Fbn a. M. Starts right now. Glory days. Well, theyll pass you by. Glory days. In the wink of a young girls eye. Glory days, glory days. Well, theres a girl that lives up the block. Lauren welcome to fbn a. M. Good morning on this wednesday. Im lauren simonetti. Cheryl good morning, everybody. Im cheryl casone. Lauren lets take a look at how your money is moving after a monster rally yesterday. We do have a retreat this morning, dow futures down 102, nasdaq giving up 29, s p down 10. Cheryl we did see a fall in bond prices yesterday on news of the tariff delay. Yield on the 10 year right now is lower by 5 basis points, a little bit of a boost this morning. Folks want to watch this on to todays market. Lauren as we continue to watch what goes on with iran, the price of the u. S. Dollar, we do have oil pulling back by 1. 3 , 56. 35 a barrel. Cheryl chinas economy weakening even more. Real estate in particular. Taking a look at asia, despite that news, there is green arrows across the boar
Good morning, everybody. We have got, right here. I maria bartiromo. Top stories right now 6 00 a. M. On the east coast. Markets are off to an ugly beginning of the week worldwide could take a look at futures right now after the horrible selloff on friday. Words this morning the booming economy will drive Interest Rates higher in spark inflation. Industrial average down 129 points in terms of features one half . The biggest oneday decline for the dow since brexit tumbling nearly 700 points in the s p 500 and nasdaq both down 2 down 665 of 65 on the dow. 145 points lower in the nasdaq. Tenyear treasury yields still climbing up to a fouryear high of 225 . As you see there one of the underlying worries. Of course heres to seeing a typical followthrough from what we saw friday on wall street. 5187 points in the dax index down three quarters of 1 . Markets are mostly lower. Nikkei average down 2. 5 . Janet yellen, officially trying to an end as jay powell prepares for his first as chairman
The road map begins with ibm, sales falling for the 13th straight quarter. Ibm not the only stock were reporting on this busy weeks this week. Mixed quarters for vz and united technologies. And facebook the company overtaking overtaking General Electric in market value. Ibm, sales down. Adjusted earnings did beat but the performance of the traditional and software dragging. Earnings hurt by the strong dollar. And they expected a slightly stronger currency impact. The cfo is calling the results a reflection of where we see longterm value in i. T. This will take some time. I think one of the things that happened that was wrong were ibm was that the stock ran in anticipation this would somehow be a breakout quarter. The cf so great. He made it clear it wasnt going to be a great quarter. I kept thinking what about what he said made him feel like this was the one. Software was not as long as id like. Backlog did grow. There were problems in brazil russia, india, china. I am not defending th
Trade to me in welcoming president upon the heads to capitol hill for their meeting with democrats. They will discuss ways to preserve part. Mike pence will also be on the this morning where he will talk with House Republicans about their plans to dismantle up on the care. The senate is due to debate the budget resolution this week with the house were expected to follow next week. Former house in Human Services Kathleen Sebelius will discuss the future of obamacare this morning 7 30 a. M. Eastern time on mornings with maria. House republicans on efforts to get an independent ethics board after plotting by donald trump. Peter burns. House republicans got trip to that an ethics controversy in the first day of the new congress has part of the new Congress House considers a package of rules for how it will consider legislation and conduct of members. House republicans had included in the package a probation to eliminate an office of congressional ethics which congress created in 2000 after
And the cautiousness is on the investor side. Even numbers you put up beat down bottom line and topline. Join us live. You have heard by now what is twitter shares sinking after the Financial Times reported sales kbw says the biggest take away force is not interested in was that management doesnt know buying that company. We have confirmed that report what the Consumer Bank will look like in the future. Now and jim cramer spoke with sounds like a serviceoriented sales force ceo last week. Culture. That may be more wakovia import. You probably saw that here. Jim will join us with his take can you confirm that that kind on this latest news. A new study shows of transition is underway . Traditional sports are losing i can. In fact, we have announced that ground against e sports. We have the Boston Celtics in our retail bank we are moving player looking to diversify and much more to Service Orientation have become an esports team and going to be incentivising owner. That is diversification