Julie hyman has the latest. Fairly positive. Julie the trajectory has declined throughout the day the nasdaq is the big winner today. Now that the ecb and opec are behind us come investors are looking ahead to tomorrow mornings jobs report. Adps jobsimmer from report. Fallingobless claims for the fourth straight week. Volume is relatively light. Overall for the s p, 10 below the 20 day average as investors wait for that data tomorrow. A drop in volume in consumer staples. An increase in tech share volume as well as health care, one of the big winning sectors in todays session. Peeking above the zero line we are seeing at this point lingering earnings and still a part of the story here as we have some winners dimensions they. With sales on service contracts. Also cost cuts. Mcdonalds also with a positive earnings report. Mixedike we are seeing a trade in stocks come if you look at the socalled safety trade, it is not really unanimous. We are seeing some buying of the japanese yen today
Pardon, me 48. 38, and now trading at 48. 64, a lot of the reason that we are negative today is because of the news that opec failed to implement a production ceiling, and concerns out there that there is too much supply in the market, and reasons that crude oil is supported at this point, but that is the main reason to be seeing a e lower session today. Normally the inventory number of iraq would have an impact here. Carl, back to you. Thank you, jackie deangelis. Good thursday morn, and we are live in the code conference in ran chose pal low ver ranchos pal low verde, and joining us is kara swisher, and walt mossberg, and take a bow right now, because it is an amazing conference. And first, elon musk making a ton of headlines, and this is what he said about the rumored plans to get into the car business. I think that they should have worked on the project sooner actually that, but i dont know i dont know, that they dont share with me the details of the production plans. I dont think
High Interest Rates. Sometimes, believe it or not, topping a 300 annual rate. The goal, it says, is to protect consumers from risky financial products. The industry is bigger than many think. Its market size, 39 billion in revenues. According to pew research, about 12 million americans use payday loans every year. There are some 20,000 payday lending outlets nationwide. Even though the practice is banned in 14 states. Thats more than the number of mcdonalds, which is seemingly everywhere, with 14,000 restaurants in the u. S. Heres eamon javers with a look at the proposed rules. Reporter in kansas city, missouri, today the Consumer Financial Protection Bureau announced proposed new rules designed to keep people from getting trapped in a spiral of debt from unpaid payday loans. The bureaus director said the move was designed to protect oftenvulnerable borrowers from what can be painfully high Interest Rates. The very economics of the payday lending Business Model depend on a substantial
Sometimes, believe it or not, topping a 300 annual rate. The goal, it says, is to protect consumers from risky financial products. The industry is bigger than many think. Its market size, 39 billion in revenues. According to pew research, about 12 million americans use payday loans every year. There are some 20,000 payday lending outlets nationwide. Even though the practice is banned in 14 states. Thats more than the number of mcdonalds, which is seemingly everywhere, with 14,000 restaurants in the u. S. Heres eamon javers with a look at the proposed rules. Reporter in kansas city, missouri, today the Consumer Financial Protection Bureau announced proposed new rules designed to keep people from getting trapped in a spiral of debt from unpaid payday loans. The bureaus director said the move was designed to protect oftenvulnerable borrowers from what can be painfully high Interest Rates. The very economics of the payday lending Business Model depend on a substantial number of their custo
High Interest Rates. Sometimes, believe it or not, topping a 300 annual rate. The goal, it says, is to protect consumers from risky financial products. The industry is bigger than many think. Its market size, 39 billion in revenues. According to pew research, about 12 million americans use payday loans every year. There are some 20,000 payday lending outlets nationwide. Even though the practice is banned in 14 states. Thats more than the number of mcdonalds, which is seemingly everywhere, with 14,000 restaurants in the u. S. Heres eamon javers with a look at the proposed rules. Reporter in kansas city, missouri, today the Consumer Financial Protection Bureau announced proposed new rules designed to keep people from getting trapped in a spiral of debt from unpaid payday loans. The bureaus director said the move was designed to protect oftenvulnerable borrowers from what can be painfully high Interest Rates. The very economics of the payday lending Business Model depend on a substantial