failed within three days of each other. that led credit for moody s to downgrade its outlook for the entire u.s. banking sector. and those worries skyrocketed today because of troubles facing the global investment company credit suisse. the saudi bank failed to rule out giving funding to the already embattled company that combined with the recent u.s. issue sent stocks falling. i want to bring in business reporter rahel solomon, rahel, walk us through what happened today. well, jake, basically the mood for investors, as investors search for the next sign of weakness. to be clear, i think the nasdaq actually closed slightly higher which is interesting. but this is really just a confidence issue at this point. you can see that reflected very clearly in some of the bank stocks. i want to point your attention to some of the regional stocks, jake, you and i have talked about already. first republic bank off 21%, pac-west off 5% on top of the losses. it s been a rough go for some
Thanks for joining us. Im bob massi. Civil war commander George Custer is said to have uttered the famous words, its not how many times you get knocked down that counts. Its how many times you get back up. Nowhere is that spirit more evident than in las vegas, and we found one spot where it looked like they might not get back up, but they did. So, here i am in Reflection Bay in henderson, nevada, a place that went from riches to rags and now back to riches, one of the greatest stories of redevelopment and resurgence in america. This entire area five years ago was ground zero of the realestate crisis in america, and today it is an american success story. Lake las vegas is a beautiful, 328acre lake that was actually manmade. It was a massive project spanning decades, creating the lake, the golf courses, hotels, and luxury communities in the middle of the vegas desert. But when the recession hit, the area was devastated. This was the kind of situation thats very rare to have a 300acre lak
When youre selling your property, doing some very simple things can give you an amazing bang for your buck. One of those things its called staging. Its basically remodeling or redecorating your home to make it attractive to any potential buyer so important. And the results . They can be dramatic. We tagged along with professional home stager jennifer paxson, as she transformed two properties that are about to hit the market. What we do as stagers is we bring furniture in so that people can see how they could live in the space. We make people have an emotional connection so they see the way that they could live life. For Property Number one, jennifer went way beyond traditional staging and worked with the homeowner on repainting, restaining cabinets, and even replacing carpets. The style of the home is very traditional. And what were trying to do is make it transitional because transitional is gonna bring the traditional style as well as contemporary pieces. Contemporary pieces are more
A sea of red. Dow open 133 points off. S p 500 off. And nasdaq off 37 points now. Lets look at the ten year treasury. The yields hitting the highest level since early december. Looking at 2. 338 there. And also you should Pay Attention to the german bund driving a lot of the action in the global bond market lately and especially overnight. 2. 3 . Didnt we close yesterday at 2. 2 . Pretty big move. It was a big decline of more than one point yesterday in the ten year. And the bund last time it bounced. We couldnt figure it out. Remember that morning we were here early. This chart is incredible. That was the one that went there and the markets were covered. Its going to test the recent highs in yield. It was because the economy was going. Its what we talked about that day. We live by the sword, die by the sword. When rates finally start being normalized in europe we were staying low. Lets show everybody whats going on in the European Equity markets. Theres a big sell off going on this mo
Thanks for joining me. Im bob massi. What if you could build the ideal community with every detail designed to enhance the lives of those who live and work there . Its a bold experiment playing out here in a place called lake nona in orlando, florida. Lake nona is an 11squaremile city built from scratch. 11 square miles of an integrated, highly Collaborative Community thats anchored by these clusters of excellence in science, sports, and education with an underpinning and a foundation of Technology Running through it. And weve designed it from the ground up. That means homes, schools, universities, commercial. Hotels, restaurants, hospitals, sports facilities, shopping centers. All built to complement each other with the goal of creating the perfect city of the future. Most great cities or clusters take decades to come up. They grow organically. Its over 20, 30, 40 years in a helterskelter fashion. We had the opportunity here to design everything from the ground up. Technically, lake n