Morning Report: More women are out-earning their husbands

More women are out-earning their husbands, but still pick up a heavier load at home. The share of women who earn as much as or significantly more than their husbands has roughly tripled over the last half-century, according to a new Pew Research Center survey. The report also found women are still doing about as much housework.

Meanwhile, Wells Fargo faces U.S. regulatory heat after the Silicon Valley Bank meltdown. The New York Post reports that representatives from Wells Fargo are slated to meet with staff from the U.S. Office of the Comptroller of the Currency, a key federal regulator for bank. The OCC has slapped Wells Fargo with several so-called “matters requiring attention” or MRAS.

Stocks soared ahead of today’s bank earnings.
Another report confirmed inflation is easing and that helped stocks as well.

It’s a big day for banks. Today, they will share how they are faring after the collapse of Silicon Valley Bank. Analysts expect JPMorgan, Citigroup, and Wells Fargo to show increases in revenue and profit for the first quarter, when compared to last year.

According to UBS analysts, tens of thousands of store closures are looming across the U.S. More than 50 thousand retail locations could permanently shut their doors over the next five years due to ecommerce and a slowdown in consumer spending.