This investigation was underway. Breaking wellestablished practice to inform him a significant investigation. We appreciate the report from mr. Swanson, and we are completely prepared to implement all of its recommendations. The report also went after the city administrator and mayor saying they did not press the investigator to find out whether the investigation was conducted appropriately. It also stated they had a process that was inadequate. There were no checks in place. There have been many changes in this Department Since we were here with you roughly a year ago. There will continue to be changes. The report had nine recommendations, all of which the city plans to implement. One of the things the city implemented is the internal Affairs Division reports directly to the chief. Ktvu fox news. We asked our legal analyst for his reaction to that report. Hes representing several of the officers involved in the scandal. It certainly points to the fact that this committee doesnt think
Central bank caucus trade. Selling continues in 10year german bunds. 3 isg dollar, cable up now on track for the seven day winning streak. Of by over 100 basis points. The one thats not participating in the central bank trade you have dollar higher, yen lower. Because kuroda is not on board. Anna have we made too much of what carney had to say . Time for your morning brief. Some u. S. Ego up data including the third reading of First Quarter gdp and weekly initial jobless claims. Fed president James Spurlock speaks in london. We will rate his disapproval of the pace of rates currently priced in by the fed. At 6 00 President Trump will meet south koreas new president. House. At the white they will be talking trade, geopolitics. Breaking news. Have a merger. Rite aid eight and walgreens are mutually agreed to terminate that merger. Really Interesting Development for the companies. You wind up having walgreens up by over 1 in premarket. Right eight seeing a nice pop as the merger is termin
Join the fun run. And, boy, has it. Today, the dow scored a small gain, but it was enough for the industrial averages ninth Straight Record close and tenth consece overall gain. Not much left to add to that, so lets get to the numbers. The dow rose 25 points to 22,118. Nasdaq added 32. And the s p tacked on 4. It also closed at a record. While we sit at record levels, theres always concerns that the market is too pricey, but noted investor leon pros havent he doesnt thin gotten too far ahead of themselves. I think the market is fully value on fundamental basis. E eu. Optimism for sure. Look at all the strategists that make a forecast a year out, nobody has a down market which makes you scratch your head and worry. Cooperman also said his firms biggest position is in googles parent, alphabet. Alphabet falls into that category of big name highmomentum stocks. That group has been a major driver of the overall market, but they slowed just a bit in recent weeks. Theyre not alone. Other soca
Will they face unanimous opposition . Shery it is it 00 a. M. Across the emirates. This is Bloomberg Markets middle east. I am Tracy Alloway in dubai. Salamat. M rishaad we are seeing gains across the board looking at the gym and function we can see that Equity Industries are to the upside. What we do have our currencies in focus. I do want to discuss one market to watch out for and it is the karachi stock exchange. Down 2. 1 in the session on monday. That is taking it to near a 20 decline so far this year. That would indicate it is in the bear market. This is being compounded by the move into having emerging markets status, a lot of money got pulled out. It is a small fish in a big pond. But watch the stock. After comments made by donald trump where he singled out text on as a country that needed to get its house in order. That is one thing to keep an eye out for. The Prime Minister removed from office and there is a bit of uncertainty at the top. It is a day where screens are in the
The programme. Turning back time on a family business. Later in the programme well speak to the young entrepreneur whos hoping to revive the watch making company set up my his ancestors. And according to the trade union congress, todays the day that an average Chief Executive in the uk has earned as much as an average worker in a whole year, so we want to know, are they worth it . Just use the hashtag bbcbizlive. Welcome to the programme. In a few hours well receive the latest Inflation Figures for the Eurozone Economy. The block managed growth of 0. 3 in the Third Quarter of last year and a sustained rise in prices could lead to the scaling back of the European Central banks de facto money printing program. As you can see here, there has been a marked improvement in the rate of inflation for the block and in yellow you can see the 1 Inflation Rate that economists are predicting for the last month of 2016. Although this is still some way below the European Central banks Target Ofjust u