Due months chairman and ceo is stepping down after six years in the post and five months after winning that proxy battle against an activist investor. Freeport trimming its board and reviewing Strategic Alternatives for its oil and gas businesses. Pepsico lasting its full year outlook. First up, futures indicated near the flat line a day after the s p saw a fivesession winning streak. All the s p sectors finished monday in the green led by industrials, up almost 3 . Jim, from fridays low, the dow is up 762 points. This is a market where a lot of people were caught leaning the wrong way before this rally, carl icahn, very noted investor, sounded an alarm. I think people were short betting that the number would be strong on friday, and we would have this calamity that didnt develop. At the same time peoplecloses ye negative news out of china, and glencore was able go up large. Took a breather, now the earnings start. It used to be alcoa. Today its pepsico. And if you start with pepsico a
Across the globe continued to digest the Federal Reserves rate hike and tried to figure out what this new rising rate environment may mean for businesses and consumers. The Dow Jones Industrial average sank 367 points to 17,128, its lowest close since october. The nasdaq fell 79. The s p 500 dropped 36. A decline in crude prices didnt help the Broader Market either. Oil futures fell 22 cents to settle at 34. 73 a barrel after data revealed a climb in the number of active oil rigs for the first time in five weeks. And investors flocked to safety, sending bond Prices Higher and yields lower. For the week all of the indexes were lower. Bob pisani has more on the dramatic end to a momentous week in the markets. Reporter stocks declined again today. Whats going on . Wall streets in a funk. The basic theme is lower for longer, meaning Commodity Prices and Global Demand will stay low into 2016. Lower for longer not just in oil but natural gas and lower for longer in steel and in copper and al
Across the globe continued to digest the Federal Reserves rate hike and tried to figure out what this new rising rate environment may mean for businesses and consumers. The Dow Jones Industrial average sank 367 points to 17,128, its lowest close since october. The nasdaq fell 79. The s p 500 dropped 36. A decline in crude prices didnt help the Broader Market either. Oil futures fell 22 cents to settle at 34. 73 a barrel after data revealed a climb in the number of active oil rigs for the first time in five weeks. And investors flocked to safety, sending bond Prices Higher and yields lower. For the week all of the indexes were lower. Bob pisani has more on the dramatic end to a momentous week in the markets. Reporter stocks declined again today. Whats going on . Wall streets in a funk. The basic theme is lower for longer, meaning Commodity Prices and Global Demand will stay low into 2016. Lower for longer not just in oil but natural gas and lower for longer in steel and in copper and al
Across the globe continued to digest the Federal Reserves rate hike and tried to figure out what this new rising rate environment may mean for businesses and consumers. The Dow Jones Industrial average sank 367 points to 17,128, its lowest close since october. The nasdaq fell 79. The s p 500 dropped 36. A decline in crude prices didnt help the Broader Market either. Oil futures fell 22 cents to settle at 34. 73 a barrel after data revealed a climb in the number of active oil rigs for the first time in five weeks. And investors flocked to safety, sending bond Prices Higher and yields lower. For the week all of the indexes were lower. Bob pisani has more on the dramatic end to a momentous week in the markets. Reporter stocks declined again today. Whats going on . Wall streets in a funk. The basic theme is lower for longer, meaning Commodity Prices and Global Demand will stay low into 2016. Lower for longer not just in oil but natural gas and lower for longer in steel and in copper and al
Screeria nigeria. Discussion on the use of diplomacy in regions of conflict. The center for strategic and International Studies today looked at the priorities for congress and the white house when it comes to u. S. Policy in the Asia Pacific Region. Topics included u. S. Relations with japan and china, Upcoming Elections in burma and taiwan. This is an hour. Good morning, happy new year. Happy year of the sheep. Im mike green, Senior Vice President for asia. Thank you all for coming on what is probably the first day of work for a lot of people, including, i think, most of us. Tomorrow Congress Comes into session, and we face a new world in washington. A republican congress, democratic president and so far, on issues from immigration to cuba policy there are signs that the new congress and the white house are going to be colliding with each other, politically and over policy. What we wanted to do today and in the short report we have produced is spotlight one area where bipartisan coope