68 wall street. Today its a luxury residential building but thats beside the point. Were seeing the results of the ice, the owner of the New York Stock Exchange moving and consolidating some operations not just the equities but also some futures business some of the options, and just some general support here as they continue to run vat the space. Thats right. I miss the garage i will say, but time marches and the options traders have a beautiful new trading floor. So things look a little different at the New York Stock Exchange, but its the same for the stock market overall. We still have volatility in this market kelly, and a lot of it. Were waiting not only we know about the state of the union tonight, but the ecb meeting, European Central bank meets on thursday. That could have a profound effect on this market right . Thats going to be a big one. A lot of anticipation arguments over whether you should buy europe or not. Even Johnson Johnson this morning on that disappointing earnin
Well be discussing this much of the morning. Oil back with a fivehandle after the rally. First time oils been above 50 since january 6th. Road map begins with surprise surge in the swiss franc after the National Bank scraps the currency floor set in 2011. In turn volatility jumps and markets around the world. Bank of america shares down in the premarket with profits and revenues both coming in below expectations. And target best buy moving dramatically in premarket but opposite directions. Well explain why in a moment. First up surprising news out of switzerland, the swiss National Bank scrapping exchange rate. It was the end of a currency floor set back in 2011 to head off deflation and in response, swiss franc surges against the euro major currencies. The swiss markets down 9 . People wondering trying to get out of the way of draghi next week. Well, i guess so. I mean this is a puzzling move because typically you dont do something that you know is going to hurt your country dont do s
Coming off the joint news conference. That inches up toward the top of the page. And the president is likely to address greece when he was asked a question about it. Well get into this with bill miller. Find out why he remains bullish on the u. S. Stock market even though he thinks the fed will raise rates as early as june. Hell name the stocks hes looking at right now. Dont miss that exclusive interview coming up. All right. This man was named ronald lee. He recently died at the age of 92 after decades working as a janitor andq gas station attendant. So how did he amass an 8 million fortune in the stock market that no one knew about . Youll hear this mans entire amazing story. Find out how he did it. I love this story. I cannot wait for that. Here is where we stand. In the markets the dow having a tough session. Just above 17,700. The nasdaq off by 19. Joining our the Closing Bell Exchange is aaron gibbs bill from jpmorgan asset management. Jason pride from glen meade and our own rick
Chains are struggling, many customers are coming in for the meat. It is Market Makers here on Bloomberg Television. I am Erik Schatzker. Stephanie i am stephanie ruhle, and im glad we are starting today coming in with the meat. Coming in with the meat . Erik coming in for the meat. Stephanie you know what we need now, a bulletin. Erik abbvie has won the battle for pharmacyclics and will buy the company. It makes a blockbuster blood Cancer Treatment that cost 100,000 a year and has been approved for four blood cancer uses. Johnson johnson had been on the verge of buying pharmacyclics. The European Central bank is releasing details of its stimulus program. At a News Conference in cyprus, ecb president mario draghi says that the sovereign Bond Purchase Program will start next monday. Ecb will be buying 60 billion euros a month of assets through september. 16. This is all part of a plan to invert deflation in the euro zone. The ecb wants to get inflation back up near 2 . China has since se
Watching is the closing bell. Mario draghi evening at a dinner in frankfurt right now. Save the recent signs of recovery in the eurozone are a window offered energy is one. He says the euro area needs governance and structural reform and calling for a quantum we and institutional conversion. No mariah and world bank of scotland accused of fueling of global that led to the collapse of the u. S. Housing market. The federal Housing Agency making the allegation over the trial of defective Mortgage Backed securities. The agency seeks more than one billion in damages in the trial. The fha has read almost 17 million has rebounded 17 million in profit. Procter gamble has sale of some of the single phrase in a sale. They have been reviewing each of its brand at the company look to ask and those where it does not command a market leading efficient. We have less than an hour until the close of trading. Going for breaking news that were scarlet fu is looking at all of the action. Another triple di