To the downside. This chart of oil. We see the plunge. And lets look at the spike we saw a earlier for oil, at the highs of 2 on a very bullish department of energy report, a bigger drag down for Oil Inventory and gasoline than we expected. But look at the plunge near 1. 20 that scarlet told us about them and we are eying a report that says that the shaft needs to drop by possibly around 150 rigs. Traders are not liking that, but stabilizing above zero at least. F the half a percentage point lets hop into the bloomberg and look at what is happening sector wide here. We see energy is now near the bottom, taking a look at some of those movers in the future. The point we want to make here is that first of all, we have already. Wereong ago, financials higher but now all sectors in the s p 500 are trading lower, and on the bottom, those real estate and telecom companies. That is not something we often see. Fluence, the bonds selloff is showing the 10 year yield is spiking higher. Up five ba
To the downside. This chart of oil. We see the plunge. And lets look at the spike we saw a earlier for oil, at the highs of 2 on a very bullish department of energy report, a bigger drag down for Oil Inventory and gasoline than we expected. But look at the plunge near 1. 20 that scarlet told us about them and we are eying a report that says that the shaft needs to drop by possibly around 150 rigs. Traders are not liking that, but stabilizing above zero at least. F the half a percentage point lets hop into the bloomberg and look at what is happening sector wide here. We see energy is now near the bottom, taking a look at some of those movers in the future. The point we want to make here is that first of all, we have already. Wereong ago, financials higher but now all sectors in the s p 500 are trading lower, and on the bottom, those real estate and telecom companies. That is not something we often see. Fluence, the bonds selloff is showing the 10 year yield is spiking higher. Up five ba
To the downside. This chart of oil. We see the plunge. And lets look at the spike we saw a earlier for oil, at the highs of 2 on a very bullish department of energy report, a bigger drag down for Oil Inventory and gasoline than we expected. But look at the plunge near 1. 20 that scarlet told us about them and we are eying a report that says that the shaft needs to drop by possibly around 150 rigs. Traders are not liking that, but stabilizing above zero at least. F the half a percentage point lets hop into the bloomberg and look at what is happening sector wide here. We see energy is now near the bottom, taking a look at some of those movers in the future. The point we want to make here is that first of all, we have already. Wereong ago, financials higher but now all sectors in the s p 500 are trading lower, and on the bottom, those real estate and telecom companies. That is not something we often see. Fluence, the bonds selloff is showing the 10 year yield is spiking higher. Up five ba
Good monday morning welcome to squawk alley. Were at post 9 at the New York Stock Exchange joining us, Foundation Capital steve osala joins us to talk tech good morning you to. The nasdaq is coming off the first down day in 11 on friday riding that massive rally. A number of recent ipos having a rough couple of weeks. Shares of snap are trading near all time lows, down about 15 since its market debut and blue apron down about 20 from its ipo getting a bump this morning with the number of new initiations. A lot of them outperform or buy, steve. But it does raise the topic of valuation as we had this nice run in tech going into a big week of tech earnings. So give us a sense of where your head is right now on price and how the fundamentals are coming in well, ill tell you, i think in the valley right now theres a sense of both big accomplishment arent Companies Getting out in the Public Markets and also a sense of trepidation. And the main reason why is that while the companies are growi
Half months. Almost a sign the market is too expensive . Well debate. A buy recommendation today. Yes. That helps. Timely. Yes. And this you probably have seen it, the shocking video after this United Airlines passenger being removed from an overbooked flight, just chosen random randomly to be taken off the flight. Response from yuunited and whetr bad press for airlines is a problem for airline investors. Crazy, cia zrazy story. But we begin with oh, and we may have a surprise guest today as well. Stick around. Thats all ill say about that. We begin with a new report of wells fargos fake account scandal. Additional clawbacks from the former ceo and Top Executive. Working this story heavily today, youve done a great job on it. Give us the latest now. Thanks, bill, so, yes, the headline is that most of the blame is being placed on former head of the Community Bank who was fired for cause and made to give up an additional 47 million today. Though the lawyer said we disagree with the repor