With a Trump Presidency looming and oil marching higher, what are the risks . For next year . 24 hours in trump land, the tweets, the torpedoes and what is in store for business. All of that. Matt miller, what are you doing in copenhagen . Matt i am here to interview the ceo of the company taking part after al consolidation cratering of shipping fees, now hoping to get Pricing Power and start to get some upward momentum. At the same time, Donald Trumps trade policy threatens to torpedo that momentum. Ceo of hear what the Moeller Maersk has to say. Guy looking forward to that. Matt will give us his take on the markets this morning in copenhagen. Lets talk about where the markets are right now. This is the gmm. Yesterday, europe a little softer. Equities in europe a little softer. Am what isp an i happening. My sense is the markets are waiting and watching to see exactly what the fed delivers later on. A lot of news out of italy. The moment, on my wfi telling me nothing big at the getgo.
Shrink the feds Balance Sheet. David . David were goined by mr. Campbell who covers banks for bloomberg and alice williams. She was a banker for Morgan Stanley and u. B. S. Lets start with the numbers because they broke 15 minutes ago now. Theyre basically up across the board according to estimates and last year. Mr. Campbell thats right. Really what this is about is the expense story. It looks like thats our initial read, noninterest expenses are lower than analysts had expected so bank of america did better on that. Credit cost provisions are ower than analysts expected. Thats a good story. People may have questions on Revenue Growth. Bank of america came up short on Net Interest Income with Interest Rates rising a bit during the quarter. Theres interest there. Bond trade chg was going to be there were a lot of good expectations for bond trading this quarter. Bank of america came in short on that. David focus on the trading because it came in low. As you point out the Fourth Quarter
Looking at early trading in european equities, in the green. The dax up by 0. 6 . Cac up by 0. 9 . Lets check out the Energy Markets. Yesterday Energy Markets traded higher. Once again as it looked like demand in china might be pushing higher. Some of the opec nations looked like they might be cutting back as they said they would be doing. This morning, wti down about 1 . Steve . Here are the big stories today. Janet yellen says she is upbeat about the shortterm economic outlook. Speaking to a group of educators in washington late yesterday, janet yellen said the labor market is looking strong, but the central bank chief is worried about longerterm issues like growing income inequality and weak growth in labor productivity. Its the busiest day of the week for economic data, retail sales out at 8 30 a. M. Eastern. This is the important december retail sales number. At 8 30, the december Producer Price index. At 10 00 a. M. , january Consumer Sentiment and november business invento inven
Snap sevenday winning streaks. Allianz launches a 3 billion euro Share Buyback after posting bumper profits for the fourth quarter. The cfo outlined the Insurance Firms m a plans earlier on the show. If an acquisition fits our business and our future strategy and we ca can do it, we certain look at it. It is not a must for us. Its a further opportunistic thing. Samsung heir jay y. Lee is arrested as part of a corruption probe, sending political shockwaves through south korea and sending shares in the smartphone maker lower. Good morning, everybody. Welcome back. Good morning. Traveling, that beautiful shot in switzerland yesterday. I did bring back chocolate, i think its gone now. I brought it in at 6 00 this morning, gone at 6 05. Trump getting everybody up and going. The dotcom people cant keep up. Being a journalist on trump these days, effectively youre on 24 hours. You get maybe five hours. Head online and look at the key points from this speech, if you havent already. Well talk m
Worldwide exchange on cnbc. Im sara eisen in washington today. Im wilfred frost back at cnbc headquarters. Good morning to you all from me as well. Particularly to you, sara. And to you. Well be back together in no time. Lets check in on the Global Market action. Split results yesterday. A slight gain for the dow, very slight losses for the s p and the nasdaq. It was a reversal of some of the more recent trends. We saw the bond proxies underperform. Utilities the best sector. They outperformed having underperformed recently. Energy which had fallen a couple sessions in the row sorry, had risen. Energy was the worst performing sector, down 1. 6 . This morning we are expected to bounce back. The dow called higher by 25 points, s p by a couple points, nasdaq by 1. 5 points. Bond markets slipped in terms of yield yesterday. We saw the treasury minutes which did seem to suggest a hike was coming fairly soon. Investors took that as meaning may as opposed to march. At 2. 40. As for the overni