goldman sachs and citigroup announced their earnings today. goldman falling after it posted a bigger than expected drop in equity trading. meanwhile, citigroup phonics excess in bond trading, helping it to withstand a slump. let's go to jason goldberg, senior equity analyst at barclays. what were your key takeaways after you listen to the conference call with goldman? was a soundought it quarter. the stock had a big run-up into the corner, so you see some selling today. the biggest takeaways were how the company is redesigning itself, looking across its businesses, reimagining itself under a new leadership team, looking to address the customers it serves, and the products that it serves with. vonnie: obviously doing a successful job, but medium-term, any risks to those businesses it is maximizing? jason: the biggest risk near-term is the outstanding ndb remainsound 1 unclear. the other businesses are subject to the markets, which we have seen volatility come in a lot over the last several months. curious to see where that goes looking out. von

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citigroup published their medium number.you take all the men and women, you take the middle person and say what are they making, there is a much bigger gap. that is how equal pay is measured in the u.s. women are paid $.80 on the dollar. that is the median earning. citigroup, in response to a proposal, came out with this data and stepped up as a leader in really setting the standard. emily: not only are they releasing more data and being more transparent, the data looks good. natasha: the data does not look great. don't lookn numbers great for most companies. it was a 29% median pay gap as compared to their $.99 equal pay gap. for minorities in the u.s., it was $.93 on the dollar. it does not look great, they squeaked out and a. they got 86 out of 100, that they are the only company to receive an a on the scorecard. emily: apple and intel, you gave them a b. you gave oracle and hp failing grades why? natasha: some of those companies were a or a minuses last year. emily: so they got worse? natasha: no, we added one new criter

underwhelming reports from the big banks, citigroup and goldman sachs.getting incremental progress on those trade talks. a potential compromise on agricultural tariffs. i'm haidi stroud-watts. shery: i'm shery ahn in new york where it is 6:30 p.m. let's get the first word news with jessica summers. jessica: china is said to be considering a u.s. request to shift some tariffs of agricultural products to other gets, so president trump could sell potential trade deal as a win for farmers. it would involve beijing moving duties on $50 billion of u.s. goods to nonfarm importers. washington says it will not lift its own terrace on chinese goods even if a trade deal is a great. carlos ghosn is facing yet more allegations. he is being accused of improperly charging renault for a $3000 scooter when he was chairman. it was bought last year and seized after the company auditors asked whether he had been entitled to it as part of his compensation. he remains in custody in tokyo and denies any financial misconduct. the chinese woman accused of illegally trying to ent

what did citigroup do right?asha: in january, citigroup was literally the first company in the world to reveal its median general pay gap. and its u.s. median racial pay gap. what that means is it did not use an adjusted number, which is what are the disclosures we have gone from company so far. which and people pay for equal work number. most of those numbers we have seen from companies have been adjusted, they are around many $0.99 to parity. if you and i were in the same position, we would make the same is if i was a man and you were a woman. what citigroup did further was to publish their median number. if you take all the men and women, you take the middle person and say what are they making, there is a much bigger gap. that is how equal pay is measured in the u.s. women are paid $.80 on the dollar. that is the median earning. so citigroup, in response to a proposal, came out with this data and stepped up as a leader and really set a new standard. emily: not only are they releasing more data and being more t

citigroup published their medium number.f you take all the men and women, you take the middle person and say what are they making? what is the man making versus the woman? there is a much bigger gap. that is how equal pay is measured in the u.s. women are paid $.80 on the dollar. that is the median earning. citigroup, in response to a proposal, came out with this data and stepped up as a leader in really setting the standard. emily: not only are they releasing more data and being more transparent, the data looks good. isn't that what you're saying? natasha: the data does not look great. those median numbers don't look great for most companies. it was a 29% median pay gap as compared to their $.99 equal pay gap. right? for minorities in the u.s., it was $.93 on the dollar. it does not look great, they squeaked out and a. they got 86 out of 100, that they are the only company to receive an a on the scorecard. emily: apple and intel, you gave hem a b. you gave oracle and hp failing grades. why? natasha: some of those companies

are you expecting good numbers from citigroup, real quick? >> we do. hopefully we'll see a little bit better revenues on citi from the cap palmar gets side. maria: i know you're sticking around, so we'll get back to you when citi numbers are out. we'll get your insights when they report at the top of 8:00 a.m. eastern. thank you for your insights, marty mosby there. carlos ghosn's wife was in the studio a few minutes ago, speaking out in an exclusive interview with me about her husband and his latest arrest in japan. cheryl casone with more details in headlines now. cheryl: so many details that we got from carol ghosn this morning. she told you earlier in this hour, in that exclusive interview, that she is worried about how her husband, who is the former nissan chairman, is being treated while he remains in detention in a tokyo jail. >.>> they're not violent but thy question him without a lawyer, this is in japan, this is happening, until midnight. he's not allowed to have a lawyer. he's in solitary confinement. the lights are on all the time. day and

the ceo of wells fargo and then citigroup, they said we really don't do student loans anymore. and chase ceo jamie dimon to tell the banking chair that the government took over student loans in 2010 during the obama administration when she was in congress. paul: and voted for it. >> i guess they were just to discrete to ask her what she's doing to clean up that mess. paul: remember, if you have your own hit or miss, be sure to tweet it to us. that's it for this week's show. thanks to my panel and thanks for watching. i will see you right here next we're going to leave it there. i love you, sweetie pie, have a great night. >> from the fox studios in new york city. this is maria bartiromo's wall street. maria: happy weekend. welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm mariat, sheila bair is with me to talk about the grilling of the bank ceos this week on capitol hill.

citigroup have another view. they said resist the temp tatian.to the temp tatian temptation. laura frost stays with us. let's get your first word news. minister'se continuing talks with the opposition labour party as they work toward an end to months of deadlock over brexit. conservatives have called on the prime minister to take brexit out of the european union without delay. chancellor philip hammond reiterates the prime minister does not plan to stand aside until she has delivered brexit. >> she does not have any intention of leaving until that deal is done. she is a person with a strong sense of duty. she feels she has got an obligation to the british people to deliver brexit. she would certainly want to make good on that. has pulled off one of the most remarkable turnarounds in sports his. he has won his 15th major title more than a decade after his previous one. woods claimed his green jacket coming back from scandal and injury. he generated more than $20 million of exposure for his sponsors during tv coverage of the final round according t

what citigroup did further was to publish their median number.ke all the men and women, you say, take the middle person and say what are they making, man versus woman, and there is a much bigger gaps. that is how equal pay is measured in the united states when we talk about equal payday. women are paid $.80 on the dollar. that is the median earning. citigroup, in response to an arjuna capital proposal, came out with this data and steppedeg the standard.g? natasha: the data does not look great. those median numbers don't look great for most companies. it was a 29% median pay gap as compared to their $.99 equal pay gap. right? for minorities in the u.s., it was $.93 on the dollar. it does not look great, they squeaked out an a. they got an 86 out of 100, but they are the on the company to receive an a on the scorecard. emily: apple and intel, you gave them a b. you gave several tech companies failing grades, oracle and hp. why? natasha: some of those companies were a or a minuses last year. emily: so they got worse? natasha: no, they didn't get wor

despiteocks tick higher badly received results from goldman and citigroup.emocrats issue deutsche bank a subpoena amid the trump probe. electric ambitions. are all the rage as carmakers seek to reverse declining sales but how is the china story treating them? we are live at the shanghai auto show. the french poker -- president postpones a speech as flames engulf notre dame. he vows to rebuild it. nejra: good morning and welcome to matt:. --"bloomberg daybreak: europe." in europe. trading yesterday, u.s. equities snapped three days of gains, closing flat. goldman, one of the worst performers on the dow, dropping more than 3%. thats the equity trading was the biggest fear. worst start since 2017. citigroup recouped some losses, but financials weighing on equities. today in europe. four gains on the stoxx 600, looking to green, ftse 100 futures up .2%. a couple of lines. revenue, 4.8% higher than the first quarter of last year. it has provided a good start to 2019. this is the commentary from g4s , sales wins provided a good start to 2019 and they continue to m

citigroup has that issue. morgan stanley also a close area of focus. m&a is also a big area.do know that morgan stanley and goldman were in the lead in terms of being chosen for the ipo with uber, which is heavily anticipated. that likely will go into their forward projections. investors could be listening closely. haidi: su keenan with the latest on bank earnings. let's get a check on the business flash headlines. facebook is investigating a third major outage this year with users unable to access the platform or mentioned during or instagram or what's up -- whatsapp. the problem began at 6:30 sunday morning in new york and spread across the u.s. into europe and asia. it was backed up three hours later but users were quick to vent their anger on other platforms. haidi: elon musk has hit out at battery partner panasonic, saying hold ups and are delaying the model three. he tweeted that the output at the factory is less than he would like. tesla won't boost investment until the existing battery lines are up to speed. expansion plans are on hold. shery: general electric has fin

citigroup retreated after its revenue matched expectations. mark cranfield, bloomberg mliv strategist is in singapore. it wasn't really a stall for the csi 300. decent gains on the day, but making up what we lost yesterday. what do you see when you look at the chinese economy and attempts by authorities there to kickstart it? bloomberg's european headquarters in london -- pboc forstarted at the chinese markets opened today. money into the short-term money markets in china for the first time in 18 leaving the market to its own devices. it wasn't a huge amount but the growing impact was pretty important and that helped give equities a good start in the morning and they built on it during the afternoon. outfact the pboc is helping as filtered through the chinese markets and the hong kong markets. we also have central banks standing dovish around the region, as well. it has been a day when equity markets can feed off of the fact that the interest rate part of their equation is quite docile. no threat from that side of things, so they can get on wi

goldman a at better-than-expected beat in fixed income trading, same at citigroup.h coming in a little weaker on the equity side. for goldman sachs, the question areht be on equities, they losing share in certain businesses? we don't get worried when it is a one quarter trend. it looks like j.p. morgan is gaining share on the equities trading side, whereas goldman is coming in a little bit weaker. guy: does goldman sachs want to be j.p. morgan? clearly in some ways it would, but i am curious as to how markets are going. they also were talking about this rollout of wealth management division, which they will run alongside it. it is starting to feel like a different goldman sachs than the one we used to know. pivot: it is definitely a , and an interesting time in the cycle to be making that pivot. goldman has been the most committed to its institutional business since the crisis, when others pulled back. they have really stayed consistently committed, as well as j.p. morgan. but they have been committed. started in consumer rollout. one of the things we saw was cost r

citigroup had a note out this morning saying we have more visibility on trade. i think this could be one of those things the iranian waivers could irk the chinese to the point it irks the trade discussions. let's part that for the moment. they've got a bullish no caps on commodities. they see a softer dollar. would you share that momentum for commodities 2019, they brought the bullish stroke? there is goodhink support for the commodity markets on the basis that the demand picture is quite healthy and it was noticeable during the fourth quarter that things like copper, iron ore, things like emerging-market equities as the world appeared to be falling apart and worrying about recession, a lot of those were actually rising. it was one of those things that made us more confident. that has continued in q1. the biggest single issue will be the dollar. the dollar trade weighted has been going sideways this year. in an ideal world, you would probably want that to trend down a little bit. a weaker dollar tends to be stimulatory and is associated with rising commodity pri

citigroup also recouping most of the losses after it matched.oining us are a chief economist and a european equity strategist at goldman sachs. great to have you both with me this morning. thank you so much for joining. like we areels taking stop a lot in these equity markets. how do you take stock of the global economy right now? the global economy is that a bit of a turning point. we have seen a moderation in u.s. growth, but it has become clear that u.s. growth is not going to fall to the lowest extent late. we have seen on industrial problem in east asia and europe, taking this problem down, not too far away. shortly now on horse separated,will get but we are now at the point where we can hope for things. nejra: what about in terms of what is driving european equities right now, sharon? was largely out of what we saw out of the bank earnings, but in the interim, the european equities are heading for five days of gains. with the agree previous comments, the growth at the probably in a bid moment, but actually economic growth looks like it wil

we've seen the citigroup surprise index going to its lowest level since 2017.icates? wall street analysts have gotten long -- have got it wrong and been too optimistic at the fastest rate since 2017. michael: if you look at your chart, you see it going up and down. it is a lagging indicator. it does not tell you what is going to happen. the numbers we are starting to see now are getting better. we are seeing better i has them -- we're seeing better ism numbers. jobless rates going to ridiculous lows. will watch this week when we get retail sales. whether those coming better than expected and whether we had a soft patch at the beginning of the year. we usually do with the first quarter and maybe now starting to come back. vera andthryn rooney bloombergs michael mckee, thank you for being with us. growth may be a concern in china and germany, but it appears to be coming in greece. matt winkler, bloomberg editor-in-chief has written for bloomberg on what he calls the greek revival. he is here to take us through what he found. bloomberg, i came to during the summer

:tigroup -- citigroup and goldman sachs reporting earnings this morning.dman.rt with its revenue structure has been quite static, and if you got such a static revenue structure, you can't afford a 40% drop in something, can you? alison: goldman had a really strong rebound in the first quarter of 2018. if you look at this quarter, pretty much across the banks we are seeing decline. we did see at goldman a better-than-expected beat in fixed income trading. the same at citigroup. however, both coming in lower on the equities side. even though they beat on the earning side of thing, revenue is probably about in-line with some of the key businesses, perhaps a little bit light and some other businesses, but really the beats or tax driven, and that is why investors might not be giving them as much credit as compared to if it was a big revenue boost. >> a major fire devastating the notre dame cathedral. officials say so far the force of the fire is unknown, and no injuries have been reported. what is the latest on what can be salvaged? >> it is not good news. it s

we saw the same at citigroup.er, both coming in lower on -- coming in a little bit weaker on the equities side. both banks even though they beat thingsarnings side of revenue is probably about , in-line with some of the key businesses, perhaps a little bit light in some other businesses, but really the beats or tax -- the beats are tax driven and , that is why investors might not be giving them as much credit as compared to if it was a big revenue boost. >> a major fire devastating the notre dame cathedral. french officials say so far the source of the fire is unknown, and no injuries have been reported. what is the latest on what can be salvaged? >> it is not good news. it is not under control and you probably see from the footage it , seems right at the two bell towers. they have got some of it out, but a lot of it is something you can't move. there's chapels and frescoes and statues in there and obviously , those things you can't move out. officials are saying they are not 100% sure they can save the cathedral.

check out shares of citigroup out with earnings just a moment ago.and beating on the bottom line in the first quarter similar to what happened with goldman sachs. andrew >> okay. more bad news for boeing over the week the key u.s. carrier saying it won't fly any 737 max planes until at least this summer phil lebeau joins us with more on this developing story phil >> reporter: andrew, we'll talk about american airlines' decision in just a minute, but within the last hour we've heard from president trump about the 737 max sending out a tweet with basically his opinion of where the situation lies with this plane and what should be done. what do i know about branding, the president tweeted. maybe nothing, but i did become president, but if i were bow, i would fix the boeing 737 max, add some additional great features and re-brand the plane with a new name. no product has suffered like this one, but, again, what the hell do i know here's what we do know about the max. american airlines announcing yesterday that it will be pulling the max off of its schedu

citigroup now stopped testing for marijuana. millenial hipsters? >> yeah, i think it absolutely is. is it an attempt to just widen the pool of who can be considered an applicant and it's up to these businesses to decide that. apparently they decided that someone who maybe uses or has used marijuana, that might not affect them. it's also true that marijuana stays in your system a lot longer than other drugs so you might have used marijuana a month ago and you can failure drug test. charles: all right. thank you very much. dow jones industrial average is off 54 points. liz claman, it's been sort of a mundane monday, hasn't it? liz: well, yeah. you could say that we've got the earnings deluge coming, right? but what about the story that's right in front of our faces, charles, the breaking news, the global oil markets are still gushing after team trump ends waivers that allow eight countries time to wean themselves off iranian oil. u.s. crude still spiking in the after-market session after gaining 2.5% during today's early official

we'll hear from citigroup and goldman before the bell today.ng to report tomorrow. we're going to get morgan stanley's numbers on wednesday. thursday, we've got travelers, meamerican express along with pinterest ipo. we'll hear from netflix tomorrow after the bell. let's bring in david nelson, chief strategist. i want to kick off with netflix with you, david. good morning. i'm saying this could be a blockbuster report for netflix after the bell tomorrow. why so much hype about this particular earnings report? >> maybe it will be blockbuster, but make no mistake, there's a new sheriff in town. the offering you saw from disney, it's a real value proposition. i don't care whether you grow it, buy it, rent it, one way or another you have to come up with content. content is key. for me, netflix, the tough part has always been valuation. the only thing growing faster than revenue is its debt load. they have to spend a lot on content. now we understand why disney bought 21st century fox assets. that's going to be very formidable, adding to their strea

which is your top pick >> citigroup is our number one pick citigroup today with the first quarter resultsad the highest return on tangible equity in over a decade. so in a way it's like tiger woods. the best results in over a decade not the, you know, as many green jackets to say the least but it's the best results in over a decade. the stock's trading a little over tangible book value but what's underappreciate sd that citigroup reiterated financial targets for next year that implies that consensus should be 15% higher so not only do they not cut guidance, they reiterated guidance that's above expectations. so tomorrow i'm going to the annual shareholder meeting -- >> because you're a shareholder. >> i am. here's my share stock. we're going old school here. with the physical share of stock. okay >> which costs you more than buying the share itself. >> it did. to get the certificate cost me more than buying the stock itself but i'm going to ask the new chairman of citigroup, do you agree with management of citi that they should exceed their financial targets for this year and next year? b

us markets had edged lower yesterday, after both goldman sachs and citigroup posted their numbers forite investors. goldman's profits came in higher than expected, largely due to cost cutting measures, revenues were disappointing. that echoes similar results from jp morgan last week. bank of america merrill lynch is due later — and more of the same is expected there. in the uk later we get the latest unemployment numbers. it's expected to stay steady — at a low of 3.9%, while wage increases have doubled in two years. more on that in a moment, but first samira has the details of what's ahead on wall street today. how much does netflix have to fear from rivals like walt disney? the video streaming service reports first quarterly earnings after the us market closes on tuesday. its results come after disney and apple both said they were getting into the streaming video market later this year. will its recent price hikes have an impact on subscriber numbers? just some of the questions netflix investors want to have answered. also, we will hear earnings from bank of america. will they pleas

.% respectively buzz they delivered the best quarters but not far behind is citigroup, up 7% right hereough their earnings were only i would say good, the stock was so cheap and beaten down, it rallied nearly as much as the brothers mortgage. bank of america and goldman sachs both had solid 2 to 3% gains, even though wall street didn't exactly love the results. and only lowly worm wells fargo came out of the period in the red, down 0.4% which is not bad when considering it delivered the worst of the banks let's go through them one by one. i want you to know this group has gotten its mojo back jp morgan posted a truly magnificent quarter totally out of no noey. a better than expected return on total capital and terrific cost drills this was a $9.2 billion winner the only segment that fell short of expectations was wealth management, which makes sense when you consider so much wealth was destroyed during the fourth quarter of the bear market it really shrunk the size of the assets every other line item came in above wall street's expectation. while the brokerage business was still down ye

she was trying to pin down the citigroup ceo about pay discrepancy. here is part of the exchange. >> citigroup has the dubious distinction of having the largest discrepancy between ceo compensation and median employee salary of any of the institutions present here today, a rashable, 486 to 1 ratio. does this ratio seem fair to you? >> [inaudible] >> i cannot hear you. >> congresswoman i don't think that is -- [inaudible]. reporter: you heard the ceo of citigroup essentially saying he has been very fortunate. that he himself does not decide on his own salary. it is put before the board and board and shareholders vote on it. he was saying essentially that you make $486 for everyone dollar that the majority of your employees make. raising issue. some hotter topics come up in addition to pay discrepancy. some institutions finance particular gun manufacturers that has come up. punitive fees. some ceos have taken questions on whether or not their banks, not quite predatory lending but really are abusive in the -- debit cards and credit cards. that was begin

goldman sachs and citigroup in just a few hours following wha we got from wells fargo and jpmorgan as well as earnings season unofficially start to heat up. >>> boeing airlines heats up as the 737 is being side lined. >>> goldman sachs has a message for wall street. get ready for four more years of president trump and donning the green jacket once again, tiger woods capping off his comeback tour with his first masters championship since 2005. it is tax day, april 15th, and "worldwide exchange" begins right now. ♪ ♪ >>> good morning and welcome to "worldwide exchange" from wherever you are in the world. i'm dominic chu and brian sullivan is in crosby, texas, he's off for the day we'll hear from him shortly. what a weekend for tiger woods, nike and the world of golf woods taking home the green jacket for the first time since 2005 capping off a massive comeback tour. much more on that his tourk win and his emotions coming up but, first, here is how your money and the global markets are setting up their dye stock futures indicating the dow will be relatively stable as the opening bella pr

strategist at citigroup. let's check in now on the first word news. >> attorney general william barr has had a timetable for releasing special counsel robert mueller's report. he testified before a house committee today. i will be in ak, position to release the report to the public, and then i will engage with the chairman of both judiciary committees about that report, about any further requests that they have. >> he also said he will offer some explanations for the material he is withholding. the justice department is rejecting sensitive parts of the report regarding potential ties between moscow and the trump campaign. the imf has cut its global growth outlook to the lowest since the financial crisis. it calls for the world economy to grow 3.3% this year. that is down from 3.5% forecasted in january. outlook and signs that higher tariffs are weighing on trade. british prime minister theresa may is looking for a short brexit extension today. in berlingela merkel and later will travel to paris to meet with e

when it comes to iron ore, citigroup moving towards $100 over the next three months.ontracts in singapore trading above $93 so far this month. so, citigroup advising investors to chase this rally in iron ore's anticipated tick up in china's construction activity while cargoes are very low. that's checking on sterling. the british pound edging up slightly higher, extending the gains we saw on monday. this is the u.k. parliament passes a law to stop a no deal brexit, haidi. haidi: let's get you the first word news with jessica summers. jessica: thanks. the trump administration is ramping up the pressure on iran. the league evolutionary guard is a terrorist organization. the decision's unprecedented move and may prompt a backlash that makes it harder for u.s. officials to work with allies in the region. the move places the guard in the same category as al qaeda in the so-called islamic state. a u.s. judge has barred the trump administration from forcing central americans to seek asylum to wait for mexico in months and years. the ruling is the latest setback for the presi

citigroup beat topline and bottom-line, but investors selling those shares.t is the case for the bank index overall. wehaps not helping the fact have a bit of a bid for bonds. the 10 year yield perhaps weighing on this group. finally returning to the theme around china stock. we have very positive develop in from the s&p 500 in u.s. stocks, very close to the all-time high. this chart goes back to the s&p 500's all-time high back in september. in white, the shanghai composite. in blue, the emerging-market index. in yellow, the s&p 500. in purple, the dax. clearly the shanghai composite is leading not just this year out of that weakness, but on that recent moves down we see that it is not really translating yet to these other indexes. it has been leading on the year. something to keep in mind, we could just a little but of a pause for u.s. stocks as well. guy: be interesting to see whether the trade narrative starts to affect that one again, abigail. thanks very much. ande talks between the u.s. china apparently getting close to entering the end game. however,

citigroup and goldman sachs are due to report their quarterly numbers.k of america will release its earnings as well, alongside netflix. 0k, let us have a quick look at the asia—pacific markets as they open for trade. due to the positive close of wall street on friday we are seeing some positive numbers in early asian trade with the nikkei up by 254 points. the all 0rdinaries gazing a fraction. in the plus by 1.3 points at —— gaining a fraction. a rico hizon. sport today is coming up a rico hizon. sport today is coming up next. —— i am rico hizon. just before that. we bring you up—to—date with our main stories. in one of the greatest comebacks in sporting history, tiger woods has won the us masters, more than ten years after his last major golfing title. poverty is harming children's capacity to learn and it's getting worse. that's the findings of an online survey of thousands of teachers carried out by the national education union. it says more pupils are struggling because they come to school hungry, thirsty or without a proper night's sleep. caroline

the markets... the focus is all on earnings with companies like goldman sachs disappointing and citigroupampening trade a little bit as you can see in asia just slightly up. there is no relief for jet airways after it failed to get interim funding from its lenders. the airline's board is meeting right now to decide on the fate of the troubled carrier. the airline has more than $1.2 billion in debt, and its pilots who haven't been paid have been threatening to go on strike. it's also extended cancellation of international operations until thursday. let's get more on this story, monica millerjoins us now from delhi. what are you hearing, it is coming to the wire now? it is and people have more questions than answers stop the board is going to beat in just about an hour and figure out what than explain this. the ceo had written a letter to its employees saying that the funding they had asked for — more than $200 million — has not come through. we are in dire straits for this airline. we have had customers are displaced and have had customers are displaced and have had a tough time getting an

goldman sachs and citigroup in just a few hours following wha we got from wells fargo and jpmorgan asngs season unofficially start to heat up. >>> boeing airlines heats up as the 73

. >> looiss are up and working this morning citigroup taking morgan stanley down to a neutral from ain the $48 price target on citigroup, which is where morgan stanley, which is exactly where the price target is now. >> the recent pullback in shares makes it an attractive entry point. it's up .5%. the big news outside of wall street will come at around 9:30 a.m. eastern time. the question is how much are we actually going to see in now from washington with more on what everybody has been waiting for. i just wonder we say a lightly redacted version what does that mean? what is lightly redacted that will be before any of the reporters questioning him have had a chance to see the reporter before anybody has seen the report apparently it's going to be going to capitol hill around 11:00. maybe between 11:00 and 12:00 a.m. eastern time. we don't know when that is going to be either at this point we know a lot more about what's not going to be in this report than we do about what is going to be in it. start with what we know is not going to be in the report, including a lot of information a

citigroup reported mixed results. earnings were boosted by share boou ba buy backs, are you r but revenu. shares are down fractionally and pot stocks are getting hit pretty hard after one of the largest cannabis companies reported earnings shy of estimates. the disappointment sending shares down 13%. spotify is also falling more than 4% after a report that amazon plans to launch an ad supported music streaming service that would rival it. the service could be available as early as this week and would work through echo devices. and now a cnbc news update >>> here is what is happening. attorney general william barr plans to release redacted version of robert mueller's report on thursday morning that is according to the justice department it did not provide a precise time, but said that it will be released to both congress and the public >>> ivanka trump is meeting with representatives of africa women and ethiopia's president on her four day tour to promote a u.s. initiative aimed at encouraging women's employment in dev

we have seen citigroup, j.p.ltyand others plead as parent institutions in the manipulation cases. -- it isess since business as usual since then. on where not comment this will wind up. we are very focused on getting this resolved in the best way that we can. we will do that for our shareholders. was goldman sachs chairman and ceo speaking to the conference. let's get a quick check of the latest business lines. contrasting fortunes for big energy in china. profit felt when he percent on lower oil prices and shrinking earnings from refining. petro china reported first-quarter net income as higher production earnings offset its slump in refining. anadarko plans to resume talks. anadarko directors agreed that the offer could reasonably result in a proposal. the chevron agreement remains in place. if anadarko claims the offer would be better, chevron would have four days to respond. ♪ >> this is "daybreak asia." i am jessica summers. thailand has cut forecast on slowing exports and expects the weakest expansion for t

i looked at the citigroup's price index. it's at a 22-month low as we sit.al citigroup to price index on the economy is at a 70-month low so i would actually disagree that this -- what's happening with the market has anything to do with the economy. it continues to be the fact that interest rates are benign, the fed is out of the picture, and you have liquidity and momentum really battling valuation. and what i still see as earnings picture not benchmarks against expectations but actually hard earnings, that i think are still going to be challenged in the balance of the year. >> that wasn't really sara's point, nor did she say the data in the economy had been outstanding, just that the last couple of weeks it has seemingly turned a corner again and been less bad than previously expected would you admit that that is the case, ha things have prolonged for more than you expected and therefore perhaps your thesis could be wrong >> well, i'm pretty sure that sara had said that the economy had been doing better. against expectations >> well, i mean, it has. the 10

you are on with citigroup, even us two deep research capabilities.ere are green bamboo shoots and china as well. that is not consensus right now, is it? ebrahim: i think it is going to be. if we look around markets as being increasing signs that optimism about china is clearly taking off, it has been a little quiet with commodities of late, but in the last two weeks, as we started to see march data bouncing back, i think there is clearly optimism coming back when it comes to china. this will be another week when that will be evident in the data. francine: thank you so much. -- abrahamaa ray rabaa ray -- bloomberg sits down with president putin as well as the president of norway. iceland, atand, and the arctic forum in seen bridget berg -- in st. petersburg. this is bloomberg. ♪ this is "bloomberg surveillance." the u.k. has cracked down on facebook and other social media. government is proposing a new industry funded watchdog. the regulator would enforce rules on removing online content that encourages terrorism and child abuse. companies could face

yesterday stocks dipped after xed earnings from citigroup and others. the head of the chicago fed telling cnbc he's comfortable with interest rates staying right where they are until well into next year. today's watch list, reports on industrial production,ings from johnson & johnson and netflix. walmart is teaming up with kidbox to offer an exclusive today you can get access to 120 premium kids brands. it will include five items for 48 bucks, 50% off the retail price. you just have to create a short style quiz to walmart.com. it will send the box based on preferences, the season, and where you live. it is the latest partnership as it tries to make itself a fashion destination. americans will be spending and shopping ahead of easter. national retail federation estimates people spend an average of $151 or a total of $18 billion. candy of course will be the best seller. 87% will buy candy and chocolate. $2.4 billion worth. that's more than what people spend on halloween candy. food, clothing and gifts all big sellers. marcus and laura, back to you. >> mor

let's start with citigroup and goldman sachs. citi will have a hard type topping jpmorgan it could be more like wells fargo, which was a tab subdued only closed down about $1.25 i doubt sit tee will be as bad, but the stock is running up too much at this point don't get too excited. people want revenue growth, not endless buy backs. goldman stricker, the ceo made his mark, and i like his mark, but it will be out for these guys with the huge corruption case in malaysia as far as i'm concerned, this turned on whether goldman's compliance team knows what they're doing. i think they're the best in the business, but you can't always stop every potential crook who works for you. if the stock pulls back, i would be a buyer >>> next up, the worst active stock in the entire universe, united health. unh. we had them on the show once reports on tuesday morning a dozen points in just today's session. a dozen points money managers have collectively given up on the health insurance space because so many candidates running for president are cam

declining revenue also at citigroup but that lender boosted the bottom line by cost cutting. we have a closely watched metric, net interest margin. that came in slightly higher at 2.75%. >>> now, while the financial sector is the focus of earnings this week, there are six dow components and 49 members of the s&p 500 that are going to report this week that you need to watch, and among them, bank of america. we've also got johnson & johnson, ibm, netflix, pepsi, morgan stanley, amex, honeywell and travelers. which one or ones, could just be one, should you be buying before it releases its earnings? we go to our traders on the floor show. scott, what do you think? is there a name or two where you say scoop it up now? >> it depends on the time frame. if you are an investor or trader. my traders rarely buy something right before it's going to report earnings because you never know. what i do is buy options. i was bullish on goldman sachs going in, i bought options and it's down six, seven, i lose my premium, it's okay, i move on. i'm watching netflix. netflix is very important tom

citigroup raised its price target calling tencent its new topic. -- top pick.al. investors may be wondering if the rebound rounded up the worst week despite recovery we saw in chinese exports. >> let's now get a look at futures trading. we are seeing u.s. futures looking like this. they are at the moment gaining a little bit of ground. s&p futures down a bit under pressure while taiex futures on the taiwan stock exchange are up 0.7%. more positive data out there with chinese exports rising. financing rises. a more optimistic mood about the global economy. when it comes to the taiwan of weeklyange, a run gains, the longest since january 2018. that seems to continue at least for today when you take a look at futures. we are seeing the offshore yuan at 670 at the moment. that is it for daybreak: asia. this is bloomberg. ♪ not :00 a.m. and shanghai, beijing and singapore. welcome to bloomberg markets open, china. i am tom mackenzie. yvonne: i am yvonne man. >> i am david in glass. markets are in mostly positive moods. concerns being eased over global growth. >> ste

more earnings from the likes of citigroup and goldman sachs. lyft is pulling several bikes from its bike share programs new york city, d.c. riders expected a strrpstronger expected braking force on the front wheel. and on this tax day, take advantage of tpraofreebies and as you complete and file your taxes. boston has a meal for $10.40. macy's is offering 40% off shoes when you buy two or more pairs. office max is offering up to five pounds of free paper and document shredding from today through april 27th. back over to you. >>> i could use that. >> i know. >> it sounds like i'm getting rid of evidence. >> who doesn't need free paper. >> all that and work up a hunger and go to boston market. >> there you go. eat some cornbread. >> coming up on "today in the bay", rain coming to the bay area. kari has been tracking it for us. >> that is moving in this afternoon. at least we can get in the door this morning without any of those issues. a live look at walnut creek. starting out with a nice, dry commute. temperatures in the lower 50s. upper 50s as