that looks very strong at citibank as well. citibank was not a strong. they will talk about asia, latin america, the investment side looks very encouraging indeed. that is very positive what we can see from goldman sachs and morgan stanley. the more you are exposed to capital markets, the better you will do in this environment. alix: let's get to card spending then. that was a good thing for citigroup in the fourth quarter, climbed 12% on exit quench a basis periods -- on existential basis. still down year on year. what is the position of the consumer from these banks so far? octavio: the research is it has held up a bit better than people expected. p if -- if you look back, the amounts of reserve those have not come into fruition the way we expected. too pessimistic the first half of the year. things have not been quite as bad as they expected. not great but not as bad as they expected. credit card spending is down. deposits are of quite sharply. people swearing away more money. guy: there seems to be this view about the fact that the biden administrati

citibank three months later gave the rioters money. they created a $1 billion fund for racial equity. go ahead and defined that term. some enterprise progressives establish something called the minnesota freedom fund. that means tens of millions of dollars to bail out the rioters. in the democratic party politicians including kamala harris supported that fund. the insurrectionist support of them. we were against that kind of thing now and are completely against it now. but insurrection not necessarily, this is situational. situational ethics from the '60s. it is a good thing because the work of justice is gone. the fbi to conduct one of the biggest in recent history. roger stone and everyone on the wrong side of that equation. but actually commit is worse than that if we will be honest. we don't want to be alarmist but the hair on your arms and standing up as you can feel this is bad because it is. something bigger is happening. something we've never seen in the full course of american history. corporations are more powerful than they

the regulatory environment is far more constructive than people thought it would be citibank is a lot of operational leverage and how about the provisions, those loss provisions rolling off own citibank. >> tomorrow is a big day very, very big day when it comes to earnings. we've got apple, tesla, facebook, just to name a few that brings us to the next que question. >> we have the university of north carolina chapel hill and here today to ask you guys a question about tesla. >> with tesla approaching 2,000 ratio, we want to know does tesla have to absolutely blowout earnings to continue the monster rally? >> or will the recent high ground growth stocks continue to intract investors to tesla with minimal consideration to underlying fundamentals. >> thanks for your input. >> i guess you guys got a promotion and sound official now and by the way, they were wearing matching shirts. dan, what is your take >> well, first things first, mel, lopner calls his crew the committee. you mixed-up guys on "fast money" for whatever you call the guys on the halftime report. i'll say when you think abo

hotel chain marriott international and citibank bank of america and ford motor say that they will take recent political events into account before making future donations and big name companies like b.p. c.v.s. health exxon mobile targets say that they're reviewing donation policies melanie sloan joy is a former u.s. federal prosecutor attorney with expertise in government ethics she says that this will have a huge impact on the republican party. and we're seeing new companies added to the list by the minute we've seen tar get federal express exxon mobile wal-mart delta all reconsidering their contributions and the american political system is run on campaign contributions without being contributions these members of congress will not be able to get reelected and it seems that these companies have decided it was finally time to take a stand i think there's probably been a great deal of disappointment in the past few days about how you republicans have really come out strongly against what happened at the capitol on wednesday they're not rallying around the need to either use the 25th a

the hotel chain marriott international and citibank bank of america and for most of the say that they will take recent political events into account before making future donations and big name companies like b.p. c.v.s. health exxon mobile and target say that they're reviewing the donation policies but also franco as a former senior advisor to the late us republican senator john mccain he joins us now live from washington d.c. via skype good to have you with the so the old adage money speaks louder than woods's culprit america writes to cut campaign contributions to those whose actions it perhaps disapproves of. well i think it's symbolic one of the things that corporate america is famous for doing whether it's a black lives movement or right now the very tense situation the country is is in when it sees it crisis where most americans are appalled by the events it takes some symbolic action and i say symbolic for this reason the end just a virtually all of those corporations do not lie with the heat by an administration and certainly the more extreme elements in the democratic party a

but citibank, i think the operational leverage they have to whatever growth is out there, citibank >> nathan? >> i think tim is right. i think you can look for a move of coke back above 50. >> liking the sugar water. karen? >> i like morgan stanley remember when they did that e trade deal how great is that? i like the way they are changing their business morgan stanley >> guy >> great trade by the mets, getting lindor >> yes, francisco lindor see, i knew that >> speechless. do you have a trade? >> amd, amd. >> see you more "fast." "mad money" starts right now >>> hey i'm cramer welcome to "mad money" welcome to cra-america people want to make friends i'm trying to make you money my job is not just entertain but educate, teach you, put it all in context call me at 1-800-743-cnbc or tweet me @jimcramer. got a lot to talk about tonight including how can this market hit record highs today after what happened in washington yesterday? with the dow gaining 212 points, s&p jumping 1.48%, and the nasdaq pole vaulting 2.56%, made up a lot of the ground from yesterday. so you got to ask,

palantir's moving up another 5% after citibank with cut the stock to a sell from neutral. nobody cared, right? saying that it may be headed for a down turn this year. and in the latest episode of jeff bezos' blue origin versus elon musk's spacex, rocket's start-up taking a big leap toward its goal of ferrying tourists into space. yesterday it completed the 14th test flight of its new shepherd rocket booster and capsule. very cool. the company says it could start flying passengers, yes with, humans -- yes humans, as early as this april. okay, april? blue origin's successful launch, billionaire richard branson's tourism company virgin atlantic is heading rudely back down to everett, down 6.9%. but this after a huge runup yesterday, and year-over-year the stock is still up pretty considerably. and it seems that with ip os, red-hot debuts lead to red on the screen. berm's down today 1 is.5 percent. poshmark ended yesterday's first day of trade up 141%. it's down 19% right now. and petco surged 63% in its market debut yesterday. it's giving back about 6.33% of that. >>> check t

marriott and citibank among the first companies to suspend donations to those who objected. >> i have called for them to resign. >> aw lawmakers prepare to return to washington, the capitol's attending physician warns in a new memo obtained pi cbs news that they may have been exposed to someone who tested positive for coronavirus while they were holed up during the seernlg. nikole killion joins us from wilmington, delaware, covering president-elect biden. nikole, i understand there are some late developments involving the president-elect? >> well, this evening we learned that president-elect biden has spoken with the brother of capitol police officer brian sicknick who died thursday from injuries you suffered in the riot, mr. biden would not say if he plans to attend his fun ral. >> duncan: nikole killion with that latest information. thai. today cbs news learned the fbi arrested two men carrying plastic restraints into the capitol. one seen here is eric munchel, arrested in nashville, cbs's mark strassmann has the story. >> minchin is our, say the mob. >> i'm really glad, it needed t

what price you know and so i'm happy to own it now no answers everyone else on excel you've got citibank and bank of america was price targets between 100600000 they said on our show that you are looking for a short term target of 60000 what's the price actually 2021 look like for you i don't know exactly where it goes it could be $200.00 max it's certainly going to be a 100 if you kind of look at the typical pattern of a basal to 8 to 10 x. a bit call the base send 1000 so i think a 100 is easy in the basis moving up on the average basis i like to look at the 200 day moving over to me as an absolute no brainer to buy it all over and when i get to send a book you know you know you can either stop buying or maybe you know so little and prepare to every show when it comes back it is all we all know right well that's the history of money is that it's starts off a collectible almost into a star about. becomes a medium of exchange and then internet accounts are still at the store a value phase i agree that once it gets out over 100000 or so you'll start to see people actually use it to buy st

hotel chain marriott international and citibank bank of america and ford motor say they will take recent political events into attack and to account for making future donations and big big big name companies rather like b.p. c.v.s. health exxon mobil and target say that reviewing their donations policies some of trump's favored banks are also cutting ties to the new york based signature bank and abroad bloomberg is reporting german led the doj back has decided to no longer do business excuse me it was from melanie sloan is a former u.s. federal prosecutors she says the pulling of donations will have a huge impact on the republican party. and we're seeing new companies added to the list by the minute we've seen tar get federal express exxon mobil wal-mart delta all reconsidering their contributions and the american political system is run on campaign contributions without having contributions these members of congress will not be able to get reelected and it seems that these companies have decided it was finally time to take a stand i think there's probably been a great deal of disappoint

corner and they're they're putting the heat they're pretty large corporations including goldman sachs citibank and citadel the company i mentioned earlier she earned actually $800.00 some $1000.00 from so though in that's a big deal because then if she rules against the retail investors if she rules against a wall street bets or makes some kind of thing to stop this from happening everyone is going to point to that and say oh oh that's how the system works you get paid for them speaking do it you're absolutely correct and in this is where the speaking good big come back to bite you always always. with one of america's biggest sports holidays on the horizon the national football league is in the news for something they'd rather not be. turning headline for the n.f.l. right now isn't the super bowl it's how the league will respond to yet another domestic violence and assault case against one of its athletes prosecutors on wednesday charged former seattle seahawks a prince of tackle with 1st degree domestic violence assault and domestic violence unlawful imprisonment after he allegedly attacked h

going to germany and i am a big business or a middle business or small business, is jp morgan for citibank decision tree of doing banking business versus german banks? elsa: for sure. there is evidence of slight treat, but absolutely they are still the global lenders european lenders will look to because there are few global lenders that remain on the european side. if you look elsewhere, deutsche bank has a treated. you are not left with many domestic choices so you have to include those. francine: talk about consolidation in europe, what a cross border -- cross atlantic consolidation make sense? elsa: if you look at these potentials on paper, some of them would make a lot of sense, particularly across borders in europe. whether they are doable from a regulatory standpoint because of the hurdles that remain and moving capital around clearly across europe -- then you need to consider the cultural issue which across europe would be considerable. add to that of the cost and the destruction of executing those at the time when banks are under a lot of pressure. a lot of that points to being di

wells fargo, jp morgan, and citibank reporting first. there are some bright sides.is still in trading. we are going to watch the biggest banks seeking to take shares in those equities and fixed income as we have seen underwriting of types of products rise last year, really fueling the boom in trading, along with elevated vix from a year ago. there is still a lot of concerns on the horizon. fourth quarter earnings are back. we want to look at what will fuel the banks in the quarters to come above and beyond buybacks. the economy is still in bad shape. will those loan losses turn into greater losses for these banks? we are seeing some yield curve relief, will they still be impacted on the near term? will trading revenue continue as we have seen a continue in the past? and dealmaking fees. can they keep that up into the year? alix: great set up thanks a lot. now we are talking to tigre sick. -- betsy graseck. let's start with tomorrow, strata. you have wells fargo, city, jp morgan. the number one thing you are looking for? betsy: the number one thing we are looking for

jp morgan and citibank are saying maybe six months.ion, is this a rethink in general of critical contributions? if they did, that would be significant for the political parties. thisstreet donors alone, is rank and file bankers, contributed $125 million to the majority democrats, and that does not include the big spending that goes to political action committees. these are big donors, and if they do any rethinking, it could be very significant for parties. manus: there is a cracking story, thank you for that, david scanlon. it is written by bloomberg. talking about wall street, if you are willing to overlook bad characters who do good things for you, that can come back to bite you. cracking article. annmarie hordern is out for a couple of days. she left me in control of the wheel and the gearshift. dangerous times on "daybreak europe." anna edwards and matt miller take you from london to frankfurt, paris and beyond. the european market open. this is bloomberg. ♪ anna: good morning. welcome to bloomberg markets "the european open." the

citibank and j.p. morgan down about 2% each. let's begin with j.p.because it is lower despite the fact it was a record quarterly profit. generated $12.1 billion. a 37% jump in

we will take a look at financials as big bank earnings kick off with jp morgan, wells fargo, and citibankd we will hear from the head of global macro and asset allocation at kkr discussing the outlook for the economy and market risk. negative tone to the markets again today. while we have seen leadership in places like energy, that is a group that is leading lower for the s&p 500. financials, which are releasing low loss provisions also week on the day as our industrials and many tech names are acting as a drag. there is plenty for markets to be digesting from joe biden's agenda including a stimulus package to the continued path of the covid-19 pandemic hitting second waves and the fear of third waves around the world. what lies ahead in 2021? our guest is a vice chair for blackstone. this is a compilation of top 10 surprises every year. in terms of the one you think is most important, should we assume it is number one which is that president trump starts his own channel or is there something else we should focus on? >> i don't think that was going to work out. i would say the most import

so does google appear to so does citibank, so does the government of china, so does alexandria ocasio-cortezose are the people who run our country. if they don't like to be criticized. on the other hand, they don't care to defend themselves directly with reason and fact, in fact, they can't do that. instead they denounce you, their critics, as white supremacists. then they just ignore what you say. fine. we've dealt with this for years. we are used to it. we understand what's going on. as a new regime in power starting today, and today seem to be planning to accelerate things dramatically. they are getting the fbi and the pentagon involved in this hunt for people they may criticize. the very big change. you should understand what it's really about. jason whitlock, thank you so much for coming on tonight. no one ever says this, but i think it's true, that the work against whites primacy, supremacy of any kind is faith. people of faith are far less likely and are commanded not to judge people on the basis of how they were born. why does nobody say that? >> i'm glad you said that, you're speaki

expectations off of a steeper yield curve don't happen in the fourth quarter also, let's be clear on long citibank and citi bank's up 65% since november. it's hard for me to see them announce anything tomorrow that's going to get you overly worked up. i think the story on the banks and certainly getting some sfwhiegt the help of the broader economy, we'll all be listening for that i think regional banks have less a story to tell than the money center banks, which i think have a couple of levers to pull >> coming up, looking posh poshmark more than doubling on debut. are things about to fall out of fashion? and beyond the burrito efe new menu item serving up bey gains. we've got details when fast money returns. introducing schwab stock slices. for as little as $5, now anyone can own companies in the s&p 500, even if their shares cost more. at $5 a slice, you could own ten companies for $50 instead of paying thousands. all commission free online. schwab stock slices: an easy way to start investing or to give the gift of stock ownership. schwab. own your tomorrow. schwab. ♪ ♪ ♪ digital transformation

look at the rare jump this morning from sell to buy instead of sell, hold, buy, we have micron at citibank and goldman sachs. with wee w are essentially talk about sectors and groups i happen to like. i think these could do well this year? >> yes, i do. hi, charles. nice to see you. happy new year. absolutely. these are your recovery plays. these are the sectors that are going to do well coming out of recession as the economy recovers and accelerates and as the yield curve steepens. we like them also. we think they will do well. cyclicals, value financials and reopen stocks. >> hey, charles, happy new year. i like micron here. i think the high tech play makes a lot of sense in this environment, especially based on you saw the report from citi. they like the environment for their memory chip. the market was increasing for the memory chip. that's a fair play. the others kind of stay out of it. i do like micron in this situation. charles: last year was one of the worst ever for people who bet on the downside, the so-called shorts. in fact, many of them threw in the towel in a lot of their sho

twitter is sliding on an unrelated citibank warning on upcoming earnings. it all comes on the heels of multiple business associations and groups decrying the president's role in this chaos including the nation's largest manufacturing association, calling on vice president pence to invoke the 25th amendment to remove donald trump from the white house. coming up, former business round table member and legendary investor leo hindery on what business must now do to show leadership. closing bell ringing in 45 minutes. the dow zooming higher by 231 points. stay with us. ♪ ♪ ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa the rx crafted by lexus. get 0.9% financing on the 2021 rx 350. experience amazing at your lexus dealer. get 0.9% financing on the 2021 rx 350. save without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you'll only have

so, we've seen jpmorgan, citibank, goldman, multiple banks saying they're looking at or spending ford of time political donations, and that's really a moment. we've seen over the last few years a lot of corporations be pressured to not only take the interests of their shareholders in account, but also the interests of their employees and of larger social issues. and this is really a moment that we've seen on the political front, rather than on social issues, like black lives matter or gay pride as well. >> so, peggy, can you help explain to me -- many of these companies are being very explicit. they are saying, if you voted to overturn the election, we know joe biden won, we're not going to give any money to you. some of the companies are going so far as to say we're never going to give money to you ever again. but some other outfits seem to be saying, we're just not going to give at all. what kind of message does that send? i want to say -- correct me if i'm wrong -- but goldman says said we're not going to give any political money out at all? why does punishing democrats make any s

citibank, 7.4 times earnings, cigna, nine times earnings mr. a big winner for me this year, six times earnings. there's plenty of value in the market and as generalization, the market is reflecting unstable conditions. we cannot run 3 and 4 trillion dollar deficits forever. we are not able to keep interest rates forever. that's all we pull demand forward and be very careful i will tell you the history books shows when you bought the s&p at 22 and 23 times earnings and the one-year, two-year five-year returns are very, very punked and that's what we're heading for. >> i have to go. what's the most recent stock that you bought? >> the most recent stock that i bought is iff. >> iff >> international flavors international flavors. >> it's 105 puts and i bought some common stock. i've been relatively inactive in the market because i basically believe the market is fully valued, but i don't think it's ready to go down yet, by the way. it's not ready to go down. what i'm waiting for is the fed speak to change. i'm looking for an acceleration in wages,

citibank versus soc-gen. soc-gen cannot pay dividends, they can't buy back stock.have not earned money for the last full quarters and its earnings in 2022 will be the same earnings they had in 2012. u.s. banks, goldman, morgan, citi, they're all able to buy back stock, they're all able to pay dividends and as the economy opens up next year they will be able to reduce their loss estimates that will further increase their earnings per share. it is no surprise u.s. banks are doing better. growth is better in the u.s. but there is also better value in the u.s. than overseas. liz: yes. these are two different things. growth and value. it is wonderful to have both. this is the opportunity. the specific names. you bring up citi as an example, what else, what else looks good to you at the moment? you don't want to buy goldman at 52-week high, do you? >> these work well. these banks will buy back 3, 4 1/2% of their shares, already next year. yielding in the 3s. put that together it us easy to see a 7% return for both of those banks. i think goldman and morgan stanley are in

the companies are blue cross blue shield, commerce bancshares, citibank and marriott. a statement from blue cross blue shield says it will come. tin you to evaluate its political contributions to ensure that the people it's support shared its values and goals and the social media crackdown against president trump continues coming up tonight at 10 30 reaction to twitter's moved to permanently suspend his account as san francisco police prepare now for a protest outside of the company's headquarters. now to the coronavirus pandemic, there were almost 50,000 mork confirmed cases recorded in california yesterday. and the death toll from yesterday was 468. that's one death every 19 minutes here in california. the total death toll in california is now close to 30,000 sizable contingent of bay area firefighter paramedics and e. m t s is now helping in the coronavirus battle in southern california. the state's office of emergency services requested the additional help as hospitals in the south land continued to be overwhelmed by coronavirus. his patients ktvu greg liggins, wit

were just phenomenal, mahomes yesterday, crazy good anyway, i like the banks that come in a lot, citibankelow 60 which it flirted with today i'm going to buy it. >> i know i'm the only person on this screen right now that will not be watching the game unless it's like walking past. >> here's the cmg ad the game is not going to be a blowout but our burrito is come see us at cmg goldman sach >>> 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 and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to help you make money my job is not just to entertain but to educate and put it in context. call me at 800-7 43-cnbc or tweet m

other businesses are taking that stance include the health insurance giant split across the shills citibank and commerce bank shares bank of america ford motor an 18 c's say they will take recent political events and so can't before making any future donations and big name companies like c.v.s. health exxon mobil and target say they are reviewing their donation policies melanie sloan joins us now from washington d.c. she's a former us a federal prosecutor and an attorney with experience in government ethics thanks for joining us on the news hour let's talk about these major companies are suspending donations to republicans how significant a move do you think this is. i think it's very significant and we're seeing new companies added to the list by the going to see target federal express exxon mobile wal-mart delta all reconsidering their contributions and the american political system is run i'm campaign contributions without having contributions these members of congress will not be able to get reelected and it seems that these companies have decided it was finally time to take a stand i t

hotel chain marriott international and citibank bank of america and ford motors say they will take recent political events into account before making future donations while big name companies like b.p. c.v.s. eggs on mobile and target say they are reviewing their donation policies too and u.s. media outlets are reporting that trump's most important lender germany's deutsche bank will no longer do business with him. about on the sloan is a former us federal prosecutor she says the pulling of the nations will have a huge impacts on the republican policy and we're seeing new companies added to the list by the minute we've seen tar get federal express exxon mobile wal-mart delta all reconsidering their contributions and the american political system is run on campaign contributions without being contributions these members of congress will not be able to get reelected and it seems that these companies have decided it was finally time to take a stand i think there's probably been a great deal of disappointment in the past few days about how you republicans have really come out strongly against

we saw the warning from citibank, saying given the gains in gamestop, we could see changes when it comes to etf's and their compositions, that the rally has increased to prominence, rt wj, u.s. as well. are there more fundamental issues in having some of these huge volatile stocks, not only gme, but also amc and even american airlines at some point? jay: those are still actually very small stocks. they are big companies that fly planes, but american airlines is a relatively small stock, where it is today. i own jet. think about american airlines as a stock. jet is all american airlines, you put them all in one basket, that is the joy of etf's. i have been watching the action there closely. because i think that we are getting closer to the true reopening trade as vaccinations accelerate in the u.s., and we potentially get good news from johnson & johnson and its efficacy and its vaccine in the next couple weeks, i think things -- i think the airline stocks will move materially higher. not because of options, retail traders playing in the options of space, but because we will have a reopen

the manicallycations of last week -- implications of last week's events on capitol hill will join citibankn chase. hal lambert is here to talk more about it. hal, thanks for being here. >> thank you. gerry: is this a blanket ban on political donations we'll see? is it a temporary thing? donations are the lifeblood of politics. what will happen? >> this isn't surprising at all. there is lot of outside, left-wing groups pushing these corporations. they're forcing their hand on this they forced them to have social responsibility statements that talk about stakeholders and all the buzzwords that you hear every day from the left and so there has been a lot of pressure on these companies. they want to defund the republican party, the left does. so they started this back actually in north carolina. when north carolina did the bathroom bill there was a lot of pressure. they wanted to have corporations pull out of the state. they wanted to not politically fund and go after politicians that voted for that bill. this is just an extension of it. they will not stop here. think it will be just ted cruz

lawmakers he talked about bring calls from newspapers to resign as corporations from marriott to citibank hit pause on political giving to those who voted against certification of the election and we expect that number of corporations to grow. >> thansy, thank you very much. >>> the images of the capitol are helping investigators reconstruction what happened and make dozens of arrests. yesterday police in washington paused to salute the hearse carrying fallen capitol police officer brian sicknick who died from injuries suffered during the attack. senior investigative correspondent katherine herridge is on capitol hill for us. we came really close to a potentially mass casualty event on the capitol. how are investigators approaching it? >> reporter: a senior law enforcement official tells cbs news investigators are exploring intent and premeditation, whether some protesters came armed to harm lawmakers, even take hostages. video shows the moment violence erupted as a mob pushed over a barrier, and fought with police on steps leading to the capitol. the violence quickly escalates, another v

here is how citibank ahead of global affairs explained this tt we will not support those who do not respectr rule of law. that sounds like a brand-new standard, of course it is and by the way does not apply and that is all of them who support flagrantly sanctuary cities. talk about rule of law but that doesn't count. "forbes" magazine, meanwhile wants to make certain no one who worked in the trump administration will ever have a job again, "let it be known to the business world announced the magazine's editor, hire any of trump's fellow and forbes will assume that it is a lie." in other words dare to hire someone from the presidential administration, many thousands of people and we will destroy your business. that is healthy and normal? you want your country to fall apart completely? keep up fascist like that because it definitely will. the irony of the biden era, at the very least supposed to return to normal. that was the upside. but it turns out this is the new normal, silencing, blacklists social credit scores, threats. at this point to point out the hypocrisy in all of this and we will