Nigeria. All of this really having an impact on the markets. The Global Markets tumbling after the president s address last night. The futures at one point down by about 100 points. We have seen some improvement, that there are still some pretty sizable declines this morning. Youll see those dow futures down by about 47 points below fair value. The s p futures off by seven points. This is coming after the markets closed lower yesterday. The dow closing at its lowest level since april. The s p 500 closing at its lowest level since may. So again, pressure this morning. This looks like a third week in a row of losses for the markets here. Also in europe, if you want to see how things are reacting, you can see the dax down by another almost. 9 of a percent. The ftse in london off by. 7 of a percent. And in italy, thats the only ed a vancor that were looking at. In asia, the nikkei suffering its worst deline in five months. A decline of about 3 . Shanghai and hang seng saw much more modest
Caught in that building out of there safely. The motive of the gunman is unclear, but earlier, a black flag with arabic writing was placed on the cafes window. Were also going to look at how australias jihadist problem is bigger than this hostage situation. Its midday here in london, 7 00 a. M. In washington, and 11 00 p. M. In sydney where police are 15 hours into a hostage situation at a local cafe in the center of the city. A gunman has been holding staff and customers at the Lindt Chocolate shop cafe in martin place in the citys Central Business district. As you can see from this map, the state Parliament Building is nearby as is the reserve bank. This is usually one of the safest areas in the entire country. There is still no sign of the situation coming to an end. Authorities say they are in touch with the gunman, but its not clear what is behind his actions. The australian Prime Minister tony abbott has described them as politically motivated. The area we know is in lockdown. Po
They go on sale at over 17th. Apple had to first agree to improve User Security and privacy. I have been seeing some of those out there. Back to the big news. Ebay announcing it will separate ebay and paypal the businesses. American express executive dan shulman will be the new ceo for paypal, postseparation. He joins the Company Effective immediately. Bloomberg intelligence paul sweeney joins us now from princeton new jersey. Also with me as skycard is, the founder and former ceo of about. Com. Web 1. 0 as we talked about earlier. Want to turn to you first. You were building about. Com at the same time yuan must was building elon musk was building paypal. You guys were all first generation. This deal makes sense. Jobs growingt paypal. But we are high were going to have a massive disruption. Little card is not as productive as my iphone 6. We use braintree, which is an ebay company. It gives me pause. Ebay wants to use our data. We run a market place, we were ebay runs a marketplace. I
Why google could be turning into movers competitive competitor. Welcome. Will get a chance to see the impact of lower crude prices. Bp reports earnings. The earnings are due in under an hour with the backdrop of the employee pay freeze. The central bank became the latest to cut the Interest Rate overnight in response to the deflationary impact of the tumbling oil prices. We will have more on that. Lets go to Ryan Chilcote in london. I believe that it is snowing outside. You can tell us in a moment. Capital expenditure and dividends. Yeah. What is falling faster . The oil price or the snow. Perhaps it is the oil price. Look, we have seen the earnings and we will be looking at the oil prices and the expectation on fourthquarter profits dropping. Nothing particularly surprising about that. They all reported profit declines and the oil price fell. They have a unique problem with exposure to russia and it will be interesting to see how the ruble the valuation affected profits there. We will
We think over the long term it has served and its in the business judgment of the league that has served it, but as that shows, clubs take extraordinary examples to avoid them. Im going to continue this conversation with you and the other witnesses but now turn to senator klobuchar. Thank you. Thank you very mu. Thank you to all of the witnesses. I thought id start with you, mr. Waldron. The blackout rule was put in place in 1961, is that right . The Sports Broadcasting act was adopted in 1961. The fccs rule was put in place in 1975. Most of the money made by sports tickets came from ticket sales, but today nfl games are consistently among the most Popular Television programs, certainly in my state where were proud of the vikings and with that comes a significant increase in revenue. Cost of tickets has significantly increased. Its a big expense. Do sports teams need blackout rules the same way they did half a century ago . If not, why do we have the same rule . No question that those