Nightly Business Report for thursday, december 4th. Good evening, everyone. Wall street was talking about mario and the World Economy today. Were talking about mario, the head of europes central bank. Investors are disappointed that he said he will wait a bit more before launching a stimulus plan to boost europes economy. Those droggy comments the bomb buying program known as quantitative easing. Theres hope that droggy will announce other stimulus measures if needed earlier next year. Stocks sold and rebounded ending with modest losses. Dow lost 12 points. Nasdaq down 5 and s p off by 2 points. Steve liesman by the central bank and how they impact here in the u. S. And around the world. Reporter a confusing press conference by mario droggy that weakened the gyyour euro and t strengthened it. Lets go through what happened to see if investors can figure out for themselves. Made dubbish comments when saying increasing the size of european Balance Sheet is a matter of policy now. Rather t
I am mark barton. 6 00 a. M. Ingone london. Lets get the one of our top stories this morning. Mary draghis speech in jackson hole a few weeks ago shocked markets when he said we would use all the available instruments to ensure price ability in the nearterm. Central bankean take any action today . Manus cranny joins us now. Good morning. Why do the work yourself when our colleagues at Bloomberg News have done it coming out with all of these fabulous questions. Will they do anything . Will they take action . An analyst from bnp paribas and he said he would be foolish not to take some form of action. Not the solution, and to dont, qe, but aping demonstration that they do not want to lose control. Thats what today is about. It is about signaling and posturing. Lets have a little of the look. Best Case Scenario is no change in rates. That is what most would suggest. I put together a short its board of what could happen. Assety just get some backed securities but im doubtful. In aweek we sa
To have al be able reusable dragon capsule. Reversingnership slumping sales. The company just launches brandnew mario kart 8 game and players will be able to drive a mercedes for the first time. Nintendos mario or her also appears in a mercedes commercial in japan as nintendo tries to make more money from licensing. Of the day Steve Ballmer have something new to get excited about and retirement. The former microsoft ceo known for his emotional speeches during microsoft events, jumping up and down, has reached a deal to buy the l. A. Clippers for 2 billion. That shattered the record for an nba team. 550previous high was Million Dollars pay for the Milwaukee Bucks this month. In a statement, ballmer says i love basketball and i intend to do everything in my power to ensure that the clippers continue to win and win big in l. A. Signed the agreement with the Sterling Family trust, which moved to sell the team after owner Donald Sterling was banned from the nba for life or making racist rem
Saying it should be ready in two years. Allow you tolegs land anywhere on earth. Nintendo is hoping a partnership can help it with slumping sales. They launched their mario kart and players will be able to drive a mercedes for the first time. The mario character appears in a mercedes commercial in japan as nintendo tries to make more money. Day. R lead story of the Steve Ballmer is going to have something new to get excited about and retired. Known foricrosoft ceo his emotional speeches, jumping up and down, has reached a deal to buy the l. A. Clippers for 2 billion and that shatters the record for an nba team. The previous high was 550 million. R said i lovellme basketball and will make sure that they win big. The Sterling Trust moved to sell after Donald Sterling was banned for life for making racist remarks. The best the big question has ballmer overpaid . Jon erlichman is in l. A. And former president of the Golden State Warriors thank you for joining us. First of all, what kind of
Years. It is reusable and it will have legs allow you to land anywhere on earth. Nintendo is hoping a partnership can help it with slumping sales. They launched their mario kart and players will be able to drive a mercedes for the first time. The mario character appears in a mercedes commercial in japan as nintendo tries to make more money. To our lead story of the day. Steve ballmer is going to have something new to get excited about in retirement. The former microsoft ceo known for his emotional speeches, jumping up and down, has reached a deal to buy the l. A. Clippers for 2 billion and that shatters the record for an nba team. The previous high was 550 million paid for the bucs. Ballmer said i love basketball and will ensure that they win big. Ballmer signed the agreement when the Sterling Trust moved to sell after Donald Sterling was banned for life for making racist remarks. The big question has ballmer overpaid . Jon erlichman is in l. A. And former president of the golden state