Want you to get in touch from home as well. We will answer as many as we possibly can. I will be giving you a bit of a behind the scenes tour. We will return to the tension a few minutes. Tent in a few minutes. Good morning its tuesday sixth june. This mornings headlines. Questions asked as to why police and Security Services downgraded their inquiries into the past of one of the London Bridge attackers. Khuram butt had been under investigation by Counter Terrorism officers and mi5. Thousands of gathered for a vigil to remember the victims of Saturday Nights attack. A minutes silence will be held across the country later this morning. In sport, the former Newcastle United midfielder cheick tiote dies at the age of 30. His old boss Steve Mcclaren said he had the most beautiful smile in football. Good morning from the blue peter garden where it is raining. We have a lot of friends this morning over Central Eastern and Northern Areas and in particular some of that heavy and in particular
Buying on tuesday. Yesterday the dow rallied 72 points, the nasdaw gained 35 and the s p 13. Gold lost 5 dollars and oil surged 1. 18. Morgan stanely pays 1. 25 billion in fhfa settlement. A nearly 1 trillion dollar farm bill is on the way to president obama. The compromise measure covers farming issues for the next 5 years and reduces spending on food stamps by 8 billion. Seattle seahawks celebrate with a parade today following a big super bowl win. Mark sebastian of swan Wealth Advisors joins us now for trader talk. Good morning. The s p 500 broke through 1745 yesterday. Are we in technical trouble here . It was a real interesting day. We broke the 100 Day Moving Average on monday. Thats going to be a technical hurdle if were gonna rally back. One key thing that changed yesterday was the vix. It absolutely got thwacked even though the market didnt rally which to me says maybe traders are less worried than the general public realizes. Critical question hereyoure a smart guy, youve bee
Department seeks 10 billion from bnp paribas over allegations it evaded u. S. Sanctions against iran and other countries. Southwest airlines is fined 200,000 for advertising cheap seats that did not exist. Forbes reports microsoft is working on a smartwatch that is also a heart monitor. And the la times reports former microsoft coceo steve balmer has offered to buy the la clippers for 1. 8 billion dollars. Trader bob iaccino of tethys partners steps in now for an early look at the market. Bob we are at the end of may. How is today likely to play out . Well well probably play out with a little bit of selling but that something you have to take with a grain of salt. Everybody knows the sell in may and go away phrase. It doesnt work in a bull market. If you track it historically and if everybody agrees were in a bull market which i dont see how you can at this point disagree with that it doesnt work. So sell in may and go way that will affect some people toward the end of the month, but y
Get a jump on the days news with Christine Romans and Dave Briggs. We will watch the situation very closely. Paula, thank you for the report. Jury selection begins later this morning in the federal trial of the former Trump Campaign Paul Manafort for alleged financial crimes. The first test for special Counsel Robert Mueller and his prosecutors although russia is not the center of the trial. We have more from evan perez from washington. Reporter dave and laura, Paul Manafort, the former campaign chairman, is going on trial in Virginia On Federal Tax and bank fraud charges. This is the first trial to come from Robert Muellers investigation. Dont expect the trial to be about russia or collusion or President Trump. Prosecutors and attorneys plan to stick closely to the issues in the charges which have to do with the governments accusations that manafort used secret Foreign Bank Accounts to hide millions of dollars he earned working for the Ukrainian Government and failed to report it to t
They were all minor. After firing the man who founded the company, groupon is on the hunt for its next ceo. Bloomberg is reporting that the board has decided to look outside the company. Sources say a search firm could be given the task within two weeks and will be expected to find a new chief executive within six months. Some say it cannot be done without a lot of pain, but congressman paul ryan says the budget he will reveal next week will essentially be what the house approved last year. But the house plan would balance the budget in 30 years. He says his can do it in 10. Lets make some sense as to what we can see in trading today. Lets talk with todd horwtiz. He is the chief strategist for the adam mesh trading group. Todd, the markets closed yesterday yeah, another dow record, but it didnt quite have the vigor that we saw on monday. Are we running out of steam here . Good morning. Yeah, it looks to be the market, although making a new high, we see a lot of problems. We see a probl