Conocopillps acquiring contra resources. The largest deal this year and well have conoco ceo join us this hour. The 737 max or comeback european r regulators saying it is safe to fly and planning a december return to service. Carl jim, heard you just talking to becky about stimulus as we continue to kick this around it does not sound like this new sense of urgency, quote unquote, will do much to push the package forward. We are too close to the election and either side gives then the other side. I think has them so, lets say the president gives a little bit more than i think that Speaker Pelosi will make it even tougher because the president wants to get that check to you to the least amount of money donald j. Trump wanted. I know that is something that a lot of people, wow, the president gave it to me. I think what we should be owning and trading and buying are companies that are about to go through an Earnings Period that i think is going to be rocky but overall positive and i think
Hackett was brought in, he was a board member, previously he had done a great job at steel case the Office Furniture company in michigan and when he came in and he said, look, we are going to transform ford, get it ready for the future for Autonomous Vehicles, for electric vehicles. That hasnt happened ford has been mired in really not being making the move that its needed to make since 2017 they are starting to change that a little bit some of that because of the moves that jim farley has made as coo, he becomes the ceo effective october 1st and the marching orders are pretty clear. Transform this company, get ready for a future with electric vehicles, Autonomous Vehicles at some point, not immediately, but at some point, but, guys, this is the most interesting stat that i can find. If you go back over the last, what, 20 years, 19 years, only one ceo at ford, alan malaly posted a positive gain in ford shares there you see hacketts performance since may of 2017, down 38 , similar to fi
Sterling in just a few minutes. And of course, the u. K. As well, where weve seen quite a volatile quite a lot of volatility. A little more than we expect it for labor turnover, 7. 2 6 7. 26on billiard million. Now for the extrusive interview. Kathleen i want to welcome our bloomberg audience for this interview with Robert Kaplan, president of the Federal Reserve bank of dallas. It is a windy, rainy day. Clyde you could make it over here. Interesting because you made it clear you are a voter next year. Lets put that on the table. Youve made it clear you are one of the 13 fomc members. You must be one of the dots that sees no rate cuts, no rate hikes unless something happens in 2020. What has to happen . Robert there has to be a Material Change in the outlook, either for better or worse. Ive already got baked into my outlook, we are going to have weak manufacturing next year, sluggish growth, pretty sluggish Business Investment, but with a strong consumer. There would have to be some Ma
Of protestive months in hong kong put the country and financial recession. Shery u. S. Futures unchanged at the moment after we had the s p 500 lower by. 3 . We had industrials and materials reading declines. Of course, we had concerns over trade negotiations between china and the u. S. , not to mention the weaker than expected manufacturing number and also jobless claims rising more than expected. We did get facebook and apple rising after earnings, and that offset some of the losses we saw across the board, but it still was not enough, so we had the nasdaq falling. 1 and the dow using more than 100 points. Lets see how things are shaping up in asia. Sophie after ending the best futuresnce june, pointing lower, kiwi shares off by. 2 as we wrap up a busy week of ecodata and earnings. Alibaba is to report later today. Data from china and korea will likely signal further economic weakness. A survey of chinese pmi in inober might see a pullback october. Were also going to get a bunch of p
With the ceo bob iger. Joins us with the latest julia. Melissa, thats right dips disney beat revenue and earnings driven by success at the parks and studio the big news is about disneys big bet on streaming with disney plus launching tuesday bob iger announcing in the interview that they have a Distribution Agreement with amazon and lg pmt iger also announcing a new plan to bolster hulu with fx. For the first time fx will be creating original series for hulu in fact we start with four of them four of them in production now and theyll be available on hulu starting in late march were also going to enable viewers to watch fx shows on hulu soon after they have aired on fx a few hours later. Iger announcing that espn plus now has 3. 5 million subscribers, that the addition of over a million over the course of the last quarter now i asked iger if all of disneys investment in streaming threatens to cannibalize the core Media Network business. We dontbelieve what were doing is damaging the bre