Percent. Shanghai stocks down by close to 1 a decline of more than nine tenths in europe there have been some green arrows the dax is up by. 2 the cac is up by a quarter percentage points. Stocks up in italy, spain and london crude oil prices which ended last week just shy of 59 a barrel, check this out right now, down by about 44 cents. Still, wti trading above 58 at 58. 51 a barrel. Now this morning the big news of the day. Publisher meredith buying time, inc. , for2. 8 billion thats the price meredith will pay 18. 50 for time, inc. It publishes wellknown magazines such as time, peopl people. Meredith received 650 million a lot of people raising questions about what this means. Raising 650 million in backing from the billionaire Koch Brothers, charles and david koch are widely known for supporting conservative causes. They say the magazine business is a good investment in the press release koch industry says it will not have any seat on merediths board and will have no influence or e
Below 100 billion from stress testing, so that makes some sense to me. Banks are not systemically important. Between 1 and 250 well do Something Else my strong preference will be that well continue to have meaningful stress testing for them because i think its a successful tool. Ing. Thank you senator warren. Thank you, mr. Chairman so i want to follow up on senator browns questions about full employment as you know Congress Gave the Federal Reserve a dual man date to pursue maximum employment and to keep prices stable the official unemployment rail is now 4. 1 . Many economists are predicting the rate will dip below 4 in the near future, and an Unemployment Rate this low in the past would have been considered full employment which would be good news for the workers that should be accompanied by higher wages. But wages have barely budged so let me start by asking, mr. Powell given that wage growth is so weak do you believe that the labor market is currently at full employment . Full em
Lets see what happened overnight in asia. The flnikkeiclosed down. Hang seng down by 5 points the shanghai composite up by a third of a percentage point. In europe in some early trading, looks like the dax is up by a third of a percentage point. The cac is up bay half py a half percentage point finally check out crude Oil Prices Crude Oil yesterday down by 1. 4 on some questions about u. S. Supply and also doubts about whether russia is going to be cutting output whether it will stick with that. This morning down 1 couple big stories were watching japans softbank offering to purchase shares of uber at a valuation of only 28 billio 4 . Thats a huge drop of the most recent valuation of 68 billion. Ubers board approved the investment in october. It would expand the board and cut the influence of founder travis kalanick. Big question about whether people will tend near this offer. The consortium is led by softbank, and they plan to take a stake of 14 in uber if they dont get it at this pri
Tearing through los angeles right now, driven by fierce santa ana winds and dry conditions. The thick plumes of smoke are so dense, theyre even visible from space. Hundreds of thousands have fled their homes in Ventura County and los angeles. President trump offered his thoughts and prayers to those affected. Schools have canceled most classes and residents are being advised to stay indoors due to the dangerous air conditions. And more evacuations have been issued. Ride hailing app lyft is offering free rides amid fears that wind strength will strengthen today. Scott, good morning. What are you seeing there . Good morning, phillip. Its all about the wind. It kind of comes and goes. But the forecast is for those winds to pick up as the Early Morning hours go on. Thats bad for firefighting. You combine that with all of the dry vegetation. And were talking about a fire risk thats as bad ashe think about it. That 90,000 acre fire thats burning here in Ventura County. Thats 140 square miles
Tearing through los angeles right now, driven by fierce santa ana winds and dry conditions. The thick plumes of smoke are so dense, theyre even visible from space. Hu their homes in Ventura County and los angeles. President trump offered his thoughts and prayers to those affected. Schools have canceled most classes and residents are being advised to stay indoors due to the dangerous air conditions. And more evacuations have been issued. Ride hailing app lyft is offering free rides amid fears that wind strength will strengthen today. Scott, good morning. What are you seeing there . Good morning, phillip. Its all about the wind. It kind of comes and goes. But the forecast is for those winds to pick up as the Early Morning hours go on. Thats bad for firefighting. You combine that with all dry vegetation. And were talking a fire risk thats as b thinbo that 90,000 acre fire thats burning here in Ventura County. Thats 140 square miles, or roughly the size of the city oft 36 hours. And now wi