Good thursday morning. We again this morning with a round up of this normornings biggest shares report. Southwest saw rising cost for fuel we talked about this the last hour it puts a lot of pressure, especially on our competitors because they toents hadont havw cost structure we have they are a lot more exposed to increased Prices Energy prices are up 20 over the last several months. That could translate into to more capacity restraint. Meanwhile dow components caterpillar 3m helping to lift the dow. You know the cap quarter in and out. Some of these bag locklogs are rising faster than they can make the machines with General Electric we have seen better than we expected the the caterpillar call is starting right,0 now 3m was much better than expected is that profit taking a surprise why do you take properties now with expensing, full expensing now on the hoe rrizon . Such a good question. Stocks are up. Traders saying the valuation is getting a stretch here well have to see what comes
Concerns about growth in china weighing on investors after one report that apple had been replaced by xiaomi as the smartphone maker. It points to a lingering concern is that market share in china one of the most important markets is gn to the down side, not the up side. If you want to look at apples reaction to china, theres a couple of conflicting data points you have to consider. In the Conference Call tim cook said equity markets have recently been volatile this could create speed bumps in the near term. Then he said about the stock market, this worry is probably overstated. So were not changing anything, we have the pedal to the metal. Lpe penetration in china is only 20 . People are getting phones that can handle faster internet speeds, the middle class is growing. But at the same time hes saying in the short term maybe it does show up somehow in the numbers. Were still growing fast. Are we in a period where we dont know what the holiday is going to look like for these guys . We
Seat back seat rally where all the wrong stuff the minerals the oil complex, led the market beautifully . With the dow climbing 369 points, the biggest twoday gain since december, 2008. S p pole vaulting. Nasdaq rocketing 2. 5 . Arent we supposed to want to roll costs down and down and down some more . Not up huge as they were today . I know its tough to explain how oil is spiking, almost 10 the biggest oneday move in six years. It will be a positive. Today it was certainly hailed by investors as a big one. Lets go there, though. Because its what happened today and it was a very important day because it was a stress reliever. A stress reliever, for many of the biggest investors of capital all around the globe. Let me set the scene up for you. The proximate cause of the nasty selloff we traveled through the weakness in chosen, it was exacerbated into belief until yesterday that the fed seemed unaware and how frail the worlds economy had come. But yesterdays comments from new york fed pr
And its Rate Decision day in the uk today will we see a split in the vote to raise rates after a week of strong inflation data and falling unemployment numbers . What will it mean for rates . And from fishmonger to anti establishment media mogul well be speaking to the man behind the register website about hisjourney, and how he competes with the likes of facebook and google. And as the bank of england issues its new £10 note with jane austen on the back, we want to know, is cash still king for you . Do you still use cash . Let us know just use the hashtag bbcbizlive. A p pa re ntly apparently we have to give that £10 note note back, so no coffee on sally later. Exactly ten years ago today the bbc broke the news that high Street Lender Northern Rock had been forced to ask the bank of england for help. What happened next was an Early Warning that the Global Financial crisis was in meltdown. Those events prompted major changes in the Financial Services industry, but some say the subseq
A delayed tax bill gop leadership in the white house putting off an announcement on tax reform as wrangling over how to pay for it continues. And tech is back on capitol hill for their role in the 2016 election and russias role we want to bring you up to speed on yesterdays deadly terror attack. Contessa brewer is in Lower Manhattan for us reporter good morning. Investigators are looking to see whether the suspected attacker had scouted this area in particular ahead of time or was he familiar with it because he was an uber driver Sayfullo Saipov left a note inside that rented home depot truck proclaiming isis lives forever in arabic. It was a home depot truck that he rented in new jersey. Investigators found at least one knife in the truck Law Enforcement believe saipov acted alone mowing down cyclists and pedestrians for 20 blocks. Its a very popular park path. And it ended, this attack, with a crash into a school bus very close to the World Trade Center near an elite Public High Scho