Markets Weak After Banks Flop

U.S markets are looking at a weaker opening on Wall Street, following a fourth straight day of losses Wednesday.

Futures are lower this morning following negative earnings reports from banking giants Citigroup and Bank of America, while volatility in the markets continued to rise for a second straight day. Some positive news, however, is giving a boost to oil markets. Crude prices are up this morning after OPEC announced slightly higher forecasts for global oil demand.

General Motors broke sales records last year, selling nearly 10 million vehicles worldwide. The company faced historic recalls of more than 30 million vehicles for ignition defects linked to multiple deaths, and legal compensation linked to those recalls topped $2 billion. Despite the setbacks, GM's sales increase thrust the company into the top 3 of all manufacturers for the year - trailing just Toyota and Volkswagen.

Southwest Airlines is looking to soar back into its customers good graces. The airline posted strong on-time arrival rates (above 80%) for the third consecutive month, topping the industry average. Southwest's performance had plunged in 2013 and remained weak for much of last year. The turnaround has the company ranked fifth for on-time arrival in the past month.

And Chipotle is pulling the plug on pork - for now! About a third of Chipotle locations will no longer serve the carnitas variation of its famous burritos and bowls, after suspending relations with a key supplier for violating company standards. The company is seeking to remedy the shortage.