Unbelievable whether it is mna, the fed cracking down again on the biggest banks in america. The list goes on. Time for the top business stories from around the world. Walgreens joining those who up agreed to by Companies Overseas this summer. The drugstore chain says it will not move his headquarters from illinois when it requires acquires the group. It may take action to limit use of the socalled tax aversion. Time warner has news of its own. The day after Rupert Murdoch said it is dropping a takeover posted earnings that beat estimates. Time warner says it will buy back 5 billion of shares. Shares are down about 10 in early trading. As shakeup at the countrys third biggest wireless carrier. Sprint replacing dan hesse he with the founder of mobile phone distributor bright star. Ending the pursuit of rival tmobile after concluding a deal would be unlikely to survive an antitrust challenge. Copsere are a lot of policing wall street these days. The new York Attorney general, state super
We have breaking numerbers. Beatenquarter has estimates. Analysts were estimating 2. 5 billion. That is for a target operating euros of 9. 510. 5 billion. Last year was 10. 1 billion euros. This is the big insurer. It is involved in asset management. It is all about pemco. The biggest in the world. Bill gross has been under scrutiny team. His management style. They are not the most harmonious. And now he is chief economic advisor. They are all intertwined. Has had withdrawals in july. The smallest monthly redemption since they began in 2013. The redemptions have lasted over a year. I yesterday afternoon, tweeted a pimco tweet to buy bonds. Someone said when you have long bonds there is one thing to do with the market. They get teased about that. It is their business. Outflows of pimco continued to slow. Yes we have had outflows but they are continuing to flow. Particularly in the United States it has been a volatile investment. It includes the global business, allianz as well. Down it
Im guy johnson. Here is whats coming up to you. Turkey headed for its first ever direct president ial election. Well be headed do i stan bull. First, our top story, president obama has authorized air strikes against militants in iraq as well as a humanitarian operation. Today i authorize two operations in iraq. Targeted air strikes to protect our american personnel and a humanitarian effort to help save thousands of iraqi civilians who are trapped on a mountain without food and water anding almost certain death. U. S. Aircraft dropping supplies to iraqis threatened by fighters from Islamic States. 60,000 people have been stranded there after advance fwiss Islamic States. President obama said the u. S. Would proceed with air strikes against islamicbased militants if they move toward the kurdish city of erbil. A significant shift from president obama. Yes, this is definitely something that people will be worried that it would mean reengagement for the u. S. Military in iraq after preside
We begin with the markets looking to burn through more records. Plenty of fuel after Third Quarter Economic Growth gets revised higher. Results came in shy of the missed performance. Asia hurt by slowdown. The night of protests in ferguson, missouri, after a grand jury decided not to indict Police Officer Darren Wilson. Economic growth was greater in the Third Quarter than the government originally thought. Gdp up 3. compared with 3. 5 . Latest results suggesting upwards revision of business and consumer spending. Data one day after the dow and s p closed at record highs. Apple finishing at an alltime high. Market value almost to 700 billion. Pennies away from doublie ininie tim cook took over. The average gdp back above 2. One thing i think people feel is why did the market get up here . Dave and i were talking about you have to be skeptical. If our country is the strongest country in terms of projected growth on earth with the possible exception of india, i dont know. Maybe india, ma
Recorders from the airliner that crashed on saturday. To the us, because the democrats have formally begun the process of impeaching President Trump for a second time. Hes accused of inciting the attack on the capitol last week. They have also first proposed that Vice President mike pence invoke the 25th amendment to the constitution in order for him to take power. Heres what happened. House resolution 21, resolution calling on Vice President Michael R Pence to convene and mobilise the principal officers of the executive departments of the cabinet to activate section four of the 25th amendment to declare president donald] trump incapable of executing the duties of his office and to immediately exercise powers as acting president. For what purpose does the gentleman from West Virginia rise . I object. Objection is heard. As you could see there, the republicans objected to the resolution in the house of representatives calling for the 25th amendment to be used. But it could be still vote