Live with us in minutes. And we are live in chicago to see what the stars are saying about stocks today. We have four and five star story to tell you. The president is expected to speak any minute on iraq. We expect details on the next steps they will tay on that situation there. First though, lets check in with sue. Hi, sue. Hi, tai we start with a cnbc exclusive a major cyber attack on a hedge fund. Amon over to you. Hi, sue, that is right. The experts at Systems Applied Intelligence are telling cnbc that they have stopped a cyber attack on a large hedge fund. This attack wasnt designed to steal information. It was deesigned to get into that trading system they say the malware was in place for months. On the one hand it is pretty amazing. This was designed to attack the core systems that these folks systems trade. Hackers were able to get inside that Insurance Company and get into the underwriting system and write false insurance plans and cash out those plans and manipulate the inte
I know. Were expecting big ideas out of aspen from you folks today and, i mean, if nothing else, the view is spectacular as we always know this time of year. Yes, i am Bill Griffeth here at cnbc headquarters, where we are watching a final hour of trade not only for this day, for the, month for the quarter, for the first half of this year on wall street, and kelly, as we know, the markets have continued to move higher. This will be the fifth consecutive month where the dow and the s p have moved higher. And by the way, eighth consecutive quarter for russell 2000. I believe thats unprecedenunpr. Well follow these markets here. Well hear shortly from the president as well. Lets tally up the gains this year, take a look at our lineup of heavy hitters as well including David Rubenstein, former treasury secretary Larry Summers. Thats all from aspen. Later on the program, john calmo joining us. Could you want anybody else . Well, yes, were awaiting the president. He is about to make a stateme
Andrew, welcome back. Thank you, becky. It is now official, weve been talking about it for weeks if not months, but bnp paribas has pleaded guilty to charges and paid ads 9 billion fine to resolve violations. 9 billion i think is the most any bank has ever paid in a case like this. The bank is banned for a year from conducting certain dollar transactions. Thats key and its important because its a key part of bnps International Business and will cost them and hit their bottom line. Fbi director jim comey yesterday with a message to all shareholders, not just those with a stake in bnp. The 9 billion thats walking out the door today is your money. We do these cases over and over again and shareholders money walks out the door. Until shareholders demand from their boards that those boards choose leaders who understand what it means to create a healthy culture of compliance, the money will keep walking out the door, well have to keep doing this work. And the penalties against bnp are signif
This morning after the dow and the s p toastposted their best gains of the year. And carl icahn said one company has the worst Corporate Governance hes ever seen and Steve Ballmer making his first address since leaving microsoft, he did not disappoint coming to you later this hour. But first up well start with the markets, stocks coming off a record session, the s p a record high and the dow and the s p having their best day since december 18th. And adp showed the economy created fewer private sector jobs in february as the cold weather restrains hiring. You said the data has been okay. The durables and the chicago pmis have been all right. We have great data out of europe pmi. How could the economy be good and stocks be good and employment be bad . The economy is not necessarily good its delivering but with the employment weaker and the macromanufacturing come out and continue to amaze and the Mortgage Application number this morning that is strong. If you get russia off the business
Account information stolen during the target Security Breach is now being divvied off and sold regionally. Two mexican citizens were arrested at the u. S. Border in connection with 96 credit cards. Federal Officials Say there is no connection between those arrests and the retailers credit card data theft. Lenovo has reportedly in talk toes buy ibms server unit. And an experimental roach schizophrenia drug misses two gomes in late stage trials. Its kind of hard to read serious stories as the Peoples Court theme is playing here. You have to keep your game face on. It was a test of your professionalism. Its the equivalent of playing the super bowl in 20 below or Something Like that. You really did well with that, i think. Thats why im here. Ive got to ask you, theyre beating on the revenues, but missing on the profits . I dont remember ever seeing that. Usually its the reverse, right. The top line has been weak, the bottom line has been weak. They do every to offset to the to the bien lin