To the downside. This chart of oil. We see the plunge. And lets look at the spike we saw a earlier for oil, at the highs of 2 on a very bullish department of energy report, a bigger drag down for Oil Inventory and gasoline than we expected. But look at the plunge near 1. 20 that scarlet told us about them and we are eying a report that says that the shaft needs to drop by possibly around 150 rigs. Traders are not liking that, but stabilizing above zero at least. F the half a percentage point lets hop into the bloomberg and look at what is happening sector wide here. We see energy is now near the bottom, taking a look at some of those movers in the future. The point we want to make here is that first of all, we have already. Wereong ago, financials higher but now all sectors in the s p 500 are trading lower, and on the bottom, those real estate and telecom companies. That is not something we often see. Fluence, the bonds selloff is showing the 10 year yield is spiking higher. Up five ba
To the downside. This chart of oil. We see the plunge. And lets look at the spike we saw a earlier for oil, at the highs of 2 on a very bullish department of energy report, a bigger drag down for Oil Inventory and gasoline than we expected. But look at the plunge near 1. 20 that scarlet told us about them and we are eying a report that says that the shaft needs to drop by possibly around 150 rigs. Traders are not liking that, but stabilizing above zero at least. F the half a percentage point lets hop into the bloomberg and look at what is happening sector wide here. We see energy is now near the bottom, taking a look at some of those movers in the future. The point we want to make here is that first of all, we have already. Wereong ago, financials higher but now all sectors in the s p 500 are trading lower, and on the bottom, those real estate and telecom companies. That is not something we often see. Fluence, the bonds selloff is showing the 10 year yield is spiking higher. Up five ba
To the downside. This chart of oil. We see the plunge. And lets look at the spike we saw a earlier for oil, at the highs of 2 on a very bullish department of energy report, a bigger drag down for Oil Inventory and gasoline than we expected. But look at the plunge near 1. 20 that scarlet told us about them and we are eying a report that says that the shaft needs to drop by possibly around 150 rigs. Traders are not liking that, but stabilizing above zero at least. F the half a percentage point lets hop into the bloomberg and look at what is happening sector wide here. We see energy is now near the bottom, taking a look at some of those movers in the future. The point we want to make here is that first of all, we have already. Wereong ago, financials higher but now all sectors in the s p 500 are trading lower, and on the bottom, those real estate and telecom companies. That is not something we often see. Fluence, the bonds selloff is showing the 10 year yield is spiking higher. Up five ba
With a potential warning despite all time highs bank stocks kick iing off earnis season this morning. Jpmorgan, citigroup, well fargo pnc all in the red as the rest of the market rallied to record highs. Next week, netflix, qualcomm, united health, johnson and johnen, just a that are reporting. Are the banks sending the rest of the market a warning and is this about to look like selling season zm guy . I dont think so yet. Jpmorgans quarter wasnt great, but it wasnt a disaster if youre bearish in jpmorgan, it gave you ammo the reason why in my opinion, it didnt rally and didnt solve that hard is pause all along, weve talked about the metric to lock out with the banks. To me, its priced a tangible boat jpmorgan, tangible book 53. 5 dollar, so its trading close to 1. 8 times tangible book, which is where we thought the banks would top out. Some other banks are not close citi being the biggest example, so, although jpmorgan was disappointing price action wise, i dont think youre going to
The Health Care Bill though seems to be at this point happening on by a thread with growing number of holdouts ahead of the vote next week. We have live update from capitol hill where things stand right now. It has been exactly two years, meantime, since the Iran Nuclear Deal went into effect. What changed between now and then . Well hear from the state department on that. Jpmorgan Ceo Jamie Dimon is fed up with the government gridlock. He is not going to take it anymore says jamie dimon a heated Conference Call this morning and reaction to it, from forbes media chairman, steve forbes. Melissa back to record new highs. Dow with a the third record in a row. Nicole petallides on floor of the new york stock exchange. What is fueling these new records . Everyone is loving it, 401 k s, iras, new records go for it. Up 86 points. What fueled reports on retail sales and inflation. It said the fed may or may not raise those rates at end of the year. It may hold, not raise them. That ultimately