Look at crude, which has been dictating terms for equities lately. Relatively unchanged on wti, about 50. 18 per barrel. For brent, 51. 88, barely higher. Rbob gas edging up a bit. Well get back to the markets in a bit. Breaking overnight, the u. S. Military launching tomahawk cruise missiles against radar sites in yemen after incidents earlier in the week where a navy ship was fired on from a rebel controlled area. Now to this mornings top story, embattled wells fargo ceo john stumpf is out retiring Effective Immediately. Tim sloan taking over the top job following the highprofile scandal involving their sales practices. News came out after the market closed yesterday. Looks to be up about 1. 5 in extended hours. Notably above 46, a level we havent seen in some time. Helping. Helping. Yeah. Wilfred frost spoke with tim sloan late yesterday and asked him if stumpfs departure was a necessary condition for the company to move on. I think johns decision to retire is one that, you know, is
Floating. It was mickey and minnie mouse dressed for the holiday in traditional clothing purple rain this special tribute to prince was done by the students at the Creative Arts and performing high school. And performed his most famous hit songs. Time to think about the feast ahead. People started to line up outside of a popular bakery this morning. It was to get their thanksgiving turkey cooked. Every year people head into the kitchen where the birds are baked here at cashs famous brick oven. Everyone heads back to the bakery at 1 00 in a half hour to pick up their perfectly cooked bird to enjoy with loved ones. While the turkey is in the oven people got a jump on the shopping for this thanksgiving day. Annie mccormick joins us live from kmart in northeast philadelphia where people were out shopping on thanksgiving. Reporter hi sara, some people want to get that to bakery early and other people want to get their Holiday Shopping done early and there is a steady stream of people. All t
Like december. President elect cabinet picks with official announcements coming as early as today. One of them his new health and Human Services 9news reporter Tarhonda Thomas is in the Information Center with more. Tarhonda, the health and Human Services secretary choice could mean a big change for those using the Affordable Care act. Thats right. Because the man said to be the pick has been one of the most outpoken opponents of the Affordable Care act. Price has been calling for an end to the act ever w imemented. President elect trump promised to end socalled obamacare. Though he says hes open to keeping some of the options. Including protecting people with preexisting well just have to wait to see what price does after . . . Y Republican Leaders on capitol hill say theyre ready to state. Theres no word on when the president elect could make his final decision on secretary of state. An insider says trump has narrowed it down a man who was supposed to protect students at one high sch
And you know, there really is an opportunity either around automobiles or Something Else that will create a next big thing, maybe not for a few years but i dont think at this point with a 2. 5 yield it makes any difference. The stock is up 3. 5 , the 13 filings are usually lagging indicators because the actions took place during the quarter. But you have icahn getting out, tepper getting out, berkshire getting in and we just got news that leon cooperman is getting in. Exactly. The buyers now, i think roger basically isolated the thesis here. Its not anybody who is claiming to have a great fundamental edge on exactly how many units are going to be sold or exactly what the trajectory of the next year or two will be for the business. Its about 45 billion or 50 billion in net income, give or take. It seems like a massive profit fool of a financially Stable Company and people are willing to say selling has gotten overdone. If you remember when carl icahn took his stake he had detailed proje
And your money sound advice. Aa hard to believe, tyler, all over the next two hours. All of them are going to be here and more. Welcome everybody. Im tyler mathisen. Earnings a big driver for the markets this hour. We are in the heart of earnings season. And heres your stat of the day of the more than 200 s p 500 Companies Posted results so far this season, 72 of them have beaten on the bottom line. And this hour we will shine the spotlight on the mother ship, comcast, the owner of cnbc. Well also talk about coke and t tmobile. Thank you, tyler. Im Michelle Carusocabrera coming to you live from the Wells Fargo Center in philadelphia. Len Lenny Kravitz has just gotten off the stage. Donald trump drawn away from the dnc, said in a News Conference today that he said he hopes russia finds Hillary Clintons missing emails. Were going to get the Clinton Campaign reaction minutes from now. And set the stage for a big night here in the city of brotherly love. If not for donald trump, wed probab