U.S. 30-Year Mortgage Rate Falls to 16-Month Low

The video covers quarterly earnings reports of major airlines, highlighting United's forecasted decline in passenger revenue and American's record profit forecast. Credit Suisse's earnings are boosted by trading, despite a fall in private banking profits. Brady Dougan discusses the impact of market volatility on trading and long-term confidence. Mortgage rates hit a 16-month low, boosting refinancing applications. In Mexico, a telecom competition emerges between Carlos Slim's America Movil and Richard Branson's Virgin Mobile, with both aiming to compete amicably.

Which airline forecasted a potential decline in passenger revenue despite beating earnings estimates?

• United

• Southwest

• American

• Alaska

What was the main factor that boosted Credit Suisse's third-quarter earnings?

• Private banking

• Wealth management

• Retail banking

• Fixed income trading

How does market volatility affect Credit Suisse's trading business?

• It has no effect on the business

• It leads to a decrease in trading volume

• It benefits some trading and macro businesses

• It always has a negative impact

What was the average rate for a fixed 30-year mortgage in the US recently?

• 3.5%

• 4.5%

• 5.0%

• 3.92%

In the Mexican mobile market, who is Richard Branson's main competitor?

• Carlos Slim

• Jeff Bezos

• Warren Buffett

• Bill Gates