Per barrel, decline of 1 . It is all about what happened in europe and all the Market Action after the European Central bank cut key Interest Rates and introduced another round of bond buying and that triggered massive reversals across the market. Look at the euro. 108 at some point. Now it is higher by 1. 9 . A bid to safety here in the United States with the ten year treasury rallying. The yield is 1. 952 . Lets bring in tim seymour of trimanagement. Good to see you. What are we seeing in your view of the massive reversals . An unwinding of all of the positions going into the meeting or is this telling us something more sinister about the markets and what the markets believe and if they believe in mario draghi . I tend not to believe in the sinister. That had people overcommit capital and overreact to certain things. There is a higher euro and lower dollar. What i thought was most interesting is the comment that they dont see the need to reduce rates further and everyone talked about
Here. Bucking the trend of ipos, look at ferrari. Those shares are trading on their first day of trading at the New York Stock Exchange. Luxury automaker also lining the outside of the exchange with all these different models. You can see whether the stock can hold on to these gains as we head into the close. Looks like the most expensive used car lot in the world outside on broad street today. Meanwhile, carl icahn is getting political. Hes launched a 150 million super pac with his own money. Well break down whats behind the billionaires move. And china versus mexico. Henry mcvey in a cnbc exclusive. Hell tell us what he found over there. Very, very instructive. You want to stay tuned. Lets start with this crazy story about valeant pharmaceuticals. Meg has this story about the huge decline. And finally the Company Coming back with a response of some kind. It has been a crazy day for valeant. Lets start by whats been going on. Today there have been some reports into relationships with
Collaborate to figure out what does it take for us to be able to preexist collectively on these roads. Reporter other bicycle groups did not want to comment, but they acknowledge that bicyclists must go with the flow and ride in the same direction as traffic. San francisco, leann melendez, abc 7 news. Now, to what may be the Largest Apple account theft ever discovered. Researchers say a piece of malwema malware is affecting iphones. The victim accounts all apparently belong to people who unlock their iphones so apps can be installed. Thats hard to prove by apples app store. The malware is being spread by Third Party Distributors in china. Governor brown is taking action to bolster californias preparedness for a possible cyber attack. The governor funded an executive order directing the office of Emergency Services to create a cybersecurity hub. The center will help strengthen Cybersecurity Strategies and improve communication between local, state and federal agencies, and nongovernment
We await the word from the European Central bank tomorrow. Thats going to be very interesting. Yes, well get to more on that in a second. What all the Central Banks are up to. Oil rebounding but that didnt stop canada from cutting its key Interest Rate north of the border and they did that because of how the dramatic fall in oil prices is rippling through the nations economy. Well get into that a lot more with to do ameritrades ceo fred tomczyk is back with us. They had good looking earnings. They had record asset accumulation by their clients in the last quarter. What are they doing with that money, thats the question, what their clients are doing with that money. And this is not a technical glitch. Look at netflix, you talked about this last night. They had blowout earnings. It is up 17 , about a 60 gain after those earnings the explosive growth first reported on the closing bell yesterday. We will follow that stock into the close and at least one of our guests says you can still buy
No class. A whistleblower says unc put top athletes in classes that never even met. His college ball killing the academy . Youll hear from an outraged faculty member. You are watching Market Makers. Its friday, everybody. Im Erik Schatzker. And im stephanie ruhle. Moving to new york city. Because he wants to be close to the bars. Wrote that and then closet crossed it out in his blog. Welcome to new york. Right now it is time for the top stories from around the world. We will begin with a fraud affecting citigroups mexican subsidiary that forced the bank to restate last years earnings. Profit was 235 million less than first reported in january. The bank said the fraud involved an Oil Services Company that was a key supplier to the mexican state owned oil producer. Citibank had provided them with shortterm loans related to accounts receivable of amex. Ukraine says Russian Troops are directly involved in the conflict in crimea. Troops have occupied the regions main airport. Another one is