Those days are long since over. Diner closed down years ago, and i dont even pound it anymore, except an occasional saturday night when i aint got nobody but today with the dow 293 poernkts s p falling 1. 64 , the nasdaq plunging 2. 37 , it felt like a real night at the holland tunnel diner, may it rest in peace because we saw what happens when the stove top gets too hot for even the master folks to handle. My Old Hedge Fund, the holland tunnel because that diner had a griddle to sizzling hot that you knew those eggs for the sopup sandwich would be done perfectly in nine seconds. Oh, but if you left them on for an additional for ten seconds, they were burnt to a crisp. This week we are witnessing the nasdaq griddle that got too hot. A genuine inferno, and those eggs are now charred beyond all recognition. All started on friday. Thats when i could tell the biotech eggs have been on the griddle for nine seconds and couldnt stand it another second longer without being overfried. Thats why
Total, both reporting profits of 2. 6 billion. Guy lets find out more. Will kennedy is he appearedare. Training did well and refining to ball. The oil sector is not looking to shabby. Will beating expectations by more than double which is not bad. Profit fell by 20 . What stands out is trading. Bp employs hundreds of people to buy and sell oil. When prices are lower, they can save money to make more bets. Francine we have bp and total. Who did better . Will total had the bigger, higher number but bp beat expectations. Bob dudley will be the happier of the two ceos. Guy the refining operations where does the Lower Oil Price leave that. That is a total story. Will total is the Biggest Oil Refinery in europe and when prices fall, you put more oil in your car. Refiners outperform. What youre seeing is the resilience of the integrated mobiles. Your upstream does not do as well but you get some of that bacteria are finding and trading. Francine if we have the oil in this range between 50 and
Pay for moscow will still get the latest from here. In europe is undermining democracy and costing businesses and workers billions of euros every year according to a new eu study that says the extent of corruption is breath taking now seventy five percent of europeans surveyed for the commissions study said they thought that corruption was widespread. Half said was increased. Ne win in europe the spray you from corruption thats just one result of the Anti Corruption report it says corruption costs the economy at least two hundred and twenty billion euros every year. As much as the entire eu annual budget corruption and rhodes trust in institutions and democracy. Good on the mind sightings in the markets the tempest find investments it costs taxpayers. Another point of serious concern is bhakti financing and dunstan says gemini tv needs before for example in the financing of election campaigns with businesses have especially Strong Influence of the political politics. Many districts wak
Party nationally. Worse yet, the same twothirds say they are voting for the democratic candidate for governor next week because they cant stand for the brand of the guy running against him. His name is republican. All have such a dread of the grand old party today that now think of it to be feared. Eugene robinson and joan walsh. Both are msnbc political analysts. Well a political storm is brewing in virginia. That could tell us which way the country is headed now. For nearly 40 years covering the last nine elections, the party occupying the white house has lost the following race. This shows that streak may be about to end. Terry mcauliffe leads Ken Cuccinelli by 12 points. His largest margin in the poll yet. And when mcauliffe supporters asked what motivates their vote, as i said, nearly twothirds, 64 , say its the chance to vote against the republican cuccinelli. By just not being the extreme right winger, the democrat gets the bulk of the votes. This matches, by the way, almost the
Yearly and blackberry Ceo John Chen. So much to discuss with each of these guys. Toll brothers this hour and uber and blackberry after the bell. Pulling for john chen and that blackberry. Turn that thing aron. So you ask, i know what youre wondering. Who is the most powerful woman in the world right now . A new list is out today, and heres a hint. Its not janet yellen. I mean, some on wall street might argue that point, but well have an exclusive look at the worlds most powerful women list coming up, and well see if you agree with the results. Okay. Heres where we stand in the markets. An hour to go and the dow is off seven points and the s p off a couple and nasdaq roughly unchanged. See if things turn around as we head into the close. Lets get into our closing bell exchange, amy wu from rbc capital markets, Larry Mcdonald from new edge usa. Were very pleased to welcome one Arthur Cashin from ups, here at the trading desk and Jack Bouroudjian from index Financial Partners and, of cour