Its deal with nokia makes sense. Alibaba is looking to invest in micromax with negotiations under way. Good morning. Welcome to the show. We have the norwegian central bank. 7 out of 13 economists expected a 25 basis point cut but we didnt get that and as a result of that were seeing the norwegian crown rising. The developments in the norwegian economy have been wrongly in line with the march projections. The krone strengthening after that position. Also saying from the info received recently still prospects, the key policy rate will be lowered so still maintaining a fairly dovish bias here. Of course this is norway western europes organization. Its been hit by the fall in oil prices we have seen. The rebound in oil prices reducing the chance for the central bank to cut rates. Rates leaving at a hold and potential rate cut in the month of june. You can point out that norway has been not just hit by the drop in oil prices but dealing with unemployment very high and surging house prices
One company said its estimates missed and profits have been sluggish. This is the most its fallen in five years, 28 . After doubling over the last year. Other companies fell 12 . X 113 . So how big a warning sign is this for the 3d Printing Industry . What is happening here . 3d systems came out. Much excitement because they were talking about Consumer Usage of 3d printing. They said were going into the consumer space. Were shipping a lot of printers to staples. They said its because were spending so much in marketing and this consumer marketing is costing us a lot. They recognized a lot of revenues for sending these printers to staples and they said actually we have a consumer slowdown in a business that is brand new. What are they hoping consumers will print. What could i use it for . If you needed a coffee cup and you had about three or four hours. I could print my own. You have to design it, the coffee cup or gun or airplane part in case you need one of those. No, thank you. This i
The financials, names like bank of america and jpmorgan hit highs and pulled back by the end of the day like the s p 500 that broke tho with a new high today and now finishing in the red. Liz the closing bell, cant ignore general electric, a leader on the dow, up more than 3 selling off what it owned of nbc yon veer sal, and here we go, the closing bell rings right here on wall street. See how stocks are finishing up, ashley, and the dow came off the close here. Not bad. Who came back was the s p 500 punching into positive territory by a fraction as the numbers settle. Could change, but focus on the nasdaq, not a huge move of 10 points, yesterday, the nasdaq was lagging. Today, moving higher and seeing a bigger move at the end of the session. Ashley mcdonalds weighing down the dow with the higher minimum wage. Groceries a move to the downside. Ten year yield rising four points closing above the 2 mark, hitting the highest level, by the way, in ten months. Liz financials were one of the
Continue. Protests in the wake of the goernlz verdict. Los angeles protesters blocking traffic and breaking windows. Race not an issue in deliberation, that claim from one of the jurors. George had a right to protect himself. Eric holder looking into filing criminal civil rights charges. Showdown today on capitol hill. Republicans continue their filibuster of president obamas nominees. Democratic leader harry reid has threatened to invoke the Nuclear Option allow an executive nominee to be confirmed by a simple majority. At least seven dead in egypt following clashes between supporters of former president Mohamed Morsi and the police. Expected to intensify, nine states under heat advisories from the northeast to the middle of the country. Stay in the ac. Thats all you can do. The president of man make claimed his country seized a north korean ship with undeclared military cargo. Shot a tiger. Filmed diving to the bottom of the baltic sea. Has won the home run derby. Heard of the term b
The proposal would require drivers training, background checks and insurance coverage. Rideshare operators are supporting the rules, by the way. Cab companies are opposed. Standardized tests as we know them may soon be out in California Public schools. Today, state schools chief Tom Torlakson and concord assemblywoman Susan Bonilla will discuss replacing the pencil and paper star tests. The new tests will be done on computers similar to common core programs used in 45 other states. President obama is now in russia where he will spend a couple of days in st. Petersburg at the group 20 economic summit. He just arrived there a short time ago. The white house says the president will not meet one on one with russian president vladimir putin. That personal meeting was canceled after russia granted temporary asylum for edward snowden. While the president is overseas, more lawmakers here at home are getting behind his plan for military action against the syrian government. More now from cbs ne