Medium term. We will speak to ceotidjan Ceotidjane Thiam late their morning. And viva aviva says it will deploy 3 billion pounds in excess cash. Good morning its thursday, not just any thursday, it is opec thursday. Its only a matter of minutes until steve is let into the socalled opec scrum the ministers in the room are widely expected to strike a deal to extend crude production cuts by as much as 9 months you can see steve in the background hes ready to go well bring that live to you wlechb when it does begin Traders Await a decision from opec and nonopec nations bp is off by 0. 63 shell off by a half percent. Statoil a touch lower. Really were just in a wait and see mode lets tell you whats happening with the rest of european markets. Were modestly higher today. We saw another record high for the dow. The nasdaq fell, given the selloff in the f. A. N. G. Stocks specifically, the tech stocks overall, seeing their biggest oneday drop in five months. The nasdaq posting the biggest oned
Impact that its products have on smartphone addiction in children cnbcs leslie picker has more on this story for us. Leslie hey, bill, thats right, its a twist on activist investing. Jana and california state teachers retirement system, sending a letter over the weekend to apples board pushing for changes there. In the letter, they say that apples ubiquity has created unintended negative consequences for children, particularly when it comes to their physical and mental health. They want apple to form a committee to study this issue and add more restrictions for younger users. Apple already provides tools that allow parents to restrict what their kids do on their phones, but jana and calsters believe there should be more thats done there. The letter was part of the firms announcement of their own social impact fund the plan is to raise money then use their activism knowhow to target Companies Like apple they they believe could do better when it comes to social issues now, investors and
Block efforts to locate the iranian plane that crashed and mountains killing all sixty five on board. A russian medalist at the Winter Olympics is suspected of doping after failing a test. It was a day that film stars wear black on the red carpet at britains top movie awards to send a message on Sexual Harassment and violence against women. Kurdish Officials Say they have reached a deal for Syrian Government troops to enter a frame of development which raises new complexities for russia and turkey in the war the kurdish spokesman told aljazeera they want Syrian Forces to help them fight turkish attacks on a frame and that they could arrive in about two days this could see Syrian Forces directly confronting turkish troops who are currently engaged in an operation against the kurds in the area the kurdish wife has been a key ally of the u. S. In the battle against eisel in syria but turkey is family opposed to the group which is fighting for more kurdish autonomy some avenge of aid is fo
Breakout in two groups of stocks this year. Just like the karate kid they are the best around. Big tech and biotech kick off the year qqq up about 9 in 2018. And ibv up about 10 this year when it comes to hunting for growth in a raging bull market what is the best bet, tech or biotech . Dan. On a day like today, when you see netflix, a name that a lot of investors keep a close eye on as they think about tech, up at new all time highs, up 10 google has gone berserk before they reported earnings one sector thats more interesting could be biotech we have been talking about two big deals that weve seen already. When i think about the ibb it made 52 week highs but its down 10 from its 2015 all time highs. Sell gene, boyio yen and gilead are still off considerably from those high they have been aquarsor are going to be acquires if we are going to continue to make new highs in the market the ibb looks to be a decent bet to get back to those prior highs. If you look at the chart the last year
Halt trading on the floor. Just because they werent being traded on the floor, doesnt mean the markets stopped moving. Thats not the case the stocks were routed to other electronic exchanges. Trading on the floor of the new York City Stock Exchange was halted by an unknown problem the Exchange Says they know what the issue is but they werent any more specific. They opened about 3 10 this afternoon. They get their pricing from the new york Stock Exchange it was critical the big board had floor trading open again by the close of trading today. What happened most of the stocks that would trade on the floor of the new york Stock Exchange were traded elsewhere. Expect to see some investigations by regulators like the sec. The nyse shut down trading on the floor because it was concerned about a technical glitch. In the end, the stock market finished lower because of concerns about greece and china. The computer problems are not part of the problems that grounded American Airlines flights tod