Tie fell out of your pocket again, andrew like it did the other day and no one there that looks good. I figured today was one of those days. We spent some time on a farm yesterday, joe. Thats right. You head back out to the north 40. North 40, andrew, is a term that people out in that part of the world use for the 40 acres that are north 40 . Yeah, andrew is going to be bringing us up to date on everything thats happening in Middle America right now and give us a real view from the front lines on all of this. Well be back with him in just a few moments. Joining us is the u. S. Managing editor for the financial times. Well get to her in a moment because we have to talk about Deutsche Bank and whats happening. Thank you for joining us. First lets get a check on the markets. Take a look at u. S. Equity futures. Yesterday was a down day. Dow down by 200 points on concerns about the Deutsche Bank. S p was down by 20 points yesterday. And the nasdaq was off by 50 points. This morning things
Always gooed to have you. Have we made too much of Deutsche Bank . I dont think so now. It may be specific to Deutsche Bank, but i dont think youre supposed to be in the stock here. This reminds me too much of lehman and bear stearns. Were there bounces up like todays for those two names . Of course, there were. I am suggesting Deutsche Bank the stock is not something you should be playing with right now, and there probably will be repercussions. Not fatal. Not kpait for the rest of the finance center. This guy was a subcommander, and here he is chicken little. I dont know how you can mention im not chicken little. How can you mention it this in the same this youre going to talk about the deposits. They didnt have backing from a central bank. Deutsche bank has tons and tons and tons of assets, and its not a electric widty issue. Whoever thought it was going to be 14 thats not what the problem is. I know there are deposits, michelle. Youre correct about that. The problem is counter part
Is in new york. We have an interesting week ahead of us. A lot of talk about governor kuroda and looking at the bank. Tom i look at the green book that comes out from the imf. The Financial Stability issues of the week will be interesting, starting with Deutsche Bank. I was taken aback by Prime Minister mays speech over the weekend. Francine i dont think we learned that much new in terms of brexit. It seems Party Politics will take a bigger role in when you invoke brexit. She doesnt like it being hard or soft. I think it is all or all the same. Lets get to the bloomberg first word news with taylor riggs. Taylor supporters of that peace plan that ended five decades of fighting in columbia. The agreement it would pass easily. The plan called for rebels to give up their weapons and return penalties for any crimes they committed. The president said the ceasefire will stay in effect. Donald trump is resisting pressure to release a information following revelations about his finances. The Ne
We also have to tightly look at oil. Tom i have never seen an earnings season like this. You have to go back to early 2009 or 2008 for the excitement and mystery of what we are going to see. We have those layoffs, citigroup, and now jpmorgan. On a small number of people. Francine yes. We will be bringing you the very latest off the bloomberg. Lets get straight to bloombergs first world news. Nejra thanks. More turmoil for the brussels airport, only this time it is a walkout by air Traffic Controllers. The airport is already reeling from the terrorist attacks that killed 16 people. Todays labor strike is disrupting flight that the hub. It began over a dispute over the working age of Traffic Controllers to 58. Syrians are voting today in parliamentary elections. Some 3500 candidates combined for the 2500 parliamentary seats. President Bashar Alassad voted early in the elections, which are taking place in government controlled parts of the country. Now to brazil, where the Vice President
Also, we have had a strong run of gains for the major averages. Five straight weeks of gains. So now we are sort of hovering. There is a positive momentum as the s p and dow gained slightly. The nasdaq down very slightly. If you look at the s p 500 over the past week, it is not just today that we have seen this. There has not been that much of a change. Down about 10 about 7 10 of a percent. Even take a look at volume again today. If you look at the bloomberg, volume versus the 20 day average for all of the groups in the s p 500. All of these bars are down particularly energy. More than 40 drop in volume. Utilities, financials and health care seeing a 40 drop worse is the 20 day average. It is across the board. It is not it does not just feel like, it is lower than typical trading activity. Alyx is there a flight to safety in this Light Trading day or light across the board . Julie there is. You would think with little activity in stocks there would be little activity elsewhere and tha