Theyre out the door. Susan li on what is happening now at one company, just the latest company to say get the shot or get out. Thats right, neil. Get vaccinated by next week or you will be fired by the end of this month. Citi group is the first major bank to implement a strict covid19 mandate. This applies to all of the 70,000 staff, regardless where they live. So that means that those that live in florida, texas, missouri and kentucky where they dont have a vaccine man tate for big businesses, they will also have to get the job. If you dont live in new york, you have to comply. Citi groups Vaccine Mandate goes a step further than others than goldman sachs, j. P. Morgan and Bank Of America requiring vaccines but only if you go in the office. Not all employees are happy about this. Many complaining about the huge overreachthat many have felt where theres a federal mandate for workers to get vaccinated. Mayo clinic fired 700 staff who had to get their shotspy this monday. Others have had
the broader market also that of three quarters of a percent to $1003 change. the end of an era for jay crew. replacing a longtime ceo. markets this morning. down one point after holiday yesterday. in asia overnight, mixed performances. the kospi and create close. pluscall and cap are knocked back at square one. seattle come as top prospects for jobs going into a different direction than joining me to talk about it, dagen mcdowell. wall street economics editor jon hilsenrath and diligence cofounder mike baker is here. dagen: why do i feel safer with him here? at complete misconception, but thank you. the most informative show in the morning. i ve been here. the energy always great. gillett thing we didn t talk about in the run-up is what is going on in qatar. fascinating story. maria: general jack keane coming up, but it is pretty extraordinary to see five countries in the middle east cut ties. our biggest basis and allies. maria: it s really incredible. maria: problem
gained yesterday and then something, and there are a number of developments that we re following going into this final hour of trading here. and so, let s take a look at where markets stand with the dow jones industrial average off 165 points this hour. it was down almost 200 at the lows just a little while ago. remember, anything below 75 points means we ve given up yesterday s gains and returned to the lowest level since at least may 20th, perhaps going back into the red for the year. in any case, this is a broad-based sell-off, and the dow off 1% at this hour. same goes for the nasdaq, which is off 42 points. the s&p 500 off 1.15% or 22 points, down all the way to 1, 916. the dow, going into the week, it had shed about 600 points in ten trading sessions. so certainly a sharp sell-off. let s try to make sense of it all. rob morgan, sam stovall from s&p capital iq, frank rad yok from jhs capital advisers, danny hughes from divine capital here at the big board. our own mi
disagreed and there are a lot of compromises that we had to have because we knew we had to have the the bill. the we wouldn t have if we don t pass this bill the european reassurance initiative to stand up against russian aggression. i went over i shouldn t have done this because i was on the ballot this year for reelection, but for the week prior to our election here, i went over to see what was happening in ukraine because ukraine was having their elections a week before we had our elections. and not many people are aware that in ukraine, fo poroshenko,n ukraine, a political party cannot have a seat in parliament unless they get 5% of the of the vote and the vote was taking place a week before our vote. well, this will be the first year, the first time in 96 years that the communist party will not have one seat in parliament. now, that s amazing. and, you know, we have to understand what is happening with with putin. i also went over toe lithuania. lithuania,
securities,ked bonds, sovereign debt, corporate debt, commercial loans, real estate loans this is where they put their money. the risk, whether the bank making the loan, or the insurance company, the risk of the same. to suggest it is an insurance company, does not need capital roles, that is not right. we need a more thoughtful dialogue. heorry so often these regulatory movements can get started with soundbites, and of a sound bite is we cannot have bank rules apply to insurance companies. i do not know what that means. except leverage is back. stakeholderse your , policyholders, depositors, to harm if you are over leveraged and get yourself the trouble. yes, it canc be done. i am not going to get my big question. i am sorry. if folks have questions out there? i think there is a mike. given your experience at fdic and what you were just talking about with the mega financial institutions, how would you feel about putting up an insurance program like fdic to apply to t