Minister. And aboutface. The boy scouts of america move to allow transgender scouts after one boy stopped the ban. I didnt do anything wrong. Captioning funded by cbs good morning from the studio 57 newsroom at cbs news headquarters here in new york. Good to be with you. Im annemarie green. Well, President Trump fired the acting attorney general for refusing to defend the executive order on immigration. Shortly after sally yates was fired last night, longtime prosecutor dana boente was sworn in to take her place. After statements a large group of diplomat voiced a memo, and democratic lawmakers held a rally on the steps of the Supreme Court to protest the immigration and refugee ban. Henna zanls here. Good morning, annemarie. President trump will name his nominee for a Supreme Court judge tonight during a prime time speech at the white house. Senator Jeff Sessions is expected to be approved by a Senate Judiciary committee this morning, leaving him one step closer to a full vote by the
David i dont know how you put those two together. They are two different people. Jon neither do i. Deutsche bank chief economic analyst will be joining us this morning. Futures, a little bit softer today in the United States. In europe, lower for tents. The euro, a little bit weaker. German tenure is the best performer in europe. The dollaryen had a little bit of risk aversion overnight. Gold softer on the day, oil, softer on the day. Two political risks nothing like what we are facing here in the u. S. David the Deutsche Bank stock jon the Deutsche Bank stock, down this morning. Own cryan ripping up his. Urnaround plan the effort include selling part of the Asset Management business. Francine lacqua spoke earlier about the new strategy. Remember, i described as Capital Raising. Yet she need to advance it. I think, one year ago it would have been much more difficult for us. There is still a lot more uncertainty. I feel more comfortable sitting in the seat i sit this year than i would h
Couldnt. But just extending the gains on the opec decision. Health care financials were the big laggard and we have to talk about Deutsche Bank. It is in the afternoon about potentially some hedge fund not wanting to do as much business with the bank sent markets into a tailspin. And dowsets and volume and s p stocks above the 10 day average. Joe the s p down not even 1 we were closer to about two thirds of a percent down. Fairly close to the lows of the day. A record low for Deutsche Bank u. S. Shares because the news came out after german trading ended. A number of funds that clear derivatives trade with true positions held at the firm according to an internal bank document. To thecern spread financial sector. An etf that tracks all financials, you saw losses in Goldman Sachs and morgan stanley. I included wells fargo, down more than 2 as it was under pressure with the ceo testifying before the house financial. Ervices committee today looking at the vix, you can see it is up once aga
Sweaters, and some scary moments occasional for investors. After all, october has brought frightful events, like the 1929 stock ma crash, black monday in 1987, and a 500point drop on the dow, thanks to the socalled asian contagion in 1997. Today brought none of those but the month did start out on a down note as investors digest economic in news showing spending fell for a second straight month. Tepid manufacturing numbers and Oil Prices Hit a threemonth high on renewed optimism opec may reach a deal to cut production a in, the dow jones industri average fell 54 points to 18,253. Nasdaq was off a modest 11, and the s p 500 off 7. David kelley joins us now to talk more about the markets in october and whether ot the upcoming president ial election wi have any meaningful impact on trading this month. He is the chief global strategist at jpmorgan funds. David, always great to see you. So how be the election . Do you think that it has the potentia to it unsettle the markets . Well, it coul
Occasional for investors. After all, october has brought frightful events, like the 1929 stock ma crash, black monday in 1987, and a 500point drop on the dow, thanks to the socalled asian contagion in 1997. Today brought none of those but the month did start out on a down note as investors digest economic in news showing spending fell for a second straight month. Tepid manufacturing numbers and Oil Prices Hit a threemonth high on renewed optimism opec may reach a deal to cut production a in, the dow jones industri average fell 54 points to 18,253. Nasdaq was off a modest 11, and the s p 500 off 7. David kelley joins us now to talk more about the markets in october and whether ot the upcoming president ial election wi have any meaningful impact on trading this month. He is the chief global strategist at jpmorgan funds. David, always great to see you. So how be the election . Do you think that it has the potentia to it unsettle the markets . Well, it could. I mean, weve looked at the dat