Daniel Ernst News Today

A warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Lets get to the market picture. The nasdaq up yesterday a percent, the s p just less than that the dow up a half percent. We had nine out of 11 sectors higher led by telco and energy this morning were expected to open higher, about 79, 80 points for the dow. The s p up 6 points. The nasdaq up 32 points. Tenyear treasury note yields rose again yesterday. Up to about yesterday we got up to 2. 66 today 2. 62 the trend of late has been ...

Playing at the semifinals. This was on her request for the calendar year grand slam. Only one year left to go. There was a lot of excitement last night. Much of it happened off the court. Although what happened on the court was good too. Check that out. Jimmy fallon and Justin Timberlake watching federer play. First the market news of the morning. The u. S. Equity futures. Yesterday it was a huge sell off. It was a decline of over 400 points. From the highs to the lows of the day. The dows closi...

Stories this morning. Deal news dominating this morning. Valeant ends the buyout deal for allergan. They made an unsolicited deal last spring. It looks like the soap opera could end, 210 is more than they expected. Hackman and valeant are going to share the profits that ackman has reportedly made with the stock at 40 . This is a winwin situation because of the way he structured this. But valeant shareholders effectively split the profits with ackman. With the purchase there. Thats pretty interes...

I am filling in for Erik Schatzker today. He is off today. You know why . We are breaking economic news. November existing home sales are officially out. Our economics editor, Michael Mckee, it is at his desk cranking away with the headlines. That news and we do not know why. Right now we see existing home sales fell on the month by 4. 3 . The worst performance of the year. A lot of people may attribute this, and it is a good that it is through to the fed that pushed morgan rach up Mortgage Rate...

Central bank will widen the countrys trading ban. And janet yellen says she needs a firmer handle on the data before she can blame the weather for recent weakness. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Warm welcome to the show. Plenty of moving towards surrounding ukraine. Absolutely. We just heard in the last few minutes the ukrainian Prime Minister separating out the political noise were hearing for the economy. He said theyre taking cle...

Im Erik Schatzker. Im scarlet fu in for stephanie ruhle. Airlines,al, malaysia we will try to make you forget about some of that stuff. In the meantime, newsfeed stories, and around the world. Consumer spending rose slightly in february. It again 0. 3 . Oft is the median forecast economists we polled at bloomberg. Americans are slowly shaking off the effects of the coldest winter in four years. Household spending on Services Including utilities rose 0. 2 in the month. Cbss billboard business has...

Will get 300 million from jpmorgan and the remaining will be split between the securities and Exchange Commission and the uks conduct authority. We do not know whether jpmorgan has admitted wrong doing. The firm has said there were errors in its oversight and loopholes to allow that trade to happen and get as big as it did and to cause the steepness in losses that it did. But we havent seen a formal admission of guilt to a regulator. That is expected, if it does happen, to come in the release fr...

Philly fed survey and the National Association of home builders. Friday, Housing Starts, productivity and cost and consumer sentiment. The equity picture this morning at least ahead of all that not looking too great. Dow futures 77 points below fair value. The s p is off 10. And this is coming after the dow last week was down for the first time in seven weeks, when you look at the major average for what was happening. A little bit of rockiness out there after a long, steady climb higher. In Glob...

Billion. Tripoint is backed for gary sternlicht. Andrew, good morning. Theres some synergy there, as they say in the merger business. Also, we have some corporate buzz. The New York Times reporting that u. S. Authorities have expanded the probe into jpmorgans hiring practices outside of china across the asian pacific. Theyre focusing on south korea, singapore and india. The d. O. J. Was exploring other areas. We talked a little bit about this. Jpmorgan is the one that actually went to the d. O. ...

Right now. All that and more tonight on the nightly Business Report for thursday, october 16th. Good evening, everyone, drama, it defined wall street these past few days. And tomorrow there could be more of it following disappointing lateday results from google. Well have more on that in just a moment. But first todays drama, with stocks rebounding again with early losses before mixed and little change. Some encouraging economic reports out today helped to turn things around like a 14year low an...