A meeting between president obama and raul castro. The president is expected to urge castro to seize the opportunity to improve u. S. Cuba relations by expanding human rights and Economic Opportunities. For the second time since friday, north korea has conducted Ballistic Missile tests in the sea of japan. Officials say kim jonguns regime launched five short range missiles today. Earlier this month, the United Nations Security Council enacted sanctions to punish korea for another Missile Launch as well as a nuclear test. The German Government says it took in 2 million refugees last year. A 49 increase compared to 2014. Of those 2 million, 860,000 have moved to other countries. Angela merkel has resisted measures to control migration such as putting a constraint on the number of refugees. ,lobal news, 24 hours a day powered by 2400 journalists in more than 150 news bureaus around the world. Im pimm fox. Matt thank you very much. Good morning. Take a look at markets in europe. The dax ha
About 18 times because earnings are slowing and thats a premium valuation that we get when earnings are moving higher and its expanding. You can go back down. You can go back down to 1850 but you have issues coming up. One of them is the dollar to be strong and everybody is going to focus on the brexit which is a june vote but the news will pick up and then of course president ial election. You tend to look at the economic numbers that were not great. Thats good because i dont think that the fed goes you dont know what to believe when it comes to the fed because what some have called a dove fest of last week and then now this week you get some of the seemingly more dovish people talking like hawks. Well and its confusing to the marketplace and its the reason that were correcting right now and its a healthy correction. I dont think its being met with much volatility in the marketplace and looking forward over the next couple of weeks the economic numbers are going to be important. Ism m
Inflated. The market had started to deflate, but then he said it went back up again. Usually thats a bad sign. Thats a sign of things to come, end quote. On a day when the market drifted down slowly but surely, dow sinking 53 points, nasdaq dropping 0. 46 , its worth pondering mr. Trumps fuse, whatever your political orientation. It makes sense on many different levels, and the conclusions, you know what, theyre arguably right, at least for a Certain Group of People Living in certain places, namely, rich People Living in expensive places. First, we have to admit that the stock markets had a fabulous run since the bottom seven years ago. People have made huge amounts of money if they invested at the generational low, or if you held on at the meltdown and didnt own the hart rd hardhit financials. You did terrifically. So, is there a bubble . Well, if youre living in new york City Real Estate it feels like a bubble, particularly in manhattan, where properties could easily sell for four or
New model three ahead of tonights unveiling. The line is longer for the tesla 3 than it is for the apple se today. Well tell you how to play the tesla announcement without buying tesla stock. Thats coming up a little bit. I did see pictures of people with tents popped waiting to sign up for teslas. Lets start with the digital disruption facing our nations banks, hours ago the u. S. Controller of the currency sounded the alarm on the risks Financial Technologies pose to banks saying what were trying to encourage is responsible innovation. This coming just as citigroup is out with new research claiming that the Banking Industry could lose up to 30 of its jobs in the next ten years due to the rise of Financial Technology companies. We turned mike santoli on this following the story. What did you find . Both of those things you mentioned, the concern about the rapid growth and unregulated areas and potential loss of jobs is because theres really been this gold rush of Financial Technology
More than 150,000 people reportedly making reservations for the car. Putting down 1,000. The car wont even go into production until late next year. Kara, you wouldnt know that this was a day when a newish iphone was going on sale. We didnt see lines outside the apple stores. That group of people moved to tesla and lined up out there. What do you think this says about the model 3 . Its supposed to start at 35,000. Probably the people putting this reservation down are going to end up paying more like 54 or 60,000. What does it say about anticipation for the car and just the overall star power of elon muscling. I dont think theyre going to pay that much. Theres federal subsidies associated with the first 200,000 cars. Thats the whole point of the model 3. Its part of his master plan was to push out the luxury cars and then move into this market which is where most people live. Hes trying to do a car for the masses. Im not sure everybody can afford this car. Its still very expensive but it