Bank beats not enough to impress Wall Street
The markets are struggling to keep the record breaking streak going this morning. However, investors are focusing their attention on major Wall Street banks’ earnings. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer and Myles Udland discuss the big stories of the day.
Today’s topics:
JPMorgan profit tops estimates
Citigroup earnings and revenue top estimates
Facebook COO Sheryl Sandberg met with House Intelligence Cmte.
Massive wildfires continue in California
Bitcoin hits new highs
AT&T falls after warning investors that natural disasters cut into profit
CarGurus debuts on the Nasdaq today
Amazon to hire over 120,000 people for the holiday season
Alphabet demands $1B from Uber in settlement: Reuters
Pres Trump to ease Obamacare rules
China wants a 1% stake in Tencent, Weibo & a unit of Alibaba
Disney teams with other studios for Movies Anywhere expansion
TWITTER POLL:
Which health care plan do you think is better?
-Obamacare
-Trump’s plan
-Neither