Morning. Where oil prices could be headed next, in a moment. Shares of hewlettpackard enterprises rallying on a report this afternoon that private equity firms may be targeting it for a buyout. Well hear from the reporter that broke that story in a few minutes. Lets start with earnings trouble in the oil patch. Bob pisani, big misses for chevron, as well. Yeah. Enormous write down. The stock prices right to the actual numbers here. Exxon and chevron both reported much bigger missing than anticipated. In the case of chevron, reported an enormous write down. 2. 8 billion for projects just not economically viable at the current price of oil an apparently they dont think viable for a listening time to come if ever here. You see price reactions fairly modest. Let me explain the pickle a lot of Big Oil Companies are. And use exxon as an example. Cash flow 4. 5 billion. Care enough. The Capital Spending 5. 2 billion and the Capital Spending is more than the cash flow theyre getting. They have
Kayla is out today put with us is john fort and sarah on post 9. The markets arent moving a whole lot. An interesting skirmish in the telecon wars. A new unlimited data plan as well as the on going rivalry with sprint. Take a listen. 75 of my customer adds focus on those two and just copy paste everything i do and it will be fine. The sprint ceo joins us on the phone to respond. Its great to have you back. Good morning. Good morning, how are you. And they came out with their plan and have ledger on. Are you in fact trying to ride johns coat tails. No, never. What happened is something pretty simple. We started a week ago. We were going to start tomorrow. So what john did is basically copied our rate plans and called for an Emergency Press release. Were launching tomorrow and he is launching tomorrow at all of our stores so we would be ready for this for awhile. So obviously somebody that says hes not ready to launch the september is lying. We have the capacity to offer unlimited 4glte
Of the technocrat and says fiscal virtue must be enforced. Let us know what you think of our top stories. Use2w me on twitter1 and rishaadtv, and use trendingbusiness. David is having a look at what is happening does far. Asia closee cap, just to recap, asia flat last week asia week. Flat last taiwan, 3. 96 , roughly in line with estimates. ,xport numbers from south korea first 20 days, slightly lower year on year move,. 3 , call it flat. We are looking at a long streak of monthly declines in south korea, 18 straight months now. Volumes are still quite light across the equity space. Going adjustment. Will the fed raise rates . What we have seen since friday into this morning and into what were seeing right now is a lot of u. S. Dollar strength coming back. Whenever we hit the 100 level, we get decent buying into the dollar. The euro weakening as well. At . 76. E dollar rishaad right. Shares in fortescue on the up up, it tripling on the tripling its fullyear profit. How do these numbers
Commissioner courtney Code Enforcement is excused commissioners the minutes of september 13th minutes any additions, deletions, or changes if not can i have a motion. So moved. Mr. Moved and seconded. All in favor, say i. I. Opposed . The minutes are approved next item general Public Comment this is the time for anyone that wants to discuss an item within our jurisdiction but not on the agenda today speak to us about that madam secretary any cards. No cards. Anybody that want to speak in general Public Comment . Afternoon commissioners executive director of bright line want to talk about calaveras that realized a 3. 0 deters ive talked to about that a mapping tool it defines what disadvantaged communities are a legislative term of art for the legislative and the viral policies statewide i told this commission in the past it didnt include bayview Hunters Point but the 3. 0 version finally includes the bayview Hunters Point for tracks for San Francisco that allows the targeting of state
Under scrutiny as china clamps down on unusual movements in the markets. Let us know what you think of our stories. Follow me on twitter at rishaadtv and include trendingbusiness. Downome sales in australia 9. 7 . His is a volatile number lets find out. That number quite a big drop after an 8. 2 gain in june. Trying to see if there is reaction from the aussie dollar. It has fallen further than where it was. It was down. 25 percent, now off by. 3 . Weakness about the u. S. Dollar strength following those hawkish comments from janet yellen over the weekend . The chance of a rate hike coming through from the fed in september . You can check out on the bloomberg. We are seeing most markets under pressure. All stray off by. 8 australia off by. 8 . It is about the strong rally coming through in the nikkei, the yen weakness and governor kurodas comments lifting the equity market. On friday, but solid buying to kickstart the trading week, a different story across asia. Have a look at the asia