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. tom, we had a little bit of eurozone data out. continue watching a lot of the banks. we are waiting for standard chartered. hsbc all about cost-cutting. i do not see how that could be a good strategy. cost-cutting is front and center but all the focus is away from standard chartered on those european banks. bid thisbit of a morning. francine: they do a little bit. certainly some of the stronger banks. standard chartered coming up, we have to look at pretax, worse than expected. it is the capital buffers that investors are watching out before out for. ct1all, that first half capital ratio 13 13.1%. pretax a little bit below. capitalirst half ct1 ratio 13.1%. tom: standard chartered is an emerging market proxy. you ve got the mexican peso out to to 19. that is all you need to know about emerging markets. ian markets more than central america but you make a very good point that this is not really a u.k. bank. they are headquartered here but it is an asian bank. let s ....
change in supply. reports that other companies are thinking about trying to acquire it, a possibility of a huge deal in agriculture and chemicals. gop leadership, paul ryan meeting with donald trump. trump has arrived at rnc headquarters for his key meeting with the house speaker as they work to find a way to unify around trump s candidacy. we go outside rnc headquarters where protesters are now gathering. good morning, john. reporter: good morning, carl. donald trump did arrive a few minutes. he was greeted by protesters. we have not soon paul ryan, though he is not known for being late. we would assume that meeting is now under way. it s an important meeting for donald trump to begin to unify this priority. senate majority leader mitch mcconnell has decided the best thing to do to protect his majority is to endorse donald trump. but paul ryan is a politician who has more of a commitment to particular ideas, particular political style than many other politicians ....
ourselves unified to bridge the gaps and differences. all right. what does that all mean? let s get to john harwood. john? michelle, it s a first step. it was a positive step for the republican party. paul ryan met with donald trump, the presumptive republican nominee. ryan, of course, has held off endorsing him. he held off again today. keeping some distance from the nominee. but he indicated that they re trying to figure out a way not only to embrace the core supporters that donald trump has he massed in this primary campaign, but also find a way to grow the republican party, grow the conservative movement. here is paul ryan again. it s really unparalleled, i thichlt he s gotten more votes than any republican primary nominee in the history of our country and this isn t even over yet. he hasn t even gone to california yet. so it s really a remarkable achievement. so the question is this is what we think we can be a party to helping how do we unify it all? so ....
bazos. chairs of intrexon down. the company ceo will join us live to respond on the back of their earnings, too. that s coming up. let s get to what s behind this selloff. mike santolli joins us. there was nothing too specific in terms of news but all day the markets traded a bit heavy. i think you want to point to the flattening of the treasury yield curve. rick santelli has been talking about all day. two-year yield is up. longer terms are down. that s a slow growth signal. also a signal the market is sniffing out the strong retail sales data along with the good jolt of employment data this week maybe puts the fed back in play. fed speakers have been trying to focus the market on two more fed rate hikes later this year. meantime, the market doesn t feel as though the growth picture is all that strong. maybe that s what we can infer. that s hurting financials. you mentioned, bill, the staples were one of the losing groups today. that s an overbought sector. peopl ....
168 points to the down side. at the lows we were down about 185, 186 points. so we re off the worst levels of the session so far. but an interesting carry through from yesterday s trade when it was all about the fed minutes and the idea. the possibility of a june rate hike from the federal reserve and that really drove markets kind of a little bit more towards the volatile side. today, most is to the down side in terms of moves. you can see they re off by 1% for the s&p 500. utilities and staples have taken up the lead if can you call it. that up about a quarter to a third of a percent. they re showing signs of life here in this particular down day. the financials are interesting to focus on because so many of them, including regional banks, were such big gainers in yesterday s trade. on the idea that interest rates could rise on the longer end and the shorter end and maybe expand the yield curve and give them a profit margin. the net interest margins, you ll hear tra ....