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after by 2%. but once again, joe, the nasdaq showing the most pain in the follow-through from friday. it is the nasdaq, it is financials and where these buybacks that i expected. 80% of the s&p reported by february 5th. the contribution to buybacks in the month of february, very significant. up around 7% of total annual buybacks for context january around 4%. authorizations year-to-date, apple $30 billion available. where are the buybacks? that is going to be what lifts the market. it s done it since 2010. that s what we re all waiting for, and it s surprising we re not seeing it yet. pete, i don t know what s going to lift the banks. the worst-performing sector showing more carnage today. if you go down the list of the biggest u.s.-based banks, the carnage is stunning. right. i looked earlier. morgan stanley down 5%, and the list goes on. goldman, jpmorgan, citi, what stops the madness? the european banks. we look to china, and last week nothing but pmis and th ....
iea saying the global glut say that ten times fast is bigger than thought. and the risk of oil prices falling further has increased. that this has nearly every oil company stock lower again today despite some of the bigger names likes exxon, chevron, shell and others being in the middle of a mini rally this month. self ron up 2% this past week. and exxon mobile up about 6%. joining us now chris kelly, he covered the oil sector for janice. chris, listen, let s try to focus the whole story through one stock. that is a name you like. enterprise products, he pd. their numbers weren t terrible. their earnings per unit down a little bit but better than expected. volumes, okay. gross margins, okay. yet the stock is being absolutely pumeed. are we seeing and this maybe is just one example of it indiscriminate selling at this point without regard to fundamentals? hi brian thanks for having me. i think we are having some technical macro-driven elements of the market o ....
industry study suggests that trading in u.s. asset backed securities will become uneconomical if the rule is not tailored to fit the u.s. market place. if it is uneconomical to act as a marketmaker for commercial mortgage-backed securities or residential mortgage-backed securities, auto loans, credit cards, collateralized loan obligations, then banks will pull out of the abs market which represents a $1.6 billion source of consumer lending or 30% of all lending to u.s. consumers. so my question to you, chair yellen, is how will the fed ensure that the final rule will be tailored to fit the u.s. market which is the most liquid abs market in the entire world? so i will have a careful look at that. i m not familiar with all of the details of the b asal proposal, but anything we implement in the united states, there is nothing automatic that is implemented in the united states. and we will have a careful look at what the impact would be. well, i appreciate you doing tha ....
later, it s a secret sign that energy may have found a floor and had one trader placing a very big bet. we ll tell what you that is and we ll start off with the big moves in tech. cisco surging and tesla misses but the stock is soaring on an upbeat outlook and amazon announcing a $5 billion buyback. do these then to buy back the standout performance we saw in today s session in technology? is it time more importantly to put the tech trade back on? guy. when you talk about the tech trade, that s a pretty wide swath but in terms of cisco specifically it might be time to take a serious look at cisco. you don t have the revenue growth you need to v.probably up 2.5%, 3% and you re talking about a company that s traded seven times forward earnings, great balance sheet as shown by an acquisition added to a buyback. started to make a transition are, and pete can speak to the transition microsoft did. at least they are attempting to move away from legacy businesses into busi ....
last week, some of the companies on tap today. speak of volatility. european bank getting a bounce back. robert diamond joins us. he ll explain why. we re looking forward to talking to bob about that very important story. donald trump and bernie sanders, as you know are the big winners. we will tell you what the financial markets are focusing on politically, as we look ahead now to south carolina and even down the road to super tuesday, which is soon to be upon us. i heard art cashin earlier saying the market will start focusing on who is leading, more and more focus on what s happening on the campaign trail. jim grant sis the fed is apparently unshamable, quote, and we ll discuss that. love jim grant. let s start with janet yellen s comments on capitol hill this morning. you saw it live here on cnbc. steve liesman was monitoring it word by word. what were the key takeaways for you? from the apparently unshamable fed chair to threaded the needle, i would say ....