160 points at the low of the session, and that was within the last hour or so. the s&p down 16 and the nasdaq down 46 there. a lot of people watching the ten-year treasury yield as well, looking to that as they have for weeks now. right. kind of a broader reflected gauge of where we stand in the economy, where is this all headed and to what extent, if you look at the performance of these markets since the federal reserve meeting over the last eight sessions or so, that s really where you ve seen the rotation from growth into value. how much does it have to do with the tapering and tightening if you want to call it that. a day that when they sell the stocks they buy the bonds because the yields on the long end of the curve have been come down today. let talk about it and get to our closing bell exchange. quincy crosby and anthony chan from chase, michael guyette from pension partners and winner, by the way, of the 2014 dell aware and samir samano and jim lacamp from
we re happy you re back. me, too. if you re a citigroup shareholder, not happy. they ll take $1.2 billion to settle claims. the settlement resolves a significant legacy issue left over from the financial crisis error. citi will take a related charge of $100 million for the first quarter. here s where shareholders are getting unhappy. citigroup warning invests, after the federal reserve rejected the capital plan last month. t the wall street journal says the rejection makes it unlikely that citigroup can hit its 2015 goal for return on tangible common equity. the measure is a ratio of profit-to-equity own by shareholders. citigroup shares, unchanged in after hours, 46.55 is the number. in related news when it comes to the federal reserve, this could impact citi in some way, the federal reserve giving banks more time to divest collateralized loan obligations that fall under the volcker rule. the fed said banks will have until july 21st, 2017 to shed those funds which pul
news. uk had its best manufacturing numbers in three years but the ukraine tensions remain as well. our road map begins with the markets right now futures edging higher as the nasdaq looks to bounce back from the worst three-day drop in over two years. will i turn around? citigroup agreeing to pay over a billion dollars to settle claims dating back to the financial crisis in 2008 but that s not the only tough news for the company s stock. we ll explain in a moment? another rough quarter for samsung, operating profit falling over 4% this year. does the tech giant have some reason to smile? it s coming in a box this week. we ll talk about that in a few minutes. first up, what will it take to end the stock market s losing streak. the nasdaq suffering another big drop closing at a two month low and down more than 6% from their recent highs hit a month ago. the dow and s&p posting their worst three-day losing streaks since late january. jim, yesterday on this show you said you w
stock screener and what s in fact reality. that s the only way to explain the recent session where the dow advanced ten points, the nasdaq rebounded from the abyss. climbing .81%. see, most people immediately and naturally want to tie the action in a stock including the hideous action in many high fliers of late, little bounce today, what s happening at the underlying company and i have to tell you that s a quaint, at avisic approach to the market. one you need to shake yourself loose from if you ever make peace with your portfolio. consider this. i have been watching two ultra consistent stocks, ones i say i like very much. get really banged around. over the last few days at least. time warner and cbs. i have been searching up and down to find an explanation of what s wrong with these two. time warner is such a winner. it s got a big dividend, it s making oodles of money. a voracious buyer, the ceo, a great american, has developed some of most successful hit programs of all
3.2%. our road map begins with a $7,000 fine, every single day, that s what gm is paying because the company still has not provided enough answers about its ignition switch recall. it s not the only bad headline for gm this morning. more on that. earnings season is officially under way after alcoa reported its results after the bell. what can the aluminum maker tell us about the rest of the quarter? we will have some answers. instead of running from facebook, companies are willing to pay a lot more to advertise on the social network. but is that good news for the company s stock? first up, though, some tough news for the auto sector. toyota recalling more than 6 million vehicles after uncovering five different faulting involving parts ranging from steering to seats and nhtsa fining gm $7,000 a day for missing last week s deadline to provide information about its recall for defective ignition switches. morgan stanley cutting gm to underweight today, $33 target, guys, and w