In europe, a bloodbath. Major indexes down more than 1 , the dax off almost 2 europesu get economy going again . Mario draghi and the finance minister different answers. Draghi spoke. Wolfgang schaeuble urged governments to keep up budgetary discipline. Cap up the drumbeat on the necessity for budgetary reforms. I do not sounding argument compelling. Microsoft Ceo Satya Nadella ts a do over on a question about women asking for wages. Womena was asked what should do when they feel uncomfortable asking for a raise. He repeated advice believe in the system. Eeted. Ards, nadella tw close gender must pay gap. As ceo of microsoft, he is wellpositioned to do that. Has unveiled an allwheeldrive version of its model as. The new tesla has a radar that can see through fog, plus two motors to better handle snow. Here we go woah. Did you see that. Out, with aound test drive with elon musk, 691 torque. Er, 687 feet of seconds. N 3. 2 musk told her its not all about speed. Can have theou a moreoperat
Coming up, big ackman losing the bid of allergen and over 2 billion on the deal. Thats why the ceo said hes still suing for the back room tactics and valiant hear what was said and if theres moves to close that loophole to engineer a scenario in the first place where he won no matter the outcome. Fascinating story. I mean, just outwitted everybody on that one. Was it ethical . Elon musk warned here that robots may turn on humans. He said it with a straight face. Now, he says it could happen this decade. And by my calculation we have about five years left in this decade. Well tell you why elon is moving up the timetable and look at how real the threat of robots to hubls really is. Yeah. The story yeah. Strange times. Okay. Look, the dow up 16. S p up 2. The nasdaq is a little bit negative and fascinating about the period as they say never short a dull market or what have you, were climbing to newer and newer highs all the while actual volatility in the market at multiyear, sometimes mul
Losing streak to finish on a positive. In the meantime though, more fallout from the swiss currency mess. Now some Retail Investors may be getting hit hard with no safety net. Well explain whats going on and show you how the impact there is much wider than the swiss franc. Oil rallying today but still solidly below 50 a barrel. Though you might not want to get comfortable with that too much. We have chris with us today from moodys. He says he sees oil back at 80 again and soon. What would drive it back to that point . You dont want to miss this interview later on the closing bell. Consider me dubious. I want to hear what he has to say. Nobody thought wed be this low in the first place but thats how markets work. We are up 101 points on the dow in the final hour of trade. The s p bouncing back nicely as well, up 16 points. Back above the 2,000 mark. And that nasdaq take a look. You have similar gains across the s p and nasdaq. The nasdaq adding 37 points. It is the third friday of the m
The fed was very accommodative, and we started to build a housing bubble which we burst in 2008, and now i think arguably in 2013 we may have created or at least started to create another equity bubble that in some areas, perhaps many some real estate markets, is also turning into a bubble. New york city, toronto, we were talking about this at lunch, other urban centers, especially those attractive to foreign buyers are seeing very rapid increases whereas in more rural areas thats not happening. So how do we, how do we respond to this, and what does this tell us about the future . One of the things thats emerged here is that the financial and real estate markets have in the United States and perhaps elsewhere have developed a kind of uncomfortable codependence with the central bank. That is, if markets, especially lets say equity markets in the last several years, are very resilient in the face of threats. We saw this in recent weeks where all the armwringing, handwringing and talk abo
We have been pushing against that ceiling this week. Currencies, yesterday it was the ecb decision that got things moving. The euro is slightly higher at 1. 362. Thats because the euro was so much weaker ahead of the news yesterday. Lets get over to andrew. He has some top corporate head liens for you. Good morning, andrew. Thank you, becky. I dont call these corporate headlines. Its like wall street fine headlines. Bank of america this morning reportedly now in talks to settle mortgage probes. The wall street journal reporting that the bank giant could pay more than are you ready for this, joe . 12 billion with a b. They did robo signing on people that were two years in arrears. To settle with the Justice Department in several states. The probes involve the handling of mortgages before the financial crisis. 5 billion of that number amounts to what is expected to go towards helping home owners in reducing principle amounts and monthly payments. Bank of america and the doj are not comme