They are keeping money in safe haven assets like the yen and gold. To president obamas trip the region. He wraps things up. Disappointingre for the chinese corporate with the exception of the banks ironically. I will be back with more details. Concerns for chinas top banks managing to boost a profit. Look at the details. What have we got behind this . We have doubledigit profit increases in the first quarter. The biggest profit increase in the year. These banks are reporting wider at lending margins in the quarter. This is curious given there is so much exposure on bad loans, the fact that bad debts are rising. They are setting aside more money to deal with it. China Construction Bank is up 10 . At atock is trading lower moment in hong kong. Lower ins are trending general today. The Agricultural Bank of china also out with results. It is benefiting permits largely rural Customer Base buffeting asset quality. Oft actually match tank china, which reported 14 gain in firstquarter profit a
They arent expected to grow much when First Quarter profit reports start coming out tomorrow. Send small children out of the room, we warn you as we show you these numbers. The dow down 166 points. The nasdaq completing its worst threeday slide since november of 2011. It was off another 48 points today. Falling to a twomonth low. And the s p 500, it hit an alltime high just a week ago but today down another 20 points, capping its worst threeday slietd in two months. We have two reports on todays selloff. Bob pisani at the New York Stock Exchange but we begin with sheila at the hardhit nasdaq. Despite the overall losses, some traders were encouraged by todays action. Pointing to pockets of strength from sectors that were recently under pressure. Biotech, for example, which has been a weak sector, did see a bounceback today. The nasdaq biotech index hosted a gain in companies ended the session on an up note. Also socalled momentum stocks that consistently move in a direction regardless o
So do earnings. They arent expected to grow much when First Quarter profit reports start coming out tomorrow. Send small children out of the room, we warn you as we show you these numbers. The dow down 166 points. The nasdaq completing its worst threeday slide since november of 2011. It was off another 48 points today. Falling to a twomonth low. And the s p 500, it hit an alltime high just a week ago but today down another 20 points, capping its worst threeday slietd in two months. We have two reports on todays selloff. Bob pisani at the New York Stock Exchange but we begin with sheila at the hardhit nasdaq. Despite the overall losses, some traders were encouraged by todays action. Pointing to pockets of strength from sectors that were recently under pressure. Biotech, for example, which has been a weak sector, did see a bounceback today. The nasdaq biotech index hosted a gain in companies ended the session on an up note. Also socalled momentum stocks that consistently move in a direct
Pros worried. So do earnings. They arent expected to grow much when First Quarter profit reports start coming out tomorrow. Send small children out of the room, we warn you as we show you these numbers. The dow down 166 points. The nasdaq completing its worst threeday slide since november of 2011. It was off another 48 points today. Falling to a twomonth low. And the s p 500, it hit an alltime high just a week ago but today down another 20 points, capping its worst threeday slietd in two months. We have two reports on todays selloff. Bob pisani at the New York Stock Exchange but we begin with sheila at the hardhit nasdaq. Despite the overall losses, some traders were encouraged by todays action. Pointing to pockets of strength from sectors that were recently under pressure. Biotech, for example, which has been a weak sector, did see a bounceback today. The nasdaq biotech index hosted a gain in companies ended the session on an up note. Also socalled momentum stocks that consistently mo
Activity. If you see something, say something. And governor can drew como took the unusual step of offering a 100,000 award described the complex escape earlier today. This was an elaborate plot. If it was in a movie script you would have said it was overdone. It took a number of days theres no doubt and it took equipment that they should not have had. And that then generates the question how did they get the equipment. Did they get it from a private contractor. Was there a civilian employee cooperating and thats what were looking at. We have a lot to get to. Governor cuomo points out very elaborate escape scheme likely not hatched overnight. Of course not. There is definitely a thought, premeditation and planning in the execution. Where did they get the tools they needed to be able to make the escape . Who didnt do their job properly. You dont escape from a security prison like this without somebody on the inside helping you along the way which is a huge problem. At the same time i me