Exchange as we get right to it steve dudache. Peter Anderson Kelly conley, john kenley and our very own Rick Santelli. What do you think is driving the selloff today . I think its a misunderstanding of this new adjustment in the china markets. Shorting the markets, allowing that to happen kelly, isnt necessarily causing markets to be regulatory in the sense that they will drive prices down. You know shorting doesnt prevent bubbles. And i think everybodys looking at this as a sense that if you introduce shortings to the china marketing with all of a sudden that bubble may burst. If that were the case kelly, look at the u. S. Weve had shorting here for a long, long time. Yet weve still had market bubbles. So i think its a little bit of a misunderstanding. It probably will help price discovery but in general, its just going to make the market more orderly and not necessarily a bearish instrument that most people i think are interpreting this news today. Steve money has been flowing into e
There appear to be two logical answers. Either these senators were trying to be helpful to the iranians or harmful to the commander in chief in the midst of highstakes international diplomacy. Either answer does discredit to have the letters signatories. Now, i would be pleased to talk more about this important matter, but i know there have been questions about my emails, so i want to address that directly and then i will take a few questions from you. There are four things i want the public to know. First, when i got to work as secretary of state, i opted for convenience to use my personal email account which was allowed by the state department because i thought it would be easier to carry just one device for my work and for my personal emails instead of two. Looking back it would have been better if i had simply used a second email account and carried a second phone, but at the time this didnt seem like an issue. Second, the vast majority of my work emails went to Government Employee
Back after the tenyear hit a sixmonth high earlier in the session. We talk to pimco chief officer scott mather in just a few minutes. And treasury yields across the pond as well have had a huge gain. Also that picasso painting sold at auction last night, a record 179 million. Economist norle ra lle lle Nouriel Roubini will be here. He thinks some people use expensive art as a form of Money Laundering, unquote. Hes at it again. Hes dr. Doom of the art market. With an hour to go in the trading session, the dow is down about 18 points. Again, fall back into positive territory. An ounce of downward pressure only a little bit. The s p and nasdaq giving up 0. 2 right now. 4 points and 10 points respectively. That level for the nasdaq 4983. Lets talk about this in our Closing Bell Exchange for this tuesday. Chris ressler is with us rob morgan checks in from sethy financial and Kevin Guinness from Raymond James is with us so is ken moret. Kevin, youre head of fixed income there at Raymond Jame
Echoing numbers by other big banks. In goldmans case a fuelest best quarterly numbers in years, confirming the strategy of a Business Model critics said was too risk yip in the wake of the financial crisis. Investors, however, were expecting the strong numbers and after a recent runup they sent the stocks slightly lower. Mary thompson has the numbers. While in the midst of the l crisis Goldman Sachs numbers packed a punch. I thought the results were quite impressive. The new york based bank posted the highest quarterly revenue in four years and highest profit in five. Thanks to the profit in trading business which generated more than half of the billion dollars in revenue. On a call, ceo Harvey Swartz said the higher rates in the u. S. And lower rates in europe spurred clients to take action. The largest economies had a significant impact. All of the goldman businesses investment banking, agoet managements and the firms investment and lending portfolio contributed to the more than 2. 8
Echoing numbers by other big banks. In goldmans case a fuelest best quarterly numbers in years, confirming the strategy of a Business Model critics said was too risk yip in the wake of the financial crisis. Investors, however, were expecting the strong numbers and after a recent runup they sent the stocks slightly lower. Mary thompson has the numbers. While in the midst of the l crisis Goldman Sachs numbers packed a punch. I thought the results were quite impressive. The new york based bank posted the highest quarterly revenue in four years and highest profit in five. Thanks to the profit in trading business which generated more than half of the billion dollars in revenue. On a call, ceo Harvey Swartz said the higher rates in the u. S. And lower rates in europe spurred clients to take action. The largest economies had a significant impact. All of the goldman businesses investment banking, agoet managements and the firms investment and lending portfolio contributed to the more than 2. 8