Good morning. What do we have . One off your and put lycra. Golf. G is the new we will talk about that. Lets get to the top story. European leaders are there for the job summit. They want to lower the jobless rate across the euro zone and the meeting coincides with the parliament and the labor reforms that include making it easier to fire people and the more complicated bits will happen later. He promises that the changes will be sweeping and swift. Go to the discussions with our European Partners. Structural reforms are the most ambitious ever conceived in italy. Dan joins us now. Lets start with the summit. Lowexpectations seem to be right now. What are we going to get . Fair points. He recognizes that and does not want to have a misstep. What he is going to do is divide the complicated package into pieces. Outlineseing the broad of the measures to change the labor market and includes things like welfare and unemployment system spec give incentives to companies to hire workers. The m
Competitive, we will look to see if its more valuable in someone elses hands. The deal comes after allergan rejected and offer from Valeant Pharmaceuticals and activist investor bill ackman. The client and auto manufacturing come utilities and mining drag down overall Industrial Production in the United States last month stop it drop surprising many economists. U. S. Manufacturing is seen as key to the world economy, especially with todays news that japan has slipped back into a recession. Startup Hampton Creek is not backing down from unilever, which is suing the start up over its eggless product. Claims that the word mayo is misleading. From the ceo. Nse we never started the dam thing to be an alternative or substitute. We started it to be right there in the honda meant ill are cookie aisle when we do that with everyone else. We think thats how i did big wins. He says hamden creek is signing to countersue unilever. Er and spotify strike a deal subscribe too spotify premium will be ab
Support for Housing Finance reform. Believes it is still too difficult for Many Americans to get a home loan. Money has been recovered for customers investing with bernie medoc. Funds haveislands agreed to pay a combined 500 million. If the deal gets approved 59 of the money lost will have been recovered. Bitcoin will be back on the auction block. Government will sell 15,000 bitcoins next month, worth 19 million at current prices. Snapchat and square are teaming up. According to a blog post snapchat will make the new feature available for users 18 or older with a debit card. It also gives square access to snapchat users who currently spend more than 700 million disappearing snacks per day. To our lead, facebook and the word place. Some companies block employee access. Facebook is trying to break into the enterprise market, testing a new product designed for workers. It allows coworkers to connect with each other using all of the traditional facebook tools like messenger and newsfeed. T
Appropriate to maintain the current target for the funds rate for a considerable time after the purchase program. Reserve comments sent us stocks soaring. The s p 500 rows for the most since october of last year. Decision toamas restore diplomatic relations with cuba after 50plus years of tension. Heres the president on the attentional benefits. I believe american businesses should not be put at a disadvantage, and the increase in commons commerce is good for americans. We will facilitate transactions between the United States and cuba. Officials will be able to allow open accounts at cuban financial institutions. Itshe u. S. Will also ease cuban ban and open an embassy in havana. Oracle is making progress in its shift to cloud computing. Torall revenue was up 4 9. 5 billion. Oracle posted a slightly smaller profit. The Second Quarter saw major transitions, with the cheek executive leaving to become chairman. Twitter chief executive now own zero shares of twitter stock. The trust sold
Cancel the christmas release of the interview. Movie theaters refused to show it. The movie tells to story of a journalist hired to kill Korean Leader kim jongun. The cancellation could cost sunny more than 200 million. Matt miller talked about it with the Vice President thompson and kathryn arnold. He asked catherine how upset the community is. , the creativet community is up in arms. It is hitting us where american stance from a cultural perspective, freedom of speech and expression. The question is not only is it a horrific situation and is one and step the how will it a fact movies Going Forward and books and magazine and comedies . It has farreaching affects and everyone is concerned because we do not know where it will end. If the North Koreans can do it, anyone can. Does it surprise you that have the capabilities and is a wellknown in the security . It is amazing. Over the past 30 or 40 years you have seen building this capability on the defensive side but also cyber and offensi