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:
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JPMorgan profit tops estimates
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Citigroup earnings and revenue top estimates
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Facebook COO Sheryl Sandberg met with House Intelligence Cmte.
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Massive wildfires continue in California
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Bitcoin hits new highs
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AT&T falls after warning investors that natural disasters cut into profit
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CarGurus debuts on the Nasdaq today
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Amazon to hire over 120,000 people for the holiday season
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Alphabet demands $1B from Uber in settlement: Reuters
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Pres Trump to ease Obamacare rules
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China wants a 1% stake in Tencent, Weibo & a unit of Alibaba
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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