Mickels mickelsons attorney who says that phil is not charged with Insider Trading and phil is an innocent bistander to others that he was doing something that is not something that he was aware of, but they say it is a tip from gambler Billy Walters who was receiving information from the former dean foods chairman thomas davis who is suffering Financial Difficulties and received some loans from walters and allegedly tipping walters to insooider informatio about the dean foods at several different corporate events. Walters made trades on those and took advantage of the information in other ways according to the u. S. Government, and there is a lot here sh, melissa, and we will g to the bottom of it as soon as we get the bottom of it. And this is a long running crime, eamon, because it is between 2008 and 2014, and during this time frame, according to the allegations, walters made 32 million and avoided 11 million in trading losses. There is a lot more coming out of the documents releas
Today. An accounting issues. Well have the latest details and what it means for the future coming up. Also, etna following uniteds lead and announcing plans to pull out of most of the Obamacare Exchanges this its involved in next year. And will that lead to big price increases now that theres less price competition at those exchanges . Well hear from the ceo of a major insurer whos doing pretty well in obamacare. Thats coming up here. And financials have really missed out on the recent record rally but is now the time to bet on the banks . With more hints the fed may raise rates again. Oh, by the way, a big move by an investor into one of the banks. Well hear from both sides of the debate coming up. A lot to get to. Lets begin with the markets pulling back from yesterdays trifectas. We put it. Closing the Closing Bell Exchange today, Michael Robinson of money morning. Com, ben willis of princeton securities and rick santelli, if its tuesday ric t rickster is back again. Hey, ben, so bi
Evening. Rough if petaluma, southbound 101 an accident blocking the left lane by san antonio road and traffic is now stacked to East Washington for 45minute delay and there is not a real good alternate unless you take 116 to 121 to 37. Give yourself plenty of time and another accident in richmond westbound 80 left lane is blocked with 20minute delay back to mcbraid. Become to look at both of these with an update if a new minutes. Back to the breaking news, terrorist suspect is in custody and another is on the run. A report held a News Conference and we were watching it live. Tiffany, what happened . A lot of new information, European Forces initially told abc that the suspect had been arrested in connection to tuesdays terror attack but a belgium prosecutors denied that. Shear pa we have learned. This picture shows they of the suspects at the airport, the map on right is still on the run, belgium tv reported that he was in custody. The man in the mill is belgium been is identified and
We saw in europe on friday, when we factored in that chinese whenlus adding to the ecb we see more stimulus coming from mario draghi. Perhaps a little bit of profit taking, a little more risk aversion. The dax is flat, Business Climate set to deteriorate later today. Taking after we saw the biggest twoday gain since july on thursday and friday. The other Asset Classes are moving on the back of these measures. Nickel hasnt been performing so well. A big bellwether coming from how china is performing is the aussie dollar. Lets have a look at some of the stocks to watch. We have had news on potential acquisitions or disposals. , with aboutdown 3 2. 8 billion it could be under threat. U. S. Regulators are confronting roadblocks, saying that they have concerns. Up readyrs are significantly but investors are really focusing on the concerns about that sale, up 2 . This is something that is just shy of estimates, 12. 4 billion euros. Aberdeen Asset Management reports that we could see potentia
Continues. Host Fiscal Health of states is the topic for the next 45 minutes and we are joined by two state treasuries. Jim mcintyre, Washington State treasurer. Along with david miller, who was the Tennessee State treasurer. Mr. Lillard, i want to begin with what do state treasurer is due . Guest theyre usually the chief Financial Officers of their state and they managed hundreds of billions of dollars for State Governments and local governments entities throughout the United States, including Pension Funds. They play a very Important Role in Fiscal Health. Host how do you go about doing your job . Guest a sickly investing monday investing money and offering programs to citizens of that they can use in their state like that. Host jim mcintyre, who do you report to in your job . I elected, pointed, how does it work . Guest im elected by the voters every four years and we have nine statewide elected officials in Washington State. Other states have fewer, but we are very active and i rep