For eric Erik Schatzker today. I cannot wait to see what happens. I feel that for them that they are not here today. Scarlet we will try to make it up for them. Federal reserve policymakers wrap up their today meeting twoday meeting and investors will be paying attention to what the fed doesnt say. Janet yellen is likely to be questioned about the strong dollar and how it may affect Monetary Policy. You can watch that live right here on Bloomberg Television starting at 2 30 p. M. Eastern time. Benjamin netanyahu beat the odds. He beat back the challenge from his main rival and capture the most seats in yesterdays election stop now he must yesterdays election. Now he must form a coalition. The hard work begins. Netanyahu says there are issues that must be addressed immediately. Netanyahu we are facing great challenges ahead. I cannot elaborate on all of them, but i can say with that we have challenges in both with certainty that we have challenges of both diplomacy and security. Scarlet
We are live on the salt conference in las vegas. I am Erik Schatzker. Stephanie i am Stephanie Ruhle. Day two and we had an extraordinary run already. We will be speaking with the one and only jim cahanos. Leon cooperman at 11 00 and john burbank at 11 30. You better sit down, strapping and dont go anywhere. Erik that is one heck of a lineup. Lets start with a bulletin. Stephanie Erik Schatzker in vegas, a whole other level. Erik top business stories of the morning. Alibaba has a new ceo, daniel zhang, they chief operating officer for the past two years. He helped turn the companys single date shopping day into the biggest revenue. He replaced jonathan who will remain as chairman. He spoke earlier to bloomberg about alibabas strategy. Daniel we manage our business by creating value for longterm customers. By creating values for the disappearance for the participants, so we believe that the investors will like us as long as we continue our belief and continue creating value for customer
Erik paying for romance. Eharmony says it is responsible for 600,000 marriages but you can hook up for free on t inder. Stephanie Erik Schatzker talking it up today. Welcome to Market Makers. Im stephanie ruhle. Erik im Erik Schatzker. Stephanie we are too old for the tuiinder generation. If you were younger would you do that . Erik i havent given it enough that. Stephanie eric is like let us get to the news. Most of the big wall street banks are rising today after passing the fed stress test. Goldman sachs, jp morgan, and Morgan Stanley seeing gains after submitting revised proposals they got the feds ok. All three will raise their dividends and repurchase stock. Bank of america pass conditionally and will have to resubmit its plan. It also authorized a 4 billion stock buyback. Citigroup won approval to raise its dividends and buyback 7. 8 billion in stock. Shares of Cloud Storage startup box are down 15 today. Box came up short in its first Earnings Report as a public opening. Sales
A lot better than what economists are looking for. A 3. 1 advance. The allimportant spring buying. We arty have increases for pending home sales. Existing home sales are lagging behind. We were down slightly. A little bit of an uptick following latest home cell numbers. Not changing all that much. Still changing when it comes to the dx why. Very quickly here, lets pull up the 10 year yields. It is yielding at session high. The eu says they may have pose unfair prices by from some European Countries to others. It expects there to be a solution with the help of the russian government. Here is what comcast plans to do in today passes crucial meeting with the Justice Department on their merger with Time Warner Cable. I do not have this right. Listen now and make an offer later. People familiar say lawyers will listen to the deal. Government antitrust lawyers are expected to emerge and arguing the deal would mean fewer choices for consumers. Marissa mayer knows how to get investors excited.
Over paycheck. Not all millenials are demanding that companies show them the money. 4 days. Remember what day it is . October 31. Her favorite day of the year. I know you are excited about the brazilian elections. You only have one thing on your mind. Halloween. Are you going to dress up for the show . Executive producers do not think it is a good idea. I now have to move on. Olivia sterns would like to dress up, too. She will show up in a hazmat suit. Top business stories. Investors are punishing brazil a day after president Dilma Rousseff was reelected. The benchmark index was more than 6 at the open, up more than 6 . It is now down 20 . The brazilian real fell 3 . Dilma rousseff is promising major changes. She presided over brazils of growth in two decades. A winner in the battle of bananas. Two Companies Buying chiquita 81 million. After shareholders voted to reject the takeover of the irish banana producer. An offer for chiquita in august. In new york, a fiveyearold boy being test