The office . Asking for a friend. Obama actually returned good question bill clinton. The handle comes with the house. Know anyone interested in flotus. President obama picked up his first 1 million followers in a few hours. Ive seen other accounts that hes had. This is the first one at potus. Its cute. What happened in ramada yesterday . The fall of ramada. I saw this last night. I saw quite a bit of news on this. Where is that . Iraq . Iraq and its very close to baghdad. They have them too right . Put that twitter account. Bill clinton and first lady and hilary and all. Yeah. Anyway good morning. Good morning, how are you . Hows wall street . Not very tame. You read my column today. Its still unethical. Lawyers, or madison avenue or government or politics. Anyway. On the front page of the New York Times today they were talking about the revival of wall street. How many private email accounts do you have . How about you . 16. But i got really good stuff going on. Home depots Quarterly
Shutdown which is in its fourth day. The president was to depart tomorrow for a week long four nation tour. And even more chaos in the nations capital. A strange car chase from the white house to capitol hill that left a woman dead and several injured. Well have more on the strange story with aeamon javers later morning. We have no problems. We have drew mattis, mark zandi, were spoiled. We will not take an embarrass the ment of ric. We wont take no for an answer. Hell no, we wont go. Exactly. Its jobs friday, damn. To i have to say this . Twitter tweeting and hash tagging theyre weird. O i ha . Twitter tweeting and hash tagging theyre weird. Do i h . Twitter tweeting and hash tagging theyre weird. Have you ever heard hash tagging before . Is that the number sound . I never know what im doing with that. I think whenever im going to Say Something sar takes tick or you just say hash tag punch line. But no one ever looks it up. Youre just doing it for your open right . Thats true. And it
Right now they suggest the dow would open lower by 20 points. The s p will open lower by 4. And the nasdaq opening lower as well. Who is the big star for the week . You said we have a big star for the week and showed those people. They were on tuesday, wednesday and thursday. Who is the big star of the week . The week ahead. Who is on today for the big star for the week . Michelle carusa cabrera. Oh, got it. I thought that sam zell was on today. And we have the guy from wall street journal. Thats cool. I thought it was the guy who sang that song but thats jerry raferdi. Will you stop for a second. Jerry raferdi on baker street. If you dont let me finish my theres a punchline there. I didnt get it, either. No one did because no one got to hear it. A federal judge refrained from issuing an emergency order that would impart millions of General Motors cars recalled for defective ignition switches linked to 13 deaths. The judge needs more time to study briefs submitted by attorneys for two
Were happy youre back. Me, too. If youre a citigroup shareholder, not happy. Theyll take 1. 2 billion to settle claims. The settlement resolves a significant legacy issue left over from the financial crisis error. Citi will take a related charge of 100 million for the First Quarter. Heres where shareholders are getting unhappy. Citigroup warning invests, after the Federal Reserve rejected the capital plan last month. Tthe wall street journal says the rejection makes it unlikely that citigroup can hit its 2015 goal for return on tangible common equity. The measure is a ratio of profittoequity own by shareholders. Citigroup shares, unchanged in after hours, 46. 55 is the number. In related news when it comes to the Federal Reserve, this could impact citi in some way, the Federal Reserve giving banks more time to divest collateralized Loan Obligations that fall under the volcker rule. The fed said banks will have until july 21st, 2017 to shed those funds which pull together risky loans. C
Carl icahn made comments about apple also. He said im not interested in having a fight with apple but also not interested in walking away. Translation, there will be a fight. The nasdaq down 37 points. Apple, one of the reason. Down about a percent on the session. 3949 on nasdaq. S p 500 pulling back from the alltime high reached on friday to 1791. What a way to start the week. Milestone for dow. Close to milestone for s p 500. Only to see them slip away in the final hour. Dow closing at another record nonetheless. Bob pisani blame it on carl icahn . Yeah, a good part of it. One of the issues when markets are at historic highs, market names can move things. Two market things moved things. Mr. Icahn, cautious on equities. That cost 70 points in the dow. The bigger damage was in the high beta names. Take a look, Linkedin Facebook zillow. Ron was talking about social media. Another group thats got a lot of momentum this year not necessarily high beta but the oil names, e p names have had