After many months, maybe even longer, years, of negotiation and uncertainty for business, today marks the start of a new era as the uk is no longer in the eus Single Market and customs union. The last minute trade deal means uk business wont face tariffs and quotas when trading with the eu. But, there are other significant changes which businesses have had just days to prepare for. Are they ready . Joining me now is sallyjones, eys Brexit Strategy and trade leader. Good morning and happy new year to you. Good morning, happy new year. On the whole, businesses we re year. On the whole, businesses were breathing a sigh of relief when we saw that deal brokered just for christmas and of course passing through parliament, so can businesses now move on with certainty this year . Yes, in some respects, but no and others. So, the deal is great for two things, really stopping the first is, zero tariffs, zero quotas on goods moving between the eu and the uk, and the second is it creates a framewo
Morsi. The protesters had been staging sitins at two squares in kir pope Security Forces bulldozed through barricades set up around the camps and fired teargas into the crowds. More than 30 people died. The bloodshed set off protests in other parts of the capital as well as the central city of faiyum. Protesters also attacked government facilities. The interim government replied by declaring a monthlong state of emergency, and it imposed a nighttime curfew in 14 provinces. The emergency measure gives Security Forces the power to detain people without arrest warrants. Authorities appear set to launch further crackdowns on members of morsis support base, the muslim brotherhood. The brotherhood has responded by calling on its supporters to launch fresh protests. Egypts interim Vice President says he can no longer serve in the government. Mohammed al bare ra die quit in protest over the blooding crackdown. Elbaradei tendered his resignation in a letter toed aly monso monsour. He said he co
Temperatures are generally in the upper 50s to low 60s. Theres sunshine in livermore and concord. Therell be more as the day goes on. Before we do that, lets get the latest on the news. Have you heard . The strike is over. This is the sound thousands in the bay area have been waiting for. [ whistle ] we found a bart. Bart trains are rolling again. The union and their transit unions agreed to a temporary contract extension while they continued to negotiate. Trains were back on track as of yesterday afternoon. Right now bart management is in full damage control mode. It give us a chance to earn your trust back. Dpl thank you very much. Bart general manager grace chroni dl gan was out shaking hands at the station in San Francisco yesterday. She was apologizing for the strike and handing out free 5 cards. The Customer Service seems to be working. [ whistle ] yeah. Thats great. That is a smart move and its good for public relations. Now, what is the union going to do . Kpix5 polling found p
Following betterthanexpected earnings from Morgan Stanley and comments by fed chair ben bernanke. The nasdaq added on a point. Gold gained 6 dollars, and oil 1. 74. Tech trading trouble is possible today. Google shares tumbled about 5 on earnings that fell short. Microsoft was also shy. Its stock dropped 4. 5 in heavy trading volume. Detroit has filed the biggest city bankruptcy ever in u. S. History. Motown is struggling with billions of dollars of debt. And, the latest Mortgage Rates declined. The 30year fell to 4. 37 . The 15year to 3. 41 . Chris gersch of altimus capital joins us on the show. Good to have you back with us chris. Good to be back. And the market hit record highs yesterday, but today is options expiration day. Theres a lot going on here. What do you expect . I think were going to have a really scary open, actually. The s p yesterday at the close was just something that you didnt want to be a part of if you were on the bid. I really think that the earnings that came ou
Indicating another tough day for the markets after the first backtoback losses in five weeks for the s p and a fourday losing streak for the nasdaq, but as well talk about with jim in a moment, could clearing the froth be just what the market needs . General motors set to continue lower after its worst oneday performance in over two years that was yesterday and after a report that the u. S. Attorneys office in new york has opened a criminal probe in to the handling or lack of handling of a recall. Continuing fallout from the target breach. New data finds that customer traffic fell to a threeyear low in january. And we talk to twitter cofounder biz stone about the outsized valuations of some of todays startups and whether were in the midst of another dotcom bubble. The s p logged its first backtoback losses in five weeks and the nasdaq posting its first fourday losing streak since august as shares of fuel cell, plug power and tesla took a hit. Cramer sounded off on all of this last nigh