The Traderszone Network

Compensation for top executives rose 26 percent at these banks as reported earnings increased 2.6 percent on average on a per-share basis, KBW said, adding that the pay rise was consistent with the increase in profits. Top executives in the banking sector are beginning to reap the reward for steering their firms in the aftermath of the financial crisis and putting them back on the path to profitability. In the most recent quarter, five of the six top Wall Street banks reported record earnings even though most of it was due to cost cutting and lower legal expenses.

Obama sells “Clean power plan” to the public

Apple leads the tumble
When the bell-weather tech stock is down, it will have an impact. Apple is trading below the 200 day MA now at the 118.50 level (the 200 day MA is at 120.87).  This will be the first close below the 200 day MA since September 2003. 

It wasn’t the news — it was the news about the views about what might become the news.

President Obama unveiled his plan to tackle climate change by reducing greenhouse gas emissions.

Ironically on the day when another coal company collapses into bankruptcy, President Obama begins the pitch for his “Clean Power Plan” which Murray Energy CEO Robert Murray described as “biazrre”, blames for the collapse in the coal industry, and has now filed five federal lawsuits against the president who Murray believes is “the nation’s greatest destroyer.”

Live Feed.. (due to speak at 1415ET)

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Here are two numbers that underlie investors’ recent concerns with Prospect Capital.