Branch with a colossal fine. I told you it was unlikely that deutsch bank would go under. Still we were bombarded by calls that this was the next lehman brothers, wall street code for its the end of the world as we know it. So today when we learned that the Justice Department might be on the verge of settling with deutsch bank for a substantially less amount, for just 5. 4 billion, basically what the bank had already set aside to deal with its legal costs, that took the arm ageden scenario off the table and the market roared higher, dow rocketing 165 points, s p soaring 1. 8 , nasdaq pole vaulting 1. 8 . Thats as good a place to start our game plan as were going to find. On monday hopefully the Justice Department and deutsch bank will agree to a settlement that doesnt exceed the 5 billion to 6 billion that deutsch bank has set aside for it. If thats the case, we should come into mondays session with a nice wind at orbacks. More later about how things really work behind the scenes in th
Brothers, wall street code for its the end of the world as we know it. So today when we learned that the Justice Department might be on the verge of settling with deutsch bank for a substantially less amount, for just 5. 4 billion, basically what the bank had already set aside to deal with its legal costs, that took the armageddon scenario off the table and the market roared higher, dow rocketing 165 points, s p soaring 1. 8 , nasdaq pole vaulting 1. 8 . Thats as good a place to start our game plan as were going to find. On monday hopefully the Justice Department and deutsch bank will agree to a settlement that doesnt exceed the 5 billion to 6 billion that deutsch bank has set aside for it. If thats the case, we should come into mondays session with a nice wind at our backs. More later about how things really work behind the scenes in these kinds of things. I think you should hang around. I think youll like it. For now lets just say a deal would be immensely positive giving the huge nu
Brothers, wall street code for its the end of the world as we know it. So today when we learned that the Justice Department might be on the verge of settling with deutsch bank for a substantially less amount, for just 5. 4 billion, basically what the bank had already set aside to deal with its legal costs, that took the armageddon scenario off the table and the market roared higher, dow rocketing 165 points, s p soaring 1. 8 , nasdaq pole vaulting 1. 8 . Thats as good a place tar find. On monday hopefully the Justice Department and deutsch bank will agree to a settlement that doesnt exceed the 5 billion to 6 billion that deutsch bank has set aside for it. If thats the case, we should come into mondays session with a nice wind at our backs. More later about how things really work behind the scenes in these kinds of things. I think you should hang around. I think youll like it. For now lets just say a deal would be immensely positive giving the huge number of hedge funds that are short t
We have a little bit of data in the eurozone. And happy Lehman Brothers anniversary. Withit is a look forward mark carneys bank of england, 7 00 a. M. Wall street time. It will be an interesting six days. Francine you are right. The 20the morning of first of september. The fed in the evening of the 21st of september, in england. It will be difficult for the boj to preempt that. We are getting cpi for august, 0. 1 . We will get the euro chart up, but it is as expected. What we saw was better than expected retail sales in the u. K. Sebastian the government signed proposal to build Nuclear Reactors were 24 billion dollars in southwest england. In july, Prime Minister may decided to review the project. Keeping its ultraloose negative Interest Rate on hold, this was National Bank left a record low. 75 . The brexit vote clouded its view of the global economy. China issued its highest door morning as a typhoon a landfall. Heavy rain battered a city. The storm was expected to weaken inland. Th
Central banks. We will hear from the Federal Reserve and the bank of japan. We have declines ahead of the verys meetings. Major averages off the highs of the session. The dow and the s p faring better. The nasdaq is underperforming the other major averages. We got one small data point. That was the National Association of Home Builders housing cant insert index. Thats giving some fuel to homebuilding stocks today. We are seeing the homebuilders etf game in the session. 1. 5 . Thats one of the better performing groups we are watching. We are also watching the aftermath of those bombings over the weekend. A suspect has been apprehended. We are watching a couple of groups in relation to that. The various gun and weapons makers tend to react in the wake of various kinds of attack. We are seeing strength in the gun makers today like smith wesson. How does this affect Consumer Behavior or how is it perceived to affect Consumer Behavior . Restaurant structs trading lower today. Seeing the lit