I wanted to point to the mexican peso. Has not moved much today but we are keeping an eye on the earthquake that struck the country. Now lets get a status report on the credit markets. 13 u. S. Companies sought bankruptcy parks section protection last week. It comes even with the intervention of the fed which has injected liquidity across the markets and given borrowers. For more insight, lets bring in srikanth sankaran. The last time we spoke, we were already seeing a calming in the credit markets. Where do we go from here now that the fed has backstopped entire curve in the credit market . Srikanth our thesis over the next 12 months is we get a grind tighter with respect to spreads. Our call is for credit markets to deliver positive exit returns across investmentgrade and highyield markets. Effectively, you want to be more selective, but at the end of the day, this is an environment where you have to look at rerisking portfolios in times of weakness rather than missing out when the m
Cheryl that will wake you up, 5 00 this morning in new york. Ashley good morning. Cheryl welcome to fbn a. M. Good morning, im cheryl casone. Ashley im ashley webster. Cheryl the markets are looking good right now. We have green arrows across the board. We are waiting for earnings from kroger, tiffany, express. The nasdaq is up 22 andahalf right now. Ashley whats been going on in asia overnight while youve been sleeping, most of the asian markets moving higher. The only fly in the oin the oin. Cheryl the dax is a little lower. Just went up by a quarter point. Democrats say theyre all in on impeachment following a marathon day of testimony on capitol hill. Four law scholars went head to head over what constitutes he removing a president from office. Ashley Hillary Vaughn has details. Reporter three law professors invited by the democrats to join the House Judiciary Committee to give their take on the constitutional grounds for impeachment say the information inside the Intelligence Comm
Right now. Well take more of yesterday today that is for sure. Welcome to fbn am and good morning im cheryl casone. Hey cheryl good morning everybody. Im lauren simonetti. Yeah well it is a great morning for your money investors gobbled up stocks yesterday. Also major indices were set to open at record high this is morning right now were a little bit to the downside. Back to change, though, the dow is down 12 s p up one and three quarters nasdaq down one and three quarters but the dow could if things turnaround hit a 100th record close today under President Trump. Thats unbelievable. Records indeed set yesterday, the s p 500 and nasdaq both hitting all time high as you can see on this screen. If youre keeping track, with the s p had its 24th record close of the year. The nasdaq had it 19th. All of these new highs are under President Trump. That tech heavy nasdaq led the way with 114th record close that was powered by technologying toes trade optimism there and s p is 10 4, dow hitting
Biotech getting a bounce in the back of biogen two names you need to watch in the space. Halftime report starts right now. Welcome. Good to have you with us our Investment Committee today, joe, stephanie, josh, brynn is back lets begin with this big day for earnings stefrl dow stocks are moving this hour. Lets talk about some of those right there. Stephanie link, you go first mcdonalds is a drag comps below. They had the first eps miss in two years. Oh, my goodness, your sale completely out of this Company Earlier or later last week, whenever it was, looks good today. I actually thought it was going to be worse than what they put up today a 5. 9 global comp is impressive but the problem is they have to investment invest substantially to keep up with the competition. While i liked the story a while ago because of the Digital Initiatives and the ceo and all the things he has been doing they have to spend you dont get the operating leverage positively i was looking for. I got lucky, but i
A go was inspired by his suspicions that mr khan was poaching Credit Suisse talent and clients on behalf of his new bosses at rival u. B. S. Reuters is citing a lawyer for arm investee go and a swiss financial blog for a report that the Credit Suisse contractor who directly hired the private spies died by suicide last tuesday Credit Suisse as head of Global Security also resigned in the wake of the scandal while the banks board officially found that former c o 2 was not informed about the spying john tanner the chairman of the Audit Committee impaneled by Credit Suisse characterized their findings. The dismissed youve already. Decided to initiate your position. There is no evidence to suggest that you just just a decision with the chief executive officer any member of the executive board of the chairman. Is Jim Mcgreevey to. And the hits keep coming for the venezuelan state as they lose yet another round in court in their waning struggle to keep their u. S. Refining and sales out lets