David this is not the first time mr. Krein has not thats had to come out mr. Cryan had to come out and say we are ok. Alix it is not a liquidity issue, it is a confidence issue. That will be a key point. David we have a lot to talk about. A terrific guest to help us. We are going to be speaking live with Stephan Engels. Plans to cut almost 10,000 jobs and suspend dividends. We will be joined by steven ratner. By steve rattner. The place for the record the race for the white house. First, jonathan is here with the market. Jonathan features here in the United States, a little bit with, but the spillover the ftse down by. 9 . It it is concerns of the house of Deutsche Bank continues to grow. Deutsche bank down almost 9 and one point. We are negative for on the session so far. Bloomberg dollar index about. 3 . It is risk off and commodities. W ti and brent soft. What we have seen, safe haven bids. Poor Government Bonds perform well. Yields lower right across the curve in germany. Negative
The nasdaq has actually been leading today. That is a bit of a switch. Technology has been going in the same direction as other averages but an exaggerated move. A different scenario memo we have seen recently. The s p and dow remain lower and they remain lower than oil prices peered yesterday, we saw stocks drifting lower even as oil held up well. A different story today. If you look at oil, were seeing it down 4 . It bounced off the bottom, but still below 30 a barrel. Oil stocks are weighing on the major averages. We are seeing a lot of big percentage declines among the energy producers. Southwestern Energy Company particular, down 14 . Murphy oil, devon energy, a lot of these Energy Companies have come out in the past week or past couple of weeks talking about various ways to raise cash, whether it is sharing selling shares, cutting dividends. That has been weighing on them, also. Alix a lot of these guys reporting earnings next week like southwestern energy. Aside from oil, we had
Thats what im saying. And i think what were going to see happen, although its so remarkable and im not endorsing his candidacy, is trump is going to ride his way into the white house on a populist wave of anger at our government. And what does the market do if that happens . Goes straight up. You think it goes straight up. Yes, sir. And ill tell you why. He wants to solve the problems that we really have here in terms of straightening out the tax code which i think is a big holdback on these equity markets right now. It doesnt let our companies compete. I think well get a mandate in there, and look, im not endorsing the candidacy here. Im just saying whats going to happen. Well, as an investor you sort of are. Look at it this way. Im going long the anti hillary. Im putting up positions of biotech and phrma, because i think shes going to lose. All right. Im not quite in agreement with kevin. Ive got to disagree. First off, if trump gets elected youve got a real wild card in what has to
Case. The headline is the judge has dismissed the competency case. The winds that fight. Chairman of a company that is privately held. He is also on the board for cbs. Good afternoon. I am alix steel. The great fed disconnect. There is a chance of a rate hike in june. They are warning to not cannot the fed. Torlet, there is a new vote impeach the brazilian president. Crudethe Worlds Largest exporter must find a way to compete against shale. Head over tos julie hyman. Its been a mixed day so far and i please. Julie there is not any reaction to the news about sumner redstone. He is 93. Lets look at the major averages. The dow is down a quarter of percent. It turned lower mid morning. It has not recovered. Fluctuate, averages its been in a tight range today. We bounce back from two weeks of losses. S p, weve at the seen that bouncing around a little bit. Here is not ae very big one. Weve been talking a lot about how investors dont have a lot of confidence in the rally. One of the ways we
And so cold. Meanwhile jeff bezos is at amazon selling 7 million worth of his shares. That stock has reached a 3 trillion market kapp. Were going to have a stock brawl on what to do with amazon coming up. Everybody loves to debate amazon. Then theres the jobs report coming in this morning coming in below expectations. Does this guarantee a summer without a rate hike. Thats also coming up. But lets start, though, with the nasdaq on pace for its first threeweek losing streak since midjanuary. Bertha coombs running down some of the biggest losers for us, bertha. One of the biggest losers is apple as well as nasdaq has come off the lows. Take a look at apple trading low. Weve gotten a bit of a lift this afternoon as we receive a little bit of buying come in on facebook, amazon, and netflix. The usual fang names have been Holding Things up, but that move on apple, down for three weeks in a row, is really part of what is causing that downward plunge on the nasdaq. But a small cap here today