Youre watching Market Makers. Its a wednesday in new york city. Wednesday around the world, too. Market maker im wearing pan. This is a much bigger deal than you might think. I could not find a skirt that fits. That is clearly the top story in business and finance. Here are a few others. Shares of target are rising this morning. Posting thirdquarter earnings that beat estimates. U. S. Sales better than the company itself expected. Expansion into canada is showing signs of improvement. The u. S. Is demanding that Chicago Corporation and sutomakers recall all car with these airbags. So far, only cars in states with high humidity have been recalled. Who needs taylor swift anyway . Spotify is expanding and will boost its workforce by one third. They will hire 500 more people while improving software. Artists such as taylor swift have criticized spotify for not paying them enough. Supporters of the Keystone Pipeline said the controversial project is down, but not out. The keystone came up o
2. 5 growth path. On thatean shares fell news. In the u. S. , futures indicate the stocks will be slightly lower at the open. G20 leaders are planning a multitrillion dollar boost to the Global Economy. It wraps up a summit nfl australia by promising to spend an extent 2 trillion in the next four years. Among the promises, china will speed up construction of 4g mobile networks and the u. K. Will build more affordable housing. Vladimir putin left the g20 summit early. The president of brussels said he needed to catch up on more sleep. Maybe he was titled of being paraded over rebels in ukraine. If he continues to stabilize ukraine, there will be other sanctions, and there will be a completely different relationship between European Countries and america, on the one hand and russia on the other. For now, european governments are holding off on posing more sections on russia, but they made blackness more ukrainians for supporting the rebels. The maker of all talks may be sold for more tha
Speculation chinas government will add stemless after inflation reports. Of estimates below 2 . The price of oil has resumed its slump. It may go lower. West texas intermediate fell below 63 a barrel. Brent crude also down. In official in irans oil minister critics the price could fall as low as 40 a barrel. That is if there is a price war or of divisions emerge among the members of opec. The new Federal Reserve relation may be expensive for jpmorgan. They may need to come up with more than 20 billion in capital to meet the new standard. Jpmorgan is a ready facing the highest capital surcharge under International Rules. The bank might have to delay Dividend Increases and stock buybacks. Jpmorgan says it intends to meet the requirements. And the weather watch, we go out west, Northern Telephone in bracing for one of the biggest storms in years. People putting out sandbags. Up to five inches of rain expected starting today and winds up to 60 most per hour. Another danger, but flyers muds
The new Prime Minister of greece is looking for allies. Others want the Prime Minister to stick to the terms of the existing bailout. Here is the finance minister. We have assembled drug addicts craving the next dose. It is not that we do not need the money, we are desperate because of certain commitments and liabilities that we have. Greeces new government wants it written down so i can increase government spending. Peace talks broke down over the weekend. Fighting between ukrainian troops and rebels has intensified. In the super bowl, a miracle finish. A blown play call a few room for seattle. Patriots win 2824. Tom brady was the m. V. P. I watched and i understood the game. I want to break exxon and mobil coming out. Earnings coming in at 1. 56 a share. Oil equivalent production fell 3. 8 . It may be making millions and billions of dollars, but it has a hard time keeping up with production. Earnings did wind out at 1. 56. This past weekend marked an important deadline for General Mo
We are talking about bp, a company under pressure. The oil giant has Just Announced that it expects 1 billion in restructuring costs as Falling Oil Prices and speculation of a possible merger swirl around this business. Lets join our Bloomberg Intelligence expert, philip. Good morning. Very nice to see you. Bp is a country under a company under pressure. Dudley has had a fairly turbulent few years. What is he going to be telling these guys about his upstream operations . I think the bottom line right now is, they are focusing on the big projects in the gulf of mexico, angola, the caspian, and they will try to sell off the smaller assets and the assets that have reduced production volume. Is that a continuation of what they have been doing . It is a continuation and an intensification. With the pressure they have now, it is going to be more pressing and more of an issue going forward. Will they find buyers for some of those assets . Theres a lot of rumors swirling around about m a. Are