Chan change, which is why you have to stay with us europe has been open for some time yesterday after ours moved lower on sunday. There you see, italy is the best performer this morning the 10yr note have been hanging around 278 and there is wti and brent is trading as it does a bit above that lets get to our road map this morning, we are going to help you make sense of what suddenly becomes these wild swings. Steve wynn is out, he steps down as his role of ceo of wynn resorts. The shares of wynn are up. Disney reports better earnings at the bell yesterday well hear from the ceo, offering screaming apps and particularly the espn app. Futures are lower this morning setting the stage for what would be another volatile ride today for stocks. Recovering half of the losses for monday sell off. The dow traded in a range of 1,000 points on tuesday. It was up 500 points and down 500 points chris will keep talking about points percentage wise, nowhere near what we see in the past jim, people ar
Difficult it will be to get that measure passed. But we do have the story covered. Julia chatterley is in brussels. Michelle carusocabrera is in athens. And Steve Liesman. Well have more from the three of them. As higher up on the news. But it looks like a deal is going to be reached. You can see the dow jones up 125 points. S p up close to 15 points. The nasdaq is up by 37. This is all coming as the markets in europe are higher. Dags up 1. 5 in germany. The cac is up 2 . The ftse higher. Italy 1. 5 . Portugal up 2. 75 . And the dollar is up. The euro despite the news it looks like the euro is kept together. Trading higher at 1. 1075. Part of the fact if you deep greek economies in thats going to add pressure over time. Also you can see whats happening to the yields in the european markets. In greece be the fiveyear yielding 17 . If you look to the bund thats the german tenyear thats trading at. 927 . If you check out whats happening with treasuries here in the United States youll see
Man opened fire and a Movie Theater last night. He killed two people and wounded nine others before killing himself. The shooter tried to escape and then turned back when he saw police entered the theater. Governor jindal when these acts of violence happen in a Movie Theater, when there is no real good reason why this kind of evil should intrude on the lives or families were out for a night of entertainment, a lot of us were horrified and shocked. The great thing about america is when any of us suffer, we all suffer. This is a time for us to come together. Vonnie and we have breaking news. Anthem will buy signet cigna. This had been telegraphed. Were waiting for this to become official. Anthem is buying cigna. That would work out to 48 billion, creating the Largest Health insurer in the United States. A year of talks. Tom and a moment in our financial history. I wish chris halen with you chris whalen was here. Ive never seen a headline that says anthem combined company sees accretion a
Nearly 3,000 coming just in the first 90 minutes. The blue chip index closing down more than 500 points for the second straight day and over the last three sessions the dow and s p are down nearly 9 and the nasdaq is off almost 10 yesterday alone 685 billion is lost among market cap in s p 500 companies. Thats 100 billion more than apples market cap. If they dont tell you enough about the volatility check out the vix. Moving above 50 intraday for the first time. Check out the front pages of some major newspapers around the world today. Youre looking at sort of a full list of whats going on in virtually everybody touches on the market above the fold. Like the bear there on the New York Post . Wild. And the guys a lot of times the photographer is waiting and he may have a scratch here on his eyebrow and looks like hes stressed. I think they pose for them now. They see the photographer coming and theyre like that and just do that look. They want to be in the paper. Come on. Have you notic
Im carl quintanilla. First up, the new push for tax reform details public for gop framework. Among the highlights reducing seven brackets down to three, doubling standard deduction, cutting Corporate Tax rate we have Team Coverage from Nations Capital y lan, well start with you. Here it is, corporate rate down 20 , businesses 25 rate. The plan also allows for at least five years of full and immediate expensing. One of the tradeoffs, the ability to deduct interest will be partially limited theres no more detail what that means. The plan has two businesses, r d tax credit and low Income Housing credit reduction for Domestic Production important for manufacturers and get the axe. Under this framework u. S. Would move to territorial tax system two rates for money thats brought back the plan doesnt specify what those rates will be. The one for illiquid assets for cash on the individual side streamline would be 12, 25 and 35 . Lawmakers do have a green light to add a fourth rate at the top.