Ameritrade becky quick will join us in a few moments. A lot of conversations about what we think the brokerage business is now with zero commissions, how it leads to Advisory Services and implications around Financial Services. It is best performing stock in the s p, e trade the word speaks to the fact theres expectation of more consolidation. What it means for tech startups, names like robin hood and names out there, brought in disruption, now being given a run for their money. I dont know why e trade is the word in terms of more consolidation. You would think thats a big plump turkey ready to be stuffed. I think the market expected that name to be first to be taken out. Often times when these things happen, the next one ends up getting bit up thinking back 20 years to when e trade was robinhood. They were the new kid on the block, shaking up the way the others were operating. Now were in interesting space where little companies are having an impact, but the older companies, your fide
Network. Maybe a little jazz with mr. Parsons. Basketball, wind, jazz, who has got a better day than dick parsons . Erik that is what is ahead. Let us look at what is making headlines right now. Heres our news in focus. China and russia have strengthened the energy ties. The two sides have increased their guess applies from siberia to china. The peoples bank of china use it as the Central Bank Cuts it rate by 20 basis points. North korea says it has successfully tested a submarine launched ballistic missile. Yesterday, pyongyang threatened to attack the south korean warship. And plunged the 17 on one day of treads. The early forecast had a climate. The avengers are still winning the battle at the box office for second straight weekend, raking in more than 77 million. Stephanie i didnt see the avengers this weekend. Erik i did. Stephanie and . Erik mmm. Stephanie you dont have to like it. The teams who are seeing it are going to get the games and the lunchboxes and that is how bob iger
The italian market on reports that an offer for a merger was turned down. And iraq gains ground from isis. The situation have never reached this point. The whole of iraq should be a red line. Isis should not be able to take it over. This is the new strategy and the International Coalition should follow in the region. Greece has warned once again that it could default on its debts. The countrys interior minister says athens does not have enough money to pay loans due to the imf in june. Unless a deal is made on its International Creditors on funding. Speaking on local it television the money wont be given because its not there to give. Lets have a look at the greek yield curve as we look at things this morning and we are looking once again at yields slightly elevated, the tenyear 11. 4 and the five 16. 5 and two year, 24 . Mean while, the countrys finance minister has insisted greece has taken huge steps forward in trying to reach a deal with its creditors. Greece has made enormous stri
Revise Financial Aid today. It comes after they will not be able to make their payment by june 5. Yanis varoufakis has blamed creditors demand for more austerity for the lack of progress. Saying their guard government will not accept a cure. In a moment we go live to our international correspondent. Lets get the latest in athens. What is the state of bailout talks . It is another groundhog day in the greek crisis saga. The socalled brasses group have resumed talks today. The significant differences remain in areas including sales overhaul, labor market reform, and targets as the greek spokesman explained yesterday. The impasse continues for the fifth month. There are only five weeks left of the bailout. It reminds viewers at the end of next month, they extension that greece got in february for its bailout expires. After this, they will have no financing whatsoever. In this. , greece could strike a deal with creditors, have this deal approved by parliament and then lay the fine foundati
Shenzhen composite is up more than 100 just this year a doubling. Take a look at that. Is this the place to be for growth or is china becoming a dangerous bubble ready to pop . Well talk to a couple of guests about that. Is this the chinese 1990s right now theyre going through . Plus the return of the cable king himself, john malone behind the 55 57 79 billion charter Time Warner Cable deal could this move drive more companies to merge in that industry . Well be talking about that in a little while. Its amazing. Hes back. He was very patient. He laid back. They made that initial offer for Time Warner Cable a couple years ago and comcast outbid them but now he got it after all. One of the countrys most interesting capitalists. Well have much more on that story coming up. Incredible negotiator. Lets start with where the markets are right now as indicated. The dow is off 240 points today. That puts it back below 18,000. Its also below the 50day moving average which everybody on the floor