i was looking at citibank and it's an interesting case because in citibank's case, they get much more of their revenues from overseas so they're a little bit more sensitive to issues between the dollar and other currencies than some of the other banks like wells fargo might be, which has plenty of problems on its own. this is a situation where they're implying a larger move. they barely move at all on earnings, about 2.4% average. you want to be short some premium, you don't want to be neighborhood short that premium. this is a situation where you're going to get paid if basically it stays right here or drifts higher, the most risk is the dollar and a half. it's a way to take advantage of higher options premium and basically bet it stalls here or goes a little bit lower. >> i think there's a good chance the banks do stall here. same conversations about the transports in a lot of ways. they're discounting a lot of really good news here. in the next hundred days we'll see what it looks like for banking deregulation. maybe some of these money season terse you never thought would be tradi

citibank is not going back to 600. you get the point. we are making all-time highs as a part of the s&p. >>> believe it or not biotech has been the best performing industry group this year, granted it is one week old. we'll tell you what the stock is you can still buy when options action returns. cole, this is my new alert system for whenever anything happens in the market. kid's a natural. but thinkorswim already lets you create custom alerts for all the things that are important to you. shhh. alerts on anything at all? not only that, you can act on that opportunity with just one tap right from the alert. wow, i guess we don't need the kid anymore. custom alerts on thinkorswim. only at td ameritrade. so we know how to cover almost almoanything.hing, even a rodent ride-along. [dad] alright, buddy, don't forget anything! [kid] i won't, dad... [captain rod] happy tuesday morning! captain rod here. it's pretty hairy out on the interstate.traffic is literally crawling, but there is some movement on the eastside overpass. getting word of anot

i was taking a look at citibank. citibank is an interesting case.hey get much more revenues f m from -- wells fargo has plenty of problems all its own. the other thing i was noticing. they are going to be reporting -- this is a situation where they are implying a larger move than they normally v they barely move at all on earnings, 2.4 on average. you want to be short some premium, you don't want to be naked short. i was looking to march. can you sell 60, 62.5 call spread for $1. 235 for 60s, this is a situation you're going to get paid even if it drifts higher the most risk is $1.50. the way to take advantage of higher options premium and basically bet it stalls here or goes a little bit lower. >> yeah. i think there's a good chance the banks do stall here. same conversation we had about transports in a lot of ways. they are discounting a lot of good news in the next 100 days. we're going to see what it looks like for banking deregulation. does it mean higher leverage ratios, lower return on capital, worse profitability. maybe some of these money c

i was looking at citibank. it is an interesting case. they actually get much more of their revenues from overseas. so they're a little more sensitive to issues between dollar and other currencies than some of the other banks leak wells fargo might be which has plenty of problems all on its own. they're implying. it is about 2.4% on average. you want to be short. you don't want to be naked short that premium. you can sell the 60, 62.5 spread. this is a situation where you'll get paid. even if it terrorists a little higher. the most risk you're taking is the dollar and a half. basically bet that it stalls here or goes a little lower. we're going to see what it looks like. what comes tied to that. is it lower return on capital? maybe some of these money centers that you never thought would be. maybe they got to where they should be and that's it. we have to see what happens. i think it could take a pause makes a lot of sense. >> or continue their pause that they've taken or give back. meaning there are two ways you work it off. you either b

citibank was at 600. if you just for splits, it is all time highs. so it is not so important.itigroup is $60. it is not going back to 600 at any point in its high of. aig, you get point. so test. then you have this out of the money call that's still out of the money. fits near the money at some point prior to earnings, it would have happened in a few weeks. you may want to think about a higher strike call and turning it into a spread. >> up next, final call. y , , ey bluno okots .me ♪ helec g he l. letseate r althe mp >>> welcome back. time to take your tweets. we have one from expense here asks, calls on disney. >> i love trades where you're selling premium and gdx, they're high enough that you can tell that but i wouldn't want to do it much higher than the 21 level. disney only if you tone stock. >> final call time. kick it off. >> carnival cruise. >> call spread risk carnival. >> qqq, i prefer long have a g. "mad money" starts right now. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere

gulliver: the people we regard as creditors -- competitors are citibank, jp morgan, standard charterse are the guys we compete against every day everywhere. however, there is always going to be a big, regional competitor as well. these regional guys will become more competitor -- more important as competitors. john: there are a handful of banks -- mr. gulliver: yes, i think that will be a handful of banks that continue to try to be global. if you look at the banks that are global, i think it is about eight or nine, the role of the be about six or seven that are global at the end of 2017. john: people often talk about deutsche bank. for the long time, they were the also big european centered bank. mr. gulliver: i think i will dodge that question. economy,the british the small and medium-sized enterprises that theresa may talked about -- you have one of the networks. mr. gulliver: yes, we have one of the networks that should help them reach out to the markets outside the eu. it will be a fight -- it is an exciting opportunity for us. we are operating in several countries, so if they sta

thomas: the famous charles prince quote, who was running citibank at the time, and he said, "when theic is playing, you have got to get up and dance." so when every other major bank is doing this and earning incredible quarterly profits, that the shareholders are celebrating and the board of directors is applauding, if you're the guy that stands up and says, no, i will behave sustainably and we will not do that, that becomes professionally risky. we got into a very short-term loop. there were banks that did the right thing. jpmorgan did not get anywhere near as caught up as other banks. and at the time, no doubt their c.e.o. was looked at as being stodgy. michael: could we have foreseen it? yeah, there were a lot of people that saw it. but who is going to stop making money because you're going to make too much money and you will collapse. stop selling your product. stop taking that job. sell your house for a lower price, because if you sell at a higher price, the next person has more leverage built in, and it is more dangerous. we wanted everybody to have a mortgage, whether they coul

citibank has been hit with a $28.8 million fine.ncies says she didn't tell homeowners facing for closure about other available options and in some cases burdened them with excessive paperwork. citi says it is pleased to resolve the matter p the major stock indices weredown yesterday. the dow fell 28 points. this morning futures look like they're pointing to a lower open. >> 4:53 is the time. the nor'easter still causing problems at the jersey shore. >> a live report from that atlantic city coming up for you at 5:00 a.m. >> ♪ our family was drifting apart... ...until we found a connection. you have the power to change your child's life. the boys town national hotline can help. call 800-448-3000 (tdd# 1-800-448-1433) or visit parenting.org >> a gloucester township man met the teenagers and the medics who saved his life. the mayor and council members recognized highland high school students mo huballa and jack bisani. the teens were driving past chews elementary school when they spotted derek blalock on the ground. >> and saw something

citibank and bank of america have so far declined comment.nne: we are seeing financials fall in asia following what happened on wall street overnight as well, despite what we heard from president trump. ramy: you would have thought any kind of repeal of part or even all of dodd-frank would make financials rise, but we are seeing that, in terms of goldman sachs, bank of america they all fell 1% to 2% or so. mr. trump spoke with small business leaders at the white house. listen to what he had to say here. mr. trump: it's almost impossible now to start a small business. it's virtually impossible to expand your existing business because of regulations and because the banks don't loan you money. dodd-frank is a disaster. we're going to be doing a big number on that. ramy: you can expect the democrats will try to filibuster to make sure that dodd-frank remains alive. next, reassessing the trump effect. this is bloomberg. ♪ yvonne: this is "daybreak: asia.." some have spoken out against president trump's executive order on immigration. martin, i kno

and by withdrawing our money, chase bank and bank of america and citibank -- there are like 19 largeorporate banks invested in this pipeline. amy: what was the significance of protesting here in park city? what is the chase sapphire lounge? >> with the sundance film festival. sundance in itself is a ceremony amongst lakota, dakota, and dakota people, which the sioux tribe of standing rock reservation are part of. ceremonyery important in their traditions. , sincee film festival the origins of its creation, has been a huge supporter of indigenous communities. yet one of the largest sponsors of this film festival is chase bank, which is investing in the dakota access pipeline, which directly affects the indigenous communities in america. i think we're beyond the point -- i keep saying this, but we're beyond the point of looking at the facade. we have to look at behind the scenes. we have to look outside the box. even of perhaps the people of the sundance film festival do not register, did not think about how chase was actually ditch or mental to indigenous -- the terminal 2 digital thi

citibank and trump's other lenders are working on a bailout plan... >> narrator: the bankers faced a. >> the trump organization confirmed today... >> it was at a time when we all were trying to figure out, is it better off this guy being alive financially, or is it better off having him dead financially? >> narrator: as they stared into the trump organization's abyss, the banks came to believe that trump's assets-- the buildings, the casinos-- were worth more with his name on them than in foreclosure. >> if they were to take trump out of it, they would no longer have the name for the casinos, which was a tremendous part of their allure. otherwise, basically what could they do? liquidate and take a tremendous hit? >> the brand was worth now so much that bankers were willing to take a haircut in order to hang onto the name. >> the trump princess is said to have a price tag... >> narrator: they sold the yacht and the airline. >> trump may have to unload the trump shuttle, worth about $220 million. >> narrator: and they put trump on a $450,000 a month allowance. >> by next summer, he cou

wells fargo as well as morgan ,tanley say they are monitoring but bank of america and citibank has soar declined comment. they are just of the latest in a series of other ceos who have come out a little more swinging, especially in the tech industry. look at all these names. apple, google, twitter, netflix, all of these have been slamming this immigrant a band. apple ceo tim cook saying apple would not exist without immigration. -- donald trump also has financial regulation in his eyes. he is looking at this 2010 dodd-frank act. when is the latest of their -- latest there? >> he wants to chip away or do entirely away with dodd-frank. that came into existence after the financial crisis to protect consumers. >> it is almost impossible not to start a small business and it is virtually impossible to expand your existing business because of regulation and the banks don't loan you money. dodd-frank is a disaster. >> the opening salvo at chipping are on dodd-frank but you going to be sure the democrats will make sure dodd-frank will stay alive. rashaad: of course expecting president trump to

what they do is they don't place them into strategic jpmorgan, citibank, you maim it. they give them the questions they are going to be interviewed with. it's a massive infrastructure that falls fall down, from planning down to the united frant. grch organization, they help manager these resource and that information flowsed back. it's on the chinese side. so you have to be watching all the conversion points. you have to be look why the patents going back and the people going back. you look at transition between companies going interest this microship companies, another microchip company, follow them and follow the ip. it's long convoel luted process. it's a very well run process. much more so than people think. the numbers and the volume and individuals involved they are able to manage because they have built up reverse engineering from time they broke up. they have the pieces in place in the 80s and put cyber piece on top it. that's what is behind it. >> thank you, very much. mr. johnson, we first met about a year ago at the sbe introduction at u.s. attorney who woul

citibank is trading below its book value. if you're looking for value, for value communicants to look at look at the bank and interest rates higher. maria: especially since that's the group of the most earnings growth in the fourth quarter. dagen: a little more than 17 times. that's the highest in more than a decade. we had a pullback of 2.5%. on the 10 year, not up worrisome levels. it makes treasury spoke a little more attractive but it tok roughly 2.5%. maria: who want to talk about investing you president trump signed an executive order that would initiate construction of the wall at the u.s. border with mexico. the action is a promise he repeatedly made on the campaign trail. president trump weighed in on how the wall would be paid for during an interview last night. >> are you going to direct u.s. funds to pay for this fall? >> alternately it will come out of what is happening with mexico. we are starting those negotiations relatively soon. we will be and a will be an affirmative burst and mexico. >> said they will pass

. >> i like that much better than the citibank, which i love. >> all right.on't necessarily agree. you think we're priced for perfection. >> i agree with what david said and certainly we're a lot more -- >> he convinced you or you always thought that? >> we're a lot more bullish than that 3% strategist median that dominic had cited. we're looking for 8% to 10% returns for the s&p 500. >> which is even conservative in a great year. it's okay. we've seen better in the past. >> we've seen better. we saw better last year with a 12% return on the s&p 500. you know, it's not going to be pure, smooth sailing. i think there are a lot of risks. david mentioned some of them in terms of the european political calendar. so, you know, markets don't move in a straight line. i think we've got a clear window to rally between here and the inauguration. there will be setbacks this year. i don't think a trump presidency is going to be consistent with the vix index at 13. so there will be volatility, but overall, i think we're still playing that pro-risk rally that's been in pla

gulliver: the people we regard as competitors are citibank, jp morgan, standard chartered.n every single part of the world there is going to be a big, regional competitor as well. and those regional guys, if i'm right about those trading blocs, will become more important as competitors. john: there are a handful of banks that try to operate across everything? mr. gulliver: yes, i think that will be a handful of banks that continue to try to be global. and the will be banks that are specifically regional. if you look at the banks that are global, i think it is about or 92 2006, 2007, there will be 40-50 banks that claim they are global. john: that level would now shrink. people talk about deutsche bank, the problems there. for the long time, they were the also big european centered bank. mr. gulliver: i think i would prefer to dodge the question. john: on the british economy, the small and medium-sized enterprises that theresa may talked about today enthusiastically you have one of , the networks. mr. gulliver: yes, we have one of the networks that should help able to help t

it is for bank of america and citibank. for all banks we can get the potential tax reform.n terms of the amount of capital they could return to shareholders and that is going to be a big issue when we hear from citigroup next week. because of their specific situation, they have these different tax assets and they impacted depending on the changes. that will be the question for next week. scarlet: for jpmorgan this tory was about earnings growth. less about the core retail business. what are we looking for in terms of capital markets from these big players? this is where they will make the bulk of their money. >> goldman sachs does earn the most from trading. morgan stanley earned relatively morealthough they are much tied to the equity trading business. we saw bank of america commend this morning, there estimate was a little bit later. jpmorgan made that act by having --h eager estimates, there --y are more indicate indicative of the market. i think jpmorgan is coming in strong on a fixed income side. equities not as strong. all the indicators said equities would not be as

secretary to the prime minister, to the chancellor, he has been the head of public affairs at barclays, citibanken chef to cabernet to the vice president of the european union. when he says, look, this is what these people are thinking, this is what these people are trying to do, it you take that as intelligence that you need to factor into your own negotiating position. and it really is, i think, very dangerous for the government simply to rubbish people like that. they should listen carefully, they should take on board. and what we now need is to ensure that whoever it is that replaces sir ivan is someone it is that replaces sir ivan is someone with an equally distinguished record of public service. i hate seeing the civil service. i hate seeing the civil service either politicised or turned into "yes people", i think we need someone into "yes people", i think we need someone with a distinguished record, as sir ivan had, and someone who really has that fundamental grasp of how our partners in this negotiation from europe are going to be thinking. we need the best dealfor the uk. 0k, thinking.