The city is home to the alberta oil stand, the thirdlargest reserve behind saudi arabia and venezuela. The Environmental Protection agency is accused of being almost 30 years late in issuing rules for the handling of wastewater from oil and gas expiration. Environmental groups are suing the agency and seeking a court order compelling the epa to adopt measures regulating the disposal. The Transportation Security Agency is adding more screeners and bomb sniffing dogs to congested airport hubs. Securityestimates of this summer. Global news 24 hours a day, powered by the 2400 journals and 150 news bureaus around the world. I am mark crumpton. Emily this is bloomberg west. I am emily change. Chang. Coming up, investors shift tesla shares in the high gear. Expectedr than loss. Two top executives leave. We will break it all down. The beats go on. At apple the tech giant changing the tune of its music with a remix of its user interface. We have a deep dive later this hour. Tivos second coming.
The left syria and 2013, all three attackers were killed, too detonated suicide vest and a third was shot by police. Congress is tightening visa requirements following terrorist attacks. It will bar people who traveled to iraq or syria the last five years. All 38 countries in the visa program rep issue passports containing biometric information. Joe biden said the donald trump wins the republican nomination he would be defeated easily by Hillary Clinton in a general election. By Vincent Clinton went in a walk but cautions his comments are not in endorsement. On these andore other stories of the new bloomberg. Com. Now over to matt miller. Matt we are getting headlines it looks like from alibaba excuse me. Im going to the terminal here to find alibaba headlines. News coming across right now. Let me just with the yahoo s ticker. Moving a little slowly at this hour of the morning. Looks like yahoo will suspend work on it alibaba plan. We basically had the story already. We are getting con
Businesses. Jason joins us from princeton. What can you tell us about the deal . Jason firstly, the name is fascinating. The name is downdupont. That is the sign of the temporary nature of it. Is dowdupont. That is the sign of the temporary nature of it. There is very little that the market did not expect versus what was originally murmured what was originally rumored. It is going to break into three bundles, in a very tax efficient way, the way folks had thought. The synergies look like we have been told as well. There is 3 billion, another billion dollars of operational cost savings they are pointing to. Timing will be the key question. This all needs to get done relatively quickly or it will start to fall apart in peoples minds. Stephanie according to the news breaking, we will see a 10 jobs cut. Put that into perspective. Jason that will be in the thousands. We have not run through it from an Employee Point of view. We hope that the benefit comes from the synergies. The focus is a
Todays battle for control and all of the issues at stake in just a few minutes. But first, we have a round up of the mornings other top stories. Joe talks about it. Oil prices falling sharply, expanding losses for a fourth session. Check this out right now. You thought this was bloody yesterday, down another 2. 6 this morning. 76. 70 for wti at this point. Saudi arabia cutting prices to the United States. The exporters battling for market share here in the Worlds Largest energy consumer, nation, also weighing on prices. Signs that opec is ready to curb outputs. Oil prices are down more than 20 from this years peak in june and, andrew, this is a huge deal because, in saudi arabia, they can produce that oem oil for about 30 a barrel. Here in the United States, if you start looking at fracking and some of these other techniques, its more complicated, its more expensive, and it costs somewhere between 6 0 and 63 on average to get some of that oil on the ground. Weve got the number of stock
Target of enrollees by 2017 will now take a little bit longer, perhaps years longer than was earlier projected. A stumble here in terms of obamacare enrollment. Thank you very much. Lets begin with alibaba. Lets take a look at the share prices and how it is fairing right now. Alibaba has been very actively traded and has had an intens rally. The e commerce giant up 70 since the listing back in september. The Company Getting ready for one of the biggest days of the year called singles day in china. Why is that so important . It is the Biggest Online shopping day in the world. Analysts expect alibaba to smash sales record on this shopping day and tomorrows holiday was created by the chinese to celebrate or lament being single but it has turned into a 24hour Online Shopping event. Last year alone alibaba took in nearly 6 billion in transactions just in that one day and that blows away the nearly 2 billion sold on cyber monday. David faber is in headquarters. Sales are piling up here in an