The food Group Warning it could miss targets again this year well be speaking to the ceo in just over an hour. And italys Prime Minister fights for his political future. A challenge from within his own party destabilizing the countrys Coalition Government. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. And warm welcome to the show. Well be out with jules in rome in just a few seconds. First of all, lets get the latest on the ias incident every national report, the International Energy agency. Theres bitterly cold weather pushed up demand for heating fuels. Total oecd industry stocks plummeted by a further 66 million barrel necessary december. Global supplies are falling to 92. 1 Million Barrels a day on lower nonopec output in january. Supply from opec rose marginally in january. Growth rebounded the second half of 2013, but nonoecd countries still accounted for more than 90 of Global Growth of 1. 2 Million Barrels a day as a whole. Thats
I think we should give full disclosier first. Comcast is the parent of our company, cnbc. By the way, the ceos of both companies, they were be joining david faber right here on squawk box coming up at 7 00 eastern time. Ive already had i was walking and thinking im going to leave this show with neither rain nor sleet nor dark of night. And i saw that was written into the prompter and i thought for a second, whose motto is that . The post office. Who wants to compare comcast to the post office . No one wants to be compared to the post office. I get my mail every day. You once talked about how effective they were and then we talked about they lose 8 billion a quarter. I want the post office toen continue. And i certainly dont want to make any postal workers mad. Should we talk about this . I think we should talk about it now. Its worth talking about. It has a lot of ramifications. Did we just pull the rug out from under them . I think charter eped it to be done, right . He wanted someone
As for the tenyear note yield, a couple of days now after yellens testimony. Shes coming back soon, too, though, right . Tenyear note has moved up of late, 2. 743 . Lets take a look at europe. See how we performed there. As you can see, weakness there perhaps following probably some weakness here in the United States. And that is where we start with the deal that will create the Largest Cable Company by far in the u. S. Comcast the parent of Nbc Universal agreeing to acquiring Time Warner Cable for 45 billion in an allstock transaction. The deal values time warner at roughly 159 a share, before we open trading this morning. Of course. Comcast shares may be down ever so slightly. We will city. Of course, that would impact the value of the deal. The deal trumps Charter Communications recent offer which was 132. 50 a share in cash and stock and had been firmly rejected by Time Warner Cable. Charter earlier this week, of course, nominating 13 people to be on the board of directors as it be
Reporting a 57 drop in Second Quarter profit as production slide. Change of feelings in j. C. P. Bouncing back after falling yesterday. The retailer refuting published reports about cuts in its financing. And whole foods beats on earnings but the sales growth misses expectation. Well talk to the coceo walter robb later this hour. First up, coming off an upbeat july, futures show a strong august adding to the positive sentiment, claims lowest level since early 2008. Not participating, though, is exxon. The dow component with an earnings miss. Profits falling 57 in the Second Quarter. The Conference Calls not until 11 00, jim, but there were no big onetime items. A little confusing . Exxons become a very plodding company. I always like to rate the Oil Companies by the Production Growth because in the end the companies can be growth stocks. Eog, how can you compare the two . Were a Global Company but you get lots of cash generation from exxon. You got 4 billion in buybacks. They spend for
Offer from michael dell but the question is will shareholders agree when that vote is taken, now schedule not from today but for a month or so from now and escaping the group. A now power lunch production profiling men and women who have had it with their day snobs. They are instead finding ways to to cash in big time. A great story, ty. Cant wait to sayre that. Lets look at the back of the not so super jobs report and what its going to the market. Dow jones industrial average off about 17 points, s p 500 down a fraction trying to edge towards the unchanged level. Nasdaq positive and the russell 2000 down just a fraction. The gold market last i checked turned mildly positive. Brent crude trading down half a percent and the yield is 2. 62 but the yield has been all over the map. Lets explore the benchmark tenure. Lots of ups and downs, traders committing and taking it back and recommitting. Lets see what will happen over the weekend starting with bob pasini right on the chart. Its amazi