This along the holiday weekend. Investors at 27. S p down a fraction treating up this morning the Major Industries look like this. 5100 at a quarter of a percent. Cac and dax down a fraction. Gains across the board. Best performer there. Hong kong continued the momentum up two thirds of a percent. Reagan is overnight. The navy plane crashes near japan with the lebanon board to a people rescued receiving medical treatment. The latest on the search effort this morning. Sad day for the music world. David cassidy has passed, dead at the age of 67. We look back at his career and legacy this morning. Plus, the nfl, the nfls changing attempt on policy by not having players come out at all. While the infamous played. The president treating his reaction. Hes averaged as well. Want to bring some heat to your thanksgiving turkey . Why not try adding some flaming hot cheetos . All of those stories coming up this morning. Fox Business Network they can make towel. Editorial page editor James Freeman
Rotunda on march 1. Global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. This is bloomberg. Emily i am emily chang and this is bloomberg technology. Earnings season continues. We will break down the results at Hp Enterprise at hb inc. Another spacex rocket blasts into outer space. How it brings elon musks vision a faster internet one step closer to reality. We lay out the game plan and the upgrades on tap for apples nextgeneration air pod. Hewlettpackard enterprise and hb inc. Reported earnings after the bell. Inc. Beat estimates. What is think are driving these results . Crawford we have to unpack them. For a long time, hp talked about being better together. This order, they were better up right. You have two companies that have a stronger ability to be noble, a stronger ability to be desta resize their infrastructure, particularly in the case of hpe. This companyf hpi, is performing on all cylinders. They are in a market that is flat f
The fed releasing the monetary report to Congress Ahead of testimony next week. We go to cayla toushy. In the blue print, the new chair sticks to the script touting data base decisions, a strong labor market, and inflation that is moving toward that ever important 2 target. It should be noted that in this report the majority of fed members said they saw inflation at that target by 2019 and stabilizing at that target over the next few years. They did say that theyre monitoring the effect of online retailers and international effects on that inflation level over time. For unemployment, the fed report said that hourly wage growth has been moderate but the labor market is near or a little beyond full employment at this point. For 2018 and 2019, the median estimate is 3. 9 ticking up to 4. 0 in 2020 as for the markets, the fed report pointed out that notwithstanding recent weeks, that is the mention to volatility that weve seen in the markets that equities remain higher and bond spreads hav
Ban rapid fire devices like those used in last years massacre in las vegas. A band could start a legal battle with gunmakers. Paul manafort and rick gates were indicted for a second time. The new charges include failing to report incomes, to the tax authorities and bank fraud. It could put additional pressure on them to cooperate. The late reverend billy graham will be brought to the u. S. Capitol where he will line honor in the rotunda until thursday, march 1. Graham died yesterday at the age of 99. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am Alisa Parenti and this is bloomberg. Emily i am emily chang and this is Bloomberg Technology. Coming up earnings season , continues. We will break down the results at Hp Enterprise at hp inc. Another spacex rocket blasts into outer space. How this launch brings elon musks vision of if after internet one step closer to reality. We lay out the game plan and the upgrades on tap for
In the u. S. At the same time, though, this overseas weakness dessimates the International Worries and its a world turned ugly where we dont know a winner from a loser unless it reports outstanding or terrible earnings. A good number can inch your companys stock higher. A bad one and its katie bar the door. So where will the door be barred next week Going Forward . First up on monday, we hear from estee lauder, which, with its Makeup Products has become the worldwide package good company. Amazing. I know its difficult to fathom owning stock that has 30 times earnings but when you repeatedly post surprises, portfolio seeking growth buy your stock at any price. Of course, we saw what happens if you miss in cosmetics. However, estee lauder is much Higher Quality and i think it can, once again, trump the estimates even as it has moved up in tandem with its own excellent earnings performance. I wish i could say the same thing for this guy, for the retailer that reports after the bell monday