Ellen he first fixed nissan, and now at Mitsubishi Motors , where they have had the scandal over emissions, he has been brought in to help. It is all because nissan has is going to want to invest in Mitsubishi Motors. David what makes him so good at doing this . He does it time and time again . Carol the picture that you have with him, he looks like wolverine. Ellen he does. I bet you he will like the picture. In france, they called him le cost killer. Something like that. He knows how to cut costs, how to make Auto Companies working together share platforms, etc. And he just knows how to do it for less. David looking at Venture Capital, a lot of circles here. No surprise the internet is a subject of a lot of Venture Capital investment. What else can we take away from this graphic . Ellen my favorite part is it looked at the recipients of Venture Capital and where they went to school. The most prevalent was dropping out of school. So you have a lot of entrepreneurs who are taking the a
Yes. You guys talk about mr. Fixit in the auto industry. Now, he has to fix mitsubishi. He first fixed nissan, and now mitsubishi with fixing their admission standards correctly. Emissions standards. He has been brought in to try to help fix that. It is all because nissan has invested in mitsubishi motors. David what makes him so good at doing this he does it time and time again . Carol the picture that you have with him, he looks like wolverine. Ellen he does. I bet you he will like the picture. In france, they called him le cost killer. He knows how to cut costs, how to make auto industries, Auto Companies working together share platforms, etc. He knows how to do it for less. David looking at Venture Capital, a lot of circles here. No surprise the internet is a subject of a lot of Venture Capital investment. What else can we take away from this graphic . Ellen my favorite part is it looked at the recipients of Venture Capital and where they went to school. The most prevalent was drop
Volatile day yesterday on good volume. Energy retreating as opec cuts its demand forecast. Yum brands problems continue in china. Cutting their profit outlook for the second time this year. Costco out with earnings, beating estimates. Stocks up more than 20 this year. Looking to add to those gains today. Oil prices sliding again this morning, close to some new multiyear lows. Opec cutting its demand forecast to below 29 Million Barrels a day, more than a million less than the cartel is currently producing. Its actually a 12year low, guys, on demand. Goldman out today saying the tax cut that consumers are getting, not 75 billion like they thought. Now after that opec meeting, its going to be 125 billion. Well, look, its remarkable for 317 million americans. There are Many Companies that when we get to 50 then become different in that theyre not as positive because theres some companies that rely on fuel conservation as a major business. They will not you will not want to conserve fuel a
Today alone. Brace yourself for more serious weather. Mudslides possible on the west coast. Rain and snow in the east. Lets go down to sue at the new york stock exchange. And you know we have another triple digit down day for Dow Jones Industrial. Part of that is linked to the drop in oil. Art cashin saying not only the Energy Stocks under pressure but that has spilled over to financial stocks. They are worried about the high yield debt that some banks own concerning energy. Right now the Dow Jones Industrial average off 103 points. The nasdaq is off 31. And the rus russell 2000 is off almost a third of a percent. Followed closely by the dow. Oil tanking hitting new lows of the trading session down almost 4 on wti and thats 3. 5 on brent. Bob pisani joins me on the floor of the new york stock exchange. Just the under pinnings of the market dont feel good today. Look at chevron. 50 of the 150 points in the down side. That is exxon and chevron. There are dozens of new lows in the Energy
Oil shock ripple effects. The impact of equities and currencies and a closer look at stocks that are keeping the dow from hitting 18,000. Is it time to turn on the taps and lift the u. S. Export ban on crude . Well talk to a top dog on Global Commerce. And a shocking reversal on two Insider Trading convictions. The ruling that could change the rules for wall street as the second hour of squawk box begins right now. Welcome back to squawk box on cnbc. Im joe kernen along with becky quick. Andrew ross sorkin is at the dealbook conference. Hell join us in the next hour and well hear from jack lew speaking at the conference. Among the other power players attending, gm ceo mary barra, actress and entrepreneur jessica alba, a. Mex ceo. Well bring you those interviewing throughout the day. Acquired a 5. 1 stake in staples. The hedge fund has also boosted its holdings in office depot. Its move to call for a merger of these two companies. Economic data on the calendar today will get claims. The