Monica crowley is with us. This is open season for conspiracy theorist, isnt it . Monica absolutely. A plane disappears, vanishes out of midair. Planes do not do that. These are huge doubledecker airplanes. The fact there is no debris field anywhere to be found. This report from the chinese about the satellite picture is three days old. There is a strong current in that area. They will have to expand beyond that. The idea this just disappeared. Could it have been hijacked . By then we would have known where it had landed. Stuart i dont like them, dont deal with conspiracy theorist he had but this time around the conspiracy theories seem to be more legitimate than any idea it crashed in the jungle or under the sea. Monica that is because there is no explanation, no witnesses for a fireball in the sky or a missile launched. Wouldnt we know if it had landed somewhere . Went some air Traffic Control report an unidentified airplane had landed with it was pakistan, india or wherever . Stuart
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
As for revenue at wells fargo, 26 billion seems to be right in line for what analysts had been anticipating. Another number that everyone slowdownn, given the in mortgage lending, is the efficiency ratio it measures cost as a percentage of revenue. The lower number the better. 57. 9 fargo reported a efficiency ratio. Somewhereere looking in the neighborhood of 57 . That efficiency ratio going higher is not the direction you wanted to move in. There was a reserve release. Wells fargo put aside some money to cover bad loans. Bad loans to not come to pass. It will release that money and go straight down to the bottom line of the prophet. In terms of profit. Addressing. A given the jpmorgan put aside more money in the First Quarter. Interesting here, given that jpmorgan put aside more money in the First Quarter. Revenue is in line with what analysts had anticipated. Nets look if there is a number we can talk about. We are still going through the numbers. Lessaside last money money in terms
Auto executives flew to washington in private jets as they were asking for a taxpayer funded bailout. A very contentious hearing. They were embarrassed. Today it is gms c 0 in the hot seat. All right, rich, mary barra is a soft spoken woman. Do you think thats going to deflect some of the hostility that may be directed towards her . Reporter i think the situation will deflect the hostility that we saw. You pointed out the optics that surrounded it and the questions whether or not they were tone deaf coming here, hat in hand in 2008, asking for bailouts having stepped off their corporate jets whereas marry barra has optically done the right thing. Shes met with the families, shes going to apologize today according to her prepared remarks. She wasnt technically ceo at the time, however, there is a level of frustration among lawmakers how much they direct specifically barra. Shes the one representing the company, and theyre going to want to get their outrage out, but probably nowhere near
For problems with the rollout of the health exchanges. Continue to breakdown. Connell we will go back live as things heat up in the q a, rich edson has been monitoring the whole thing and he joins us from washington d. C. With a latest on capitol hill. Rich she is confident by november 30th they will have a functioning web site but she did say when it comes to the miserably frustrating experience it has been for the rollout of healthcare about them that she is taking responsibility. Who is in charge, madam secretary . The person now in charge as an integrator is the base who was in charge . Up until who is the individual michele snider. Michele nighters the one responsible for this debacle. Excuse me. She says it is that process data to get rid of those Health Care Plan they now have to conform to obamacare standards making the more extensive. Dagen thank you for that. Rich edson in the capitol building. Kelley moore analysis in a moment but back to that hearing room, congressman phil