Hours time, lets get a check on where stocks are trading with taylor riggs. We were having some technical difficulties. Taylor we will blame it on record highs. Lets take a look at the dow of almost 200 points, 20 , a record on the dow on friday was at 23. By 2575, nonetheless of broadbased again. The nasdaq up about. 3 . Lets talk about that. If you things i want to mention. Mazon is not is aup. Apple is rushing that off. Are getting an update from jpmorgan, 1180 is a number were looking at for here. Come into my terminal. Btv 10. You are seeing an uptick here, about. 8 on some of these things. Days ofr five straight the biggest losses weve seen so far this year. A lot of the things are making full recoveries as we head into earnings on thursday. Julia lets move on. Ofs week, no shortage catalysts for investors. Tax reform, President Donald Trump spoke about the impending legislation. President trump tax cuts will restore americas Competitive Edge and lower the crushing tax burden on
The ftse is flat. Cac is down by 0. 16. The dax is off by a half percent. Looking at the treasury market. The tenyear yield is still deld below 2. 4 . Now at 2. 35 . Crude oil, syria is not a major oil producer. It produces the 66th market in the entire world for oil production. Any time there are bombs in the middle east, as pointed out, you see a reaction in crude oil. It used to be you sthuthoughe arab states would immediately look at us as on the other side. Jordan is dealing with such a mass influx of people who have been left behind. The knee jerk reaction was the straits of hormuz i can remember in previous the beginning of things. This was a targeted strike. Its not like 1991 or the shock and awe, but oil would go up 10 . Go up like 8. 91 it went up 8. Syria has been a problem for all the middle east neighbors. But at this point, even the oil reaction is muted. 100 point drop in futures is like half a percent at this point. Even that wasnt big. You figure in the old days, middl
That could include a 2. 5 billion settlement, a substantial amount of money for Credit Suisse, as well as a guilty plea from the Parent Company. This would be a sea change in the way the Justice Department has dealt with big banks. One of the conversations we have don having is what will this to the bank, and how will that affect the bank, hurt future business, impact revenue . This is unchartered territory, right, if they were to agree to criminal charges . It is. If they go for the parent whatny, it is a turn from the Justice Department has done where they could charge the subsidiary, which typically shields the Broader Company from collateral damage. What is next once they saw this . We have a lot of people to go. We will see what happens to a bank if a Parent Company plead guilty and is find, and if the Justice Department will go after other banks and similar cases. Much, keriu so geiger. Fcc chairman tom wheelers proposal to regulate internet traffic has cleared its first pozo, an
Lets get more on Deutsche Bank. By hans nichols. Why did this happen now . Think of it like this. You got a bad report card in september and did not go public until july. Did you rectify the underlying behavior . That is basically it. They were the problems without the knowledge of wrongdoing and thelook at the letter from Federal Reserve of new york reported by the wall street journal, it is remarkable, harsh, scathing, and it talks about the need for remedial action. In accurate and on reliable unreliable. It hit almost immediately as soon as judge bank opened up. That is pretty unusual. You get a letter from the fed and you fix it right away. Classify get a letter from that criticizing my reporting, i will continue to report in just the same way. January, we had a sitdown interview with him. He told me we want to get all their litigation costs finished. They have or they think they. Ave a strategy it is an entirely different dance. A remarkable story and you can see why the stocks r
Thethis is a big deal in cable company. It is official that comcast is buying Time Warner Cable in an equity deal valued at 45. 2 billion. 45. 2 billion dollars. That values Time Warner Cable at 150 882 a share. 158. 82. Can createink we tremendous value by running this company on her cell. If charter wants to transact 158 dollars is the price. This was the cable love triangle. Get. Layed hard to now, comcast was going to be in on that deal, potentially buying some of the assets. We were hearing that comcast was going to enter into a friendly agreement with charter to try to acquire Time Warner Cable together, so the news that they have done an end run around charter and done a friendly merger with Time Warner Cable came as a shock to just about everybody last night. Ok, so lets get past a surprised factor. The buying the secondlargest u. S. Cable Company Brings comcast more than 11 million subscribers. It gives comcast access to new york city market and more provider content. So the q