Shares are down by 9 , biggest drop since june 2010. The horizon disaster. What is fascinating fascinating about todays earnings, the fouryear net loss of 6. 5 billion was double the loss of 2010 when bp took charge cost link tollion the disaster. Today, fourthquarter profits greater than estimated because of the decline in the price of crude, profit has been low and year on year for six consecutive quarters as oil prices tumbled. We will have the cheese chief executive a little later. Story wasbig earnings switzerland big lender, ubs, down by 8 , biggest drop since august. Rose syngenta rose thanks to a chat game. Big drop in Wealth Management earnings and Investment Banking profit as well. We also have sound from the ubs ceo as well. Betty we will play that, later. Ubs was not the only banks up to report. Bank, one that we dont normally talk about but there are some banks that are actually gaining. The bank in denmark, the biggest lender is going to back back by back another nine poi
Plunging 316 points. S p sinking 1. 62 . Nasdaq dropping 1. 16 . I understand the dilemma here. You benefit from low oil prices, right . So do i. The fact they keep declining relentlessly brea lly freaks ou here. What will go belly up . Will the consequence be . Do they do when they are scared. Its easy. They sell their stocks. Now always remember the way big money things, big money controls the prices on your screen, not you and me. Stocks are who is known as an asset class, not individual companies. Those who think lower oil will cause may ham among producers that will spill over to all companies, just come in and they like a free fire zone blast out of the s p 500 futures. Either to get short the index bet against stocks or to hedge against existing stocks that they own and those sales from the future often reverberate into lower stock prices for all 500 stocks as they get overwhelmed by institutional selling. After the smoke clears, individual institutional stock investors come in
Lacqua. After working through the night it appears that western and iranian diplomats could be nearing a deal. Guy talks on Irans Nuclear program are still underway. Lets get the latest from elliott gotkine. How much progress have we made . Elliott well, they are still they say making progress. They have been inching towards a deal. The National Agreement has so far proved elusive. You do have to admire the stamina of the negotiators from the world powers and iran. They and jordan at 6 00 a. M. Local time. Irans Prime Minister has been spotted. He says that a joint statement is expected from todays talks and any agreement may be upended to a u. N. Resolution. We have some optimistic words from the french Prime Minister. He was absent from these talks for most of yesterday. Day eight of negotiations. Will it be the last . Francine what comes next . Even if they reach a deal, it is not the end. There is another deadline, june 30. Elliott the interim agreement with iran for some sanctions
Pam never forget ever stop honoring those who stop this honoring those who served and died at the foot cobras in rabat said this moral that the president later agreed but said the two of the unknowns points out this year is unique is the first memorial day in 14 years as states is not engaged in a major ground war. Pam of solemn remembrance around the bay area for Fallen Soldiers troops kron 4 Charles Clough for joining us live in a special Memorial Service was held to honor military their emotional but important they were learning that theres some uncertainty about the future of the bay area site. Reporter across is up in the air but the vigil here in lafayette just wrapped up a short time ago the of from around 7 00 this evening about 50 people or so came out here to the cross in lafayette in years past had a van with for bigger crowds this subdued ceremony this year a little chilly out here in a speech this evening and here for 45 minutes or so across the crosses your mafia started
It makes you just buy everything that much easier. It is locking you into the ecosystem. Is, ifncern for fire tv youre in europe you cant get it yet. It is only available in the and add dates. A couple of weeks . We dont have a date. Thank you. Lets get the berlin now. David, it is decision day at the ecb. Mario draghi, the president of the European Central bank, he appears to be drawing a consensus within the governing council to act against deflation once the European Central bank decides that it is not an absolute threat. He has the president of the bundesbank on his side. Talking about the possibility of quantitative easing, the possibility of negative Interest Rates. Thank you so much. That is our top story of the day. We will be following euro dollar. Manus, you are also watching just eat. Online ordering food from your tablet, any tablet. 260 pence. They are going to raise pretty much the money they wanted. It is a Business Model that works. It is the Biggest Online restaurant d