A very warm welcome to the program. I am anna and words. Just facets 00 year in the u. K. Will join us in dubai. The French Banking Group reporting their numbers, q1 profit at 227 Million Euros against the estimate of 220 Million Euros. That number beating estimates on the next level, Large Customer unit net profit coming in at 163 Million Euros. Cole reportingi that trading revenue fell at the bank began a reorganization to streamline the capital structure. The cost of a rebound, that is also of interest. Remember this european Banking Sector the largest having struggled this year, at record low Interest Rates, freezing income. And turbulent Financial Markets deterred clients from trading, listing, and other matters. That is something the whole sector has had to deal with. Back in february, we heard they were selling stakes in three dozen regional banks in 18 billion euro transaction to simplify the structure, reinforce capital, and pave the way for all caps dividends. Ollanta change
Airbags. Autonations ceo mike jackson will be with us again today, joining us exclusively to discuss the impact on auto sale, talk about jamie dimons warnings on auto loans. We have a lot to talk with mike jackson about this hour. California, one of the highprofile primaries today. Were going to take you there live to speak with Trump Supporters in the bay area and look at the spending between Hillary Clinton and Bernie Sanders. In the meantime, lets get to our panel today. Rick santelli joins us from chicago. So john, what do you think . Is this rally sort of an all clear rally . A relief rally if you will after Janet Yellens speech yesterday. I dont think were there just yet. This is just another example of our market drifting higher on light vacuum, very light participation. There hasnt been a major catalyst for investors to buy in this market. And speaking to cog leagues, i need to get to this market now. I think im going to miss this run up higher. Theyre still in this wait and se
Interest rates will not be raised, and isnt this the post janet yellen speech bounce . Well, i wanted to call it the hillary highs, but prior to anything that janet yellen said yesterday, we have had a rally in important areas of the market, and it is going to bear repeat i repeating. The iwm which is the small cap indices is now up off of the lows 25 . You take a look overt at oil which is what we were worried about this time last year and the whole second time, and the oih is up 49 from the lows, and then you are looking around the world, and the all country world index, which is an index that e encapsulates everything outside of the United States, and they are rally iing. The problem with them last year, they were concentrated with a large stocks with high earnings growth, but right now, it is the opposite, because there is a boost in the areas that is nothing but bad news in some cases for years. You wanted to get a wway, steve, from the bad breath or bad breadth of the market as j
Again, we were fortunate in this regard. It is a very special place, the Columbia Gorge, but as this narrow channel through the Cascade Mountains occurs, these trains run through the middle of virtually every community along the way. They represent a rolling time bomb and citizens are right to have grave concerns. I dont think the citizens along the Columbia Gorge are mull identified by think mullified by thinking it could have been worse, we were fortunate this time. Instead what the citizens of mosier are thinking and citizens along the gorge are thinking, our concerns about these rolling explosions hazards are confirmed and we need to take serious measures so that one of these trains does not blow up in our community in the future. Now, there are inspections that take place. The track was reportedly inspected on may 31. A track detector vehicle used lasers and other technology to inspect the track within the last 30 days. But what happened . Why did this occur along this stretch of
Youre always welcome up here. Thank you. Gentleman from florida seek recognition. Yes, thank you. Gentlemans recognized. Mr. Chairman first. Thank you. And our presenters i perceive and believe that mr. Pallone and mr. Shuster are two good friends of mine here in congress. And im deeply appreciative of them all the time. Im hopeful of mr. Cramer getting to know you better. On this subject, i would echo the sentiments of my good friend. It does appear just listening to you, and this is the second time ive had that opportunity that you certainly do know your subject. And i, for one am appreciative of members who make their presentations in a manner that is not abrasive but makes it in a persuasive manner in the perspective that you hope. I also would like to borrow from our good friend from oklahoma, mr. Cole a notion of something that i believe he and i would be able to work on right away. And ive done some initial work on it. Understanding that the price of oil or today, and im not a P