Only up a point. The 10year yield at 51 basis points. Jersey talking about a range of 40 and 80 for the next two months. Now that we have broken through 54, he says that was an important level. Ralph lauren, one of the stories of the day. That stock down 6. 25 . Argentina has reached an agreement in principle with a key group of creditors to restructure 65 billion worth of debt, after a third default this century, the ninth overall. Robert koenigsberger, cio of gramercy funds, who had a seat at the table, joins us now. Headlines crossing about half an hour ago saying there was an agreement in principle. Few to us about the last hours, couple of days, how it all materialized. Robert good afternoon and thank you for having me. April, itoke last in seemed like an agreement would be too difficult, that the two sides were too far apart and with hardened positions. Over the past couple of months, obviously, past couple of days, those positions became less hardened, and logic prevailed. Winwi
It is the cold air that is associated with that giving us winter storm warnings. 35 hundred feet but above lake level there will be some snow with a higher ratio. Usually it is a 1 to 10 but there is colder air so this could be more of a powder than cement. 50s for the temperatures with a few upper 40s, not much changing just a little south wind so everything is turning in the direction of the front and it is a cold front. Most of the systems have been mild but that will be swinging through tomorrow with the cold unstable air which could bring hail and other unstable air. Today rain will develop. 7 what we have on the roads . The usual slowing. We have had a smattering of fender bender accidents but nothing too serious. Mostly slow traffic with Poor Visibility in some areas. 40 minutes for the drive on 80 westbound from the carquinez bridge to the macarthur maze and when you get to the macarthur maze add on another 20 two weight through this at the toll plaza. This is typical but you c
Decade as corporate profits rise and experts say the impact is showing up in a critical area of the economy. That and more tonight on nightly Business Report for thursday, august 22nd. If you wanted to buy sales of apple, google, intel, microsoft or any other stock listed on the nasdaq you couldnt. The reason, for more than three hours trading was halted because of a major computer glitch. It raised new questions about the safety of electronic trading and the impact on investor and Business Confidence in u. S. Markets. This is the latest in a series of technical snatches that have paralyzed the market like the botched offer of facebook last year and the slash crack of the New York Stock Exchange in 2010. Bertha comb joins us with me. What an extraordinary day. Reporter quite an extra orpd narcoticry day and a lot of folks are saying thank goodness it happened on a quiet thursday in august. Essentially, if you look at the days chart for the nasdaq composite, it essentially flat lined fo
Day in two years. Is the companys turn around strategy in trouble . And the american worker, wages have been slashed for a decade as corporate profits rise and experts say the impact is showing up in a critical area of the economy. That and more tonight on nightly Business Report for thursday, august 22nd. If you wanted to buy sales of apple, google, intel, microsoft or any other stock listed on the nasdaq you couldnt. The reason, for more than three hours trading was halted because of a major computer glitch. It raised new questions about the safety of electronic trading and the impact on investor and Business Confidence in u. S. Markets. This is the latest in a series of technical snatches that have paralyzed the market like the botched offer of facebook last year and the slash crack of the New York Stock Exchange in 2010. Bertha comb joins us with me. What an extraordinary day. Reporter quite an extra orpd narcoticry day and a lot of folks are saying thank goodness it happened on a
The Worlds Largest maker of personal computers has the worst day in two years. Is the companys turn around strategy in trouble . And the american worker, wages have been slashed for a decade as corporate profits rise and experts say the impact is showing up in a critical area of the economy. That and more tonight on nightly Business Report for thursday, august 22nd. If you wanted to buy sales of apple, google, intel, microsoft or any other stock listed on the nasdaq you couldnt. The reason, for more than three hours trading was halted because of a major computer glitch. It raised new questions about the safety of electronic trading and the impact on investor and Business Confidence in u. S. Markets. This is the latest in a series of technical snatches that have paralyzed the market like the botched offer of facebook last year and the slash crack of the New York Stock Exchange in 2010. Bertha comb joins us with me. What an extraordinary day. Reporter quite an extra orpd narcoticry day a