follows from lloyds banking group beating on the domestic business as well yesterday. >>> look at shares of starbucks. they're slipping this morning. for the second quarter in a row, same-store sales failed to meet wall street estimates. in the conference call the ceo remained optimistic about the rest of the year saying strong performance in china and new products like the sweet and sour unicorn frappuccino will help the chain grow revenue growth in the second half of the year. even in the earnings release, they said march and april looked stronger in the u.s. on that note, kevin johnson and howard schultz will join squawk on the street at 9:30 a.m. eastern. >>> to follow up on barclays, on the call jes staley said on trading he's disappointed in how we did in u.s. rates, but said it's a trading issue, not a volume issue. it's not market share but a one-quarter issue. barclays shares down 4.5%. >>> third point wants honeywell to spin off its aerospace division saying the move would create more than $20 billion in shareholder value. the stock jumped 4%. >>> news out of

lloyds banking group's first quarter underlying profit before tax topping analyst estimates, coming in at 2.1 billion pounds versus 1.9 billion expected. the pound said it was on track to deliver financial targets for 2017. >>> astrazeneca's core earnings rose by 4% in the first quarter. revenue fell 12% dragged down by falling drug staales. they confirmed their full-year outlook as well. >>> we need to take a tiny break. check out world markets live, it's our blog. it runs throughout the trading day. lots of stuff on. there we're also on twitter live, @louisabojesen. tomorrow is a special show. lots of amazing guests. tune in then as well. >>> hello. welcome to "street signs." i'm louisa bojesen. these are your headlines. >>> deutsche bank shares fall of germany's biggest lender misses the first quarter revenue. the ceo says the bank is seeing improvement from last year. >> revenue is slightly up from the first quarter of last year. which i think is a good result. what is the most important point is in every business line that we have, we are seeing an improvement. >>> lufthansa share

this time a uk bank, lloyds, says its net profit increase in the first quarter of the year as the british economy continues to hold up post the brexit vote. the bank is also raising projected net interest margin which is a closely watched target. shares up 4%. >> the uk domestic retail bank that this is, it's not really an investment bank is performing better than people expected. another post-brexit surprise. rbs up off the back of it. also barclays reports tomorrow. barclays is more of an investment bank than retail bank. they will focus on barclays tomorrow and hear from jeff staley since he was caught up in the whistle-blower issue. we will listen in on the call tomorrow which is about the time of "worldwide exchange." >>> pay pal reporting upbeat quarterly results, an increase in payment processing volumes. >>> a few more stocks to watch. shares of weight watchers getting a bump after naming a new president and ceo. mindy grossman taking over in july. she's currently ceo of hsn. >>> samsung electronics posting a solid first quarter profit getting a boost by the memory chip business.

and cutting its stake in lloyds bank just under 2%. previously held 2.1 billion shares. a price is not disclosed for the sale but the government is putting the money raised towards reducing its national debt. >>> skill to come here on "worldwide exchange," marine le pen is calls the euro a knife in the heart of the french people. first, as we head to break, check out the trading picture overseas this morning. european trade pretty much flat after a first quarter and strong month for europe in q1. we're back in a few minutes. 35,000 fans a cutting edge game experience. or the network that keeps a leading hotel chain's guests connected at work, and at play. or the it platform that powers millions of ecards every day for one of the largest greeting card companies. businesses count on communication, and communication counts on centurylink. >>> welcome back. friday saw a third of a percent. this morning, wee expecting a slight bounceback. 18 points for the dow. about a tenth of 1%. it comes offer the back of very strong gains as a quarter as a whole. the dow gaining 5%. the n

joining us is robert lloyd. welcome, sir. >> hi, kelly, how are you? nice to talk to you again. >> good to speak with you. we wanted to see if you could give us a read on what's happened to the u.s. consumer. it was disappointing again last month. what do you think is going on here? >> i think in february, we saw a little blt of an impact of the irs delaying the start of the tax refunds. i think that carried over into the consumer. but we've seen that come back a little bit, particularly at gamestop in the month of march. we benefited at game stop as well by the longest of the nintendo switch, which changes the trajectory a little bit inside the console video gaming space as well. >> that's a great point. i've heard the switch is on track, just increasing the production numbers, like the way people want to come in and experiment with it. before we get to that, what you just said is interesting, that you saw some weakness in february, tax refunds were delayed. it's coming back. at least it came back in march. is all this going to turn out to have been a

that's actually building it and the vision for america is announcing a number of initiatives, rob, lloyd, our ceo, is going to speak to that we're very excited that comes out of our global competition. routes all over america that can solve all of the traffic and logistics problems that are causing so much friction and pain in people's lives in america. >> and we're showing an image right now of what the hyperloop likes like. this is a proof of concept here -- >> no, that's real. that's not a proof of concept. that is not computer graphics. that is real on the screen right now. >> i appreciate that that -- no, i appreciate that that is absolutely real. the question i was going to ask is in terms of rolling this out in a meaningful way, what kind of timeline could we be talking about and what are the true costs? because when you -- the technology itself, but then when you start talking about digging tunnels, if, in fact, that is the approach to take, it becomes very expensive very quickly. >> yeah, i think the most exciting part about hyperloop is we're at least two-thirds the cost of hig

lloyd, what's -- mrs. gary. would gary -- >> joe we should add one of the reasons we didn't see the likes of citi and jpmorgan perform better on friday is that this is a more cyclical part of the business, not structural. so, you do get quarter on quarter sort of outliers in trading. that is the nature of the beast. >> well, if you don't have -- you're not going to play with me? if you don't have the right guy making the trading decisions, maybe you don't do as well. >> yeah, i just want to -- this could be a cyclical thing. the bank of america quarterly earnings, the call just started. >> i'm just needling lloyd, to be honest with you. >> okay. >> i'm sure that would really, if he thought -- he thought gary cohn was actually the coo or whatever, president. the nba, we're going to talk that now. postseason getting under way this week. 16 teams competing for the championship. l.a. clippers owner, former microsoft ceo steve ballmer joins us. i was just checking out my probabilities. the clippers, they have 100% ch