For you nestors Restoration Hardware is coming after the bell. Lets do a data check. Interesting market. Futures up 5. The yield moved lower over the last 24 hours. Dollar, weaker at 1. 37. Crude back to 100 and barrel. Finally weakens today after a good 6, 7day bout of strength. The yen was stronger earlier, it has given up back. Look at gold, under 1300. Look at the gold chart. Heres the surge in gold. The big rollover from june 2012. This is 1400. Here was the bull dash. People getting feverish about gold. We just bounced right off that. And curious that gold could not get up through that area up. As the vix was pushing you look at gold, and clearly, not the case. Three or four tough days for gold. We have scoured the newspapers and the web for what is important for your front page. First frontpage story is citigroup. The bank failed the Federal Reserve stress test for second time in three years because of concerns about the quality of their process. What does that mean . That meets
Finally, a breakfast taco talk about making an offering at the altar of fast food. We are kicking it off with what everyone is talking about today and it is summed up with one word failed. Failed. Failed. Failing is a part of business and part of life, but when it comes to stress tests at the Federal Reserve instituted on big banks after the financial crisis, failing this go round is a big deal. Tocitigroup ask the fed return capital to shareholders, more capital to shareholders, an increase in its dividend, currently a penny or larger buyback. Citigroup was rejected by the fed on a qualitative basis. Quantitative, numbersbased analysis of banks finances, and others qualitative , analysis which considers things like internal controls and corporate governance. It was on that basis that citigroup failed and as a result, it cannot increase it evident nor cannot buyback more stock. 29 of the 30 banks did not pass and the one that did was very close. There are these more subjective factors,
Paribas, and considering slavering slapping charges. Plus, professional boxer, Floyd Mayweather junior, currently undefeated World Champion repairing for a fight this weekend. Also throwing his hat in the ring with Oprah Winfrey to compete to buy the l. A. Clippers. Do we want to buy the clippers . Yes, we do. There he interested in buying the clippers. We will keep them right where they are at. We will have all of that ahead. Getting to the market right here. Gocks were watching as we into the close. Julie hyman keeping an eye on them. Avon shares declining sharply. Million. Will pay 130 5 million for a justice criminal Department Investigation and noncriminal investigation, similar investigation. The company reporting a wider firstquarter loss as sales fell in all of the regions. We have been watching a lot of pharmaceutical deals recently. A Company Called Merrimack Pharmaceuticals reported in a study that patients treated with the experimental cramp cancer longereated lived than th
Worry about the public sentiment. He was just determined to do what was right. And i do think that we had housing we could spend a lot of time talking about housing and finance. Wasnt able to come up with a way to limit the amount of foreclose euros, although i do think that fannie and freddie did more than anything else that was done. I regret that. It eluded the Obama Administration also. But i think the level of as i look back at it now, despite some of the angst i felt in that transition, as i look back at it now, the policy continuity was extraordinary because president obama picked tim geithner, ben bernanke was still there. Barney was still there. Chris dodd was still there. Picked tim geithner. The capital stabilization programs need it. They had the programs they needed in place when they got there. They manageled him well. There was pressure no doubt there was pressure. Because theres president from the place to get rid of what the other guys had just did. Just disallow it. B
The countrys next president we dont have conditions to help another ten days. As the eu agrees to lead to billions to kiev. Many people in the long run not happy with brussels decision to open the member state the first day of the Paralympic Games in sochi wraps up with phenomenal results from the host nation russian athletes. Topping the medal count with well including four golds. The but you cannot direct from our studios in most of the desert him sometimes id be with us now some of the russian journalists have been barred from entering the Eastern Ukraine which moscow says amounts to censorship by the self imposed government and yet assembled press crews were stopped at the airports and on yet. The city where thousands are protesting against the interim leadership he said peter oliver managed to make it there for us. I flew into done yet. Tsk earlier on the tuesday all and know that i was a long sunny day the american colleague of mine from the head the off season of league news age