The economy and the outlook for the trump agenda. Wells fargo takes punitive action against the former ceo and another top action for their central role in the fake account fiasco. They announced millions in new salary claw backs. And a video surfaces showing an airline forcibly removing a doctor from an overbooked flight. First up though, big week for the markets. Wednesday well get data including march import prices. Thursday, jobless claims. Markets closed on friday but theres still Economic Data including retail sales, cpi and consumer sentiment. Earnings seasonen gets under way. Citi and wells, well get that before the opening bell. There will be a lot of questions, jim, about margins, rates, this trend were seeing in some c i loans and earnings themselves. Look, last year at this time, there were concerns that perhaps with no rate hikes who knows what they can do and then they got hit by the fact that they have bad oil and gas loans. Now the stocks ran up in anticipation of three
Half months. Almost a sign the market is too expensive . Well debate. A buy recommendation today. Yes. That helps. Timely. Yes. And this you probably have seen it, the shocking video after this United Airlines passenger being removed from an overbooked flight, just chosen random randomly to be taken off the flight. Response from yuunited and whetr bad press for airlines is a problem for airline investors. Crazy, cia zrazy story. But we begin with oh, and we may have a surprise guest today as well. Stick around. Thats all ill say about that. We begin with a new report of wells fargos fake account scandal. Additional clawbacks from the former ceo and Top Executive. Working this story heavily today, youve done a great job on it. Give us the latest now. Thanks, bill, so, yes, the headline is that most of the blame is being placed on former head of the Community Bank who was fired for cause and made to give up an additional 47 million today. Though the lawyer said we disagree with the repor
G7 Foreign Ministers meeting in italy look to put on a united front on syria, as turkey suggests the Syrian Government still has chemical weapons capacity. Hi everybody. Good morning. Welcome. Good morning. How are you . Very good. A lot happening in the markets today. Ton. A lot of breaking news. Well talk about dialog in a second. We want to show you what European Equity markets are doing in general. We saw a flattish open, flat to slightly lower open. Markets lower somewhere in the region of a half percent. The ftse 100 bucking the trend a little bit. That also seen in the sectors out there. You have household goods, chemicals, real estate trading higher. Banks and Technology Leading the way down. Lets also have a look at some of the best and worst performing single stocks out there. Dialog semiconductor off by a whopping 30 after Bankhaus Lampe cut its rating for the stock saying that apple will be developing its own chips. Well come to that story in a bit. Some of the tech names a
About how his they has fostered an environment of economic growth. And we will talk about silicon valley. Mark we will have a look at european equities 30 minutes to minutes to the end of the trading session. Stocks are rising. The risk rally continues. The european benchmark, the stoxx 600 gaining for third day. Highest since august 2015. Expectations that macron will be the ultimate victor in the French Elections. In just under two weeks all these currencies are rising against the dollar today. The euro gaining for the best run since november after the biggest ride since june yesterday. About 1. 3 , the highest since november. In theelds are rising ecb, getting closer as we head to tightens meeting policy. That is the big question ahead of that meeting on thursday. Lets get to christiane the on. Dior. Istiane the biggest increase for nine years, the record high for the shares in christiane dior. The luxury billionaire moving to consolidate control over christiane dior. Between one bi
Big earnings out this morning set to weigh heavily on the averages, cat, mcdonalds, dow, dupont, 3m and coke all on the move. Wow express scripts shares falling down hard on news it is likely losing one of its biggest contracts. Well dig in on that and the companys earnings. The trade war is heating up. The u. S. Will impose a major tariff on canadian softwood lumber. Hear what the commerce secretary says about that action. Futures are getting a lift, earnings from dow components adding to the momentum. We mentioned cat, blowing past expectations with its results, raising their full year guidance, 3m exceeding consensus helped by renewed strength on latin and asia. The story of the morning may be cat, jim. Nowhere near what analysts were expecting, almost double the estimate. Whats happened with caterpillar . We call it leverage and a lot of people think leverage, what does that mean, leverage with the president with congress or leverage leverage as in debt, how we typically refer to i