One of the best performing sectors this week. Check out the high flaying names. These are industrials, Northrop Grumman up 6 , ge up 4 , boeing and fedex jumping as well. Are these industrial stocks your ticket to the Global Growth trade . Will they keep ripping higher from here . Tim . Industrials, if you look at them as a sector, actually offer some value on multiples. If i look at boeing, even ge on multiples, theyre not terribly impressive boeing is impressive some of this can continue. Look at the Energy Sector as a case in point and then the financials this week was certainly punctuated by fed. You have business as usual these names people are grabbing for value. Do investors believe in the Global Growth trade or is this a sector that finally is catching up and getting some love here . Ge has less than a dollar of Free Cash Flow boeing is amazing, its up 65 year to date, only got a 52 buy rating this stock can see a lot more upside, they can raise the dividend theres stock you wa
Switch shares up about 24 this afternoon. Well look at whether that treasury move could help juice the market for ipos coming up. Meanwhile, the new blade runner sequel hits theaters this weekend were going to look at whether this film can revitalize the struggling box office. Lot of fingers crossed in hollywood here as they bring Harrison Ford back one more time. Well see. Good luck. Hope it works. Lets begin today with a jobs report, though. Eyeopening number hs this morning. Our senior economics reports Steve Liesman joins us from austin with a breakdown of those numbers. Steve . Reporter yeah, bill, you had to cast your eyes down on this number here. But whats happening right now is people are really throwing out the weak number on the top line and looking to the details of the report and they find strength here. Let me show you what theyre talking about here the top line number minus 33,000 quite a bit below the 80,000 estimate you have the revisions to the prior months which were
Cheryl European Central bank is pulling back. Lea in asia stocks in japan got a lift from u. S. Titans strong earnings. Cheryl iphone 10 goes on sale for preorderrers but theres already a long wait. Fbn am starts right now. Cheryl 5 01 in new york. Lea im Lea Gabrielle in in for Lauren Simonetti. Cheryl great to have you, lea, are you going to get the iphone 10 . Im not going to make a comment right now. Cheryl breaking news this morning, stunning news in the health care industry, shares of aetna soring that cvs is in talks to buy the insurance company. Lea Tracee Carrasco joins us with the details, good morning, tracee. Tracee if this merger is approved it would reshape health industry. Cvs controls farmstore chains and Management System while aetna is one of the largest insurers, talk of the possible 66 billiondollar deal sent shares of aetna to alltime high while cvs fell 3 . Report that is amazon is entering the pharmacy business reported a catalyst for cvss move on aetna just as a
4 buiillion in wealth managemen. Our markets business on the debt side, even relative to the last First Quarter last year, were up more than 10 . In equities, substantial improvement over the Fourth Quarter of last year. The only business which is slightly down is our Transaction Banking business. But thats a function of the fact that we have exited a number of countries and also exited a number of highrisk clients. Let us especially talk about clients. You are saying in that letter to employees that clients are coming back. Are clients reassured about the stability of deutsche . When you look at the performance q1 number, we are north of 14 . Thats a very Strong Capital position from which were coming. The funding position of the bank has substantially improved. We now are able to talk to our clients based on a completely different starting point. And we see that reflected. Many people came back when they heard about the settlement with the department of justice. And there was kind of
Headquarters in new york. Good to be with you. Im annemarie green. President trump is in poland this morning where hes expected the lay out his vision for u. S. Ties the europe. Hes meeting with polands president and later today he travels germany for an economic summit. There hell hold meetings with leaders in germany and chai nachlt but its tomorrows highly anticipated meeting with russia president Vladimir Putin is high on the agenda. Hena daniels is here in new york with the latest. Hena, good morning. Good morning, annemarie. The United States is warning north korea is quickly closing off the prospect of a diplomatic resolution. Now during his second overseas trip, President Trump will deliver a major speech in poland in the nation and coordinating the delivery of humanitarian assistance. Meanwhile they have fired a barrage of missiles into the waters in drills prepared for more possible north korean aggression. Annemarie. Hena daniels here in new york. Thank you so much, hena. Th