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Season jpmorgan crushes estimates, citi and wells are mixed ahead of the open. Plus sustainability is becoming the new standard, blackrock ceo saying the Climate Crisis is about to trigger fundamental reshaping of finance. And the tesla rally rolls on shares now up more than 100 in the past three months alone. Well start with bank earning, jpm, chase, citi, each posting better than expected results. Wells fargo shares moving lower on its miss. New ceo charlie sharp our cost structure is too high and i believe there are many areas where we will be able to increase our rate of growth. Efficiency really the story on wells, jim well, i got to tell you, im a total believer in Charlie Scharf and what he did at visa hes the most technologically inclined ceo in the bank group it has the most opportunity after this washout it is a washout. I dont think charlie will waste any more time ....
Facebook results beating sales, profits, user growth higher than estimated. The stock is lower in the premarket. The big story for cigna, david cordana ceo joins us whole foods des appointments for the second straight quarter. It is down double digits as earnings miss expectations the governments initial reading of Second Quarter gdp coming below consensus, 2. 3 . Stronger Consumer Spending a slowdown of imports and a hike in Government Spending driving those results. First quarter up to. 6 from a previously reported contraction. Construction not bad. It echos what yellen and the fed said moderate growth continues. I had sandy cutler on the ceo. He said, you look around we are the best in the bad neighborhood, the globe. We are the best performing company. He is including china. He this is the numbers are complet ....