Street warnings. Citigroup joins jpmorgan in slacking a downturn as Global Sentiment takes a hit. Manus are we all on our way to 2 . Its a most like a shakespearean drama. We cant turn back. 2. 75 . Ld retrace the we have priced ourselves on most oblivion on the probability of a rate cut. The didnt show up last night for the sevenyear option which could be the bond market sending the signal back to the market. A lousy bond auction was almost a welcome reprieve. James gorman says he will meet hard data, hard facts for the fed to move. Lets have a look at some of the other at risk markets. , 25 basis point cut on that market next week. The dollar is slipping this morning. They cut their target on the aussie to 65 from 70. You will see 1 by the end of the year. The dollar index, we are off of a fivemonth high. The risk is a major escalation. We could trip over ourselves between china and the u. S. Into a real escalation. That is the risk we must fend off. Nejra theres a fair amount of glo
Well, although yes its true. My background is in securities law. I started on wall street and then became a curious class actions were that has little to do with my origin as a human being. I am the child of 2 greek immigrants, neither of whom had a high school education, who came from greece in the aftermath of the 2nd world war and the civil war in greece in the 1950s. So i have very humble origins and i have never forgotten that by the time i had practiced law for 25 years, i was economically secure. And i felt enormously grateful for that fact. And i had to think hard about how i could compensate or give back for my extraordinary good fortune. And so i became an activist, a journalist, i dont do that as a living. Its more passion. And when this war erupted, and i became absolutely convinced that this was the most, and i hope im wrong, that this is the most dangerous. I think humanity is ever confronted, not just because of the war, but because of the context in which this is happen
American express reports earnings after the bell, but critics say perks are not what they used to be and it is weighing on the dao component. We have a debate on it. How much the credit card craze is happening amongst millennials. Intense, yes. Thats ahead. We begin with ibms fall after reporting its 20th consecutive quarter of year on year revenue decline. The company cfo discussed that when we spoke to him after those results. That 20 quarter headline is probably not the framing that were thinking about. Were thinking about how do we continue to move the business and our clients to get to growth. Now, the portfolio, the portfolio will grow. I am confident that the ibm company will grow again, but it is taking you know, were taking time. Our baub pisani over by the trading post with more. It is weighing on the market today, bob . Great. Good to see you. Theres a new risk to the market and thats earnings risk. We havent had it before. Let me show you ibm. They normally do four million
Bump in the road. Has accusations of bias as a valid to change the way stories are trending. Follow me on twitter. That is my handle. Ere as use that hashtag th well. Hong kong getting underway in about 30 minutes. Singapore and Malaysia Online as we speak. Lets have a look at what is going on. Fed speaks, that is when the market reacts. That is being reflected in the early asian session. Singapore, malaysia, and taiwan coming online. Take a look at taiwan. About up we are off by. 25 . The biggest move in nine months on the account of heavy buying into some of these tech stocks. We are seeing some of those names giving back gains today. There was the story of potential demand for the new iphone coming through and the impact on the taiwanese iphone suppliers as well. Elsewhere across the region, the tradingown by. 7 as gets underway. That is weighing on exporters, consumer names, retailers. In particular, automakers and electronics names giving up gains today. Selling coming through fro
Think about the fact that the average employee at the department of education makes 103,000 per year and the average teacher makes 50,000. People keep telling we have a money problem in education. I think we have a priority problem. We are supposed to spend 700 billion annually on education. We can do better. We should demand better. The second part of the choice act, kids with special needs deserve to maximize their individual potential. Everyone in america deserves to understand their own potential. What we say is that if you cannot get in the education your child needs in your zip code, you should make the idea portable just like we have School Choice for honor roll kids, we should allow the same thing for kids with special needs. A great story is a young lady, at the time she was five years old and going to kindergarten and she had down syndrome, rachel lewis. Doing pretty well in mainstream classes. The teachers got uncomfortable with her being with other students and tried to pus