Jumping after hours. All 34 banks pass their stress test moments ago lets go to kayla for the details. Its not just that all 34 banks passed the stress test, but for the first time, the fed gave a green light to the 34 banks plans to give capital back in the form of dividends and buy backs and the banks responded in a big way with announcements in the case of citigroup and jpmorgan of the two largest bank buy backs on record. For citigroup and pmorgan, 19. 4 billion. It doubled to 32 cents a share the stock is bumping up despite having to recommit the plan and being conservative there is one firm being conservative and that is capital one. They will be buying back billions of shares compared to 2. 5 and 40 cents a share per quarter. The reason being the fed had objections on a conditional basis to the way that capital one manages risks and models for potential losses and what the fed called one of the most material businesses. They cleared with continues and have to resubmit by decembe
Good morning welcome to Worldwide Exchange on cnbc. Im sara eisen im dominic chu in for wilfred frost. Its throwback thursday, heres a onehit wonder, im blue. You wremember this. Who could forget. It was all over new york all over cincinnati, too. Glad to have you here. Good to be here lets check in on the Global Markets after broadbased rally yesterday for u. S. Equities comeback futures set for a higher start dow jones up 33. Financials were a big driver after the stress test results. Nasdaq up 1 point. S p up 4 the banks led the session yesterday. They came out with much bigger than expected cash returners in the forms of buybacks and dividends. The fed blessed all of it financials got a further boost after the close. Theres the early action in terms of the xlf, the etf that tracks financials, up 1. 5 in the early action whats helping the banks is the tenyear treasury note yield has been bouncing. Certainly off the lows of 2. 13 we saw this week 2. 24 not bad. Some selling of treasu
Good to be with you. Im annemarie green. A top vatican adviser, the popes chief financial adviser, is most senior catholic and the highest ranking vatican official ever charged in the churchs sexual abuse scandal. Earlier this morning he addressed the allegations. Im looking forward finally to having my day in court. Im innocent of these charges. They are false. The whole idea of sexual abuse is abhorrent to me. Australian Officials Say there are multiple complaints against pell. Seth doane is in rome. Good morning, seth. Reporter good morning. In this very elite group of leaders in the Catholic Church is an elite group. Cardinal pell is at the very top, close adviser to pope francis. This morning he appeared sullen, quiet, reflective, and he talk about the relentless what he called character assassination against him over what he referred to as matters that have been under investigation for at least two years. He also told us this morning that he has been in regular contact with pope
Percent. In europe also seeing a bit of a mixed picture. The ftse is higher, up by 0. 3 points in france, the cac is under pressure in germany, the stocks are Weaker Crude Oil prices up yesterday for the sixth session in a row this morning up once again up 21 cents to 44. 96 blue apron pricing an ipo last night, 10 a share. Thats the low end of the reduced range the Company Announced yesterday, well below the estimates of 15 to 17 a share. Blue apron raised 300 million ahead of its debut on the New York Stock Exchange later today. Thats a third less than it had hoped. Staples going private. They are being bought basic moth by Sycamore Partners they will pay 10. 25 a stair r. Share f share for strappal staples the buyout comes two years after a federal judge blocked staples planned merger with office depot on antitrust grounds. There was a deal when it came to supermarkets, would supermarkets now be in a stronger vthanks to amazon lets talk banking. The fed clearing capital plans for 34
Michael farr, ceo of farr, miller and washington. Mr. Wonderful himself, kevin e oleary himself the markets have turned south. The Dow Jones Industrial average is down 158 points about 3 4 of 1 . The nasdaq is your big decliner. That is down 1. 73 well get more in the tech weakness coming up the yield on the ten year note is in fact inching a bit higher today. John najarian you pointed out before the show that there is a lot of things we can point to but that euro was weak what is the root cause of what we are seeing today . I think some of the comments from draghi and some of the things that have been going on over seas, not the lack of growth i know kevins going to hit on that for sure because thats one of his big points about why you should be invested in europe, but i think people just decided to take a little off at the end of the quarter here, kev i think the europe spillover came over into our markets, brian, because buy room or sell news, it was virtually assured perhaps wells