Page 7 - Steven Roach News Today

we start the road map with j.p. morgan and restating their first quarter results in a number, 4.4 billion pretax for the trading loss and ceo jamie dimon put the whale issue behind the company. david has been on the call and has the latest. >> that continues by the way and the sixth straight day of losses as well talking about something continuing for the markets. may come to an end thanks in part to china gdp and keeps hopes of further stimulus alive and italy a two-notch down grade f...

you see why essentially the republican race for the white house ended today. >> steve, what happens to delegates committed to santorum now? >> thats a good question. i dont know what the actual delegate rules are. but we know that he never would have made it. the way it works at the convention, they cast their votes, then theyre free. i dont think it has a whole lot of bearing on exactly what they do in their first ballot. jim, it looks like mitt romney, it will be a lot easier for him...

across iowa out of a truck. all but ignored in debates. teased about his sweater vests. but rick santorum won iowa. and ten more states. most in the south. emerging as the conservative alternative to mitt romney. >> miracle after miracle, this race was as improbable as any race that you will ever see for president. i want to thank god for that. >> reporter: but romney beat santorum in must-win midwest battlegrounds. michigan, ohio, illinois, wisconsin. he had many more delegates and mo...

around the time he was scheduled to arrive, an afghan national stole a vehicle and drove it on to the runway. the car crashed into a ditch. the driver later died. nato says panetta was never in danger. myanmar state television broadcast a campaign speech by pro democracy lead yee yeer ann sue chi. she called for reforms and media freedom, but they say some criticisms of the ruling punta were censored. the broadcast marks the first time myanmars government has aired a speech by su chi...

>> adele at the awards -- >> adele did. >> do you think thats pertinent? i think hp is -- >> you think -- >> its been two and a half years. he was going to spin off pcs. my whole question, does meg whitman know how to run hewlett-packard? ebay doesnt seem any closer to knowing what to do. >> he was a manufacturing guy. i wouldnt know how to run it. i wouldnt know where to start. i dont know whether she has the vision for what hp is going to be down the road. you see what her initiative...

years. sears holding surprises with plans to spin off 1,250 stores and sell 11. vivus rocking a premarket trade. more than a double at this point. an fda panel backing their weight loss drug paving the way for potentially final approval. hewlett-packard disappoints, sets the bar even lower for the current quarter. is this the inflection point for the company or is there more trouble ahead? an exclusive with ceo meg whitman in just a few moments. apple meeting with shareholders this aft...

levels on all the major indices. for that we start with president obamas tax plan. hes expected to propose to cut the tax rate, but with the lower rate would come the were going to break down which sectors will benefit. christie to buffett says shut up. if the billionaire wants to pay more to the government, he said be my guest, write a check. relief over a bailout disappears. as melissa just told you, and greek stocks the question is what about the credit default swaps? >> disappoin...

unemployment, my re-election process. brilliant. >> you think its completely bogus. >> which number? >> the 28% number. also youre going to start taxing -- >> we have talked -- >> why cant you go like 25% like the rest of the world. >> 28 for personal. >> youre basically going to raise a lot more -- i have argued in the past, andrew. its an outlier argument. i have argued that corporation shouldnt pay taxes anyway. shareholders pay taxes, employees pay taxes. we have to compete globall...

begins right now. >> im jackie deangelis at the realtime exchange. todays trade all about good economic news in the united states. the other worries havent gone away but on the back burner for the moment. heres where we stand right now. take a look at the markets. the dow up by over 100 points. s&p 500 up by 11 points and change. and the nasdaq composite seeing a nearly 31-point gain there. nice green in terms of our markets here. taking the pulse of the markets, the euro, it was impro...

>> after the worst selloff of the year, the road map sees perhaps some more red as moodys says it may cut ratings of 114 financial institutions around the world. >> adding to the worries, concerns about the greek bailout ahead of a finance ministers meeting on monday. and foreign direct investment in china down again for the third straight month. >> meantime, the chart on apple raising some eyebrows again today amid more reports about ipad disputes in china. meantime, a big downgrade o...