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

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