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Season jpmorgan crushes estimates, citi and wells are mixed ahead of the open. Plus sustainability is becoming the new standard, blackrock ceo saying the Climate Crisis is about to trigger fundamental reshaping of finance. And the tesla rally rolls on shares now up more than 100 in the past three months alone. Well start with bank earning, jpm, chase, citi, each posting better than expected results. Wells fargo shares moving lower on its miss. New ceo charlie sharp our cost structure is too high and i believe there are many areas where we will be able to increase our rate of growth. Efficiency really the story on wells, jim well, i got to tell you, im a total believer in Charlie Scharf and what he did at visa hes the most technologically inclined ceo in the bank group it has the most opportunity after this washout it is a washout. I dont think charlie will waste any more time ....
Up well dig into that. Celebrity chef eric ripert joins us live. It is going a big hour ahead but we begin with that massive shakeup in whats called the corporate story of the year. The most important stock in the dow. Boeing firing ceo over the 737 max crisis and poor communication with investors and regulators it cost his job. Removal is effective David Calhoun will take over as ceo in january some might say this is a complete 180 from what 180 and muhlenberg just said last month. From the Vantage Point of our board dennis has done everything right. From the beginning remember dennis didnt create this problem but from the ginger knew that mcas should to be done better. Have you ever satin company and thought you should leave i thought about it. To be frank thats not what is in my character. I dont see running away from a challenge, resigning as a right solution lets bring in ....
Currency call it the Advent Calendar for the 1 the price tag, just 112,000 it is trending coming up, october 23. Just 63 days until christmas Worldwide Exchange starts right now. Good morning. Good afternoon, good evening welcome. Im Brian Sullivan let me be the first to wish you a merry christmas. Why not . We are already seeing decorations at the stores. Your chart has nothing to do with earnings. It has to do with that wild ceo shake up that has the service now ceo to nike. Service now down on that move. Theyll miss their ceo apparently now is the ticker and that stock is now down nearly 10 well get you more on that story coming up. First, how your markets and man are setting up the day a lot of individual stories to chew on. Overall, the markets didnt do a lot. Futures are down a staggering six points we are see ....
Ever in the United States just hit the market. Wait until you see the pictures, what a cool 225 million could get you. It is wednesday, october 23rd and fbn a. M. Starts right now. Then i saw her face. Now im a believer. Not a trace. Or doubt in my mind. Im in love. Im a believer, i couldnt leave her if i tried. Lauren welcome to fbn a. M. Good morning. Im lauren simonetti. Cheryl good morning, im cheryl casone. Lauren lets take a look at how your money is moving. Three dow stocks reporting today, boeing, caterpillar as well as microsoft later today. Dow down 28 points in the meantime. The s p and nasdaq marginally lower. Cheryl is she in or out in hong kong, questions about carrie lams future. All of the markets in asia are under pressure except for the nikkei in japan which gained more than a quarter percent. Lauren stocks in europe are under pressure as well. Brexit hits another roadblock, parrel pmenparliament approved t deal b ....
The Ceo Mark Parker is stepping down, replaced by nike board minneapolis and service now ceo john donaho, marker will be the executive chairman we heard from parker exclusively on the closing bell. We have spent a lot of time over many months working on succession planning. So this is this is not something that happens in a matter of weeks. So its really unrelated to oregon project or other issues this is about me on the board really wanting to make the build on the momentum weve got. Add the horsepower, accelerate against our strategy and do it while im here and in a position to lean in and make this as successful as possible parkers departure comes a the dame the crow kevin planning leaving his post in the new year as well. Both stort sporting stocks time to lays up and buy or sit on the sidelines. Can you just say that. I just did. Do you have ears i do. It hurt my ears. Youre sproech so much smarter than that time to lays up ....