Lets get right to it. Despite the random rate hike, the financials were the worst performing sector as goldman sachs, citi saw red across the board. Is this the beginning of a bank break down . Im going to piggyback on fast money where there was the relative performance of the bank stocks and the Broader Market and it got me thinking and a total shoutout on that. Total shoutout. This group has paused. We know the reasons why they ran up. The hope of deregulation and higher Interest Rates. Ill let like mike talk about the Net Interest Margins and one of the issues that i think is really first and foremost as the new administration is bog dound with th bogged down with the obamacare, i think theres a move towards mid size and Smaller Banks to kind of get things going again in that capacity. But the money center banks, the jpmorg jpmorgan, bank of america and citibank they may have a lot of the good news in the near term. I want to look at citigroup. These are the year to date citi is up
Combined fines could top 5 billion. U. K. Retail in a rut. Shares slip as a sharp outlook overshadows better than expected earnings. Marks and spencer also in the red as the Share Buy Back fails to impress. Good morning and welcome to Worldwide Exchange. Lets have a quick peak of where your dollar is trading. The big news obviously that came yesterday but today germanys ppi down 1. 5 on the year. Thats a weaker number than expected. I wonder if were looking at the Euro Dollar Exchange rate right now, 11114. How vulnerable is the euro dollar to raise in yields again. What if we see the bond yields right now. Currently 60 basis points. Does the ecb come in and use verbal intervention. Absolutely. Very interesting point that the euro dollar moved like an equity over the last six months. We saw it correct. We saw it come back away from 104, 105 handle and it it is moving really off the back of the ecb comments that you just mentioned yesterday. Interesting to also point the german bund. Fo
The jobs number. The nikkei is now up 50 for the year. That is the best since 1972. Our road map begins with momentum from fridays jobs numbers. Markets looking to extend their momentums today after the dow and the s p turn in their first jump since a month ago. American Airlines Begins trading today after they blocked the merger of american and us airways. Mcdonalds samestores sales. If you are attempting to travel for business, were going to get you updated on the fallout from the big Cross Country winter storm as it moves out of the northeast. First up, stocks hoping to continue their upward momentum from fridays jobs. A 198point jump in the dow sent the blue chips up above 16,000. They saw their weekly winning streaks snapped at 8. We came within. 75 of a point on the s p of making it nine straight weeks up in a row. We havent done it since 04. Missed it by that much. Lack of bad news. We saw friday the beginning of what a lot of people are thinking, wait a second. Maybe the transi
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