Good morning, welcome to squawk alley. Kara is joining us from our Nations Capital more activity in trump tower. Marilyn houston is meeting with the president elect. We have been following this one. Phil is joining us tr chicago. Good morning, what this meeting is is the second one between the ceo of martin and donald trump in the last three weeks. Lets see if this one goes better. That was down and she walked in there. A short time later we saw the ceo of boeing walk in. He said im not happy about the cost of air force one. Or the f35, what is Lockheed Martin. They said were going to work the administration to bring down the cost. She walked out and didnt say a word. The trump tweets continued to blast locke Lockheed Martin. Theres been a couple tweets and hes talked about it at press conference this week. So they meet at noon. Lets see if the meeting goes better in terms of her making it clear to the Trump Administration that she understands their concerns, and will work with the adm
J jim, a remarkable quarter, best quarter ever for a financial. All i can say is there will be many more many better quartequarte quarters ahead. Heres what i think. Whether its the jpmorgan or the financials in general, its a barometer for the overall market. When you look at the chart for the banks or overall market we stabilized for the last month or so after that tremendous trump rally. Does it get given back before we go higher . I submit to you, no. Based on these earnings and granted were really early in the earning season, but based on these earnings this is going to be a stair step pattern through the year and what weve had over the last month is just the pause that sets up for the next step higher and earnings are going to be the catalyst that makes that happen. Josh, some wiare wondering a the banks had a great run and, if you want to use the word, they stalled because thats what seemed to happen, maybe you know. Youve called it consolidation of the gains. Yes. Does this the
Me jimcramer. Can you believe ive come out here for 12 years telling you hey, im cramer and i got a oneman show about business . Oneman show about business. Every night for 12 years for heavens sake. In tv thats like 100. In a day where the dow dipped 44 and s p declined and nasdaq lost. 32 , i thought we should use this Anniversary Show to talk about what ive learned from you. After all, this is the most Interactive Television show in the world. I take calls in the thing, darn it. Weve listened closely to what youve asked and you know what . We had to change over the years to meet your investing needs. Most important thing weve learned in the last dozen years, weve learned to teach more and pick less. Back when we started the show, we used to do a ton of stock picking. Look, it was a raging bull market. People wanted ideas, so what did i do . I obliged. As the show evolved, though, we recognize picking stocks was less important than teaching you how to analyze the stock. We needed to
The board. All these headlines coming out fairly fast and furious over the course of the last three or four minutes or so. Thats why wells fargo shares, you can see here its not a massive spike, but still a huge move. 2 higher. You can see by the chart there, a Straight Line up for wells fargo. Again, on these wells fargo headlines from dow jones, again saying that Elizabeth Duke will become vice chairman. Tim sloan will take over as ceo, john stumpf will retire. All source reporting effective immediately. So thats why those shares are on the move. Well continue to monitor these headlines. Melissa, guys. For right now, thats the reason why youre seeing wells fargo react the way it is in the after market session, guys. Back over to you. Thanks so much, dom chu. A Stunning Development in the wells fargo story after the company was essentially called to testify on capitol hill two times in as many weeks. Here we have ceo john stumpf out. And this, of course, after a foregoing pay for this
The billionaire businessman and reality tv star, who vowed to shake things up, has. Hes set to take over the nations highest office, today, wednesday, november 9th, 2016. Announcer from nbc news, this is a special edition of today decision 2016, with matt lauer and savannah guthrie, live and good morning, everyone. Welcome to today on a wednesday morning. The nation is waking up to a stunning upset. Donald trump is the president elect of the United States. Anything new happen in your political world overnight . The voters have spoken and done so in resounding fashion. The political world remade the map, remade every assumption people make about politics undone. People have called it a political earthquake, id say, scale. You really could just see this happening gradually throughout the evening. It finally culminated in the wee hours of the morning. Hillary clinton conceded the presidency to donald trump in a phone call. That came at about 2 30 a. M. But in a surprising move, she did no