Bloomberg Surveillance

Bloomberg Surveillance: Bank Earnings Kick Off

Jan 12, 2024

Gerard Cassidy and Ken Leon discuss bank earnings results, with JPMorgan reporting record NII and Citi disappointing. Norman Roule talks about the airstrikes in Yemen. Mohamed El-Erian shares his outlook on global markets. Michael Nathanson examines the sports streaming industry.

52:19

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Quick takeaways

The bank earnings releases had mixed results, with JPMorgan reporting record NII but disappointing results for Citi.

The launch of airstrikes against Houthi rebels in Yemen by the US and UK has escalated tensions in the Middle East.

Deep dives

Podcast Episode Summary

The podcast episode discusses the current state of the NFL and its dominance in the sports media landscape. The NFL has achieved high ratings and popularity, with its games being the most watched on TV. The rise of streaming platforms such as YouTube and Netflix has transformed the way people consume sports content, leading to a shift away from traditional linear TV. However, there are concerns about the fragmentation of content and the cost of streaming platforms. Additionally, ESPN, a major sports network, is exploring options for partnerships or minority investments to navigate the changing media landscape. Overall, the success and future of sports media depend on adapting to the new platform-driven model and meeting the evolving demands of fans.

Introduction

2min

Bank Earnings Reports and Digital Banking Battle

13min

Bank Earnings and Trading Activity Analysis

7min

Bank Earnings Preview and Crypto Sponsor

2min

Bank Earnings Report Highlights and Future Outlook

11min

British Prime Minister's Statement on Potential Strike by Houthi Rebels

4min

Concerns Over Escalation in the Middle East

17min

Discussion on the Best Buy in the Stock Market

2min

Gerard Cassidy, RBC Capital Markets Large Cap Bank Analyst, and Ken Leon, CFRA Director of Equity Research, break down Friday's 4Q bank earnings releases that included record NII for JPMorgan and disappointing results for Citi. Norman Roule, Center for Strategic & International Studies Senior Adviser, discusses the latest in the Middle East after the US and UK launched airstrikes against Houthi rebels in Yemen. Mohamed El-Erian, Bloomberg Opinion Columnist, overviews his outlook on global markets and says he expects consumer inflation to get stuck at 3%. Michael Nathanson, MoffettNathanson Sr. Research Analyst, discusses the latest in sports streaming after a strong year for NFL viewership.
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