Marketsen futures in the red. Fallout from the Swiss Central Bank move continues with sharp moves in the oil market. Earnings from Goldman Sachs, intel. Goldmans down 2 in premarket. Favorable and selective treatment in luxembourg. Eu lays out its case. Stocks in the midst of a fivesession losing streak. Markets continuing to absorb the surprise move by the Swiss Central Bank. Oil prices on the rise after iea slashes growth forecast for nonopec oil supply by 350,000 barrel as day, adding signs are mounting the tide will turn when it comes to price recovery. Jim, seems like currency brokers will get the lions share of the attention early on. Yeah fxcm the outfit everyones talking about, david, when i was getting made up, have you looks at fxcm i steal your thunder. Yes. You move fast in 25 minutes. When you tell me to look at something, i look at it. Downgraded to underperform. Capital raise critical for solvency. A major focus. What happened with fxcm, well get into it this hour goes o
This week. Several big consumers names reporting betterthanexpected results. Find out what it means for spending ahead of the Holiday Season. Hey, were just two days away from that twitter ipo. Bet you havent heard that before. Find out why the head of nyse said not every ipo goes to the moon. And apple has tripled the number since last years launch. Tmobile posting a rise in q3 revenues as the company added more than a million customers in the period. Got to start with kors. 71 cents, beats by 3 cents, samestore sales plus 23. Not the 45s, 41s we were seeing a few quarters ago. Still, this is an amazing story. The last bit of research we had was a downgrade betting this would not be that great. Plus we added the addition to the s p. There was a lot of previous earnings, chatter about it. They have the best growth in any retail. What accounts for the success of this company from the moment its gone public, while so many others, is it execution . What is going on at this company that is
All know. This storm that made its way through the south and up the east coast this week may have been the harshest one so far. Freezing rain, snow measured in feet, not inches, and weve already gotten about a foot here in the northeast. The Economic Impact cannot be denied as hundreds of thousands are without power and about 20 of all flights in the u. S. Have been canceled this week. We will have complete Team Coverage of that coming up. Yeah, we all seem to be wearing our meteorologist hat lately. Bill, i also have to tell you, aig ceo Bob Benmosche is making it to the New York Stock Exchange today, despite the snow. Earnings for his company are due in about an hour. Well have those numbers first an exclusive reaction. Thats coming up in about an hour. And of course more on the deal of the day, the business story of the day. Comcast, our parent, moving to buy Time Warner Cable for 45 billion plus. We will hear exclusively from a man who rarely gives interview these days, former time
As for the tenyear note yield, a couple of days now after yellens testimony. Shes coming back soon, too, though, right . Tenyear note has moved up of late, 2. 743 . Lets take a look at europe. See how we performed there. As you can see, weakness there perhaps following probably some weakness here in the United States. And that is where we start with the deal that will create the Largest Cable Company by far in the u. S. Comcast the parent of Nbc Universal agreeing to acquiring Time Warner Cable for 45 billion in an allstock transaction. The deal values time warner at roughly 159 a share, before we open trading this morning. Of course. Comcast shares may be down ever so slightly. We will city. Of course, that would impact the value of the deal. The deal trumps Charter Communications recent offer which was 132. 50 a share in cash and stock and had been firmly rejected by Time Warner Cable. Charter earlier this week, of course, nominating 13 people to be on the board of directors as it be