The market desk where julie hyman has the latest on a declining market. Julie a declining market, we are not seeing moves in todays session. But we are saying the downside. The nasdaq is losing steam at the moment. If you look at the overnight session, using the futures, you can see we came up from the lows where we were overnight. See things couldve been even worse. We hit the highs midmorning and started coming down again once the regular session was happening. The focus is on Bank Earnings once again today. We have wells fargo, bank of america, and my crock blackrock. Blackrock and wells fargo seeing a decline. There was all this optimism yesterday surrounding to morgan after those numbers came out beating estimates after many analysts had cut estimates going into these reports. I want to point out, the movement we have seen recently in the s p financials. The have risen for five straight sessions, even though we are seeing a little bit of it line. They rose for four straight sessio
Were going to have much more of sara eisens exclusive interview in just a few moments. In the meantime, a lot to look at as stocks hit new highs for the year, about 2 from alltime highs. Bank earnings in focus. Europes mildly positive. Core cpi up 2. 2 year on year and jobless claims hit a new low going back to 1973. First up, wells fargo beating expectations with a firstquarter profit of 99 cents per share, revenues above consens consensus. They say while credit results remain solid, the oil and gas portfolio remains under significant stress due to low prices and excess leverage in the industry. And then b of a exceeded estimates with firstquarter results, put profits down 18 on a doubledigit decline in trading revenue. Not a repeat of the performance we got out of jpl. Going over these quarters all morning, and i have kind of a very simple takeaway, which is that, wow, if these companies were to have a bunch of rate hikes, you know, theyd make a fortune. And if they dont, they kind o
The world. And i have to say i personally was shocked to see that the journal would publish Something Like this, when we had sent them over a thousand pages of documentation demonstrating that the statements in their piece were false. Bill george is Harvard Business School Professor and cnbc contributor. Jeffrey sonnenfeld is associate dean with yale school of management. Great to have you with us. Collectively, including jeff who is going to join us soon, you called the science into question, you called the company a scam. You called the ceo a bad actor. A lot of ground to cover here. Lets start off with you. You equate Elizabeth Holmes with the likes of mike pierson, the outgoing ceo at valeant and Martin Shkreli, the bad boy poster child of bio vehictech. Theyre doing great harm to the pharmaceutical industry. And such a contrast to somebody like ken frazer at merck. It worries me a great deal, particularly in a Political Year when they get a lot of political pushback. Theranos has
1. 6 . Shares in nikkei half a percent lower. Legal lauren crude oil prices now down. Nicole daily mail reportedly enters the fray. Lauren alcoa expected to post latest reports this week but expectations there are low. Nicole englishman takes the green jacket in the wake of epic collapse by american jordan. Lauren right now 0 51 a. M. In new york on monday. Welcome to fbn am, first look at morning markets, breaking news and what to expect for the day ahead. Nicole kasich has 22 . Ted cruz gets 15 . 61 of very conservatives. On the democratic side clinton is 53 in her home state. The new york primaries will be held next tuesday meanwhile the poll finds also leading in pennsylvania as well. He gets 48 there while kasich 22 and clinton tops sanders 49 to 38 in that state as well. Lauren controversy in colorado, senator cruz completing a sweep by picking up 13 delegates at the state convention this after 21 delegates at last week. Trump delegates were reportedly ban and omitted from the ba
Daily mail now the latest to be interested in the company, we will take a look at the bidders. Meltdown at the masters jordan sepeths collapsing costing him almost a Million Dollars in prize money. Futures indicating higher opening. Thats going to set the tone for the week. Nasdaq s p 500 also in the green. Getting a check at oil. 39. 56 this morning. Down almost half a percent. All those stories coming up this morning and with me Fox Dagen Mcdowell and georgette. We have a cantmiss lineup. Steven miller is with us. Fox news senior judicial analysts Andrew Napolitano and Nancy Pelosis daughter and shes also a clinton superdelegate. Coming up, you dont want to miss this morning. The fight for delegates. Controversy in colorado over the weekend after ted cruz took all 34 delegates despite there being no primary or caucus in the state. Trump still leads with 743 delegates. The other side of the ill also up for debate. Bernie sanders takes wyoming, eighth win out of the last 9 contests, de