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Jan 16, 2015
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kayla tausche takes a closer look. >> reporter: the fourth quarter has little to like for big banks which often serve as a barometer for broader economic health in the united states. bank of america and citigroup seeing a broad slowdown in loan growth as well as a sharp decline in trading activities. in particular bank executives calling the trading environment challenging, turbulent, unpredictable and volatile. causing revenues and fixed income units to drop across the board. citigroup down 16% and bank of america down 21% and j.p. morgan down 23%. now, executives blame volatility on sliding oil prices interest rates, as well as volatility in currencies like the euro the yen, the strengthening dollar and the declining russian ruble. it's a particular change though from a tone they used to take where they said volatility on the whole is good because sharp moves in either direction for securities would cause fee paying clients to decide whether to buy or sell rather than hold. bank of america's bruce thompson said that may have helped equities but not other parts of the market. goldman sac
kayla tausche takes a closer look. >> reporter: the fourth quarter has little to like for big banks which often serve as a barometer for broader economic health in the united states. bank of america and citigroup seeing a broad slowdown in loan growth as well as a sharp decline in trading activities. in particular bank executives calling the trading environment challenging, turbulent, unpredictable and volatile. causing revenues and fixed income units to drop across the board. citigroup...
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Jan 7, 2015
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for "nightly business report," i'm kayla tausche. >>> another matter on the minds of lawmakers today, legislation to resume construction on a controversial keystone xl pipeline. that would bring crude from the oil sands of canada all the way to refineries along the gulf coast. republican senator john hoevin of north dakota who introduced the bill to approve the pipe laip today is critical of president obama's inaction on the project. >> this project has been delayed for more than six years by the president. the strike that psychiatry is defeat through endless delays. this will move energy more safely cost effective. it will take congestion off the rail. >> but white house spokesman josh erinest was clear about what the president intends to do about that bill. >> this legislation is not all together different than introduced in the last congress and you'll recall that we put out a statement of administration position indicating that the president would have vetoed had that passed the previous congress and if this bill passes this congress the president wouldn't sign it either. >> const
for "nightly business report," i'm kayla tausche. >>> another matter on the minds of lawmakers today, legislation to resume construction on a controversial keystone xl pipeline. that would bring crude from the oil sands of canada all the way to refineries along the gulf coast. republican senator john hoevin of north dakota who introduced the bill to approve the pipe laip today is critical of president obama's inaction on the project. >> this project has been delayed for...
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Jan 9, 2015
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general clark, thank you very much. >> i want to thank simon hobbs, kayla tausche as well. you know the markets would be our central focus particularly on a jobs day where the jobs report coming in better than expected but nonetheless this is a story we do don't cover and our developments with tyler mathisen who takes it away. >> night has dome france the end of a terrible day there. several hostages at a kosher supermarket in paris have been killed. that's the scene on your left in paris. on the right the scene where french security services successfully freed a hostage and killed the two brothers responsible for wednesday's attack at the satirical magazine where they murdered
general clark, thank you very much. >> i want to thank simon hobbs, kayla tausche as well. you know the markets would be our central focus particularly on a jobs day where the jobs report coming in better than expected but nonetheless this is a story we do don't cover and our developments with tyler mathisen who takes it away. >> night has dome france the end of a terrible day there. several hostages at a kosher supermarket in paris have been killed. that's the scene on your left in...
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Jan 5, 2015
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kayla tausche with what is on the line for the banks.e can remember a couple of instances where they got sent back. >> shareholders never like to see that especially with so few banks being able to increase their buy backs and dividends. since the financial crisis. but in that reason it is the most crucial deadline for wall street banks and their share shoulders. 31 global financial institutions all with more than $50 billion in assets must submit these hefty documents proving they can weather extreme economic depression in order to hike those dividends and buy backs. and then the fed gets the final say on whether those firms meet its guidelines. but you a few banks on the hot seat. doifrp bank is deutsche bank is going through the process for the first time. bank of america was forced to skroop scrap a $5 billion buy back. citigroup failing all together. had to spekd the entirety of the past year trying to fix the problem. jeff hart met with management and said the management feels it's confident with what it believes is far better info
kayla tausche with what is on the line for the banks.e can remember a couple of instances where they got sent back. >> shareholders never like to see that especially with so few banks being able to increase their buy backs and dividends. since the financial crisis. but in that reason it is the most crucial deadline for wall street banks and their share shoulders. 31 global financial institutions all with more than $50 billion in assets must submit these hefty documents proving they can...
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Jan 14, 2015
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kayla tausche is with us to talk about what they're looking for because financials are key going forward. >> they're the barometer of the overall economy too. it appears the fourth quarter will show a tale of two businesses. one side the main street facing businesses of wall street that are going to do really well. lower oil prices and continued interest rates helps demand for loans, consumer spen up and people use the money to pay off bills. ironically the wall street side of the business trading activity some of the ipo activity and some of the more high finance areas of the business won't do so well because of the various macroeconomic parts that affect it. >> i thought trading was pretty -- the big volume in the stock market last year. not as much volatility but certainly a lot this year. why is trading suffering? >> you would think more volatility means more volume in the market and it does but what executives have been saying as recently as last month is that a lot of the trading has become electronic trading. more each quarter and they don't make as much off of that. it's cheaper
kayla tausche is with us to talk about what they're looking for because financials are key going forward. >> they're the barometer of the overall economy too. it appears the fourth quarter will show a tale of two businesses. one side the main street facing businesses of wall street that are going to do really well. lower oil prices and continued interest rates helps demand for loans, consumer spen up and people use the money to pay off bills. ironically the wall street side of the...
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Jan 15, 2015
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kayla tausche reported cfo said we won't say we never considered simplifying business model, i e.ight simplify the model instead. does that tell you anything. >> any company has to look you know, each quarter, each year at strategic options and determine what's best. i giuess we're not surprised, keep the companies doing what they're doing. there's benefits of being big, globaling ability to serve a larger customer base but you've got to take action. last quarter citi took actions in its consumer bank exiting 11 new markets. this quarter today, they came out with announcement united nations side nonstrategic institutional businesses. re-evaluate each quarter. the talk of the large-scale breakup, not something we foresee. >> you're inclination to lean into the regionals. >> look where valuations are, bigger banks, several multiple points cheaper than regionals. kind of think about 2015 will play out, actually probably bias towards bigger banks. they've been under pressure, the group's under pressure year to date. but as we kind of move forward from here macro concerns around intere
kayla tausche reported cfo said we won't say we never considered simplifying business model, i e.ight simplify the model instead. does that tell you anything. >> any company has to look you know, each quarter, each year at strategic options and determine what's best. i giuess we're not surprised, keep the companies doing what they're doing. there's benefits of being big, globaling ability to serve a larger customer base but you've got to take action. last quarter citi took actions in its...
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Jan 2, 2015
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kayla tausche with the look at the financial sector but first, here's josh lipton on tech. >> reporter: consumers can never own enough gadgets and tech companies will keep pushing their latest products to them in 2015 but not every tech toy will fly off the shelves. here are three predictions. first, the crowded market for wearables will get smaller. sit bit and jawbone are now household names and the launch of apple watch next year will make a big splash in the wearable space. is there really enough demand for so many products that often overlap? expect to see consolidation in this space. job own, for example, talked about as a takeout target. 2015 could be the year it gets bought. second go pro goes drone. the consumer drone market is blowing up. and go pro is taking notice. their reports that the camera maker will enter the space and while goe pro isn't confirming these reports, it isn't denying them either. expect the camera maker to move into drones and drive demand for this hobby even higher. third, more trouble for tablets. tablets are under pressure as consumers opt for smartph
kayla tausche with the look at the financial sector but first, here's josh lipton on tech. >> reporter: consumers can never own enough gadgets and tech companies will keep pushing their latest products to them in 2015 but not every tech toy will fly off the shelves. here are three predictions. first, the crowded market for wearables will get smaller. sit bit and jawbone are now household names and the launch of apple watch next year will make a big splash in the wearable space. is there...
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Jan 6, 2015
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kayla tausche as always. markets getting volatility here. up some 75 points or so. stocks down now 45 or so. with a day the stocks had hoped to bounce back after yesterday, the worst day in three months. below back below 50 a barrel. the low for the session, 48.47. relief is not in sight in crude. >> and moves in the dollar as well and the bond market, the ten year now below 2%. when we talked to art cashin last month and asked if we'd retest the lows he said yes. and a lot of people thought he was wrong on that. when you have volatility and flight to safety, that is where you see it. >> bill gross weighing in and a time for deflation. central banks lose their fire power. kevin, give me pack rmacro thou for how we should think about 2015. >> right there the dichotomy. the big gross camp saying ten year down and indication for deflation and basically no benefit from the degrees in value of energy and oil. and i don't take that side. if i had to start the economy and put money to work today, wouldn't i want it do it at oil at a hundred or at 35. i actually think oil w
kayla tausche as always. markets getting volatility here. up some 75 points or so. stocks down now 45 or so. with a day the stocks had hoped to bounce back after yesterday, the worst day in three months. below back below 50 a barrel. the low for the session, 48.47. relief is not in sight in crude. >> and moves in the dollar as well and the bond market, the ten year now below 2%. when we talked to art cashin last month and asked if we'd retest the lows he said yes. and a lot of people...
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Jan 8, 2015
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but with us as always kayla tausche on post nine.day where the dow is once again positive for 2015. s&p less tan a point
but with us as always kayla tausche on post nine.day where the dow is once again positive for 2015. s&p less tan a point
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Jan 6, 2015
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kayla tausche joins us. >> there are potentially a lot of changes with the new congress being sworn inany to have a near-term impact. here is what they are watching. the renewal of the terrorism risk insurance act. it died due to a wall street-friendly rider that exempted nonbanks from holding collateral when they traded derivatives. republicans say it's a must do. it will likely make it through with something wall street pushes for that the white house doesn't necessarily like. that doesn't mean rolling back dodd-frank all together. it's now the law of the land. certain parts of the law could be edited like the consumer financial protection bureau which could see a push for a new governing structure that emulates other regulatory bodies. the senate is expected to take up a bipartisan bill that allows them to declare chapter 11. that makes tax bailouts lease likely. there are people moves. the controversial appointment of antonio weiss as treasury under secretary which garnered a surprising and some say unfair amount of criticism last year. there is the nomination of loretta lynch of n
kayla tausche joins us. >> there are potentially a lot of changes with the new congress being sworn inany to have a near-term impact. here is what they are watching. the renewal of the terrorism risk insurance act. it died due to a wall street-friendly rider that exempted nonbanks from holding collateral when they traded derivatives. republicans say it's a must do. it will likely make it through with something wall street pushes for that the white house doesn't necessarily like. that...
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Jan 2, 2015
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i'm kayla tausche in for kelly evans. triple digit gain early on in the session evaporating after we got some nasty data out of factory orders and construction spnd spending weaker than expected. as we saw volatile day for oil, bill, as well. >> one of the days where bad news was bad news. you could have argued once an upon you could have said bad news would mean that the fed would delay raising interest rates and the market rally on that. that didn't happen today. and you wonder if that's the kind of action we will see going into 2015 here if suddenly now bad news is bad news and vice versa. >> volatility bill seems to be here to stay. >> yes, ma'am. it is. we'll talk about that. the volatility index is moving up as well today. there's the dow up 120 as kayla was mentioning. down about 99 points at the apex of the day. the low of the day. now down 30 into the final hour of trading and the volatility index. made a liar out of me. down to 1831 and rather elevated level when you consider the rest of the market has been doin
i'm kayla tausche in for kelly evans. triple digit gain early on in the session evaporating after we got some nasty data out of factory orders and construction spnd spending weaker than expected. as we saw volatile day for oil, bill, as well. >> one of the days where bad news was bad news. you could have argued once an upon you could have said bad news would mean that the fed would delay raising interest rates and the market rally on that. that didn't happen today. and you wonder if...
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Jan 8, 2015
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but with us as always kayla tausche on post nine. on a day where the dow is once again positive for 2015. s&p less tan a point away. stocks well into the green. the dow up 28. sec day in a row a good gain after yesterday's one percent gain. chipotle chipotle up as more signs that the consumers spent some money over the last couple months. >> the costco coming in a little like but investoring still like it. barnes & noble with better than expected. pier one imports. saying look the consumer was spending. and wall street is now trying to balance the negative economic data from december about whether the economy expanded in the manufacturing and services sector and some geographies with how much of a benefit the consumer actually got from lower oil. >> back to session highs now. up almost 300 on the dow. 2060. we were below 2000 seems like a few hours ago. we are going to get more chop this year. i guess you agree. >> i think so. and i think the down days are the startling reminder how quickly sentiment can change. it's great to see it
but with us as always kayla tausche on post nine. on a day where the dow is once again positive for 2015. s&p less tan a point away. stocks well into the green. the dow up 28. sec day in a row a good gain after yesterday's one percent gain. chipotle chipotle up as more signs that the consumers spent some money over the last couple months. >> the costco coming in a little like but investoring still like it. barnes & noble with better than expected. pier one imports. saying look the...
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Jan 9, 2015
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. >> i want to thank simon hobbs kayla tausche as well. you know the markets would be our central focus particularly on a jobs day where the jobs report coming in better than expected but nonetheless this is a story we do don't cover and our developments with tyler mathisen who takes it away. >> night has dome france the end of a terrible day there. several hostages at a kosher supermarket in paris have been killed. that's the scene on your left in paris. on the right the scene where french security services successfully freed a hostage and killed the two brothers responsible for wednesday's attack at the satirical magazine where they murdered 12 individuals. our other top story today the u.s. markets falling hard right now after several days of very nice gains. right now the dow as you see down about 1% at 17,731. the s&p 500 close behind it at 2043 in terms of percentage declines. the russell off three quarters of 1% and nasdaq off three quarters of a percent. let's check in with michelle caruso-cabrera. >> thank you. three hostage taker
. >> i want to thank simon hobbs kayla tausche as well. you know the markets would be our central focus particularly on a jobs day where the jobs report coming in better than expected but nonetheless this is a story we do don't cover and our developments with tyler mathisen who takes it away. >> night has dome france the end of a terrible day there. several hostages at a kosher supermarket in paris have been killed. that's the scene on your left in paris. on the right the scene...
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Jan 2, 2015
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i'm kayla tausche in for kelly evans. triple digit gain early on in the session evaporating after we got some nasty data out of factory orders and construction spnd spen
i'm kayla tausche in for kelly evans. triple digit gain early on in the session evaporating after we got some nasty data out of factory orders and construction spnd spen
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Jan 14, 2015
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jon fortt and kayla tausche on a day where the markets are in the lead. the volatile sell-off at the get-go after sales disappointed for december. pretty modest quarter out of jpmorgan. meantime tesla and other things at work. but in general we've bounced around the 2,000 level on the s&p and oil we're watching closely which is moderately in the green right now. mike, people either don't want it to believe the retail sales number and if they do they say it points to we have a problem. >> skittish market to begin with. copper prices collapsing overnight. a lot of these big asset markets moving in ways that seem to keep people on their heels. i think the retail story more important than normally the kind of typical monthly retail sales number because coming into the year the new story had to be the u.s. consumer was the strongest element in all the world's economies. if that gets compromised at all, i'm not saying it is undercut right now, but that's why it matters today. >> do you think we are not seeing the savings on lower gas prices trickle through to r
jon fortt and kayla tausche on a day where the markets are in the lead. the volatile sell-off at the get-go after sales disappointed for december. pretty modest quarter out of jpmorgan. meantime tesla and other things at work. but in general we've bounced around the 2,000 level on the s&p and oil we're watching closely which is moderately in the green right now. mike, people either don't want it to believe the retail sales number and if they do they say it points to we have a problem....
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Jan 13, 2015
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with us jon fortt at post nine, kayla tausche has graceds us with her presence once again.ood to have you back. >> good to be back. >> markets in rally mode, dow up 245, looks like a lot, the best day for the dow since last thursday but the dow is positive once again for the year. just about. s&p is up to 2053. crude oil, providing some stability here as west texas has once again gone positive. apple shares meantime gaining nearly 3% after getting a pretty nice upgrade this morning over at credit suisse. they see greater iphone 6 sales driving the stock higher on the back of pc sales out last night. gardener and idc showing, jon, apple with about 7% market share. nice in addition to everything else going on. >> it is. i'm a little cautious on apple here just personally. i'm not an analyst obviously but i take a look at what's happening out there in general and you see iphone has been doing extremely well. they've increased their target inventory for the iphone which is going to have an impact on comps for the rest of the year. so when you consider that, and apple has been u
with us jon fortt at post nine, kayla tausche has graceds us with her presence once again.ood to have you back. >> good to be back. >> markets in rally mode, dow up 245, looks like a lot, the best day for the dow since last thursday but the dow is positive once again for the year. just about. s&p is up to 2053. crude oil, providing some stability here as west texas has once again gone positive. apple shares meantime gaining nearly 3% after getting a pretty nice upgrade this...
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Jan 23, 2015
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joining us as always this morning, jon fortt and kayla tausche here at post nine.usy morning as the markets gave up some of the gains from yesterday's draghi led rally but the big story down here at the exchange is box. cloud storage company box going public at the nyse. shares soared early on in trading. 2260, about a 61% gain, we talked to box ceo aaron levie in the last hour. and we asked him why he priced the company the way he did. here's his answer. >> our job is to try to get a fair valuation for the company in this process and i think that was the strategy we employed and let the market figure out what the pricing is from there and i think given the growth of the business, you'll see kind of what we're up to. >> all right. aaron, congratulations. >> thank you. >> there's a -- read in the paper like you, google's xhods tized, not making money, don't know when they'll make money, you could make money tomorrow if you wanted to curtail growth, i understand it, and you are far more security oriented than google. in cyber security matters tremendously right now.
joining us as always this morning, jon fortt and kayla tausche here at post nine.usy morning as the markets gave up some of the gains from yesterday's draghi led rally but the big story down here at the exchange is box. cloud storage company box going public at the nyse. shares soared early on in trading. 2260, about a 61% gain, we talked to box ceo aaron levie in the last hour. and we asked him why he priced the company the way he did. here's his answer. >> our job is to try to get a...
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Jan 5, 2015
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america and slava rubin quo founder of indigo go, john forth on his way, all of us with us is kayla tauscheod to see everybody. begin with markets and talk about the fact we're off 200 points and the dow in the red, off triple digits and bob pisani is on the floor to tell us why. >> what's important to put things in perspective. we hit a closing high the 29th, 2090, now at 2031, do the math, two down days essentially, december 31st and today, so the s&p is 2.5, 2.6% off its historic highs. a little revision in the earnings estimates with energy and that's the problem if you look at the sectors today, with oil down below $51, energy to the downside, materials, that's a concern on commodities discretionary and industrials. commodities at four-year lows. big energy, well your usual names, the 2 to 3% decline. that's a little unusual. 4% decline, schlumberger and halliburton down. what's the macro trend? the problem with today the macro trend for the last three months is working again today. so ten-year yields are moving, the dollar index is at a new year high, the dollar index is going back fo
america and slava rubin quo founder of indigo go, john forth on his way, all of us with us is kayla tauscheod to see everybody. begin with markets and talk about the fact we're off 200 points and the dow in the red, off triple digits and bob pisani is on the floor to tell us why. >> what's important to put things in perspective. we hit a closing high the 29th, 2090, now at 2031, do the math, two down days essentially, december 31st and today, so the s&p is 2.5, 2.6% off its historic...
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Jan 22, 2015
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with us as always, jon fortt and kayla tausche here at post nine on a busy day for the markets. has probably what you would call the lead, 60 billion euros a month in quantitative easing for the first time over there through 2016. has succeeded in rescuing equities quite a bit. s&p is now within about 8 points of going positive for 2015, back to the 50-day moving average. euro tumbling on that muse as well, below 1.15. yield on the 10-year has been all over the map. we will try to cover that and technology as best as we can. what a flurry of news in the mast few hours. >> our next guest has a lot of thoughts on the markets an where we're going. less bring in trend macro chief don luskin, good to see you. >> thanks, kayla. >> the ecb's announcement has been called a battleship, bazooka, going to last longer than expected, larger than originally tell graphed, but how effective does the buy side think the program as laid out today will be? >> you know, this is one of the funniest things i've ever seen in terms of market sentiment. we've been going through months and months where ev
with us as always, jon fortt and kayla tausche here at post nine on a busy day for the markets. has probably what you would call the lead, 60 billion euros a month in quantitative easing for the first time over there through 2016. has succeeded in rescuing equities quite a bit. s&p is now within about 8 points of going positive for 2015, back to the 50-day moving average. euro tumbling on that muse as well, below 1.15. yield on the 10-year has been all over the map. we will try to cover...
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Jan 9, 2015
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i'm kayla tausche. our top story is two hostage situations ongoing in paris just days after gunmen attacked a satirical magazine leaving 12 dead. one hostage, involves two brothers suspected in that attack. the other situation involves unknown number of hostages at the kosher grocery store in eastern paris. with more let's get to michelle. >> it appears as though something is unfolding at the first hostage situation you mentioned. northeast of paris about 45 minutes. near charles de gaulle airport. these are live pictures. we heard loud noises on the feed. they could be gunshots, flash bangs but definitely explosions heard at this print shop. we also saw smoke. so we're not quite sure what is happening. so more loud noises we just heard this live. let's listen for one secondicious see whsecond. let let's see what we hear. this is a situation where two suspects, two brothers in their early 30s, the kouachi brothers who are believed to be the sus -- there is definitely something unfolding here. it is just
i'm kayla tausche. our top story is two hostage situations ongoing in paris just days after gunmen attacked a satirical magazine leaving 12 dead. one hostage, involves two brothers suspected in that attack. the other situation involves unknown number of hostages at the kosher grocery store in eastern paris. with more let's get to michelle. >> it appears as though something is unfolding at the first hostage situation you mentioned. northeast of paris about 45 minutes. near charles de...
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Jan 27, 2015
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. >> jon fortt, kayla tausche as well. your take this morning, spencer? you're a real estate guy but thoughts op the degree to which 4 x and some of the macro data has taken people by surprise? >> it's a weak earnings season so farp. couple stalwarts coming and hopefully betters into out of them. as a public company ceo i try to block out the noise and try not to overreact. jim cramer hit the nail when talking about there will be big sell-offs today by the end of the day, by tomorrow if you have a long-term view you can get perspective. ri not to overreact. >> when you manage in a macro fire storm like we're seeing with low oil, strong dollar and interest rates taking a rather unpredictable turn, how much stock do you put into some of these macro issues in terms of your daily operations or do you say, let's wait six weeks, eight weeks, to see how much they really affect us? >> it definitely affects psychology. on a day-to-day basis making hiring decisions all the time, add dozens or hundreds of people. when you see the stock market react and see these mac
. >> jon fortt, kayla tausche as well. your take this morning, spencer? you're a real estate guy but thoughts op the degree to which 4 x and some of the macro data has taken people by surprise? >> it's a weak earnings season so farp. couple stalwarts coming and hopefully betters into out of them. as a public company ceo i try to block out the noise and try not to overreact. jim cramer hit the nail when talking about there will be big sell-offs today by the end of the day, by...
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Jan 30, 2015
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we'll get to you on a busy day, kayla tausche, jon fortt and i on set, watching a market that is lowerg buoyed by thes like of as visa, amazon and apple. all-time high for apple at 119, almost $120 a share, going back to the ipo in december of 1980. >> yeah. and the word of the earnings season in tech is ecosystem i think, and apple is the standout here. they are the ones who really have this combination of retail, of software, of hardware. even though it's high end, they built that out in places like china in such a way, and built a following in such a way, they can succeed in this market despite the currency headwinds you hear about, things that have tripped up the likes of ebay and to some extent google, although the stock is up after earnings. >> visa blowing the doors off the quarter which we talk about as more of a tangential stock to apple. one of the enablers of apple pay and one of the leaders in the mobile payment space. that's good for about 90 positive points on the dow. it's interesting to think about where the dow would be were visa not so stroj todstrong today. >> gdp, o
we'll get to you on a busy day, kayla tausche, jon fortt and i on set, watching a market that is lowerg buoyed by thes like of as visa, amazon and apple. all-time high for apple at 119, almost $120 a share, going back to the ipo in december of 1980. >> yeah. and the word of the earnings season in tech is ecosystem i think, and apple is the standout here. they are the ones who really have this combination of retail, of software, of hardware. even though it's high end, they built that out...
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Jan 15, 2015
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. >> jon fortt and kayla tausche on a crazy morning full of news, bank earnings, retail news.st buy getting hammered after the company lowers its outlook for 2015 thanks to slow demand and falling prices. the company did see holiday comps rise about 2.5% with big screen tvs and smartphones offsetting weakness in tablets. internet sales hurting big box retailers and we've been having discussions about price parity between best buy and amazon, competitive market and hurts. >> it does. interesting thing to me out of what best buy had to say was kind of a sobering look at the rest of the year, saying that price pressures, would pressure their margins and they don't expect demand to be that strong, coming out of a holiday season where as you mentioned the comps were pretty good. how this follows through for a company like gopro that does so much business through the likes of a best buy, what kind of demand follow through do you see from them. we've seen that stock all over the place. we will look for guidance from companies like that. gives the fact that international markets have
. >> jon fortt and kayla tausche on a crazy morning full of news, bank earnings, retail news.st buy getting hammered after the company lowers its outlook for 2015 thanks to slow demand and falling prices. the company did see holiday comps rise about 2.5% with big screen tvs and smartphones offsetting weakness in tablets. internet sales hurting big box retailers and we've been having discussions about price parity between best buy and amazon, competitive market and hurts. >> it does....
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Jan 28, 2015
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however our cast is the same this morning, jon fortt, kayla tausche here at post nine on a day wherearkets have lost momentum even though we got a nice start with the likes of apple and boeing. apple, shares are still positive, soaring after fourth quarter earnings absolutely crushed expectations. the company sold more than 7 4 million iphones in that time hosting the largest profit in corporate history. josh lipton talked to tim cook and he's live in san jose this morning. >> apple stunned wall street and investors with those latest results. the big number in that report as you mentioned, apple shipping over 74 million iphones. that is way more than the street expected and it sold those phones at higher prices. the average at 687 was the highest ever according to ptig. the results for the flagship product helped soften the blow of another disappointing quarter for ipads. apple shipped 21 million ipads a drop of 20% and when i spoke to apple's ceo tim cook he said there could be some in his words can ballization taking place between the mac on one end and the phone on the other. also
however our cast is the same this morning, jon fortt, kayla tausche here at post nine on a day wherearkets have lost momentum even though we got a nice start with the likes of apple and boeing. apple, shares are still positive, soaring after fourth quarter earnings absolutely crushed expectations. the company sold more than 7 4 million iphones in that time hosting the largest profit in corporate history. josh lipton talked to tim cook and he's live in san jose this morning. >> apple...
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Jan 20, 2015
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daily mail north america, ed lee, also here, managing editor at re/code and with me as always kayla tauscherst up according to the information google is in talks to invest in elon musk's company, space x. apparently the purpose of the deal is to support the development of satellites that could send low-cost internet to billions across the globe. a source close to the alleged deal tells the information google has also agreed to value spacex at more than $10 billion. guys, is there really going to be a payoff to low-cost internet everywhere? we have balloons, drones, maybe satellite, supposed to be spreading internet into the him leylas. >> google leap frogging cable. they've done google fiber. always rumors about google buying a cable company the. thinking five, ten years, it makes sense they would go to satellites. larry page and elon musk very close. big ambitious map makes sense if you have an up limited budget. >> the rumors about a fund raise and $10 billion valuation were out there as far back as this summer, but it's interesting to see google in my opinion looking to buy in to some of
daily mail north america, ed lee, also here, managing editor at re/code and with me as always kayla tauscherst up according to the information google is in talks to invest in elon musk's company, space x. apparently the purpose of the deal is to support the development of satellites that could send low-cost internet to billions across the globe. a source close to the alleged deal tells the information google has also agreed to value spacex at more than $10 billion. guys, is there really going...
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Jan 21, 2015
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♪ ♪ >>> and welcome to "squawk alley" for a wednesday, joining us this morning, be jon fortt, kayla tauschee at post nine. interesting market day setting up. a lot of headline risk. bank of canada cutting rates. rumors about the ecb move tomorrow. the secretary general of opec saying oil prices will return to normal soon. then netflix, of course after the quarter last night 72 cents, beating 45 cents. a lot of discussion about international going pretty well. the notion that tv channels, john and kayla, turning into apps working in netflix's favor. >> that was my question international heading into this where would it fall in the hierarchy of needs in europe, apparently high with shelter and food. >> netflix coming close to making up the ground it's lost in the last six months. i checked the data and actually for the last 15 quarters, 15 out of the last 20 quarters, it's had an average of a 9% move to the upside or the downside after earnings. so that's what happens with a momentum stock. expectations are low or too high and you get a big move like you see today. >> not working in the short
♪ ♪ >>> and welcome to "squawk alley" for a wednesday, joining us this morning, be jon fortt, kayla tauschee at post nine. interesting market day setting up. a lot of headline risk. bank of canada cutting rates. rumors about the ecb move tomorrow. the secretary general of opec saying oil prices will return to normal soon. then netflix, of course after the quarter last night 72 cents, beating 45 cents. a lot of discussion about international going pretty well. the notion...
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Jan 27, 2015
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. >> jon fortt, kayla tausche as well. your take this morning, spencer?but thoughts op the degree to which 4 x and some of the macro data ha
. >> jon fortt, kayla tausche as well. your take this morning, spencer?but thoughts op the degree to which 4 x and some of the macro data ha
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with us jon fortt at post nine kayla tausche has graceds us with her presence once again.>> good to be back. >> markets in rally mode dow up 245, looks like a lot, the best day for the dow since last thursday but the dow is positive once again for the year. just about. s&p is up to 2053. crude oil, providing some stability here as west texas has once again gone positive. apple shares meantime gaining nearly 3% after getting a pretty nice upgrade this morning over at credit suisse. they see greater iphone 6 sales driving the stock higher on the back of pc sales out last night.
with us jon fortt at post nine kayla tausche has graceds us with her presence once again.>> good to be back. >> markets in rally mode dow up 245, looks like a lot, the best day for the dow since last thursday but the dow is positive once again for the year. just about. s&p is up to 2053. crude oil, providing some stability here as west texas has once again gone positive. apple shares meantime gaining nearly 3% after getting a pretty nice upgrade this morning over at credit...
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Jan 7, 2015
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joining me is lee gallagher, stephanie link and kayla tausche.ple that turn on the televisions or look at market saying really after the shocking events of paris this morning? are you surprised at the resilience today? >> no i think we are a bit oversold heading into today to begin with and then the fed told us what we have been saying far listening time the economy is getting better. that lower oil prices are good for the economy. and that interest rates probably staying pretty low for the next several meetings and starting to tightening, it's gradual and data dependent. all of this means good things for the economy, the consumer and for earnings. and i think that's what's going on here. in addition, low interest rates very positive for stocks. right? and again, for the economy. i think there's a lot to be encouraged about. >> we did see stocks kayla, high of the session and then came back a little bit bouncing around. is that the focus the minutes or because they're a couple of weeks old is it other drivers in the market from here? >> i think i
joining me is lee gallagher, stephanie link and kayla tausche.ple that turn on the televisions or look at market saying really after the shocking events of paris this morning? are you surprised at the resilience today? >> no i think we are a bit oversold heading into today to begin with and then the fed told us what we have been saying far listening time the economy is getting better. that lower oil prices are good for the economy. and that interest rates probably staying pretty low for...
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i'm kayla tausche.ngoing in paris just days after gunmen attacked a
i'm kayla tausche.ngoing in paris just days after gunmen attacked a
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however our cast is the same this morning, jon fortt, kayla tausche here at post nine on a day whereh we got a nice start with the likes of apple and boeing. apple, shares are still positive, soaring after fourth quarter earnings absolutely crushed expectations. the company sold more than 7
however our cast is the same this morning, jon fortt, kayla tausche here at post nine on a day whereh we got a nice start with the likes of apple and boeing. apple, shares are still positive, soaring after fourth quarter earnings absolutely crushed expectations. the company sold more than 7
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jon fortt and kayla tausche on a day where the markets are in the lead.ted for december. pretty modest quarter out of jpmorgan. meantime tesla and other things at work. but in general we've bounced around the 2,000 level on the s&p and oil we're watching closely which is moderately in the green right now. mike, people either don't want it to believe the retail sales number and if they do they say it points to we have a problem. >> skittish market to begin with. copper prices collapsing overnight. a lot of these big asset markets moving in ways that seem to keep
jon fortt and kayla tausche on a day where the markets are in the lead.ted for december. pretty modest quarter out of jpmorgan. meantime tesla and other things at work. but in general we've bounced around the 2,000 level on the s&p and oil we're watching closely which is moderately in the green right now. mike, people either don't want it to believe the retail sales number and if they do they say it points to we have a problem. >> skittish market to begin with. copper prices...
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we'll get to you on a busy day, kayla tausche, jon fortt and i on set, watching a market that is lowerzon and apple. all-time high for apple at 119, almost $120 a share, going back to the ipo in december of 1980. >> yeah. and the word of the earnings season in tech is ecosystem i think, and apple is the standout here. they are the ones who really have this combination of retail of
we'll get to you on a busy day, kayla tausche, jon fortt and i on set, watching a market that is lowerzon and apple. all-time high for apple at 119, almost $120 a share, going back to the ipo in december of 1980. >> yeah. and the word of the earnings season in tech is ecosystem i think, and apple is the standout here. they are the ones who really have this combination of retail of
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♪ ♪ >>> and welcome to "squawk alley" for a wednesday, joining us this morning, be jon fortt, kayla tauscheet day setting up. a lot of headline risk. bank of canada cutting rates. rumors about the ecb move tomorrow. the secretary general of opec saying oil prices will
♪ ♪ >>> and welcome to "squawk alley" for a wednesday, joining us this morning, be jon fortt, kayla tauscheet day setting up. a lot of headline risk. bank of canada cutting rates. rumors about the ecb move tomorrow. the secretary general of opec saying oil prices will
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or are they hamstrung by what kayla tausche was talking about, even in the u.s.tress test and acquisition scenarios? it's not that feasible for them. you can take advantage of the stricter regulatory environment these days? >> that's a great question. certainly played into our thought around timing. it's very quiet on the acquisition front. not a the loot oflot of banks have this confidence. we thought the environment may be different a year from thousand.now. this is a prize bank that a lot of other banks would like to partner with. they were a not for sale. it all came together with the perfect timing. >> what is the city national acquisition going to mean as you reposition or continue move ahead for the next couple years despite some of the macro challenges we've talked about? >> well, many of our camenadian commercial customers are set being up operations in the u.s.. so part of this is helping our growing canadian franchise would i having access to u.s. commercial account and cash management kachcapability. we see a great opportunity to cross sell into our 3
or are they hamstrung by what kayla tausche was talking about, even in the u.s.tress test and acquisition scenarios? it's not that feasible for them. you can take advantage of the stricter regulatory environment these days? >> that's a great question. certainly played into our thought around timing. it's very quiet on the acquisition front. not a the loot oflot of banks have this confidence. we thought the environment may be different a year from thousand.now. this is a prize bank that a...
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joining us as always this morning, jon fortt and kayla tausche here at post nine.e of the gains from yesterday's draghi led rally but the big story down here at the exchange is box. cloud storage company box going
joining us as always this morning, jon fortt and kayla tausche here at post nine.e of the gains from yesterday's draghi led rally but the big story down here at the exchange is box. cloud storage company box going
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kayla tausche has had a long day already.market analyst kenny polcari is here and also with us for more on today's market action and the earnings out shortly, "fast money" trader guy adami. welcome. and with ross gerber from gerber kawasaki. do you think apple is going to blow it out? >> apple will have a huge number today. who knows how many phones they sold in china and i'm really excited because they've taken so much share from samsung. so like last earnings they did very well. i expect more too, also from the mac. the mac i think sold very well in the quarterback. so . >> just because we're going to need them to deliver if you want the tech sector to turn around. it was the worst performer today because of microsoft and some others. speaking of earnings, the parade is getting under way as you can see. amgen earnings are out. the biotech giant results now with our meg terrell. >> looking at amgen fourth quarter, a bit of a beat here on adjusted earnings and revenue. eps at $2.16 versus $2.05. now, importantly there also re
kayla tausche has had a long day already.market analyst kenny polcari is here and also with us for more on today's market action and the earnings out shortly, "fast money" trader guy adami. welcome. and with ross gerber from gerber kawasaki. do you think apple is going to blow it out? >> apple will have a huge number today. who knows how many phones they sold in china and i'm really excited because they've taken so much share from samsung. so like last earnings they did very...
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home with kayla tausche and cnbc contributor jon najarian. to talk about the patriots. >> yes. >> first for more on today's market action it's brian kelly. steve grasso is joining us shortly off the floor. i don't know where to start. nobody has talked about the state of the union. i know we're supposed to start with markets a little bit. is there an impact there we're overlooking do you think? >> listen the president had a lot to say, a lot to say about cutting taxes, especially a lot to say about raising taxes on investors. i don't think you're seeing a market reaction because nobody believes it's going to happen. nobody believes they will take up the capital gains. so i guess as to the lack of action, pro market. >> are they doing keystone? is that going to happen? >> i don't think that's going to happen either. >> really? >> i don't think -- they may pass it. i think obama is in no mood to go for anything like that. >> veto was the theme. i bring it up too, because you look at what's happened in energy and i wonder what we're fighting ove
home with kayla tausche and cnbc contributor jon najarian. to talk about the patriots. >> yes. >> first for more on today's market action it's brian kelly. steve grasso is joining us shortly off the floor. i don't know where to start. nobody has talked about the state of the union. i know we're supposed to start with markets a little bit. is there an impact there we're overlooking do you think? >> listen the president had a lot to say, a lot to say about cutting taxes,...
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i'm kayla tausche along with brian sullivan and steve leisman.w are in davos getting ready. becky will join us from davos in a minute with marriott international ceoarne sorenson. >>> here's what's happening at this hour. the global imf cutting. what's the "s"? >> i think it's lower case. >> "the wall street journal" reports google is near a $1 billion investment in spacex. it would value the venture at more than $10 billion. amazon announcing plans to produce about 12 movies a year. focusing on budgets between $25 million million. then they'd be available on the amazon prime video service within two months. >> all right. so we are less than 90 minutes away from the opening bell on wall street. and your markets look like this on this holiday shortened week. we are seeing 87 points on the dow jones industrial average. so the u.s. markets hoping this week to reverse three straight weeks of losses. let's also check out the markets in europe. they've been volatile in the last couple weeks and months. not so much today. actually france, uk, germany ar
i'm kayla tausche along with brian sullivan and steve leisman.w are in davos getting ready. becky will join us from davos in a minute with marriott international ceoarne sorenson. >>> here's what's happening at this hour. the global imf cutting. what's the "s"? >> i think it's lower case. >> "the wall street journal" reports google is near a $1 billion investment in spacex. it would value the venture at more than $10 billion. amazon announcing plans to...