, our own kayla tausche. you've seen this carnage, now you have the co-ceo of deutsche coming out, trying to reassure their own employees and perhaps investors at the same time. what do you make of the whole thing? >> perhaps that reassurance, scott, is why we're seeing deutsche bank only down 4 and change percent today. certainly looks like a better performance than the other european banks. and we see unicredit halted on a circuit breaker, now down more than that. credit swiss hitting an all-time low. but deutsche bank, the most important thing, what the cfo said yesterday. he addressed some of the payments coming due, they have about 350 million euros due at the end of april and he said their payment capacity is about 1 billion euros. so he was seeking to pacify any concerns there. but just by the looks of where credit default swaps for deutsche bank ra trading, it doesn't look like that was enough to do it. i believe we have the five-year cds for deutsche bank going back for the last decade. and we are lo

that was kayla tausche reporting. speaking of money, here in hampton roads, police say there's going around. over the past few months, officers in hampton say they've seen bogus bills popping up all over the city. that includes an incident back in november when they say a man spent seven fake 100-dollar bills in the walmart on cunningham drive. investigators say they're also seeing more cases of fake money passing between people selling items on craigslist. officers say the best way to prevent that from happening to you, is to set up a meeting place at the police station. criminals are less likely to pass off fake money there. still ahead on midday- a 14-year-old hero. how he put himself in harms way to save people in two different homes. plus - they look like pearls but you won't believe what this beautiful jewelry is made of. it's a tribute to moms around the world. plus - we're on your side with another look at the super doppler 10 forecast rain-stay with us. i've been a turkey farmer my whole life... and i raise t

kayla tausche, thank you very much for that. again, we had raoul pal on and he cited negative interest rates in europe as being the negative driver behind some of his predictions of certain banks, including deutsche bank going to zero. the other layer is citi group had an interesting note on deutsche bank saying if you take a look at china exposure, the picture in china gets worse. deutsche bank and hsbc are extremely exposed to those markets as well, so whatever pot of problems there exists for deutsche bank right now, that pot could actually be bigger if china gets worse. >> yeah, and, first of all, as kayla pointed out, gold by far is the cheapest systemic bank and it's ironic that the germans tend to be most fiscalically conservative and their bank is the one at the center of the storm. they may have to raise equity but to say this is a case where china will take down european banks or energy loans will take down european banks, i think a lot of this is also who is selling the banks. i think there's very crowded trades. we'v

kayla tausche has more on a bright idea coming soon. >> reporter: smartphones, smart homes, smart watchesw your atm is getting smarter too. >> we view this as much broader than a cash dispenser. >> reporter: jpmorgan chase is overhauling its 18,000 atms and soon you won't need a card to use them. at the e-atm launching later this year, it won't matter if you left your wallet at home, just log into the chase app, find the seven-digit code, type it into any chase atm in your vicinity. it's one of hundreds of features brainstormed at the bank's innovation center in columbus, ohio. some ideas like a fingerprint scanner got left on the cutting room floor but others are being put into practice, like the ability to withdraw three times more money and in more denominations. customers can take out to $3,000 in one-dollar bills if they would like. by the end of next year they'll be able to pay mortgage and credit card bills at one of these machines too. >> we do this because customers are asking for this. they want to be able to bank where they want, when they want, how they want. this machine is a

and tomorrow kayla tausche sits down with jes staley.'ll be right back. >>> barclays reporting tomorrow. kayla tausche has more on the state of europe bean banking. hi, kayla. >> as we know, the european banks have been at the center of the market turmoil. for the last week the focus has been on the banks in the uk. we've seen steep and surprise losses from hsbc, standard charter and that has spooked investors. when barclays reports tomorrow it will be a key focus for a quarter marked by an onslaught of lawsuits, not drying up. then a sluggish european economy, fears about exposure to emerging markets, negative interest rates, now this new fear percolating which is brexit. the uk government issuing its latest warning out today saying that the biggest effect, even though it could effect the lives of millions will be on the financial markets, on investments, and on the value of the pound and in this report saying that the uncertainty and this vote to leave the eu would be the start not the end of a process that could lead to up to a decade

jon najarian and kayla tausche. does it for us today. with another down day in the market, well off the lows is all we can say. "fast money" begins right now. >>> live from the nasdaq market site overlocking new york city's times square. i'm legal is a lee. tonight on "fast" the man who called the august swoon, jpmorgan's head of quantitative strategies is here with a bigger call about high-growth tech stocks and it's nod good and citigroup says we're in the midst of a, quote, death spiral, and nothing we can do about it. the man who pen that had report is here to tell us what has him worried. the commodities king dennis gartman says something has changed about the yellow metal and that has him doing something he hasn't done in many, many years. first, we start off with a market. furious comeback for stocks late in the day. the dow following 401 points at its low only to reverse and close lower by 177. still, the s&p closed at its lowest level since tax day of 2014 rand a bounce like today has hey lot of investors wondering if the worst

in the meantime, scott woman ner and kayla tausche are holding down the fort in new york. >> good morningo you guys. it is earlier on th

for monday, joining us as always, john fortt, kayla tausche and myself. watching the selloff.lee joins us. good to have you this morning. >> thanks. >> markets had a difficult time from the get-go this morning. nasdaq down. s&p down to 1843, the lowest since january 20th. where if you recall, we had that intraday low of 1812. and they were watching this halt of chesapeake, the second today. bob pisani on the floor. >> this is different. i'm in front of the host for chesapeake. this is news pending. recall earlier, these were halted for volatility. that is intraday volatility. and that's sort of a mechanical halt that happens. this is the news pending, so we'll find out what, if anything, the company might have to say at this point. i just want to mention what's going on with some of the overall market right now. because we're sitting not far from the lows for the day here. sectors in terms of the declines we're seeing, financials, consumer discretionary, tech and energy. and, of course, utilities down a bit, but not down nearly as much. it's been a remarkable time here. i want

jon fortt and kayla tausche at post nine. and kara fisher joining us from san francisco. good morning to you. another ugly week despite some solid gains today. dow's up 175. the nasdaq is now down almost 14% for the year. rich wong of xcel telling "usa today" saying, i personally don't think the environment is anywhere as close to as difficult as 2008 or 2009 or 2001, but try telling that to people in tech, kara, especially given the losses in f.a.n.g. how is this playing out in your view, both from a sentiment standpoint and more practically? >> i think practically, people feel good about it, odd enough. in a lot of the places i'm going, a lot of the vcs are happy about it. a lot of people think there was too much money rushing in, especially from the hedge funds and the larger institutional shareholders that were shoving the prices up enormously. i've been hearing this for a while from a lot of prominent vcs, they couldn't have been compete. a little like san francisco real estate, it suddenly got crazy crazy, and then goes back to just normal crazy. so i think everyone

. >> well, congressman, this is kayla tausche and part of the reason why apple has acknowledged thiss a vulnerability, it could, in fact, end up in the nnds of not the u.s. government but other rogue and oppressive governments around the world. and adding to apple's argument is the fact that the u.s. government itself has been subject to data breach, as the irs, the office of personnel management. and i'm wondering what the government is doing, if, in fact, this could end up in the fbi's favor, if they do win this, what is the government doing to safeguard its own databases to make sure this is not a vulnerability? >> i think you're hitting on a very important point. i carry an iphone. almost every member of congress carries an iphone. blackberries have almost gone away. apple products. so every member of congress relies on that same level of security. and let's remember, they do not know what's on this phone. there may not be anything of any importance. and they have the presence of the phone. there are ways to do brute force attack on this phone that could forensically be done by u

. >>> welcome to "squawk alley" for a tuesday, jon fortt, kayla tausche and myself at post 9 along with investor jason who we're going to check in with in just a moment. some moderate chop as a pilot might say, dow is down about 97 points. we're going to get to jason in a second. first morgan brennan with some breaking news. >> carl, that's right. railroad headlines for you. canadian pacific planning to abandon its proxy fight for norfolk southern according to dow jones, also mulling proxy revolutions to push norfolk into takeover talks. in other words canadian pacific considering a potential shift in strategy to push the eastern railroad to engage in these takeover talks. this, of course, comes on the heels of three rejected offers over the past few months. the most recent being in december. and it really -- it's a bit unclear about how cp's ceo hunter harrison, the street fight, the strategy is now going to shift. but again, hearing that it is going to shift according to dow jones. you take a look at the stocks right now, canadian pacific is up 1%. norfolk southern down half a percent

♪ it's been a long time since i rock 'n rolled ♪ >>> good morning, welcome to "squawk alley," kayla tauscheondon. joining us this morning, our super panel, former daily male ceo, john steinberg and indy go go co founder. first, you want to wait for apple's top lawyer in its case against the government joins us live later on this hour. don't miss it. first up, the oracle of omaha, warren buffett joining "squawk" earlier this morning, had a lot to say about a lot of stocks, namely ibm. take a listen. >> i don't think so, but it could be. i mean, we -- we've owned stocks we lost money in. and sometimes when stocks go down, we're wrong and we sell them. and sometimes we think we're right and we buy more. and sometimes it turns out we are. a stock going down is a good thing, unless the company itself is losing value. and sometimes that's the case and sometimes it isn't. i don't think it's the case with ibm. but i could be wrong. >> all right. so we've talked about this a couple times this morning, guys. but john, i'll start with you. is he looking past some of the shorter-term concerns for this

i'm wilfred frost joined today by kayla tausche. good morning to you. >> good morning. >> among the stories front and center today, g-20 finance ministers gathering for a summit in shanghai this weekend. among the headlines out of the meetings, so far the head of china's central bank promises his country won't stage another devaluation of its currency. imf chief christine lagarde is warning large capital outflows from china pose risks to the global economy. and the oecd is calling on the g-20 to produce an urgent fix for growth woes. in corporate news, apple is fighting back against the u.s. government in a legal brief filed late yesterday. the company argues that the fbi demand it unlock an iphone belonging to the san bernardino shooters violates the constitution. >>> let's get a check on global markets this morning, which have been in the green throughout the morning. take a look at where u.s. equities stand at this moment. we have been in positive territory. although, it is a thinly traded market, it is a closely watched one. the

i'm andrew ross sorkin with joe kernen and kayla tausche.nd futures are pointing down. dow looks like it would open off of 18 points. s&p 500 off a little as well as would the nasdaq. by the way not nearly as bad as it was just about a half hour ago when things were looking worse. oil prices, wti crude trading at 30.24. >>> apple is expected to invoke protection of free speech in its encryption battle with the federal government. the tech firm was given an extra three days to respond after being ordered to help the fbi unlock the iphone of one of the san bernardino killers. facebook and twitter are the latest silicon valley backing apple's position. we'll have more on this. >>> china's top security regulator is stepping down according to the "wall street journal". how do you say this guy's name? he'll be replaced by the chairman of the agricultural bank of china, a series of policy missteps under his regime have gotten the blame for the selloff in the chinese stock market over the past six months. >>> and investors pulled 5.7 billion from u.

i'm joe kernen along with andrew ross sorkin and kayla tausche. dow, 7 on the s&p, up 26 on the nasdaq this morning. oil is part of the reason for the firmness in the equity markets over the past three or four sessions. oil back to 31.45 up 2.5 or 78 cents for wti. up above 35 now on brent. >>> let's tell you about some other headlines this morning. >> we're just looking for walmart earnings which were supposed to have just hit. why don't you go ahead. >> we'll look at that in just second. let's tell you about some other thing taking place not those earnings from the nation's biggest retailer. a couple of other headlines i want to talk about. >> we are getting walmart right now. the nation's biggest retailer adjusted 149 per share that beats estimates of 1.46. shares are dropping in pre-market trading. store sales were up by .6%. still positive for the sixth quarter now running. revenue was below analysts estimates, strong dollar continuing to impact revenue. retailer says it expects sales growth to be relatively flat compared to the previous esti

in the meantime, scott woman ner and kayla tausche are holding down the fort in new york. >> good morning to you guys. it is earlier on the west coast, but we're holding down the fort. japan's nikkei reopening after yesterday's public holiday and it plunged. 4.8%. it closed at its lowest level since october 2014. the index is down in seven of the last eight sessions. that is coming as the yen has been rising against the dollar and it comes after yesterday's big sell-off in the u.s. this year's lowses have erased nearly $1.8 trillion in value for investors just on that index. the s&p is down 10.5% since the first trading day of 2016. but u.s. equity futures are rebounding this morning. part of that is because of firmer oil market. take a look at what crude is doing. it is bouncing back today following late afternoon comments by an opec energy minister from the united arab emirates that sparked hopes of a coordinated production cut. and though we've heard this story before and haven't gotten anything out of it, the markets are interpreting that as a positive. wti he crude currently up nearl

kayla tausche explains. we've got smartphones, smart homes and smart watches - now your atm is getting smarter, too. jp morgan chase - the country's largest bank - is overhauling its 18,000 atm's... and soon you won't need a card to use them. at the "e-atm" - launching later this year - it won't matter if you left your wallet at home. just log into the chase app, find the 7- digit code, and type it into any chase atm in your vicinity. it's one of hundreds of features brainstormed at the bank's innovation center in columbus, ohio. some ideas - like a fingerprint scanner - got left on the cutting room floor but others are being put into like, the ability to withdraw three times more money - and in more denominations. customers can now take out up to 3- thousand dollars in one dollar bills if they'd like. by the end of next year, they'll be able to pay their mortgage and credit card bills standing at one of these machines, too. "we do all this because our customers are asking for this. they want to be able to b

jon fortt and kayla tausche at post nine. and

for monday, joining us as always, john fortt, kayla tausche and myself. watching the selloff.s us. good to have you this morning. >> thanks. >> markets had a difficult time from the get-go this morning. nasdaq down. s&p down to 1843, the lowest since january 20th. where if you recall, we had that intraday low of 1812. and they were

i'm kayla tausche.er wild day for stocks but you couldn't tell it from the dow right now, which is up only 17 points. but global bank fears continue to weigh on this market. it happened earlier this morning but we are on the komtback trail and oil was dropping as the international energy agency warned the demand for oil will ease considerably this year. >> no investor wants to make a move ahead of tomorrow when janet yellen will be testifying on capitol hill about whether the market turmoil could

i'm kayla tausche. another wild day for stocks but you couldn't tell it from the dow right now, which is up only 17 points. but global bank fears continue to weigh on this market. it happened earlier this morning but we are on the komtback trail and oil was dropping as the international energy agency warned the demand for oil will ease considerably this year. >> no investor wants to make a move ahead of tomorrow when janet yellen will be testifying on capitol hill about whether the market turmoil could influence her decision on rate hikes. just cut the number of hikes his first is expecting to three from four. he'll join us exclusively to discuss coming up and wells fargo cfo said they are working with an assumption of zero to one. >> the fed funds futures right now are saying maybe we don't get one until february of next year. even then, that's 25% that they are betting on. crazy. >> meantime, media crush viacom stock sinking on the back of weak earnings this morning. we're about an hour away from disn

kayla tausche is here to make sense of it. >> the filing overnight seemed to take the market by surprisey were interpreting it as an overly optimistic strategic move by visa when it stated visa's intention to convert the investment from private liquid class b shares to class a, letting visa sell shares when the lockup expires in mid may. the problem is the a class of publicly traded shares is very small. while visa stake is only 1% of squares total outstanding shares, it appears much larger as a percentage of class a. i'm told visa has not added to the stake since 2011 and filed the filing this week because the deadline to disclois is tuesday. others who hold class b shares could make similar disclosures in the next few days. what would dorsey think about one day being owned by a payment processor? i asked him that very question on ipo day. >> we have a lot of power in our independence. as you said, we can really be a platform that is ago nos tick to devices and networks. that's important because our sellers shouldn't have to care what comes across the counter and how they are buyers are

jon najarian and kayla tausche. does it for us today.nother down day in the market, well off the lows is all we can say. "fast money" begins right now. >>> live from the nasdaq market site overlocking new york city's times square. i'm legal is a lee. tonight on "fast" the man who called the august swoon, jpmorgan's head of quantitative strategies is here with a bigger call about high-growth tech stocks and it's nod good and citigroup says we're in the midst of a, quote, death spiral, and nothing we can do about it. the man who pen that had report is here to tell us what has him worried. the commodities king dennis gartman says something has changed about the

kayla tausche joins us and has a lot more what to expect. >> reporter: jamie dimon is kick off the daynow. this is the day where the bank lays out in great detail what its strategy is for the coming year. specifically we're getting some new material information on its energy exposure. the bank has $19 billion in high yield energy exposure and half of that has already been drawn down or borrowed or spend sponsorship that's a number that the investment community is very interested in. they said because of the weakness in oil and gas and in commodities they are going to need to take another $600 million thereabouts in rereceives to cover bad loans in the first quarter of this year and that means they would have a total of $1.6 billion for reserves for energy and commodities and need another $1.5 billion additional savings if oil stays at $25 a barrel for 18 months. zooming out to look at their total business the bank says it will cut $2.5 billion in total spend ps. some will come from businesses it's exiting. they will close another 150 branches. they will see some legal costs fall. but t

kayla. >> >> anything is better than tausche, frankly. >> it is a little tricky, sort of the audi auto things. >> that does it for "closing bell." "fast money" begins now. >>> "fast money" does start right now. live from the nasdaq market site overlooking new york city's times square i'm melissa tonight not sure where to put your money, host trade of the year and a top technician says it's about to get even hotter. we'll tell what you it is and we'll look at the live shot of d.c. and new york where protesters are expected to gather shortly in support of apple's battle against the fbi. we're on the ground with a special report and later can you guess what company is the best performing fast carpal stock in the spp 5 up, here's a hint. e. coli. investors are chiaoing down, but perhaps at their peril, but, first, we start off with another volatile day in the markets. the dow selling off to the tune of almost 200 points. with the move it's now back in correction territory. the s&p 500 giving up all of yesterday's gains and the culprit, a familiar one, crude having its worst day in two weeks, fall

kayla. >> >> anything is better than tausche, frankly. >> it is a little tricky, sort of the audi auto things>> that does it for "closing bell." "fast money" begins now. >>> "fast money" does start right now. live from the nasdaq market site overlooking new york city's times square i'm melissa tonight not sure where to put your money, host trade of the year and a top technician says it's about to get even hotter. we'll tell what you it is and we'll look at the live shot of d.c. and new york where protesters are expected to gather shortly in support of apple's battle against the fbi. we're on the ground with a special report and later can you guess what company is the best performing fast carpal stock i