we think over the next one to two years could see a doubling of bank of america stock by the way, not factoring in re-rating. when we talk about a re-rating of bank of america stock, that's above where it has been. this price target and doubling is simply going back to where they were before about hard landing wie think that's where bank of america goes. >> thank you for joining us. senior banking analyst there. >>> with that stock leading financials strung out performers goldm man sachs set to report earnings tomorrow, 7:30 a.m. on "squawk box." >>> overall in the market, 541 or so on the dow s&p up 2. %. nasdaq up 3.25% now a lot of winners in the tech space. sl clearly relief rally, pressure off the yields, what's happening in the uk. strong rally on our hands. coming up, david rosenberg from rosenberg research joins us to break down what he sees the market doing from here with a somewhat negative view we've heard lately on the economy. >>> we'll be right back on "closing bell. don't go anywhere. at humana we believe your healthcare should evolve with you and part of that evolution

and going to go mastercard and bank of america. -- i am going to go to mastercard and bank of america. >> thanks very much. we are delighted to be here. for us, it is a natural outgrowth of our focus on sustainable, inclusive growth, particularly our commitment to financial inclusion. we are committed to bring in a billion individuals into the economy. we supported a $500 million effort in the united states with a big focus on small business there. i have to say when i worked in government we talked about public-private partnerships. most of the time it meant we wanted them to write a check. what i delight about the sufferer is eight is not just about writing the check. -- what i am delighted about with this effort is it is not just about writing a check. it is part of verse drive commission to support small businesses. mr. adeyemo: one of the things we are focused on at treasury is as we think about racial equity, how do we execute? execution does not only involve capital. but it involves what are we doing in terms of building capacity? i know that money matters in this is a place wh

morgan or bank of america.oth of them are rising today. >> as the industry reports results, the industry is watching the development type to credit suisse -- credit squeeze is set to begin the sale of the u.s. asset management. walk us through some of the we know. >> asset manager as part of the big issues with green sale so it is not that the asset management didn't have issues but it is about half $1 billion of -- should they succeed on a sale of this asset manager, it would add to potential profit or potential capital inflows that you get from potentially separated -- separating a banking division and trading envision -- division and you have the asset manager. you have enough to stave off the bulk of a capital raise. >> helpful context in a fast-moving story. she covers wall street for bloomberg news and on the first topic, we covered of the bank earnings. bank of america and some of the big themes, let's bring in david george a senior research analyst. nice to have you with us and i was looking at your com

bank of america also helping today. what, 3,669 on the s&p 500 on the close, somewhere around thursday or so now, of course, we are above that thursday close. back to you. >> bob, thank you very much. let's go to the bond market now. stocks rise, money also moving into bonds, and that is sending yields lower the ten-year once again hanging around 4% after hitting that level several times last week and that is where the bonds sit right now. there you see it right at 4% on the button, the ten-year note. oil is closing for the day, and like most everything else, it too is higher. pip pipa stevens is at the commodity desk with more >> oil just now giving back its earlier gains, tumbling into negative territory earlier in the day, some optimism stemmed from china holding rates steady, which could boost demand for crude and petroleum products, but on the other side, recession fears remain front and center, and that is weighing on oil. but the much bigger mover is natural gas, tumbling more than 6% and at one point, breaking b

take a look at the bank of america's balance sheet. banks, any of the banks who have reported earnings in the last two or three days, you will see clearly that their net worth is going down. you can concentrate on the fact that many doing well but the increase in the income is not good enough to offset the pretext of earnings decline. the increase in loan loss. let me give you an example. jp morgan, indicated a year ago that they had a recovery of 1.5 billion dollars in their loan-loss portfolio. this year, they are indicating that they have a potential loss. but they $3 billion swing -- they have a $3 billion swing. it is not going to offset the decrease in the asset value of the banks. the only our tax earnings down, their net worth is down year-over-year. i do not think the regulators will stand by and let that happen without demanding the banks of further increase their loan-loss and increase the amount of net worth that they have. haidi: when you talk about the revelatory overhang that is at risk, are there specific banks that are

>> i think it is measured risk all of the banks, including bank of america, are concerned about the regulatoryal requirements they are not taking big risks on the fixed income side. particularly derivatives you see the news with credit suisse or bank of england and effect on the credit markets banks are conservative today versus years ago. >> ken, what is your take that goldman sachs is planning a reshuffle and also taking the three divisions and folding the big business into three decisi decisions? >> i haven't seen the article. my presumption would be this type of restructuring usually happens when you under perform or there is an outlook of maturity possibly this is cutting away layers of cost even if it is at the managing director level. >> okay. goldman down 20% this year ken, thank you i appreciate it. ken leon don't miss the bank of america ceo interview on power lunch >>> and 21 sdays and counting until the midterms what you need to know. >>> and before we head to break, sam's club is raising the membership fee basic fees at the store will increase from $45 to $50 starting today starbo

bank of america ceo says the u.s. is being propped up by consumers, or not showing any signs of weakness. he says the lender will maintain it its headcount as it looks to gain market share. we spoke to bloomberg -- they to bloomberg after bank of america reported record interest income rising to $13.8 billion. saudi arabia is weighing investments and other businesses at swiss. the neighbor see opportunities to take advantage of depressed values. creditors rose in new york, is less than two weeks away from revealing details on its restructuring. softbank is offloading its stake on thg, after chair collapsed in the past year -- share collapsed in the last year. the thg stake was over $567 million when it first allowed -- announced the shareholding last year. the value has fallen $40 million. shery: these are some of the other stories we will you watching. asia's major tech stocks could rise after the nasdaq 100 posted its biggest gain since july. we are keeping an eye on all of these stocks across japan and south korea.

of these banks is the investment banking. if we drop into the bloomberg, you see it was the weakest sector for all the banks. bank of america46% as the deal flow worldwide was lower. ipo's were lower. you see investment banking is just falling across the board. of course the next big bank to report his goldman sachs. it will be a huge focus on what has already been reported as an announcement we can expect from david solomon. he is expected to announce the third major reorganization in his four years at the helm. we are told it will undo many of his signature moves back in 2020. he will merge global banking and markets. he will merge the money-losing consumer sector, the markets unit he had promoted for so long, in with wealth management and asset management, and really backing away from attempts to make goldman more of a consumer friendly bank. rishaad: credit suisse rarely in the headlines these days. apparently the swiss bank is considering a sale of its u.s. asset management business. that would be quite something. >> this has been a top story all day. we have reporters around the globe reporting on this. sources tell b

banking, not very strong at all. ipo's driving up, not a lot of murders -- of mergers. it really depends what part of the bank you're talking about. a big, broad franchise like bank of america morgan have a lot more levers to pull to withstand what is a pretty tough market otherwise for banking, no question. manus: david, do you think the red-hot headline this morning, goldman to combine the investment bank and trading, is to make better use of flow and efficiency or is it trying to get ahead of that slow down you have identified in the investment banking that is pervasive? this is a big move. david: the only thing constant at goldman is overhaul, this is the third one in four years. he is undoing some of the things he did two years ago but it is about streamlining and efficiency. they will combine the wealth management and asset management businesses, which are pretty similar, you are managing money for your customers. also the investment banking and trading. the big move that we reported last week is cutting back on the retail business. that's probably the most significant move and might have the most implications in terms of jobs and costs. they are trying to bring goldm

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later today, the chairman and ceo of bank of america, brian moynihan. s bloomberg. ♪ alix: we are about one hour into the u.s. trading session. we are looking at 90% of all stocks in the green. katie greifeld is tracking the news. katie: a powerful rally. you have the s&p 500 up by 2.6%, a lot of strength coming from the tech sector. nasdaq 100 over 3% up. the info tech sector is up as well. all of this coming as yields go lower, the 10 year by five basis points. if you look at the numbers, look at the nasdaq 100 over the past 60's, five of them have seen moves of 1% or greater. add it altogether together, we are not going anywhere. the index is just about flat over that time span, so violently going sideways is one way to put it, but if you listen to brian wilson at morgan stanley, that could change. we are talking about the technical picture, the s&p 500 just below its 200 week moving average. on a technical basis alone, he thinks it could spur a technical rebound of about 16%, which would be remarkable, but it has two asterix. that is in the absence o

let's get to gerri willis, she's got bank of america numbers. >> we've g good news on bank of america coming in at 81-cents a share against exec sayses of 77 -- e expectations of 77-cents a share. revenues were h higher at 24.5 billion, expectations at 23.57 billion. they are increasing their provisions for credit losses due to what's going hon in the broader -- going on in the broader economy, people not keeping up with debt, increasing that by 1.5 billion. interestingly, people watch this back to understand what's going on with the consumers, it's the most consumer-fronting of the big banks and we have the company saying the u.s. consumer clients remain resilient with strong although slower growing spending levels and still maintaining elevated deposit amounts so that's good news. we were expecting good news from this bank and maria, that is exactly what we got. back to you. maria: all right. the ceo of bank of america, brian moynihan, has been on this program talking about the strength of the consumer. that's what you're seeing once again in this report. b of a shares up 2 and a qu

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of u.s. banks and what does that mean in terms of reporting this week. anka of americae latest a big lender to paint a rosier than expected picture of the u.s. consumer. >> the credit quality at bank of america in our consumer books is very strong across the board. payment illiquid sees are much lower than pp and m it, much lower than -- payment are much lower than pre-pandemic. consumers are employed, they have good credit. manus: let's bring charlie back into the conversation. it's interesting when you look at what brian moynihan says consumers are spending. jamie dimon says consumers are in good shape, and jane fraser, the u.s. economy is resilient. no crack's in the faÇade of the u.s. yet. what do we learn from bank of america? charlie: yet is the key word. we saw on brian monahan's face, he looks pretty happy, bank of america had a pretty good day reporting earnings yesterday. what was striking was net interest income, really good returns with j.p. morgan, on friday, a record. give america also set a record. -- bank of america also set a record. they brought in 13.

the market likes what they see with regard to earnings shares of bank of america, higher today, pullings. they notched a beat on the top and bottom line. on the analyst call this morning, chairman and ceo brian moynihan talked about the strength of the u.s. consumer with slower spending level and higher deposit amounts >> on customer liquidity, the level of customer liquidity remains strong high relative to a year ago. these bounces still multiples of the pre-pandemic periods and largely unchanged at the elevated amounts for the month of september these deposit levels suggest continued capacity at extended levels. >> they showed a chart in their earnings presentation, just the multiples regardless of income level that they're seeing with regard to deposits relative to pre-pandemic levels. l delinquents are low, more than half the level they were in the third quart of 2019. again, before the pandemic bank of america did build reserves during the loan quarter due to loan growth and weaker macro outlook. net interest income, a profitability metric that's been boosted by higher interest rat

as you see the third quarter and the first october, the consumer is hanging in there that was bank of america ceo brian moynihan on power lunch today after the company's better than expected earnings number. bank posting a 24% jump in net interest income. meantime, goldman sachs planning a reorg of its business, one for trading and investment banking, another for wealth and asset management, one focused on asset clients. set to report their earnings tomorrow dan, your take on what we've seen and heard for the big banks so far. >> we saw morgan stanley, the way it acted after results on friday wasn't particularly great. when he we think about where, and karen has been identifying as tim also, that interest margin was going to be a thing for these money center banks but the investment banks have lots of challenges in all parts of their business. after record years in 2020 and 2021 so that stock wasn't particularly great on friday goldman sachs announced its reorganize before the reearnings tomorrow morning i are so suspect there is going to be issues in the golden quarter, if they're getting th

kirwin said, i'm the president for bank of america for greater washington, d.c. it's truly a privilege. i'm here on behalf of 200,000 teammates, including about thousand in this area, to thank you for what you're doing, to express our great pride and privilege that we have, be the principal corporate funder of this of the smithsonian's cultural rescue initiative and of this program. it's you know, we truly value history and legacy in our company. and that don't measure it in the thousands of years that you do with the work you're doing. but our companies oldest element goes back to 1784. the massachusetts bank we have ledgers with john hancock and, paul revere as clients here in washington. it goes back to the bank of metropolis. we funded 20% of the rebuilding of washington after the british. i see a few brits in the audience destroyed our capitol. we're over that now but we're really proud our time our time with this cultural risk initiative goes back a little less time. 2018, we were, as richard said, the original corporate funder. we're very proud to do that.

see you later. >>> our top earnings report of the morning is bank of america leslie picker joins us, lie, the stock was up instantaneously after th numbers came out. >> it was up instantaneously and it's helping drive all of the major banks higher, as well. the call wrapping up a few minutes ago and the cfo addressing the key issues specifically as it pertains to consumer loan pipeline and he said if there is some sort of recession they'd expect demand to soften, but they haven't seen that yet he did note, think, that mortgages were the exception to the demand picture due it higher interest rates overall, the firm beating up on the top and bottom line to come up to $24.5 billion and thanks to the reserve bill and the reserve this year was due to both the loan growth and weekend macro outlook and the average loans grew at 12% during 3q. net income, that's been boosted across the banking sector because of lucrative loan making was up 35% during the quarter and the rest of the peers, bank of america did see a slump with fees down 46% and fixed was the standout and equities trading was do

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your money never stops working for you with merrill, a bank of america company. >>> watch the end ofhe little kick right there. theyen to the like this. you can't hit the quarterback. yet, he can kick you right in the jewels rishgts? that's why d linemen don't like quarterbacks. >> peyton manning with his take on live defensive lineman don't like quarterbacks. after that stlid peyton qb mack jones. jones was benched after three series against the bears last night. his final play this terrible interception early in the second quarter. the first of three picks. but zappe came in with the pats provided a brief spark. patriots got a couple touchdowns. then the offense fell apart in the second half. the quarterback change didn't make much of a difference. the bears scored 23 unanswered points on the way to a 33-14 road blowout against new england. i candidly have no idea what happened in this game. bill belichick is going to be unhappy this week. >>> we showed that you clip from the manning cast as the former nfl qb duo peyton and eli manning return from a three week hiatus. they had a go

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bank of america, no shine -- no sign of capitulation. survey may have screamed capitulation, that data did not. people are debating what xi jinping's third period of power will mean for tack, and for the economy in china. let me show you the currency markets, we are waiting for additional information on the size and scale of the intervention in dollar-yen. you can see the dollar up this morning by 8/10 of 1%. there has already been a flesh wound delivered by the japanese on friday. two year yields continue to drop as we raise the specter of a pause or perhaps a less monster jumbo rate hike from the fed by christmas. nymex down nearly 1% this morning as the chinese growth data disappoints ever so slightly. rishi sunak has taken a huge step toward becoming the uk's next prime minister. that is as his former boss force johnson pulled out of the contest. let's get to anna edwards at westminster. the intrigue rises as boris johnson, the theater of him, tracking his flight on friday, to pulling out of the race by the close of business last nig

your money never stops working for you with merrill, a bank of america company. >>> to play the style he would really like to play right now. what a catch. he stays upright. terrific catch and run. one-on-one with ramsey. can't bring him down! samuel, highlight reel, touchdown! >> that is samuel taking a poorly thrown 4-yard pass into a 57-yard touchdown. that score few minutes before the halftime would have been enough for the 49ers to win last night. their defense dominated the los angeles rams. and got on the scoreboard as well with this pick six. that put the game away. the 49ers sacked matthew stafford seven times. 24-9. the rams did beat the 49ers in last year's play-off. and samuel touchdown caused me to lose my fantasy football play-off. i'm 0-4. that is not good. >> the 3-2 pitch. swing and a flyball. shallow center field. coming on is mark. still coming on. makes the catch! the ball game is over. the drought is over after 11 seasons! the philadelphia phillies are going back to the postseason. >> mlb play-off drafts ended this october. mariners the other day and now the phill

i think today's bank of america results good as they were for bank of america are also letting peoplesome reassurance about where consumers are, they can take on more leverage, absorb higher prices for a while. at least that's the way bofa wants to present things and keeping worst of economic fear, at bay. >> see in a few. mike santoli joining me for his last word later. >>> up next, some of the biggest ock calls of the day we're right back. going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing. - oh, the stock market is doing that fun thing again. news from the future: you're going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing. michael is back. and he's more dangerous. maybe the only way he can die... is if i die too. [ screaming ] ♪ ♪ >>> welcome back let's

for bank of america and j.p. morgan, they were the most beloved of this cycle, but are they the most vulnerable into next year? jon: great reporting as always. thank you for the latest on the goldman sachs story. that is sonali basak. developing news tied to twitter. the team breaking this now. twitter froze the equity awards accounts for employees on monday as that deadline to seal the deal with elon musk approaches. ed ludlow breaking that news. walk us through the significance of this. ed: these are the accounts twitter employees check based on stock compensation. the check for status and a notice was placed on those accounts monday. essentially it told them they had been frozen. the ability to trade. there was a quiet period in place anyway, but the company is anticipating this deal. twitter shares pushing higher. it is a sign to the market twitter is proceeding as expected to work to close this deal. the deadline installed by the delaware chancellery judge is 5:00 p.m. on the 28th. but there have been confusi

bank of america shares jumped after the bank reported third-quarter results with a trading revenues holding the bank also delivered strong net interest income. an increase of 24%. brian moynihan says the consumer is remaining resilient. >> the credit quality and the credit quality of think of america is strong across the board. the delinquencies are lower than they were pre-pandemic. they moved a little off the floor but they are still lower than they have been. consumers are spending. they have money. they are employed. they have good credit. >> that is the bloomberg business flash. francine: laura wright in london. let's get more on the economy. resident biden downplaying -- president biden downplaying the chance for a recession. we are joined by vanguard asset management chief jumana saleheen . it does feel like everything is turning into a perfect storm in terms of inflation. can the u.s. avoid a recession? dr. jumana saleheen: i think for this year they probably will. the labor market data is still very strong. i think this year they probably can avoid a recession. going into next year

bank of america earnings out around 6:45. 8:30 we get the earnings call. do they get the same constructive feel we heard from j.p. morgan or do they give a sense of the consumer more strained. right now bank of america shares up 2.5%. eight: 30 we get u.s. october manufacturing data. how much do we get a sense of a deceleration, rapid deceleration in inflation and activity at a time this is a tea leaf that is the first real data we get out of october. the citi economic surprise index has been trending upward. we have seen positive surprises. is that a bad thing for those who want to see the economy rollover sooner? jonathan: the chairman of the federal reserve says to look at it so we look at it. university of michigan inflation expectations 5.1%. tom: on the left, and these are the words that float around, credibility, the idea of anchored and unanchored. there are 14 different opinions other than to say normally i ignore university of michigan and i understand right now it has a value. jonathan: lori calvasina joins us right now. it was not about guiding'

of the u.s.' largest bank. the world pays attention. anything he says will move the markets. anything he says will get our attention, because he is such a big face on wall street. >> talking bank of americasometime not far from now. i guess next calendar year. >> yep. >> seeing job gains right now but they say could see job losses. >> ivan annual jobs growth chart. amazing. shows 3.5 million jobs, monster job creation in the past couple years in and itself inflationary. bank of america and others say that number will slow dramatically, because of the fed's huge interest rate increases and you'll see the jobless rate rise to 5.5%. at 3.5% right now. very, very low. the fed's only target for jobless rate is 4.4%. bank of america saying job loss associated with the fed hike interest rates. >> interesting, bofa or faa. everyone is calling for joblessness to increase. so for you at home, maybe it's not your job on the chopping block, but that does mean the labor market is probably going to be changing. right? this time when we had two open jobs for every one person looking will be changing. maybe harder to get a raise. maybe harder to get that perk you wanted. the labor market is changing, tr

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but to the point being made by bank of america, one of the achilles' heels in their strategy, yes, it'sd this ad supported tier is it the best possible timing because obviously if we're going into an economic slow down, it's going to hit advertising companies as hard if not harder so you're going to try to build an ad platform in the midst of that i would take the other side, though i understand there will be weakness in advertising, but i think this is a brand new platform there's nothing for them to comp to i don't think that's going to be the thing that stops foreign 500 companies from attempting to advertising on the platform the fact there's overall weakness. i think netflix has a very compelling proposition they have people spending more time on netflix than almost any other activity there is. so i'm willing to stick it out if i get snapped out i'll reevaluate and maybe i'll try the trade again, but i do own this thing on a leash. >> brenda, barclay's cut disney today the price target 105 to 120. >> this is stock down more than 46% over the last year, so it's certainly down-and-ou

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your money never stops working for you with merrill, a bank of america company. ♪ ♪ ♪♪ voltaren. ns us live from london. after a roller coaster week stock futures appear to be on the rise as investors wait for earnings report. what's the early sense of the day? >> so, you're right, last week was a roller coaster. investors are turning their attention to earnings. we have a number of big names reporting this week. i will run you through the highlights. worth taking stock the dow jones fell 1. %, the s&p 500 sold off a heavy 3.2% and nasdaq dropped 3% so we're heading into this week on the back foot but as you said futures indicate we are in for a positive start. the names to watch, bank of america, goldman sachs, netflix, tesla, procter & gamble just to name a few and investors will be looking not only to get a sense of how business has fared over the last three months but crucially how these businesses are shaping up as we head into the coming quarter, what the ceos and cfos have to say about the outlook from here. >> a lot of attention on beijing in recent days where press xi jin

su: bank of america is one of those banks tied to consumer lending.about to release third quarter earnings and it has delivered some of the best earnings so far this year, long before some of the others too. one been -- one big banking analyst says and i i to this guy has legs. that has been a theme. loan growth is in focus from a customer loan payments minus what the company pays depositors. it's expected to total 14.6 billion, up from 12.4 billion in the second quarter. big focus on that. goldman sachs reports later in the week. revenue and profit may decline from a year ago boosted by investment gains. they have a strong banking arm and that's the area that has been hit. a lot of focus there as well. haidi: you can turn to your bloomberg for more on bank of america as earnings. you can get the commentary and analysis from bloomberg's expert editors. the key earnings to watch include netflix -- they could see a turnaround in the stock performance as they move into advertising. tesla reports third quarter earnings as well, stocks battered by disappoi

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s&p up 38, nasdaq up 136 this is off the best levels of the morning, but a triple-digit move bank of america reported double beat on earnings per share and revenue stock rallying this morning one of the reasons, for the strengthen earnings strength bofa up 2 2/3% looking to other banks this week investment banks goldman sachs out tomorrow should be important to watch as well that stock up 1 and a third % right now joining me right now cfra research director ken leon, liz peek nancy tengler. >> let me get your take on earnings the bank earnings start there what is your assessment of what we've heard from major banks friday and today? >> we had bank of america today, and you know we are seeing strength in lending commercial and consumer, the expected decline in investment banking -- likely not to really improve in fourth quarter but for the market is really lending, and bank of america today, had a really strong growth in commercial area, you know 15%, consumer 9, 10% these are good numbers. there are some cracks in terms of the health of the consumer we are beginning to see some charge-offs,

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go to getrefunds.com powered by innovation refunds. >>> a number of big bank stocks hitting new lows jp morgan, bank of america all the names we're looking at jp morgan eight times. citi, 6, key corp 6.7. pnc 9. is that enough to get you excited about these names. >> i do like how much cheaper they've become recently and your banks do tend to be your category that tend to rebound the fastest. i do think your banks have been very smart here to keep balance sheets very strong this is probably one of those if we go into recession one of the most anticipated and i think they're prepping for that. i would definitely look at some of these as opportunity. they pay a good dividend and have a good value. especially if you're an investor you want to have a piece of these. >> wells fargo, bank of america you call this super friday >> it is super friday because you throw in citi group and jp morgan they report on friday as well the positives are going to be net interest income, and nest ininterest margin. those are higher interest rates especially at the low end, those companies that have exposure on the low end. you're g

your money never stops working for you with merrill, a bank of america company. epartment that employers added 263,000 new jobs in september. that's in line with expectations. the unemployment rate fell slightly to 3.5%. with us now is u.s. labor secretary marty walsh. give us your reading on what this report tells us. >> this report says a couple things. if t shows us in a specific way that the hospital industry is fully recovered since pre-pandemic levels. manufacturing goes beyond pandemic levels. if you look at the racial breakdown of the racial unemployment numbers, we have seen a drop in different categories. and the latino unemployment rate is the lowest recorded in history. we're seeing as people come back to work, it's equitable, meaning people are coming back to work. it also shows we have more work to do. the participation rate dropped a little bit, but it was higher last month. i'm not too concerned when you lock at the long-term impacts of what these reports will be. i feel good where the economy is headed as far as people going back to work. >> i wan

your money never stops working for you with merrill, a bank of america company. the hiring process used to be the death of me. but with upwork... with upwork the hiring process is fast and flexible. behold... all that talent! ♪ this is how we work now ♪ >>> welcome back, everybody. shares of krispy kreme, the stock up 2% after soaring as much as 6% sugar high early in the session following news of a partnership with mcdonald's. the fast food chain is going to sell krispy kremes at nine locations in kentucky starting on october 26th. that marks the lastf of mcdonald's menu experiments following a growing trend to attract customers. but you have to go to kentucky to do it let's get to bertha coombs for the cnbc news update might be worth it, bertha. >> i love that doughnuts to dollars here's what's happening at this hour virginia man has been arrested in connection with the deaths of four people in a washington, d.c. suburb. police say the suspect lived with the victims who include a recently married couple and their teenage daughter three of the four victims were s

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we own bank of america, but when you look at this stock, such a huge player, with mortgage-backed securitiesarket -- inverted yield -- not really that great between bank of america. we still owned it. we like a lot of -- things, but i think it makes a lot of sense to use calls to play the upside ahead of the earnings place, because currently, we could get a significant -- this stock is coming in above its lows in june, that is sort of interesting, here. if play falls, maybe you get a path to the upside, and can -- >> what do you think? >> all about corporate protection, and return on investment. both of which are served by purchasing calls rather than stock. i think it is a great flag, something i would endorse. >> when i look at the chart on this -- financials are not -- i am not crazy about chasing financials. every chart looks terrible to me. i think if you go into a recession, it is not where you want to be. but of america, specifically, if i look back on the chart, in july, we just tagged that bottom again. so, it looks like it is a sort of short-term double bottom, which -- and it look

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