PHILLIPS: On Wall Street, earnings season is starting to kick into high gear, and it's when corporate America tells us all how they're doing. Today, one of the nation's biggest banks is reporting. Alison Kosik at the New York Stock Exchange. So, what do you think? Good or bad news, Alison?</s>ALISON KOSIK, CNN BUSINESS CORRESPONDENT: Kyra, for once I've got some good news for you today. First, Dow futures were down 75 points this morning. Then, Citigroup reported a third quarter profit of $2.2 billion, and that's better than Wall Street had been expecting. It also marks Citi's third straight quarterly profit after the huge losses during the financial crisis. So then, stock futures quickly moved off their lows, and Citi's shares are -- were up about two percent. Citigroup's earnings follows strong results last week from JP Morgan Chase, and we watch big banks closely, because access to credit and money is exactly what keeps this economy moving. After the closing bell, we're going to hear from some heavyweights, Apple and IBM. Their results should tell us if everyday business and every Americans still have an appetite for technology. In the meantime, Citi's results and $6 billion in merger activity should help the sentiment today on Wall Street. As for the broader market, we are in positive territory. The Dow is up about two, and the NASDAQ higher, about two as well -- Kyra.</s>PHILLIPS: All right. Alison, thanks so much. Straight ahead, assessing the damage after the world's strongest storm makes landfall this morning. We're going to tell you where the typhoon struck and what it's leaving behind.
Citigroup Reports Third Quarter Profits