Right now on the russia controversy. Well go there live in a few moments. Major banks out with earnings. Jpmorgan with a quarterly beat stronger loan demand offset a decline in trading revenues. Citis results also above consensus, helped in part by lower costs and better than expected trading revenue they both mentioned brexit a year ago, jim. Really helped trading and yearonyear comp is tough joe asked me earlier which is better and i went with citi no slight to jpmorgan, their quarter was excellent, too theres fantastic growth how about this statistic you know that jamie dimon bought back 4. 5 billion worth of stock, even though the stock is up at 97, scitigroup had every line item better than expected citi gave what was considered an analyst day. And i sat down with mike korbat, the ceo on analyst day, skpeman everyone told me, pie in the sky, he exceeded everything that he said. It is a best in show situation theyre buying back 60 billion worth of stock walmart buys back 20 million
Our tenyear is at a seven month high as durables crash estimates. Earnings from dow components dragging us lower in the premarket. Chipotle sinking double digits a big miss on results last night. Amazon unveils delivery inside your door with a new Smart Security camera. We will fill you in. One day after another record high for the dow coke and boeing beating with earnings this morning. Jim, theres a lot to get to several companies with a socalled triple play meaning they beat on the top and bottom line and raised guides aance. I think that visa doesnt get enough chatter by anyone its been maybe one of the most consistent if not the most consistent company in the Financial Service and tech business once again, it blows things away i was afraid that this would be one of those where it blew it away and people would yawn but it was too good because its double digit we are seeing some quarters i went over 3m ynesterday it was a clinic, it was so good. Some remarkable numbers. We could let
Anna a very good morning, you are watching bloomberg daybreak europe, im anna edwards in westminster. Manus and i manus cranny, safe in the studio. You are in for a rough and tumble week in westminster. What can we expect . Theresa may has got to go to her party and explain herself. Anna yes, indeed. The first place, the Cabinet Meeting. We heard from the former counselor George Osborne, enjoying his new role at the newspaper, describing her as a dead woman walking. Within the cabinet she has been giving some support Boris Johnson denies he is planning a coup, liam fox speaking favorably, but she is sent to promote some political rivals so we will see how it turns out. The key question is how will the talks go . There was chaos over the weekend about whether there would be a deal. No deal has been done yet, so we will continue to talk about this into the rest of the week. From the moment, what else is happening . Manus the reality of what is this makes of this what do business makes of
Dividends and buy backs for all major u. S. Banks financials rise ago cross the board in the free market. Drops its bid to buy rite aid buying stores instead. Rite aid shares are plunging because its future is called into question. Blue apron at the low end of a lowered range. The Amazon Effect and signals for an already slow year for ipos first up though stocks are looking to maintain upward momentum after the nasdaqs best day of the year and the saeps best day since april financials doing their part after the fed approved capital return requests for 34 of the largest u. S. Banks a lot of the hikes and capital returns that we saw yesterday mostly above expectations. The market just figured this out. Its been so well telegraphed that theres going to be good news but managements and boards and banks themselves were more aggressive on the buy back and dividend intentions and they all got approved i also think you cant separate it from bond yields. So its good news on capital return there
Drag hi speaking now the president marks six months in office today. Futures are steady yields below 227 as philly fed comes in light road map begin with a stock rally. Markets poised to open higher aztec stocks party like its 1999 breaking through a nearly two decade old record. Shares of american express, travellers and black stone all falling after earnings. And the Amazon Effect shares of sears are up sharply. The retailer announcing its ken more products will now be sold on amazon. First up with all three major indices posting record closing highs in the middle of a nine session winning streak thats the longest in over two years as they break through the record close surpassing the. Com record on march 27th of 2,000. That raised a lot of eyebrows. Sure did. Its pretty broad based and yesterday was surprisingly much more biotech than tech theres lefation going on. Theres companies that are just being revalued on a daily basis. Amazon being the most in terms of momentum, momentum, m