President obama met with the french president at the white house. Both leaders agreed that efforts need to do more to defeat the Islamic State together and demanded serious demand it syrias president out. You can get more of these stories 24 hours a day on bloomberg. Com. Emily this is bloomberg west, coming up, hewlettpackard and life as a single company. Plus, a billionaire catfight in space. For bezos takes the lead the rocket. And sports retailers go mobile. Fans can shop for gear from the comfort of their couches this weekend. Financial swansong for a technology company, hewlettpackard has officially split into two companies this month and today, the last set of combined report. Results were down here over here. Reporting combined earnings of 93 per share. Down 9 fromame in one year ago. Issued key take away separate outlooks for the First Quarter and warned that profit would be lower than expected. Shares for pc inc. Tumbled. They say it expects firstquarter earnings lower than e
Better performing housing sector . We well, it really feels like a santa claus rally is getting under way. Stocks are up for a third day. As we stand, lets take a look at the numbers. The dow is currently sitting at 17,559. It is not break even get for the year but it is up. The s p 500 is one point in the green for the year. Its crossed over that break even line so many times. Were rich, were rich, were rich. I never thought santa was going to come, and i still believe in santa. Oil soaring. New data showing a big drop in inventories. Crude up more than 4 , about 3. 9 for west texas. Highest levels in more than a week. Gasoline up 5 tracking for its biggest oneday gain since last november. Well, as for chipotle, those shares are edging higher this hour by 0. 2 , but the embattled mexican fast food chain has been taking drastic steps as the restaurants try to contain the e. Coli crisis. Morgan brennan has more details on this. What are they doing . On the heels of the outbreak that sic
Stories were watching this morning starting with oil. Wti crude closing higher than brent yesterday. That was the first time of august 2010. Watch for Inventory Data. Well get that at 10 30 eastern time. And break in the last hour a new report coming up from opec predicting that oil will rise to 95 barrel but only in 24 years. Also on tap we get durables goods and personal income and spending and at 10 00 new home sales and Consumer Sentiment but some of the numbers came earlier when the Commerce Department released spend dag at a yesterday. We got november Consumer Spending rising. 3 last month. That came in line with forecasts. Also apple making it easier to nominate a director but there are restrictions. In a new filing that it put in with the sec the tech giant says its going to be eligible to make a nomination. A shareholder or a group of the 20 shareholders must hold 3 of shares continuously for three years. So also the good news there is it prevents some of the shorttermers. 204
Latest from france. Pkg out. North of paris runs 2 04 scott cu more tough talk from president away. Neighbors, many of them muslim immigrants, were evacuated by police and searched. We stopped abdul rushing down the street. He said in arabic that he had witnessed the whole thing. I saw the raid 20 cars pass by here, then five minutes later the shooting started, he said. You heard the gunfire, i asked. I saw it with my eyes, he said. Meanwhile, the police focused on one apartment, on the third floor of this building. That neighbors say is the apartment where the raid targets were holed up. The main target Officials Say was abdelhamid abaaoud, a belgium national. He had gone to syria to join isis. As day was breaking the raids seem to be winding down. But then several explosions echoed through the streets. Its common in situations like this for police to use grenades or small charges in order to set off boobytraps that the suspects may have set up. Police here remained on edge, occasiona
Delays really close to the tri state area and down toward philly. Rainfall amounts havent been that great yet. They are going to go up in a hurry as we close in on an inch of rain by later tonight. You see the yellows moving in to places like newark and teterboro parts of holmdel and also long island as well. Theres another batch down to the south. Heres what you need to know. This heavy rain will go at times until about 10 00 tonight. Then tough travel with street flooding and low visibility all evening long. Were still on track for the big 70s and potentially the all time high of 75 degrees in 1998. It is going to be a very warm Christmas Eve and record breaking no doubt about that. Much more on the updated seven day accuweather forecast. Thats coming up in a few minutes. David, liz back to you for now. The fog is not only delaying flights its also led to a number of cancellations. Late this afternoon flight aware says there were 47 cancellations and 193 delays at Newark Airport had