7. 75 . Very much under pressure. Vonnie we do have another headline from the Federal Reserve. It turns out the fed will help liquidity and banks even further. The fed will let banks delay the capital hit from the loanloss accounting rules. Banks can mitigate the capital hits for up to two years. Banks also allow the new tools assessment counterparty risk, and this is all on a statement from the Federal Reserve and the last human its. In the last few minutes. Week, including last weekend of very difficult liquidity conditions, particularly for nonfinancial but also for the banks and major banks. Week, including lastwe are not seeing too much relief in the markets. We are seeing the s p 500 down 3. 5 and the dow off its lows but still down 3. 8 . The nasdaq down 3. 5 . At 65 and avix dollar index that continues to weaken. We had a headline from the imf a few moments ago which suggested that 80 countries, including countries have requested aid. The managing director of the imf does not t
Right now on the russia controversy. Well go there live in a few moments. Major banks out with earnings. Jpmorgan with a quarterly beat stronger loan demand offset a decline in trading revenues. Citis results also above consensus, helped in part by lower costs and better than expected trading revenue they both mentioned brexit a year ago, jim. Really helped trading and yearonyear comp is tough joe asked me earlier which is better and i went with citi no slight to jpmorgan, their quarter was excellent, too theres fantastic growth how about this statistic you know that jamie dimon bought back 4. 5 billion worth of stock, even though the stock is up at 97, scitigroup had every line item better than expected citi gave what was considered an analyst day. And i sat down with mike korbat, the ceo on analyst day, skpeman everyone told me, pie in the sky, he exceeded everything that he said. It is a best in show situation theyre buying back 60 billion worth of stock walmart buys back 20 million
Reporter just to get back to the thing that happened a couple days ago. The president tweeted that they problem with the emigration is the democrats dont want secure borders. They dont care which the safety of the usa. Do you think that is a fair characterization . General kelly how i would put it is that there is a an element let me step back and say i that honest men and women can disagree on anything politically or otherwise. For one thing, i draw a line on the security of the nations. There are people in our country who have the opinion that open borders are fine. People should be able to come and go. There are others, myself included, you can bet the president , i think the majority of americans feel as though security on the borders is important. How you achieve that is a different story. I have great relationships with the mexicans. We have great relationships relationship with the mecca with the mexicans. In my view, we suffer more from the hard drive demand which we do not see
Growth agenda in washington, d. C. Because of the russia investigation. The russians. Aiding the russians. The russia investigation. And whether the Trump Campaign colluded with the russians. Liz welcome to risk and reward, im Elizabeth Macdonald in for deirdre bolton. His tax reform, Health Coverage reform, new infrastructure bill, even the border wall now on hold, it appears, as the president s firing of fbi director james comey has cranked up the russia trump collusion scandal factory now in overdrive. But here are the facts. There are ten fbi congressional investigations already into russia. 7. 5 senate, three at the fbi. The fbi even set up its own unit at that probe. Also the Trump Administration has been pushing back on russia. No listing sanctions there. Russian ally is another example after dictator Bashar Alassad used chemical weapons on his own people and secretary of state tillerson have both publicly called out russia in overseas remarks. And according to un ambassador nik
First, we start off with the move in Health Care Stocks today. The sector rallying more than 1 , surging to an all time high. This as bio tech stocks continue to break out, tracking for their best week since after the Election Health care, the best performing sector for june, so did we just witness a major rotation of the market and could health care be the next hot area of growth. Yes to all of that . I dont know about all of that your last thing. Then i sort of tune out. I get that. But now, absolutely. Is there a rotation going on im not serp, be but i think people are realizing that valuations in health care make sense. Maybe bio tech isnt under the mike scope we thought it was and now, youre having some listen, i dont think the pfizer, Bristol Myers deal is going to happen, but when you start to hear speculation about things like that, it lead to a Healthy Group for the space. Its led by celgene. Look at the performance small u to mid cap names xdi is is up what, 30 plus percent .