onto gains today come middle of the range and where we have seen them trade over the us of the session. The nasdaq has gained some steam, up by. 5 . We have an oil rebound that is helping stocks, anticipation of additional stimulus tomorrow from the ecb, and sort of a snapback effect from yesterdays what ended up being pretty sizable declines for the major averages. Lets look at the bloomberg for the groups on the move. A little more green than they were earlier. Now technology is joining energy stocks. Materials trading higher today. We look at oil prices, it has been an interesting day ever since we got the weekly inventories at 10 30 this morning, which saw a built in inventories but a drawdown in gasoline. Looks like there was an uptick in demand for gasoline. That is one of the things fueling the gains we are seeing in Oil Prices Today. There,looking at it health care at the bottom of the list. Julie health care one of the drags, particularly biotech stocks hit it is limiting some
Yelp. Well tell you what to expect from those very volatile stocks. Rob reiner, actor and filmmaker. Hes here with a film written by his son about his own addictions. Sending crude Prices Higher maybe. Deird deirdra bosa is with us. We had to move as we were leaving a wall of smoke was closing in on our location. We had to move quickly. We snapped a photo that i believe we can show you. It looked like this big plume of smoke. Over the last few hours we were camped out near the highway. We saw a long line of emergency vehicles headed into the blaze. It isnt threatening oil sands operation but production is being impacted. Reuters have calculated that at least 140,000 Barrels Per Day in capacity is now offline which isnt huge in the grand scheme of things but a lot of that oil goes the u. S. An alberta official says theyre conducting basic wildfire training. From the looks of it, there have been a lot of firefighters and vehicles heading into the affected area. So who knows how long it w
Something like that. What we are is news dependent. Right now from the first word news desk, vonnie quinn. Vonnie it is jobs day in america, and we expect a gain of 185,000 in nonfarm payrolls or october. The Unemployment Rate is expected to move downwards to 5 . Chair Janet Yellens latest outlook that she said this week that improving Economic Data will make a rate increase a possibility in next months policy meeting. Bloomberg will break down the numbers as soon as it is released. Tighter Security Standards for International Flights are expected from homeland security. Are theu. S. Measures latest fallout from the crash of the Russian Airliner in egypt. British tourists were stranded when british when britain suspended flights in and out of the area. After speculation that a bomb brought down the airliner. The airliner crash 23 minutes after taking off from sharm el sheikh. 15 people are dead and the small town is flooded after a dam broke in southeastern brazil. Homes are buried in
That he is not getting answers about the controversy. Youtube adds marketing features. First though, to our lead. Ibms thirdquarter results, the company saying it turned a 3 billion profit, but revenue was down 14 . This is the 14th straight quarter of yearly decline. Big blue missing wall street estimates on the sales side as it struggles to turn the business around. To refocus on cloud, security, analytics. Ibm reduced its fullyear earnings per share guidance. Tom giles joins me. It does not look good. Do you see something i dont . Tom there are signs of hope, evidence the transformation is happening. It is just not happening quickly enough. ; she wants to focus on cloud, analytics, and security. But revenue in those areas is up, but it is not growing as quickly as it did in the last quarter. Tom when you are the management of ibm, you have to look for the Silver Lining somewhere. The doubledigit growth is a positive sign. The problem the conversion is not happening quickly now. When
Thirdquarter results, the company saying it turned a 3 billion profit, but revenue was down 14 . Big blue missing wall street estimates on the sales side as it struggles to turn the business around. Ibm reduced its fullyear earnings per share guidance. Look good. Do you see something i dont . Tom there are signs of hope, evidence the transformation is happening. It is just not happening quickly enough. Emily she wants to focus on cloud, analytics, and security. Tom when you are the management of ibm, you have to look for the Silver Lining somewhere. The doubledigit growth is a positive sign. The problem the conversion is not happening quickly now. These are potentially some of the lower margins kind of businesses, so profitability will continue to be a challenge. These are valuable businesses, this is the wave of the future. This is the way people will want their software delivered. They want the analytics that ibm is investing in, but it is just a big ship. Turning a big ship takes a