One of thet disrupters. Yahoo has agreed to sell its core business to verizon for nearly 5 billion. For yahoo , it not only ends a drawn out auction process, but caps ceo Marissa Mayers four year turn around effort. For verizon, it extending the companys digital reach to make it a bigger rival to google and facebook. Shares of both verizon and yahoo find the day lower. Julia has more on the deal and whats likely to happen next. Telecom giant, verizoa a hoo. Verizon hoping to combine data from sma aol and yahoo s ad statements to create an ad giant to rival google and b facebook. Theyve modernized the product line and weve gone mobile. Weve invented new forms of advertising. Weve driven towards the prog m guying, the buying push we see happening from advertisers and our user base has grown by. Verizon with its aol acquisition a owned coy tools and bring data about them, which enables more accurate targeting of a broader audience. Flat form. Yahoo , which is a content platform and verizo
Those stories and more tonight for nightly Business Report, on wednesday, august 17th. Good evening, everyone, and welcome. A house divided. That is the unmistakable conclusion to be drawn from todays release of the minutes of the latest meeting of Federal Reserve policy makers last month. Several members of the Interest Rate setting open Market Committee felt an urgent need to raise rates soon. Others said, not so fast. Lets wait for more data, especially on inflation, which remains below the feds target. But investors, of course, dont have the luxury of waiting. Hampton pearson reports tonight from washington on the fed and the mixed reporter when Monetary Policy makers met in late june, job growth had rebounded and market tuberculos, following the june 23rd vote by Great Britain to leave the european union, had subsided. So janet yellin and her fellow Monetary Policy makers concluded, quote, another interest in the fed funds rate was or would soon be warranted. But there was no cons
Those stories and more tonight for nightly Business Report, on wednesday, august 17th. Good evening, everyone, and welcome. A house divided. That is the unmistakable conclusion to be drawn from todays release of the minutes of the latest meeting of Federal Reserve policy makers last month. Several members of the Interest Rate setting open Market Committee felt an urgent need to raise rates soon. Others said, not so fast. Lets wait for more data, especially on inflation, which remains below the feds target. But investors, of course, dont have the luxury of waiting. Hampton pearson reports tonight from washington on the fed and the mixed reporter when Monetary Policy makers met in late june, job growth had rebounded and market tuberculos, following the june 23rd vote by Great Britain to leave the european union, had subsided. So janet yellin and her fellow Monetary Policy makers concluded, quote, another interest in the fed funds rate was or would soon be warranted. But there was no cons
For nightly Business Report, on wednesday, august 17th. Good evening, everyone, and welcome. A house divided. That is the unmistakable conclusion to be drawn from todays release of the minutes of the latest meeting of Federal Reserve policy makers last month. Several members of the Interest Rate setting open Market Committee felt an urgent need to raise rates soon. Others said, not so fast. Lets wait for more data, especially on inflation, which remains below the feds target. But investors, of course, dont have the luxury of waiting. Hampton pearson reports tonight from washington on the fed and the mixed reporter when Monetary Policy makers met in late june, job growth had rebounded and market tuberculos, following the june 23rd vote by Great Britain to leave the european union, had subsided. So janet yellin and her fellow Monetary Policy makers concluded, quote, another interest in the fed funds rate was or would soon be warranted. But there was no consensus on timing. And a split on
Hold on enclosed negative once again. Scarlet i want to run through leaders and laggards here. You can see the gains were not big by any stretch of the imagination up. 5 . Iotech did better it tracks the sector up 2. 5 . Energy was one centered declining as oil prices decline. Ne name i want to highlight it has fallen or gained 2 . The anecdotal on the iphone seven has an positive. Sprint says they received four ands as many new iphones later today, verizon came to say its orders have basically come in within the normal range where aboutlects lets talk bond market because that is the center of the action. The story has been that back up in rates lately. Down toear yield back 1. 7. Lets look at the bond index yield. Yields are clearly on the rise. This captures all the bonds. You can see the rise in yields, extraordinarily low. At the endup there that arguably caused so much of the volatility we are seeing in markets. I want to show another chart. The five and 30 spread, this is interes