plus more ceos head to trump tower. and another automaker, another emissions probe. we will fill you in on that. but it is all about the banks this morning. wells misses, j.p. morgan beats, b of a posts some mixed results. jim, you just tweeted enough with the binary trade. what do you mean by that? we re in a difficult situation here because there are people who ve been saying the banks have run up so you got to sell them. that s trader talk. when i was at a hedge fund i would say i ll put out bank of america at 23 buy back at $22.88. these are unbelievable quarters, they re unbelievable because they ve become growth stocks, coca-cola, they do not have the ability to run this organic growth. these are remarkable quarters and we just started. bank of america haechbt seen the gains yesterday. numbers i m looking at i ve calculated 100 basis points in fed increase, you get $3 billion more. just added on. do you think that proctor & gamble can put up that kind of number? $600
presidents or interest rates or macro concerns, control their own destinies. today we got some decent numbers from some major banks, and they cast a rosy glow over much of the session until some late-day profit-taking came in and the bulls nemesis, oil, turned down. with the dow ultimately dipping five points, s&p advancing just 0.18%, but the nasdaq gaining 0.48% to still one more all-time record. who is in the playoffs next week? let s start with tuesday since the markets are indeed closed for mlk day. before the open, we hear from morgan stanley and united health. i like them both. i think morgan stanley can report a clean, strong quarter although i don t know if the reaction will be as positive as the other banks. in large part because there s investor enthusiasm for the deregulation agenda of president-elect trump and morgan stanley has already withdrawn from some of the areas that had gotten overregulated. still i think this franchise is undervalued even at its 52 week
some trump tax returns are made public. we know what he paid in 2005 taxes. what does it all mean? and the prime minister of ireland joins us live. his country has hundreds of u.s. companies meeting with the president tomorrow. we ll find out what he s planning. first up, though, the fed is set to wrap up the two-day meeting. fellow policy makers are going to announce a rate hike at 2:00 p.m. yellen has a news conference half an hour later. trying to hang on to breakeven levels for the month, the story is going to be about the dots and the word gradual and business investment. i think you will hear a lot of people say, this could be the beginning of the 17 rate hi2017 that caused problems in the 2000s. we are at a low level. you re not fighting much of a fed. i believe very strongly we have a much better tone of business in this country. there was an article today about lending and that lending is not that strong and i recognize that. but i have to tell you. the com
againby the syrian government on his own people. and then we find out that the u.s. economy created roughly half the jobs that people expected in the month of march, signaling a dramatic slowdown in our u.s. economy. normally this trifecta of uncertainty, of whoa, would cause a decline. despite the selloff last night. the stock market hung in like a champ today, with the dow dipping just 11 points. and the nasdaq edging down .02%. infit tes mall. how can this be? first of all, as much as the market doesn t like uncertainty, it craves decisiveness. the world with the exception of russia and i ran, despites the use of chemical weapons. just elevated trump in the eyes of multiple foreign leaders. plus this attack on syria was a major break with the isolationist agenda he campaigned on, just a total 180. which suggested this president s willing to change his mind on issue where is he s out of sync with the washington establishment. even if you hate establishment politics, you sho
keeping things unchanged. strong showing for jpmorgan, second quarter revenue beating estimates. and awaiting the biggest po of the year. first lads for line. stock set to open at record highs. the bank of england leaves rates unchanged but says stimulus is likely to come next month. black rock s larry fink talked about the market rally this morning on squawk box sounding fairly skeptical. take a listen. here we are we re seeing investors worldwide pausing, we have seen quite a large sum of money being pulled out of equities over the last year and yet we are at record highs. this rally in my mind is not i don t think we have enough evidence to justify these levels in the equity market at this moment. he does go on to say, jim, that if earnings come in above the minus 5 that everybody is expecting maybe some of these could be justified. look, i spent all morning on this jpmorgan. why? because jpmorgan the largest bank, you have to stay focused on it. if jpmorgan