Donald trump promising tax and regulation cuts for all. He is going to break down the plan here exclusively and Hillary Clinton supporter for the center for American Progress in the great well respond. This is hillary makes her first appearance walking down since she nearly fainted from pneumonia on sunday. She is expected to speak live in North Carolina this hour. We have our cameras trained on that and on wall street where apple and oil are driving the profit there is no fed rate hike for you. We are less than hour to a closing bell. Lets start the countdown. Breaking news it is the most scrutinized paradox on wall street. Thats exactly what youre your scene at this hour. All three Major Industries are moving higher as investors look at weaker than expected data. So the s p is jumping 24 points and the dow is up about 211. Both decided lets snap the today losing streak. Just five days to go until the big Federal Reserve meeting. Apple is still very much in the driver seat. Its pushin
Meetings and say if we will get dissent. If we do not see process, i pledge another fetched these 42016. Monetary policy on wednesday. The secondlargest public pension plan in the u. S. Portfolioinvestment value at 193 billion. You dont want to miss that conversation coming up. Jonathan treading water. That is the way things are set up. Equities are positive in europe. The taxes moving higher as well. By around. 6 . Eurodollar, it is a snooze fest in the fx market. I will talk about that later. Positive, but just only by. 1 . In the mind the market, a rollover on crude today. Brent back 7 10. We talk about this stealing of the yield curve, jake peavy bonds, and right here in the u. S. On treasuries. Treasuries at the long end, 30 year yields at three basis points. Today, centralbank decision. Alix it is finally going to happen. Lets check in with our Bloomberg Team part indepth coverage. Where one day away from that decision from the fact and the boj. Iswashington as wells fargo chief
Story is still happening right now. Sportscaster erin andrews is testifying in the civil trial over that secret video recording of her nude inside her hotel room. She is seeking 75 million in the lawsuit that names the man convicted of stalking her, along with a Nashville Hotel and its management company. For like three months everybody thought it was a publicity stunt. On the front page of the New York Post the espn scandal. Fox news and cbs, everybody put up that i was doing it for publicity and attention. And that rips me apart. Earlier today, jurors watched a tape deposition of Michael David barrett the man convicted of stalking the popular secretly recording nude videos. Why did you decide to do that . Its a great question. Id like to hear the answer. So would i too. I dont have the answer. Ive thought about it over and over. The financial bind i was in. It was a huge mistake in judgment. Attorneys for the nashville marriott say they were duped as well. They claim barrett manipula
More bullish than two decades . Absolutely. Because the risk that youre taking is so much less than it was any time since the financial crisis. We made our big sell call at 1999 and because we saw all sorts of additional risk whether its leverage and the types of loans the banks were making and the lack of oversight now its night and day. The degree of oversight on the banks, i mean, you know, jamie dimon cant leave the building without someone watching what he is doing. What were talking about here is the amount of capital at record levels. The liquidity is at record levels. The oversight, record levels. The First Quarter it was a terrible environment but you know what, the quality of loans even with energy, its fine. Book value is still growing. These are resilient banks. Theyre banks that are becoming more one way or another and the valuations are pricing in levels that werent perceived. Does that give me upside . What generates the rally here . When youre going to see revenues have
General Public Comment item no. 3. Please come on up. I have one card in front of me. Mr. John furlan okay thank you, president cohen. First off, im disturbed about the trend of moving closed session to the front of the agenda and having members of the public have to wait for an hourandahalf and two hours to wait for you to get through the investment calendar. And i would respectfully request that you move the investment calendar back to the agenda, so members of the public dont have to cool their heels while you are dealing with that. Okay. If necessary if you could move it to a special meeting each month, rather than jampack your agenda, so you are not out of here before 5 00 or 6 00 or 7 00; that would be even better. I would like to correct the record last month, ke walker inappropriately and inaccurately quoted that the program for the dalt investment would yield 9. 4 . She misread bob shaws analysis. She was quoting percentage for the loans that have already been repaid, and i be