he brought that up at the prayer breakfast this morning. there is a day of recrimination ahead for us. we canone of the things look forward to is the prospect he might refer to mitt romney. mitt romney said i had no choice, i took an oath to god. there was no advantage for me in doing this. the president took issue with that. faith assaid don t use an excuse for doing the wrong thing. anyone who voted against him would be doing the wrong thing by definition. president trump does not allow any criticism of his image. impeachment will be on his record for the rest of his life. he does not appreciate that. david: as we are watching members of the staff come into the east wing of the white house, we will bring you that happens. iner whether we might the state of the union, he did not hold out much of a hand to the democrats. rick: it was not a bipartisan attempt. if anything it was a state of the union look back attacking the obama administration for their failed policies on un
limit. romaine: we saw them pretty much straight out of the gate. some of those losses did tempora er ale bit did temp little bit. sonali: u.s. futures still up, so at least the u.s. markets are shaking some of this off. romaine: we can csb futures up we can see s&p futures up about 0.5%. the end of the month basically erasing all the gains of the year on stocks. the 10 year yield was the big story of last week, really last month, hovering right now at about 1.54%. sonali: brent crude down. we have demand down in china quite a bit, so not surprising to see a drop in the price there. romaine: take a look at euro-dollar here, $1.1062. seeing a little bit of a decline today despite some relatively upbeat numbers only pmi level out of italy and france, as well as spain. when you took a look at your vincent: romaine: now for the versus pound, a bit of a different story. you re seeing a bit more of a bounce there. time now for the global bloomberg first take. exchange, where
Tenyear yield did fall below 2. 3 on the third miss in a row largely better than expected from jpmc and wells and earn,s season kicks off. A big week for retail walmart gets an upgrade from goalsm Goldman Sachs. Financials are driving, but is the real consumer economy primed for a rebound Jpmorgan Chase falling despite posting better than expected Quarterly Results the bank got a boost from lending but hurt by weakness in trading. Jamie dimon says, the u. S. Consumer remains healthy, evidenced in our strong underlying performance in consumer and Community Banking wells fargo with an earnings beat and a revenue miss and citi exceeds on the top and the bottom line. All these names have had quite a run since the election not hard to know how much they deserve today in light of what the macrodata said the results would give me the message that things are on track. Going roughly in the direction expected and theres improvement there. Jpmorgan, 12 return on equity thats one thing that stands
The doj. Bank and the german lenders negotiations with the u. S. Department of justice are set to continue despite a report of a breakdown in talks. When will john cryer get a deal . Key question of course. It is that move on Deutsche Bank. The bank is behind me here in frankfurt, touching down on futures. Slightly underperforming the rest of the market. We are seeing markets on the equity front looking a little more positive. The british pound, down by 0. 4 this morning. Again under pressure. 123. 86. How will it trade through the week when we saw negative equity markets on friday. We are lucky to get a positive start this morning. Let us get you caught up on what you need to know. Deutsche banks negotiations with the u. S. Justice department to result a yearlong investigation into the lenders handling of a mortgagebacked securities are continuing. Earlier, germanys newspaper reported that john cryer was not able to reach an agreement with the doj. Declinederson does to comment on the
I didnt think about it with the tie. Do you have an orange tie . I do own an orange tie. But you never wear it. I never wear it. Are those pumpkins from last year . No. Those are not. Okay. Can you imagine we had things made exactly like us. I have pictures of those. Those arent actually us, are they, andrew . Remember in the past our face has been on them. Our face has been on them. But not these. I apologize, we are going to talk about the markets. We have breaking news the tell you about, we talked about it a little on friday, but now its official. General electric and baker hughes are merging their operations. Now there was a lot of conversation about whether ge was effectively going to be selling its business. We talked about whether this was all happening at the wrong time. This is now what is happening. They are merging the oil and gas operations into a new company that both companies will effectively own. They are looking to get 1. 6 billion in synergies annually out of this tr