Are piling up, folks. The number unissue is trust, or should i say lack of trust in a system that never fails to let down regular folks as it bails out the establishment t doesnt patter by the way which Political Party is in power. I will break it down during the show. The wrath of a. I. Is only the beginning. We see jobs and businesses overnight in the crosshairs and maybe humankind. Is it too late to ring fence this threat or is it much ado about nothing . I have an allstar roster of folks to help handicap the feds decision tomorrow. It means everything for your port he will. Economic house from main street, jay powell never hears from my takeaway. That and so much more on making money. Charles all right. So todays session is a reflection of fear, anger and disgust, right . Fear, the economy is a lot weaker than anyone in the fed circles will admit like jay powell. Therefore it means that probably will get a whole lot more tenuous. Fear about the banking scare. Maybe it is not over,
Be near. Well give you the latest reporting on that potential deal between the studios and the writers. And the fed is Holding Rates Steady, signaling it will keep rates higher for longer. Deal of the day, cisco agreeing to acquire splunk. Both companies cite what they call complementary capabilities in a. I. And security. Splunks gary steele is going to be part of ciscos executive leadership team, reporting to chair and Ceo Chuck Robbins and both gentlemen are going to join us exclusively at 9 15 this morning in about 15 minutes, jim. I think this is terrific, and i will tell you why. What cisco tried to do for a long time is have a lot of recurring revenue, and splunk is nothing but recurring revenue. Cisco has tried to be a major factor in cybersecurity. We know its incredibly important. Splunk will give them the opportunity. They had a Smaller Division that does cybersecurity. Its not been that much of a winner, frankly. In the meantime, gary steele has taken the company, and david
Provided to qatar during the financial crisis. Heineken margins will grow less than its target as the secondlargest brewer integrates its brazilian business. We speak with the cfo during this program. Matt we are less than a halfhour away from the european open. Take a look at where futures are trading. We were up across the board on friday and u. S. Trading up across the board. In asia, well, not across the board, i should say that. You dont see any trading in japan, but we do see european futures carrying on that global trend of a rebound in this case, futures. We are indicated to open up in the european cash trade stocks, as well. Take a look at bunds. The treasurys trade is on hold for japanese trading. We are indicated to see again in treasury yields. Here you see a threeday chart of bunds and the yields have spiked up. We are looking at 78 basis points right now, a gain of four basis points for german bunds. Expect to see treasury yields move up, as well. What does that mean for
They are supposed to supports to unveil in two days. From the bluest bluechip of all. The october jobs report. On what may affect your money the most. While they might be feeling to launch at this hour. We have her i trained. Take a look live at the Kennedy Space station in florida. Where elon mosques baby a backup video the falcon nine rocket is expected to fly off in 33 minutes. We will bring it to you life. The special counsel in the russian probe. As i begin he will be on home detention. Indicted on 12 counts. Aside from his associates a Third Campaign advisor has already pled guilty. The 4o1k is in depth in jeopardy. The ceo of party cities will unmask the hottest costumes. This is a big one after months of negotiations it is abandoning its efforts to merge sprint with rival t mobile. Both stocks are moving down. This is the closest they have gotten to actually pairing up to merge with another big telecom. They reportedly became concerned about losing control of one of their most
Alley. Im john fortt here at post 9 with michelle carusocabrera, mike santoli, carl quintanilla, and sara eisen have the morning off. General electric, meanwhile, slashing its dividend in half. The first cut since the financial crisis, and its shaking up its core business shares sliding right now down more than 4. 5 Morgan Brennan is at ges investor day in midtown manhattan and joins us now ge cutting its dividend by 50 in what is from a dollars and cents perspective the biggest reduction ever by a company excludeing the financial crisis, but the street expected that thats not why shares are falling right now. Why shares are falling, because of the guidance, so new 2018 eps forecasts, a dollar to 1. 07 per share, Free Cash Flow 6 to 7 billion, also disappointing, lower guidance and as one analyst just pointed out to me, the 6 billion in Pension Funding next year is excluded from the disappointing eps forecast meaning, the numbers may be worse than the optics are suggesting so one key d