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Then earlier. So this is a trend we have been seeing as we get into august here. You see the nasdaq down. 5 . As it be at the lows of the session as well as the dow falls by 58 points today. I want to get to the highlights of what has been moving today. Oil has been on the list. Oil prices are plunging after we got the weekly inventory numbers showing an unexpected build in inventories. Ago, 41. 53. Down by nearly 3 . Putting pressure on energy stocks. In terms of earnings numbers we have gotten, tale of two retailers between ralph lauren and kors. Kors Beat Estimates but did not raises forecast. That is causing some concern. Ralph lauren beating with its numbers and stoking hopes of a turnaround taking hold under the new ceo. We are watching yelp as well. Often and sales beating strength of ade revenue and a number of different analysts at places like Raymond James are raisin ....
Well xblor. A weaker than expected report on manufacturing out this morning. Will this change the feds mind about the strength of the economy . Steve liesman joins us now. Were looking at a contraction here. In the Manufacturing Sector. The belief is that fed will look through this week, at least for a while in manufacturing. The reason is because it seems the result of a crash in the oil and gas industry, a strong dollar and weak overseas growth all risks the fed knew before the report. The numbers were coming in at 48. 6, a level that is contraction in manufacturing. You need 43 for it to be a contraction in the economy. It is the lowest level since 09. New orders, production is declining. Back logs in exports remain at low levels. Heres some comments from respondents that they made public. One says the down turn in china and european markets are negatively effecting our business. Another says the strong dollar is slowing ....
The driver seat heads for a collision. This is Market Makers. It is a wednesday in new york city. I am Erik Schatzker. Will be with us. She is on her way down to the New York Stock Exchange this morning. We will begin with a big shakeup in the sports and media industry. William morris and silver lake are buying img. You could call it the jewel in the crown. Lets mix it up. Lets start with ari emanuel. Img he coceo of excuse me, wme. What did he say . If you thought he was a big deal before, he is an even bigger deal today. He is very confident. Ari has brought together two agencies in the past. He has taken on a bigger fish by buying William Morris back in 2009. He feels very confident about his ability to combine these very people centered businesses. The i ....
Cibc World Markets Corp increased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE – Free Report) by 147.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 317,248 shares of the financial services provider’s stock after buying an additional 188,926 shares during the quarter. […] ....
Capital World Investors increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE – Free Report) by 35.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,643,762 shares of the financial services provider’s stock after purchasing an additional 2,530,119 shares during the period. […] ....