u.s. bancorp? you're not looking at the nonperforming asset growth in the 40s which you saw with wells fargo. bank of america, u.s. bancorp, nonperforming asset growth, it's in the teens, 15% to 20%. right then and there, yes. the model may suggest wells fargo is a stock you want to go over the long term but looking near term i think bank of america and u.s. bancorp, names like that, have less struggles in front of them with these nonperforming assets. >> right. but the important thing was they're two different animals. wells fargo, bank of america, two different animals. three weeks ago if wells fargo stated anything like this the whole sector would have come in. that was the important part that it didn't kill the whole sector. early in the day they threw out the loser. they bought the winner. >> moving on, yahoo the internet giant closing the day higher after getting off to a rocky start. the move up came after posting by "the wall street journal" columnist saying sources i have spoke to over the

u.s. bancorp, suntrust. karen, do you like joe's idea to go long to capital markets, go short the regional banks? >> i do, i do, because that commercial -- both commercial loans and commercial real estate, both of which the regionals like a bb&t have, you look at it today. the shopping mall reit, bad numbers, the stock was down 15%. what does that tell you?u? who lends to them? i don't know -- >> these are cumbersome transactions. a commercial transaction is not as easy to modify as a quick retail-type transaction. keep it in mind. this is going to be a big shift and is probably going to move lower and will be a lot more difficult to turn around in my opinion. >> within that space, fifth thirds and regions, i don't want to lump them in because their balance sheet has less of that exposure. >> quickly, karen, you recently took off your short on commercial real estate. >> yeah, go ahead. >> if you're a believer -- excuse me, regional banks are in danger because of their exposure to commercial real estate, when

u.s. bancorp. and after the bell, we'll get results from ebay, qualcomm and e-trade. president obama will hold a conference this evening. the bulk of the remarks are expected to focus on health care reform. the approximated spending a lot of capital to try to get a bill passed this summer. that's your global stock watch. >>> coming up on "worldwide exchange," the chinese have expansion plans. >>> plus, the bank of england believes its quantitative easing policies are working. we'll get insight after this with minutes from last month's policy meeting. $$$$$$$$$ >>> i'm sri jegarajah. in asia, companies may now tap into the government's reserve for overseas acquisitions. >>> i'm ross westgate. in europe, markets in their earnings streak. >>> i'm bertha coombs. in the u.s., no halo effect from apple's rosy results and forecasts for the market. futures are pointing lower. >>> we just got minutes out from the bank of england's last meeting. they showed key issues were whether an immediate change was required. but there had not been enough evidence to justify this a

u.s. bancorp. good number today.hile the western union results in mexico this quarter were dismal and mexico is in a severe recession, one more reason people come north, i think it will be more than balanced out by western union's recent, very big expansion in china. the world's second largest remittance receive market. right now the asia pacific region accounts for 20% of global remittance and represents only 8% of western union's revenue. i don't think for long though. as the company saw 19% transaction growth in this region in the past quarter alone. we know that the chinese economy will be the engine of global recovery. so does western union. i'm telling you, this company is really well run. here's the bottom line. when you hear nancy pelosi or president obama talk about immigration reform, don't think political. think buy western union. the uncontested king of the remittance market that's also a terrific play on a global economic rebound. harvey in oregon? harvey? boo-ya, harv. >> caller: boo-ya. >> what's up, c

u.s. bancorp, good number today for them.hile the western union's results in mexico this quarter were dismal and mexico is in a severe, severe recession, i think it will be more than balanced out by western union's recent very big expansion in china. the world's second largest remittance received market. right now the asian-pacific region accounts for 8% of western union's revenue. i don't think for long, though, as the company saw 19% transaction growth in this region in the past quarter alone. we know that chinese communists are the engine of the floebl recovery, and so does western union as it tries to take share in china by implementing a localized focus. this company is really well-run. here's the bottom line. when you hear pelosi or president obama talk about immigration reform, don't think political. think buy western union. the uncontested king of the remittance market that's also a terrific play on a global economic rebound. harvey in oregon. harvey. boo-y boo-yah. >> caller: boo-yah. boo-yah to you, jim. >> i'm liki

u.s. bancorp all released earnings. here with a trade ahead of the report is the managing director the nicholas. chris, always great to have you with us. >> it's good to be here, melissa. we've gotten a lot of data points. i want to figure out how bad this problem is and how far we are into it. the u.s. banking sector could see an increased commercial real estate loan losses of $250 billion. how much have banks grappled that 250 billion figure, if that is accurate? >> we haven't tallied the number yet because we're going through second-quarter earnings right now. clearly, we're in the early stages of the commercial real estate debacle and we're starting to see signs of issues on the retail strip mall, if you will and income producing property which is have to date actually shown some loan losses. prior to that the losses that we're seeing on the construction real estate portfolio for residential housing. so we're still in the early stages. i'd say we're looking at $250 billion in losses and we're not through a quarter o

u.s. bancorp, wells fargo, eli lilly, illinois tool bank of new york mellon. boeing expected to post a increase in profit year over year to $1721. revenue seen rising. as for pfizer, it's expected to earn 47 krentsd a share rove knew of $11.3 billion. how are they often performing during this earnings season? >> i'll tell but lily real fast. this company coming out westernings better than expected. it's now talking about a range of $4.14 to $4.are 25. on earnings per share, leigh at the gas -- >> well, the street is already at the high end of that range for the year at 423. so they're looking at 414 to 424. other than that, we see something coming in -- >> $1.12 is 10 cents a ahead. 4.23 is the estimate for the year and they're talking about, as you say, 420 to 430. >> they say they raised their guidance because they received several important regulatory approvals. note:bly, iffian in the united states. they're talking about how they condition projects. >> these are earnings that they think will help their earnings per share. >> they are raising guidance to wh

u.s. bancorp is trading to 12 cents a share. stock is up 2%.innesota bank is setting aside $1.4 billion for the credit losses for chargeoffs linked to falling home price, commercial real estate as well as consumer loans. home trust was less than expected. stock down slightly. it says recession related costs continue to hurt its business, offsetting the deposit growth it saw during the quarter. commenting on t.a.r.p., he wants to repay it but it's mathematically not possible right now. it's expensive and inefficient. he would like to repay it as soon as possible. at bank of new york mellon, second quarter profits fell. credit losses continue to mount because of weakness in the housing market. stock, as you can see, off 6 1/2%, excluding items that concerned 67 cents a share, 5 cents ahead of estimates. >> thank you, mary. >>> yahoo! beating the street but the forecast for the third quarter falling short of expectations. the nation's second largest internet search engine to google trading down right now. about a percent lower. joining us to go in