Low. Our road map with stock futures in the red. Exxon and conocophillips moving some of those stocks. Sales force surging on the news it hired advisors to look at takeover offers. More of the apple watch dlis. A defective component to blame. Apple announcing another partnership with ibm. Well get to that in a minute. First up a lot for investors to digest on this final trading day of april. Consumer spending up 0. 4 last month. Claims down last week by 34,000 to 262,000. Thats a 15year low. Employment costs up 0. 7 . On the earnings front, exxonmobil did top estimates despite a 46 drop in First Quarter profit. Exxon revenue, i love these figures. Last year 106 billion. This quarter, 67 billion. You have to understand exxon had good production growth. People say no one got hurt buying the stock of exxon. This is why. Because exxon really hasnt done anything during this period. When oil was flying exxon did good not great. Oil goes down, exxon shows you the breadth of its products and w
Charters biggest shareholder is billionaire john malone. Charter tried last year to buy Time Warner Cable, but that offer was rejected. Once again greece is trying to resolve its differences with europe, so yet more bailout money. Talks resumed today between greece and the imf. Greece is running out of money but european lenders will not release the bailout funds unless the greeks promise reforms on labor and rules. The biggest political up saint a decade. Polish bond yields rose after andres bruno was elected president. He also said said vice chairman sally fisher says the central bank is playing a waiting game when it comes to Interest Rates. Says of the fed raises rates too quickly, it will be difficult if the fed if the economy does not take off. We have another phrase. Our processes are not date determined, they are data determined. Wait and see what happens. We do not have to announce we are going to do it in september. If the economy is growing slowly, we will wait. Vonnie Stanl
I bring the gift of the name your price tool to help you find a price that fits your budget. Uhoh. The name your price tool. Shes not to be trusted. Kill her. Flo it will save you money the name your price tool isnt witchcraft and i didnt turn your daughter into a rooster. She just looks like that. Burn the witch the name your price tool a dangerously progressive idea. Live, from the cbs bay area studios, this is kpix5 news. A massive raid on vietnamese businesses tonight in the south bay. Operation omni called san joses largest ever crack down on illegal gambling. Devin fehely is in san jose where it is all going down. Reporter San Jose Police and the fbi say the common denominator on all of the businesses raided was illegal gambling. Something they say that opened a pandoras box of other criminal activity. Our cameras were there as fbi agents carted several Gaming Machines out of the cafe in east san jose. They targeted illegal gambling. Fbi agents who participated in the raid were t
Live, from the cbs bay area studios, this is kpix5 news. A massive raid on vietnamese businesses tonight in the south bay. Operation omni called san joses largest ever crack down on illegal gambling. Devin fehely is in san jose where it is all going down. Reporter San Jose Police and the fbi say the common denominator on all of the businesses raided was illegal gambling. Something they say that opened a pandoras box of other criminal activity. Our cameras were there as fbi agents carted several Gaming Machines out of the cafe in east san jose. They targeted illegal gambling. Fbi agents who participated in the raid were typically tight lipped. The only thing i can confirm at this time is we are serving multiple search warrants in the area. Reporter they seized 85 to 100 machines in the location. Illegal gambling has made this a hot bed of prostitution, drugs, and violence. Several customers and employees were detained at each location, but we have no word of any arrest made tonight. It
We know a lot more people are purchasing their items with plastic. That helps greg that helps the south. They get paid a little bit every time, so when they get back plastic swipe. The forwardlooking encouraging for investors. That is interesting was Time Warner Cable because on the metrics, everything looks great. Earnings per share beating analysts estimates. Plenty of cash being generated by Time Warner Cable, people like their dividend stocks right now. The question here is why did the companys Subscriber Base start falling . This is something were seeing quite a bit from Time Warner Cable. It is not the most loves company. A lot of customers complaining about the service, yet these eddie cash flow has attracted the catch the interest of Charter Communications. We talk about things that might be happening with netflix and so on and people not really using stable Cable Services for all the channels that they can see. I wonder if we are starting to see this with Time Warner Cable . Y