On cnbc. Im sara eisen. And im wilfred frost. Good morning from me as well. First, todays political story, ted cruz dropping out of the race after losing yesterdays indiana primary. With a heavy heart, but with boundless optimism for the longterm future of our nation, we are suspending our campaign. But hear me now, i am not suspending our fight for liberty. The move effectively makes donald trump the gops candidate for president. In a tweet rnc chairman Reince Priebus calls trump the Presumptive Republican nominee and calls on the party to unite and focus on defeating Hillary Clinton. As for the democrats, Bernie Sanders got a surprise victory in indiana. Much more on the political story. The wall street set up after an ugly day, another selloff on wall street yesterday. At this hour, early futures indicating a lower start. Dow futures down 45 points. S p futures down 7. 5. Nasdaq futures down 15. Nasdaq in particular has been an underperformer. Its finished lower eight of the last ni
Victor cruz, how he has received quite a following which includes the music mogul jayz. All that and more over the next hour. But first headlines from carol massar. After the close of u. S. Trading, lower fourthquarter profit. The companys declined from the power plants it is building in the southwest. Falling to 65 million from 150 4 million earlier. The stocks are falling in afterhours trading. Dreamworks posted fourthquarter revenue that missed analyst estimates. Video sales fell short and fourthquarter results including a charge of 13 point 5 million related to the performance of turbo which was released in theaters. Morgan stanley has agreed to pay the u. S. Sec 275 million to probe into the sale of Mortgage Backed securities in 2007. At this hour, the u. S. Senate panel is releasing details of the twoyear investigation into Credit Suisses efforts to dodge the tax man. A hearing will feature top officials from the Justice Department. Peter cook has got the details. Credit suisse i
And it was worth it or not. Has received how he quite a following which includes the music mogul jayz. All that and more over the next hour. But first headlines from carol massar. After the close of u. S. Training, lower fourthquarter profit. The companys declined from the power plants it is building in the southwest. Falling to 65 million from 150 4 million earlier. The stocks are falling in afterhours trading. Dreamworks posted fourthquarter revenue that missed analyst estimates. Video sales fell short and fourthquarter results including a charge of 13 point 5 million related to the performance of turbo which was released in theaters. Morgan stanley has agreed to pay 275 million to probe into the sale of Mortgage Backed securities in 2007. This hour, the u. S. Senate panel is releasing details of the twoyear investigation into efforts Credit Suisses to dodge the tax man. Will feature top officials from the Justice Department. Peter cook has got the details. Credit suisse is about to
Gerri we begin tonight with breaking news. Congressional investigation led by senators john mccain and carl levin is about to blow the lid off of a report how some of the wealthiest americans hid billions of dollars from the irs, all in thousands of secret swiss bank accounts. But the report doesnt just go after the swiss banks. It goes after the federal government itself for its role in the scandal. Fox business senior washington correspondent peter barnes is here with more. Peter . Hey, gerri. Thats right. Senate investigators are alleging Swiss Banking giant Credit Suisse went to extreme lengths to help wealthy americans evade u. S. Taxes and wants the Justice Department to more aggressively go after swiss banks and american tax dodgers. Senate permanent subcommittee on investigations, said at its peak Credit Suisse serviced more than 22,000 u. S. Customers and data from the bank suggest that is the vast majority of these accounts were undeclared to the Internal Revenue service. The
Them to be at their full capacity, and the only way we achieve this is by dredging some of these areas where weve seen some major problems. The bill also makes Critical Reforms to our nations rivers and waterways. The inland waterway system in this country spans 38 states and handles approximately one half of all inland waterway freight. With many maintenance and Construction Projects years overdue, the inland waterways are in dire need of major rehabilitation. The inland Waterways Trust fund which funds these projects is in steady decline and if we dont strengthen it, the industries that so heavily depend on the inland water system and the people that work for these industries critical jobs will suffer. That is why i cosponsored the river act with senators casey and landrieu to help move forward major instruction Construction Projects on the inland waterway system including locks and dams on the mississippi river. Other provisions of the river act are included in the final wrda bill i