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 . Were in a difficult situation here because there are people whove been saying the banks have run up so you got to sell them. Thats trader talk. When i was at a hedge fund i would say ill put out bank of america at 23 buy back at 22. 88. These are unbelievable quarters, theyre unbelievable because theyve become growth stocks, cocacola, 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 im looking at ive 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 million baked in the n
Conversation. One took kind of like the majority of the evening that i thought i would share with people then were going to ask what you think about it on facebook. Okay. This is something we talked about before in our office. Not a lot on the show before. You have mentioned it on the show a long time ago. A couple years ago. Parents and should you be naked in front of your children . Right. A lot of strong opinions. There are some parents that feel like from the time they canre boys and girls like what age is that . 3, 4, 5 . Yes like preschool i would say for most kids. Then some parents even through high school, and you know older kids will feel comfortable especially like in bra and underwear or boxers for guys feel very comfortable being naked in front of their kids. I love that you have the greatest smirk on your face youre just holding back the biggest 5th grade laugh saying around the house in the bear. I think most people feel like you shouldnt be strutting around the house va
Nicole stats in asia with the lead from the Higher Oil Prices continue cap over 1 . Three quarters of 1 . Oil prices soared. 9 yesterday on the opec reduction had an oil just traded above 50. Nicole yield on the 10 year treasury bond. 2. 4 taking rate. Lauren theres a new mouth where program is effective in Million Dollars that runs the operating system. We will tell you. Russell westbrook has done another amazing show for the oklahoma tender as they take down the Washington Wizards. In the meantime, 5 01 a. M. In new york. It is theirs day december 1st. Your first step todays markets in the latest breaking news. Nicole donald trump in his first public event since election day as part of his thank you to her. The first up will be in indianapolis or Vice President elect make pencil enough to deal to save 1000 manufacturing jobs. Trump trading yesterday he is looking forward to going to indiana tomorrow in order to be with the grave markers of carrier. They will sell many air conditioner
Close of trade. Julie hyman is standing by. The story this afternoon all about oil as we see it returns we bear market. Julie we have been talking about oil falling below 40 a barrel at some point today. This is on the outlook for the to not be abating at a fast enough pace to justify the price of oil. We are seeing a pullback to just over 40 a barrel at the moment. We saw a big increase in net shorts in terms of oil. We saw a big surge, the biggest on record on a weekly basis. Look at oil since its highs in june. You see this bear market we have entered. A pullback of 22 as we were talking about half an hour ago. Now trading below the 200day average. As it has worsened over the day, we have seen stocks worsen as well. The nasdaq the lone gain of the three major averages. Energy is a big part of the story today. That is the biggest drag on the s p 500. You can see some of the big percentage declines we are seeing. Many accelerating over the course of the day. They are all slumping in t
Takeover targets coming up. Donald trump has bigname investors advising the campaign and now details if think oar putting their money where their mouth is. We have got the lawyer behind a controversial lawsuit accusing Morgan Stanley of mismanaging the employees 401 k plans and rippling through the industry. Hes going to join us after the bell. Be sure to stay tuned for that. Adding to the bearish sentiment is last weeks rig count showing u. S. Oil producers added rigs. Right. Ra raising concerns of supply online. Lets bring in ed war morris and halima kroft. You know, a lot of talk about how the latest move, whether its the 20 decline, the 20 bounce, 9 up in wti crude last week, has been mostly about investor positioning, is that the case or are we seeing real fundamental supply demand factors here . We have a position of basically a record high in short positions and expected a rally on the back of that and started the see i think the discussion of the opec freeze coming back into pl