Capitalal has changed its business and cites among other things ge capitals exit of the u. S. And consumer businesses and transformation of its funding model. You might recall during the financial crisis ges finance arm almost took the company down and since that time, it has certainly changed that this or i should say last year undertaking an aggressive plan to reduce ge capital selling over half of its assets and, indeed, since that time, it sold about 166 billion or signed 166 billion worth of deal. Now keep in mind, ge is one of four nonbank companies that have been given this systemically important financial rating. Others include aig, met life and prudential and met life is involvedn a legal battle with the fed having, of course, received a favorable ruling earlier this year by a judge who said tFederal Reserve or the government could not designate it as that. That means these companies are subject to Federal Reserve reover sight and enhanced capital rerooirmts. The fsoc voted to
France the leader in terms of at least downside. The 10year note yield you ask, show you where we are. 1. 54 and crude is, of course, one of the key parts of the story here. It is up, but yesterday started up, and ended down. Took us with it on the broader markets. It would seem oil once again starting to core core late with the market overall. We will be watching it closely. Lets get to our road map this morning. And were going to start with Hillary Clinton. Getting a big endorsement from a major gop player, meg whitman, as the hewlettpackard executive calls donald trump a demagog. Time warner takes a 10 stake in hulu and the company raising its outlook, Strong Quarter, stock up on the news. We will give you more. Aig shares up nicely after that company beat earnings estimates. Helped by lower expenses. Announcing a 3 billion increase in its buyback. By the way we will talk to its ceo Peter Hancock later in this hour. There you go. Because that is the biggest upside surprise to them.
Lee. Good morning, susan. Good morning. Good to see you as always. Great to have susan with us. Lets get to the market action. Futures at this hour are pointing to a slightly positive open. But as you can see, its essentially the s p higher by 0. 2 . The dow just below flat. The nasdaq just above flat. We did hit alltime highs last week. Gains for the week, more muted. The s p and the dow up less than hf half a percent. Tech was the best performing sector after notable earnings. The tenyear yield, a tight range last week in and around 1. 55, 1. 6 and were in that range again now. 1. 587. Volumes for the week, hopefully coming back from vacation lets get the top corporate story. Verizon set to announce to buy yahoo for around 5 billion. Reports are that yahoo will no longer be an operating company. Instead, it will be a Holding Company for stakes in alibaba. Yahoo says marissa myer not expected to stay on after this deal is completed. At last, we think we have the deal and the announcem
And im wilfred frost. Very good morning from me too. Its new music friday. Its Justin Beeber to start your morning off right. A lot of market earnings to get to this morning. First, if you didnt stay up late last night for the Democratic Convention in philadelphia. Here is what you missed. Hillary clinton the first woman to lead a Major Political partys president ial ticket formally accepting the democratic nomination, her daughter chelsea took to the stage giving her mother a heart felt introduction. I hope that my children will some day be as proud of me as i am of my mom. I am so grateful to be her daughter. Im so grateful that she is charlotte and aidans grandmother. She makes me proud every single day. And mom, grandma would be so proud of you tonight. An emotional bill clinton father looking on. During Hillary Clintons acceptance speech she made a point to contrast her campaign with republican nominee, donald trump. Thats how were going to make sure this economy works for everyon
I am brian sullivan. And we come into the month on a sixmonth win streak for the dow. But thats not how this month is starting. Heres a look at how your money looks right now. The dow down a lot, not a lot 47 points, given what is going on with oil, tyler, it is no surprise that chevron and exxon are two worst performers in the dow. Much more coming up. Oil a big story today, brian, as you point out. Welcome everybody. Im tyler mathisen. Heres what else is happening this hour in your financial world. Crude oil falling below 40 a barrel for the First Time Since april. Oversupply and economic worries continue to pressure crude. Its down more than 20 from junes 2016 highs. And the gaming slump continues in macau. The chinese territory reported its 26th consecutive month of declining gambling revenue in july. The slide has impacted u. S. Companies that operate over in macau, like las vegas sans and wynn resorts. And googles next goal, searching for cures for disease. Googles parent alphabe