Here. Its almost a recalibration. Jobs day is never the first of the month. Vonnie its almost like they are at the beginning of the quarter talking about a rate hike in april. As the fed meeting in april . I will have to get up to speed on it. Week to,news of the heres vonnie quinn. Vonnie an offshoot of the taliban is responsible for a suicide bombing in pakistan that wounded0 people and 300. Many were christians celebrating easter. Syrian forces have an important victory over isis. They have overtaken and agent city of palmyra. First video shows they destroyed many of the statues and monuments. A dozen raids had across the country. Nine people detained. Demonstrators marched near a shrine to victims of last weeks attacks. They carried an antiislamic state banner. The former head of the cia says it would hurt the fight against terrorism. Exit bragsaid exit would damage the ability to fight terrorism. Bernie sanders wants to debate Hillary Clinton on her own turf. He says he has seized
Revenue growth. And the s p, as we said, now red for 2016, as the markets are closed tomorrow. First up, some new developments this morning regarding the brussels terror attacks. Our chief International Correspondent, Michelle Carusocabrera, is live in the belgian capital. Michelle, good morning. Reporter good morning, carl. New political ramifications in the wake of tuesdays attack. In the last few minutes, belgian media reporting that the Justice Minister and interior minister tendered their resignation, but the Prime Minister refused. Of course, theres been lots of recriminations and questions of why this attack happened when, clearly, the city was already under alert based on what had happened as a result of the paris attacks and the search for Salah Abdeslam. While the Investigation Continues into what happened on tuesday, the justice process is ongoing. The lawyer for Salah Abdeslam was in court this morning for a Pretrial Hearing that eventually got delayed, but he did speak wit
The dax down by about a third of 1 after setting a fresh 2016 high just yesterday. Futures firm, dell futures up about 10 points. Switch up the board quickly. Dollaryen is up the most. That is a weaker japanese yen on a bloomberg report that the boj may offer banks loans with a negative rate. Should that have a fundamental impact on the fx market . We will discuss that later on. Crude keeps keeping crude keeps creeping higher. Shares in alphabet definitely at the top of my list today. Biggest loser after posted earnings that fell short of analyst estimates. Profit margins can be pressured by higher cost for mobile phone customers. They are more costly to get. Dramatic Advertising Technology that is more costly to google to use, or it had lower margins. Alphabet shares, not including todays trop because it has not opened yet, but over the last two weeks they are up 40 . Microsoft has had a big run but disappointed on earnings for the First Quarter and has had sales in the Current Quarte
Speaking out after abandoning his potential mega deal with allergan, calling out the treasury in an op ed. And jeff immelt taking on Bernie Sanders in an op ed of his own, saying we create wealth and jobs instead of just calling for them in speeches. Lets take dimon first. Jpmorgans jamie dimon warning increased volatility is likely to stay. He writes, the good news is that the system is resilient enough to handle the volatility. The bad news is that we dont completely understand why this is happening. Dimon discussed the banks healthy Balance Sheet, showed some disappointment in the Stock Performance compared to the benchmark over the past decade on the heels of that journal op ed the other day. Look, he talks about what the Balance Sheet really means. Best line in the letter was, you can see in the table below that Jpmorgan Chase alone has enough loss absorbing resources to bear all the losses assumed by the 31 largest banks in the u. S. Thats the good news. Bad news, you know there
Inflated. The market had started to deflate, but then he said it went back up again. Usually thats a bad sign. Thats a sign of things to come, end quote. On a day when the market drifted down slowly but surely, dow sinking 53 points, nasdaq dropping 0. 46 , its worth pondering mr. Trumps fuse, whatever your political orientation. It makes sense on many different levels, and the conclusions, you know what, theyre arguably right, at least for a Certain Group of People Living in certain places, namely, rich People Living in expensive places. First, we have to admit that the stock markets had a fabulous run since the bottom seven years ago. People have made huge amounts of money if they invested at the generational low, or if you held on at the meltdown and didnt own the hart rd hardhit financials. You did terrifically. So, is there a bubble . Well, if youre living in new york City Real Estate it feels like a bubble, particularly in manhattan, where properties could easily sell for four or