Good afternoon. We have the best reporters in the business tackling this massive news day for you. Bob pisani is live at the new york stock exchange. Eamon javers is standing by on capitol hill. Lets start with john harwood live outside of trump tower. John . The president elect, donald trump, had his first News Conference in months since july, actually. And he addressed a wide range of controversies that have been dogging him over the last several weeks. Lets start with a bit of policy news. You heard about the or you eluded to the farmna npharma ne. On obamacare, he wants a virtually simultaneous replace and repeal process, so that within even the same hour or the same day or couple of days that they would offer an obamacare replacement plan to a company, the repeal process. He said he would announce a new Supreme Court justice, his choice for that position within two weeks of his inauguration. So, that is something to watch. The most interesting things he discussed were, first of al
Announcer this is nightly Business Report with Tyler Mathisen and sue herera. Black and blue. Ibms revenue has declined for 20 straight quarters, pressuring the stock after hours and potentially impacting trading tomorrow. Deal breaker. Why the Insurance Industry could find itself at the center of the next budget battle in washington. Odds of an audit. What are the chances uncle sam will come after you . Those stories and more tonight on nightly Business Report for tuesday, april 18th. Good evening, everyone, im sue herera. Tyler mathisen is off tonight. Lousy earnings reports drove stocks lower today. Well have more on that in just a moment. But we begin with Quarterly Results from do w component ibm. Hurt by weak demand in its Technology Services business. Ibm earned 2. 38 a share, three cents better than estimates, thanks to gains in its Cloud Services business. Revenue missed estimates and was down nearly 3 from a year ago. Investors were not happy. Sending shares down initially in
Activist investor Nelson Phelps is taking his to the next helpful. Out now with news this morning that the founder has sent a letter to the company, to calling for or dupont, rather, dow chemical, dupont, calling for a breakup of the country. If this story sounds familiar, hes been working since back in july of last year that we first reported that he bought a big stake in the company. He says that this is an excessive Holding Company cost. He estimates 2 billion to 4 billion of excess corporate costs. He says the district businesses are overwhelmingly complex. How big is his stake in the company again . 3 . Hes probably the largest shareholder. For us, it would be a big stake. For you, its like 2 billion or something, 1. 8 billion. It would be a big stake. For me, not for you. But both, you know, dow, dupont, theyve been its too slow . Theyve been doing a lot of stuff. I didnt get it from anyone. I got it. You got a cold . I do. Both kids i know, i know. Dust mites. I dont know what c
RK Capital Management LLC decreased its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC – Free Report) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 252,900 shares of the company’s stock after selling 7,300 shares during the period. Enerpac […]
Chesapeake Capital Corp IL purchased a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,400 shares of the company’s stock, valued at approximately $790,000. Several other hedge funds and other […]