Demands for National Recall. Good afternoon, are we headed for a showdown at this point . It certainly seems like were are headed for a showdown between the government and this japanese auto parts maker. Today we had an interview with the ceo of takata, and he again apologized for the injuries related to the exploding airbags and said the company would go even further in their commitment to public safety, but he stopped short in committing to initiating of the National Recall that was directly requested by the National Trot affect National Traffic highway and safety administration, putting his company and the government on a collision course, of sorts. They did spell out the steps of their taking, including hiring one not one but three former secretaries of separate secretaries of transportation, overseeing an independent audit of the entire airbags situation. They will be outside counselors to the company, providing advice, committing to further ramping up production of replacement ai
Dow having a pretty good day. Its the Big Industrial names that would be more impacted by an economic slowdown of any sort of magnitude. Intel is holding up today ahead of the earnings. Chips killed lately. Those are the next best performers out of the dow today. I would suggest thats much more important than a chevron which is towards the low end sliding on oil. United health is a Big Hedge Fund trade and maybe selling there. Cocacola, staple. Home depot is a bad performer today and downgraded. Jpmorgan off the earnings. You raise the point and one the need talk about with the group coming up here but to what extent is pressure on the hedge funds writ large responsible for some of the market declines we have been seeing . I looked this morning and you saw even in the face of an up market that a lot of the most Popular Hedge Fund names were down and suggested they were selling the name and when the overall market bounced they got a bounce, too. Remember yesterday things looked decent a
Winter can mean for the commodity that keeps us warm natural gas. All that and tonight on nightly Business Report for wednesday, november 12. The u. S the two largest economies and superpowers are often at odds on a variety of issues but at this weeks apec summit in beijing, president obama and chinas president xi jinping were toasting some break through deals they hailed as historic. They announced deals to, tend short term visas to china and american citizens, to elimin tas on hightech goods and just today an agreement on a climate concern with a plan to limit future cemissions in both countries. So does this signal a new er ch asserts itself on the global stage in order t john harwood has more. Reporter president obamas trip to asia made clear hes with his priorities anyway. He announced a new agreement with xi jinping that would accet economies in curbing Carbon Emissions. We have a responsibility to thatthe global effort against we can announce an historic agreement. I commend pre
Winter can mean for the commodity that keeps us warm natural gas. All that and tonight on nightly Business Report for wednesday, november 12. The u. S the two largest economies and superpowers are often at odds on a variety of issues but at this weeks apec summit in beijing, president obama and chinas president xi jinping were toasting some break through deals they hailed as historic. They announced deals to, tend short term visas to china and american citizens, to elimin tas on hightech goods and just today an agreement on a climate concern with a plan to limit future cemissions in both countries. So does this signal a new er ch asserts itself on the global stage in order t john harwood has more. Reporter president obamas trip to asia made clear hes with his priorities anyway. He announced a new agreement with xi jinping that would accet economies in curbing Carbon Emissions. We have a responsibility to thatthe global effort against we can announce an historic agreement. I commend pre
Winter can mean for the commodity that keeps us warm natural gas. All that and tonight on nightly Business Report for wednesday, november 12. The u. S the two largest economies and superpowers are often at odds on a variety of issues but at this weeks apec summit in beijing, president obama and chinas president xi jinping were toasting some break through deals they hailed as historic. They announced deals to, tend short term visas to china and american citizens, to elimin tas on hightech goods and just today an agreement on a climate concern with a plan to limit future cemissions in both countries. So does this signal a new er ch asserts itself on the global stage in order t john harwood has more. Reporter president obamas trip to asia made clear hes with his priorities anyway. He announced a new agreement with xi jinping that would accet economies in curbing Carbon Emissions. We have a responsibility to thatthe global effort against we can announce an historic agreement. I commend pre