Third. Hang seng down 0. 2. European equities, heres a look across the board. Seeing red, that is bleeding over into our markets. The ftse 100 the worst performer, down three quarters of a percent. The german dax, relative outperformer, down 0. 1 there. As we keep an eye on the trading in that session. Crude, obviously continuing to be important for the market. Kind of hovering around these levels here. 51. 52. Wti, brent both up a bit. Nat gas making a move as well. It has been whipsawed around the last couple of weeks. Ecb holding its first policy meeting of the year. President mario draghi will hold his normal News Conference at 8 30 a. M. Eastern. Last month they decided to extend the Bond Buying Program until late 2017. Look at the euro. We are trading 1. 06 versus the dollar, the yen, 114, and against the pound, 1. 23. In the u. S. Today, fed chair janet yellen will deliver another speech. This time in stanford, she will take questions from the audience. In remarks yesterday, a h
And we do say good morning to you on this thursday. It is a busy one, especially here on the east coast. The strongest winter storm of the season. Thats right. Just started actually behind us. Check out the radar. Major cities are expected to see significant snowfall. Philadelphia, new york, boston, more than 32 Million People will likely get more than 6 inches. A look at the current advisories right now. Winter storm warnings stretching from southern new jersey all the way to portland, maine. Even blizzard warnings in parts of new york and massachusetts. And the storm is causing a Ripple Effect at airports across the country. Airlines have already canceled nearly 3,000 flights. Most of them at Newark International in new jersey, bostons Logan Airport and new Yorks Laguardia and jfk airports. So, the timing is really important in all of this and could make for a terrible morning commute. The storm will hit during the morning rush hour. Accuweathers Justin Povick has the timing and the
Solid progress, janet yellen saying growth may have a higher rates, regardless of president trumps policies. Lets get underway, midweek session. When it comes to markets this week, we have shanghai, kuala lumpur starting off their session. A lot of things to discuss, david . David a lot of data coming through. But there was an underlying theme. We had testimony from janet yellen. It is all very positive. A bit more hawkish than expectations. This feeds into the narrative that the Global Economy is doing rough. The data that is come through, quite solid. We talked about china a lot. 144. 19 is the regional benchmark. 114. 3,dle to pass is that takes you back 2014. You have japan all day yesterday, the dollaryen pushing higher. Australia, you have the banks and minor stocks on the way up. Taiwan, a quick mention of that market. They have been up for five or six straight days. , a place ofollar concern for policymakers. The gdp will come up later on. When you look at the start, it has got
captioning performed by vitac so one of the pushbacks that we will get, theyll say its a little bit of strong man argument. If you take a two trillion dollars bank and you divide it up into 2000 billion banks and they make the same mistakes, has safety been improved and thats a very fair question. If you really had 20,100,000,000,000 banks, each with their own boards of directors, theyre not all going to make identical decisions. The point is still taken. A lot of little banks does not necessarily safer than one giant banks if they all take identical positions. I go back to the savings and loan crisis, a thousand little banks failed in america. It was costly for the country. Was there any risk of a National Economic collapse or Global Economic collapse . No. So if we can encourage diversity of use and opinions i think were going to be better off and thats why our capital standards start at 250 billion and above. Smaller banks end up having the Capital Requirements they have today. So t
More important for retail eers. What do they it like . What do they hate when it comes to retail . Power lunch starts right now. Happy monday. Im melissa lee. The dow, s p 500, nasdaq posting their best gains of april but that got wiped out. Stocks are moving higher, though. Some stocks were watching this hour tesla, the electric carmaker, now the most valuable u. S. Ougautomaker. And shares of rentacenter soaring. They say they are not exploring a sale, despite coming under pressure to sell. President trump set to meet with some of the nations top ceos tomorrow. 27 billion for toshibas computer chip business. As we head into the driving season, up 9 cents over the past two weeks to 2. 43. Michelle . They want the mon y back. Wells fargo chairman speaking about it first to wilfred frost. Exclusively. Lets get to the story, the board has reclaimed a 47 million off pay on top of the 19 million. And terminated her for cause. Here is chairman sanger who oversaw the board review. The root c