Is serious spike. Oil is already on the rise. Im not going to say i trusted, we have been to the stands before. Theres a lot more news we have to cover. Another snow day for federal government workers in washington, d. C. Offices will be closed while the city digs out from the blizzard. Air travel is slowly getting back to normal. Fewer flights were canceled yesterday. Theident obama has banned use of solitary confinement for juveniles and federal prisons. The Washington Post says the president says solitary confinement can lead to devastating imitating compensators devastating consequences. In denmark, the parliament is expected to let police these valuables worth more than 5,000 from refugees seeking asylum. 1500 from refugees seeking asylum. Danish citizens must sell assets before getting welfare. Our 2400 journalists and more than 150 news markets around the world, im vonnie quinn. Its now with matt miller. Aig, breaking news from they are going to ipo a 20 guarantorhe mortgage uni
Shopping around and ended the day with a little bit of strength. The nasdaq in particular is bouncing back. It had fallen for eight straight sessions, the longest losing streak for the index since 2008. Now it is rising the most of the three major averages. See most of the sectors are in the green with the exception of utilities. Utilities were up yesterday. We have health care leading. Energy is also trading higher. Strength and some of the groups that have been beaten up over the past several days. Technology has been one of those. Big cap tech is coming back. Apple is rising. Analysts saying its recent weakness was not perhaps warranted or at the least it is a good longterm buy. Facebook and microsoft are also coming back in the session. Betty biotech got hammered. Coming back a little bit. Julie biotech and health care. The nasdaq biotech index is up 2. 5 today. Health Insurance Company anthem coming out with earnings that leave it room to meet analyst estimates. There has been con
In europe, a bloodbath. Major indexes down more than 1 , the dax off almost 2 europesu get economy going again . Mario draghi and the finance minister different answers. Draghi spoke. Wolfgang schaeuble urged governments to keep up budgetary discipline. Cap up the drumbeat on the necessity for budgetary reforms. I do not sounding argument compelling. Microsoft Ceo Satya Nadella ts a do over on a question about women asking for wages. Womena was asked what should do when they feel uncomfortable asking for a raise. He repeated advice believe in the system. Eeted. Ards, nadella tw close gender must pay gap. As ceo of microsoft, he is wellpositioned to do that. Has unveiled an allwheeldrive version of its model as. The new tesla has a radar that can see through fog, plus two motors to better handle snow. Here we go woah. Did you see that. Out, with aound test drive with elon musk, 691 torque. Er, 687 feet of seconds. N 3. 2 musk told her its not all about speed. Can have theou a moreoperat
A campaign for president by promising to take us back to yesterday. Yesterday is over. Olivia clinton makes her Campaign Debut in iowa today. By traveling by van she stopped to eat at eight to pulling and was not reckoned ties. John kerry will try today with the senate. Kerry said he had hopes he could clear up misconceptions. Its good to be able to discuss with people what is really contained within the parameters and also to lay down some of the work that we have left to do. We have two and a half months more to negotiate. That is a serious amount of time with some Serious Business still to do. Olivia Congress Must review any final plan. The Senate Committee may vote on another would give congress the power to reject the deal. Russia is being criticized for lifting its man and air defense missiles to iran. They could be used to protect iran. Talks are underway for a huge deal in the telecom industry. Note the a once to no kia wants to acquire a French Company. It could be valued at 1
Ritholz. Very excited to have you here today. Im pretty excited about all of the interesting crosscurrents going on in the market. On the one hand, you have a group of very local bears talking about every pullback as it this is it, this is the top. And then on the other hand, there are some fairly relentless bowls who are just quiet relentless bulls who are just quietly eyeing stocks wer continuously. We will talk about that, but lets get to the newsfeed. Bank of america posted a First Quarter loss, a mere 6 billion in costs linked to mortgage disputes. Resolving issues over home loans and foreclosures have cost be of billion have cost bank of america more than 50 billion big ones. Shares have fallen three percent so far this morning. Ann shares of yahoo are trading higher today. Ceo Marissa Mayer can thank jerry yang. I say, alibaba is preparing to go public and it reported a 66 jump in their overall sales. Yahoo owns one fourth of the company. Company again and trading today, opening