Electrics real estate holdings. Blackstone has built the Largest Global Real Estate Investing business, overseeing 81 billion as of last year. For ge, the strategy of unloading assets, ge shares rose on the news. Irans Supreme Leader has refrained from endorsing the framework of the deal last week. The ayatollah said he was neither for nor against the deal. The ayatollah did insist sanctions be lifted as part of any final agreement. California regulators ordering the states largest utility, pg e, to pay 1. 6 billion for failures under the National Gas Pipeline explosion that killed a bunch of people in 2010. Is the largest in history. More than 2400 safety violations in the decade leading up to that san bruno blast. The Company Faces a billion dollars in potential federal criminal fines. And global pc sales are falling again. They fell 5. 2 in the first quarter. The decline as corporate budgets are cut and consumers are facing an increasingly valued smartphones and tablets. Management
Just when Edward Snowdens revelations came out. He is now the ceo of iron at, a Cyber Security consulting firm. Here he is in an interview with emily chang. We have seen in the last year, exploits against target, home depot, the attack against sony, when you look at it, the changing landscape is growing significantly. Part of that is attributed to the rapid change in Technology Part of it is treated to the Global Landscape when you look at what is going on with russia, iran, north korea. And terrorism, all of those combined this a tough area, and one where i think good thoughts about conferences like rsa, we need Tech Companies to come together and figure out a better way of addressing these problems. We have not done that yet. Is everyone is being attacked, the solution that the cyber teams are putting together is insufficient. So i think one of the good parts about being here is looking at addressing new ideas, wrestling with those and seeing how you could partner more together and p
Down by 11. We have a couple of stories were watching this morning. Earnings central today. Quarterly results before the bell from dow component ge and honey well. Also Economic Data is going to be front and center because at 8 30 eastern time well get the Consumer Price index and then at 10 00 we get consumer sentiment. Also the Spring Meeting of the imf and world bank taking place in washington. Among the headlines greeces finance minister is promising to compromise in loan talks but also pushing back against some of the reforms. Greeces borrowing costs soared this week amid growing fears of a debt default. You were watching some of the bond yields for greek bonds. They skyrocket to the highest level in ten months. The yield. The price has dropped. I was focussing on my you werent listening. I was focussing on hitting this out of the park with the stocks to watch. Lets hear it. Batter up. I have often thought about that pause some people have aspirations. They can go to general news
Cory all over the middle east to africa to board ships in europe. Relatively optimistic. He is not confident inflation will incline. Speaking at the monterey summit at bloomberg headquarters today. The Unemployment Rate is still too high. The inflation rate is too low. Because the Economic Outlook is tos uncertainty, i cannot tell you when it will occur. It is data dependent. Cory optimistic about the u. S. Economy for a number of reasons including growing consumer confidence. Ge in talks with wells fargo and other companies to sell its commercial lending business according to the wall street journal. The commercial lending business provides loans to midsized u. S. Businesses. Last year, they said they would exit most. An action could raise 2 billion euros in extra cash that greeks could use a Russian Energy giant will get an energy trust complaint from the European Union this week. Sent a statement of objection this week after a twoyear investigation. Looking at whether the company un
Cory still to come, whatsapp since its site on one billion users by the end of the year. We talk about the deal that never was. Some interesting comments from it you elon musk. But first, a check of your top headlines. As this could be valued at 1 billion despite world gas prices. According to people with knowledge in name matter. A company in canada they have been unloading gas assets to focus on heavier distillates and Oil Petroleum products. A strong earnings profit in the first quarter, just under 10 billion. Here is Ceo James Gorman on the earnings call. James gorman we continue to execute against the benchmarks previously established to and will remain focused on them for the duration of 2015. Cory he has been relying more and advising what we clients. Well, the fugitive who claims he has been owning half of facebook has been denied his claim of half of phase. Whatsapp now has 800 million users. It now has more users than any other messaging app including facebook messenger, but