Territory, albeit slightly steve weiss, virus cases are exploding, 145,000, hospitalization new record, stayathome stocks are up, reopen stocks are down im wondering in the Bigger Picture but bringing it down to the sort of ground floor level, you just bought Delta Airlines the other day. We just talked about it. And im wondering if now youre reassessing that kind of move and whether other people should, too. Well, deltawas a position position and my portfolio is not very well balanced, its all in growth so i took a shot im not going to buy anymore here these airlines and Brad Gerstner pointed it out, theyre going to be diluted on an ongoing basis this year, next year as they seek to replace their bonds, their debt, with equity. Cramer this morning was right and ignore these covid cases at your own peril next couple of months, probably next three months are going to be very rocky from an economic standpoint as theres no appetite on the part of this administration to take any kind of st
Down 1 10 of 1 on the s p 500. The euro is firmer. 250 on thestable at 10 year. Alix 100 Day Moving Average is down by 1 1 10 of 1 . Oil continuing its down slide, now off by only 1 , nine days out of the last 11. What a losing streak . Deutsche bank will issue a near 700 million new shares in an effort to raise 800 billion euros in capital. They will boost revenue after spending almost two years navigating legal protein cutting back risks. With us now is michael moore, finance reporter. Walk us through what we have. Weve got the pricing on the capital raise. It was in line with what most people were expecting, a 45 discount. Deutsche put out their annual report. Most of it is backwards looking into 2016 but they did have a 2017 outlook in the key take away their was the revenue being broadly flat. It is a negative given how bullish they were on the start of the year in trading. Jon it is an 8 billion euros share sale. But it has been offered at a deep discount of 35 . Banks typically
Massacre yesterday. Officials releasing the names of all 12 of the victims that include 11 City Employees in a contractor. Some of the victims were decades of service on the job from the city and President Trump sending his condolences in a tweet earlier today single spoke to Virginia Governor last night in the mayor and vice mayor of Virginia Beach this morning to offer condolences of the great community. The federal government is there in will be there for whatever they need. God bless our families and all. They said the senseless violence leaves behind avoid that can never be filled. The chaplains, Human Services interfamily assistancfamily assd the difficult task that anyone would have to do that is notifying the families. Today, we are in grief. Mark meredith live from Virginia Beach. Good afternoon to you as you mentioned we been following the latest allotment all day. We are updating Law Enforcement about an hour from now but as you mentioned we just received an update from the
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