Im seema mody in for sara eisen. Good morning to you. Good morning to you live pictures of norfolk, virginia where the snow is falling hard right now more on the blizzard in just a moment well get out to various reporters to keep you updated. First a quick check on the Global Market picture. Futures coming off a day where we saw record highs and record closes for all three main indices. The russell and the transports as well. The dow is up 0. 4. The s p up 0. 6 nasdaq up 0. 8 were looking at another good open the dow higher by 55 points. Nasdaq 13. S p by 2 the nasdaq is already up 2. 4 this week. Its only been a short week. Tech very much kicking off the year in the same vain it performed for most of 2017 a look at european trade thats higher again today. Were looking at the tenyear. My apologies 2. 47 the yield there all right speaking of markets overseas, look at asia a strong session overnight with the japanese nikkei gaining over 3 the best oneday performance over a year, in the p
Have we mentioned that . It is quite cold. That number is perhaps the largest surprise here within these numbers. In terms of initial reaction in crude oil price, a little bit of a leg lower. 25 goingup about into this. It quickly pared that gained by about half, now bouncing around within that range. Im looking at the bloomberg. You see one tick down to unchanged but now bouncing around as traders try to figure out what to make of this. That big drop on the headline number, 7. 4 million barrels. A build in both gasoline and distillates. Vonnie nuc refinery utilization and and you see that refinery utilization was up, as well. Lets get reaction from alix steel. Alix, a little bit of a surprise here. Alix yeah, that distillate number is really confusing. I wonder if that means we imported some distillates somewhere and that is why we see a build. On the surface, we should have had a big drop. Imports were down, so that will help crude storage. Crude storage will be lower because of that
Europe says one watchdog is enough to keep its biggest banks from ever collapsing and threatening the euro again. The European Union leaders held an agreement that would tend banking supervision away from National Governments and park would take banking supervision away from National Governments. If the bank does need a bailout, all of europe will help foot the bill. The deal came after a prolonged deadlock over the details of the proposal. The german chancellor was full of praise for the outcome. But its a good sign that the finance ministers agreed on a banking supervisor. It is a big step towards greater confidence and trust in the eurozone. Countries like france and italy have pat have pushed for a speedy resolution. Banking supervision paves the way for a direct supervision direct injection into ailing banks. It is no longer the sole responsibility of the member states. Rather, all of europe will step in. But president hollande did not get everything on his wish list. Germany insi
Here is what is coming up. A better watch on the bank. Eu leaders agreed to reforms to prevent the biggest banks from ever teetering on collapse again. Rebels on the advanced again. Syrias capital shaken by blasts. A senior russian minister admits the assad regime is losing control. Why one of the worlds most famous museums is branching out. Europe says one watchdog is enough to keep its biggest banks from ever collapsing and threatening the euro again. The European Union leaders held an agreement that would tend banking supervision away from National Governments and park would take banking supervision away from National Governments. If the bank does need a bailout, all of europe will help foot the bill. The deal came after a prolonged deadlock over the details of the proposal. The german chancellor was full of praise for the outcome. But its a good sign that the finance ministers agreed on a banking supervisor. It is a big step towards greater confidence and trust in the eurozone. Cou
Basswood Capital Management L.L.C. lowered its position in shares of OneMain Holdings, Inc. (NYSE:OMF – Free Report) by 9.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 824,749 shares of the financial services provider’s stock after selling 89,109 shares during the quarter. OneMain comprises […]