Tgif, everybody. Good evening. Im bill in for Tyler Mathisen. And im susie gharib. A record close to a record week. The s p closed at new highs against but investors returned to the big report on the job market. Now, it wasnt stellar and some analysts are calling it a goldilocks report. Less than expected jobs were added and the unemployment ticked down to 5. 8 and last two months revived higher. The big disappointment for american workers, though, wages. Average Hourly Earnings were up 3 . Hampton pearson reports that president obama made the most of the numbers. Reporter at a white house cabinet meeting, president obama said its the hard work of the American People that has driven the Unemployment Rate to the lowest level since the beginning of the recession and reduced the bestbased overall jobs growth in more than a decade. The Unemployment Rate grew again. 10. 6 million new jobs in the last 56 months and this is the strongest jobs growth that we have seen since the 1990s. Reporter
Plus telefonica should could raise funds for its rod ban unit , more than 10 billion. It has said to be coming up with its own offer. We will bring you all the details. I want to get back 12 main story, burger kings acquisition of tim hortons. Buffett will get a preferred stake in the roughly 10 billion company. It appears to be a good move for buffet and burger king but what about for shareholders . Erik schatzker joins me now. You could almost smell this happening yesterday because of the involvement of one of Warren Buffetts favorite private equity groups. The resilient billionaire who will have a 51 stake in the combined burger king and tim hortons. I was going to say conspired. Why would i say that . Our nerd last year. You are right, you could almost smell this coming. Lets talk about what it is buffett is doing. , he isn what we know now getting a 3 million preferred stake in the new company. What is that mean . They are senior to the company but junior to debt. Because of the f
Markets and futures rising ahead of todays fed decision. Cpi just out. As we said, the biggest drop for Consumer Prices in six years. Fedex is out with disappointing earnings. The stock is losing ground in the premarket. More leaked sony emails as the new York Premiere of the interview is canceled. Theaters cancel runs altogether. And an exclusive interview with the chairman and ceo of General Electric, jeffrey immelt, as General Electric wraps up its investor meeting from yesterday. All right. Futures pointing higher this morning. Oil prices falling. All ahead of the fed Statement Due out this afternoon as policymakers wrap up their twoday meeting. Joining us this morning, wells fargo Senior Adviser scott wren and eric la salle. Scott, how are you feeling . There was some general chatter yesterday that it felt a limit bottomish and hedge funds were beginning to come off the short Energy Trades and do a little more buying. What are you seeing where you are . I think, carl, it probably
Plus, a wet weekend ahead. Abc 7 news at 11 00 starts right now. Live from the abc 7 broadcast center, this is abc 7 news at 11 00, on your side. Everybody is getting ready to ring in the new year. The iconic times square celebration well under way. Everybody there getting ready for the ball to drop in just about an hour right here. That is one of several events that are happening now to usher in 2015. But one of the biggest here in our area, alexandrias first night. Jay korff is there where thousands are waiting for the big finale. Look around. With less than an hour, thousands of people. The streets are filled, the sidewalked are filled, the restaurants are packed. The bars are packed. There is even glowing light sabres out here. This all started with the kids. If there is an age group that truly appreciates a good party, it is children. This is a great time. Armed with a sippy cup and a malet. They rank in the new year in style wednesday night. This is the 20th annual first night al
Two of the attackers were killed in a shootout with police. At least to others remain at large. Gunmen were entered were dressed as soldiers as they entered the museum. Antiausterity protesters took to the streets and burned cars and threw rocks. Some of the governors had to be thrown in by helicopter. Mario draghi about the protest. The ecb has become a focal point for those frustrated with the situation. Our action has been aimed precisely a cushioning the shop suffered by the economy. As a central bank of the whole euro area, we must listen carefully to what the citizen are saying. Cory protesters are frustrated over high unemployment and a failing economy. 5. 6 million to greentree. Yesterday we reported j. P. Morgan chase was reported 45 billion. The ceo is under pressure from regulators to shrink the company. Verizon the latest company to go after corn cutters. A mobile tv service could launch as early as june. The person familiar with the top says verizon has secured streaming r