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Im brian sullivan. Your money steady this hour. You can see the major indexes, fractionally higher. Because theyre not moving a lot doesnt mean theres not money being made the banks, bank of america up nearly 2. 5 . Sink k synchrony, all all kellogg hitting twoyear lows. No one eating cereal anymore, but they are using microchips. Moik kr micron is rallying im in santa monica, if i had to move one place in america, as you know, it may well be here to santa monica were here for the tour that brings together some of the nations most dynamic ent from n entrepreneurs and innovators how theyre turning things upside down. Joining me over the next couple hours, from the black swan group, chris voss. A lead International Kidnapping negotiator hell teach us how to negotiate like your life depends on it and well hear from the cofounders of cavu venture. They are the folks behind such drinks as the popular water drink, vidacoco, ch ....
Thus far for the three major averages. For the dow, it is since midoctober. Of 109 break that streak sessions without a 1 loss in the s p 500. We have had this lackluster trading action in terms of volatility and movement in volume. It was the lowest Trading Volume of the year yesterday. Volatility taking up and stocks are ticking down. We are seeing a broadbased selloff as well. Only utilities and Consumer Staples are higher. Financials steeply declining today, down 2. 6 . Materials come industrials, tech, discretionary and Energy Falling today. I want to focus on the financials in particular. The flattening of the yield curve is starting to take its toll on the financials large and small. Heres the financials xls down 2. 7 . Down 2. 7 . Evidence of the Regional Bank< ....
Thus far for the three major averages. For the dow, it is since midoctober. Of 109 break that streak sessions without a 1 loss in the s p 500. We have had this lackluster trading action in terms of volatility and movement in volume. It was the lowest Trading Volume of the year yesterday. Volatility taking up and stocks are ticking down. We are seeing a broadbased selloff as well. Only utilities and Consumer Staples are higher. Financials steeply declining today, down 2. 6 . Materials come industrials, tech, discretionary and Energy Falling today. I want to focus on the financials in particular. The flattening of the yield curve is starting to take its toll on the financials large and small. Heres the financials xls down 2. 7 . Down 2. 7 . Evidence of the Regional Bank< ....
Im tyler mathisen. Three hours left in the trading session. Stocks are really holding in the red, but really not by much. Look at the numbers. Very minor moves. Checking the names you might own, apple the only one on this list here in the green. And it by half a percent. Alphabet or google, microsoft and jpmorgan off fractionally. Im michelle carusocabrera. The imf says it is lowering the 2016 u. S. Growth forecast again, blaming economic setbacks in the first half of the year. Twitter shares under pressure following a downgrade at loop capital. More on that call ahead. Durable goods orders Holding Steady in august. Economists were expecting a drop. Brian . We have a big two hours ahead. Hi, everybody. Im brian sullivan. Lets start with the banks. Steve liesman and woolford frost are here. Lets listen to what fed chair janet yellen just said about u. S. Banks. We are undertaking a look, comprehensively, not only in the consumer ar ....
David, great to have you with us. Nice to be here . In your view what the odds that valeant befaults because it cant meet the filing deadline for its annual report . I think there is a meaningful chance that it happens. A couple things that i would upon out here. Without knowing all the specifics of accounting issues this is a company that has made dozens upon dozens of acquisitions. The accounting is highly complicated some. He when it comes to default, you really cant rule anything out. I think thats one of the reasons the stock is down as much as it is. Why did it take you so long to downgrade the stock . Why wait for the stock to fall 45 , lose 10 billion in market cap to tell people to sell the sell when the issues, the accounting issues, the levels of tent you flagged in their report they existed long before todays Earnings Report . I would just like to point out that we went to a neutral on the stock from a buy over four y ....