Turkey. In germany, chancellor Angela Merkel suffered a political setback. The antiimmigration alternative for Germany Party made strong gains in preset elections that were dominated by the refugee crisis. Support for her Democratic Union fell across the board. Donald trump is trying to counter a late challenge from john kasich and ohio. Polls show john kasich a be pulling ahead, and days before the primary there. His campaign has been overshadowed by growing violence at his events. Activist groups and supporters of democrat bernie sanders. Global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus and now to thed, markets with matt. Matt take a look at futures. We are down across the board. Not huge drops, but a loss of 15 points on dow jones. If you take a look at the indexes, or lets take out the s p and look at yourtodate, you can see we are at a level to almost where we back to were at the beginning of the year . Being unchanged for the year, which is co
A meeting between president obama and raul castro. The president is expected to urge castro to seize the opportunity to improve u. S. Cuba relations by expanding human rights and Economic Opportunities. For the second time since friday, north korea has conducted Ballistic Missile tests in the sea of japan. Officials say kim jonguns regime launched five short range missiles today. Earlier this month, the United Nations Security Council enacted sanctions to punish korea for another Missile Launch as well as a nuclear test. The German Government says it took in 2 million refugees last year. A 49 increase compared to 2014. Of those 2 million, 860,000 have moved to other countries. Angela merkel has resisted measures to control migration such as putting a constraint on the number of refugees. ,lobal news, 24 hours a day powered by 2400 journalists in more than 150 news bureaus around the world. Im pimm fox. Matt thank you very much. Good morning. Take a look at markets in europe. The dax ha
A race to the bottom for currencies and Interest Rates. What is wall street doing . Record highs across the board. Varney and company is about to begin. Stuart looking here. That is the nasdaq. First time since the dow on days. Cheryl casone with me. Going through this together. Is that a bubble . This has been a very slow build. We used to think that the nasdaq was just technology. It is not anymore. We have a mind set. You are quite right. I agree with you. News this morning that air bnb is worth 20 billion. Snap chat. These are not listed companies. I think that is the bottom. Who do you think is pushing these expectations. The rest get that you know what out of them because they bought the stocks at these superhigh levels. Let the good times roll. Look at the big board right now. The dow at 18,248. I do not believe we have been there before. I believe it is a new intraday high. I have a stock for you. Mcdonalds. Seems like just two weeks ago it was 90. Another stock story of a very
Happen until the gop agrees on a tax hike. Senator dick durbin saying no deal on the debt without a tax hike of the wealthy. I cant tell you, i dont want to do it, the president doesnt want to do it, but we need to solve the problem been we cannot allow the reckless position to drive this economy into another recession. Some suggesting that it might be better to cave to the president now on taxes and keep up the fight on spending. If we were to pass, for instance, raising the top two rate and thats it, all of a sudden we do have the leverage of the debt ceiling and we havent given that up. Meantime, one influential voice says enough is enough. Thats like betting your country. Theres something terribly bizarre and juvenile about that is to think your party comes ahead of your country. I dont go for that at all. That, of course, was alan simpson, the other half of simpso simpsonbowles. Erskin bowles will join us this morning, as well. If you have the democrats quoting him, the republican