You say goodbye and i say hello. Hello, hello. I dont know why you say goodbye. I say hello. Hello, hello. Lauren welling hello and good morning. Welcome to fbn a. M. Im lauren simonetti. Cheryl saying hello, everybody. It is a thursday. Weve got a lot going on today. Good morning, im cheryl casone. Its a big day and yesterday a giant day tore the markets as we mentioned. Lauren records for the dowd s p 500. All three major averages giving up exactly 0. 15 each. Cheryl lets take a look at whats happening in asia. A lot of news coming out. We had comments overnight from the Chinese Commerce ministry that phase one trade talks depend on the tariffs being canceled p of. In shanghai, we had a slight gang and the kospi coming in with a gang. Lauren germany avoids recession according to the latest gdp numbers. Red arrows across the screen. Cheryl we start with a historic day on capitol hill, a first public hearing in the house impeachment inquiry got underway with a brand yo brandw claims. L
a u.s. drone is down after colliding with a russian jet. the lead starts right now. russian fighter jets intercept an unmanned u.s. drone, forcing it down over the black sea. how will the u.s. respond? plus, 2024 is clearly on. donald trump makes his first election stop in iowa, in the cycle. he takes aim at his first florida competitive, florida governor ron desantis is not officially in the race yet. but first, protecting your money, multiple investigations reportedly launched into the collapse of silicon valley bank, or cbb, as panicked tweets are partly to blame for banks losing $40 million in a single day. welcome to the lead. i m jake tapper. any moment, president biden is expected to speak in monterey park, california, about efforts to reduce gun violence. he ll also meet with families and victims from one of this year s many, many mass shootings. we ll bring you the president s remarks as soon as they begin. until then, we turn to money lead. markets clo
Right now on the russia controversy. Well go there live in a few moments. Major banks out with earnings. Jpmorgan with a quarterly beat stronger loan demand offset a decline in trading revenues. Citis results also above consensus, helped in part by lower costs and better than expected trading revenue they both mentioned brexit a year ago, jim. Really helped trading and yearonyear comp is tough joe asked me earlier which is better and i went with citi no slight to jpmorgan, their quarter was excellent, too theres fantastic growth how about this statistic you know that jamie dimon bought back 4. 5 billion worth of stock, even though the stock is up at 97, scitigroup had every line item better than expected citi gave what was considered an analyst day. And i sat down with mike korbat, the ceo on analyst day, skpeman everyone told me, pie in the sky, he exceeded everything that he said. It is a best in show situation theyre buying back 60 billion worth of stock walmart buys back 20 million
Yesterday. Features today, the picture not much better. 108. 5 sans the dow futures. Again, even your bond market signaling Slower Growth ahead. They talk about an agenda and jeopardy down in d. C. Global Market Action you can see across the board in europe. Ftse 100 in england the biggest losers they are. Asia overnight declines across e board. Shanghai in custody in south korea. Communicate down more than 1 . In the meantime, an Emergency Landing in washington. Passengers warned to brace for impact upon landing at after the plane had occurred. Cisco announcing more layoffs over 1000 jobs will be unpacked it. Companies warning of another decline in revenue. Walmart will be a key factor watch today. First Quarter Results over the opening bell comes amid a record in season for retailers so far. Shockey is. Chris cornell, the front man for soundgarden and audio slave dead at the age of 52. Shocking death comes hours after cornell was performing in detroit. So much going to cover this mor
Yesterday was a standout day. It was the best day for the dow since may 19th the best day for the s p 500 since may 24th and the best day for the nasdaq since december 11th of last year. Things are looking cautious at the open overnight in asia, the nikkei finished up by 0. 8 . The hang seng and shanghai were weaker hang seng down by 0. 3 in europe, some of the early trading thatsalready taken place, you can see right now it looks like there are some modest advances for many major indices. The dax and cac are up the ftse is flat crude oil prices were under pressure yesterday crude settled at the lowest level since november of last year it was down 54 cents to 44. 20. This morning its down another 8 cents. Testing that 44 level at 44. 12 you got the beach on your mind a little bit. Okacean i was thinking ahead to stocks i have not had coffee yet. Following a developing story in barclays. Uk authorities filed criminal charges again the bank and four Top Executives under undisclosed payme