Remarks saying jerusalem should capital stillas a down. 3 . Had some choppiness. This is a picture of the nasdaq. It is a whipsaw up and down and we have had a selloff in technology recently. Tech is the best today but nonetheless, the chart shows you how uncertain the testes are as they deal with issues ranging from taxes to other events in d. C. Lets look at some stocks that have been trading down all day. Ahead of president of his remarks at jerusalem. These are in israel. All sharply lower and a really big look of as to what the possibility of jerusalem on theital weighing stocks. Interesting to watch that in the future. We take a look at some of the haven assets in the rally here. We have 10 year yield. Up against the dollar however, if you cancoin believe it come up 10 on the day and extraordinary. Bitcoin continues to climb. Mark thank you. The u. S. And israeli flags are being projected onto the old city wall in jerusalem. President trump formally recognized jerusalem in capita
Other numbers, assets 116 billion, down 22 . The Company Stays on track to reach its financial targets for the year. Continue to look through here, fixed income markets revenue, a number that has been weak in many of the banks, 3. 06 billion, roughly in line with what analyst anticipated. The company said its Net Interest Margin came in above estimates 2. 95 , the estimate for 2. 88 for a big group like citigroup. Interest margin will be an important part of the overall numbers. That is what we have so far as we look at these numbers. One other number the equity markets trading revenue, which was expected to be in the area of strength for citigroup looks to be the low estimates, 653 million, the estimate was 739 million, that number, expected to offset some of the declines in fixed income trading, perhaps it would do that as we look through these numbers. Eric julie hyman with headlines on citigroup. Good morning. We have seen everybody but Morgan Stanley, which reports on monday. Gett
Asset for you. Futures are a bit softer. Down 0. 1 . The story in europe is a stronger euro. Alex on the short end of the curve, you continue to see the yield grinding higher. A big move. Dollar is a little softer. Gold also softer but crude on the rebound from right around the moving average. See what has happened in the last 24 hours. Snap is still trading. Up about 24 . The high was 41 from the offer price. We are now down here. What will it look like today . It will tell us about technical and momentum trading. The real story has to do with the fed. Janet yellen today at 1 00 p. M. All eyes on what she may say about march. You can see what the market is saying about march. The implied probability of a rate hike is now add 90 . Is now at 90 . What will be the word that signals march from janet yellen today . She does not have to prepare markets for march anymore. If she does not like the idea, she has to lean massively against it. If you want to take march off the table. There are v
This is bloomberg surveillance. We have a packed show for you. We have that great interview that john cryan gave us, talking about the restructuring. We also have to look at the markets. We look at china, what the fed, janet yellen told us on friday. This is the picture overall. I want to put a lot of these european stocks, Deutsche Bank down some 5 . This is after john cryan said he has a new strategy, including asking the markets for 8 billion euros. You can see a little bit of dilution in the share is what we were expecting. 0. 6 it overall, seems that european shares are being cold lower, first of all because Deutsche Bank is tumbling, but also because the metals are lower. Investors weighing Growth Prospects for china and Janet Yellens statements on Interest Rates. Geopolitical tensions also bolstering yen. I want to show you topix. 1554, a little bit lower because of japan moving to its highest possible alert level after north korea fired of the state missiles. First, lets get to
3 trillion is not what it was 10 years ago or 20 years ago. Many of the problems they face Going Forward are more like the problems of an airline. Most stupid statement of energy i have ever heard. Scarlet plus, a look at north koreas energy economy. Straight ahead on bloomberg best. Hello and welcome. I am scarlet fu. This is bloomberg best, your weekly review of the most important business news, analysis and interviews from Bloomberg Television around the world. Our day by day look at the weeks top headlines begin with a shakeup in saudi arabias cabinet that could have major implications for the global oil market. Mark saudi arabia appointing a new oil minister over the weekend. The chairman of the state Oil Company Saudi Aramco replacing who has held the post for two decades. It is part of the governments whiter revamp. Wider revamp. I guess the question for the market is whether anything has changed in terms of policy coming out of saudi arabia. Has it . I think if anything it is p