Plus more ceos head to trump tower. And another automaker, another emissions probe. We will fill you in on that. But it is all about the banks this morning. Wells misses, j. P. Morgan beats, b of a posts some mixed results. Jim, you just tweeted enough with the binary trade. What do you mean by that . Were in a difficult situation here because there are people whove been saying the banks have run up so you got to sell them. Thats trader talk. When i was at a hedge fund i would say ill put out bank of america at 23 buy back at 22. 88. These are unbelievable quarters, theyre unbelievable because theyve become growth stocks, cocacola, they do not have the ability to run this organic growth. These are remarkable quarters and we just started. Bank of america haechbt seen the gains yesterday. Numbers im looking at ive calculated 100 basis points in fed increase, you get 3 billion more. Just added on. Do you think that Proctor Gamble can put up that kind of number . 600 million baked in the n
Good morning. Welcome to Worldwide Exchange. Im sara eisen. Im wilfred frost. Good morning to you from me. Its throwback thursday. Were throwing it back with a super bowl theme between some of the best half time show performances in history. Have you ever seen a half time show . I have. On tv. Do you watch the super bowl in the uk . People do but you have to stay up late to watch it. Its the highlighted of the game for nonfootball fans. First the half time show, then the ads. Which also trend widely. I have seen some of them, but not all of them. You will tell me which ones . Coming up. I dont remember a lot of them. Beyonce was a highlighted. Gaga this year. Congratulations to beyonce. Yes. Pregnant with twins. Well lead with that instead of the markets. Nice to mention it. We will move on to the markets because i dont have much else to say other than warm congratulations. Lets check in on the markets. They are lower. 72 points on the dow. The s p down by 8 points. Nasdaq down by 23 p
Decline but negotiations continue between two Food Industry giants. Unilever rebuffing merger proposal from kraft heinz in what would be one of the biggest deals ever. Plus stocks pull back. Was the record run for the dow and u. S. Markets overly bullish . And four weeks since taking the oath of office, President Trump tries to focus on jobs and manufacturing. Hell visit a boeing plant in South Carolina later this morning. First up though, kraft heinz looking to create a consumer powerhouse confirming it has made a takeover proposal to unilever. The initial proposals been rejected unilever saying it undervalues the company. But kraft says it looks forward to reaching an agreement with unilever, adds of course theres no guarantee one will be reached. We finally have some numbers to work with, david, and im sure you got so color behind that. Yeah, luckily able to speak to some people who, you know, at least are familiar with whats going on here. Why are we learning about this . Well, sto
Markets and rates. First word news here is emma chandra. The white house is firing back at msnbc for releasing details of President Trumps tax returns. He paid 38 million in tax rates of 150 million. The white house said you know you are desperate for ratings when you are willing to violate the law to publish two pages of tax returns. At the whitemp met house with the saudi deputy afterwards, and saudi adviser says there is a significant shift in relationships. In europe, the netherlands is voting today on the measure of the first spread of populism. The antiislam candidate, Geert Wilders, once the netherlands to pull out of the European Union and to hold immigration. The Prime Minister, mark rutte, says he will not enter an alliance with Geert Wilders. China says they will keep opening its doors and they notice that bilateral trade and investment created a million jobs in the u. S. Last year. Global news, 24 hours a day. Powered by our more than 2600 journalists and analysts, in more
Assertion that no deal is better than a bad deal. I am nejra cehic in london. Good morning. Lets get your markets first. We are looking at the stoxx 600. We saw a close lower after initial games, fairly steady now. See the carmakers really underperforming, down 1. 3 . The asiant happen in session. It is feeding through from the u. S. Car data we got from the u. S. Yesterday. The car sales coming in, disappointing that data. We are seeing it read through to the European Equity session. In terms of dollar and yen, we are seeing a weaker dollar. Ae yen strengthening for third day. I wanted to show you the 10 year yield on the german bund. Went down one basis point, 0. 26 . We saw a lot of demand go into u. K. And german debt yesterday. The 10 year treasury yield is fairly steady. We saw it hit its lowest since february yesterday. The 10year gilts yield reached its lowest since october. A lot of demand for the safest assets among safe havens that are bonds. If get to the bloomberg first wo