News. Uk had its best manufacturing numbers in three years but the Ukraine Tensions remain as well. Our road map begins with the markets right now futures edging higher as the nasdaq looks to bounce back from the worst threeday drop in over two years. Will i turn around . Citigroup agreeing to pay over a billion dollars to settle claims dating back to the financial crisis in 2008 but thats not the only tough news for the companys stock. Well explain in a moment . Another rough quarter for samsung, operating profit falling over 4 this year. Does the tech giant have some reason to smile . Its coming in a box this week. Well talk about that in a few minutes. First up, what will it take to end the stock markets losing streak. The nasdaq suffering another big drop closing at a two month low and down more than 6 from their recent highs hit a month ago. The dow and s p posting their worst threeday losing streaks since late january. Jim, yesterday on this show you said you would not be afraid
I am informed. Some other nuggets germany where industrial output rose 1. 9 percent. Germany is totally detached from the rest of europe. Here in the u. S. , i have got three words for you jobs, jobs, jobs. It was actually up from last months 6. 1 . 230,000 new nonfarm payroll jobs are theory being created. No earnings of note that we should mention, but president obama is speaking at 1 00 in wales at the nato summit. Incredible report and we will talk with that in a moment. Lets look at stocks, bonds, currencies, commodities. The 10year yield higher over the last couple of hours, 2. 4 . Euro. Euro, currency depreciation in europe. Onto the next screen if you would. The vicks 12. 64, the dow still over 17,000. I put the spanish tenure over this is not a good record low for spain. It shows the challenges and of course ireland and germany. Lets go to the math monitor and look at the persistency of negative Interest Rates. Here we are with a normal twoyear, down we go in may. Adam, this w
Month but just shy of expectations. Facebook getting an upgrade. And Tokyo Electron is forming a 29 billion chip giant. And Chrysler Group reluctantly preparing for an ipo. But first, shares of facebook are poised to open at new alltime highs, boost being its price target to 55 a share from 38. They see facebook continuing to boost the total is even up here it is socially acceptable and they talk about even potentially being added to the s p by year end, jim. Look, this is one of those this evenin things, when i talked to bob iger at disney, everyone is talking about this term in the future, its the way to get the demographic. My trust does own it, we own it for almost a double now and not selling. Why not selling . Because this is tv of the future. Explain that. Okay, because you read all these articles about people, a big production companies, the cbss, viacoms are all searching for a way to reach younger people, a lot of advertisers searching for a way, another channel, a second way
Stephanie ruhle. Welcome back from london. I had a great time. A lot of news these past couple of months. I landed yesterday and made it in time for the world cup finals. What a goal. Lets talk about citigroup everybody. Here. Now the action is eric holder is due to formally announce that 7 billion settlement with citigroup in the next few minutes. Is all about city sales and Mortgage Backed securities in years before the financial crisis. That is washington. We will take you to that press conference as soon as holder takes the podium. Citigroups about secondquarter earnings. They beat analyst estimates if you exclude that 7 billion settlement cost. Scarlet fu is here with more. You and i have been looking at these numbers all morning long. The stock is trading up because there is extensively a good a extensively a extensively good news here. What it means in terms of finances is 3. 8 billion of pretax charge. City actually ended up with a 180 million the doubt of profit just barely. T
President trump is now leaning toward pulling out of the Paris Climate Accord which, of course, is the landmark deal to combat Climate Change that was reached in 2015. Nearly 200 countries have agreed to. Nbcs White House Correspondent Kristen Welker joins us live. So the president has not made a final decision, but while this news, i might say a covfefe, about his possibly leaving. The term you used, a reference to the garbled tweet the president sent out overnight. Well get to that a little later. In terms of the paris climate agreement, heres what we can report. Two Administration Sources say the president is leaning towardtoward pulling out of the agreement. It was first reported this morning hed made the final decision. If you talk to some sources here who are familiar with the thinking inside the white house, they say thats part of the frustration here. Essentially, the headlines get ahead of the president. That makes it tough for the Communications Team to message, to get surrog