Bank of America & Morgan Stanley earnings, slowing retail sales: 3 Things

The bank earnings train keeps on rolling as Bank of America and Morgan Stanley report this morning. Bank of America posts an earnings beat with mixed forecasts, while Morgan Stanley also reported a beat with net interest incomes reporting underwhelming shareholders. Lastly, U.S. retail sales data slowed in the month of June. Yahoo Finance's Julie Hyman breaks down several of the leading stories this morning.