Hello, im matthew amroliwala, welcome to verified live three hours the German Foreign ministry has summoned the Russian Ambassador after arresting two men suspected of spying and planning Sabotage Attacks on military sites. German prosecutors accused the men of plotting an explosion, and being in contact with the russian intelligence service. One of them had been photographing potential Military Targets in germany, including us Military Facilities which assist ukraine. The arrests came as ukraines Prime Minister warned the bbc there will be a Third World War if ukraine loses its conflict with russia. In a moment well speak to our correspondent Gary Odonoghue in washington, but first, our security correspondent, gordon corera, is in our newsroom. With gordon corera, is in our newsroom. More on those gordon, with more on those german arrests, gordon, tell us what the authorities are saying about this plot. Are saying about this plot. There does seem are saying about this plot. There doe
Happening. Stocks are moving higher at this hour. It feels like investors are shaking off fears about the debt standoff between europe and greece, but folks, the action is really in oil. Prices plunging again after the International Energy agency warned of more selloffs in the near term. We begin with fears in the bond market. Were talking about, yep, puerto rico, and its debt crisis sending its bonds to record lows. Why does it matter to investors here . Many hedge funds and big Bond Investors have exposure to puerto rico. Kate kelly has more on the fallout. Big legal news the last few days on puerto rico which has been struggling with over 70 billion in debt as well as highend employment and other Economic Issues for some time now. On friday a federal judge blocked the islands efforts to restructure certain debt through a new law known as the recovery act that was passed last summer. The law was intended to help agencies like for example, the purity wroe ricco electric Power Authorit
That is only one hour away and it always happens during our show and it could be a real market mover for you. We begin with Hedge Fund Ties and steve cohen. A year after he turned hedge fund into a privately held Family Office he continues to beat the market. Kateicle we a look at the Trading Floor in stanford, connecticut. Over to you. Thanks so much and the i think the market is a great place to start up. Never before had a Television Camera here on site. Steve himself is here and trading as well at his own trading station. They are having a good year so far. They are up about 8. 5 . Thats good in light of the markets. Last year as well. They beat the market and they had returns north of 13 . A good run in a month or so. What im told at the moment is cautious about the u. S. Stock market. We could see flat kplafr and a slight tick down. A cautious outlook and not a strong view one way or the other. I came from a meeting and the president of the firm who was recently hired along with
The markets suffered a correction. The more concerned some investors become. Despite this the next guest says investors should get invested and stay invested in equities. Hank smith is chief Investment Officer who manages 6. 5 billion in assets. Welcome and thank you for sharing your insights with us but i got to be the contrarian and the contrarians have been wrong since january saying Global Market will lose steam and get a correction and we havent seen it yet. Even julie we will so isnt it time to take profit . Eventually we will but at higher levels. Therefore you are not doing yourself any good. Lets forget that the market is up 26 this year and lets focus on this. The economy is expanding, profits are rising, Balance Sheets are in exceptionally good shape, we are flush with cash, valuations are reasonable, not attractive or undervalued. What is not to like about that scenario . Dennis in the past earnings season we have seen some companies missing on revenue. Earnings they are ma
About to speak, an hour from now, the tenyear yield certainly becomes important, at two seven. Interesting. Nothing really nothing. Yeah. Give your ro europe before w talk about yellen and the news of the morning as well. You can see largely green over there. What are we thinking . You know, wheres the focus here when we listen to her an hour from now start her first testimony, in the house and in the senate later in the week . Well try to figure out whether 6. 6 is the issue. The Unemployment Rate. Because weve got so many other contraindicaters of weakness, the employment number, the nonfarm, obviously not that great. I think what she has to do is say, look, were saying the course here. One of the things i liked about it, if it gets bad again were right back in. And unfortunately i dont know how much it matters, david. We keep thinking it matters a great deal, but the ten year is doing its own thing. If you are a banker at one of these, if you are wells fargo, you want to see the ten