20. That is a 27 percent pop in one day. Investors are panicked. The speedy decline in the price of oil. Scared so many investors. We are back in that same place. In terms of the declines you mentioned the mutual fund. Here is the tiein. Third avenue management. Highyield bond. And a lot of that is exposure to energy. You have oil falling to 35 a barrel. A lot of folks are feeling exceptionally nervous about it and trying to get their money out. Trying to protect the investment so you dont have a huge run. All of this against the backdrop of the path. The most highly anticipated fed meeting last week. Thats right. What are the traders . You mentioned the junkbond levels, sixyear lows and Mutual Fund Investors cant get their own money out. What do the floor trader say . They. To the highyield market,market, talk about emerging markets. Small caps. It was right across the board. Very classic rotation. Flight to quality and safety. The government debt, perceived security of us government,
Sharply on the yield, of course, as the yield goes up, price goes down. The differential has not been larger in a very long time. Interesting state. Yeah. Glad you put that up. People talk about why rates are low versus europe. Good point. Talking europe, there it is, largely in the green. European central bank, by the way, leaving rates unchange as you see, largely a positive picture. They will not be closed for the july fourth weekend. No. They will be trading. We will be, starting with the jobs number on a thursday. The u. S. Economy added 288,000 jobs in june, ahead of estimate, and Unemployment Rate fell to 6. 1 , the lowest number since september of 2008. Remember that month . Yeah. All this pushing futures, as you saw, slightly higher, dow closer to 17,000 having that impact, as i said, on the yield, on the tenyear note. A look here, my friend had a great summary, which sometimes i use, thank you, peter. 194,000 for 2013, Household Survey up by 107,000. Talking about the up empl
Tuesday on this thanksgiving week, you are watching market makers. Thank you for joining me. Any time. Lets get you looking at the top mobile business stories of the morning. More National Guard troops are ordered to the town of ferguson after the grand jury decided not to indict a white Police Officer for shooting a black teenager. Protesters looted stores, burned businesses, attacked guards. Over two dozen people were arrested. Here is the st. Louis county police chief. Most of the building set on fire are to total losses. I have two that are melted on. He road just to the north we have had a lot of incidents with officers getting hit by rocks, batteries, things like that. I personally heard about 100 50 shots fired. President obama has urged peacefullyto protest and for police to show restraint as well. An exclusive story of Insider Trading that comes from the files of the at the eye. The citadel told the agency that they made millions trading on Insider Information from dell. Neith
Dow having a pretty good day. Its the Big Industrial names that would be more impacted by an economic slowdown of any sort of magnitude. Intel is holding up today ahead of the earnings. Chips killed lately. Those are the next best performers out of the dow today. I would suggest thats much more important than a chevron which is towards the low end sliding on oil. United health is a Big Hedge Fund trade and maybe selling there. Cocacola, staple. Home depot is a bad performer today and downgraded. Jpmorgan off the earnings. You raise the point and one the need talk about with the group coming up here but to what extent is pressure on the hedge funds writ large responsible for some of the market declines we have been seeing . I looked this morning and you saw even in the face of an up market that a lot of the most Popular Hedge Fund names were down and suggested they were selling the name and when the overall market bounced they got a bounce, too. Remember yesterday things looked decent a
The company doesnt yet have any comment, hasnt been responding to calls or emails. That Third Party Website was shareholder. Com. Guys, weve been looking through the numbers. If you check things out, it was a fairley thorough release. They look at Net Interest Income of 11. 1 billion. Noninterest revenue of 13. 14 billion versus the street count numbers at 12. 80 billion. They dig down, you can go all the way through each of the segments. Net revenue was down 2 for the corporate and Investment Bank, also down 2 for commercial banking, down 1 for consumer and community banking. We have not been able to confirm with the companyist, but these are the numbers. You have the numbers being compared. Necessary are different than the estimates. So when people were putting it together with jpmorgan its probably fairley complex the way that yeah. And i think he goes, ive got it all in here, now let me just say this. You know, is there a difference between save and send . Things happen. This happe