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June 21, 2024
Retail sales and import export prices. Also worth watching today, november Consumer Sentiment and business inventories. Andrew, over to you. Corporate news this morning, Oil Field Services provider baker hughes confirming its now in talks with rival halliburton. This after the wall street journal reported on negotiations between the two. A merger would create a want korth 67 billion or possibly more. This years drop in Energy Prices has hurt and sent stock prices in the nasdaq much lower. Indust...
June 21, 2024
Course of grants Interest Rate observer, noted fed critic with his take on what the fed is hinting at these days and sounding the alarm on the petrabras scandal. Hes coming right up. Also a closer look at the red hot commercial Real Estate Market here in this country and whether its already becoming too hot. Leading towards a dangerous bubble. That could and might sound familiar wreck havoc on the economy if it pops. Investment of china, russia and now canada. A special report of where things st...
June 21, 2024
Kingdom phone hacking scandal. The u. S. Justice department has decided not to prosecute either company after the u. K. s own investigation into the phone hacking and payments to Public Officials concluded. It may be the end of the road for radioshack. The company is in discussions to lease half of its stores to sprint and close the remainder. Radioshack would cease to exist as a standalone retailer after nearly a century in business. People familiar with the matter say this is not a done deal, ...
June 21, 2024
And the french government says it is honorable and they should get on to growth. Weve been having manufacturing pmi data out this morning from the likes of france, germany and italy all disappointing. 4 4 it was forecast at 50. 8 and its come in at 50. 6. So a little less than was expected. 50. 6 is that number. A fourmonth low with the manufacturing number and as far as the french numbers, too. Indeed. And that is contrasting to ireland. Slightly lower than the number did come in at 53. 8 marki...
June 21, 2024
Will not face charges in the United States over the United Kingdom phone hacking scandal. The u. S. Justice department has decided not to prosecute either company after the u. K. s own investigation into the phone hacking and payments to Public Officials concluded. It may be the end of the road for radioshack. The company is in discussions to lease half of its stores to sprint and close the remainder. Radioshack would cease to exist as a standalone retailer after nearly a century in business. Pe...
June 21, 2024
Regulating the internet as you till fifment he writes im submitting to my colleagues the strongest open internet protections ever proposed by the f. C. C. It will ban paid prioritizeation and it will bright line rules be ban paid prioritizeation of mobile broad band. Not a lot of big surprising news, but i must say that i think it is a disappointing move. It is largely an overblown response into a narrow question of what sort of Legal Authority that at the need to police the open internet. I am ...
June 21, 2024
Yesterday. Oil Services Provider cut in half today down more than 50 . And the implications of why this stock is tanking may be much bigger than just this company. Right . Thats for sure bill. You can read about the man camps that they have built. The big activist investors, the fact they have wanted to be a reit and didnt happen. Perhaps a tax inversion candidate. That didnt happen. Touches on themes of 2014. Most notably, the drop in oil. Coming up another twist in the sony hacking saga. Now, ...
June 21, 2024
We begin with the markets looking to burn through more records. Plenty of fuel after Third Quarter Economic Growth gets revised higher. Results came in shy of the missed performance. Asia hurt by slowdown. The night of protests in ferguson, missouri, after a grand jury decided not to indict Police Officer Darren Wilson. Economic growth was greater in the Third Quarter than the government originally thought. Gdp up 3. compared with 3. 5 . Latest results suggesting upwards revision of business and...
June 21, 2024
Morning. Five banks have been hit with major fines. Kayla tousche joins us on set with some of the details. This is the settlement weve been speccing for weeks, for months. An 18month investigation by authorities in the uk as well as the uk as well as switzerland have announced a joint settlement with five banks, urging them to pay more than 3 billion to settle charges of key Foreign Exchange rates in the 4 00 hour is when most of the activity, according to the press releases, happened. Its goin...
June 21, 2024
Straight weeks for all the stat keepers back at hq. Crude oil plummeting on opecs decision to stand pat on output quotas. Oil stocks taking a hit on that news. We saw a low of 67 on wti. Brent well alove that back to 73. You can see airlines, the reverse story. Very positive moves there given thats one of their key cost inputs. It is coming down. Our road map starts with black friday. Stores and online. Well have live reports from across the country this morning with retails winners and losers. ...