Streets pull back as oil prices slideand tax plan jitters target targets holiday forecast, Brian Cornell joins us exclusively. The General Electric slide, continuing to sink premarket now down more than 43 this year stocks are poised to open lower after the dow and s p posted a third negative session in the past four, concerns about slowing growth in china, weighing on Commodity Prices and crude under pressure after the International Energy agency lowers its Oil Demand Forecast jim, weve got the same jitters about high yield and then of course inflation has run hot for a couple of days. I come back and look at the bureau of labor statistics number that came out real average Hourly Earnings for all employees decreased. 1 . So i think theres a lot of faux worries here china has been okay the whole time, remains okay these wage numbers tell me were okay and oil went up on turbulence and middle east problems and goes down incredibly wrong i think were churning what matters is we keep impor
Slowed. Nat dak off by 1. 5 . Last week, a pretty good week for the markets, dow was up by 66 points for the week. Nasdaq was up by 1. 4 . If you look overnight in asia, nikkei, 0. 4 . And kospi up 0. 34 . Markets in Mainland China were closed. The european equities, the dax is off. Off by 0. 4 . Market is flat in france and london as well. A couple other big stories were watching today. Weve got a lot. On the economic calendar, the ism. Auto sales. Tomorrow, factory orders and the paychecks Small Business jobs index comes out. Wednesday, the adp employment record, ism Services Reports and fed minutes. Thursday, weekly jobless claims, friday, wholesale trade numbers and march jobs report. There are a few names of earnings this week, monsanto, walgreens, boots alliance, young china, beth, bath and beyond and constellation. And on the wall street journal, trio of fed officials speaking today. Bill dudley holds a press briefly at 10 30. Philly president Patrick Harker speaking about finte
Announcer this is nightly Business Report with Tyler Mathisen and sue herera. Black and blue. Ibms revenue has declined for 20 straight quarters, pressuring the stock after hours and potentially impacting trading tomorrow. Deal breaker. Why the Insurance Industry could find itself at the center of the next budget battle in washington. Odds of an audit. What are the chances uncle sam will come after you . Those stories and more tonight on nightly Business Report for tuesday, april 18th. Good evening, everyone, im sue herera. Tyler mathisen is off tonight. Lousy earnings reports drove stocks lower today. Well have more on that in just a moment. But we begin with Quarterly Results from do w component ibm. Hurt by weak demand in its Technology Services business. Ibm earned 2. 38 a share, three cents better than estimates, thanks to gains in its Cloud Services business. Revenue missed estimates and was down nearly 3 from a year ago. Investors were not happy. Sending shares down initially in
Informants so close to enemmys such as, say, Vladimir Putin. Announcer this is cnn breaking news. Welcome to the lead. Im jake tapper. And we start in the politics lead. The president firing his National Security adviser john bolton. The two have a long, welldocumented history of disagreeing on matters up to today when the two had different takes on how bolton ended up on the wrong side of the white house fence. The president tweeting in part, quote, i informed john bolton last night that his sfrss are no longer needed at the white house. I disagreed strongly with many of his suggestions. According to john boltons tweet which came 12 minutes later, quote, i offered to resign last night and President Trump said lets talk about it tomorrow. The news came just before a White House Briefing that boltan was scheduled to attend. Secretary of state mike pompeo and Steve Mnuchin who both reportedly clashed with bolton behind the scenes were notably all smiles at this briefing. A source close t