It disappointed greatly. About 500 and continues to rise. Delta also had a knockout quarter thanks to do messick demand, lower fuel prices thanks to domestic demand, lower fuel prices. Smile direct club is getting into direct company should with its main competitor. Guy european stocks are up a little bit. Oil acting as a little bit of a drag. Definitely the focus on the u. S. Banks. In terms of volume, we are ok today. German tenure backing away from the zero line. Cpi data out of the United States seems to have given the arrow a little but of a bounce. 1. 11, butl north of only just. Vonnie wells fargos quarterly profits slumped. Citigroup beat expectations on 49 fixed income surge. For more, lets bring in allison williams, bloomberg senior bank analyst. From, say, share Morgan Stanley and other banks . Alison we will soon see. At this point, the numbers are so strong. Jp morgan is the leader in that business. 80 from aup 75 to year ago, depending on if you adjust the number. That wa
Investors, adding two more seats, separating the chairman and ceo positions. Guy here in europe, we are approaching the 400 mark on the stoxx 600. The s p already through its record. We are monitoring what is happening on both sides of the atlantic but that is a really big level here in europe. We are up by 0. 3 for the moment. Hsbc doing what it is doing, down 4 . Biggest pointhe drag on the stoxx 600 this morning. The other store be are watching is happening with the british pound. We will see a vote later on this evening to see if Boris Johnson can get a vote. That is not likely to pass. The expectation is that we will get an election this year. Speaking of elections, voters in argentina choosing Alberto Fernandez to be there next president. What does the result mean for a country on the brink of default again . We are joined by Nick Bennenbroek of wells fargo. The peso certainly starting the note, then a up bestperforming against the u. S. Dollar, but this does not mean that we wil
Some pessimism over in europe. The bond rally echoing what we saw yesterday in europe. Yields down by about four basis points. Bank earnings are kicking off this morning. Beats onp reporting everything except equities and trading. Sonali they did not be dont Equities Trading, but they did beat on fixed income, so that is good. They want to be the number one Equities Trading shop, so not beating there is not a great sign. Average loan growth a little sluggish. Jamie dimon put some notes of caution in the initial statement, saying that Consumer Sentiment might be strong, but generally a lot of weakening sentiment here. In the initial statement, they dont give the outlook for Net Interest Income. However, if they revise downward once again, they already revised downward last quarter, that could be a big deal as well. Alix Net Interest Income is 14. 23 billion this last quarter. Walk us through what we did now. Billion . Ed it to 57 to 57. 5he revised it they revised it from 57. 5 billion
Aerial advertising over Otterbein University with a banner saying socialism destroys ohio jobs. Vote trump. They also took out a fullpage ad with the actors of the top three democrats, and captions suggesting that they would wreck ohios economy. Actress Felicity Huffman reported to a prison in california. Behind barswo is for writing her daughters as part ofam scores the College Admissions scandal. After she is great, she must perform 250 hours of community service. Global news 24 hours a day, onair, and tictoc on twitter,f the College Admissions scandal. After she is great, she must powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Powered by more than 2700shery d headquarters in new york, im shery on. Amanda live in toronto, im amanda laying. We are joined by our bloomberg and Bnn Bloomberg audiences. Here are the top stories. Jpmorgan widens its edge on rivals as the biggest u. S. Banks navigated into mulch was third quart
Shares are down in after hours trading. We will have a report. And, libra grilling. Facebook Ceo Mark Zuckerberg is anticipated to face lawmaker questions on the social networks controversial cryptocurrency on wednesday. We cover what to expect. First, our top story. Snap fell as much as 10 in late trading after reporting thirdquarter earnings. The Company Reported revenue and user growth beating analyst estimates. It has been boosted by an increase in downloads to the revamped android version. But questions remain about longterm monetization. To break it down for us, i want to bring in Jitendra Waral from bloomberg intelligence. First lets talk about the third quarter, daily active users. I have a chart here that i am showing in my terminal. Seems like those daily active users knocked it out of the park. Jitendra q3 numbers were pretty strong. It is the q4 guidance that fell short. Looking at the backdrop here, the stock is up 154 year to date. The valuation, to sustain that valuation