Retailer tesco to announce it overstated profits by over 400 million. The g20 finance ministers are wrapping up meetings in australia saying they are close to adding an extra 2 trillion to the economy, but the group is warning that europes slowdown remains a major stumbling block. And it is playing out if we take at what is happening with the u. S. Equity futures. Right now the dow futures are down by 28 points below fair value. The s p futures are up by 7 points. Although, andrew, this is an improvement from earlier this morning. Yes, it is. Thank you for that. As joe was telling us, it is a merger monday. Its already shaping up to be a busy monday for deals. Just crossing the tape this morning, germanys merck buying sigmaaldrich. That company is valued at 17 billion. Thats a huge deal. We have both executives from both companies to join us first right here on cnbc and well have that interview at 6 40 a. M. Eastern time. Also, it is official, siemens is buying u. S. Oil field maker dr
How will the plunging Oil Price Effect statoils earnings . Plus the first interview of the day with the chief executive. Social climbers. Twitter and linked in shares soar after beating estimates. Welcome to countdown, i am mark arden. Barton. I am manus cranny. The u. S. Nonfarm payroll figures. We infer those. In the meantime, lets give you the numbers for stat oil. They are breaking across the terminal. He will be made with me a little later. Net income for the fourth quarter. Comes in at 9 billion kroner. The key is the dividend will be flat for the first three quarters of the year. The dividend remains for the first three quarters, no change. Capital expenditure, the other key issue. The trend is the same at statoil. A Capital Expenditure program reduced. 218 billion this year. The Cost Reduction program they will lift. To 1. 7 billion. Lift that to 1. 7 billion. They will provide total cash improvements of around 5 billion. The dividend remains intact for the next three quarters.
Good morning, everyone, welcome to the it San Francisco board of supervisors budged and finance subcommittee meeting for wednesday , april 1, 2015. My name is mark farrell, i will be chairing this meeting, joined by supervisor katytang, joined by supervisor mar and supervisor scott weiner. Madam clerk. Yes, mr. Chair, please silence all cell phones and electronic devices, completed speaker cards and copies of all documents to be included as part of the file actions today will be appear on the april 7 board of supervisors agenda unless otherwise stated. Colleagues, we were going to go in order today. We have a hearing as item no. 1, all though there was, apparently i just realized there was one item held over from last week because that was completely cleared up, so were going to take one quick one out of order, item no. 4. Item no. 4, ordinance appropriating approximately 11. 5 million for the renovation, repair or construction of parks and open spaces and recreation and Parks Departme
Cloud storage space. Yes stand by for another title wave of earnings coming after the bell tonight. This time its facebook ebay qualcomm and at t, some of the many big names set to report results tonight. Well, of course have the numbers as soon as they hit the tape and the market responds and the guideance and all the good stuff that comes out. Another big story, another big name set to report its results, petrobras had to delay numbers for months because of an enormous scandal. Michelle carusocabrera is in rio de janeiro. Ten years of corruption. What an incredible story. May have robbed them of billions of dollars in assets. Well get to that story coming up in a little bit here. Lets show you how were doing on wall street today. S p is up 10 and the nasdaq continues higher. This would be another close above 5,000 today. And i know you were noting kelly, that the nikkei hit a milestone last night as well. Thats right. Closed above 20,000 for the first time in 15 years. Notably japans
Electronic devices, completed speaker cards and copies of all documents to be included as part of the file actions today will be appear on the april 7 board of supervisors agenda unless otherwise stated. Colleagues, we were going to go in order today. We have a hearing as item no. 1, all though there was, apparently i just realized there was one item held over from last week because that was completely cleared up, so were going to take one quick one out of order, item no. 4. Item no. 4, ordinance appropriating approximately 11. 5 million for the renovation, repair or construction of parks and open spaces and recreation and Parks Department for fiscal year 20142015. Donna is here to speak on this item. Supervisors, good morning, a very brief presentation on a fairly routine item, supplemental appropriation of the 2012 parks bond. Of the roughly 160 million given to us by voters we have now, we did a first sale of about 53. 2 million after the election. Today we have spent approximately