Kayla tausche out today. A lot to get to in silicon valley, but our first story will involve Deutsche Bank, germanys biggest lender. Company ceo john crien trying to reassure his staff. But shares is jumping back, up almost 8 after jumping to alltime lows. Our wilford frost has been joining this story from the beginning and joins us from the floor with more. Reporter so lets revisit those basics once again. It really explains the story well. As we know, capital, thats assets less liabilities. Liquidity is percentage of assets in cash or cash equivalents. Deutsche bank has lots of liquidity, but a worrying lack of capital. Yet, yesterday, it was liquidity fears, predominantly that moved the market. And many analysts this morning coming out to highlight the strength of their liquidity position, hence one major reason for the bounceback in shares today. Capital, though, remains a massive issue. And thats actually what has understandably driven the 50 share price decline this year, as a wh
Lauren was he serving uber passengers, the latest. Nicole victims of San Bernardino shooting, iphone used by one of the terrorists. Lauren daytona 500 came down to a photo finish. We will have all the highlights coming up. Welcome to fbn am, first look at morning markets, breaking news and what to expect for the day ahead. Nicole well, to kick it off to the republican president ial candidates, Donald Trumps Strong Performance in South Carolina helped him in doubledigit victory. When i entered this chris, i wasnt expected to win South Carolina, i was supposed to, you know, not even think about winning. That was a number months ago. One speech and they fell in love with them and i i feel in love with them. You have donald trump sitting at around 30 or so nationally, sometimes over and under and 70 of the electorate did not support donald trump. As this race continues to narrow, that will be easier and easier, so thats why i feel so good. Nicole texas senator ted cruz continues to slam hi
Really waiting for tomorrow and the ecbs latest decision. In the meantime, the dow little changed, just up 1 10 of 1 . Energy and technology are the two groups leading gains, as you will see from the bloomberg. In telecoms. A little change in Consumer Discretionary. Energy amtech are the two groups that have consistently been doing energy and tech are the two groups that have consistently been doing well today. Financials thats a group weve been talking a lot about, this seven Year Anniversary of the bull market. Its worth mentioning what has happened to the financials, not just during the bull market, but even before the bull market. Take a look at this chart that compares the financials performance with the broader s p 500 going all the way back to 2007. We have seen the s p 500 make new records. That happened last year. The financials have had trouble sort of getting there. They have lagged. They have helped lead during this bull market, if you date it to below 2009. But if you go b
The first half called people to run screaming from the stock market. The second half produced some fabulous gains. Even as we pull back today, the dow dipping 32 points, s p declining, nasdaq actually bucking the trend, advancing marginally. Yes, i phrased it like great expectations. Where was the worst of times and best of times one one quarter. I want to do some teaching here, and not just about english l illustrate t the lesson of this winter despair flosh has a spring of hope. Nor one with no earnings prospects, but a company that historically has hung in there . You almost always get a better chance to sell than into the vortex of panic. That causes so many investors to lose their heads at the worst possible time. Lets start with caterpillar. The giant Machinery Company has had such a hard go of it as of late. At the end of january they reported a loss of 15 cents versus 1. 35 profit the year before, but if you looked unthe hood, they taken a huge restructuring charge. At the time
Thank you for joining us, wednesday, is september 16th. Im pam cook. Im dave clark. Weather and traffic. Steve has already used the r word. Yes. Had to dust that off. You havent used much. Not in a long time. But rain on the way for the north bay. Points south could be iffy, but increasing clouds. In the afternoon, evening, raining in the north bay and raining in lake county. Quarter to maybe three quarters of inch. Points north far less from santa rosa south. But increasing clouds through the day. System isnt on the north coast yet so we have a ways to go. Wind will pick up as well out of the south as the system gets closer. Its not even there yet. We have a ways to go. But its holding together. A lot of 40s, kelsey. 43 this morning. 47 calastoga. Some of the cool air could get trapped with cool air, 60s on the high side. 47 santa rosa, 50s for most. Not much of a breeze yet. But as the system moves in, it picks up. Morning commute fine, evening commute could be tough. Morning fog, lo