From eastern ukraine. President poroshenko brokered a ceasefire that allowed the voting to take place. Ukraine has been battling prorussian rebels for seven months now. Most european banks that failed the e. C. B. Stress test have already been let off for good behavior. 25 banks were found with a capital shortfall. Of those, only eight lenders havent plugged their capital gap, either that or satisfy the e. C. B. With plans to get smaller. This is the deputy general. He talked about the impact on italian banks. I think that the exercise has shown the italian bank system is in good health, is strong. We need further work. Italian banks seem to have the biggest problems. 32 billion capital shortfall, only 8 billion remains. Half of it is in italy. And jeanclaude trichet, former e. C. B. President , will join us at 7 00 a. M. This morning on Bloomberg Television. New york and new jersey are coming under fire for new policies on ebola. New york says that travelers coming from west africa wh
Upg upgrades well break down the streets key number first, new numbers from the fed around inflation hey, steve yeah, carl, good morning. Not very good news from the new York Fed Survey of Consumer Expectations with inflation rising across the board for all tenors let me give you a chart, the oneyear up 5. 9 is the expec tase for inflation in one year. Thats up a half a point after declining for several months in a row. The three year up. 02 Inflation Expectations surge for gas prices and food. In fact, the oneyear outlook really mirrors the rise in gas prices over time unemployment expectations hitting the highest level since april 2020 however, expected growth and Household Income also was up to 4. 3 thats the highest on record for this survey and the Spending Outlook also grew by one percentage point to 7 back to you. Steve, thanks for that. We need to start with the amazon news today, moving higher in the last few minutes in the wake of the New York Times story, which just broke, r
Short those names in the Holiday Season . Broad market is lower despite the gdp number. Well get the view. Bombshell ticktock in the New York Times. Futures off the lows after the release of the final preliminary hearing gdp report from before the president ial election. Data showing the economy grew 2 in the Third Quarter. Thats above expectations and up from 1. 3 we saw in q2. Numbers were boosted by Consumer Spending and defense and a big part of this, well see today whether were still in an environment where people question data clearly gdp is more hard to manipulate than the jobs number. I thought the same. As soon as numbers came out, i said the people who do not like obama will say this was padded by five more planes sold. This one was padded by an error that will be reversed or california counted twice. Were in a weird mode. Whatever it said, if its positive, its a lie. Im not buying that. These are good numbers. Reverse the market. Its for real. Good or just not bad . Not bad.
Were talking washington, dull will you explain, atlanta and chicago ohair. The editor who led the Washington Post through watergate passed away. Ben bradley s was 3. He was turning the postpone into a nationally respected paper when the postpone watergate stories earned a put letser prize and led to the resignation of president nixon. Posting thirdquarter sales that beatest mats and in a Conference Call Marissa Mayer said she is focused on maximizing value and will take a look acquisitions. We will continue to seek opportunities here and we will be smart about it. Marissa mayer seemed to to be sending a mess taj star board capital. It called for a breakup of yahoo and asked that the company quit making acquisitions. And daniel lobe is now targeting amgen. Therr calling for a breakup and lobe wants amgen split into one company with older drugs and one with new prospects. And carl icahn has nice things to say about a corporate sparring partner and pushing tim cook to boost a Share Buybac
Watching apple. Again. The stock has not closed above 500 a share since january. It has a real shot today. Take a look. It is the why the stock that is surging that has our attention. Carl icahns tweet yesterday has so far netted him about 70 billion on his apple investment. So should we expect more of the highly publicized social media announcements . Is that good or fair for the free market . 70 billion, bill he bought a ton of apple, and is making a lot of money right now on that. Also, awaiting another briefing on the air tragedy involving the u. P. S. Cargo plane outside of birmingham, alabama, crashed first thing this morning. Sadly, both crew members died in that accident. And now were awaiting news on why it happened. Well have the very latest on that. Phil is monitoring that for us, coming up in a few minutes here. A tough story there. Lets look at the market as we approach the final hour. As the bell sounds in about an hour. The dow is down 105 point, just shy really of the l