Discussing the idea because it would give them time to fix the problems out of view. Some remain skeptical such a deal is likely to happen. The stock finished the day up almost 6 . On wall street, investors found little reason to buy as the dow snaps the sixweek winning streak closing at a onemonth low and volume was light but not just today, all week long. Logging the lowest volume week since august of 2006. In the end, the dow closed down 72 points to 15,425 and the s p fell 6 and nasdaq off by six months. The timewarner, cbs dispute. The agency is urging them to resolve the dispute as soon as possible and its ready to act if this dispute continues. Acce separately timewarner customers filed a classaction lawsuit in milwaukee and seeks damages for breach of contract and compensation for every customer in southeast wisconsin. They will miss the packer game. Thats one reason why the suit was filed. J. C. Penneys shares slid near lie 6 as a nasty spat between the largest shareholder and
Evidence that there is not more slack in the labor markets. On Interest Rates, again, she will talk about the taper likely to end. Bond buying likely to end later on this year. The fed will keep rates at a record low for a considerable period. If the labor market continues to improve more quickly, than anticipated by the committee resulting in faster conversion towards justice, increases in the federal funds rate target will occur sooner. Conversely, if the economic disappointing, then the future path of his tryst rates likely will be more accommodative than currently anticipated. She has a warning and her testimony towards the on on the subject of Financial Stability. She says most asset prices seem to be in line with historical norms. In some sectors such as lower rated corporate valuations appear stretched. We are monitoring developments in the leverage loan market. And are working to advance the effectiveness of our guidance. Expect Financial Stability. Regulation could dominate th
Public. Is this war fair ever good for shareholders. Bringing jobs home. More companies are moving overseas operations back to the u. S. But not just workers benefit. Who else is reaping the rewards as we wrap up the series made in america. All that and more tonight on nightly Business Report for friday, august 9th. And good evening everyone and welcome. Im Tyler Mathisen along with sue herrera. Susie gharib has the night off. In a farreaching press Conference Today, the first in three months, to took questions and gave answers on top picks critically important to American Business. He tackled healthcare reform and the possibility of a government shut down to immigration, privacy and whom he might choose as the next chairman of the Federal Reserve. Good evening, tyler, the president addressed a series of issues, as you say, in his press Conference Today and said he doesnt think the leaker from the nsa, edward snowden, is a patriot and released a series of reforms he would like to imple
Our road map begins with jp and goldman reporting earnings beating the top and bottom lines. Stogs up this morning, but theres warnings beneath the numbers. It is official, reynolds buys lorillard. The industry copes with declining demand. Yellen on the hill as investors watch the fed chairs comments on Interest Rates and improving American Labor market. Two components in the banking sector, 401 a share driven by higher revenue, and investing and lending business, and jpmorgan with q2 profits at 146, and Ceo Jamie Dimon says it was encouraging at the end of the quarter adding he believes consumers and businesses are better and the labor market is showing improve. And, in fact, addressing the media on call, he said, you look too depressed sometimes. The economy is actually improving at a slow, but steady pace. I liked what he said. It was funny how hes right, by the way. Theres a quote in the call that said towards the end of the Second Quarter, encouraging signs across the businesses i
Docket. May be seven. Well find out more in a few minutes. Watch bonds today. Investors pulled 4 billion from treasury funds in the weekended wednesday. Youre going to hear more great rotation talk today. Road map begins with blackberry open to the idea of going private. Also, priceline beating expectations and the shares approaching new highs, not seen since the dotcom era. Its shark week on wall street as our our guest likes to say. Hedge funder bill ackman pushes jcpenney to push up its search for a ceo. Published reports say the smartphone maker is warming up to the possibility of going private. The companys board are said to be increasingly coming around to the idea. No deal is imminent and blackberry has apparently not launched any kind of sale process. Interesting though, guys, reuters is saying theyre having discussions about collaboration with silver lake. Nothing regarding m and a but just in a time when theyre involved in another highprofile deal. Mike . I think no growth or