Five, the s p basically flat, and nasdaq up five. Lots of stocks moving today. One way or another. Lots of interesting individual stocks stories. And well have them for you. Things are a little bit higher at this hour on the s p and the nasdaq after the bank of englands first rate cut since 2009. The pound, though, falling steeply against the dollar, as you see there now at 1. 3117. Going to london, nice time to go over there. Trading about 1. 5 lower. Biggest drop since the aftermath of that june brexit te. Thank you, tyler. Im melissa lee. Heres what else is happening at this hour. Oil, out of a bear market. The magic number to watch, 41. 33. Any trade below that puts crude back into a bear market. The atlanta fed upping the gdp forecast to 3. 7 , that is up one tenth of a percent and ford is calling 830,000 vehicles in north america to fix a side door latch. You can find a full list of the models impacted on our website. We do start off with a big brexit bazooka from the bank of eng
Finerman and bonawyn eison. The financial names closing out a strong week with another game today in this holiday short week. Take a look at some of the moves in these financials. J. P. Morgan leading the pack. Wells fargo, bank of america, citigroup, with a 4 percent gain. Yields on the two year today, hitting their highest levels since november 2007, but is the rally in financials too good to be true . Karen, i know you will say no. I feel like it is still a nightmare. They were much higher earlier in the year. Obviously, i like the banks through good and bad. I have been long on the banks. I think it is a nice bounce. I wish there was one more trading day to the week. I still think the evaluations are really compelling here. The bear case for the Money Center Banks is that all of their Investment Banking business and Capital Markets business is down. All that is true. Remember, half their business is net interest, right . That is really doing well. We always look at the two year, 10
Get your flu shot today. For more information on anything you saw go to www. Thedoctorstv. Com. Thank you so much for joining us during this special hour you in heaven. Wrapped in luxury. You in action. You in motion. You in luck. Play in style. Talking stick resort, scottsdale. Book now to enjoy Cactus League spring training rates. 4 10 is the time. Taking a live futures this morning that nasdaq is in the pasta mixed at the moment. Stocks did in the day yesterday with its results as well. Heres a look at the numbers on wall street the dow lost with a three pointer to close at 13,00511. The nasdaq bank six to end up at 300117. And the s and p 500 rose a fraction of a point. Europes air safety authorities follow the United States and ordering the grounding and safety review of boeings 787 streamliner following a series of incidents with the aircraft in recent days. The faa is grounding all boeing 787 streamliners in the u. S. Until the company can prove it fixed basket problems. It come
Pete . The director of the fbi and a very unusual case here, the Justice Department filing public criminal charges against seven men in iran that it says were computer hackers working for two companies that did work for the iranian government, including the Iranian Revolutionary guard. What the charges say and they will actually be naming these individuals and showing their mugshots. This is very unusual. They say that they targeted several american banks and did whats known as a denial of service attacks. Flooding the banks with incoming messages that prevented Bank Customers from getting online around 2012, 2013. Some of the banks were capital one, nasdaq and bank of america and the stock exchange. It doesnt accuse them of hacking in and stealing data but it cost millions for the companies to shore up their defenses. The other thing they will accuse them of is trying to hack and successfully hacking into a dam outside of new york city. This is a dam about 20 feet tall that had sa sle
Bitcoin s Fading Action Is A Huge Warning For Market Liquidity (Cryptocurrency:BTC-USD) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.