Thanks, simon. We begin this hour with trading troubles in the market. The three big areas were focusing on macro, fundamental and technical, and dominic chu will lay out the bull and bear case for each. Dom . Theres strong and theres a lot of them on both sides of the equation. Sure. Lets talk about the macro Bigger Picture scale first. First of all, you have at least whats perceived to be some economic strength or resiliency. Maybe not robust growth. Still, in the eurozone and the u. S. , yes, i know the eurozone is stepied at best and may be slipping back to recession but its holding in there and the u. S. Holding it better than most economies out there. Thats kind of the bullish case if you want to see it that way. Take a look at china though. Slowing growth there. Growing faster than any of us out here, but, still, that slowing growth may be a huge case for the downside of chinas economic woes really deepen as the market it your miles condition. Lets take a look at whats happening
Steady, moderate losses in europe this morning. And Consumer Spending rises to the fastest in three months. Road map begins with ge confirming the deal to combine oil and gas business with baker hughes to create a new entity. Well speak with the ceos in an exclusive interview. Weve got a deal in the telecommunications industry. Centurylink to buy level3, totals a new record month for u. S. M a announcements. And the latest controversy over Hillary Clintons emails as the polls tighten just eight days ahead of the election. Well get you all the market impact. First up in that deal to create what both Companies Call a new baker hughes, ge will contribute 7. 4 billion to fund a 17. 50 per share special dividend for baker hughes shareholders. Ge will own about 62. 5 of the combined company. As we said, next hour an exclusive with jeff immelt, chairman and ceo of ge, and the ceo of germanwin oil and gas, i craighead. You said it would be the ultimate buy high, sell low. Thats not the case he
Is ukrainian Prime Minister tightening his stance on those who shut down the malaysian airline. He said they would be held accountable. Justicell bring to everyone responsible including the country which is behind the scenes. We go to Ryan Chilcote with more. The missilesaid that brought down the jet was supplied by russia. What increased rhetoric are you hearing . Basically, the u. S. Over the the separatists in the east of the country of a coverup. They said they have intelligence reports of this Missile System being brought into the east of the country. They have evidence of it just after that attack took place on brought out of east ukraine and back into russia. Correctly accusing russia of providing the weaponry in helping the separatists get the weapon out of the area. And we are just inkiev heard about increased fighting in the Eastern Ukraine. Our business is functioning and how is life on the ground . Kiev, it feels like it is a million miles away from the conflict. The Busine
Driven by playstation 4 and xbox one titles. Consuls were down 32 . Go pro shares down big today, losing more than 12 today. This was after apple was granted a patent for a remotecontrolled camera system, leading some to believe apple will create a go pro competitor. The Patent Application specifically mentions go pro and hd camera that is resistant to damage. Susceptible to damage. Last nights National College championship game was the mostwatched Cable Program ever. More than 33 Million People watched ohio state beat oregon. It earned espn ratings of 31 . Up 31 from last years title game. Now after the hacking of sony home depot, target, jpmorgan you name it present obama is sick of it. He is renewing his Cyber Security law. The long stalled bill would encourage companies to share information with the government. In exchange, they would be shielded from liability. Here he is speaking in arlington, virginia. At the national Cyber Security integration center. Our financial systems, pow
Rose 5. 8 in the Fourth Quarter am a driven by playstation 4 and xbox one titles. Go pro shares down big today, losing more than 12 today. This was after apple was granted a patent for a remotecontrolled camera system, leading some to believe apple will create a go pro competitor. The Patent Application specifically mentions go pro and hd camera that is resistant to damage. Last night from National College championship game was the mostwatched Cable Program ever. More than 33 Million People watched ohio state beat oregon. It earned espn ratings of 31 . Now after the hacking of sony home depot, target, jpmorgan, you name it present obama is sick of it. He is renewing his Cyber Security law. The long stalled bill would require companies to share information with the government. In exchange, they would be shielded from liability. Here he is speaking in arlington, virginia. Our financial systems, power grids, pipelines fuel systems run on networks connected to the internet. This is a matte