Sluggish, not just for the foreseeable future but through the holidays. Guy we are watching what is with the pound. The pound is not reacting to mr. Macrons with the pound. Statements. It is more about earnings than anything else. 7 , the dollar is down. 7 on news of that brief truce in syria. Union the european looking for titfortat tariffs with the u. S. Over dispute about illegal aid to aircraft manufacturers. 7. 5 billion worth of e. U. Goods ranging from planes and lots more. He is coming to us from washington, d. C. , where he is attending the world bank meetings. Today is the latest round in tariffs ongoing throughout the world. We also have data out of china suggesting tariffs are impacting growth. What is your outlook for how things progress in the next quarter . Mark i think investors around the world and certainly here at the meeting are focused on this trade issue. We are seeing the tariffs come through into slower Economic Growth. In our global strategy, we are looking mor
Happening. Best Performance Today for Deutsche Bank since 2011. Best in five years. Meanwhile hijacking security cameras and other socalled smart devices. We got the details on several internet attacks own the fallout for the internet of things, one of the hottest trends in technology right now. But it may have a very bad achilles heel which well discuss. Nutanix can become a household name. Could it be the best performing ipo of the year. Its up 124 adding almost 20 to trade above 35 as we head into the close and see if this paves the way for more ipos to come. Somebody left an awful lot of money on the table with that ipo. Lets start with this rally. Bob pisani has that story. Im in a good mood because the quarter is ending on a decent note overall. Take a look at the s p 500. S p is up 3. 5 . We had a rally after brexit after a couple days of drops. The only drop we saw was the comments a few weeks ago where he thought it was a good typical to raise rates. We bounced back after that
Yes you are. Where are you . I am at the conference in midtown. Bloomberg justat dont want us together. All last week you were in vegas. Now i am across town. I just set down with mary jo white. I will share that interview with you in the next hour. We are going to be speaking with some of the smartest minds and biggest voices in terms of regulation. Forward to it. We will talk with greg fleming from Morgan Stanley. I want to get everybody started with the bulletin. The cost of being too big to fail just went up again. The Financial Stability board proposes new rules to have ranks have loss absorbing capacity. This would be about a third of this in debt. Once you figure it figure in s, banks may have to maintain 20 of assets. Those western sanctions are sinking russias economy. The bank of russia protects that gdp will stagnate next year. This is because of the conflict in ukraine. The central bank also said that the ruble has fallen too far and that sent currency trading higher agains
This has been a turning point hour for the past couple of sessions. The hour of power. Sue herera monitoring it all from downtown. The markets did bounce right at the open. Not a huge bounce but the bulls will take it. Were in the green across the board. Is dow is up 52 points at one point, were now up 29 on the dow. Up 2 1 2 in the nasdaq and the s p is up 2. 50 as well. Well see some those gains waning, well monitor it throughout the hour. Breaking news on the housing front. Scott cohn on a huge lawsuit involving the big mortgage mess. These just keep on coming, sue. Once again a major bank hit over the actions of a company that it took over during the financial crisis. In this case the Justice Department says that bank of america continued the fraud that it started that had started at countrywide which it took over in mid2008. According to the civil suit filed by a manhattan u. S. Attorney, as the Housing Market was beginning to collapse in 2007, country wide launched a program code
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