In 1974. He took his unique vision abroad. A new york stage version of kafka on the shore received rave reviews last year. Into his 70 he was active across the spectrum of drama ranging from classical to modern subjects creating what many dubbed the ninagawa world. Nissan plans to take a controlling stake in scandal hit Mitsubishi Motors. Gene otani has the details. Nissan and Mitsubishi Motors have agreed to strengthen their business ties. Nissan says it will spend 2. 2 billion to buy 34 of mitsubishi, becoming its largest shareholder. The stake is more than the combined holdings of three companies within the mitsubishi group. Nissan will become the single largest shareholder in Mitsubishi Motors, and we will extend our existing partnership into new areas. Translator deepening the alliance with nissan will help us overcome our Current Development problems and make a fresh start. It will also strengthen our competitive edge. Nissan and mitsubishi say theyll compile a Partnership Plan b
On cnbc. Im sara eisen. Do i not get a welcome back . Welcome back from washington, a whole 24 hours. I know. How was it . It was good fun, thank you. Well discuss that story coming up. Wells fargo, and another hearing to come today. Busy time down in washington and the fed meeting. Lets get to equity features at this hour. Yesterday we did have a positive close for all three indices, but fractional. Just higher about 0. 1 . We lost steam during the day. Its been treading water this week ahead of the crucial fed meeting, the bank of japan meeting well get to in a moment. Here are the u. S. Futures, higher by 70 points for the dow. A half percent positive open for u. S. Markets. After we lost the gains again yesterday, the dow closing up ten points. Some trepidation ahead of the big Federal Reserve meeting, but there is buying this morning. The top market story of the morning is the bank of japan rebooting its monetary policy. The boj did not cut rates further into negative territory or
Pairing of the losses which, not that long ago, were lower than 1 . We did get the weekly crude inventories report. Distillate, hope that there will be a future drawdown in crude as well. We saw Oil Prices Move lower after that. Ago and ahile little while ago, moving to unchanged. The other Market Movement of the day has to do with the British Ground british pound. It is moving lower compared to the u. S. Dollar. Volatility surrounding a possible u. K. Exit from the euro. If you take a look at the history and look at the range of the pound in previous times of 2008,ng crisis, 1982 and that is what some traders are looking at as guidance for what could potentially happen this time. Alix lets check in on the bloomberg first word news. Mark Chris Collins of new york and Duncan Hunter of california are now on board. Hunter says we dont need a policy hawk as president. We need a leader. Democratic frontrunner Hillary Clinton hopes to advance or leave on senator Bernie Sanders end. Mrs. On s
Last week, some of the companies on tap today. Speak of volatility. European bank getting a bounce back. Robert diamond joins us. Hell explain why. Were looking forward to talking to bob about that very important story. Donald trump and Bernie Sanders, as you know are the big winners. We will tell you what the Financial Markets are focusing on politically, as we look ahead now to South Carolina and even down the road to super tuesday, which is soon to be upon us. I heard art cashin earlier saying the market will start focusing on who is leading, more and more focus on whats happening on the campaign trail. Jim grant sis the fed is apparently unshamable, quote, and well discuss that. Love jim grant. Lets start with Janet Yellens comments on capitol hill this morning. You saw it live here on cnbc. Steve liesman was monitoring it word by word. What were the Key Takeaways for you . From the apparently unshamable fed chair to threaded the needle, i would say, between the hawks and the dove
Season so we have a real good feel now for how companies are doing. Which means we can figure out what stocks are going to become appealing as the market comes in for profit taking as it almost always does after real rip snorter of a rocket rally. You may ask why is it worth bothering giving there are so many real problems out there. Why not say we missed it, sorry . First, the problems are a little less problematic than they were. For instance, the Federal Reserve is more on our side than we thought. Last night, james bullard, the hawk to end all hawks, the st. Louis Federal Reserve president who was so optimistic back in the fall is now openly questioning the need to even discuss more rate hikes because of all the turmoil out there maybe even from the last one. Thats my addition to it. Man who recognizes the facts that level of flexibility is a good send, a tip to the hat to mr. Bullard. Second, the dollar, the bane of so Many Companies existence has ceased to climb relentlessly agai