Shares of nestle open higher after the swiss food giant launches a 20 billion Share Buyback and says it will focus on capital spending, just days after third points dan loeb pressured the firm to shake up its structure. Maersk shuts down a number of systems after hackers strike in another largescale cyberattack targeting the shipping giant and several other corporations and government institutions across europe and the world. Good morning its wednesday, im glad to be back in the seat hope you enjoy the show today. We have a jam packed show for you. Lets kick things off with a look at the heat map the stoxx 600 is down by 0. 8 . A lot of weakness extending yesterdays losses the stoxx 600 at this point is at the lowest level in two months we saw tech stocks underperforming in the u. S. And a similar thing is happening in europe this is also on the back of the renewed cyberattack. Well spend more time talking about that during the show oil and gas also underperforming given that prices ha
Back to 1982. Refineries were at 91 capacity, up 1. 5 points from a week earlier. U. S. Refineries typically increase production ahead of the summer driving season. The department of Homeland Security will continue searching mobile phones of travelers into the u. S. As lawmakers questioned whether the policy is unlawful and intrusive. Secretary kelly told the Senate Committee that the searches help keep terrorists out of the country and affect only a fraction of the people flying to the u. S. Every day. President trump has reiterated his discussed at the gas attack in syria missing the perpetrators have crossed a line. Dozens of people were killed in tuesdays attack in the idlib province, and the president has said using chemical weapons will have consequences and said the Obama Administration had failed and he now carries the responsibility proudly. It crossed a lot of lines for me. ,hen you kill innocent children innocent babies, babies, little babies, with a chemical gas that is so
A group of major global banks that dont live by when seven billion euros. To profit from the manipulation of key Interest Rates. Eu Competition Commissioner joaquin oneill said the aim was to send a clear message to these cartel. But dont go far enough in itself to an increasing scrutiny since the two thousand and eight financial crisis. We have welcomed also been trying to add to this report. Deutsche bank received the biggest fine. The company has to pay seven hundred and twenty five million euros. But the bank said it was prepared for the settlements. Doherty said the necessary cash to sign so cds in awe of the royal bank of scotland. Citigroup and Jpmorgan Chase on the other financial giants that have to cough up. Along with a broken toe up emotion we say with a sissy so we want to send a clear message that the Commission Meets the legal fight gun sights of the stuff thats in the Financial Sector the fourth single dish or grossed out to ensure that Financial Markets to reward of th
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