Speculation chinas government will add stemless after inflation reports. Of estimates below 2 . The price of oil has resumed its slump. It may go lower. West texas intermediate fell below 63 a barrel. Brent crude also down. In official in irans oil minister critics the price could fall as low as 40 a barrel. That is if there is a price war or of divisions emerge among the members of opec. The new Federal Reserve relation may be expensive for jpmorgan. They may need to come up with more than 20 billion in capital to meet the new standard. Jpmorgan is a ready facing the highest capital surcharge under International Rules. The bank might have to delay Dividend Increases and stock buybacks. Jpmorgan says it intends to meet the requirements. And the weather watch, we go out west, Northern Telephone in bracing for one of the biggest storms in years. People putting out sandbags. Up to five inches of rain expected starting today and winds up to 60 most per hour. Another danger, but flyers muds
Happy friday. Youre watching market makers. Yesterday, at the beginning of the show, i was not so sure. Up on the charts. Hamm,p, dr. Dre, john entertainment. My kind of day. Lets start with this big story this morning. Apple on the verge of its biggest acquisition ever. The headphone maker and Music Streaming Service people say the price tag could be as much as 3. 2 billion. Why does tim cook want to team up with one of hiphops biggest stars . Clearly dr. Dre has the beat. Why does tim cook want it . Dr. Dre is doing ok these days. True, adeal comes pretty big transition, we estimate that beats will do less than 2 billion of revenue this year. To put that into perspective, less than one percent of apples total revenue this year. In theelatively small grand scheme of things. A tremendous deal for the beats organization. Wantat exactly would apple in beats . A lot of people are asking the same question. At the end of the day, i actually think this is largely a financial transaction in n
Lawmakers vote today on whether to accept or reject her controversial drugs a deal with the e. U. May has warned of dire consequences if the parliament throws it out because she and the people of poland more of the slain mayor of good dogs public other volvic she was stabbed on stage at a Charity Event in front of thousands. And it is the largest gathering of human beings on the power planet in virtual bathing in india known as the cool mela is a unique symbol of spirituality tourism and politics it starts today. From sarah kelly welcome to the program we begin with breaking news out of kenya where explosions and gunfire have been reported at a Hotel Complex in the capital nairobi witnesses and police are calling it a terror attack firefighters and six. The forces are at the scene and we know that people are being evacuated the complex includes the upscale dusit hotel as well as banks and offices. And our correspondent there is just making her way to the scene and we hope to catch up w
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