Right now they suggest the dow would open lower by 20 points. The s p will open lower by 4. And the nasdaq opening lower as well. Who is the big star for the week . You said we have a big star for the week and showed those people. They were on tuesday, wednesday and thursday. Who is the big star of the week . The week ahead. Who is on today for the big star for the week . Michelle carusa cabrera. Oh, got it. I thought that sam zell was on today. And we have the guy from wall street journal. Thats cool. I thought it was the guy who sang that song but thats jerry raferdi. Will you stop for a second. Jerry raferdi on baker street. If you dont let me finish my theres a punchline there. I didnt get it, either. No one did because no one got to hear it. A federal judge refrained from issuing an emergency order that would impart millions of General Motors cars recalled for defective ignition switches linked to 13 deaths. The judge needs more time to study briefs submitted by attorneys for two
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
The same table in front of regulators. It may make it harder for the time Warner Comcast deal to go forward. It will be interesting to see if the comcast time warner deal does fall apart if the at t directv deal would go through. If theyre both announced in tandem, a lot of consolidation in that sector. The at t directv is a harder deal to go through. If you put it on the table with the comcast time warner deal, it makes the whole thing dicey for everybody, which is what i think theyre trying to do. New york state banking regulator is reportedly seeking hundreds of millions of dollars from Credit Suisse. The new York State Department of Financial Services made an opening bid of 1 billion but negotiations are expected to drive down the final penalty amount. The settlement with that agency would be in addition to the fine that Credit Suisse is discussing with the Justice Department. Of course the d. O. J. Seeking as much as 1. 6 billion from the bank. The journal calls this potentially e
a dollar. that s a drop of just over 1% to 94.93. on the economic agenda, retail sales and business inventories are out. retail sales looking for a 0.3%. 0.2% when you look at autos. in corporate news, jpmorgan s ceo jamie dimon may leave the company. he made the comment at a meeting with investors last week. shareholders will vote. we ll talk to a jpmorgan shareholder calling for that split. in washington news, a senior irs official new in 2011 that they were giving extra scrutiny to conservative tea party groups. the report on the irs practice and who knew about it and when is expected to be issued publicly soon. john harwood will be joining with us for more on this. that s coming up at 6:40 eastern time. in the other big story of the morning, a controversial privacy breach involving bloomberg reporters and the company s data terminals has wall street and washington buzzing. at issue is word that the financial data company had allowed journalists to see some informa
boston. all dow 30 components ended in the red. after the so-called fear of gauge, the vix index was spotted at more than 40%. and the futures this morning after these declines, you ll see there are green arrows today, making up the ground loss yesterday. right now, the dow is up by 55 points, s&p is up by 5.5. gold is the major stoep story yesterday because it was down over 6%. by the end of the day, it had fallen to two-yee lows. the metal fell by as much as 2% today before buyers emerged. it had tumbled more than 8% by the close of yesterday s session. you can see right now, it s up by about $30. back to 1390 an ounce, but it fell well below 1400 and this was a big story we were watching yesterday. oil prices this morning are down once again. yesterday they regained some of the ground they lost in the earlier session. right now, oil is down by about 22 cents to 88.49. as for currencies, the dollar recovering from two-week lows against the yen. traders say that the risk sen