will people pull money out of the accounts that didn't happen last time they actually grew during the repricing cycle we grew all through and even during the 5th balance sheet being leveled off and came down a little bit Now this is different There's just a lot more liquidity in the system and we'll see it in money will go into markets if the returns are better and it's short term medium term treasury rates go up and money market funds have become more attractive but we have those products too So we place our customers where they get the best deal But what drives our deposit base is the huge non-interest bearing checking accounts We have 5 million more digital customers.

zelensky Antony Blinken Lloyd Austin President Biden Julie Ryan Washington D.C. fed Raymond Spencer Biden Dina kodiak David Westin Bloomberg radio Brian moynihan America Chicago fed economic club of New York Kyiv
"ethan  harrison" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:28 min | 8 months ago

"ethan harrison" Discussed on Bloomberg Radio New York

"Latest news evicting world markets powered by more than 2700 journalists and analysts in over a 120 countries This is Bloomberg radio Now a global news update Secretary of State Antony Blinken and defense secretary Lloyd Austin are set to visit Kyiv Sunday Ukrainian president zelensky revealed the news during a Saturday news conference They'll be the highest ranking U.S. officials to visit Ukraine since the start of Russia's invasion word of the visit comes on the heels of a deadly missile strike on the southwestern seaport of Odessa Ukrainian officials say at least 5 people were killed and 18 others injured in the attack President Biden is talking about his plans to reduce the cost of prescription drugs speaking at green river college in auburn Washington the president announced he once Congress to limit the price of insulin to $35 a month which is three times what it costs to make the drug Former president Trump is holding a rally tonight in Ohio the Delaware county Republican Party will host Trump for a save America rally at the fairgrounds north of Columbus tonight's rally follows a keynote address Trump gave in Florida Thursday where he claimed the Russian invasion of Ukraine wouldn't have happened under his watch That's the latest I'm Julie Ryan You're listening to balance and power with David Westin on Bloomberg radio My conversation with Bank of America's CEO Brian moynihan continues for his view on how the U.S. consumer is holding up despite rising inflation and interest rate hikes We're not seeing people buy less things yet because frankly because of some of the shortage any price is fine So they're willing to pay the price So the transaction volume of our customers activity is going up 78% the dollar volume is going up higher in that That means some of that's just price increases So corporate world is making good profits They're passing through when they can and you're seeing that in some of the corporate earnings it'll be a very interesting earnings season But they're out either handling the shortages and they're paying the inflation It kick on forever that way and that's why the fed has a job to bring the inflation back in line because that kind of spiral is not healthy but it takes rapid movement to get more efficient and rapid movement to move price And with more wages people can pay the prices and do other things So when you're talking about your corporate clients particularly are you seeing much wage pressure and therefore margin compression are they concerned about that They're all concerned about getting workers more than they are about the price because they've all raised wages dramatically Over the last 24 months So to get the workers off the sidelines and you're starting to see that come true you start see just in the last step our economist and Mark was telling me that basically the number of people who quote early retired a large had come back in the system So you're starting to see the people come back to the wage force participation rate has to go back up But it's really kind of get work It's not the price because people feel the shortage of workers is a shorter project a shortage of popular sales and they're out trying to get them And those people are services business It's even more acute Brian you mentioned earlier the anticipation that the fed is going to be raising rates They pretty much said they're going to do that We heard from the Chicago fed president Charles Evans and the economic club of New York And one of the things he talked about was how far he thinks they have to go This is part of what he had to say Probably we are going beyond neutral I mean that's my expectation when I see that taking out special factors I'm still left with three to three and a half percent inflation That's not what we want If we wanted to and a half percent inflation rate I think we have more things to ponder there So Brian he's saying that he expects at least that the fed will go above the neutral rate Does that make sense to you And by the way do we know where the neutral rate is Well I think our economists likewise going back almost two months ago now put a pretty aggressive at the time they said 7 rate increases 7 quarter point rate increases this year and people were like that can't happen And all of a sudden the market moved with them So our people are pretty thinking they got to move pretty hard Quickly And they have the license to do it because they're talking about three 50 basis point hikes at the next three meetings and things like that So Ethan Harrison team better to give you the exact estimates But the reality is if you even listen to your chair pal and others and just like the president there the ideas are going to have to move past because the inflation is much higher than what they were dealing with in 19 where there's barely getting the target level Now it's clearly through it And so the move passed it But they'll bring it back down I mean people forget they'll come up and come down if they have to It's not like they just sit there and wait it out So yes they're going to have to move higher than what people may feel short term rate is what the economists believe And I think the data shows it With the move from the fed obviously we're seeing actually the negative real yield actually flirt with positive believe it or not Back up to positive real yield Assuming that happens which seems to be where the fed is heading what does that do for your business The question is if it's done the right way and it's going up for the right reasons you don't have a deep recession Banking is making more money because the flip of that real yield is we have been effectively subsidizing our customers because of what we call the zero floor So what does your floors real rates go below zero We can't give a consumer less than zero on their accounts We stop at zero That squeezes our margins As the rates go back up we have it Frankly remember I've been CEO of since 2010 And most of my career isn't a zero rate environment It's just a short period of time where it moved and it went right back down with a pandemic but the rallies will make more money and we told people what those estimates were for NII 600 plus $1 million next quarter and then grows from there and we have a 2 trillion of posits and they're very stable and it'll be very good for our bank Given that it's done in a way that doesn't create a deep recession on your side $2 trillion in deposits is really important The last time I checked I think back of America is the largest dollar deposit taker in the world Do you have to pay more for those deposits in a world where you're going to positive real yields in the rates are going up And it's been a long time since we actually bought CDs and we thought we didn't make some money off of them Well that's what happened So the more rate sensitive product goes up But the rowdy is 40% of those 2 trillion are not interest bearing So zero is zero in any environment And the only question is will people pull money out of the accounts that didn't happen last time they actually grew during the repricing cycle we grew all through and even during the fit balance sheet being leveled off and came down a little bit Now this is different There's just a lot more liquidity in the system and we'll see it in money will go into markets if the returns are better and it's short term medium term treasury rates go up and money market funds have become more attractive but we have those products too So we place our customers where they get the best deal But what drives our deposit base is the huge non-interest bearing checking accounts We have 5 million more digital customers than we did in 19 to give.

Trump Ukraine Antony Blinken Lloyd Austin zelensky green river college Delaware county Republican Par fed Julie Ryan David Westin Bloomberg radio Brian moynihan America Chicago fed economic club of New York Kyiv Odessa
"ethan  harrison" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:01 min | 8 months ago

"ethan harrison" Discussed on Bloomberg Radio New York

"Conversation with Bank of America's CEO Brian moynihan continues for his view of how the U.S. consumer is holding up despite rising inflation and interest rate hikes We're not seeing people buy less things yet because frankly because of some of the shortage is any price is fine So they're willing to pay the price So the transaction volume of our customers activity is going up 7 8% the dollar volume is going up higher and that That means you have some of that's just price increases So corporate world is making good profits They're passing through when they can and you're seeing that in some of the corporate earnings it will be a very interesting earnings season But they're out either handling the shortages and are paying the inflation It can't go on forever that way and that's why the fed has a job to bring the inflation back in line because that kind of spiral is not healthy but it takes rapid movement to get more efficient and rapid movement to move price and with more wages people can pay the prices and do other things So when you're talking about your corporate clients particularly are you seeing much wage pressure and therefore margin compression are they concerned about that They're all concerned about getting workers more than they are about the price because they've all raised wages dramatically Over the last 24 months So to get the workers off the sidelines and you're starting to see that country you start seeing just in the last economist Denmark was telling me that basically the number of people who quote early retired a large had come back in the system So you're starting to see the people come back to the wage force participation rate has to go back up But it's really can I get workers It's not the price because people feel the shortage of workers is a shorter project a shorter positive shorter sales And they're out trying to get them And those people are services business It's even more acute Brian you mentioned earlier the anticipation that the fed is going to be raising rates They pretty much said they're going to do that We heard from the Chicago fed president Charles Evans and the economic club of New York And one of the things he talked about was how far he thinks they're going to have to go This is part of what he had to say Probably we are going beyond neutral I mean that's my expectation when I see that taking out special factors I'm still left with three to three and a half percent inflation That's not what we want If we wanted to and a half percent inflation rate I think we have more things to ponder there So Brian he's saying that he expects at least that the fed will go above the neutral rate Does that make sense to you And by the way do we know where the neutral rate is Well I think our economists likewise going back almost two months ago now put a pretty aggressive I think at the time they said 7 rate increases 7 quarter point rate increases this year and people were like that can't happen and all of a sudden the market moved with them So our people are pretty thinking they got to move quickly and they have the license to do it because they're talking about three 50 basis point hikes at the next three meetings and things like that So Ethan Harrison team better to give you the exact estimates But the reality is if you even listen to chair power and others and just like the president there the ideas are going to have to move past because the inflation is much higher than what they were dealing with in 19 where it was barely getting the target level Now it's clearly through it And so the move passes but they'll bring it back down I mean people forget they'll come up and come down if they have to It's not like they just sit there and wait it out So yes they're going to have to move higher than what people may feel short term rate is what the economists believe And I think the data shows it With the move from the fed obviously we're seeing actually the negative real yield actually flirt with positive believe it or not Back up to positive real yield Assuming that happens which seems to be where the fed is heading what does that do for your business The question is if it's done the right way and it's going up for the right reasons you don't have a deep recession Banking is making more money because the flip of that real yield is we have been effectively subsidizing our customers because of what we call the zero floor So what does your floors real rates go below zero We can't give a consumer less than zero on their accounts We stop at zero That squeezes our margins As the rates go back up we have it Frankly remember I've been CEO of since 2010 And most of my career isn't a zero rate environment It's just a short period of time where it moved and it went right back down with a pandemic but the realities will make more money and we told people what those estimates were for NII at 600 plus $1 million next quarter And then grows from there And we have a 2 trillion deposits and they're very stable and it'll be very good for our bank Given that it's done in a way that doesn't create a deep recession on your side $2 trillion in deposits is really important The last time I checked I think Bank of America is the largest dollar deposit taker in the world Do you have to pay more for those deposits in a world where you're going to positive real yields in the rates are going up And it's been a long time since we actually bought CDs and we thought we didn't make some money off of them Well that's what happened So the more rate sensitive product goes up But the rowdy is 40% of those 2 trillion are not interest bearing So zero is zero in any environment And the only question is will people pull money out of the accounts that didn't happen last time they actually grew during the repricing cycle we grew all through and even during the fit balance sheet being leveled off and came down a little bit Now this is different There's just a lot more liquidity in the system and we'll see it in money will go in the market if the returns are better and it's short term medium term treasury rates go up and money market funds have become more attractive but we have those products too So we place our customers where they get the best deal But what drives our deposit base is the huge non-interest bearing checking accounts We have 5 million more digital customers.

fed Brian moynihan Chicago fed economic club of New York Bank of America Ethan Harrison Charles Evans Brian Denmark U.S.
"ethan  harrison" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:29 min | 8 months ago

"ethan harrison" Discussed on Bloomberg Radio New York

"Beyond neutral I mean that's my expectation when I see that taking out special factors I'm still left with three to three and a half percent inflation That's not what we want If the two and a half percent inflation rate I think we have more things to ponder there So Brian he's saying that he expects at least that the fed will go above the neutral rate Does that make sense to you And by the way do we know where the neutral rate is Well I think our economists likewise going back almost two months ago now put a pretty aggressive at the time They said 7 rate increases 7 quarter point rate increases this year and people were like that can't happen and all of a sudden the market moved with them So our people are thinking they got to move pretty quickly and they have the license to do it because they're talking about three 50 basis point hikes at the next three meetings and things like that So Ethan Harrison team better to give you the exact estimates But the reality is if you even listen to the chair pow and others and just like the president there the ideas are going to have to move past because the inflation is much higher than what they were dealing with in 19 there was barely getting the target level Now it's clearly through it And so the move passes But they'll bring it back down I mean people forget they'll come up and come down if they have to It's not like they just sit there and wait it out So yes they're going to have to move higher than what people may feel short term rate is what the economists believe And I think the data shows it Yeah so with the move from the fed obviously we're seeing actually the negative real yield actually flirt with positive believe it or not Back up to positive real yield Assuming that happens which seems to be where the fed is heading what does that do for your business Well the question is if it's done the right way and it's going up for the right reasons you don't have a deep recession Banking is making more money because the flip of that real yield is we have been effectively subsidizing our customers because of what we call the zero floor So what does zero floors when real rates go below zero We can't give a consumer less than zero on their accounts We stop at zero That squeezes our margins As the rates go back up we have it The way you think about that David is when they went from two to two and a half target rate last cycle just that very end of the cycle And those 12 month period are deposits grew 5% in our rate maxim rate pay was around a hundred basis points or 80 basis points or something like that Why is that true Because the checking balance is zero don't go up And that's why it's good for our bank is because we basically been at a floor which is basically been subsidizing a customers for many years And frankly remember I've been CEO of since 2010 And most of my career isn't a zero rate environment It's just a short period of time where it moved and went right back down with a pandemic but the realities will make more money and we told people what those estimates were for NII 600 plus $1 million next quarter and then grows from there And we have a 2 trillion of posits and they're very stable And it'll be very good for our bank Given that it's done in a way that doesn't create a deep recession on your side $2 trillion in deposits is really important The last time I checked I think back of America is the largest dollar deposit to take her in the world Do you have to pay more for those deposits in a world where you're going to positive real yields in the rates are going up And it's been a long time since we actually bought CDs and we thought we didn't make some money off of them Well that's what happened so that more rate sensitive product goes up But the rowdy is 40% of those 2 trillion are not interest bearing So zero is zero in any environment And the only question is will people pull money out of the accounts that didn't happen last time They actually grew during the during the repricing cycle we grew all through and even during the 5th balance sheet being leveled off and came down a little bit Now this is different There's just a lot more liquidity in the system and we'll see it in money will go in the markets if the returns are better and it's short term Medium term treasury rates go up and money market funds have become more attractive but we have those products too So we place our customers where they get the best deal But what drives our deposit base is the huge non-interest bearing checking accounts you know 35 million check accounts We have 5 million more digital customers than we did in 19 to give you a sense And I think we have 3 million more checking customers than we did in 19 And those customers that money's money in motion stays with us and stays a little in our middle market banking stuff It's similar a little different mix type of debate But it's a similar thing to operating accounts I mean that is the money it's emotional as companies So we have a lot of customers with their operating accounts therefore a lot less sense of the highest we got last time I think it was 80 basis points Brian you mentioned earlier this horrific war going on over in Ukraine All of us I think are horrified but we're watching I understand Bank of America doesn't really have much exposure in Russia.

fed Ethan Harrison Brian David America Ukraine Bank of America Russia
"ethan  harrison" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:39 min | 9 months ago

"ethan harrison" Discussed on Bloomberg Radio New York

"Side of the economy come spring summer as we're getting beyond the worst of COVID We were expecting huge pickups in things like travel and vacation linked items And I think that that's really going to be one of the areas where we see the severe impacts of these kind of energy prices particularly if they're persistent So our call for to own consumer services is really had to become a lot more muted and that's where our concern is focusing is on consumer behavior Lisa when talk about multiples it has to do also with fed policy with the idea that rates may not go lower in response to the shock but rather the opposite and that's certainly what number of people are considering with that still 7 rate height call over a Bank of America as John was mentioning How have you reached your expectations for the fed for yields and the relationship as negative real yields don't seem to make a difference right now for this risk sector Yeah so look that is in an incredibly tough position and our sense is they absolutely positively have to get off the zero bound if for no other reason than they need some dry powder to do something in the next 6 months if in fact we have a recession And so I know that this sounds perverse but they kind of have to give themselves some room while they still can And so we're in the camp that says Powell's got to stick to his guns Here he's got to get at least two or three hikes in before kind of the fourth quarter Now that's nowhere near Maybe the 6 or 7 that were discounted at the worst moments But I think what this really puts into question is whether they can do balance sheet action because as we know when you have these kind of huge spikes in commodity prices it really has an impact on global dollar liquidity And so we had been in the camp that says you know he's really got to start working that balance sheet and working balance sheet down I think that's the thing that more than interest rate hikes that's been thrown into question is whether they can do anything on the balance sheet with this kind of market turbulence Lisa Shannon thank you As always from Morgan Stanley a tough time for anyone trying to work in this equity market and work out the future here Looking ahead to Thursday these are the estimates So Mike Farley over at JPMorgan goes with 8% Morgan Stanley and zeta of the team go at 8% might gaping and Barclays is 7.9 Ethan Harrison Bank of America at 7.9 The median term is 7.8 but some really well-known figures there on Wall Street looking for an 8 handle They're looking for an 8 handle and then we'll see from there I mean I guess I really wanted John as a Thursday inflation report matter anymore 'cause it's such old news I mean I can't believe I'm saying that What's on my can We ignored payroll didn't we Yeah That's what we did on Friday Lisa and we're going to ignore America Except that it's a starting point rather than an ending point A lot of people thought that we were going to see peak oil prices and peak energy peak inflation And that's obviously off the table right now John can I point out and I want to be careful because we don't do technical analysis tick by tick on surveillance But the fact is I'm going to do it John Oil coming off the bottom of yesterday is making a series of higher lows That's not an opinion that's a fact The year to date move now looking along the year to date column on the Bloomberg terminal up 62% year to date on WTI up 63% there's the move The president of the United States sector ban U.S. imports of Russian crude as soon as today The headline from our team at Bloomberg the president of the United States set to ban U.S. imports of Russian crude as soon as today Here's the important additional headline The U.S. will do this without the participation of European allies So go through this again The president according to our sources set to ban U.S. imports of Russian crude as soon as today and they will do that without the participation of European allies crude right now one 22 70 by 2.7% standing by AMH down in D.C. And Marie you have to break this one walk us through it Well John it's pretty obvious given the fact that the administration has come under immense amount of pressure one if they weren't going to announce this it was going to come from Capitol Hill The second is we need to remember these imports of Russian oil and other petroleum products already on a massive low into the United States because already the market for 6 days market participants have been shutting these assets They do not want to deal with what is now considered potentially Putin's toxic assets They didn't know if legally you'd be an issue morally obligations So already this was already happening in the industry and now the U.S. is just putting a stamp on it They have more interesting part is that obviously this is them acting unilaterally in the sense that we did have Canada also do this but Canada imports so little because they are a major producer But still this will put more pressure now on Europe which at the moment just can not do it They can not survive without Russian fossil fuel So walk us through the details here at Marie of exactly what they're going to be banning of how long it's going to last whether it's retroactive what exactly are the logistics of putting through a band like this unilaterally given the fact that Russian imports may only account for 3% of all crude shipments but 8% of our refined goods and other petroleum products Yeah well considering also in this band is oil LNG and coal but obviously oil is the most important one And while it sounds like a little bit Russian imports into the United States actually ranked third ahead of Canada and Mexico and even before a U.S. key ally in the gulf Saudi Arabia Now for a while this was a huge feat and win for the Kremlin The president Putin has wanted to kill U.S. shale as part of the reason why they were so almost reckless in sense of the price war during the pandemic in 2020 And then they were also just exuberant the fact that actually the United States of America was accepting Russian crude even over a key Saudi ally So symbolically this is very important Unsure of how long this could last but in the sense.

United States of America Lisa Shannon Morgan Stanley Mike Farley Ethan Harrison Bank of America John Lisa John Oil Bank of America Powell JPMorgan fed Barclays Marie Bloomberg Putin
"ethan  harrison" Discussed on Xtra Sports Radio 1300 AM

Xtra Sports Radio 1300 AM

01:58 min | 2 years ago

"ethan harrison" Discussed on Xtra Sports Radio 1300 AM

"And ties the game 22. Soft at center ice. We're all even at two apiece. Air Force will win this tap and cook as it wraps it around behind the net. Picked up by Bentley deep in the chip out of there. By Ethan Harrison to Van Row boys and hold the phone. We got a whistle. We got a penalty behind the play. It's going to be an interference call. They're going to get Marshall Valerie. That is their forces coming out of its own and trying to get out. Valerie called for interference right down in front of us. He goes to the box for two minutes third penalty of this game. Hold on air Force Bentley over to tonight on the power play 10 48 left in the third. We're tied two Falcons need dig in right here. Can't we just scored there feeling pretty good right now? They got some momentum and they got the power play. He's up in front of shilling back to the blue line. It goes. This is Novak drifting there finds Lombard dozy. He will shoot saved by Schilling picked it in behind the net, picked up back there by Bentley. But take away by air force and they were able to rule Send it out of there. Lombard does he tried to keep it in at the blue line, it got past him. Back skate into his own and long past and he's got a man out there. That's the font take comes in shot saved by Schilling just got a piece of it and redirected it. From that far post. Captain played by Bentley bouncing puck out front. There's a fine take trying to step it past. Schilling takes one crack at it takes another crack at it. Shillings, got the puck underneath him as he's down in the paint. And I huge pile of bodies on top and all around, Alex shilling and some guys still going at it pretty good. Both benches. You can hear the coaches yelling, Stay out of their stay out of they don't want any penalties. In this situation, Valerie still in the box for Air Force, but chilling had to make about.

Air Force Marshall Valerie Bentley Schilling Lombard dozy Falcons Alex shilling Ethan Harrison Van Row Novak
"ethan  harrison" Discussed on Xtra Sports Radio 1300 AM

Xtra Sports Radio 1300 AM

04:30 min | 2 years ago

"ethan harrison" Discussed on Xtra Sports Radio 1300 AM

"Had to be really good over the last several minutes to keep this game tied of one 4 17 left in the second. Norland on the dot career force. Far side Circle Fountain skate away with the pop that's cook. Cook taps it ahead to King to Blake. Bride. Bride comes out of their lost the Pocket center ice right back in to the Air Force, and it goes Dalton Weigel in the near corner. Dodges the linesman down their skates around him comes away with the pocket. It's kept in it. The blue line again by Bentley rimmed around to the other side and bride can't send it in with him. The defenseman at the blue line. Now the punk goes back and forth back and forth and right at the blue line is where all this is happening. Bentley now get to steal Here's Bentley. Wouldn't pressure on air Force right here or pass across and right in front of the net. His Hamlet in the puck popped into the air Hamlet swinging at it couldn't quite make contact. It's back to the blue Line. Vanilla Villella fires One end is blocked by air Force out to the neutral zone. This is gonna be cooked cooked will send it in some fresh legs. Come on the ice for Air Force, and Bentley will bring it up and turn it over. In the air force in back to the neutral zone. It goes. It's knocked out of the air there by AJ Villella. Taken away here by Brandon Cook. Cook comes in one man to beat buyers away, and that shot is blocked by Christian Felton. Bentley up with it following the block. And this is icing. No icing. They play on the puck is behind the air Force net rimmed around to the near side. Marchand keeps it in at the blue line feeds down low. Or walk, but welcome. Welcome sense it behind the net and coming out from behind the net. And a lot of traffic. There is Ethan Harrison Harrison to Marchand. Marchand's Gets it to Felton Felton with a drive right down the slot. Never got in hip bodies and it redirects to patch Opinsky patch. Hippensteel skated up, dump it in. Falcons have it deep in the Bentley and that they turn it over there below the goal line that Lee comes right back. But on net from the blue line, that shot was taken by Qazi has saved blocker saved by Schilling kicks out a long rebound in the neutral zone. Bentley with the pot here they come. Bentley relentless another shop that drive there by a recent blocked out front. Never got in concert. Tried to pick it up over here in the corner. Couldn't do it. They send it behind the net and the Falcon skate away with it here. With space at center ice Here is Gavin. Will Gavin skates in goes into the corner. Lombardo's e mugs him in the corner takes the puck away. There's Bentley after the takeaway in the breakout and kaze big guy muscles his way in, drops it behind to arreaza. Teresi expend moves and he finds he passes right out in front tried to find a man there on the doorstep. But he passed it right to one of the Falcons, who turns sends it up the ice for the icing call. Air force needed that because there was a big flurry. There were white jerseys. There was a loose puck. Schilling was down on the ice. I think that might have been Murad. Just the goddess stick on that threw it out of danger, which was a good icing call for airports. 1 28 left second period title one. On the dot Novak and Bowery Bowery wins it in the corner, and the Falcons get a chance to dump it out of the zone. And do it got past the Lila at the blue line all the way deep into the Bentley end. Born will grab it for Air Force. Nate Horn past blocked. I'm going over to help out Thomas baskets. He's outnumbered there and Bentley. I'll have the puck. Health. Malcolm's doing a good job defensively, keeping Bentley bottled up. And now here's the breakout for Bentley Santer. No, no look pass intercepted by Weigel Weigel. Send it back to center Ice. Roswell has it They're spins away from pressure. Gets it to no back no back with the past, broken up momentarily by noting that ends up on the stick. Don't Hamlet. Hamlet. And Bentley cycle it over on the far side. Now they reverse it to the near side. Along the half boards. It's going to be grabbed by Zach Maraj is no look passes broken up, intercepted a shot half the post and covered up by shilling in the paint. I don't think that was in, although it was really close as Ethan Harrison Darn near broke the 11 tie with the shot there..

Bentley Air Force Falcons Bentley Santer Brandon Cook Dalton Weigel Marchand Christian Felton Schilling Pocket center Ethan Harrison Harrison AJ Villella Ethan Harrison Zach Maraj Nate Horn Gavin King Hippensteel
"ethan  harrison" Discussed on Xtra Sports Radio 1300 AM

Xtra Sports Radio 1300 AM

01:30 min | 2 years ago

"ethan harrison" Discussed on Xtra Sports Radio 1300 AM

"Off. In front of shilling Qazi on the dock for Bentley. Against Bowery wins the tap it. Air force comes away with the puck in the corner advancing, but only as far center rice is going to be Gavin. Then he coughs it up. Atley sends it right back in garages with the chance to pick it up along the wall sends it to cook Cook lost the pocket. It's held in that the blue line by Bentley shot in from there and that got through a lot of traffic, and it's a pad save by Alex shilling to keep this a 11 time. Pockets behind the net cooked From behind the Net, finds a man that's horn horn or tripping ahead for no Noten with speed catches up to the pot, but he's got too much steam he puts on the brakes. He's in too deep to take. The shot tried to feed from the corner taken away by Bentley, but note gets a stick in their taps it free. It's still lose along the far boards. Bentley will come away with the puck. Skating away with it is going to be Ethan Harrison rims it around to the near side. It's intercepted momentarily by air Force and ask us gaskets, then went into a defender of stick battle going on. Along the wall near side and that center ice Bentley will have the puck. They drill it back into the air Force in played by Alex Shilling gives it to a teammate. Cook going by to Robinson up the right wing Robinson will send it in and leaving the goal mouth is the goaltender Kirk. He'll play the pump. No, he'll just sit on it because there were a couple of blue jerseys in the.

Bentley Alex Shilling air Force Cook Gavin Bowery Robinson Noten Qazi Ethan Harrison Skating Atley Kirk
"ethan  harrison" Discussed on Xtra Sports Radio 1300 AM

Xtra Sports Radio 1300 AM

03:19 min | 2 years ago

"ethan harrison" Discussed on Xtra Sports Radio 1300 AM

"Right at the Blue line and Bentley outside on the plane, and that's one of those situations. The Air Force just has to find a way to at least get one, and we talked about last night when Bentley had the five on three, followed by the five on four. They were able to get those two goals to take a four gold lead. Air Force had that golden opportunity and wasn't able to score. Pal comes will win the faceoff, but the puck gets by Jake Levinson escape back deep in his own end from behind the net. 11 comes out and Jake 11 stick handles to the neutral zone lost the puck and it's taken away by Bentley. Long pass ahead toe. Welcome. Welcome near Circle comes in shoots seeds made by feeling big rebound here the hash marks and crashing from there. Wasilla's Who? Fante. He tried to follow up on that rebound, but he had a defender right in his face couldn't do it. The puck is still loose in the air Force end rimmed around and kept in a the blue line by Harrison Harrison will send it in behind the net. It spins all the way around, and Bryan Adams, with the chance to get it out of the zone is able to do it. No icing. On the long dump in Bentley, a rather air force world get fresh legs on the ice. And here comes Bentley looking for something here that is going to be Ethan Harrison. He fires one that misses the net dried and it's dug out of the corner by then row boys Hambro boys to Martian with a shot in another saved by shilling in the rebound. His picked up in front of that by air forces. Will Gammon. Pitched out of there by 11. And this one is pitched way out of there into the scans. Yeah, and again, short glass right here down in front of us. And Levin just tried to chip that out of his own and at home, that puck gets out because it hits off the high glass here. Bentley. It gets up into the stands. So the face off stays in the air Force and 11 16 44 left in the second. Valerie's into Take this draw against Jack of Novak, draft choice of the Ottawa Senators and Bowery wins the tap. Gavin Gavin. I'll pitch it into the Bentley and and go after it. But beating him to that park is even Roswell. Roswell comes out. Turns it over Outfront Horn has it He escapes across the goalmouth from left to right. Doesn't pull the trigger, tried to pass it. Instead, it's intercepted, taken back and then taken back by air Force leads to a shot in the drive there by Zach Garages is just wide wanted to go top shelf lifted a little bit too high and wide left. Rogers gets back from the blue line fires away and Mrs White again. Bentley sends it the other way showing wants an icing call, but no call. They play on. This is Novak from behind the net feeding outfront intended for Hamlet broken up by air Force out to the blue line. Bavaro will keep it in a pot. Gradel's around and finally, horn gets it and Horn will send it the other way. And this will be icing on air Force. Sure, looked like Bentley was gonna ice that puck in the Novak ends up winning the race. And you heard from Talk about in the pregame show about winning races. While Bentley is winning the majority of the races to those loose pucks, and that was one in particular, Schilling came out to play a chilling ends up getting knocked down on the play. He gets up. He's fine, but Bentley gets another offensive zone face off. In front of shilling Qazi on the dock for Bentley. Against Bowery wins the tap it. Air force comes away.

Bentley Air Force Outfront Horn Novak Bowery Jake Levinson Roswell Harrison Harrison Ethan Harrison Gavin Gavin Bryan Adams Wasilla Schilling Levin Qazi Bavaro Zach Garages Ottawa Gradel
"ethan  harrison" Discussed on Xtra Sports Radio 1300 AM

Xtra Sports Radio 1300 AM

04:57 min | 2 years ago

"ethan harrison" Discussed on Xtra Sports Radio 1300 AM

"Here we go. Air Force will skate from right to left in period number one here the Falcons in their road blues with the gray silver and white trim. Let me in the white tops with the dark pants and the dark numerals and helmets. And our officiating crew as the lights come back on at the rink and the O'Brien, Ryan Sweeney, same referees, same linesman Bobby Griffin, Shane Canali, the puck down its center ice and we are underway here in Walton, Massachusetts. Puck in the neutral zone dumped into the air Force in Falcons Go after it. They pick it up behind the net, rimmed around to the near side to rhyme rhyme along the half wall in a scrape there with welcome. It sends it to the other side of the ice, and Sean Noten will dump it out to the neutral zone where it's tracked down by Bentley's Ethan Roswell. He'll send it back into the air Force end. Picked up behind the net. Skating out of there with the puck is Alex Maynard Maynard all drilling ahead to note we'll dump it in taken right back and a long stretch past finds Welcome at the Blue Line of Air Force comes in, but the Falcons cut him off. Had to pass. He sends up a cross and from the wall. It's fired at the net there. That was Santer. No with the drive, but it's steered wide. Back down to the neutral zone were center. No chases it down, gets it up ahead to know back who's written out of the play. He returns to Santer. No, not expecting it. It hit him in the skate and a loose puck picked up by Air Force. This is Maraj is coming in trying to muscle his way around the defender Drew Bavaro, who doesn't let him They take the puck away and send in the other direction. Center. No picks it up. He drops it behind for Four. Um, the shop there that steered wide by Schilling. That was Jack up, Novak. Top line for Bentley did a lot of damage last night. They had an opportunity there. Shilling makes to save puck in the neutral zone, picked up by Lambert Dozy ahead for March and March, and the captain will drop pass to the blue line. It's intercepted by Air Force Falcons turn. They go the other way, but bride will cough it up Justice. He entered the Bentley and so far most of the play in the air Force and you're in the neutral zone. The Isis clear in front of the Bentley goaltender Frasier clerk Kirk Puck is in the air Force and again shilling watches over his left shoulder. The battle in the corner. The puck comes out of the corner, and it comes to Felton at the point. He'll rim it in behind the net, trying to pick it up back there, but unable to do so. On the other side, it's at the point fired in from thereby Marchand, but it's redirected in the air. It lands in the corner. Sprint all the way around. Trying to keep it in at the blue line was Mariza he does it's grabbed by Ethan Harrison in the near corner, battling there with cook for the puck. Couple. Other players joined the fray. Right now we're 2.5 minutes in no score the puck, spending most of the time in the air force and digging it out from behind the net. For Bentley is gonna be Schlegel Haslet, and that feeds went out front for a shot that's knocked down by showing puck comes back to Ethan Harrison, who took the shot. He feeds to the blue line. They get it up top, sent down the slide but blocked out front by one of the Air Force defenders poked out of there by the Falcons and Gavin skates in one against four. They take the puck away from him. Comes right back in this one. He's put on net from about 70 Ft. Away. Shilling knocks it down, gives it to a teammate going by. And here come the Falcons Bowery gets in a head to London. Lionel chip it back to Bowery boundaries in the corner near side comes off the corner gets it to posture. Pinsky lost the puck. Taken away by welcome Welcome trying to dance around Maynard. The defenseman got around him. Coming over to help out was 11 Falcons force a turnover battle for the pocket in front of the Air Force bench. Now the action is hot and heavy right now the chefs. Key, who scored the first goal of the game, comes away with the puck and feeds Marchand. Marchand's pass is blocked against the back. The Bentley and chased down by Lambert, Josie. Here we go. Lombard, does he Keeping his own and rhyme trying for a takeaway can't quite do it in the neutral zone. Dass kiss gets a hand on the pump, knocks it down note and comes away with it. Here's Sean, noting that a goal in yesterday's game noting pulls up he's got space feeds across For many of her. Maraj is his flashing toward the net. But he's cut off has to turn around to feed back to the blue line. There's waigo feeding rhyme rhyme with the re direct from the hash marks knocked down by the goaltender. Ryan picks it up in the corner. Ryan has him on the goal line, tried to feed out front for gaskets couldn't get to it in time. Why go takes a whack at it? That one ends up in the corner near side gaskets in the corner. Fighting off a couple of defenders.

Air Force Falcons Kirk Puck Bentley Air Force Falcons Alex Maynard Maynard Air Force bench Ethan Roswell Ryan Sweeney Marchand Sean Noten Santer Shilling Ethan Harrison Felton Lambert Dozy Massachusetts Josie Maraj