Individual investors, because i think theyre opportunities. Weve heard a lot lately about the tax on the highfrequence traders place on the market, with the runahead tactics, taking your stock, marking it up, and selling it back to you. Ive compared these parasites to mosquitos, which i thought was toxic enough. Thank heavens someone from the brokage industry has final taken up the torch, none other than charles schwab, who seized my mosquito insinuation and raises it, by calling highfrequency trading a cancer on the system, thats abedded by hungry and greedy stock exchanges. I applaud his interest in the debate and hope others follow. I certainly dont mean to diminish the arguments against the pickpockets, which is what schwab calls them, but i want to talk about making some dollars now, not losing fractions of pennies to manipulation. I want to talk about opportunities that develop when a vacuum of buy owners occurs, not just the ephemeral orders of highfrequence trace, but actually
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
Subdued and Legal Expenses are likely to weigh. And spending cuts will be broad and permanent. The Italian Foreign minister tells World Leaders and policymaker as they gather in washington for the Imf World Bank meeting. Youre watching Worldwide Exchange, bringing you Business News from around the globe. Very good warm welcome to you on the last Worldwide Exchange of the week. We kick off with the latest from the iea, the International Energy agency and their monthly report for march. Crude prices were rangebound in march with supply outages in the middle east, north africa and Russia Ukraine tensions. The forecast of Global Demand growth to be trim to 1. 3 Million Barrels a day. Global supplies to 1. 2 Million Barrels a day. March led by steeply lower opec output. Crude supplies plum emed to 29. 62 Million Barrels a day. Those are the highlights. As expected, oecd oil stocks after depleting at an alarming rate in 2013 have shifted gears. Lets get reaction to that. Joining us is Neil A
We start giving that back a little bit. We did see some big gains across the board. If you check out currencies, youll see right now that the dollar is higher against the euro and the yen. Euro is trading at 11. 3764 and the yen is at 103. 94. And the tenyear note spoke of 2. 8 on wednesday. Thats the highest level its seen in just about two months. You can take a look and see its just below that at 2. 79 . Andrew has some of todays top corporate stories. News this morning, joe referenced it earlier, citigroup federal is under investigation in a criminal probe under their mexican unit banamex. The question for citigroup is whether investors ignored signs of money laundering. Theyre facing a civil investigation in the securities and exchange enforcement unit. Citi released earlier bamamex uncovered apparent fraud. So just when you thought is citigroup was out from under it, it has further reserve about its capital. Also now taking on tesla securities, a notice it intends to appeal new j
Did you know that . You know what, i did know that. Britney has been she has been with the today show since she was a little girl and now shes a grown woman. Were not going to say how old she is, but she is forever 21. Happy birthday, brit. We love you. I dont know how we did the show without her. And we have one of my favorite people, one of the best guests ever, bestselling author Jackie Collins gets cooking with recipes inspired by santangelo. That slut, i love her. I love when you say slut. The stars of hard core pawn are here. So, today is who knew, hoda . Hug an anchor day. Yes. But there are rules, according to the huffington post. On hugging in general. First of all, questions about hugging in the workplace. Rule one is it is okay to hug your peers, but never hug people who supervise you. In other words, your boss. Why wouldnt you . Ive done it . Jerry and rope are hugging now and it is unseemly. Dont do that, guys, really. First of all, i think hugging is hoda is a major, majo