Clear focus on financials. Deutsche, the euro, spreads after the worst day for stocks in two weeks, europe lower on pressure from the banks, euro under the same fate. Oil taking a backseat for now largely unchanged. Road map will begin with what else, deutsche and capital concerns rattling markets around the world. The ceo attempting to calm the waters, will that work today . Its not just overseas, of course here in the u. S. Wells fargo is back under fire yesterday after ceo john stumpf faced angry lawmakers in the house of representatives. And the last day of the quarter, tech leading the rally. What does q4 portend . But first up, deutsche shares slumping to alltime lows in frankfurt trading taking the european Banking Sector with it, thats on concerns about deutsches Capital Position and reports that hedge funds are reducing their exposure to the bank. The Ceo John Cryan defending his company in a letter to employees saying due to ongoing rumors, talks about their liquidity reserve
Hillary ill release my taxes when you release your emails. Let her release her emails and ill release my tax returns immediately. Kennedy she probably hit her emails with a hammer. Donald trump would be the only president ial nominee not to show his dough before the election. Nobody cares about it. Im under a routine order. When the order is complete i will release my returns. When the audit is complete i will release my returns. I have no problem with it. Kennedy when the audit is complete he will send a tweet. If it doesnt fit, you must acquit. Kennedy they will continue to slap each other with various gloves. Let us see your Goldman Sachs speech transcripts and i will fly you around on trump force one. No one cares about his tax returns, this is all about hyperbole and emotion and who can paint their opponent as slightly less likeable. So why is she so hell bent on setting her peepers on his tax papers. Clearly his tax returns tell a story the American People deserve and need to kno
And with a Golden Ticket its a golden day welcome to squawk alley. John and kayla and myself at post nine as we watch yet another rally fade away on some more bearish than expect inventory numbers on oil. Well watch that today. Meantime, the former coo of twitter and a partner at y combin ator. Its great to have you back. Good morning. A lot to talk about. Thank you, carl. Well start with apple. Last week according to the intercept ceo tim cook criticized the white house for a lack of leadership on encryption. Of course, tech ceos are anything but yawn itd on this topic. Heres what blackberry john chen told john fort last week. I think theres just not an organized effort for it. I think this job, you are correct, you are not missing anything. Many of us have a different position and a different view of it. Some of us feel stronger than the others. I think theres really eventually it needs to come from an organized effort and maybe the government this is a private Public Sector conversa
A flood of corporate headlines this morning. News to bring you on ge, intel, Goldman Sachs and many other closely followed names. But first our top story. Market turmoil. U. S. Equity futures pointing sharply lower as you can see. 243 points were expected to open down for the dow. The nasdaq down by around about 80 points and the s p expected to open down by about 28 points. Lets have a look at oil price which is have corrected to the down side today. A little bit of a bounce yesterday of course but were locking at below 30 for wti. Below 30 for brent and that reprieve yesterday seems like it will be short lived. Perhaps technical in nature because futures are down sharply. Heres what you missed while you were sleeping. What happened in asia overnight can be part of the story here. Shanghai stocks entering bear market territory which means theyre down 20 from the december 22nd peak. If youre having a case of deja vu thats because this is the second time china has dropped into a bear ma
Switzerland, and raised 1. 2 5 billion swiss franc. Apple taking advantage of record low borrowing costs across the country with bond yields headed to negative territory. Apple has tapped into 39 billion since april of 2013. Borrowed to pay for vivax and dividends 158 billion overseas cash pile. Goldman sachs says it hired just 3 of the 267,000 people who apply for jobs that Goldman Sachs. The ceo called Goldman Sachs the employer of choice in the industry. The bank is breaking out numbers for fixed income trading with Interest Rate products generating 90 percent of the revenue in the past five years. Space x is securing leasing rights, the firstever landing pad at Cape Canaveral not a takeoff pad. Companies like asus x, it says it will transform the missile launching site and landing pads for rocket boosters. The agreement was for five years and now it is set to you prove it can land a rocket safely back on earth. A cool video. A second launch is scheduled for later today area to the