Intel gave a fourthquarter outlook that was seen as strong, pushing shares of the company higher. We bring you our conversation with the ceo, bob swan. The first to our top story. Piling ons of critics facebook blaming it for altering the news industry, the social network is trying to make nice. On friday, facebook launched its by and, articles chosen its news tagged tab. There are more than 200 publishers on board. York, mark new zuckerberg outlined another way for news organizations to make money. You can run your own ads and get one is percent of the revenue or use our ad network which we have a lot of and people working to try to build advanced technology for this and there, we give the vast majority ,f the revenue to the publisher but what we have really unlocked is a Business Model where it makes sense for both parties. To discuss in washington, it is daniel coffey, Senior Vice President of News Media Alliance and kurt wagner. Give me your first thoughts. This is like the 10th ti
Pushing shares of the Company Higher on friday. We bring you our conversation with the ceo, bob swan. But first to our top story. After years of critics piling on facebook, blaming it for altering the news industry, the social network is trying to make nice. On friday, facebook launched its news tab. It will feature articles chosen partly by employees and the company says it will be free from editorial guidance from facebook. There are more than 200 publishers on board. Some, being paid more than 1 million for their involvement. Speaking in new york, Mark Zuckerberg outlined another way for news organizations to make money. You can run your own ads and get 100 of the revenue or you can use our ad network, which we have a lot of engineers and people trying to build a really advanced technology for this and there, we give the vast majority of the revenue to the publisher, but what we have really unlocked here is a Business Model where it makes sense for both parties. Taylor the Senior Vi
Game of thrones reigning once again crowned the winner for best drama at the emmys what a look at the wins and upsets on t. V. News. Im brian thomas great to have you with us the worlds oldest travel Company Thomas Cook has collapsed after failing to secure a last minute ballad more than half a 1000000 people worldwide are currently on holiday right now with that group the u. K. Aviation authority is beginning an operation to bring home some 150000 british customers stranded abroad the collapse of thomas cook puts 22000. 00 jobs at risk around the world 9000. 00 of them in the u. K. Alone. If customers passengers have a flight booked out from the u. K. Today unfortunately your flight has been cancelled supplies dont go to the please dont go to the airport if youre overseas on a thomas cook holiday then you can continue to enjoy your holiday the cia is launching. This is the largest repatriation since the 2nd world war and we will be bringing home everybody. Back to the u. K. As close a
Inventory data at the bottom of the hour. Brent crude holding just below 59 a barrel. Snapping a two day win streak, i would not call that weakness but moving slightly lower. Guy you and i are of the same mind because i think we need to just view the rally that we are getting in equities with a little bit of wariness and weariness as well. We are basically where we were three days ago. People have been getting excited about this rally this morning. I think you take a look at the mediumterm chart, maybe you would get a little bit more perspective about that view. We are up by 7 10 of a percent. European stocks are up a little bit. One thing i will say is the sector breakdown eventually, the sectors that are winning today are the ones that are most exposed. The stoxx 600 up by 1 10 of 1 . We are seeing some of the market currencies, the rand and the ruble trading reasonably strong. The east africa rand is up. Our top turning down to story, china reportedly still open to a partial trade d
Cut wall streets Immediate Reaction was pure suspicion. Oh, he doesnt have the heart in the rate cut hes not as worried as he should be hes being dragged kicking and screaming to this rate cut because things are weaker overseas, not here thats why the averages initially got hammered before the market peoplely came to its senses later in the afternoon. Dow only closing up 36 s p advancing 0. 03 and nasdaq declining 0. 11 . The u. S. Economy does have a lot of strength. It does. The rest of the world does have a lot of weakness so we got what pundits were calling a hawkish cut. Theyre so clever, meaning its the last rate cut or maybe the penultimate rate cut apparently that wasnt enough for some money managers. What do they want they were so disappointed they wanted to be surprised and wanted powell to tell us hes enthusiastic about easing and it will find a way to strongarm the others the bulls wanted Bill Belichick fed chief, okay. Lets get this done. Do your job chairman who wont let