That all seems to have stablized. Neil think about this, jpmorgan put together a year most successful for any bank ever in history. Any bank ever in history. Fox news contributor john layfield. Point view Wealth Management president , david dietze. Welcome to both of you. It is a split verdict. Wells fargo had other problems that disappointed the street. By and large were expecting financials to lead the way. They have done that. David, is it your sense that, you know, wells fargo is more an outlyer here . Absolutely. Wells fargo had to put aside billions for legal and regulatory issues. Theyre still trying to climb back out of the fake account scandal. That really pulled down the results dramatically. Of course theyre having to deal with some client defections and so forth as people lost a little bit of confidence in the bank. Jpmorgan, citigroup doesnt have the problems and they knocked the cover off the ball in q4. Neil how would you advice people if these markets, john layfield, 29
Put pressure on tesco sales. Its turn around plan is on track. Shares are trading higher. And the likelihood of a global trade deal is below 50 says indonesias trade minister. Hes call for more flexibility on agricultural subsidies. I think flexibility and compromise, sometimes, are required to get a Multi Lateral view. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A warm welcome to todays program. We kick off with data with, the final pmi data for the eurozone showing the euro has lost momentum in november. Final services pmi, 51. 2. It is up from the 50. 9 flash, but lower than october. Sharp divergence in the final composite numbers in germany and france. The french composite down 48. Only managed two readings above 50 in the last 21 months. Italy serves its pmi back below the break even mark to 47. 2. Compared to germanys composite pmi, up at a 29month high. Sharp differences between the core in europe. Meanwhile, the opec meeting is
The market stocks are set to open higher and the spm coming off the best week of the year and well tell you if we are in for another green week in wall street. And teslas ceo elon musk met with the head of m a at apple earlier last year and as apple sits on the massive tech pile is the tech giant thinking about buying tesla. And activist agreeing to buy forrest labs in a deal worth 25 billion but in the midst of that 25 billion deal why is everyone talking about carl icahn . Stocks are coming off their best week of the year and the indices gaining more than 2 and the dow and the s p posted gains in six oat uut of the last seve trading days. Its eightday win streak will get your attention. It shaved a lot of the correction off. 1838, not far from the alltime high of 1850. Yeah. Its back to sort of climbing the wall of worry. Remember all those concerns about emerging markets and china and things seemed to have calm a little bit in japan a 3 move in the nikkei after the bank of japans le
We will get to those stories later in the show. First a check of the headlines. Just as titanfall hits stores, xbox live had technical difficulties. Some users had problems signing in but those problems have since been fixed. The director has tweeted that the issue was not related to titanfall. And selling Solar Service through best buy. Those who sign up before earth day will get a gift card. And starbucks testing a new mobile ordering service. They released an updated iphone app that lets customers leave electronic tips for their baristas. First to the top story. New details on kings ipo. They will sell more than 22 million shares at 21 to 24 apiece according to a latest sec file. Our editor at large cory johnson here with me in the studio. This is a company that has one hit game. They would argue that they have a couple of hit games. That is the whole thing here. Is how replicable is this thing. One of the things in the filing is they do not give just quarterly numbers to my they gi
Flat line. Gold gave traders some excitment rising 20 and oil dropped 1. 92. Pfizer is among the stocks to watch today after losing a patent ruling for its number one selling arthritis drug celebrex. Gm is out with a recomendation that drivers use just one key and the fob to avoid an ignition switch issue. The ignition is under recall. Gm is offering free loaner cars. President is urging congers to pass an aid package for ukraine while warning russian president Vldamir Putin of the high cost of invading the nation. Todd horwitz of average joe options joins us on the show now. Good morning bub. Good morning angie. Are we in for a market meltdown or a Holding Pattern . Its a great question and i think the markets actually going to make an extremely large move here. I tend to think to the downside. As you know i like to be dr. Doom. But if it went to the upside it wouldnt be surprising. What were seeing here is real severe consolidation or congestion and the markets gonna break out pretty