What some on wall street are doing to train and hire our veterans. We have all that and more tonight on nightly Business Report for tuesday, november 11th. Good evening, everyone, and welcome on a quiet veterans day on wall street. The dow and s p 500 did manage to close at fresh record highs. Numbers in just a moment. Meanwhile, the days biggest Business News took place a half a world away in china. There at the apec summit in beijing, president obama found some rare Common Ground with his chinese counterpart, striking a deal to eliminate tariffs on as many as 200 Tech Products shipped between china and the u. S. Including next Generation Semiconductors made by Companies Like intel and qualcomm with tariffs as high as 25 . Mri machines made by companies such as general electric. Video game consoles, gps devices like those made by garmin and many, many more. It is a deal that some say covers a staggering 1 trillion worth of global trade and signifies Real Progress in the strained relat
Communiques. Market perceptions had they will take patient out next month in march and then they will raise rates in june. These come out whether its jpmorgan saying theyre more dovish than expected or capital e con saying this just adds to all the confusion. The signal to markets is clear, this sounds like a fed thats slightly more dovish but the shelf life may be a couple days. We hear from janet yellen on tuesday. The data in the month has generally not been that great. Well talk about that in a moment. Were keeping an eye on a story developing in Southern California. Some kind of incident at an exxonmobil refinery in torrance. Theres a fire well have the latest details on. The Energy Market reaction. Weve seen an update in gasoline prices in georgia, gasoline futures, what they call car bob futures in l. A. The price has gone up 10 to 18 cents per gallon. Well keep an eye on that because oil has had such an impact on this market today. The stock of the day though has got to be, tak
Employer in the country is making a big investment in its employees. Walmart hikes to 9 above the federal minimum wage. The Worlds Largest retailer has been under pressure from organized labor group demanding higher pay and better benefits. Reported earnings today. They topped expectations but it did cut Sales Outlook citing the stronger dollar. Investors pushed shares of walmart lower likely worried about the bottom line of worker pay initiative. It was the worst performing stock in the Dow Jones Industrial average today. Courtney reagan now with more on walmart and what was behind the companys big decision. Reporter the countrys largest private employer will spend a billion dollars to increase wages for half a million of its 1. 3 million workers. Improve its scheduling and offer new Training Programs for career advancement. Currently, only 6,000 walmart workers make federal minimum wage but starting in april, wages for walmarts u. S. Employees will be at least 9 and then at least 10
Employer in the country is making a big investment in its employees. Walmart hikes to 9 above the federal minimum wage. The Worlds Largest retailer has been under pressure from organized labor group demanding higher pay and better benefits. Reported earnings today. They topped expectations but it did cut Sales Outlook citing the stronger dollar. Investors pushed shares of walmart lower likely worried about the bottom line of worker pay initiative. It was the worst performing stock in the Dow Jones Industrial average today. Courtney reagan now with more on walmart and what was behind the companys big decision. Reporter the countrys largest private employer will spend a billion dollars to increase wages for half a million of its 1. 3 million workers. Improve its scheduling and offer new Training Programs for career advancement. Currently, only 6,000 walmart workers make federal minimum wage but starting in april, wages for walmarts u. S. Employees will be at least 9 and then at least 10
Employer in the country is making a big investment in its employees. Walmart hikes to 9 above the federal minimum wage. The Worlds Largest retailer has been under pressure from organized labor group demanding higher pay and better benefits. Reported earnings today. They topped expectations but it did cut Sales Outlook citing the stronger dollar. Investors pushed shares of walmart lower likely worried about the bottom line of worker pay initiative. It was the worst performing stock in the Dow Jones Industrial average today. Courtney reagan now with more on walmart and what was behind the companys big decision. Reporter the countrys largest private employer will spend a billion dollars to increase wages for half a million of its 1. 3 million workers. Improve its scheduling and offer new Training Programs for career advancement. Currently, only 6,000 walmart workers make federal minimum wage but starting in april, wages for walmarts u. S. Employees will be at least 9 and then at least 10