Before the open this morning along with twitter overnight in asia, you will see what was happening there the nikkei ended down by almost half a percentage point. Hang seng was down by 0. 7 shanghai in china, you did see stocks higher. Up by a quarter percentage point. In europe, the three major averages had all been in the green. The dax up by 0. 3 the cac up by 0. 4 the ftse up by more than that. Italy and spain stocks there weaker spain down by 0. 7 in the treasury market, again with the gdp number coming up later this morning at 8 30 the tenyear yielding 2. 069 everything that happened with the ecb yesterday what that means for the fed, well talk about all that coming up in a bit. On the squawk planner, we have first look at gdp in the Second Quarter thats on tap. Forecasters expecting an increase of 1. 8 after a surge of 3. 1 in the First Quarter on the calendar we will hear from twitter, mcdonalds before the opening bell next week it gets crazy. It is the busiest week of earnings
Live from the Stone Wall Inn with more. Hi, marcus. Reporter good morning, michelle. It has been on the register of Historic Places as a new york city landmark and now an even more important designation for the Stone Wall Inn. It is now a nationality monument, the first of its kind to recognize the fight for gay rights. This details the history of the police raids in 1965 and the protests that follow in new york and across the country. Overhe has been a Gathering Place for the Lgbt Community to rejoice such as the passage of the samesex marriage. In time a Visitors Center is planned but for now, the designation is just fine. It sends a critical message that we are finally being seen. Reporter that announcement coming during ride weekend here in new york. As we mentioned, its just a so there will be increased security tomorrow, the pride march. The biggest pride celebration in the world. It steps off at noon, works its way down here and ends just near the newly minted National Monument
Weanings. Lets get started. It is thursday, january 14th, 2016. Breakfast is served. I walked into the studio. Smelled like chicken. Sister mary called and want her habit back. We do not ever call each other before the show. You are bold and brazen. Look at that. This is becoming a habit. Bell alex news. Well get to that. First number of the day then traffic. We got, what did i pick today . Yes, 7 out of 10 on your weather by the numbers. We got bus stop buddy in his flyers cap. Flyers won four in a row. You dont need to let up on the winter coat and the gloves. Its still cold. Just not as windy as it was yesterday but temperatures, having said that, are in the 20s. We have, until, we did have some snow shower activity. Were not watching that anymore. Seems to have dissipated. 27 degrees, feels like 19. Other temperatures are in the 20s. We expect a high of 42. Now, thats much better than yesterday when we only made it to 29. Tonight, not as cold with a low of 32. Theres your thursday,
Lot of negative effect dictation the average analyst estimate was 19. 3 9 billion. This bite making 20 billion, the revenue was down by about one percent year on year. Citigroup is primarily blaming currency and commodity. Lets take a look at that. Revenue came in at 3. 8 billion for the First Quarter. Sequentially, this was not terrible. Youre on year, that is where it gets painful. It is down 18 . Training trading down 18 year on year. Net interest margins, how much citigroup makes, what they have to pay out in terms of rates and what they make in terms of rates comes in higher than last quarter, 2. 9 last quarter, under by about 2. 8 . We will pour through the numbers. The calls coming up later on the the stress test could not return the capital like they wanted to. How do they resubmit the test, will they be able to return capital to shareholders, and how much will it cost to do that . There are still a lot of questions here for citigroup. In 1. 30 percoming share, one percent year
Legislation. This morning, trump tweeting out republicans should stop wasting their time on immigration until after we elect more senators, congressmen and women in november. Dems are just playing games. Have no intention of doing anything to solve this decades old problem. We can pass great legislation after the red wave. Just two days ago the president reportedly promised House Republicans that he would support them 100 and vowed he would not leave them in the wilderness. But the president s tweet risked stalling what little momentum that republican legislation had. It is also a dramatic reversal for an administration that spent days demanding action from congress. Congress and the courts created this problem, and congress alone can fix it. The president isnt trying to kick the can down the road. Hes actually trying to work with congress. Were going to be signing an executive order. Were also going to count on congress. We look forward to, you know, congress playing a big role in thi