smartest voices. , theck it off with spot on investor take on a big story. joining me in this video, founder of energy words. denver, us from colorado. think.ices think the saudi s ignore wednesday and said they are continuing a production cut agreement in the back half of the year. when you look at this, how significant was this? it was very significant. it follows a series of tweets that begin last april. president trump chased billion barrels out of the market from alongside. we saw last year hedge funds longng, which were taking positions in futures. he capped it. analogy analogy an which follows the 1987 flash crash. equities fell. what trump has done is put a cap on the price of oil and it .ushed it down it bounced back but it would be higher if trump had kept his mouth shut. at stirrings good action in the marketplace but the traders are getting wise to him as they are getting wise to trump s tweets everywhere else and they are ignoring them more as time goes on.
it will be interesting to see how morgan stanley will light of dealing with that. the other interesting point is overall for expectations, if you have expectations so beaten down, was sector does not have to do a lot to beat? some say it is financials. david: expectations are definitely coming down. joining us are allison williams, senior u.s. banks analyst, and christopher wolfe. as we wait for the morgan stanley results, give us a recap of where we are on banks. allison: four trend is there core trend is very good. interest margin expansion was stellar yesterday at bank of america. across the banks we have support from the core balance sheet growth to continue credit. very good coming in better than expected. still inspecting strong credit this year. it is not a surprise we have seen solid trends. it s interesting to see the stocks outperforming. keep in mind, they are back to where we were at the beginning of december when people started getting worried about the geopoli
do they have enough money? they certainly have enough money. there s hundreds of millions of dollars in their capital budget. reporter: they say failure to do the fixes will result in tragedy. the controller says that 2245 personal injury claims are filed last year against department of correction a 37% increase. this is a situation that s gone on far too long and we have to be mindful not just that this puts a financial pressure on the city, but it also has a human element which is you don t want to put people in harm s way. reporter: late today a department of correction spokesman said the agency, quote, has robust fire evacuation procedures in place and commissioner ponte is committed to ensuring that staff and inmates alike are not a risk. the department has taken significant steps with fdny to address the concerns. it can take 11 years until 2026 to fix everything. the agency does admit to having over $100 million in the budget for fire safety. it says it has i
front. head in closer. nothing severe. heavier rain showers at this hour. inside the capital beltway it s dry. you have to head north to rockville to see light rain at this time. around the 270 spur, the beltway. no problems at least right now. the wet roadways are in the forecast later to temperatures will fall in the 60 s. period of rain. maybe you will hear an embedded thunderstorm or two. cooler temperatures on the way. we look ahead to the upcoming weekend. jonathan: this is view from mobiletrak7 on g.w. parkway heading to the beltway. we ll check the road conditions and the travel times across the area. jamie sullivan is joining us picture look at the afternoon ride. we ll have it in a few minute. last night severe tomorrows and possible tornadoes are blamed for killing at least five people across alabama and tennessee. big degrees were ripped out of the ground falling on top of homes and cars. this is near huntsville, alabama. if that wasn t much different really in te
both parties. both sides attracted a large number of voters but it is here in new hampshire which has a significant number of independent voters. i love you all. thank you, new hampshire! reporter: trump scored his first victory in the race, chalk it up to working-class frustration with the economy and foreign policy. plus the threat of terror attacks from isis and a belief that america has lost its respect in the world. we are going to start winning again. and we re going to win so much, you re going to be so happy. reporter: bernie sanders also benefited from a push back by voters. they don t want to be force-fed an establishment candidate like hillary clinton. i say, huge, honest, energy, and the excitement. the democratic party will need to succeed in november. i still love new hampshire. and i always will. i know i have some work to do. particularly with young people. even if they are not supporting me now, i support them. reporter: the biggest winner of th