Numbers, and theres very visible reputable companies. You would have expected a scorcher of a session. Instead, the market itself got scorched. Dow dropped 196 points. S p falling. 93 . Nasd thanks to concerns, some say justifiable concerns, over the sole vensy of Deutsche Bank, the largest bank in germany. These concerns had ripple effects all around the globe. Whenever we start worrying about the solvency of any bank rpg theres always going to be negative pin action. The stock is down again today. Its going to play out, and none of them is good. People will fear this huge banks problems will spill over to others as banks are always lending each other money, and theres a presumption that you shouldnt be lending any money to Deutsche Bank right now because maybe you wont get paid back. When you look at the bank collapses from the recent financial crisis, they were caused not by classic bank runs that depositors are pulling out all their cash, but because their credit was cut off by oth
Scorcher of a session. Instead, the market itself got scorched. Dow dropped 196 points. S p falling. 93 . Thanks to concerns, some say justifiable concerns, over the solvency of Deutsche Bank, the largest bank in germany. These concerns had ripple effects all around the globe. Whenever we start worrying about theres always going to be negative pin action. The stock is down again today. Its going to play out, and none of them is good. People will fear this huge banks problems will spill over to others as banks are always lending each other money, and theres a presumption that you shouldnt be lending any money to Deutsche Bank right now because maybe you wont get paid when you look at the bank collapses from the recent financial crisis, they were caused not by classic bank runs that depositors are pulling out all their cash, but because their credit was cut off by other large institutions. We heard there were news reports that was happening today at Deutsche Bank. In fact, the markets su
Instead, the market itself got scorched. Dow dropped 196 points. S p falling. 93 . Thanks to concerns, some say justifiable concerns, over the solvency of Deutsche Bank, the largest bank in germany. These concerns had ripple effects all around the globe. Whenever we start worrying about the solvency of any bank, the stock is down again today. Its going to play out, and none of them is good. People will fear this huge banks problems will spill over to others as banks are always lending each other money, and theres a presumption that you shouldnt be lending any money to Deutsche Bank right now because maybe you wont get paid when you look at the bank collapses from the recent financial crisis, they were caused not by classic bank runs that depositors are pulling out all their cash, but because their credit was cut off by other large institutions. We heard there were news reports that was happening today at Deutsche Bank. In fact, the markets sudden plummet occurred precisely when the sto
A panama law firm called Mossack Fonseca, 11 million documents taken from that law firm, given to a german newspaper, which shared them with a Global Consortium of Media Outlets around the world. In those documents, according to the reporters who had a chance to go through them, are accounts of World Leaders, as many as 12 World Leaders who set up shell corporations using that Panamanian Law Firm to allegedly hide assets around the world. One of the leaders under scrutiny today is Vladimir Putin. His name does not show up in the documents personally, but the names of a lot of his close confidants and inner circle do show up in those documents. The kremlin has already had reaction here and were getting reaction from some of the world capitals to this story. Kremlin saying this report was simply an information attack on russia. Also reaction from the icelandic Prime Minister who is being interviewed by a Television Crew when he was asked about this. He stood up, walked out of the intervi
Dig deeper into oils impact Going Forward. Going in Different Directions which is very unusual, definitely what we didnt see in the First Quarter. Costco starts its deal with citigroup today. What about former partner American Express . We have both sides whether one of the biggest losers can turn things around. The yahoo brain drain isnt over. Details on the latest executive to leave the struggling Internet Company coming up. Shares of tesla are popping after the company unveiled the model 3 last night. Preorders have soared past expectation and elon musk took the stage to unveil teslas new product. Even the base model 3 will do zeer ro to 60 or 0 to 100 in less than six seconds. [ applause ] at tesla we dont make slow cars. In terms of range, the range will be at least epa rating of 215 miles. All model 3s will have autopilot hard ward and 3600 super chargers worldwide and about the same number, about the same number of destination chargers, thats present day. By the end of next year