Market from moving forward and hold back american businesses from making important decisions. Leaving a mark. Some of the nations Biggest Companies have been battered and bruised by washington. What are their executives saying about the damage thats already been done to the economy. And singing the blues, ibm the bluest of the blue chip posting a missed revenue today. Sending shares sharply lower after hours that could impact trading tomorrow. We have that and more for nightly Business Report for wednesday, october 16th. Good evening everyone and welcome. An end is in sight barring lastminute snag nobody expects. After days of bargains and stops, a deal has been reached to reopen the federal government and avoid default on its debts. The agreement struck by Senate Leaders reid and mcconnell is a temporary one, a truce, but it meets two goals the white house insisted upon. Get Government Employees back to work and authorize more federal borrowing. The bill needs to pass in the senate an
Stocks set to open higher this morning after another wild day of trading. The nasdaq was down almost 2 at one point before turning green near the end of the day. What can you do to protect yourself in a volatile market like this . We have answers. Shares of bank of america down in the premarket after reporting a First Quarter hit by well a massive onetime loss, 6 billion, related to mortgage settlements. It wasnt all bad news for the bank in the latest quarter and well tell you why. Yahoo soaring after beating estimates in the latest quarter and a lot of that is due to the chinese ecommerce giant alibaba. Outside is the core business still strong. Well talk about that. First up markets set to open higher on a busy day for earnings and data after the roller coaster of a session on tuesday. Nasdaq making its largest rebound in five years. China gdp came in a little better than expected. Helping futures too. Although it was the slowest gdp in about 18 months. But that bounce yesterday, ji
With the suspect. We were asking him to come out and surrender and he refused to do so. Communications started breaking down. To where he was not communicating any longer. The s. W. A. T. Team used a ramming device then gas to force him out. His wife was not inside. The Sheriff Department says this year alone, theyve carried out 1300 he vicks. Eviction autos 99 of the time we do them successfully and safely, which is our goal. And in this case a resident didnt cooperate with the process. The wife had a store in danville. Now, a Business Owner there told us that shed he told them she was probably going move to japan to take care of her father who was sick she. Was in the inside at the time of the incident. Investigators releasing information to help track down the person involve hd in a fatal shooting. Police looking for a car, like this one, its a gold toyota solera. Police believe the car is linked to the death of a 1yearold from oakland. She was shot september 8th outside of a roller
Manager trying to evict him from his home. Good evening, im dan ashley. Were learning more tonight about that homeowner and what ma may have led him to open fire as he was being evicted. The man is a former Investment Advisor who has apparently fallen on hard times. We have proper more on the story. Leanne . They filed for bankruptcy and were just finding out from the Sheriffs Department he used a shotgun to fire at the five people standing behind that door that. Is why hes being charged with five counts of attempted murder. He surrendered after a long standoff. The 42yearold is in jail. Abc 7 news found out he was the owner of an Investment Advisory company. It closed and he filed for bankruptcy. So did his wife, who owned a card shop in danville. Yesterday work to sheriff deputies, a real estate agent, the property manager and a lork smith went to the home to he vikt gonine. The Negotiations Team got involved. We started communicating with the suspect. We were asking him to come out
July. We have the Food Retailers of hire. The organic and Natural Food Company posted better than expected earnings. Multiples shares moving higher. A big story. Checking the price of gold, 20, 21 an ounce. Still a considerable decline, over 1 . Again, on gold. Oil prices also down, but elevated after a 2day run. Crude up 0. 34. The price of 1 barrel of oil right now. So this week right here on countdown to the closing bell, you heard liz claman interview the new ceo of intel about transitioning the company. Still making a profit from mobil and wearable devices, and it looks like analysts are paying attention. Straight to Nicole Petallides at the New York Stock Exchange for more. Reporter hello, lori. You are absolutely right. Doing great today, and it is leading the Dow Jones Industrial average as analysts are vocal focusing in on the strategy here. Now making microprocessors that are lowerpriced, highperformance, cheaper than those that are offered by competitors. That sounds like a