Were going to have much more of sara eisens exclusive interview in just a few moments. In the meantime, a lot to look at as stocks hit new highs for the year, about 2 from alltime highs. Bank earnings in focus. Europes mildly positive. Core cpi up 2. 2 year on year and jobless claims hit a new low going back to 1973. First up, wells fargo beating expectations with a firstquarter profit of 99 cents per share, revenues above consens consensus. They say while credit results remain solid, the oil and gas portfolio remains under significant stress due to low prices and excess leverage in the industry. And then b of a exceeded estimates with firstquarter results, put profits down 18 on a doubledigit decline in trading revenue. Not a repeat of the performance we got out of jpl. Going over these quarters all morning, and i have kind of a very simple takeaway, which is that, wow, if these companies were to have a bunch of rate hikes, you know, theyd make a fortune. And if they dont, they kind o
Me as well. Lets have a look at u. S. Equity futures at this hour. Decent day yesterday around about 1 in gains for the main markets sparked by big gains for oil prices. Were looking at gains once again today. Almost triple digit for the dow. 85 points in the green are u. S. Dow futures. The s p called higher by 11 points. The nasdaq by 32 points. Lets have a look at the yield on the ten year. Weve come away from that 1. 7 level we hit last thursday. Were close to 1. 8 . So risk sentiment has just improved over the last week or so. 1. 781 on the u. S. Ten year this morning. Now, Bank Earnings are likely to set the tone for the trading day. Jpmorgan set to post results shortly. The financial giant expected to report earnings of around 1. 26 per share on revenue of 23. 4 billion. This will be the banks first yearoveryear earnings decline in five quarters. Shares of jpmorgan since the start of 2016 up there for you now they are down 10 . Just over 10 . Theyre flat in premarket pretty much
Billion in valuation for the ipo according to sources. They could come as early as friday, as they look for luxury status. Welcome to countdown. I am anna edwards, live from london. It is friday morning. Let us start with the reaction with what the fed had to say in their minutes. We knew what the decision was for weeks. These are the minutes. These are the impacts on the world index, of Global Equities over three days. It shows we saw a rally and global stocks, 2. 46 trillion added to the first four days. Friday is adding into that, the momentum being picked up in asia. A seems patients is having positive impact. Look of the oil price, we are actually back still above 50. We popped above that with the First Time Since july. In yesterdays trading session, and back above now. We have seen the opec secretary general making comments about the oil market. Suggesting that demand will expand. That is the secretarygeneral talking about the demand picture. That takes us to our question of the
Moment on that bombshell, hsbc. Right now we need the bombshell of first word headlines. Here is vonnie quinn. Vonnie Hillary Clinton is distancing herself from her former boss and a potential rival. Mrs. Clinton says she is against the asia trade deal. N what i know about it as a today, i am not in favor about what i have learned about it. There is one other comment i want to make because i think it is important. Trade agreements to not happen in a vacuum. Have ar for us to competitive economy, there are things we need to do that home that help raise wages. Vonnie clinton backs the deal when she was secretary of state. Supported by a possible competitor, Vice President joe biden. Clinton will propose a tax to penalize highfrequency trading. Michael horn will testify before House Committee investigating the emissions test scandal. He is expected to say vw. Delivery of 2016 diesel models. Thousands in the u. S. Will remain quarantined in court. A late night agreement averts a strike at
Guy good morning. You are watching the pulse. We are right here in london. Im guy johnson. Europes Biggest Investment Bank, germanys biggest bank is racing for its biggest loss and a decade. Deutsche bank could scrap its dividend. Its boosting reserves for legal costs. Sounds like a bad thing. Ryan chilcote here with the details. We got a lot of bad news. It sounds really terrible. But stock is up. What is going on . Ryan the Immediate Reaction was negative. The stock is up. There is a giant competition going on. The balls the balls on the up. K the stock now why . A lot of people saying we thought when they did this announcement we were going to get a Capital Increase. The fact that the dividend is going to take a hit, is a do it is a positive. It increases the likelihood of a Capital Increase down the road. Analysts whonty of think a Capital Increase could happen here it happen. Ryan the second issue is take everything that was happening in the statement to the side, look at pretax p