it disappointed greatly. about $500 and continues to rise. delta also had a knockout quarter thanks to do messick demand, lower fuel prices thanks to domestic demand, lower fuel prices. smile direct club is getting into direct company should with its main competitor. guy: european stocks are up a little bit. oil acting as a little bit of a drag. definitely the focus on the u.s. banks. in terms of volume, we are ok today. german tenure backing away from the zero line. cpi data out of the united states seems to have given the arrow a little but of a bounce. $1.11, butl north of only just. vonnie: wells fargo s quarterly profits slumped. citigroup beat expectations on 49% fixed income surge. for more, let s bring in allison williams, bloomberg senior bank analyst. from, say, share morgan stanley and other banks? alison: we will soon see. at this point, the numbers are so strong. jp morgan is the leader in that business. 80% from aup 75% to year ago, depending on if you adjus
it is a remarkable number. a lot ofited states, our progress in the 1960 s and 1970 s was because women came into the workforce. love, the part that says it s because women live longer than men. david: you will all outlive us. s&p futures are down by 12 points. we are looking at a risk off ecbe, starting with the yesterday and then china traded data overnight did not help a trade data overnight did not help at all. bracesgo nowhere after a voracious bull market buying yesterday. off by almost 2%. did you know that china bought is most oil yet, crude down almost 2%. 7:25, theresa may makes her final appeal to the eu for changes in the irish border. 8:30, we get those u.s. nonfarm payrolls for the month of february. january housefor building permits. spacex dragon capital is set to splashdown off the capsule isorida set to splashdown off the coast of florida. ripley is on this one. time for the bloomberg first take. we are joined by gina martin adams and rachel evans. w
other on the dow is not driving his thinking never has, i don t know where that came from. let me underscore this point the president is cautiously optimistic, so am i, so is the trade policy group, our colleagues. i don t want to say we are about to leave. but if it is not the ideal for this country, and this country s long-term future, jon, and potus has made this clear. jonathan: let s talk about the enforcement mechanism, larry. a lot of people are confused about enforcement mechanism with the chinese to make sure they don t do anything funny with currency. what is the enforcement mechanism aside from the written agreement from the chinese to pledge not to do it? on the currency point we have asked for currency stability, number one, no manipulation. number two, we have asked for greater transparency, jon. transparency in this case means we would like to know as quickly as also will quickly as possible any currency interventions undertaken by china. we would like to
taking a look at how european equities are trading right now at 30 minutes before the end of the wednesday session. we are seeing a rise in four months year. for now, we have on yield rising along with commodities. we have bond yields rising along with commodities. the euro temporarily rose above one dollar 20 against the dollar. it makes a question of if the odds of intervention from mario draghi increases next week. the ecb may make some references which couldnge effect, lesson, or hold for the next few months the pace of appreciation. a meaningful reversal seems unlikely. the ubs says that buying euro at this level should be a profitable investment over the next one or two years. over the next one or two months, it might be difficult to chase the currency higher given that the ecb is targeting inflation. euro pushes down on inflation which is still well below the ecb s target of 2%. the data points of interest today in the u.k. were consumer credit cooling slightly in ju
warns of huge consolidation. opec dissents on the in a. crude dissents under $50. is saudi arabia s oil minister calling the shots? a warm welcome to the program. let s have a look on what is happening at the futures. we are not getting an incredibly strong picture from the futures this morning, i have to say. we ve got euro stocks up just a fraction at the start of the are p and trading day. the ftse 100, perhaps it s a little bit on the back foot. of getting a great deal momentum perhaps coming through from the asian session. we still have some big agenda items on the radar with the ecb meeting and the jobs report, plenty still to digest. matt: take a look at the nikkei, down 1.6%. take a look at the yen strength that we are seeing, 109.95, how many yen you get for your u.s. dollar. the aussie dollar on the other strength,owing some not the kind of strength we saw earlier in the session. we saw an hour ago a 1% gain against the greenback. 0.5%. only see it up losses in bren