500 futures up about one third of 1 . Ftse futures higher by 2 10 of 1 . Unbelievable to see a zillion euro in the mix a resilient euro in the mix. The story is the equity market yesterday. The more cyclical sectors, bottom of the pile in the u. S. And europe, Energy Stocks having a tough time of it in 2020. Annmarie they have. Both sides of the atlantic, energy getting pummeled. That brings us to bp results. The first of the oil majors to report earnings kicking off the week. Adjusted net at 86 million. The estimate was for a loss of 116. 8 million so that is something that will boost bp. Is expected to fall in the fourth quarter. So far, it is not looking too bad. Analysts were expecting a loss because right now, the refiners are having trouble turning a profit because demand is so low. When you turn that crude into things like gasoline, the demand is not there. The volatility buying all the oil and selling it at a higher price, that saves a lot of these majors in the last quarter an
Week of losses, sell everything. Im out of there, baby. Much more on microsoft and great interview with former microsoft ceo steve balmer in just a bit. A propitious day for that. To the developing story, surrounding at t and time warner. It seems bigger is better once again. At t down a little bit, by about a dollar. Time warner moving up by 9 at 9076. David faber working the phones and is here with the latest. What are you hearing, david . Developing is the right word and things are developing very quickly. In fact, so quickly that you could see a deal announced as soon as, lets call it shortly. Will it be as soon as monday . Hard to say at this point. But the point is that after what appears to have been actually months of some conversations and certainly work on the part of some advisers, these two companies are close to inking a potential deal that would actually meantime warner would be owned by at t, a dramatic move for at t as it builds on what already was a large deal when it
Packed day. This is the show today. Political risk in europe with less than 10 days until italys referendum. France chooses candidates for its president ial elections. We bring our exclusive interviews with yannis stournaras, governor of the bank of greece. The latest news on the brexit debate. Our guests will break down what elections in europe and the trunk content white house will mean for the u. K. As it negotiates to leave the e. U. First, lets get straight to the first world news. Here is never change. Cheich. Nejra nejra cpi excluding fresh food dropped 0. 4 in october from a year earlier. It underlines how different have distant the economy is from achieving its 2 inflation target. The ceo of fiat said donald trump could affect his strategy in north america. Mainly, i think there are a number of conditions in the u. S. That are not yet settled. I heard him during his campaign, and the president elect made some statements about how he sees trade. That is a big issue, because of
Baseball. Julie hyman tells us why investors are watching Quarterly Earnings so closely. All of those stories coming up in a moment, but first lets get you to the top stories were following this hour. Passengers arriving in the u. S. From three western nations with an outbreak of ebola will be ordered to enter through just five airports. The new procedures become effective tomorrow. Federal officials are going on the road with new guidelines to provide head to toe protection for healthcare workers treating ebola patients. Behind for an ebola vaccine will the hunt for an ebola vaccine will produced data if they are safe by september december. If they are deemed safe, tens of thousands will be used in the february. An trial in Oscar Pistorius was sentenced to five years in prison for killing his girlfriend reeva steenkamp. It means he could be moved from prison to house arrest in eight months. Today, rick snyder has decided to sign legislation to ban tesla from selling cars through its o
And Warren Buffett, lets move on to him. Warren and the boards. Well, i voted for compensation plans that i havent agreed with. Ive even sort of muttered a yes on some mergers that i didnt think made sense. It happens. If Warren Buffett with all his money, power, influence, cant say no to a board or to a management, can anyone . Are these boards worth it or have they become yes men and yes women . First, though, lets talk with this and more with sue in the house today. I sure am, ty. Good to see you. Were going to start with apple. A lot to talk talk obviously. Up better man 8 now. See that spike in its a nice one if youre long that stock. Announcing that split. How stocks that have done splits historically speaking are going to do in the future. Well talk about that in a second. First, out to josh lipton on apples lifeblood which is product line. Apple earnings released, some fears raced new ones. Apple told us it shipped 43. 7 million iphones, that was more than the street expected.