And ibm. The bloomberg dollar index right now down nearly 1 at session lows. On paper, its worst day since march of last year. This after treasury secretary Steve Mnuchin said in davos that a weak dollar helps us, good for u. S. Trade. We see the dollar down on this following a big down your last year. Lets take a look at the fact that was secretary Steve Mnuchin was talking about. The bloomberg dollar index down nearly 1 , its worst year on record. The dollar index, its worst you last year since 2003. The point we want to make here is when we have declines, they come in clubs of twos. A twoyear decline seems pretty fitting even though it is early in the year. Lets take a look at the big movers of the day. Ge down. 2 . This on the news of the sec probe into the company. Recently announced a charged related to the legacy business. Texas instruments down on earnings. Ual, same deal, down on earnings. United continental saying they will be matching pricing. Investors clearly not liking th
Good morning everybody. Here are watching market on Bloomberg Television. We are not going to waste time. We have a big gap this morning. We will take you to the top level business stories of the morning. Shares of walmart are rising. For the first time in almost two years store sales rose in the United States. It was not by much, just 1. 5 . That the ceo Doug Macmillan is making big promise in his turnaround plan. It is a match made in marketing heaven. Shrek and the transformers. The toymaker is in talks to buy dreamworks animation. Socks stream work stream work dreamworks stocks soaring. It is Warren Buffetts power play again. Buyingre hathaway is proctor and gambles duracell battery business. 4. 7shire will turnover billion dollars in shares. That is high energy. The house votes on the controversy over he stone pipeline. An impact on nets months Senate Runoff election in louisiana. Billlandrieu how end cassidy want keystone approved. Her rover want to show independence through Demo
On wall street. Yesterday we heard from j. P. Morgan and wells fargo. Brian moynihan is reporting a great Fourth Quarter. Scarlet fu has more in the newsroom. Break it down for us. Quarterly profit at bankamerica could quadruple in the Fourth Quarter thanks to approving credit trends. Relatively strong sales and trading numbers and a favorable tax rate as well. Earnings per share in the Fourth Quarter up . 29 compared to the consensus of . 27. Revenue coming in higher than anticipated, 21. 7 billion. Over the past month, eight analysts ratcheted it down. The bar was lowered. Pretax litigation expense. It is a noisy quarter because of these onetime items. A 2. 1 3 billion charge there. One investor who was on surveillance said he is not exactly sold on bankamerica yet, even though it is leveraging the bank economy. Because of the legacy issues that remain. Jpmorgan at ahead in terms of resolving the sales of defective mortgages leading up to the housing crisis. Rising Interest Rates hel
This is al jazeera. Ah hello, im adrian for again. This is, these are live from doha. Coming out for the next 60, that its often knocking out power of destroying homes in cuba. A stronger Hurricane Ian is approaching florida, unfortunate catastrophic damage. The European Union at russia, both suspect sabotage after gas leaks appear at rushes knob, streams pipelines plus. I agree over here in baghdad, supporters of a shia cleric smoke todd. Ill sort of come from police during a Parliament Session over the resignation of its speaker. But after 13 years guineas, former leader mussa kamala and 10 of those go on trial for the killing of 150 people at a stadium and in sport. Argentina impress once again ahead of the castle wells, cup captain, middle massey schools twice, teen beat, jamaica 3. Now a powerful category for storm is bearing down. All the state of florida. Hurricane is expected to make land fall along the coast in the coming hours earlier. It knocked out power in cuba. People in
He just asked about the deal. We will talk to john about it in just minutes. First, the white house announcing President Trump has awarded a massive government contract for the g7 summit to his own hotel. Acting chief of staff Mick Mulvaney said the meeting of World Leaders will happen at the president s doral resort near miami. Because its the best place for the summit. When reporters asked if the move presented a conflict of interest, mulvaney said the president will not profit from it. I was skeptical. I was. And i was aware of the political sort of criticism that we come under for doing it there. Its why i was so surprised when the advance team called back and said its the perfect physical location to do it. I get the criticisms, so does he. He will be criticized regardless of what he chose to do. Theres no issue on him profiting from this in any way, shape, or form. Trace President Trump floated the idea of using his doral resort in florida for the summit. Government watchdogs cri