comerica was the first real regional bank to report. we were looking for loan growth, and they didn't report it. 2012 they had 8%, so far 3% in 2013. that's the key fact that affected all of the regional banks. comerica down about 2%. the beverage makers, coke disappointed on volume. down right across the board in all regions of the world, including north america where they posted a very rare decline in volumes. the issues, well, there were several issues. they blamed it primarily on the weather. a couple of other factors, foreign exchange, weak consumer spending and a lot of people have speculated that concerns over potential health issues may have weighed on that. look at their beverage volumes. it's interesting to note that still beverages up 6% -- things like water. sparkling beverages were flat. obviously, maria, growth in the still area. i think the sparkling is the one that's flat now. back to you. >> all right. interesting. the sparkling is flat and the flat is doing better. bob, thank you very much. stay right there. we're goin

that good for a few points on the downside, the big of the hawk on the fund and number two, comerica the first big regional bank to report, the first regional, and they had very weak loan growth and lowered their loan growth expectations. that's one of the reasons people have been buying the banks so all the regional bakes are weaker. i think it might be tougher for the banks to move forward after a few good earnings reports. >> mr. bernanke nervous ahead of the meeting tomorrow? >> i don't think he's nervous at all because he clarified what he's looking to do and farther reaching in september or at the end of the year with the tapering it's his legacy. tomorrow prepared remarks at 8:30 and we'll hear from him 10:00 live and unscripted what. he's looking to do here is all the hard work he's been put in getting us up to 1673 a day, he doesn't want tonight buyer. he wants to make sure that this market transitions over. >> has the market demonstrate that had it can handle it? it sure seems like it with the recent run. >> today is just a breather. need a little breather. volume low so we

comerica, didn't have the loan growth. and koecoke in the beverage are.or groups with some pressure. on comerica, we'll hear from u.s. bancorp tomorrow. we'll hear from pnc. so we'll figure out very quickly whether loan growth is in line or anemic amongst the regional banks. big banks have been doing better. >> as i said to our analysts at the top of the hour here, what do they want to hear from bernanke? what can he possibly say that will be different this time around? >> the only thing anybody really wants to care about, if you want to be bottom line, keep the 10-year below 2.6%. above that, people start freaking out. he has to be able to acknowledge the fact that job growth may be a little bit stronger, but the economy's also not so great right now. >> yeah. still needs the safety net at this point. thanks, bob. talk to you later. maria in. >> bill, thank you. >>> new securities and exchange commission chairman mary skbro white, also a former federal prosecutor, got appointed to the role of s.e.c. chairman back in april, has already served notice to fi

comerica is the first regional bank that appointed. goldman was the first one and you're buying because of lower interest rates and loan growth. estimates they did 8% loan growth and so far they are doing 2%, and they said this would continue through 2013. that's a problem and why we see some put up the regional banks. that's why we see all the big regional banks moving to the downside and, again, this is the first one that's report so far this quarter and you see them down 2% to 3%. final comment on the coke thing. we've had some fun today on coke blaming their volume problems entirely on the weather, but you can see the soft drinks are all down here, and while pepsi may be getting a little bit more on coke, it's not doing that much better. theish us a for coke are not that much better. we earring seeing that. up 6% and only up on the sparkling numbers, and i think that's a good indication that health issues a playing a part here. back to you. >> great minds thing a lot, bob because you've got the perfect setup on the next segment whi

a comerica bank at 12 and broadway, one window was damaged. that window easily could have come down on someone. this is the front door, it opens up in two hours from now. with the employees and customers show up these are the door is a walk through. the damage to not go all the way through. this is the only location to show you this morning. on 14th and 15th on broadway, a couple of stores were vandalized. a store here caters to oakland pride. everything inside is says oakland good, oakland is, oakland that. just down the road, there is a begin building where you can see graffiti on it as well. the video across the street shows the men's wear house, to huge windows shattered by the vandals that made their way through. this is a small group of people. most of the protesters at through the three days were peaceful. sure enough, there were a few that broke serve and created the damage. >> i think people are just really trying to get their point across as show how angry they are. over the outcome of the court decision. i don't know. i feel like ev

comerica bank was hit after a protesters against the george zimmerman verdict in florida started to turn violent. he was acquitted, of course, in the shooting death of teenager trayvon martin. nine people arrested in oakland. six of them not even from oakland after demonstrators began peacefully, then as it happens, at night fall, some broke windows, spray painted and set small fires in dumpsters around the city. one oakland developer who ate at flora before the attack believes that oakland's consent degree has impacted the effectiveness of the police department. i also spoke with a spa owner who is upset. she says she is losing business. >> i just don't understand why they attack oakland. i don't get it. and half of the people i'm aware of don't even live here, you know? so i mean, it's teary eyeing. it really is. when you walk down the street and you see boards on every block and people are afraid to come here, you know, it gets emotional. it does. >> the rights of the anarchists are given really kind of a higher view and protection than the local resident or business owner and that's

>> you concede the high meet at this comerica bank that someone threw something at these two windows. i can tell you that police officers came by at 5:00 a.m. just to make sure that it was strong enough to keep people out of the bank until they opened at 9:00 a.m.. this is not the only place, here is video that was shot just down the road. this is at fault and broadway. , 49 broadway. everything here is showing oakland pride. there is a vacant building that was spray-painted. then across the street at men's wear house. after the verdict, this was at last night as well. you get an idea as to what happened in downtown oakland. these businesses were not hit on saturday and sunday but that were hit on monday night. >> here is video that started relatively slow at city hall. only a handful of people showed up but that quickly gained momentum. that went to downtown oakland and even gone the 880 freeway. they were arrested stumblebum and then the protesters marched back. it became really out of hand were apparent one person fired a fireworks at a police officer and that is when they declared

. >> well, one quarter yesterday that was not good, comerica, and we extrapolate comerica to the regional banks? >> yes. >> because the loan growths reduced dramatically, and i have to tell you that i listened to the bank of america, and they had preferred and high cost debt coming down dramatically, and this is the kind of quarter that i did not expect from bank of america. a lot of the people were saying, jim, be careful, because when the bank of reports, you will have a group sell off, but they gave you no reason to do so. >> interesting, because that feeds into what the treasury secretary said a few moments ago where you are and what the financial reform has done for banking and the country. >> butting out tputting out thet enough. we had to strengthen the financial position, and monetize the regulatory framework and we had to make sure that the taxpayers would never again be on the hook in a financial company failed. >> well, he basically said that those who were afraid of additional reforms and regs are the same kinds of people that were afraid of what the creation of the s.e.c. wou

go to a tiger game at comerica park. downtown, you see a lot of great creative people moving in. there can be hope there. they've got a very, very difficult issue they have to work through. i think they understand it is their challenge to work through. that doesn't mean that we, along with governor snyder, can't be partners this helping them revitalize and come back and be the great american city that they've always been. >> it seems like given what happened in detroit, given the fact we have this unemployment, less than 2% growth now in the economy but kpexpectations wille a 2% grower, it is difficult for the federal reserve to walk away and start this tapering. what is your sense in terms of qe? has it worked? >> you know, i have a lot of thoughts on that. you might remember, maria, that one of the things you do at the white house is respect the independence of the fed. while that's a good question and i have my thoughts i will keep them to myself and respect the fed's independence. >> do you know janet yellin? do you

windows were broken at comerica bank. i walked by the men's warehouse. it's already boarded up.y painted buildings at flora restaurant, a scary scene as the windows shattered. >> one of the windows smashed through. there was literally someone sitting in front of it. it's safety glass, so it just dropped down. but, i mean, it's terrifying. >> no, this is oakland. this is what oakland is about. it's really important for people to get out and protest. >> reporter: now, oakland police called in help from at least nine outside agencies to get a handle on things, and again, nine people arrested. police say that they're okay. the protesters say one of their own was hit by a police projectile. also wanted to mention oakland police are asking if anyone has video of any of the vandalism incidents to please give them a call, because they're trying to make more arrests. reporting live in oakland, christie smith, "today in the bay." >>> widespread protests but also in l.a. up to 150 people caused chaos on city streets overnight there to protest the zimmerman verdict. police say vandals broke

it through something at this comerica bank.t break the window but to get the point as to what they did. they were marching out downtown oakland and here is that never window that they did get a crack. here is video of the chp. earlier in the evening ever able to get on a 80 and is forced the police department to go on the freeway and they made one arrest. as you can tell, the shock allow motorists. then, they came off the freeway and they continue to protest and vandalized. keep in mind that this is just a small group of people. most of them, are peaceful but a little bit later they try to go back on the freeway but this time the chp blocked them from getting on there. how do we know that this was a lot worse. on saturday and sunday the oakland police department handle it by themselves but they knew monday night that there were overran by the number protesters. they call that other police departments to help them. any of these departments that could spare any police officers or helpful. i talked to the watch commander and even

night - at another rally to protest the >> naso look the on monday night on top and broadway at comerica bank. he concede the bangles hit this place shattered windows and the main interest it was so bad that a 45 and morning at 845 a branch manager came out and posted a sign. sorry for the inconvenience will be closed until further nara's. notice. they replaced windows and said that it wasn't safe enough for customers to go inside. you can see in oakland pride store. it talks about how great oakland areas but it did not spare it from the vandalism. across the street is the man's warehouse. it was also vandalize it was inspired last night either. two huge windows need to be replaced. kron4 new spirit clean-up efforts are under way today in downtown oakland after a third night of demonstrations against the acquittal of george zimmerman in the trayvon martin shooting case left windows smashed and the streets littered with debris. police said nine people were arrested in connection with monday's protest, and a local businessman said one of the protesters assaulted a waiter. >> catherine: tie

goldman with the great number, but the first regional bank comerica reporting and little problem here? well, simple, two ideas, the rates are going higher and the problem is that the rates have stabilize and the long-term rates have stabilize recently, and second, the perception out there that somehow long term rates matter for the banks and most of the loans are based on libor which is the fed rates and they have not gone up much, and the second problem is that people were buying the loan growth, but it has been anemic and that is why i want to get to comerica who came out with the earnings on the surface looking good and beat here, but they have a problem. low lower loan growth estimates, and they are lowering the numbers, and from 8% to 3%, and that is a problem. we have to put up the stocks of the regional banks today, and you can see that they are all down on that particular loan growth decline that we are seeing here, and we need better loan growth in the second half of the year, and the banks are pricing it in, and we are not seeing it so far and the other issue when we change

comerica, loans based off of libor. they won't be dependant on rises in treasury.ds rate which isn't moving and just because the yield curve is steepening, the companies that have the loans based on libor, they won't necessarily make more money. the libor rates aren't necessarily going to go up. it's an important distinction here with some of the banks. back to you. >> a lot of questions about what's going to happen as they take that important rate over. thank you, bob. >> thank you, bob. >> meantime, the senate agriculture committee holding a hearing to examine smithfield food's chinese meat pros zor chinese international. the hearing is aimed at determining whether the sale poses a risk to the u.s. review standards and whether the review process for those buying american companies needs to be are considered. joining us for a first on cnbc interview, senator debbie staben stabenow, chairman of the agriculture committee. >> good morning. >> what are your concerns, do they revolve around food safety and the import of food from the china to the u.s.? >> there are a n