Banks report earnings and revenue both handily beating estimates. Earnings dont symptom there. Ibm, and amazon in the next few days. And very close to home, an important week for the comcast time warner merger, a meeting with the department of justice is set to try to ensure that deal is not derailed we begin a new trading week Chinas Central Bank cutting the reserve ratio by one percentage point to stimulate lending. They still, guys a lot of no progress being made regarding greek talks and the deadline that is fast approaches. Then of course 472 Companies Report this week 146 in the s p. I think thursday is the single busiest day of earnings season this week. Industrials, Consumer Staples and technologies are the three groups up to be watching this morning. So far this morning looking pretty good. Even halliburton, which had gotten beat up obviously, managed to post a pretty good beat on the bottom line at least. Its probably worth pointing out that the move by china is very reall su
We are live from bloombergs headquarters. Show, acoming up on the royal collection. We give you insider access to the esever cartier exhibition. Touchdown for kate upton. Why this years Super Bowl Ad could be the priciest ever. David cameron and Francois Hollande our meeting today at an air base near oxford. Ryan is here with the latest. We know that they are having lunch in a pub, which is what we want to know about. Should we talk about that . E. R. A. Allowed to know they are having lunch in a pub, we arent not allowed to know which pub. Historylk through the of this cooperation. These are two countries that posthouse agreement, said they will operate on military affairs. That original agreement was inked back in 2010 between sarkozy and cameron. Hollande arrived later. Ideologically, they are very different. Hollande has an issue with britain trying to rewrite their relationship with the rest of the european union. Militarily, i do not think that president hollande has seen the val
Be in deficit 5. 5 . The only way you keep the private sector in the red, above zero, is if the government deficit is big enough to more than offset the trade deficit. If the u. S. Is running trade deficits on the order of 4. 5 of gdp, the government deficit has to be at least 4. 5 of gdp, or the private sector will fall below zero. Every single time. Here is the cbo forecast. This is what is projected to happen to the government deficit if we hit the cliff. This is the alternative scenario. If we hit the cliff, the projection is that the government deficit will shrink to around 2 of gdp. Deficits of 2 of gdp, together with trade deficits of 4. 5 , in the private sector is by definition going to be in the negative. We are going to be running a deficit. Here is the same image flipped over. It is the mirror image of that. It says that if the government reduces its deficit, it is reducing the surplus to the nongovernment sector. You have to be able to put these things in context. Why does
To the fight against cancer. And mounting concerns over Climate Change. We reached this kind of unfortunate milestone, 400 parts per million of car done carbon dioxide. And that number is something this planet has not seen in millions of years, not in recorded history. Sreenivasan those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by and by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Sreenivasan the death toll reached 31 today in the russian city of volgograd, after the second suicide bombing in as many days. The first came sunday at the citys main train station. The attacks raised new security
Replaced. Santander announces the death of its chairman, sending shares in the spanish lender lower in early trade. Good morning, everyone. Youre watching Worldwide Exchange and its ail about apple. The day after the postmortem. Shares are down by 6 . You have to wonder why that is. Is it because the it was the usual buy the rumor sell the fact story or is this the tietdenning story sending ripples across the Global Markets . 6 , a huge amount in frankfurt, particularly given shares in apple were up for most of the day. And it was only after the markets as a whole sold off that they finished the day down. When the u. S. Markets open a bit later and before that, of course, well continue to explore all the benefits and new products. Theres a picture there of the iwatch which, when that was announced, saw shares sell off. Part of the reason people suggested that was it wont in fact be available until the new year so it wont make the most of the Christmas Spending spree. No, youre right. B