Brokered. Weekrude about 13 on the but we cant go without pointing out we are down about 50 on the year. The dow, the nasdaq, the s p down roughly 1. 5 on the day. The big decline or is really the russell 2000. A lot of concerns about what the smaller and Midcap Companies are going to fair. We also saw a selloff in the financial space. The bank index down about 4. 8 on the week. We should also point out, on the weekly gains and losses, the only three sectors that managed to close with gains this week was energy, consumer staples, and health care. Also up about 2 , scarlet. Scarlet it is interesting how weve seen the gains that initially came at the open disappear pretty quickly. For all the talk that the data is backwards looking, the fact that it is friday and we have so much uncertainty i had of us with worsening numbers presumably means that investors dont want to be long heading into a weekend. Now all eyes are looking towards the opec Conference Call on monday. Certainly there a l
The best way forward on brexit. Essex police are given an extra 24 seeing incredibly desperate people hours to question the driver coming up on afternoon live, trying all kinds of ways to get of a lorry in which 39 people across borders and reach safety and were found dead yesterday. The stowaways are all all the sport with holly hamilton. Make a life for themselves that is believed to be chinese. Worth living. The irony of course a british man who fought with Kurdish Militia against the Islamic State group has good afternoon, yes, eddiejones has been convicted of a terrorism here is that the tougher you make it been ringing the changes ahead of for them to make this sort of offence following a retrial. Aidanjames was cleared though of attending a terrorist englands Rugby World Cup crunch hazardous journey, the tighter you Training Camp in syria. Put the controls on, the greater the the number of people found carrying clash with new zealand this weekend. Risk they are going to have to
In focus as we are dropping below or have dropped below 4 we want to Pay Attention to that the vix moving around 18 some Movement Something we havent seen in a while. When looking at the sectors, tech and financials which really the biggest laggards of course we have the big cut from moodys today we want to dig into the financials red across the board after the firm cut Credit Ratings for a number of these banks. 10 small and mid sized banks also put a number of others on watch. Im going to start, i believe you own u. S. Bank corp, one of the names on the watch, why are we seeing so much bloodshed today . Of all the concerns that moodys list none of these are particularly new this is old news. They should have come out in the First Quarter when we had the debacle with the banks youre seeing a shortterm reaction where you probably have a bunch of the you know, the computer funds thats what i was going to ask. Selling short on the financials you get the regionals. But all this was mentio
Italys Prime Minister said it would derive from properties on h derived from higher Interest Rates. The net income exsceeding the growth for 2022 and 2023 citi estimated that would be equal to 19 of bank net profits for the year the tax would only apply to domestic Net Interest Income if this were to happen in the United States it is not happening i know. I dont know what would happen to the world. It is like when hell freezes over scenario. 40 windfall profit tax on banks. Do you think this is such a game changer that you would ever be in business in italy ever again . I think they view banks as utilities in italy i think investors will think about Certain Industries now at the beck on call of the government it can be wiped out just like that it changes your money. Chinese communist out of nowhere with the Tech Companies in china the trading Certain Industries. In other bank news, moodys cutting ratings with several banks and downgrading the biggest lenders. The credit strengths will
The strip. The priority now needs to be to stop further civilian suffering. And here we need to find a way to quickly deescalate the situation. Israel is intensifying warnings of an intimate offensive by air, ground and sea following rampage by hamas in israel one week ago. Good evening. This saturday. Im cristina rendon. Is israels military warning Palestinian Civilians to evacuate south as it plans to move in order to root out hamas militants responsible for last saturdays attack on the country . We begin tonight with ktvu zac sos live in our studio with the latest. Zach. Yeah, cristina, the idf continuing to drop leaflets warning the regions population of more than 1 million palestinians to move south. Exactly when that ground offensive offensive is expected to take place, its still not known, but there is mounting concern by much of the population that there wont be enough time to evacuate as thousands of israeli troops continue to amass along the gaza border for an expected Ground