[inaudible conversations] good afternoon everyone. Id like to welcome you to this afternoons session of the washington history seminar, and for those of you who dont know the seminar is a joint project of the Woodrow Wilson Centers History and Public Policy program and the american Historical Associations National history center. My name is Eric Arn Ericsson from George Washington university, and i am the cochair of this seminar. As is our custom, i want to thank two people whose behindthescenes efforts makes this seminar possible on a weekly basis amanda no moniz and pete [inaudible] i would also like to express thanks to the society of historians of Foreign Relations whose generous financial contributions support this seminars activities. Todays speaker is Bartholomew Sparrow who is a professor of government at the university of texasment he is the author of multiple works including from the outside in world war ii and the american state, the insular cases and the emergence of the am
Nikkei. Overnight in asia not good. 2 drop wrapping up what is the worst week in three years. Of course concern about china in terms of exports or lack thereof. A look at europe where we also are going to see a good amount of weakness. The follow through as you might expect from here yesterday, a day in which we saw the s p down almost 2 and the nasdaq nasdaq down 3 . Lot more than that. Yeah. Lets get to our road map this morning as you might imagine. Does start with that meltdown if you want to call it that in the markets. Stocks slide around the world. You just saw. Is this the start of a correction . The tip of the spear, jpmorgan profits disappointing. Jamie dimon confident in the american recovery. How will the banks weak results drag on the market and other financials. The flip side wells fargo profits up 14 and those shares are rising. Another bad month for sales at gap. Gap discloses a 6 drop in march samestore sales after a disappointing february. Gross margins taking a hit.
The s p down 2. The s p 1848 to stay in the green for the year. Im gonna point out, like you did the russell, again, significant, right . The people who are watching the market closest keep points to the fact that the russell has been able to get positive and outperform the s p thats a critical sign. Transport, the russell a he is on pace for its first winning week i believe in seven. The transports performing well, too, two key symbols to keep an eye on, try to figure out where the markets are going. Joining the closing bell exchange, Diane Garrick is here from clear alternatives, darryl crom from wells fargo, bob kaiser, Kenny Polcari from oneil securities and our own rick santelli. Welcome, one and all. Kenny, what about the activity today . In this down we are seeing now what do you think that is about . Very normal considering where we have been and the action we have had of late, right . The mark lets some violent selloffs the last couple of days. We have tested a new low down at
Bodyguard raided his office. We have all that breaking news breaking this hour. Lets go outfront. And good evening, im erin burnett. Outfront tonight, the breaking news. Bob muellers special counsels Office Asking to delay the sentencing of the president s former National Security advisor, Michael Flynn. Muellers team in court saying based on the special kocounsel investigation, they need more time. Flynn is a key figure and someone who is cooperating with the special counsel. This news comes as questions grow over who released the surprising list of more than 40 questions that mueller reportedly wants to ask the president of the United States. Five of those questions about flynn. Now, the list of 49 was leaked to the New York Times, the president calling the leak disgraceful. Hmm. Well, then who did it . Well, the New York Times reporter who received the questions seems to suggest it was team trump. What muellers investigators did is they had the president s lawyers come over to the s