Hill. Where should your portfolio be positioned . Meantime commodities remain on fire. So what is the message for business, the economy and inflation. Weve got all the angles covered. Shares of kodak, yes, kodak, tripling after signing a deal with the federal government. Wait until you hear what its for. Consumer expectations plunge as more americans lose faith in the recovery. Big concerns whether washington comes through with more federal help. I will ask guy reschenthaler from pennsylvania if they will do just that. That and much more on making money. Charles so stocks sort ever sputtering today, right . But we did get a slew of earnings reports. The message to me, it is pretty clear for investors. Companies are profiting off the coronavirus lifestyle changes. That is one trend really working. D. R. Horton, sherwinwilliams, polaris soaring after they reported results surpassing wall street expectations. It is thanks to overwhelming amount of people looking at home, redecorating, pai
Government bond is attractive compared to risk in stocks right now. 283 on the tenure. Three, another problem is the internal workings of the market exotic product, robot trading up a pushing stocks to rapgd sell ising . As of now the dow is down 6. 5 so poor this week. With will open higher. Do not know how we will close or where well close. But back drop this morning is another chaotic night in congress. But we now do have a budget for the next two years. Thats not necessarily great news for investors. But bottom line on this republican budget Government Spending goes way up and so does the deficit. Again, were hearing the words, debt bomb. Varney company is about to begin. It changes so rapgdly that were going to show you futures all over again. All right we were up 100 now were up 60 youve got to watch this. Literally moment to moment. Wall street is on course for its worst week in six years. It has been a really qield ride for stocks just this week. These are the swings in the dow
That drone that Kara Swishers showing you. Does it have seven tamcameras or something on it . It is fascinating. Any anybody familiar with the Drone Industry knows about those cameras. It could really take off. A new report says jpmorgan could lay off 5,000 people by next year. Is this a broader issue for the Financial Sector . Many parts of financials have suffered the last couple of years. Is there normore layoff to come . Going to the front lines, we have the ceos of three major banks all here exclusive on closing bell. We begin with the markets. An hour to go to the close, the dow is down about 40 points right about the middle of the trading range today. Giving up. 2 . Caterpillar interestingly the big weigher there, down 2 on the session today. The s p weaker by 2 1 2 points. The nasdaq which yesterday closed at a record high today giving up a little bit of that. Down about nine just below 5,100. One featured market were following closely today, natural gas sinking like a stone ar
Himself. What is behind this . I think weve done a lot of thinking over the last couple years at dfs where i work. One thing we realized is, we have had a series of corporate actions and big corporate penalties paid, case after case after case yet the bad conduct seems to continue. We hear scandal after scandal after scandal. If it is not Money Laundering it is tax evasion. If it is not tax evasion, it is libor manipulation. Melissa those are very serious crimes. A lot of people think what youre talking about after the financial crisis we hear again and again from folks saying we had whole financial crisis no one is in jail. No one from the big banks went to jail. Do you extend it that far. I dont think in terms of jail. Were a regulator and Civil Enforcement authority. We dont put people in jail. We dont have indictment authority. I think about it in terms of responsibility. I think about it as the reputational problem wall street has. When we focus so much on punishing the entity, th