Security. Olivia s party was behind in the polls. The Prime Minister appealed to his supporters. Investors will be listening when policymakers wrap up their two day meeting in washington. The fed may remove an assurance that it may be patient before it raises Interest Rates. Janet yellen is likely to be questioned about the strength of the dollar and how it may affect monetary policy. Oil heading into another bear market. It is down for a seventh day in a row. If fell below 43 a barrel and closed and if it closes at that level it will be 23 offpeak. Inventory probably grew last week. In oklahoma state, they have frozen hiring and salaries. Brendan protesters have burned cars and thrown smoke bombs and rocks into frankfurt. Police responded with Water Cannons and tear gas. These are live cameras. The new ecb building is surrounded by barbed wire and barricaded. Facebook has come up with the way to send money over the web. You can use the messenger app to send money to friends. Facebook
Shares of bilfinger in the red after delivering its fifth profit warning while tapping a new ceo. Facebook fails to find a friend and the stronger dollar as it posts the slowest Revenue Growth in two years and warns from a hit from the green back in the Second Quarter. Lets get to the pmi data for april right away. Came in at 53. 5 versus 54 the month of march and versus 54. 4 in the forecast so this is slightly below expectations and this follows the french and the german numbers which were also a little bit disappointing. Growth seems to be losing some steam in the euro zone. If we take a look at the manufacturing pmi for the month of april, the flash number 51. 9 versus 52. 2 in the month of march. Now that is also below forecast. Were looking for a print of 52. 6. Last but not least i do want to bring you the services pmi. The flash for the month of april, 53. 7. Once again, that is below forecast. Lets get some instant reaction to these numbers with the chief european economist. A
Choice. I want to read this statement. During my own recollection, she says, i made a difficult decision than our coo should leave the company. I appreciate his contributions and wish him the best in his future endeavors. And makes you wonder what happened. She did know what she was getting. Today have to do with the personalities . Does that have to do with the numbers . The numbers do not help the situation. The ad revenue has been down yearoveryear. The share is down to five percent this year from 5. 8 . Google andike facebook have seen their fair share increase. Something was not clicking. I will give her points for calling it like she see that. Sometimes you see reorganization. Maybe the guy goes to lead innovation or something. Creative differences. She is admitting that it was the wrong decision. Moving on. That is to her credit. What might be to her or the boards demerit is what he is walking away with. 14 months on the job. Get this. 109 million. He is making 109 million for 1
It makes you wonder what happened. She did know what she was getting. Yahoo has been down year overyear. Their share of the market is projected to be down to five percent from 5. 8 . Meanwhile, Companies Like google and facebook have seen their shares increase. Dearly, something wasnt clicking. I give her points for calling it like she sees it. Sometimes you see reorganization. Admittingdit, she is it was the wrong decision and moving on. What might be to her demerit is what he is walking away with. Job, 109 on the Million Dollars. He is making 109 Million Dollars for 14 months on the job. This includes what they paid him to leave google, severance from yahoo , his valerie, bonus. Is hisough he salary, bonus. Maybe yahoo sales arent looking good because they are paying people to much. It is clear Marissa Mayers big money. Ome she is focused on talent has been one of her top priorities. Should be. In order to attract these people, they have been paying them a lot of money. It makes you
You are watching the pulse. I am Francine Lacqua live from the Economic Forum in davos. We have a lan up heavy hitters for you today. We will be speaking to the italian governor for ike of italia, the italian bank and then we talk to the union credit ceo. We also speak to the chairman of audi. We have great panels as well. That is coming up. We will hear from the u. K. Prime minister David Cameron. He will be focusing on the economy and job creation. Well also hear from mark carney. Forward guidance, the buzzword here. Jonathan ferro, very excited about all of this. Hans nichols, was outside partying last night or inside partying. Where was he . This looks like quite a gig. He said it wasnt as much of a gig as it looked like but there are multiple parties. Had something from mckinsey, we have a google party, i am not sure which one that is. We will have to get it from the man himself. He will tell us where the action was on friday. Tonight we also have a party hosted by marissa mayer.