Little joins us to talk about the state of spending. Im Katie Greifeld in new york. Another quiet day on the screen behind me. The s p 500 unchanged. The nasdaq 100, more action but to the downside, currently off by. 2 . Also put the vix, not sure why but it never does much. Slightly on the rise, trading with a 13 handle on the vix. Lets find some excitement. Less than blockbuster results for morning brothers warner brothers. Poor performance at studios. Geetha ranganathan joins us now. What was your take away from the earnings . Geetha tv advertising and the Network Business continues to be under tremendous pressure. Tv advertising fallen by 11 and that crimped but there were bright spots. Cash flow was strong. This is a merger between warner bros. And discovery. They guided to an extra 1 billion on top of the 4 billion they already achieved. And then hbo max, good subscriber of momentum. They have a whole bunch of new international lunches upcoming. It is becoming a profitable busine
Before the next fiscal year begins on october 1st, nonessential services will close. The democratled senate voted down a version of the bill that would have delayed implementing president obamas health care law. Members of the republicanled house of representatives came up with the proposal. Both chambers need to agree on a spending plan. If they cant compromise by midnight, agencies will run out of money. Some will will have to work for no pay. Offices for defense, national security, disaster management, and medical care will remain open. But many passport offices will stop operating. Museums and National Park across the country are likely to close, too. Investors are worried about the impact of a Government Shutdown on financial markets. We have more now from the business desk. Tell us, what would happen here . Well, investors arent sure if important indicators will be released as planned. This friday we have u. S. Jobs data. They also remember the credit downgrade from a few years b
On the table and some remarks he has been giving. Stallering facts on the income of lower level bank employees. Guess whos paying them . You the taxpayers are to a surprising degree. Well explain that. To sue in the house today. I am, ty. Thanks. Three key pieces of data out leaving about everybody scratching their heads. First up, the adp jobs report showing a gain of 215,000 private sector jobs. Then octobers new home sales, booming up 25. 4 . But ism nonmanufacturing fell to 53. 9 from 55. 4 a month ago. Heres one of the more worrisome factors for the market right now. Take a look at the yield on the tenyear note, 2. 84 . That has put some pressure at various times in the trading day on the Dow Jones Industrial average. Lets take a look at where its sitting right now. The dow down about 37 points on the trading session. The s p 500 is down almost 5 and the nasdaq composite is down a little better than 5. All three, though, are up more than 20 year to date. Lets get to bob pisani at
The civil war in syria will be at the top of the agenda. Leaders from 193 Member States are scheduled to attend when the annual general debate opens later on tuesday. Theyre expected to focus on the use of chemical weapons in syria. Many believe Government Forces used poison gas last month to kill hundreds of civilians in a suburb of damascus. U. S. President barack obama wanted to bypass the u. N. , and carry out punitive strikes on the regime of syrian president bashar al assad. Now hes expected to call for a united response. The syrians entered a Strategic Alliance with iran and many are waiting to hear what rowan hassanny will say. The Security Council is set to discussion a resolution urging the Syrian Government to scrap its stockpile. Japanese Prime Minister shinzo abe is scheduled to speak on thursday. Hes expected to announce additional aid to syrians whove been displaced by the fighting. Chemical weapons arent the only threat to stability in syria. Militants affiliated with a
Shoppers and taking hostages, they spent four days holed up inside. The president said Security Forces have defeated them. He spelled out the toll of the attack. More than 61 civilians were killeded, including several foreigners and six soldiers. About 170 people were wounded. Security forces shot and killed five militants and arrested 11 others. Gunfire and explosions rang out from the mall during the siege. He said several bodies including those of militants are thought to be trapped in the rubble. Members of the Islamist Group said they carried out the attack in retaliation for a kenyan Army Operation in their country. U. S. President barack obama has opened the door to diplomacy with some of his countries longstanding rivals. He addressed World Leaders gathered at the United Nations General Assembly. He suggested some new directions in the relationships with syria and iran. Nhk worlds mickey abata reports. This was president obamas fifth time to address the General Assembly since h