Equity, stellar, super killer, 1. 92 million. I want to highlight their Wealth Management. That revenue, 4. 4 billion, better sequentially. Margin dipped a little bit at 26 , but that is their breadandbutter and looks very solid. David they put so much investment into Wealth Management they said it is a big part of their future. The margin down a little bit, but they are still doing well. Morgan stanley does more equity trading than others, so there equities are good. Alix Goldman Sachs, the highlight for them was their Investment Banking revenue, but Morgan Stanley showing no signs of letting up. Is 1. 55 compared to an estimate of 1. 3, so they are beating there. Alix joining us are Alison Williams, and on the phone is can leon. He is a buy rating on Morgan Stanley with a price target of 59. You are big takeaway . Is an i would say ficc little bit of a surprise, but no surprise coming in strong. We expected markets to help their execution, and it looks like they are right on plan. Th
Look at the green arrows back this morning, even though the government could potentially be shut down. S p futures up by 4. 5. The nasdaq up by 19. Well talk more about that potential Government Shutdown in a bit. Overnight in asia, the nikkei higher. Up 0. 2 . Hang seng up by 0. 4. So was the shanghai in china in europe, at least right now green arrows across the board. Biggest gainer of the major averages is the dax, which is up by almost 0. 9 percent. The tenyear yield hitting 2. 64 yesterday. Thats the highest level since september of 2014. Again, concerns about the Government Shutdown really pushing things well see what happens to the tenyear when and if a budget deal is found. Right now it looks like its setting in at 2. 63 . Some big headlines this morning. Ibm returning to Revenue Growth for the first time in five years. Shares are down. Theres weaker than expected guidance overshadowing that news the company beating on the top and bottom lines but took a charge of 5. 5 billion
They still have to vote on final passage of the bill, then it will go to the house im told to expect that 4 00, 4 30, somewhere in that range. Then the president will have to sign it. The white house said expect that Late Afternoon early evening but there are already restarting talks on immigration even before the passage is final of that bill senator john cornyn, the number two republican in the senate, just told a bunch of reporters that he had a meeting at the white house on immigration with other senators like senator cotton, perdue, langford and grassley they were informing the president about what they thought could actually pass the senate on a bipartisan basis they said they put to bed Graham Durbin, which was the preexisting bipartisan framework in the senate and trying to work on what comes next this immigration debate is heating up as we now look towards the new deadline in three weeks. Not only do you have that debate, which will be exceedingly contentious in both chambers
Pier taking a look at the 10 year treasury yield which is rising joe scheid to. 9 this morning. Cheryl oil prices can be a factor back in the 60 a barrel threeyear high for u. S. Drilling activity last week. Lauren in europe after falling 5 last week, the european stock indices looking for a very strong opening. The dax up 2 . Cheryl in asia stocks in japan closed for a national holiday, but the shanghai composite of three quarters of a percent. Lauren is this another sign of inflation . Are you ready to pay even more to go to a disney theme park . Fbn am starts right now. Train 25 01 a. M. In new york. Monday, february 12 00 p. M. Cheryl casone. Lauren and lauren simonetti. Its not how you open that matters. Its not the market closes. Cheryl a fun, wild ride we are on right now. The market fell 5 last week. The jump on the dow on friday and look at the futures right now rallying up to 90. Nasdaq up 70. Trains are we what investors can expect after the worst decline last week in more t
First. Germanys dax hits a record high as global stocks rally, but guests here in davos warn investors not to be complacent of Financial Risks if everyone is complacent, if nobody sees risk on the horizon, thats when i get most worried and the white house slaps steep tariffs on imports of solar cells and washing machines prompting an outcry from producers in china and skouth korea who accuse the u. S. Of violating wto rules. And sky shares rise after foxs bid is deemed not in the public interest. Fox says it is disappointed but will continue to engage with the regulator. Welcome to street signs. Weve got a long list of guests lined up for you today on todays show, well speak to the chairman of roche. The founder of damek, and well hear from the finance minister over in brazil well have the minister of energy for saudi arabia. The minister of energy of qatar. In a few moments, well head out live to a panel hosted by Andrew Ross Sorkin speaking looking at some big tech issues with a pane