Banks have a message for the biggest customers. Pay take your money elsewhere or pay up. Some deposits are less profitable. Jpmorgan, citibank, others will start charging on fees that were free before. Those include hedge funds. Section is after Bernie Madoff admitted to bedding the biggest ponzi scheme ever, his lieutenants will learn their fate starting today. They made millions while helping 18 millionh his scheme. Made off is in prison for the rest of his life. Will fever is hitting new york. , wheree and duchess women kate, are here. Then i meet the first lady of new york and see a basketball game. Receptionattend a with Hillary Clinton. Prince william will go to washington to meet with the president. ,hey had dinner last night supposedly recorded by the new york post. Extra day . How much was it . Of 2000 per plate. This was according to a surveillance reporter at the new york post. Baby george. Ing he is at home with grandma. Bugaboo bring baby george . I heard they wanted him t
Finish off a real nasty week, you notice the dow is now negative for the year. We deserve a break after the last five days. What i regard as a rolling bear market from minerals to industrials, to oil and gas and today, the semiconductors and amazingly, we get it money because its columbus day, were going to get a break. A day where Companies Know better than to say anything other than columbus sailed the ocean blue in 1492. Given the relative proximity to the s p 5001,196 closing level, even that could be frout with the pain of previous octobers. The market is a bundle of nerves right now. Were going to get a heap of things the bulls need to see happen this weekend, well slice through levels that were unthinkable three weeks ago when alibaba became public. It seems to be the demarkation point for pain we felt since. What could help turn the market around . Any sign that the stalemate over ukraine between germany and russia is coming to an end would help. No new outbreaks of ebola would
U. S. Equities and we are at this point at this moment the dows down about 3. 3 from its most recent peak. The nasdaq the russell, the s p all down a like amount right now. Lots of key levels to watch today. The fact below 50 in wti crude, some of whats happening in the rate space and waiting to talk about that but again were starting off the year in a trading session that people love to extrapolate for moves from here on a weak note. It goes without saying this final hour will be very instructive. Do they start to buy on the dips . They havent yet. Or do we get even more selling come into the picture in this final hour . As mentioned, as we get into this final hour underway here the dow off 340. Nasdaq off 1. 7 . The s p off almost 2 and biggest decliners in the dow are energy names and also the financials. Theyre also a Big Industrial name like caterpillar and a lot of other companies with international exposure. Last we checked two components of the dow are positive. Merck and cocac
Grew at a stronger clip than we originally thought. Companies are investing, consumers are spending. Over the past four years our businesses have created 10 million new jobs so there are reasons to feel good about the direction we are headed. Stuart lets start with the money angle. Mary kissel with the wall street journal Editorial Board. What a disconnected between what the president spins on the economy and how we the people feel about the economy. Here is my question. Do you think the president really believes his spin . No i dont. Our wages are not going up. Food prices are rising, Health Care Costs are rising, we are getting taxed to death. The average american is experiencing none of this supposed growth a president is trying to promote. Cbo report that came out yesterday that he was talking about didnt help his case either. Cbs a 1. 5 . Stuart that was the growth rate. 1. 5 . Stuart i want to have this number out there. This is a pew research poll. In 2008 they setup you middlec
Have contacted the engineer and he has agreed to be interviewed by the ntsb. We look forward to that opportunity. We will be meeting with him in the next two days. Vonnie the engineers lawyer told abc news that he suffered a concussion in the crash, that he was not under the influence of drugs or alcohol and was not using his cell phone. The u. S. Marines have confirmed the wreckage of the missing helicopter that disappeared earlier this week on an earthquake relief mission. Three bodies were found near the crash, and Officials Say it is unlikely anyone survived or it the chopper carried six marines and two nepalese soldiers. At least one of those marines were shown delivering food and other survived and other supplies to earthquake victims earlier this week. President obama is saying with iran we have got your back. The president promised to defend the gulf nations against external attack and what is called destabilizing behavior from iran. President obama we have to ensure that our p