Lets get right to it because the job shocker. Shares of banks plummeting. If a rate hike is off the table, will we see more pain from the financials . We kick it off with the chart master. Carter, what do you say . I think you have to assume that not only does it take the hikes off the table, but it maybe pushes them back indefinitely. The price action in the banks is terrible. Its the second biggest sector by weight. We know its been lagging only to be eclipsed by health care in the worst yeartodate. Its a problem, no way around it. Weve spoken repeatedly about the financials look so cheap. Of course, one of the things people often say is that when youre looking at cyclical stocks, i guess financials are now cyclical stocks, they usually look cheapest right before the other shoe drops. Thats the reason. The market anticipating it. Im actually a little bit surprised with the data we saw today. I thought we would get better data than that. I still think theres an off chance we will get
In the equity markets on this side of the ocean, you can see the european markets as well have steadied to say the least but thats about it. After again a nice twoday rally there, although that ftse, a lot of people saying thats not the one to look at. Yeah, its back to where it was before brexit but thats because most of it is international exposure, not necessarily exposure to domestic uk. Lets get to our road map this morning. It does start with a big day on wall street. Its the end of the first half of the year. Weve got a look at the winners and losers and whos poised for perhaps a pop in the second half of the year. Lions gate buys starz, 4. 4 billion in cash and stock. I will give you the detailtss on how the deal came down and what it means for the companies and industry overall. The results are in, we will have a look at the Bank Stress Tests and what it tells us about the strength of the sector. We are heading into the final trading day of the Second Quarter and the first hal
Nightly business. Good evening and welcome. Sue is off tonight. Hundreds of flights cancelled. Thousands more delayed. Thats not what an airline wants in the middle of the Summer Travel season. Thats exactly what happened today to delta. A power outage in atlanta where delta is based triggered a worldwide computer outage grounding flielgts for six hours. Tens of thousands of passengers were marooned. Nothing worked. There was no checkin system, no updated airport screens. Even the website was affected. Boarding passes, such as they were written, had to be written by hand. The chaos pressured the second largest airlines, the latest in a string of challenges facing the travel industry this summer. It started in may with the long snails paced security lines. Now terror, zika fears could be taking a toll. Susan lee has more on deltas massive delay. All delta flights worldwide were grounded for hours after an Early Morning power outage in atlanta crashed the global systems. Hundreds of flig
Nightly business. Good evening and welcome. Sue is off tonight. Hundreds of flights cancelled. Thousands more delayed. Thats not what an airline wants in the middle of the Summer Travel season. Thats exactly what happened today to delta. A power outage in atlanta where delta is based triggered a worldwide computer outage grounding flielgts for six hours. Tens of thousands of passengers were marooned. Nothing worked. There was no checkin system, no updated airport screens. Even the website was affected. Boarding passes, such as they were written, had to be written by hand. The chaos pressured the second largest airlines, the latest in a string of challenges facing the travel industry this summer. It started in may with the long snails paced security lines. Now terror, zika fears could be taking a toll. Susan lee has more on deltas massive delay. All delta flights worldwide were grounded for hours after an Early Morning power outage in atlanta crashed the global systems. Hundreds of flig
Nightly business. Good evening and welcome. Sue is off tonight. Hundreds of flights cancelled. Thousands more delayed. Thats not what an airline wants in the middle of the Summer Travel season. Thats exactly what happened today to delta. A power outage in atlanta where delta is based triggered a worldwide computer outage grounding flielgts for six hours. Tens of thousands of passengers were marooned. Nothing worked. There was no checkin system, no updated airport screens. Even the website was affected. Boarding passes, such as they were written, had to be written by hand. The chaos pressured the second largest airlines, the latest in a string of challenges facing the travel industry this summer. It started in may with the long snails paced security lines. Now terror, zika fears could be taking a toll. Susan lee has more on deltas massive delay. All delta flights worldwide were grounded for hours after an Early Morning power outage in atlanta crashed the global systems. Hundreds of flig