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
Again today. Dow advancing 70 points and the s p climbing whats going on here . Why the heck are Money Managers leaving the very best in order to pick at the raggedy rest . When i say nobody likes these stocks i say most of the bigtime Money Managers and an acts vift that we interviewed yesterday just didnt want to go to those areas. They didnt seem to like or trust these businesses. For example, bill akreman, smart guy, made companies with restaurants and railroads, said he fears buying into businesses that could be wiped out by a disruptive competitor virtually overnight. He likes Companies Like Warren Buffett describes a business that can be taken down from the proverbial better mousetrap. The Money Managers who repeatedly year after year have gone back to the stock because theyre cheap, have given in and surrendered and theyre not able to take the pain anymore. The house of pain too hard to analyze, and you what . These Money Managers might very well be right theoretically. I think
Dominican republi turks caicos. Weather meteorologist Charlie Meese with us what is the latest. Category 3 with 115 mileanhour wind. It is possible it will strengthen a little bit as it moves northwest at 1 to miles an hour. The problem will not be the 155 mileanhour winds when it hit puerto rico but across hispaniola and Dominican Republic. You will have tremendous flooding. They are mountainous islands. They enhance rainfall with or graphic lift. When you have 10, 20, 25 inches of rain. Catastrophic flooding going on in puerto rico, likely to extend north as the storm movers north. Hispaniola, Dominican Republic will have to deal with the same thing. Wind will be Hurricane Force there but it will be the flooding that will be a big issue as it moves farther north and west. Through the turks caicos, nine to 12foot storm surge in the lower islands, that will be a big issue right along the coast. The good news, at this point, looks like a trough off the east coast in part due to jose, ar
Closing up for the fourth week in a row the nasdaq once again closing at another high and lets take a look whats been happening in asia overnight markets in japan and south korea are closed for public holidays. You did have the china markets open with the shanghai markets being closed after a week long holiday. That index was up by. 7 of a percent. In europe this morning in some of the lerl i traearly trading, like things are relatively flat. Slight declines, very slight declines in germany and france the ftse down. Spain is up by. 7 of a percent finally, check out crude oil prices and youre going to see that right now it looks like wti is down by by 10 cents still below 50 a barrel at 49. 20. Thanksgiving in canada. Today unless someone is playing a joke on me they tweeted that in there i dont know what that means exactly. Is it the same they didnt have. Turkeys, pilgrims thats our holiday, isnt it . One of ours. Come on, joe. It can be a totally different reason to give thanks maybe.
Market miss this and the fomc tone. S striking a dovish is december really a done deal . Ant we are less than half hour away from the open of cash trading. Take a look at where futures are pointing or not pointing. There is Little Movement across european markets. The only thing making any kind of headway as far as futures are mib. Erned is the ftse the ftse, andax, euro stocks futures unchanged. Also pointing to gains and you will find out why if you continue to watch. Yieldslook at bunds, continuing to rise although coming down from the open, this is a threeday chart. The open is the last spike. 45. 5. 45. Interesting things happening in other countries. Italy getting closer to passing reforms that could hinder the fiveStar Movement. The market likes that and that is what you seek futures off. Was the market yesterday out quite strongly in italy. Trading up by 1 . The saudi market grappling with this one a little bit this morning. Site seems to be a lot of idiosyncratic factors that