The month over 12 lower as china injects over 140 billion yuan into the money markets. Berkshire hathaway has more than a 10 stake in phillips 66 despite the slide in crude prices. Hitting the motherlode, shares in any rally after the eni discovers the mediterraneans biggest gas field. Some numbers just hitting the tape. Eurozone, august inflation is unchanged from july. Cpi year on year, plus 0. 2 is what it is estimated for july. The core cpi year on year is plus 0. 9 which again is pretty much unchanged july, where it was. Plus 1 . Overall, the cpi number coming in fractionally ahead the same number for july. Lets look at the euro, 1. 12, thats what it was around the open, changed a little at trade but not significantly. Changing your attention to u. S. Futures. Last week was a week to remember for the bulls and the bears. Chinas move triggered a selloff in asian stocks. Suggesting a lower open by 1520 points. Nasdaq down 36. S p 500 down 19. Here in europe, reaction to inflation da
The month over 12 lower as china injects over 140 billion yuan into the money markets. Berkshire hathaway has more than a 10 stake in phillips 66 despite the slide in crude prices. Hitting the motherlode, shares in any rally after the eni discovers the mediterraneans biggest gas field. Some numbers just hitting the tape. Eurozone, august inflation is unchanged from july. Cpi year on year, plus 0. 2 is what it is estimated for july. The core cpi year on year is plus 0. 9 which again is pretty much unchanged july, where it was. Plus 1 . Overall, the cpi number coming in fractionally ahead the same number for july. Lets look at the euro, 1. 12, thats what it was around the open, changed a little at trade but not significantly. Changing your attention to u. S. Futures. Last week was a week to remember for the bulls and the bears. Chinas move triggered a selloff in asian stocks. Suggesting a lower open by 1520 points. Nasdaq down 36. S p 500 down 19. Here in europe, reaction to inflation da
S big idea this year was they have gone from a flatpanel and a hyperrflat superflat. 2. 5 inches. Im Walking Around the show and here is sony and lg and samsung. Brand after brand after brand. Im going, samsung probably has and sony haseers 200,000 engineers. Theres more than one million engineers that were all committed to working on this one big idea. Think of all that wasted horsepower. Engineer 100,000 turned to solve that problem, if inext 900,000 can take 1000 of them and put them on a bus and drive them to the closed Dicks Sporting Goods grab allenge them to Sporting Good product and innovating it, one would grab a fishing rod and another would grab a football helmet. That thinking was not driving through our industry. Technology was not in Sporting Good. It was the color or silhouette. What if we could apply that type concerned . In my when i hear Companies Like apple and samsung say things when the consumer wheres our product if its wearing, its us. Ill be darned if we are goi
Tomorrow. Jpmorgan, bank of america and goldman and citigroup. Can Investors Bank on the banks . Good question. We begin with the biggest retailers. Target and gap are under fire for staffing practices. More on this developing story. Give us the latest. New York Attorney general has sent letters to 13 retailers, including jcpenney target and gap and others asking for information and documentation about staffing procedures as it pertains to on call shifts. The new York Attorney general said the receives reports about these 13 retailers and specifically wouldnt elaborate further. According to the letter they have phone or email systems set up where employees find out shortly before their shifts whether or not they need to come in. If they are not needed they are not paid. They said reporting for work shall be paid for at least four hours. Further, the ag said the scheduling practices make child or elder care arrangements difficult and in addition when it comes time to finding time for al
Also on power lunch why your doctor is so angry and confused these days. First, though, to sarah eisen in for manned where i. Shes at the nyse. Hi sarah. Hi. Good afternoon, tyler. Were going to begin with a big deal in the transportation sector. Fedex making a major move into europe buying european rival t t. What is it this mean . Investors seem to like it. Morgan brennan outside Fedex Distribution Center in manhattan for us. Morgan. Well, thats exactly what it means. Fedex is expanding into a Market Europe that until now its had little share of. Fedex has largely focused in az wra. Instead the two dominant players in europe have been ups and dhl. By acquiring tnt express, fedex dramatically expands its presence in europe, and it does so primarily through ground operations. The chairman says there is a number of reason to do this now. The Dollar Exchange ratio was very favorable. The quantity the quantitative easing means the economy has a better outlook now than for some period of t