bancorp and morgan stanley out with reports before the bell.ots of focus on morgan stanley today following that miss by goldman sachs yesterday. the question will be is goldman sachs just the outlyer. so far it has been. trading revenues in the fixed income area, which was where that miss manifested most of all, goldman sachs up only 1% year-on-year. compared to the likes of bank of america up 29%. significant miss for goldman sachs, only up once year-on-year. morgan stanley guided down already their trading revenues for march. they came forward and guided down to say it will be about flat, quarter on quarter-year-on-yequarter,-yea that will make them the outlyer. >> now that you got most of the banks, the overall picture of the financial sector, is it continuously focused on where interest rates go? >> yes. on the eps line, every one of the big banks except goldman sachs has beaten, but bank of america yesterday was a solid beat but fell because yields are falling. on friday we saw the likes of citigroup and jpmorgan beat, wells fargo less so.

bancorp, usb, probably worse because of the way it acted is goldman.t to come apart like that is not good. >> up next, tweets and the final call from the options pits. [pony neighing] what? hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. hthis bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade >>> let's take some tweets. the first is a question from blair, asking "i am short mat a

on the banking side of things, we've talked about it, cy i don't thinks bancorp.ductor side and qualcomm. both stocks at or near bear market territory so as we talk about tech, financials, infrastructure, those are the big themes, those are the stocks that are indicative of the slowing trends. >> thank you very much. >> let's bring in herb greenberg of pacific square research as well as a cnbc contributor. we started thinking about this segment with this tesla upgrade. i'm sure you laughed because that's the kind of guy you are but there is a line that said we have considerable uncertainty about our estimates for earnings, for revenues and cash flow. and yet this analyst felt emboldened to upgrade the stock and have a $360 price target. momentum stocks work until they don't so how do you figure out whether or not to jump on that train? >> there's discipline momentum which i think some people who probably follow -- look at multiple metrics, right? and then there are a free-for-all momentum and in this case you're seeing a free-for-all momentum in some of these name

cadence bancorp celebrating the recent ipo. down here at the big board.e nasdaq it's neuroderm, developing devices for disorders. i don't think we have had the sticks -- >> no. i feel like it's world cup soccer in south africa where we have horns and then really make our job useless. >> it's marketing. it's marketing at the exchange to a large degree. so honeywell is one of the best gau gainers in the open. >> it deserves to be people, because people are feeling, wait a second, maybe we have to wait and see what happens, maybe the transition isn't that smooth. i really feel very strongly that these industrials have shined. they have done so well this quarter. and it's rather amazing. >> and you were saying during the "mad dash," i mean this transition is not an insignificant one. but you believe the new ceo at honeywell going to be given the latitude to continue to make the kind of moves that cote did to reshape the product portfolio at the company in a sitting want way. >> he had a -- there was a great letter, transition letter where he basically said, l

bancorp getting a boost from an increase in loans and the stock is up all of 13 cents.an stanley, that's a big winner. that's the story. they reported better profits, much better profits. i say, shah gilani, there's a 3% gain on morgan stanley. i say, you give me an update. how are profits doing? this is the reporting season. are they meeting expectations or what? >> goldman sachs wasn't so good. morgan stanley hit it out of the park, trading, underwriting revenue, fantastic. so generally speaking, most of the earnings that are coming in so far are beating expectations by a pretty good margin and most, i think if we probably would add them up now, probably double digit territory. so far so good. stuart: is that a floor under the stocks, 20,000 on the dow-- >> with grappling, it's leaning moore more and earnings driven. stuart: the financial stocks are moving higher, good earnings reports, lots of them. adidias apologizing for an e-mail that congratulated runners who survived the boston marathon. what's that about? >> the boston marathon attacks. adidias says you survive

bancorp and morgan stanley out with reports before the bell. >> corp. >> not the marine corps. >> corporation>> it's not a corps like marine corps or peace corps. >> you would call it citi corps? >> i might. >> he might, actually. >> finally later this morning, the british parliament expected to approve theresa may's plan to hold an early election on june 8th. debate expected to begin around 7:00 a.m. time with the vote soon after that. the main opposition, labour party, welcomed the call for snap elections, so almost certain the prime minister will retain the two-thirds vote she needs for the elections. >> snap elections. >> they're voting for the vote. >> voting on snap? >> not on snapchat. this is a different use. you say snap now -- >> quack-call elections. >> so they have not adopted some voting procedure using -- >> no. you're right, we need to clarify. >> for me, you do. i'm not sure what snap is. >> so it's now -- >> quick elections. not waiting until 2020, we'll do it in june. >> nothing with voting on facebook or snapchat. >> nope. >> some day we might. stocks to watch today. this i

. >> the resolutions adopted unanimously >>[gavel] >> bancorp is call items 11 and 12 together please >> >> >> speaker: to affirm sequa determination. >> motion reused supervisor farrell. >> who made that. peskin is making a motion to remove farrell. >> can we take that without objection? without objection, supervisor farrell is excused. madam clerk, on the item, please call the roll. >> item 13, supervisor see hee. >> aye. >> tang. >> aye. >> supervisor yee. >> aye. >> supervisor breed. speaker: aye >> supervisor cohen. >> aye. >> supervisor fewer. fuer. >> peskin. >> aye. >> ronin. >> aye. >> there are ten ayes. >> the ordinance is passed on the first reading. >> please call item 14 and 15 together. >> items 14 and 15 are two resolutions to receive and approve at annual report for item 14 for the know valley community benefit district fiscal year 15-16 and for item 15 for the ocean avenue community benefit district for fiscal year 2015, through 2016 was submitted as required by the business improvement district law of 1994. >> >> supervisor tang. speaker: aye. >> supervisor yee. >>