Assignment this week. Who is taking her place today . Contestant is bill cohen. Theing me out at all hours, bloomberg contributing editor, welcome. Great to have you here. I am no replacement for stephanie, but i will try. I know you will. The top stories out of business and finance, let us begin with oil prices. The lowest level in 12 years, brent crude is at its lowest level. Also already facing the highest capital surcharge under International Rules and the bank may have to than 20 billion in Additional Capital because of new regulations proposed by the Federal Reserve. The capital boost would not be due until 2019. Wellgan says they are capitalized and intends to meet the requirements, whatever they are. Shares of yum are trading lower. Forecastp their profit for the year. Yum was hurt via food scare in china, a huge source of its profits. Kfc is very popular there. In july they were investigated for altering expiration dates on their meet, not what you want. Beat posted earnings t
The ruble plus fall. Almost 11 butd turned again, plunging to an alltime low of 79 to the dollar. Oil resumed its plunge as well. West texas intermediate brent trading above 60, both of those five years. In sydney, australia, the hostage siege ended in a deadly shootout. The gunman was a selfproclaimed islamic eric cleric from iran. Here is the us join prime australian the Prime Minister, tony abbott. Not only us in australia but tens of hundreds of millions of ple around the world sydney has been touched by terrorism for the first time in years. The mans former lawyer said it was unlikely he was involved in terrorism as part of a group. He was acting alone. In pakistan, and attack by the taliban on a school. 126 people killed, many of them students. A taliban spokesman said that the attack was in retaliation for the killing of taliban tribal members. And they take over in the oil business. Of a takeover in the oil business. All has agreed to buy repsol has agreed to buy talisman energ
We begin with Phil Mattingly and a developing story. The twitter side of the u. S. Military command has been taken over by hackers. It happened a few minutes after president obama finished speaking about cybersecurity today. It became clear the Central Command twitter account has been compromised by individuals or a group sympathetic to the Islamic State. Central command is responsible for all military activities in syria and iraq and afghanistan. Since that has occurred, the pentagon has suspended that account. A spokesperson said they are working to address the situation. A few minutes ago, the white house spokesperson said they are looking into it as well. An Important Note from josh earnest. He said there is a significant difference between a major data breach and the hacking of a twitter account. They were not willing to say what they think it was, but it seemed to imply the white house did not think this was more than the hack of a twitter account. What have u. S. Official said a
And lofiason bank sees profits rise sending the stock to the top of the stoxx 600. Coming up, nobel prize laureate tells us why president putin commands so much power. Announcer youre watching Worldwide Exchange, bringing you Business News from around the global. All right. As anticipated, the eurozone pmi data is just hitting our wires right now. The eurozone august flash composite data coming in at a level of 52. 8, a little below the reuters poll. Reuters forecasted 53. 4. So its actually quite a bit below. Again, its weaker than what we saw in july and its weaker than what the reuters poll anticipation had been. The flash composite pmi data. The output price index, 48. 9. Thats a slight dip from what we saw in july. The flash manufacturing pmi data coming in weaker than anticipated according to the polls again. 50. 8. The expectation was for 51. 3 according to the reuters poll. What were looking at is a flash manufacturing pmi figure for the eurozone, which is the lowest that weve
Volatile day yesterday on good volume. Energy retreating as opec cuts its demand forecast. Yum brands problems continue in china. Cutting their profit outlook for the second time this year. Costco out with earnings, beating estimates. Stocks up more than 20 this year. Looking to add to those gains today. Oil prices sliding again this morning, close to some new multiyear lows. Opec cutting its demand forecast to below 29 Million Barrels a day, more than a million less than the cartel is currently producing. Its actually a 12year low, guys, on demand. Goldman out today saying the tax cut that consumers are getting, not 75 billion like they thought. Now after that opec meeting, its going to be 125 billion. Well, look, its remarkable for 317 million americans. There are Many Companies that when we get to 50 then become different in that theyre not as positive because theres some companies that rely on fuel conservation as a major business. They will not you will not want to conserve fuel a