Pounds under pressure although german Business Sentiment did hit a tenyear high. The samsung saga getting worse. Galaxy note 7 smartphones permanently discontinued. How are the other players like apple being impacted . Well have the latest from twitter. Well give you the latest on the continued talks with salesforce. Alcoa shares falling this morning. Coming up we dig into that report and talk to Klaus Kleinfeld in a cnbc exclusive. First up, samsung has permanently halted production of its troubled galaxy note 7 smartphone. The recall could cost as much as 17 billion. Apple is poised to open at its highest level since december of last year. The stock is up 21 in the past three months. Were now on to a cycle where the replacement phones are catching fire. The company says if you have them, turn them off and were simply not going to make them anymore. I believe the company told people in china that it was the batteries that were the issue. They tried to make a little difference about th
Business. We hear what the ceo has to say about the future of the company. And amazon getting into the streaming music game with a new lower cost option. What that means for the industry and all the competition like spotify and apple. First up though the watch is onto see if the dow and s p can rebound from worst oneday performance in a month. Tuesday was even worse for the nasdaq down more than 1. 5 with microsoft among the biggest tech losers. Mike, were back to essentially the 100day semis didnt perform well, honeywell, dover, alcoa, what does this mean . Definitely a nasty oneday shake out. Brought you down to the bottom range weve been in really in months and to that average. Seems like there was all this disorder on the borders of the equity markets going on for awhile on the currency fronts, in Government Bond yields, theyve been moving much more dramatically than stocks recently. A lot of that finally spilled into the stock market yesterday. I feel like october came ten days la
Treasuries are rising. Lets refresh your memory about hat is going on. 6 . The s p was down 1. 3 . European equities are declining. Lets see what is actually going on. Tui travels. We spoke with the c. E. O. He said were raising our guidance for the rest of the year. Operating profit will rise by 9 . Due to a good summer and high season and strong late bookings. Lets take you into the three stocks to watch. Oil up here. Oil really is beginning to come under pressure. Phillips is down. The light making company and healthcare company. They have been fined 466 million for pat ept in fringement on a Fingerprint Technology that takes the oxygen in your blood. Thats what they will have to pay the penalty for. Crude oil. Black gold. 90. 71. At a 17month low. Youre looking at the strength of the dollar. Youre seeing pumping, pumping. They have oil in saudi arabia. They are pumping it quicker than you can eat cupcakes. They sell it to the asians at 2008 prices. They are battering the price down
Good afternoon and thank you for joining us. You are watching al jazeera america. Its nighttime in nepal, and many people are sleeping on the streets. Its magnitude was 7. 3 and the epicenter was right there near the worder just about 50 miles from katmandu. So far dozens are reported dead and at least 1,000 are injuries. So we have a team of reporters in nepal right now lets begin on the streets of cat man do right after that quake struck. A building the survived the earthquake from two weeks ago, has come down. As we can see people are trying to clear the mess around here, theres suspicions that a taxi, and a motor bike may have been buried around this, and it is impossible to tell right now. Stuck in the load here. Come off the taxi. Yeah. We have they can deport. We move this material, and one hour maximum. Officials over here are still afraid of what might happen, but the rest of the buildings, there are other building which is look very dangerous, with massive cracks and those co
Good morning pow. Youre watching Aljazeera America live from new york city. Im morgan radford. A new earthquake rattled nepal with a magnitude of 7. 3 near china between cat man did you and mount everest. Dozens of people have been reported dead. Witnesses say they felt this latest quake for at least 2530 seconds, we have sent people streaming into the streets. There was at least one after shock a half hour later. Andrew is live in nepal. What was the Emergency Response like after this latest quake . It was pretty quick but it was complete pandemonium. Ive never been in an earthquake, ive been in an after shock today but this was pretty scary the building behind me was swaying p. M. Only for 3540 seconds it seemed longer. By the time we evacuated and got down stairs, and arrived here, we could here pandemonium in the city and there was an after shock of 6. 3 magnitude of the earth moving. It was extraordinary. 19 buildings collapsed in the Katmandu Valley alone and the death toll is in