Not as strong as it was. And the big loser, leading investor in the u. K. His Flagship Company taking o big hit in the last two days. Follow me on twitter. Trending business. We have taiwan, singapore, kuala lumpur coming online. This is the storm after yesterdays calm. David that is what we are seeing. Asia is rejoining the global south. Cell. This is what we are seeing across the asiapacific. Trade down over 1 , the is short in equities. Highyield inil, currencies. If you go long on gold, you go on sovereign bonds. One hour in, we are looking at over 100 billion in market caps, since the open in tokyo. As far as the biggest decliners, take your pick. We are watching financials very closely, following the cell off selloff. Lets look at the damage across different sectors of financials. We had a line coming through on the terminal. You look at the prices from we are looking at the cost to ensure. Off a couple of basis points depending on which country are looking at. That adds to the c
Department seeks 10 billion from bnp paribas over allegations it evaded u. S. Sanctions against iran and other countries. Southwest airlines is fined 200,000 for advertising cheap seats that did not exist. Forbes reports microsoft is working on a smartwatch that is also a heart monitor. And the la times reports former microsoft coceo steve balmer has offered to buy the la clippers for 1. 8 billion dollars. Trader bob iaccino of tethys partners steps in now for an early look at the market. Bob we are at the end of may. How is today likely to play out . Well well probably play out with a little bit of selling but that something you have to take with a grain of salt. Everybody knows the sell in may and go away phrase. It doesnt work in a bull market. If you track it historically and if everybody agrees were in a bull market which i dont see how you can at this point disagree with that it doesnt work. So sell in may and go way that will affect some people toward the end of the month, but y
Back to the floor of the New York Stock Exchange and Nicole Petallides. So far we are on track for our Third Straight session of gains but mecca has been looking good for the bulls. Right now the Dow Jones Industrial average holding on to a gain of just over 67 points. Up 127 points. We have lost some of the earlier gains. We are still seeing the dow up about and a half of 1 percent, and the s p 500 up onethird of 1 . Tech is not doing well. Investors are seeing the nasdaq has moved into the red come into negative territory. Names like intel, microsoft and the hewlettpackard weighing on the del down. Lets take a look at some names that are hitting alltime highs and record highs. It is worth noting, some 52week highs. The dow component, despite obviously the bigger splash. This trace Sales Numbers, best buy in the green, up almost 2 . Some positive comments over the weekend saying that they will do well as obamacare gets rolled out, but there then names like aetna and macys, up 2 . Doll
Gerri after a public firestorm, Tim Armstrong apologizes for his distressed baby common and will reverse the cuts to 401k accounts. His comments are resonated. Resonating in workplaces all over the country. His problems may just be beginning. With me now is bill from ken who specializes in these work faith issues. So he is saying we are going to dialback the 401k benefits. It is really the fault of two moms that had babies that were distressed. Those that had problems that were very expensive. What is really distressing is that you have this that people are really hitting the health plan and the pouring where you have to cut benefits and another type of plan, which is a pension plan or a retirement plan, which is more complicated in terms of those responsibilities. The most important thing is that employees are protected from being retaliated against. Gerri apparently you cant do anything to retaliate against an employee for using their benefits. Is that right . That is right hipaa dea