bank. micron issues a trade warning. shares down this morning on a disappointing outlook and ceo san yjay mehrota joins us in a e minutes. tell the story. i m sorry to interrupt. no problem. eagles won last night i can do whatever i want. and half of the debuts trading below their offer price. does that spell trouble for the ipo market wells is up in the premarket after naming bank of melon ceo charlie scharf he held the top job at visa. wells plagued by scandals struggled to find a replacement. alan parker will stay interim until scharf joins the company the conference call is under way and we ll bring you developments on that. he had quite a run at visa and left for geographic reasons really. yes, he did able to stay in new york, his family still going to be with him. one daughter right there, another one close by, folks nearby, very much dedicated to them i got to tell you, congratulations, or as people would say, as president ford would say, their long nationa
also, also trading at a record. small caps lagging recently as investors try to flush out with the prospects are for tax reform, because this is seen as a group that is particularly receptive to any kind of tax cut. everything since last year s elections, you saw outperformance initially and through the long fade. particularlynce, in the last week or so, this is i should imagine the russell 2000 s performance relative to the s&p 500 so we are still positive post the election, near breaking even or even with the s&p 500 s performance in august. one proxy we are watching for tax reform. as for what is leading large caps, technology is the big winner, up over 1%. they are performing well in the session. the only group down on the day is telecom. health care bouncing back, i will talk about that today. bounceig cyclically led we are watching in today s session. take a look at one stock that is a standout, whirlpool. you can see the lake up leg up. that appears to be connect
from there in london. the markets appeared to be settling down and we are joined by outstanding guests today. led by bill gates. he would join us to talk about biotech and drug pricing. alix: cromwell we be joining us more regulatory hurdles facing the banks. but first, we have a slight rally on the table for today. jonathan: features are firming up about .2% and the ftse is an positive territory and raising all of the post brexit gains. .he dax is up as well i want to talk about what is happening in other asset classes. boris johnson does not run and cable jumps, the pound a stronger marginally. we will discuss why. 1.52%.unchanged at we are heading for the strongest quarter for crude since 2009. to wrap up all of the stories, let s go around the world and check in with our bloomberg team for in-depth coverage of our top stories. anna redwood is in london on the race to succeed prime minister cameron. julie hyman in new york on the last day of the second quarter. let s beg
i m tyler mathisen. three hours left in the trading session. stocks are really holding in the red, but really not by much. look at the numbers. very minor moves. checking the names you might own, apple the only one on this list here in the green. and it by half a percent. alphabet or google, microsoft and jpmorgan off fractionally. i m michelle caruso-cabrera. the imf says it is lowering the 2016 u.s. growth forecast again, blaming economic setbacks in the first half of the year. twitter shares under pressure following a downgrade at loop capital. more on that call ahead. durable goods orders holding steady in august. economists were expecting a drop. brian? we have a big two hours ahead. hi, everybody. i m brian sullivan. let s start with the banks. steve liesman and woolford frost are here. let s listen to what fed chair janet yellen just said about u.s. banks. we are undertaking a look, comprehensively, not only in the consumer area, but compliance generally because
taking a look at the markets right now, they are getting ways down by those, the s&p down by a 30 minute percent. we are definitely off of our session lows. by as much aswn 100 60 points. we down now by about 50 points. we are at session highs even though we are a negative territory. take a look at the dow for the entire day. we can see where the right has been. at 10:00 a.m., that is when u.s. personal income and spending came out. we have been slowly clawing our way back, and you can see her at the noon hour we are just off our session highs. another thing that is affecting the markets is of uti crude, as it always has been. and that is now at session lows, down by five and a quarter percent. 5.25%. that is breaking a four day winning streak. the 10:00 a.m. mark we did see a leg down after the u.s. personal income came in a little bit worse than expected. inx: we are seeing movement the market caps today. it is an apple and google story, but i could be wrong. ramy: you ar