Cornell. This is the first time well talk to him since last weekends events where so many cash registers were shut down and Stores Across the country. Also well talk about what the consumer is doing now because last august when we talked to brian he said he had never seen a better retail environment. Also as you can see, former secretary of state, condoleezza rigs will be joining us and g e given the incidents last week in the straits of hormuz with the tanker attacks, well talk to her about what this means. Joe, i know youve been watching the markets closely. I am watching that sun come up beautiful. Youre on the 18th thats the green behind you. Condi will tee it up, i have no doubt. She is pretty good shes a fantastic golfer. But, yes a lot happening here its nice to be on a golf course where the sun is coming up as we start the show youre a midwest type you know i am. You travel the midwest. You see the country. You see what other people not only that, my best friend from when i was
Energy is the real driver with crude oil up. E an impressive day after what appeared to be a little bit of a stall in the rally. Alix it was. Chevron was the best performer on the doubt, adding 15 points. Exxon adding seven points. A big leader there. In terms of individual stocks, i did want to highlight the threeday intraday chart of chesapeake. It basically pledged everything but the shirt off its back to secure 4 billion dollars in loans until december, 2017. You can see a 60 rally in shares over two days. That is the biggest rally this stock has seen, at its highest level since november. Uniqueam looking at a measure they have in germany. Its the average bond yield across the entire curve. The first time yesterday, it actually hit 0. 0. That means it costs germany nothing to borrow. It bumped up a little today to zero point 06, but getting a lot of attention, the german bond 0. 06, the getting a lot of attention, the german bond yield close to nothing. Scarlet i am looking at a sl
Will get 300 million from jpmorgan and the remaining will be split between the securities and Exchange Commission and the uks conduct authority. We do not know whether jpmorgan has admitted wrong doing. The firm has said there were errors in its oversight and loopholes to allow that trade to happen and get as big as it did and to cause the steepness in losses that it did. But we havent seen a formal admission of guilt to a regulator. That is expected, if it does happen, to come in the release from the securities and Exchange Commission, which we have not seen hit the wires yet. But this is a coordinated settlement with all of those four regulators, 920 million in fines. There are a lot of allegations outstanding at the department of justice and cfdc and reported criminal investigations ongoing as well. Certainly this is a major milestone for jpmorgan in set e settling these issues but theres a long way to go. Kayla tausche, thank you very much. Kayla mentions the number of agencies tha
Melissa so money is one of the thing on everybodys mind as a terrible violence in egypt continues and the deadfall rises. Lawmakers and experts believe now is the time to cut off all aid to the country. The congressman peter king does not agree. I spoke to him why he says we should send billions of dollars despite what some are calling a massacre. Why do you believe that, why do you think we should continue to send aid . There are no easy decisions. I want to make that clear up front. As far as the National Interest is concerned, we have a better opportunity to deal with the military then we would the Muslim Brotherhood going forward. It is import for us the suez canal be kept open. That islamist jihad is a not be allowed to take root in egypt and we have the best chance of achieving that through the military. We saw what happened under the Muslim Brotherhood, so by keeping the aide, enables us to get intelligence from the military and longterm more chance of making progress with the m
Probe while julius baer beats forecasts. And no turning back. Japanese Prime Minister shinzo abe promises to forge ahead with Economic Reforms after a bid for his Ruling Coalition. Youre watching worldwide exchange, bringing you Business News from around the globe. Welcome to the show, everyone. Ross is still feeling under the weather, so you get me today. Lets take a look at the markets. The s p 500 hitting a new record at the end of last week. So whats next for u. S. Markets . Well hear from one analyst who says we could retest 1,600. Find out why at 1100 cet. And forget asuring a countr health by its assets . Tune in to find out how china could overtake the u. S. As the worlds wealthiest built asset nation by as early as 2014. And mcdonalds reports earnings before the bell later today. So will investors be left satisfied for hungry for bigger profits . We head stateside for a preview at 11 30 cet. And late surge, four birdies and six holes saw Phil Mickelson win the british open, bu