The Payment Processing Company Getting ready for the biggest ipo of the year. First, to our lead. Just yesterday, it was reported that twitter interim Ceo Jack Dorsey was back for good. Today, recode updated its reporting, saying it is not a done deal just yet. Twitter shares closed down slightly today. Still, dorsey seems to be the top pick for the job, and right now the only pic for the job. So what does it mean for his babies, twitter and square . He has referred to both companies as his children. Joining me from new york, james, an analyst, as well as the david austin professor of management sinan, and Alex Barinka Bloomberg News Reporter , a who covers ideas. Alex, what are you hearing from your sources today about what this means and what it does not mean . Alex i can tell you about the state of play in the last few months. We have reported that, according to our sources, that they were planning on moving forward with the ipo with or without jack dorsey. Our sources told us that
Industrial production. Michigan sentiments at the top of the hour. Theres a look at crude back about 47. Our roadmap begins with ge beating the street on earnings, but what about nelson peltz . Companies such as yung, wyn. Alibaba making a multibillion dollar play for china. General electric up 29 cents a share in the Third Quarter held by demand for jet engines and power turbines. Ceo jeff emmeltz said ge performed well. Oil and gas revenues down 16. Power and water up 1, aviation up 5. I like the quarter. Plain and simple. When i see 4 organic growth, thats going to be among the highest of the Big Industrial companies. Its been the best performing industrial so far this year. I think jeff immelt, the transformation is truly happening and it is real. This is obviously Conference Call, we have the date, we have our reports here. I mentioned that because the Goldman Sachs hadnt been on that and the stock jumped 7 points after we talked about it on squawk. Important to mention. Things ha
Water to address the rise in sea level. And that includes most of San Francisco International Airport and both sides in the bay. More on how one city may align. Reporter 85 of the wetlands here in the bay area have been trained. The process of restoring them is underway, but now, Scientists Say the effort needs to speed up. Scientists say time is running out. Sea levels are rising faster than expected and restoring wetlands is a key to keeping animals and people safe. Climate change is pushing us to work faster. Sea level rise is going slowly. In 2050 or 2070 its going to ramp up, quickly. Instead of relying on levies and sea walls it would be better to let nature do the work. Wetlands can knock down waves, absorb waters and filter pollution. This is getting warmer. The seas are rising. Storms, over time are going to get worse. The only question is what do we do about it. We need to restore the wetlands faster, and redesign how we manage the land and water so streams keep over time. So
September . Its finally here, what many have been worrying about. On thursday, the Federal Reserve will announce the decision on Interest Rates and just possibly the central bank will hike rates for the first time in nearly a decade, the first step away from an era the ultralow Interest Rates. Whether policymakers move is anything but certain. A moon ago, many if not most economists felt the fed was positioned to hike the rates, but that all changed as uncertainty bled over into markets here. Days before the meeting, many are calling it a topup. Hampton pearson looks at the factors the Federal Reserve must weigh. As the countdown to what could be continues, a debate over whether policymakers will raise rates for the first time in more than a decade has become too close to call. Economic turbulence in china in recent weeks and market volatility has jumpstarted the debate over the timing of liftoff. By all the macro fundamental indicators, its about time. I think the debate really is mor
Take a look at our seismograph. You can see when the quake struck around 4 00 this afternoon, hitting just six seconds after a weaker 2. 8 quake struck, leading the usgs to believe it was measuring identical twin earthquakes. A weaker one hit about 12 minutes ago. Theyve all centered around san ramone. Seismologists say swarms like this one are not unusual. And are not any reason for extra concern. They are starting to worry residents, however. Its enough to where im thinking about calling to get earthquake insurance. You feel the house move a little bit. And you think bit. Like, oh, man. You know . That is an earthquake. Residents tweeted as soon as the first quake hit. Mark tweeted a boom shake, and dan said just had another earthquake in Oakland Hills. Sea level rise is going to start accelerating. Faster and higher, there is new concern sea levels in the bay area are heading to potentially catastrophic levels and sooner than we this. Osha believes all of the lowlying areas highligh