Whether it could lead to the next blockbuster drug for amgen coming up. First, though, lets get to the latest fed speak and retail earnings with steve leaseman. Courtney reagan is monitoring that walmart earnings blowout. Steve, kick things off for us here. President bill dudley in a press conference earlier today following up on those sprys minutes yesterday suggesting a rate hike is possible and even likely in june or july if the economy cooperates as expected. Now, day after the minutes dudley said pretty much the same thing. He suggested that his base case is for a kind of for improvement that would warrant a hike. If im convinced that my forecast, my own forecast, is sort of untrack then i think a tightening in the summer, the june july time frame is a reasonable expectation so its a question of whether the economy is sort of cooperating and performing in line with my personal expectations. He did say the british referendum on brexit is something the fed is watching. Thats eight d
Saudi arabia shattered all hopes that could bolster prices when he said point blank theyre just not going to happen. Oil prices had risen recently but they reverse course today settling down about 4. 5 . The downward pool on oil pushed down stocks. The Dow Jones Industrial average fell to 16,431. The nasdaq dropped 67 and the s p 500 was off 24. Bryan sullivan has more on the comments from the man who runs saudi arabias oil business. Reporter the good news, dont anticipate gasoline prices to move higher any time soon. Thats because oil is likely to stay allowlower for longer. A crowd was told today in houston that a coordinated Production Cut was not likely. Not many countries are going to deliver even if they say they will cut production. They will not deliver. Theres no sense in wasting our time seeking Production Cuts. They will not happen. Reporter that comment made hed moved the market as disappointed traders sent oil prices lower. Oil prices had moved up a bit on the talk that op
Oil prices lower today. Saudi arabia shattered all hopes that could bolster prices when he said point blank theyre just not going to happen. Oil prices had risen recently but they reverse course today settling down about 4. 5 . The downward pool on oil pushed down stocks. The Dow Jones Industrial average fell to 16,431. The nasdaq dropped 67 and the s p 500 was off 24. Bryan sullivan has more on the comments from the man who runs saudi arabias oil business. Reporter the good news, dont anticipate gasoline prices to move higher any time soon. Thats because oil is likely to stay allowlower for longer. A crowd was told today in houston that a coordinated Production Cut was not likely. Not many countries are going to deliver even if they say they will cut production. They will not deliver. Theres no sense in wasting our time seeking Production Cuts. They will not happen. Reporter that comment made hed moved the market as disappointed traders sent oil prices lower. Oil prices had moved up a
Oil prices lower today. Saudi arabia shattered all hopes that could bolster prices when he said point blank theyre just not going to happen. Oil prices had risen recently but they reverse course today settling down about 4. 5 . The downward pool on oil pushed down stocks. The Dow Jones Industrial average fell to 16,431. The nasdaq dropped 67 and the s p 500 was off 24. Bryan sullivan has more on the comments from the man who runs saudi arabias oil business. Reporter the good news, dont anticipate gasoline prices to move higher any time soon. Thats because oil is likely to stay allowlower for longer. A crowd was told today in houston that a coordinated Production Cut was not likely. Not many countries are going to deliver even if they say they will cut production. They will not deliver. Theres no sense in wasting our time seeking Production Cuts. They will not happen. Reporter that comment made hed moved the market as disappointed traders sent oil prices lower. Oil prices had moved up a
Luxottica. And both sides of the pond battling low wage growth and pressure to rate hikes. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Very nice to see you all today here on this wednesday. Lets take a look at some of the key movements on the european market. Carlsberg has warned that 2014 will be even worse by its key russian market. They expect low to mid Single Digits falling operating profits and says it may shop some brewery necessary eastern europe. Heineken, meanwhile, huge disparity. 10 chang in the performance. Heineken reported better than expected profit in the first half of the year citing progress with its cost saving program. This is the worlds number three brewer. But i did say it was not immune to headwinds from russia. Groups and volumes increased in all regions except central and eastern europe. Mining sector, bmp billiton, failing to get some money back. That was why the shares declined to get better. In the black af