Tenyear yield did fall below 2. 3 on the third miss in a row largely better than expected from jpmc and wells and earn,s season kicks off. A big week for retail walmart gets an upgrade from goalsm Goldman Sachs. Financials are driving, but is the real consumer economy primed for a rebound Jpmorgan Chase falling despite posting better than expected Quarterly Results the bank got a boost from lending but hurt by weakness in trading. Jamie dimon says, the u. S. Consumer remains healthy, evidenced in our strong underlying performance in consumer and Community Banking wells fargo with an earnings beat and a revenue miss and citi exceeds on the top and the bottom line. All these names have had quite a run since the election not hard to know how much they deserve today in light of what the macrodata said the results would give me the message that things are on track. Going roughly in the direction expected and theres improvement there. Jpmorgan, 12 return on equity thats one thing that stands
Good morning. Welcome to Worldwide Exchange on cnbc. Its new music friday. Im sara eisen. Im dominic chu sitting in for wilfred frost. Hell be back on monday. A holiday shortened week of trading here in the u. S. , but no shortage of big news and buzz. Well talk about apple challenging federal authorities and hear why Company Cofounder Steve Wozniak believes steve jobs would have done the same thing. Thats just one minute here. That cnbc interview getting a ton of buzz. First, lets get you up to speed on the Market Action this early friday morning. Holiday shortened trading week, but were looking at the best week for stocks since back in november. The best week of the year by far. The gains could continue after a selloff late yesterday. The Dow Jones Futures up 38. S p futures up five. Nasdaq futures up 12. Lets show you whats happening with oil prices, which have been a driver. Maybe not to the extend that tight correlation we saw earlier in the year. It was trying to break down. Then
Begin. Ice cold in the snow. How could it be so . It came without thanks. It came without packages, boxes or bags. It look like the grinch stole christmas. Retail sales down 1 . Not having a positive impact on the stock market. Down 183 points. How about the price of oil. Where are we now . That is within shouting distance of a six year low. Here is the story. Commodity prices are falling. Copper is leading the way. The price of gas continues to fall. Down another penny overnight. 338 year ago. Down 128 gallons. Here is the key indicator. Interest rates. It bounced back. Historically, a very low level. Our go to guy on commodities. Eric, i want to stay away from technical details. What is your evidence that prices are falling . I am not claiming deflation is in play. Prices fall too hard, too fast. Hearing people talk about deflation. Leading in some air out of the bubble. That is a good thing. The grinch as the analogy. I look at it this way. The grinch comes around at the end of the
They also have big differences with their partys establishment. The debate starts now. Tonight on crossfire Hillary Clinton ignores an attack from the Progressive Left as her Grassroots Army gears up. Youre going to hear me roar Chris Christie at war with the republican right. We dont get to govern if we dont win. On the left, Mark Lamont Hill. On the right, s. E. Cupp. In the crossfire, two potential 2016 candidates. Senator Bernie Sanders, a vermont independent, and former senator Rick Santorum, a republican. Whats better politics, pragmatism or purity . Tonight on crossfire. Welcome to crossfire. Im Mark Lamont Hill on the left. Im s. E. Cup on the right. Two potential 2016 contenders. Today the white house wants to make sure you know that the number of uninsured americans is back to 2008 levels. Thats according to a new gallup poll. Not much to cheer about in my vantage point. Most of these enrollees arent actually enrolled. They havent paid yet. Theres still not enough young peopl