Well, tech is holding up well given it has high multiples coming into this part of the reason tech is the answer to some of the issues particularly working from home, things like krits tricks, zoom, microsoft, amazon, have outperformed it appears this is going to be somewhat of a permanent change theres a spike but even coming out they could benefit we would like to see more breadth within tech. Its been big and focused. Last week was interesting. As we started to get a rally in tech we got a sense for whats going to perform on the other side, services,semis, smaller cap names. We dont think were there yet but looking for infection rates to come down, pmis to improve. The economy is on the mend and then hopefully on the other side steve, its interesting over the past day we see some little moves in this environment that might suggest something. Yesterday microsoft announced changes to office 365, calling it microsoft 365 planning to open up access to teams and features in teams to more
Down 1 10 of 1 on the s p 500. The euro is firmer. 250 on thestable at 10 year. Alix 100 Day Moving Average is down by 1 1 10 of 1 . Oil continuing its down slide, now off by only 1 , nine days out of the last 11. What a losing streak . Deutsche bank will issue a near 700 million new shares in an effort to raise 800 billion euros in capital. They will boost revenue after spending almost two years navigating legal protein cutting back risks. With us now is michael moore, finance reporter. Walk us through what we have. Weve got the pricing on the capital raise. It was in line with what most people were expecting, a 45 discount. Deutsche put out their annual report. Most of it is backwards looking into 2016 but they did have a 2017 outlook in the key take away their was the revenue being broadly flat. It is a negative given how bullish they were on the start of the year in trading. Jon it is an 8 billion euros share sale. But it has been offered at a deep discount of 35 . Banks typically
Accurate weather team and we start with your forecast first. Brad wx wall weather adlib we had a real messy day out there across our state. Nw counties had the worst of it with freezing rain and snow with some areas getting more than 6 of accumulation. That is also where roads are still icy in spots. Here in central iowa, we were warm enough for just rain with about 1 4 of rain today. Our temperatures should stay above freezing in the metro most of the night with a few rain or snow showers possible. Most of the showers will be metro later tonight, so our chances are looking good for decent roads come Tuesday Morning in the metro. However, it will be cold enough by morning in most areas to freeze up any moisture that is left over or falling from the sky. I dont think we will have much precipitation tuesday, but a few snow showers will be possibly mainly late in the day. Wednesday is definitely looking drier, but the clouds could be stubborn to leave us, so i think we will be staying in
This event isic canning off right now. New Ceo Satya Nadella making his first appearance in front of media and wall street for that matter. Were hearing theres about 100 people upstairs, standing room only. Expectation, hearing from sources now, mobile, cloud, two areas where microsoft has been lag on competitors. Also, widely expected to hear about office 4 ipad today one of the things sources telling us there should be big news around 1 20 eastern. Keeping a close ear out for that. In the meantime, seems wall street is investors are hopeful about nadella. Stock up about 8 since he took the reins from Steve Ballmer last month. With this in the meantime, you go upstairs and walk around at the event, theyve colorcoded m ms to look like the microsoft logo. Back to you. Thank you so much, morgan. Diving deeper into what is a major event for this company. Jon fortt joining me here on the floor of the nyse and Matt Mcilwain with us as well. Both jon and matt correctly called early in the ra
Under construction. This is the ruling against Border Security and a in favor of crime, drug and human trafficking, we are asking for an expedited appeal. The judge in a 56th page opinion saying with, trump couldnt divert funds on border wall project. The lawsuit wases filed by the atlu on behalf of the club and Southern Border Community collision long disputed merits of the wall theyre calling a victory for the system of check and balances rule of law and for those who live along the border. Very simple they didnt get the money for it they cant build it thats why we have a shutdown and nothing changed since shutdown didnt have money to build it and theyre building now. The president dlairling an National Emergency earlier this year after congress wouldnt approve these dollar figure he requested in wall funding. U. S. District judge addressed that in his Ruling Congress is absolute control over federal expendtures even when that control may from frustrate regad initiatives not a bug in