Measure. Overnight in asia, you saw similar concerns as markets in both japan and korea came under pressure the nikkei down by 1. 3 , that is a 2 1 2 month low. Hang seng off by a third in europe, you can see similar concerns playing out there the cac is the biggest loser in the major averages declines of over 1. 25 and for stocks in italy and in spain if you want to check out what has been happening with currencies, the yen has been picking up some ground this morning. It is considered a traditional safe haven right now it looks like the dollaryen is at 109. 77, dollar up against the euro. Also seeing a big move in the swiss franc, seen as asafe haven trade. You check that out this morning, but weve also seen gold a little stronger and u. S. Treasuries picking up a bit as well and big news, disney says that it will pull its movies from netflix and launch its own streaming service, it will take several years to complete. Disney making that announcement as it released Quarterly Results
Board. Cac is the biggest gainer of the three major averages up by 1. 1 the dax, up by 0. 9 . The dollar, take a look. Youll see that the dollar is up against the euro, trading at 1. 17 up against the yen at 110. You can check out crude oil prices yesterday a down day for oil you saw oil stocks come under significant pressure this morning wti up by 33 cents to 47. 88 a couple of big stories were watching in the business world, well get to the politics of it all in a second, wells fargo announcing big changes to its board after a tumultuous year for the company. The chairman, Stephen Sanger will be stepping down at the end of this year former fed governor Elizabeth Duke will replace him. Wells fargos two longest serving Board Members are also stepping down. Last night wilfred frost asked incoming chair Elizabeth Duke whether she was confident the banks recent turmoil was over she said its hard to say but what were finding is the better we get at Digging Deeper and looking at various pro
This week defining the future series where im working to connect you with some of the most innovative people and companies in business today, both public and private. How do you escape a dreerry day in the market . Dow lost 85 points. S p shed 85 . You ill tell you how, you come out to San Francisco for the week, thats how. Were talking about all of the companies and these arent acceptable for the wins of the fed and lock of Economic Growth worldwide. We are talking to companies that are trying to win your affection. Either for themselves or for their customers. Theyre not content to just give you the same old same old. They want to give you some things that are bigger than what you need right now. Because they are trying to give you what they think youll need. In the future so you can stay ahead or the competition just beats you. All right . Thats what its about. Think about it like this. Action in the daytoday stock mark set hostage to what some Federal Reserve governor says about ra
Operations which will benefit certain input, but its difficult for a lot of all these companies, even caterpillar, they all have some involvement with oil and gas, especially with all the republic sans of the domestic oil and gas industry. And then theyre not that optimistic, these guys. Theyre not. Its surprising. If you look at what we hear from we talk to economist, things are better. With Capital Spending decreasing. That is the big concern. If you dont see more capital expenditure, youre fought going to see the regulation with randall stephenson, right over there. But its the same story for four or five years where some of our viewers are tired of hearing about taxes and regulation. But these guys look at it every day. They see it. The economy is still growing based on problems with government, based on government helping. We talked about all of that. Well tell you about some of the morning headlines. We have three big stories to watch this morning. An important snapshot on the jo
The whole business to manage your money is made more confusing and difficult because of the arcane terminology and wall street jib rush you hear every day. Youve got to remember that theres an entire industry of people that want you convinced that investing is too hard. The safest thing is to give your money to a pro. Now, maybe that is the right thing for some of you, but if you put in the effort, if you do the homework, the fact of the matter is that many of the pros are just about to your fees. More interested in taking your money than making you money. Look, theyre strong. Theyre like the wizard of oz. They dont want you to understand. If you did, ewe take control of your own finances, and not do the things youre perfectly capable of doing yourself. Pull back the curtain and explain everything. You can comprehend off the mythical categories as long as you have a translator, a coach like me who can explain what the darn words mean. Think of me as the defector. Someone who defected a