October has been a great month for meals. One of the most interesting is being called a partnership between ge and baker hughes. We have details and insight into why shares are lower on the day. Look at that down more than 7 . Both are lowered with the dow down 20 points. The latest developments on the new clinton email investigation. After the bell we are joined by libertarian Vice President ial candidate bill weld to talk about the impact on the election. Shares of tesla and solar city. We have a closer look at why investors do not seem to like this announcement again. A lot of skepticism about the proposed merger between the companies. A big announcement tomorrow, as well. On this merger. We have more details. Lets begin with how this month is finishing up. Nice costume today. I try to keep the colors coordinated. This is supposed to be a big volatile month. Markets to the down side. S p down about 1. 7 for the month. Worst monthly showing since going back to january. The russell 20
Financial position of our company it is a noncash event. Janet yellen says theres a live possibility of a december rate hike as the french bank has offset volatility around central bank policy. Based on the monetary policies regarding the fed, ecb i remain overall positive for 2016 in particular for the europe and equity asset class and especially if, as we think, we see a further improvement of the economy. British oil and gas Services Firm amec loses a fifth of its value after slashing its dividend and increasing its cost cutting. Good to have you with us today. Lets kick off the program on break news on Monetary Policy since we have been listening in closely to janet yellen and her testimony on capitol hill yesterday. Norway which surprised holding steady. So the norwegian Central Banks and key policy rate is unchanged or holding at three quarters of 1 . Last time around they surprised the market by cutting Interest Rates. What are we looking at . Strengthening back on the back of t
Help them to see your glorious image in humanity and search for opportunities to empower those on lifes margins. Lord, inspire them to trust the unfolding of your loving providence, so that they will not become weary in doing what is right. May they live with such integrity that your purposes will be accomplished on earth, remind us all that it is in giving that we receive. And through dying to self we are born to eternal life. We pray in your great name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to the flag. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Mcconnell madam president . The presiding officer the republican leader is recognized. Mr. Mcconnell there are a lot of reasons to like the broad Bipartisan Energy bill which is before us. Youll like it if youre an american interested in producing more energy. Youl
Here. Let me show you oil, wti crude, for a time this rally occurred even though the price of oil was sharply lower, as you see there, until near the close. And look at that turned right around and became positive again. Article carbon reminding us all day that to keep an eye on wti crude because its still calling the shots in this market now. That is an important point, we continue to debate those areas, as Oil Continues to fall or not. Retail names to focus on as well. Get to where we stand with the markets, an hour to go near the highs of the session, dow up 319 points, about 1. 8 exactly the same as the s p is at the moment of 37. The nasdaq adding 88 points a little pit outperformer today but only pie a little bit. Nevertheless, some pressure across the internet name there is, bill. Get to our Closing Bell Exchange for this thursday. We have got cnpc contributeor Heather Hughes with us. Hi there. Jim lowell from adviser investment. Joe hider from cirrus wealth manmanment with us m
Action. It is encouraging. It shows that the program is credible but its obviously too early to tell. And what mattered for us was inflation. Saudi Arabias King Abdullah dies at age 90 following weeks of hospitalization for pneumonia. Hes immediately replaced by his brother sending oil shares higher. Telefonica is in talks with hutchison for 15 billion. Telefonica confirms its in talk with hutchison to sell its business for more than 15 billion and its payday for lloyd blankfein. He will join the crew on squawk box later this morning. You wont want to miss it. Manufacturing and purchasing managing index for major European Countries have been coming out today. We heard from germany. January pmi falling below 51. 7. Composite pui 52. 2. They cut it at the fastest rate in years. Not as bright as initially expected. The euro zone economy began in better shape than expected but firms were forced to slash prices. Thats a day after they announced the massive Bond Buying Program. The euro is d