Comes on the heels of a disappointing quarter that saw the firm notch its worst ever results in the commodities business they say this is kbws note today we have more questions than answers about the franchises health at this point in time. Should we . Well. You take one quarter two quarters of bad trading yeah, we can ask the question. I think the question is a little bit bigger than one or two quarters this is a firm that over decades has had a little bit of a tugofwar going between Investment Banking on one hand and trading on the other hand. Youve had a guy at the helm for ten years thats a trader extraordinaire in years past youve had Investment Bankers like hank paulson running the firm i think the question is where are the Investment Bankers picking up slack from the trading which in the last two quarters hasnt done so well is it time to rethink owning this stock it is time to rethink it but when you rethink it youll come out its 1. 2 times book value. It can get a little bit ch
, sitting on their hands ahead of the announcement from the fomc in just under three hours time. Here is what is happening across your markets. Declines in belgium, spain, portugal, and sweden. The dollar off record highs. You look at the bloomberg dollar. Up against the dollar today. Those are the Government Bond yields. Down today. Go is a wonderful function. A lot of corporate stories to tell you about, shares up i40 percent today. By 40 today. Preparing to split its medium marked away from the cash and res up by 4 ood sto today. The big story we were talking about today, sending shares of actually on by 4 today. The lower. Shares earlier sinking a bit lower but still 10 lower over the day. J j abandoning talks for the 21 billion swiss drugmaker because the two sides couldnt agree on terms. I want to focus on some data out of the u. K. Today. Employment data, fascinating data, employment falling for the first time in a year. The labor markets showing some signs of weakening as the n
75. 62. 5 basis points is where we are in terms of rates right now. You can see where we are in the markets, which did sell off after Janet Yellens decision or the fed decision and the european markets, up across the board. I always do like to see spain and italy, thank you very much, control room, for throwing those in there. Tenyear note yield the key here. We eclipsed 2. 5 yesterday after the fed meeting. Where do we stand now . 2. 587. Crude oil is down on the morning over almost 2 . Our road map this morning starts with the step back in the rally. Stocks slipping after the fed raised rates for the first time this year. Plus more on trumps meeting with big tech, the fallout and the upsides from mega caps in silicon valley. And yahoo discloses a new data breach affecting 1 billion accounts does it put their deal with verizon in jeopardy. Lets start with the fed raising Interest Rates by 25 basis points. First time this year, second time since the financial crisis. They also signaled
Session. Breathing room for Credit Suisse. The lender ceo says he is looking at other ways to raise capital. Him. Going to hear from we are less than half an hour away from the start of cash trading here in europe. It will be an interesting session as equity markets turned around yesterday in the u. S. After a couple days malaise due to the health care failure. Asian markets overnight turned around and european futures gaining. Green. The ftse futures up 4 10 of a percent. Take a look at the bund trade. Littleelds trading a higher. Investors getting out of the safety of german bonds. Right now yielding 0. 9 . Guy lets talk about the gmm. Majors comes to fx, the we will see what happens in europe. A couple things to say. The South African rand move down by 2 . Have relating rerating coming up in april. Big holders of South African debt. A bit of a lead in what happened in london this morning. Back ands are bouncing that could feed into what we are seeing in the london market. We talk ab
Been taken off him. Donald trump hit the campaign trail in florida. After lashing out at House Speaker paul ryan and senator john mccain. Trump isnt holding back. Speaking at a rally in ocala, florida. The real estate mogul takes jabs at not only his democratic opponent but calls on his own partys leaders to do more to support him. Trump says by the way, let Hillary Clinton stand up here for an hour and talk the way i talk and lets see how long she lasts folks slumps down, falls down . What a joke, what a total joke, in such trouble, thats why its just so ridiculous. Many of the people protesting Hillary Clintons arrival downtown tonight are trump supporters. Fox5s Abby Theodros continues our Team Coverage that was years ago and a lot of men make those comments. It was a private thing and its not like he got on the stage and said that parents and Staff High School are talking about a video of a violent incident involving a student and adult this morning. Fox5s adam herbets talked to th