On this monday. Vine ist to say that lost on me but when you watch you cannot help but crack up. Theyre pretty awesome. Time now to get to business. The top business stories from around the world. Stocks are dropping around the globe today. A tech selloff is leading the way. The s and p, dow jones, and nasdaq all down across the board. Investors have been selling some of the bull market best performers. A management reorganization of charles how it is now copresident and will develop a new era of leaders. A total of 10 executives will have new roles. The vice chair told bloomberg tv this does not signal the ceo is preparing to step down. I can be very clear on this. I have spent time with larry. I have never seen an executive as committed, intense as lately. He is not going anywhere. In sports, kentucky is a 2. 5 the ncaaorite to win mens Basketball Championship tonight. Neither team is favored when the tournament started. Kentucky was seated eighth in the region. All five of kentucky
Amazon. Com. We are counting down to earnings. While disney, groupon and Electronic Arts and activisionblizzard. We have all of that reporting after the closing bell on street smart. Off 15, the p nasdaq down more than one percent. I want to go to julie hyman. Couple oftioned a them, aig topping the list. Financials have dropped the most, aig out with earnings and profits were down 27 because of higher claims cost and that is pushing down the shares sharply today. The worst performer on monday financials. Among the financials. Twitter is at the lowest price since the ipo. We have been awaiting the expiration of the share lockup. For saleon available today, that is quadruple the amount available for trading. Some insiders have said we are not selling but the market is. We are seeing a lot of selling in twitter today. And Discovery Communications leading the Consumer Discretionary stocks after reporting revenues that trailed estimates. Though shares are down by the most in that Consumer
That could include a 2. 5 billion settlement, a substantial amount of money for Credit Suisse, as well as a guilty plea from the Parent Company. This would be a sea change in the way the Justice Department has dealt with big banks. One of the conversations we have don having is what will this to the bank, and how will that affect the bank, hurt future business, impact revenue . This is unchartered territory, right, if they were to agree to criminal charges . It is. If they go for the parent whatny, it is a turn from the Justice Department has done where they could charge the subsidiary, which typically shields the Broader Company from collateral damage. What is next once they saw this . We have a lot of people to go. We will see what happens to a bank if a Parent Company plead guilty and is find, and if the Justice Department will go after other banks and similar cases. Much, keriu so geiger. Fcc chairman tom wheelers proposal to regulate internet traffic has cleared its first pozo, an
I am matt miller. I am scarlet fu. Business stories from around the world kicking off with federal and state prosecutors considering charges against Bnp Harry Bob according to a person familiar with the matter. Overt suisse investigated whether it helped american evade taxes. Bnp paribas. Energizer holdings is splitting up into two publicly traded companies. One the unit will include household products. The other will be energizers personalcare business among products will be sure craters razors and hawaiian tropic sunscreen. The biggest utility deal in north america best year. Agreeing to buy Pepsico Holdings for 14 billion 6. 8 billion in cash. The utilityrates that serves the washington, d. C. , area. I want to emphasize the word nuclear is not nuclear. Definitely not nuclear. Going to accompany story we have been following. Twitter, a puzzle for you. Posted firstquarter results that Beat Estimates on the top and bottom line. Investors shrugging it off. Focusing on slowing user grow
Kind of quiet on the earnings front. It will get busier as the week goes on. Davos is one week away. I will be in zurich. Lets do a data check. Were looking at stocks and bonds and commodities. The yield is 2. 85 . Crude goes nowhere. Where did the vix close on friday . Nicely under 13. That is interesting. It speaks volumes about a sluggish jobs report. We will talk about that today. 6. 04. Inese yuan, that is a shop for anybody on the asia watch. Were blowing through to east stronger yuan. A good morning to all of you watching in canada as well. It is a twisted weekend. She sort of dressed like tina fey this morning. Scarlet fu with the front page. Were working on that. Page story, the Iran Nuclear Deal will take effect starting next monday. They will stop producing weapons Grade Nuclear fuel. Theeturn, remember that u. S. Will temporarily suspend the economic sanctions. Relief will be worth about 7 billion. It is a step. What size step would you give it . It is a first up. It is the