Off the session lows, giving up all of the gains that we saw earlier. The turnaround started around 10 30 when the u. S. Crude inventory numbers came out. It has been up and down for the markets. The s p 500 is in the negative down. 25 . It was positive for most of the day. The dow is raising its positive number, up about. 10 . Of s p 500 p materials are the biggest leader, up i 3. 3 . This is because of talks of the potential merger between dow and dewpoint. The biggest percent gainers. Energy is higher, number two. Up by about 1. 5 . Utilities are up by. 5 . Let me get rid of the appointment reminder. Lets take a look at crude, it is trading lower right now. Down by. 3 . It spiked at 10 30. That was when the crude data numbers came out showing inventory fell by 3. 6 Million Barrels a week. Yesterday, we saw oil hit lows not seen since february, 2009. We are on track to continue the decline. Alix the huge built in distal it 5 Million Barrels . This is a different capacity. You also me
The s p is down 0. 6 . S p went negative for the year this morning when it was down a little bit more than 1 . One of the main reason behind the drops was crude oil. Around crashing down 7 30. You could see that we had a Real Recovery in the late morning and now we are sort of bumping along unchanged territory. Crude oil drag everybody down this morning. I also want to point out the euro. There is more strength in dollareuro. If you go from here im going to bridge over to brent crude that is with the use primarily in europe and trade as a world benchmark. Look at my terminal and you will see the spread between let me close this little window i have some popups you can see the spread between brent and west texas intermediate tightening up so much. It is almost at the same price. Brent came down below 40 per barrel. Take a look at the metals charts. We saw a real drop in prices for iron, copper gold came down as well. If you look at those drops, you can see why we have here is copper bou
Imagined it. We spent two or three weeks just going around to the different bridal shops in the area we found one. There is a lot of emotion attached to that. The wedding was in october and tiffany did what many dried does, she sent the dress out to get cleaned. She planned to store it away. Now she is afraid she will never see it again because of a cruel criminal. Im sad about it. You know, a Wedding Dress is something that has a lot of sentimental value. The ups stopped by to deliver the gown but no one was home. A gold suv a rodeo or passport pulled up just as the driver was about to leave. He said i live here, i have been waiting for you. He signed for it and drove off. All they know he signed for the package using the name jose. You cannot replace that, thats a one time thing. Police are looking for jose lengths people have to take to stop thieves like him. In the case taking the step of a signature, it did not protect themselves so we need to go to even a further step which is do
It is a thursday in new york city. Im Erik Schatzker. Im stephanie ruhle. Lets talk about wall street. Times it be the best of and the worst of times at the same time . That is the question for wall secondquarter earnings season winds down. Quantitative easing is still crimping profits, new revenue is still scarce, but most of the big banks are lending more and cutting costs. Our contribute in editor with us andskype says it is a paul miller is with us from greater dcaa paul, i suspect you are not so inclined to agree with bill. Do you see positive signs . We do see positive signs. I went into the Second Quarter thinking more pessimistic than i should have been, that there are some signs of lending going on. The margins are still very skinny, you have some liquidity out there. Jpmorgan said utilizations are up two Percentage Points from the first. Wanted to dou skype only because you know i disagree with you on this golden age. But lets talk about fixed income. Fixed income numbers are
For more, i want to bring in Stephanie Ruhle. Tell me what is out for you . I am broking hearted. Im standing youre thinking youre talking about me. Clearly, Morgan Stanley is having a big morning. Trading revenues and fixed. Ncome are less than expected big drop. Not as well as they did last year were last quarter. It is better than we thought from citibank, 12 down. It was only eight percent. He is optimizing his trading assets. In this environment, they are chugging on. James forman has a consulting background and not a banking background. He beefed up his management business, banking did well, equities are outperforming goldman. Morgan stanley was in the gold room and they are making a comeback. Class of all the major wall street firms being reported, whats your big take away . Slow and steady there it anyone who thinks they will have a booming and amazing year, it is not happening or it when Morgan Stanley performs any look at the numbers, it is somewhat surprising, the revenue nu