Financials driving the premarket following those beats from goldman and Morgan Stanley plus, netflix sharpens its fangs. The streaming giants beats on subs and promises an 8 billion on original content next year. The stock is poised to hit all time highs. Trump versus insurers, the president calling out insurers and drug makers, both unh and j and y have results this morning. Well get to that. But we are going to start with the banks. Goldman sachs beating expectations as investing bext revenue rising 17 and morgan stan lids exceeley exceeds on td bottom line. Its a good time to be in the Wealth Management Business Revenue there nearly half of the total. Dont forget has the president tweeted how many electric trillions have been added . I like the fact that Goldman Sachs did not report disappoint on this fixed income trading ip hoping Goldman Sachs reads the release and comes out more positive on the Conference Call. Last time they had good numbers but they were very sir couple inspect
Intensifies, the u. S. Confirms a plan of attack using b1 bombers, north korea has detailed a plan to lob missiles within guam. A load of nonsense say the North Koreans. At this point its a war of words, nobody backing down. Time is running out for divided Republican Party to get anything done and who knows what happens with north korea. This is prime time for vacations and they just teed off to start the pga championship. That guy Jordan Spieth, if he wins, he joins exclusive golfers who won all four majors. Stay right there, Varney Company is about to begin. Stuart did i say the market is a little edgy . I think i can say that seriously. We are going to be down 60odd points when the markets open this morning. All the leading indicators are down. Problems with the republicans, the president and north koreament down we go at the korea, down at the opening bell. Lets get to north korea. I want to bring in former cia Operations Officer brian dean, welcome to the program. Maybe im naive b
We hear from companies, a company that i repeatedly predicted over time. It would be too valuable to stay independent. It does testing measurement of everything to computers to life science and cloning. It has a storied history. Having been part of the hewlettpackard empire. It has gotten the last laugh because the business is in secular growth mode. It has devolved into two companies that are seemingly in decline. Hp ink and hp enterprises, a catchall company that i think is still trying to find its over way. What amazes me is that it has so Much Technology for the very high growth Life Sciences field, hasnt attracted any suitors. It would be a natural for companies that could both use the product line extension. I would never recommend a stock for a takeover basis. But i cant do it if the fundamentals arent strong. If it has good quarter it could be hard to stay independent in what is a could not sol dating segment. He know youre tired of hearing about the debt. It is confined to the
This is being viewed as the opening bid. I wonder how much leverage either side actually has. David thats the question. What leverage do they have . They have no real power. Theycryan has said again do not want to go to the markets and raise more capital. Alix and they dont want to sell the Asset Managements business either. What are they going to do . We will preview the feds big policy meeting and the boj. Rick rieder, coming up later in the program. A look atre taking markets. U. S. Futures near the low of the session. Another leg lower. Jonathan down about 0. 5 . The story in europe, the ftse down around 1 3 of 1 . The dax getting hammered, 1. 29 . The worst performing index on the stoxx 600, the bo the worst performing industry on the stoxx 600, the banks. Now, itx market right is a broadly stronger dollar. You see it on the table. You see it on the bloomberg dollar index, marginally stronger by 1 10 of 1 . Risk off. Brent crude down by one percentage point. Wti in the bond market
Nearly at session lows. , this is the lowest we have seen since november of 2003. A fresh low. Confined to the United States. It is spreading around the world, from europe to asia. Lets take a look at european stocks. You can see that from april 1 two now, they europe stoxx 600 from april 1 until now, the europe stoxx 600 is down. Dragona, it is exit the and enter the bear. Take a look at the shanghai composite. It is now at the 2900 mark, down about 13 . U. S. Majors year to date, all down. And the nasdaq is down by 10 . Really, a sea of red. David thank you. This is Bloomberg Markets from bloomberg World Headquarters, continuing to cover the markets throughout the hour. Mark crumpton has the bloomberg first word. Russias military is operating in syria without a time limit according to a deal agreed to in august and published yesterday. It says russia bears no responsibility for any damage its forces cause. Russian planes have flown more than 5000 missions against antigovernment rebel