From: "Paul V. Morris" 4

From: "Paul V. Morris" 4 To: Jeffrey Epstein <[email protected]> Subject: CIO Weekly Letter: With earnings, it's "global first" Date: Wed, 26 Jul 2017 17:31:54 +0000 PBIG logo ;CIO Weekly With earnings, it's "global first" Notwithstanding chatter about "America First," rarely have the stars aligned so well for U.S. multinationals—or firms with a global footprint and, therefore, global exposure. The one-two combo from accelerating non-U.S. global growth in conjunction with a weaker U.S. dollar makes for the perfect earnings brew for a number of U.S. firms across a swath of industries. It also marks a significant departure from the past few years. Learn more in the new Weekly Letter, With earnings, it's "global first", and feel free to contact us to talk about how we might put insights of this kind to work for you. Sincerely, The Morris Group Private Wealth Manager If you prefer not to receive future emails from click here Investing involves risk, including the possible loss of principal. Read the latest Weekly Letter The Morris Group Private Wealth Manager The investments or strategies presented do not take into account the investment objectives or financial needs of particular investors. It is important that you consider this information in the context of your personal risk tolerance and investment goals before making an investment decision. Investments have varying degrees of risk. Some of the risks involved with equities include the possibility that the value of the stocks may fluctuate in response to events specific to the companies or markets, as well as economic, political or social events in the U.S. or abroad. EFTA01039703 Investments in foreign securities involve special risks, including foreign currency risk and the possibility of substantial volatility due to adverse political, economic or other developments. These risks are magnified for investments made in emerging markets. Investments focused in a certain industry may pose additional risks due to lack of diversification, industry volatility, economic turmoil, susceptibility to economic, political or regulatory risks and other sector concentration risks.< There are special risks associated with an investment in commodities, including market price fluctuations, regulatory changes, interest rate changes, credit risk, economic changes and the impact of adverse political or financial factors. Neither Merrill Lynch nor any of its affiliates or financial advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisons. Merrill Lynch makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S") and other subsidiaries of Bank of America Corporation ('BofA Corp."). The Private Banking and Investment Group is a division of MLPF&S that offers a broad array of personalized wealth management products and services. Both brokerage and investment advisory services (including financial planning) are offered by the group's private wealth advisors through MLPF&S. The nature and degree of advice and assistance provided, the fees charged, and client rights and Merrill Lynch's obligations will differ among these services. Investments involve risk, including the possible loss of principal investment. The banking, credit and trust services sold by the group's private wealth advisors are offered by licensed banks and trust companies, including Bank of America, M., Member FDIC, and other affiliated banks. Investment products: Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. i 2017 Bank of America Corporation. All rights reserved. I ARBVKTQW 07/2017 EFTA01039704