Pressure well dig into that. Power lunch starts right now welcome to power lunch stocks are at record highs the dow back above 28,000. 28,012 right now while the s p and nasdaq notch new records check out some of the new names hitting highs today. Jpmorgan and fresh records there while General Electric is at its highest level. Melissa. Driven by merger mania. A market responding positively to a flurry of deals this monday starting with Charles Schwab just one month after both brokerages eliminated commissions and a luxury you have lvmh growing its empire with tiffanys, 16 billion. Also a way to increase its exposure to china. Ebay is stelling stub hub. In total, four big deals, 56 billion in deals announced just today. Theres a common thread. First lower rates to take out debt to fund these acquisitions. Third, the prospect of an Elizabeth Warren presidency. Thats enough for a reason for some of these companies to put money to work now versus later were looking at the s p at a new high
To get to a point where its ratcheted down significantly. I think it will be better every year. I think everybody gets better every year and every event. We learn a lot from each other but the risk is significant. Reporter a tenyear plan so more blackouts to come. The ceo and other officials apologized but defended them saying there were no catastrophic wildfires started. They work swiftly to cover wires in high fire threat areas, to underground wires, to trim back trees and strengthen the website to handle the immense traffic these blackouts brought. The website went down several times. They also addressed that lavish party last week, pg e holding a party for its gas customers. Two days of wine tasting. It was on the anniversary of the north bay fires in 2017 that killed so many people and destroyed so many homes. Pg e said that wont happen again and ratepayers will not pay the bill for that party. Coming up at 11 00, i took a closer look at how we got to the blackouts and whats being
The worlds most important central bank the Us Federal Reserve is set to finish its two day meeting in a few hours time and unveil its latest decision on Interest Rates. Many analysts are expecting the fed to cut rates by o. 25 . But there are certainly a lot of factors that might influence the decision, as Samira Hussain reports from washington dc. The Us Federal Reserve cut Interest Rates for the first time in a decade backin rates for the first time in a decade back injuly. Rates for the first time in a decade back in july. It rates for the first time in a decade back injuly. It is decision time once again. And the fed is weighing his options. On the one hand the consumer is feeling pretty confident, they continue to spend money and that is a big boost to the economy. The Labour Market is strong and wages continue to grow. On the other hand the uk is impending mccue has impending exit from the European Union poses a risk to the economy. The attack on the Saudi Arabian Oil Production
Are you one of those serial lane changes . With me is cornelia meyer, who is ceo of mrl corporation, a business consultancy. Do you drive, cornelia . No, this is my contribution to safety in the world. You are not behind the wheel, ever. No, it is better, trust me. Do you have a drivers license . Ever. No, it is better, trust me. Do you have a drivers license . ever. No, it is better, trust me. Do you have a drivers license . I once had a drivers license when i lived in the states, but it was not for me. We have had lots of viewers get in touch and many said that out of hell is not what to listen to. Bat out of hell. I have been on here for 46 minutes and have not said brexit yet, ifear for 46 minutes and have not said brexit yet, i fear i for 46 minutes and have not said brexit yet, ifear i may for 46 minutes and have not said brexit yet, i fear i may do for 46 minutes and have not said brexit yet, ifear i may do now. Uks Supreme Court will be hearing arguments for three days. It bega
This africas Digital Economy developing too slowly the un report suggests that while mobile Broadband Access is growing across the continent most of the money is being made by platforms overseas. Also on the show limiting Climate Change means planting more trees to capture c o 2 increasing the size of the worlds forest is not that easy. This is a business africa im stephen bears in berlin thanks for joining us. The un is calling for a global effort to spread the benefits of the Digital Economy in a new report it says 2 countries have made have more or less cornered Global Digital markets those countries the United States and china each is home to many of the best known names on the web in fact 90 percent of the money made by the worlds 70. 00 biggest digital platforms goes to firms based in one of these 2 countries if we broaden out further look at the combined might of asia in its entirety as well as north america we see there almost total dominance together they account for 95 percen