Early conclusion of the tpp. Furthermore, on the aiib aiib in asia theres a tremendous demand for infrastructure. And the Financial System to respond to this is very important. On this recognition we see eye to eye 2009 china and myself and i think this is a point on which we see eye to eye between many countries. For japan to participate in the aiib is a decision which we have not taken yet. But to create such an enormous financial institution. And since this will have an enormous impact on Asian Countries as fair governance is necessary of the institution. In particular the board to review individual projects and to approve of this is indispensable. And sustainability. And the environment and society. And the impact of this should be considered. We need to secure this. Its not only about the lenders, but the borrowing nation zs. For example, various Infrastructure Projects may not be sustainable. It might have too much of a burden on the environment. If this is the case this will bri
Saw a drop to 95. 2. Somewhat consistent with weaker than expected data. In terms of the financial markets, u. S. Stocks have just fallen to session lows. Notg down by a lot but you see declines by. 2 for the s p 500. Little changed for the dow, nasdaq losing. 5 . The dollar index falling to session lows with dxy at 96196. 10 year yield higher. Two year yield little changed at 55 basis points. Erik . Erik here we are, back at the milken conference. I want to tell everyone about who is coming up, colony capitals tom. Stephanie at 10 30 we will sit down with barry sternli cht. Then terry joins us at 11 00 a. M. Chairman of the cme group, the perfect person to sit down with days after the headlines about the flash crash. Erik Boone Pickens is coming up at 11 30. If you miss his interview you want to tune in. Stephanie one of my favorite interviews of all time. He turned and said what, we are not in commercial . It is the commercial breaks on Market Makers that are the most special. Erik s
Heard got a new round of stress tests coming out at 4 30 p. M. Eastern. Those results are what investors in the financials and, frankly, in the broader indexes have been waiting for. Will banks be able to up jury dividends, return capital to shareholders and should they . The results could move the bank stocks big time in either direction. This used to be the biggest dividend paying sector of the market. Well have the results and the fallout to you first. Leading up to it they have been pretty strong. We will shake things up after the close with shake shacks first Earnings Report as a publicly traded company. The popular burger joint took wall street by storm on its ipo day at the end of the january. Remember that day there, kelly . The crazy line outside the exchange when they set up a mobile restaurant and people couldnt get enough of the free burgers that they were handing out that day. That first day performance wasnt bad either. After that and the Strong Performance across the res
A look at futures today ahead of a big week a slew of earnings of course, oil slid a bit early today, then there is the tenyear yield. Our road map begins with stocks at alltime records, edging higher ahead of a busy week as we said that fed meeting in a heavy load of earnings. Speaking of which, Apple Earnings today, new watch estimates and a harder look at the strong dollars impact. Apple shares though up again at least in the premarket. Applied materials abandons its acquisition, shares are slumping, another swing and a miss in chips as regulatory concerns spike another deal. We begin another trading week of course where they posted record closing highs. Jim, awfully close to that intraday high on the nas. A lot of questions, is it too high . Lets use apple as an example. Apple has had a big move its still inexpensive, still plenty of consumer stocks that are more expensive than the traditional tech stocks. And that makes me feel dont talk bubble until it goes over the price of the
Back after the tenyear hit a sixmonth high earlier in the session. We talk to pimco chief officer scott mather in just a few minutes. And treasury yields across the pond as well have had a huge gain. Also that picasso painting sold at auction last night, a record 179 million. Economist norle ra lle lle Nouriel Roubini will be here. He thinks some people use expensive art as a form of Money Laundering, unquote. Hes at it again. Hes dr. Doom of the art market. With an hour to go in the trading session, the dow is down about 18 points. Again, fall back into positive territory. An ounce of downward pressure only a little bit. The s p and nasdaq giving up 0. 2 right now. 4 points and 10 points respectively. That level for the nasdaq 4983. Lets talk about this in our Closing Bell Exchange for this tuesday. Chris ressler is with us rob morgan checks in from sethy financial and Kevin Guinness from Raymond James is with us so is ken moret. Kevin, youre head of fixed income there at Raymond Jame