for nightly business report, i'm kayla touche. >> here to talk more about citi and the week ahead is fred cannon. director of research and chief equity strategist. nice to have you with us. let me start by saying it seems so strange that city can deliver good news for the banking sector on the same day that it settles a huge settlement with the justice department. does city finally have its act together? >> good news in a relative sense. remember a couple things that were mentioned. the settlement had already been signaled. the $7 billion was much bigger than would have been expected a month ago. and wiped out the quarter's earnings. secondly, the expectations for the quarter have been quite diminished going, in and they got over a low hurdle, that's a good thing. city has a lot to prove, though, as was mentioned, litigation issues aren't over yet, this is a big hurdle of the mortgage issues. we have the fx issue, the lybor issue. the idea that some settlement is getting litigation behind these big banks is optimistic. >> let's spin forward to a couple other banks. jpmorg jpmorgan, i

i'm sure we'll be back in touch with you over the next if, hours and days. that will do it, kaylation of "power lunch." and it's been great being with you on this very busy news day. >> yes. >> "street signs" begins after this break. i make a lot of purchases for my business. and i get a lot in return with ink plus from chase. like 50,000 bonus points when i spent $5,000 in the first 3 months after i opened my account. and i earn 5 times the rewards on internet, phone services and at office supply stores. with ink plus i can choose how to redeem my points. travel, gift cards, even cash back. and my rewards points won't expire. so you can make owning a business even more rewarding. ink from chase. so you can. thank ythank you for defendiyour sacrifice. and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insurance can be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. but what if

touch other people. i grew you, i was a toucher. >> kayla is moving. are touchers, there are those that create the proper distance. i think the handshake is a good thing. it shows we are animals after all. >> there are new studies that say the longest, furthest handshakes were the germiest. >> it's interesting, i think something is said to be about our society in this very question. nowadays, if i gave you too firm a hand shaky, you might take -- >> do you still do business by handshake? >> many medeival times you shook hands to make sure your friend didn't have a weapon. we should keep that in place. eb else should shake hands, i mean it's silly. >> water silly? the handshake is silly? in there no, the handshake is silly. the fist bump is. >> that's like such a bad fist pump. it's very uncomfortable. i don't know what that is. >> it's a horrible state of affairs. look, it's summer, i hope this thing kind of fades off into the sun set and we keep shaking hands. >> we should go euro, maybe do the three-sided. >> three-sided kits? >> it's good to be on t