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The oil markets. First, stocks kicking off the first trading day of the new year on a high note. And if the january effect plays out, todays gains could be a positive sign for 2018 bob pisani here with the story bob . Reporter yes, just a lot like 2017, some of the big names are moving today semiconductors doing well. Lot of interest in that. We see Retail Stocks doing better we see energy doing better heres something curious, the banks are not participating in the rally. I find that interesting given that the ten years been moving up utilities have have been a loser for a long time. Thats no surprise here. Look at some of the big banks. Come over here citigroup here down 0. 4 on very light volume most of the big banks, regionals in particular are down fractionally not a great month, frankly, if you want to look at january. We asked our friends to take a look at the last five or six years in january it tends to be a down month. Nasdaq and the s p and the dow industrials all to the down
New-yorkUnited-statesJapanIranChinaFloridaVirginiaPoint-juliaWashingtonRussiaCincinnatiOhioExcesses of capitalism so that it doesnt run a muck. It doesnt mean anything if all of the new income in wealth is going to the top 1 . The largest u. S. Ipo of the year, first data prepares to price its ipo in a listing that hopes to raise 3 billion. Yes this is the start. The Big Bank Earnings from wall street and a bad omen to kick it all off with disappointing results from jpm. The largest bank by assets. Revenues missing forecasts. Profits were lower in really three of the four key businesses for jpm. Total net income rising 22 but this was thanks to a one off tax benefit. The ceo saying the bank chased a challenging Global Environment and hes promising to cut another half a billion dollars off of jpms costs. Now other financials and also they will report numbers later on today. Yes that includes bank of america, wells fargo due out after the bell. Dpoeld man will release their 3rd quarter scorecards tomorrow. Not a great way to kick it off. Certainly not. Lets have a quick look a
New-yorkUnited-statesArkansasMoscowMoskvaRussiaGermanySipoShaanxiChinaIranAfghanistanAtlantic he highfashion makeover. You see if its new uniforms are a sign of a bigger revamp and we look at why two letters are all you need for an app to go viral. Lets get to our top story. Nicolas sarkozy has been charged with influence peddling after 15 rounds of questioning by police. Good morning. What are the details of the charge . Is interesting is this is the first time in recent history is that a french president is being held into custody, like we saw last night. Questioneds, he was by the anticorruption judges in the suburbs of paris before being officially charged with influence peddling. Sarkozy isolas accused of is allegedly influencing a judge, seeking information from this judge in exchange for promising the judge a prominent position as a government advisor in monaco. So the information that Nicolas Sarkozy was looking for is related to another case on alleged illegal financing of his president ial campaign back in 2007. And the investigators are looking into whether
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