Coming to the waters of new york city for the first time in 96 years. We will speak to the ceo of the legendary event and the big money. Lets head to the market desk with julie hyman where she has the latest on the feeling markets and partisan jpmorgan. Julie yes, part is our needs. Because of that expectation, we are seeing a lift as jpmorgan came in ahead of lowered estimates. 5 of 1 . Up lets get to jpmorgan. We are seeing jpmorgan shares leading banks higher, leading stocks higher, up three. 2 . Here are some headlines. Net income down 6. 7 percent. Revenue down 3 , fixed income trading revenue down 13 . Equity trading down 7. 5 and earnings at Corporate Investment banks down 22 . Each was a smaller decline than had been estimated by analysts. As we have been talking about in recent days, people have been cutting their earnings estimates going into this season. For jpmorgan, no exception. That is one of the reasons why it was able to come in and beat estimates. Because of the list
Can big deals still get down . Our man david faber will join us on that in just a moment here. After the bell, the ceo of merck will tell us why hes been avoiding tax inversions, thats an inclusive interview and proven to be a good strategy. It looked like he was being left out of the party, but hes looking good right now. Shares of Constellation Brands popping against fueled by the success of the mexican beer brands. The ceo will join us exclusively to talk about whether Donald Trumps negative rhetoric towards mexico could be a risk factor for his business. I would think with the number one and two imported beers from mexico, it probably is, but well hearty it straight from him in a bit. New rules for Financial Advisers that could give a boost to advisers like betterment, and the ceo will join us. The Justice Department is suing to block the acquisition of baker hughes. David faber has the story. Yeah, of course, yet another suit filed by the doj to try to stop a deal, and a couple co
Manufacturing according to the institute for supply management rising , contracting by the most since july 2000 nine because we did see an unexpected contraction in that manufacturing number. Despite that we are seeing a rally. Hits in the session took a but Still Holding up relatively well. Everything that we here between now and the next fed meeting effects what it will do beyond that meeting. I know this is one of alixs miprs. This looks at the forward rate curve and Interest Rate swaps in that market. We are seeing a gentle curve although it is a slightly more aggressive than it was historically. With every piece of Economic Data that is a little more negative, we are going to likely see the expectations for the pace of Interest Rate increases to get a little more benign and indeed that is what the fed has told investors as well. Alix also what is interesting in terms of what is leading stocks is the momentum, not those related to the fed but the stocks elected poor a lot of money
It will be down to the wire whether the s p will post again or a loss for the year. Gain in the but we will see that holds by the end of the week. The move, energy down nearly 1 . Materials also down. 4 . A broadbased selloff. Not seeing steep declines, but seeing the many lot of different groups. Crude a natural gas it not gas had been on an upswing with forecasts for colder weather. It has been giving up recent gains. Crude oil prices down. It an unexpected build and inventories last week. Of theseeing a number various Energy Stocks down from Largecap Companies to the more volatile Companies Like Southwestern Energy and chesapeake. It is affecting Companies Like chevron as well. Even broadbased within the Energy Complex. Scarlet one of the heaviest weighted stocks in the s p 500 and the dow, apple having a rough time lately, starting around 118, now below 108. Julie it has been on this downtrend in december. The worst month since january of 2014. Also the first down year for apple si
Avide so that we can have strong Global Climate agreement next year. The president is on his way to myanmar. A fascinating turn of events involving iran. Russia agreed to sell iran as many as eight new reactors. Russia has been pressing iran to limit its program. Allegations that it nuclear bombs. To monthlong ceasefire in ukraine is falling apart. Prorussian rebels are regrouping and mobilizing forces in the eastern part of the country. The government said rebels shelled troops 30 times yesterday. Russia has been accused of arming the rebels. Vladimir putin says he is no idea what they are talking about. The u. S. , u. K. , and switzerland ordered banks to pay back more than 3. 3 billion. Ubs will pay the biggest penalties. That may just be the start. The Justice Department and the u. K. Are both conducting criminal investigations. Issues,to domestic remember black friday . How walmart is hiking in a fiveday affair. Im shocked. Their new black friday begins 12 01 thanksgiving morning