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.

What impact does Brady Dougan believe volatility has on Credit Suisse's businesses?

What is the significance of the mortgage rates hitting a 16-month low?