A collapsing economy. And the price of crude climbing a bit higher leading Energy Stocks into the green. Meanwhile, the saudi arabia minister says the country wont slash oil even if nonopec countries do. And the ceo of airbus says they will boost the entire Aviation Industry as it rolls back the first age of a350s. This is a big success of our market. And well address a market of 5,000 and well get more than 50 of marketshare with every 0 50. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. And the top story continues to be sony. President obama is moving to prevent u. S. Anger at north korea from getting out of control following the hack attack on Sony Pictures. Pyongyang has denied involvement and vows to hit back against any u. S. Retaliation. Now, the president tells cnn one option to punish north korea could be to return it to the u. S. List of state sponsors of terrorism. But he says the sony act is not and act of war but cyber vandalism. Were
End by october. Was that the reason for the selloff . We dont know. Were going to talk about that. Nasdaq the biggest laggard by for because of the rout among the biotech stocks. Gilead sciences getting aot congress wanting to know about the pricing of one of their drugs. That sent investors scurrying out of biotech drugs. Steve liesman will join us shortly. An hour from now the president host egg tech bosses at the white house. This amid growing concerns about government surveillance. Among the ceos expected is Mark Zuckerberg. Well take you live to the white house and well speak to knows in attendance. And more developments in teslas fight to sell cars directly to consumers. Arizona, its one of the three states out there that currently outlaws selling cars without using a dealer, a middle man. But one state congressman in arizona is defying the car dealer lobby and pushing a bill to reverse that ban. That lawmaker will join us exclusively coming up on the closing bell. Perhaps arizon
Others in the city of dallas. Local media says it started as a grass fire that spread quickly. Judas strong winds. Ah. This is our disease at the top stories that are celebrations in shanicea by supporters of the president as the country votes on a new constitution. Early polls suggest the changes will be upheld by the turnover when low critics of k said. So the new constitution will make the country a dictatorship again. Po process has apologized to canadas Indigenous People for what he describes as the evil inflicted in residential schools, one by the catholic church. More than 150000 children were forced to live in them. And many suffered physical, mental and sexual abuse can only goes as it pains me to think that catholics contributed to policies of assimilation and enfranchisement. That in co, katie, a sense of inferiority robbing communities and individuals of their cultural and spiritual identity, severing the routes and fostering and prejudicial and discriminatory attitude. And
Ah, hello, this is al jazeera and these the headlines. Hundreds of protest as who stormed rocks. Parliament have now left the supporters of shia cleric looked at al serra were demonstrating against the nomination of a new Prime Minister who belongs to a pro iran bluff. The Federal Reserve is increasing its key Interest Rate by 0. 75 Percentage Points to 2. 5 percent. The u. S. Central bank has been raising borrowing cost since march to try to rain in rising inflation. U. S. Secretary of state Antony Blinkin says a substantial offer will be made to secure the release of basketball player britney griner, and former us marine pool whelan. Theyre both detained in russia. He says hell speak to his russian count upon sag a lover of in the coming days. Risen issue thats a top priority for rush, release americans, all wheel drive all the time and must be allowed to come all substantial proposal on the table weeks ago. Facilitate the release. Our governments are communicated repeatedly and dire
Threeday losing streak in nearly four months. That index is down nearly 2 in the last three sessions, closing yesterday at 1775. The s p 500 is up about 27 yeartodate. We are going to talk more about the fed markets. Thats coming up at 8 30 eastern time. The Producer Price index for november will be released at 8 30 a. M. Eastern time. Congress are expecting a reading that shows an unchanged reading. Right now, take a look at the futures. At this point, dow futures are indicated up higher, up about 47 points. S p futures up by 7 points. Right now, lets get over to andrew with more of todays top corporate stories. Andrew. Weve got a lot of news for you, the first one being that directv is now exploring the idea of an online video service. The Company Plans to target what they call price sensitive young people. Other commerce have dropped their pay tv service. Directv and the nfl have agreed to a framework to renew the popular sunday ticket pass. Also, cocacola saying its going to split