Expected machinery data as the nikkei hits the highest level since december 1996. And at least 17 people are dead and thousands of buildings are destroyed as a series of wildfires rage across Northern California good morning glad youre with us on this wednesday. Its the morning after we heard that speech from mr. Puigdemont in the Catalan Parliament it was a climb down. Yes, he did say the country or the region wants to go for independence, first he wants to go back to madrid and start talks. Whether that will materialize is the big question the reaction in the market is mixed. We are not seeing a huge rally on the stoxx 600 yes, were seeing a rally on the ibex 35, but its not transpiring into a much bigger risk on rally in the rest of europe were down when it comes to the ftse 100 the cac 40 lower to a quarter. Once again want to draw your attention to the ibex 35. Its up close to session highs, up by 1. 25 . This is after catalonias leader Carles Puigdemont stopped short of declaring
Getting through as many as we can. Its a jampacked two hours. Why niles shorts amazon on the back of the deal, and former walmart ceo, bill simon, why walmart has more to worry about other than amazon. Bill miller, a bull on the stock, and talking to him about valeant, and alexander accosta reacting to President Trumps comments on cuban policy lets get to it we have details of the amazons deal to buy whole foods and what it means for rivals. Mike, this is a little bit of what it means because ramifications have many, many ripple effects, but the deal to buy whole foods makes it amazons biggest acquisition to date, and one thats royaling grocery and retail stocks. Amazon says it will maintain the whole foods brand with the ceo and cofounder somedaying at the helm, for now. The overlapping is high already, and the stores are are located close to many amazon distribution centers, which is an interesting point the partnership certainly arms whole foods with logistics and data expertise, an
Tillerson is already facing criticism for his s close ties o russian president Vladimir Putin and for exxons role in covering up the link between burning fossil fuels and Global Warming. We will speak to a number of guests including Bill Mckibben, cofounderer of 350. Org. Mr. T tillerson was boasting about how the company was going out and making new finds oil in new places around the world. We h have fifive times as much carbon in our reserves already as we can burn. Ththe idea with should celebrate the expiration for new hydrocarbobons at this pointnt t is passed irony that some dark place that i dont really have a name for. Amy all of that and more, coming up. Welcome to democracy now , democracynow. Org, the war and peace report. Im amy goodman. President elect donald trump is expected to name exxonmobil Ceo Rex Tillerson as secretary of state. The selection prompted outrage and condemnation among environmental groups. Exposes by Insideclimate News and the Los Angeles Times reveal
Tillerson is already facing criticism for his s close ties o russian president Vladimir Putin and for exxons role in covering up the link between burning fossil fuels and Global Warming. We will speak to a number of guests including Bill Mckibben, cofounderer of 350. Org. Mr. T tillerson was boasting about how the company was going out and making new finds oil in new places around the world. We h have fifive times as much carbon in our reserves already as we can burn. Ththe idea with should celebrate the expiration for new hydrocarbobons at this pointnt t is passed irony that some dark place that i dont really have a name for. Amy all of that and more, coming up. Welcome to democracy now , democracynow. Org, the war and peace report. Im amy goodman. President elect donald trump is expected to name exxonmobil Ceo Rex Tillerson as secretary of state. The selection prompted outrage and condemnation among environmental groups. Exposes by Insideclimate News and the Los Angeles Times reveal
Morning. Where oil prices could be headed next, in a moment. Shares of hewlettpackard enterprises rallying on a report this afternoon that private equity firms may be targeting it for a buyout. Well hear from the reporter that broke that story in a few minutes. Lets start with earnings trouble in the oil patch. Bob pisani, big misses for chevron, as well. Yeah. Enormous write down. The stock prices right to the actual numbers here. Exxon and chevron both reported much bigger missing than anticipated. In the case of chevron, reported an enormous write down. 2. 8 billion for projects just not economically viable at the current price of oil an apparently they dont think viable for a listening time to come if ever here. You see price reactions fairly modest. Let me explain the pickle a lot of Big Oil Companies are. And use exxon as an example. Cash flow 4. 5 billion. Care enough. The Capital Spending 5. 2 billion and the Capital Spending is more than the cash flow theyre getting. They have