Axa announces plans to float a Minority Stake in its u. S. Operations, as the french insurer reports First Quarter revenue shy of analyst estimates. Ings First Quarter underlying pretax results exceed expectations, but the companys cfo tells this program demand is still soft. Demand is still quite low. So you have to work really hard in order to get your lending volume in. Thats why we are so flash and happy with the 5. 7 billion. Good morning. Glad youre with us on wednesday. We have a lot to get through. Lets kick things off. A Stunning Development in washington. President trump has fired fbi director james comey who had been conducting an investigation into possible connections between trumps president ial campaign and russia. According to a white house statement, trump acted on recommendations from Deputy Attorney general rosenstein and jeff sessions. Bot richard burr the republican senator leading the Senate Investigator into the possible russian ties said he is troubled by the ti
Overnight in asia, the nikkei flat. Hang seng and shanghai were weaker. The shanghai down by 0. 8 . In europe this morning, some of the early trade, just 24 hours after that announcement from british Prime Minister theresa may about a new snatp election, things have turned around. Yau european markets in the green. The cac and dax up by 0. 3 . The tenyear yield in the United States fell to a low of 2. 165 on tuesday. That was the lowest level since november 10th. Well keep a close eye on that today. The tenyear yield now is sitting at 2. 209 . Well have much more of this coming up later this morning. Lets get you to some other big stories. In earnings news, ibm reported Quarterly Earnings that beat expectati expectations, but sales fell short of estimations. Revenue declined 3 from a year ago. That marks 20 consecutive quarters of revenue decline. They have long talked about those revenue being empty calories, but a big debate about that remains. Youre looking that the stock down 4. 5
Stuart look at this, please, this is the trash left behind by the Climate Change crowd after marching through new york city yesterday. Plastic bottles, cardboard posters, all over the place. These are the people most concerned about the environment . I listen to what the head of the World Meteorological association said recently about carbon emotions. Carbon emissions good we know without a doubt our climate is changing and our weather is becoming more extreme due to human activities such as the burning of fossil fuels. We must reverse this trend by cutting emissions of co2 and other Greenhouse Gases across the board. Last one. We are running out of time. Ive heard that one before. As you and caps off climate week in new york, we bring in meteorologist janice dean. Is there a link between human activity and Severe Weather . I dont think we are going to know. We cant even get a five day forecast correct. Stuart you are not prepared to know . How are we going to know what will happen in
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