Murderer himself. And new details emerge focusing on the gunmans wife and how much she actually knew. Forces tell fox news she could soon be charged as an akoim police. President obama walked up to the peed yum and used the occasion to reinstate the ban on assault weapons. The Hillary Clinton mimicking the tactics straight from her opponent, donald trump counter punching his attacks line by line in a speech in pittsburgh. Weve got it covered by crews in fla na, our political. What does bernie think, should the United States reinste the ban on the terrorists weapon of choice. Hes here on a first on bob interview. Were less than a half hour to the closing bill. The countdown next. Okay. And weve just hit yet another new session low. Were down 137 points. Huge flashing warning signal signs for global markets. At this hour, the Federal Reserve is now two hours into the two day june meeting and right now, fed funds futures pits, where theyve bet on the probability of a rate hike. Theyre ind
In a german newspaper interview. Durables just ahead of estimates and still looking for definitive headlines out of opec. Inventories at 10 30. Yellen back on the hill answering lawmakers questions about the banks, what shes expected to say about the troubled sector. And speaking of banks, wells fargo ceo john stumpf is forfeiting 41 million ahead of his next appearance on capitol hill tomorrow. And what should you expect as an investor . Shares of nike falling in the premarket on yesterdays earnings numbers. Whats dragging that dow component down . But first, a lot of news involving the banks today. Wells fargos john stumpf to forfeit 41 million in equity awards while the companys board investigates the banks sales practices. Deutsches john crion saying the bank did not need increase or capital interest. About an hour from now fed chair yellen will testify on Bank Supervision and regulation before a house panel on capitol hill. Of course when she starts making headlines, well try to t
Unsolicited stakeover bid led by anbang insurance group. Well give you the latest. United airlines ceo back to work today but the activists are not cutting him slack. Whats ahead for munoz and the airline at large. Starwood is up sharply in premarket trading. They received a takeover proposal from chinas anbang insurance. Its worth about 75 a share in cash. The board of starwood says it is not changing its recommendation at this point and supports the companys planned merger with marriott, but they have a waiver from marriott that will allow them to negotiate until thursday. People familiar with the situation indicate the hope is they can hammer out a definitive agreement with anbang insurance, which has chris flowers, former investment banker people may have known. And primivera, not an old Italian Restaurant on the west side, but a large private equity firm in china. Some of these names may be unfamiliar, but the 76 a share all cash offer and that 5. 50 is a significant premium over
Our road map begins with a trio of deals in biotech, personal care and food. Hp ink and hewlettpackard enterprise began trading as separate companies today. We will speak with meg whitman a bit later on in the show. And visa shares lower after reporting a mixed quarter, a buy back and a purchase of visa europe. A lot for investors to digest. A lot of deals in the spotlight, including Treehouse Foods agreeing to buy conagras private brands business. Results from likes of a facebook, tesla, Media Players like disney, cvs, fox. The nasdaq the biggest gainer. The question now, jim, whether october has had not good but great gains, almost every year this decade. Is it going to rob some of novembers seasonal strength . I dont know. I think earnings season is still on. I listen to what youre saying. Lets mention treehouse. Treehouse is a very good company. Theyre going to be able to take that private label nonsense from conagra and turn it into lemonade. Treehouse is the best at this private
As we used to say. Maybe we still do. We do. Of course we do. You can see there the dax in particular up 1. 69 off of not a bad overall year as we look at yearly returns. How is the tenyear note yield doing you ask . There it is. 2. 25. And of course crude and natural gas crude in particular, so important in the movement of the market, down yesterday. Market down. Up today, well see whether the broader equity market follows through. We have the latest s p caseshiller home price report. That was released just a moment ago. The results being shown, you can see them at the bottom of the screen. It looks like a decent october. 5. 2 annual increase based on what they saw in october. 2015. Verses a 4. 9 increase in september of 2015. San francisco, denver and portland continue to have the hottest housing markets in the country, at least at this point. Not a great year for housing stocks. Home builder stocks had a lackluster year when you look at the performance thus far. The open question fo