June 4 - Banking stocks head for bear territory as signs of economic weakness are seen around the globe.
If you stocks would rebound after Friday's slide on weak jobs report. Guess again writes markets correspondent Andrea capital with theft today what is going on white and that's -- -- bring -- back and. There's just too many people worried about what's going on in Europe and there's no clarity. So we should expect Mikey to stay at this levels for a while until there's something going up. And me not just -- equities were also watching on they are not -- right now I've got tenure -- actually right now. Just about one point 5% to see those red arrows there across the board. You know last week we had this huge build up to the jobs for a fraction. What's. Gonna be this week we got Bernanke talking it's gonna be the key moment in the markets yeah well and a lot of people -- Are are expecting him to say something that made. Help them I can but. The main theme is going to continue -- Europe and until that is. Dealt with Bernanke will and will always be important for the market but he he has nothing to failure. And that's like the -- on the speaker he had. A hard time for Hannah and -- you know I've heard -- we also got some developments out of the case and a global bankruptcy and missing money the trustee liquidating the company issuing. The possibility for civil claims against former CEO John Corzine. That trustee office that he's prepared litigate and JPMorgan which of course is -- and a levels mean banks. Now if there unable to reach a settlement with in sixty days he would -- -- -- so he's also in negotiations with CN decrypt her cover 175 million. And the report revealed an investigation into the actions of -- in the in the week leading up to and a global collapse so by the trustee says the bank has cooperative with investigate you can see in mixed bag there. For those stocks today I -- hot sacks in the second Chesapeake Energy because -- been a huge. Reuters story last couple of weeks and exclusive. And it got some news here and stopped -- -- Yet just because -- who replaced four of its directors in the board we are going to be placed there by the major shareholders and won by. That a billionaire investor -- I can. And Carl Icahn sees a lot of value in this company he's trying to talk to people about it that today we have 2.5 percent investors seem like get. Yeah well it's been down four last five weeks so you can find some. From some people buying that stock and the weakness. -- and in this whole shake up either Clinton is losing the chairman. Title so obviously a little bit of power shift there at the top as well remain aboard. So exiting completely except that a little bit change. Wanna talk about eight stuck it's the shares or opt. Nearly 3%. Right now and you -- Wouldn't a little -- found 657 it seems like Pittsnogle every day. Some people see it as OK it's getting to place we can buy it. Because there's Bernstein today for temple they started with them under performed at a price for the 25 S attorney. I've we're still what almost two dollars twenty yeah but. Seeing how it's it's been meaning you can see that -- -- me. -- -- -- -- -- that -- away from its primary went public at 38. It's an interesting news velocity journal is reporting that the site considering maybe bringing in the -- thirteen. Crowd I was reading that that they they're trying to work. Some technology to to to target that audience tonight an ordinance -- Yes exactly how that -- let me get your parents have print that you played games and obviously pay for that. I -- it kept us thank you so much for talking us trading again thank you I'm John Rogers. Reports.