And major back eye for blood testing startup theranos. The proposal is to ban the founder from the business at least two years, the wall street journal reporter behind the story from the beginning will join us in a bit. And the first president of facebook, and now tech billionaire sean parker is donating a quarter billion to Cancer Research. Hell join us live to discuss the move and his own any venture, the Screening Room, that has the movie business up in arms. The earnings from jpmorgan chase, wilfred frost has the story. First up, Energy Related losses, they were significant, but guidance for the rest of the year was encouraging. Down shamp is expected with deal activity and underwriting soft. Guidance also for m a was to remain so for a quarter or two more. However, markets surprised, only done 13 , march seeing an improvement and april okay so far. Here is what dimon had to say. I just add that 5 billion plus of trading in a quarter like this, look as good or decent returns, we ha
Of lock towns throughout the city. Traffic wasnt as bad as i expected. A lot of people took head of the warnings to stay clear of the area. First lets get to the markets. Check out the futures this morning. Youll see big gain across the board. Right now it looks like the dow futures are up by 250 points. The s p futures up by 24 and the nasdaq up by 52 points. She said it would likely be appropriate to raise rates if near zero in her words sometime later this year. The understanding we had when she spoke last week after taking q and a and stuff it seemed like a very dovish excuse at that point. Markets have sold out since then but yesterday it sounded like it was full speed ahead and they would like to raise this year. We never know cause and effect because everybody has different opinions. It looked to us like they had big down days. That would have been a switch from the markets rallying every time we heard that would have been a switch. I can think of what youve been saying. But i h
Thomas more college, we would have reacted much sooner. Reporter marshall has been placed on administrative leave. He joined the staff in 1999 and was promoted to director of Campus Safety. Sheree the president has appointed Steve Johnson as the acting director of Campus Safety saying that it is working with Campus Safety personnel to community. Mike drugs, alcohol, and rape involving a freshman. A 14yearold facing serious jail time and another has to live with what happened to her for the rest of her life. Considering the what if s. A springboro boy is guilty of rape. If there was ever a compelling story as to why underage parties are never a good idea, this one would be it. If you re the parent of a teenage daughter, this is your nightmare scenario. Reporter it started after a Football Game last september. A young girl s mother is out of town so the teenager throws a party with marijuana and alcohol. The girl gets drunk to the point where she can t talk, walk, or stand. Boys start en
Ahead of estimates overall, werent we . Were just getting some it is not a good open. Details on these numbers. It was better than estimated on both of those counts. What we see, we just got a extent theng asia country by country breakdown lastff we saw that started market by market. There was a pretty big increase in exports to hong kong, more week. The s p 500 having its worst than 30 . Week in two years. Youll remember that was the you had a drop in the small caps place where a lot of the fake index. Over the weekend, some of the invoicing toomings last year. Middle eastern markets were absolutely hammered. Alleged to have taken place. Were going to be taking a we are seeing risk aversion closer look at these numbers continue across the region and looking at that more closely today. Today. South korea also saw a jump in japan is closed for a sports day. A lot of these indicators that imports. Chinas exports from south show you risk appetite, the korea also jumped. Were still trying
Public, and we have some blast from the past sounds when he was talking with you, mr. Cramer. Yeah. Futures on the rise, and upbeat data on housing added to the positive sentiment. New Home Construction up 15. 7 in july, a rebound after two straight monthly declines. Building permits up 8. 1 , and meantime, Consumer Prices up only. 1 last month. The nasdaq closed at 14year highs. Yes, sir. I do remember march of 2000 quite well, actually. Yes. It was my birthday of that year that we hit 5,000, whatever it was. Right. Of course not to be seen again, will be a generation, but were getting closer. We are. The makeup then was different because it was cisco powering things higher. People need to remember the companies that cease to exist, and thats totally understandable, a couple billion dollar company, but the reason why things got awry was that the s p was infected with tech, radically overvalued, and at the 2,000, wow, it was bad, but there was a dramatic switch in march meaning the mon