To talk about demand as you said in your report, demand, the pace has weakened in july and august. In september we saw the impact of the hurricanes. Was it off a oneoff effect . Is this something to worry about longer term . I think the focus should shift to the fact that in the Second Quarter of this year we had exceptionally Strong Demand growth year on year. That was partly due to the fact that the year before demand was relatively weak. What we need to say is over the year as a whole in 2017, despite the quarterly variations you mentioned, demand growth is robust it will be 1. 6 Million Barrels a day in 2017 versus 2016, which is strong. In the report weve reconfirmed our forecast for 2018 where we see demand going up again by 1. 4 Million Barrels a day. In 17 and 18 we have good demand growth, spread fairly evenly around the world. Just two days ago we heard saudi arabia was cutting its exports. Thats in part because of some refinery maintenance happening in china ahead of the Peo
Results that came in significantly below expectations. Sabmiller rejects inbevs takeover offer saying the 42. 15 number is still below what they want. First up, yum brands will take a hit in the premarket. The home of kfc, pizza hut and taco bell missed with Third Quarter results. Greg creed says the pace of recovery in yums China Division is below expectations. In q3, we were looking for a 9. 6 number. They used the words unexpected headwinds, despite everything we know about what is going on there. Lets understand i know david tweeted what does this say about china growth. I say what does this mean about execution . Nike is selling a lot of shoes there. Starbucks has had a fantastic run. Apple is selling well. Samsung, verification of that. Samsungs business strong with apple. This is inexplicable. I think people are tired of it people are tired of the breakup story, the sum of the parts, when will it happen . You dont break a company up when the business is bad, because we just get
Police say two suspects sped off in a car from the scene. Theyre still looking for them. Sacramentos deputy chief just released new details within the last ten minutes. Its a very unfortunate altercation between two groups of folks who were enjoying the night life in midtown sacramento. This incident is not related to terrorism in any way. And we do not believe in any way we know its not related to what occurred in france. Officers say alcohol likely played a role in the attack. Youll remember stone and his two childhood friends from the sacramento area were credited with taking down a suspected terrorist on that european train. Our own Jodi Hernandez is headed to sacramento. Shell have more on this developing story tonight at 5 00 and 6 00. Just in to our newsroom, a stunning move for a majority leader kevin mccarthy. He is withdrawing his candidacy for speaker of the house. This is mccarthy explaining his decision within the last hour or so. The Central Valley congressman told collea
Storage company Pure Storage Inc. is set to price its initial public offering at $17 a share, at the midpoint of its normal extent, as per individuals acquainted with the deal. At that price, the deal, which would raise $425 million by selling 25 million shares, values the company at $3.1 billion. Pure Storage had planned to offer 25 million shares at $16 to $18 each, as indicated by administrative filings. Starting late Tuesday, the estimating was not settled could in any case change pending a second ago exchanges, the general population acquainted with the deal said. On the off…