Thank you becky one of the key Decision Makers now defending a decision to launch a program. The launch had now been moved in the right direction and said Market Reaction was encouraging thus far and next big question a major election in greece this weekend. Back in the United States the focus is on earnings and economic data. On the agenda heres whats happening. Quarterly results from General Electric and mcdonalds before the bell but two data points coming up at 10 00 eastern time. Existing home sales and leading economic indicators. Stock futures at this hour dow opening up 5 points higher. S p 500. Nasdaq up about a point. Now to todays top stories. Succession in audi arabwe saudi arabia. Brother to brother. These are the sons of the original king of saudi arabia. The unspoken question is what is next for saudi arabia. Is this the last brother. Yes it is. King salman. Hes a half brother. Hes 70. Hes in his 70s. Thats pretty young at this point. I know that now. When we were talking
Years data breach. Lowes and staples out. Tesla shares off in the premarket. A cautious note for Morgan Stanley. As we said, faber live at liberty investor day. An exclusive with john malone. First up, targets Third Quarter operating profit of 54 cents did beat forecasts. Comps up. Courtney reagan will have an exclusive interview with target Ceo Brian Cornell. Ive gotten to know the company pretty well since the change. I can tell you that brian is definitely an underpromiser and over deliverer. This is much faster a turn than i expected. The glaring issue here is that canada had been a disaster. Now its on the mend. They opened 125 stores in a year and it was a disaster. That looks like its behind them. The fact is that the merchandise has been reinvigorated. The online presentation, which was a disaster, obviously jump started by some Free Shipping. I dont want to say target is back because hell not like it if i say that. Hes a conservative man who comes from sams club and pepsi co.
Were . In the cross hairs of europe, but we know that yurt has been weak. That is the approximate cause. The sooner it happens the less likely we wilikely we will get bigger cuts. That means the less likely that you will blast out of stocks ahead of a tsunami of selling when you have a number of cuts. Prudence and foresight produce what i call just in case selling. Again that is totally sensible. Im never going to criticize that. Aside from these two factors, fridays selling had theyre own momentum. The first reason that people sold, the fed. We heard endlessly that the Federal Reserve was behind the curve. Meaning the fed will have to do something to send stocks lower. And that thing is to raise Interest Rates quickly. Before i tear this apart you need to know that at the end of the week bankers gathered. Youll have to hear stories about how the fed is going to hurt you and your pocketbook. I would love to be able to immunize you against this chatter, but it is almost impossible becau
She joined us in january. She has a really rich of history of campaign work, working inor electoral politics and policyja and research and she was the perfect person to take over from pillar. Im delighted to call you up. Thank you. [applause] thank you, donna. Im really lucky, i guess depending on your perspective maybe really unlucky who is the person to gets to present results of an effort which donna said was conceived of and carried out by a large team of people, many who are here today, many so of whom i think are up all night getting our website and other assets going. I really appreciate your work and second donnas thanks to all of you. Today i would like to do three things. First im going to talk about what our research revealed. Second i offer preliminary thoughts about what it suggests. Third, i will talk a little bit where we might go from here. But to start, lets look at a short video we put together, if i can operate this. Have you ever wondered what does america look like
Neutrality. Your colleague, henry waxman, recently wrote to the fcc asking it to be reclassified as title ii. Whats your reaction to that . Guest well, i respect henry i a lot, obviously, but hes wrong. Theyre trying to use an old law passed back in the 1930s for an industry that is in the 21st century. Its been proven over and over again that the best solution to the allocation issues and usage issues is an open, transparent market with appropriate oversight by federal and in some cases state and local government. We have a booming internet, we have a booming telecommunications system, and by and large, its because in the last 20 Years Congress and various president s have adopted more and more open, marketbased policies towards telecommunications. So for henry or the fcc to try to use an old, old almost 100yearold law to regulate the internet, in my opinion, is just, frankly, platte wrong. Flat wrong. Host if the fcc does reclassify broadband as a title ii entity, would congress have