Ahead of us. I would focus on Pound Movement and what that means for exporters. Tom i like the sterling idea. We will do that in a data check. There was a video out over the weekend of a boeing 787 flying like a little plane. It was one of their japanese airlines. I wish i could go on a junket with boeing flying around like this. Is lead story for me negative Interest Rates and curve flattening. None of that has let up from friday. Look at thisnow we almost on a daily basis, but when you look at u. S. Treasuries , they are not following the economy anymore. Lets get to the first word news. In japan, Prime Minister shinzo abbe has won a big victory in Prime Ministerial elections. His liberal Democratic Party won 56 of the 121 seats in contention. A Junior Coalition party won 14 more. He said he would take brought, bold measures to expand japans economy. George osborne heads to wall street today to try to shore up Investor Confidence in the wake of the u. K. Vote to leave the european un
After the bell. Well tell you what to expect and live analysis when the earnings are released. Meantime, the Republican National Convention Officially under way in cleveland right now. We are live on the ground there with the latest developments. Plus, mr. Trump senior trade adviser on why he believes free trade failed the United States. Remember this one . We have new developments in the story about a Hedge Fund Portfolio manager fired after throwing a big hamptons party. The Hedge Fund Manager is speaking out saying theres a lot more to the story and hell tell us what it is after the bell today. All right. Japans softbank buying uk based apple supplier arm holdings. David farber, david, has the story for us right now. I do. Thats right. Arm. I want to hear about the Hedge Fund Guy and ill wait for that. But as for this deal, of course, many people actually not expected it. They werent waiting for a deal of this type. Arm holdings, bill and kelly, not necessarily thought of as a conso
Of chesapeake, the second today. Bob pisani on the floor. This is different. Im in front of the host for chesapeake. This is news pending. Recall earlier, these were halted for volatility. That is intraday volatility. And thats sort of a mechanical halt that happens. This is the news pending, so well find out what, if anything, the Company Might have to say at this point. I just want to mention whats going on with some of the overall market right now. Because were sitting not far from the lows for the day here. Sectors in terms of the declines were seeing, financials, consumer discretionary, tech and energy. And, of course, utilities down a bit, but not down nearly as much. Its been a remarkable time here. I want to put up some of the financials and show you. Were having rather notable declines, including Morgan Stanley and bank of america, some of the money center banks, weaker, 4 or 5 than the overall market and regional names, but not nearly as much. Ive also opinion been pointing o
Rather than selling empty foreclosed homes in the market to rent them for a period if thats appropriate. Part of the outcome of that is that banks have been working hard to increase their modifications to reduce foreclosures to assist homeowners who are unfairly treated in the past and so on. From a supervisory, regulatory perspective, we are trying to help, but in that republic, we are like other regulatory agencies who are addressing this issue. Finally, and i dont want to underestimate this part. Analytically. Analytically, we studied the issues from the beginning of the crisis to before, influential in talking to other agencies, the treasury, and talking to the congress in providing ideas and approaches. For example, you put out a year ago, a white paper describing the key issues and approaches and provided analysis for things that can be done to improve mortgage lending. Weve also been very supportive of steps like those taken by the financial the housing oversight, gse oversight
Making a speech. Lets take a look at where we stand with the Dow Jones Industrial down 138 points. We have been down more than 189 points earlier. Dont even imagine last night when neil cavuto is like looking at futures, which was plummeting. If it is not as bad as it couldve been. But the market is terrible. As we look at what we call the hot button here. We have bank of america and caterpillar. All of that pales in comparison with research in motion. The stock getting taken out to the woodshed. The Services Business is about 30 of revenue. To be pretty clear about this, research in motion change the pricing model for 2013, and the impression is it the thumbs down. Totally different story for investors. The Software Maker jumping about 4. 5 here. Better than expected thirdquarter numbers. Prescription revenues are up yearoveryear. We are going to talk about the drivers. Something called private cloud with red hat ceo, James Whitehurst. What uncertainty is cooking up. We will ask them