Saudi aramco ahead of the market debut and the Worlds Largest ipo. And masa son speaking out. Worldwide exchange begins right now. Good morning and welcome to the show, fs friday, december 6. Im in for Brian Sullivan who is in vienna, austria hell have the latest in a few moments. Lets take a look at what is happening with stocks. Major averages are lower for the week the dow is on track for the worse Weekly Performance since midaugust but things are shaping up positively. The dow will open up about 75 points s p up by 8 points and the nasdaq up by 29. Ticki ticking slightly hire 1. 797 two year at 1. 59 . The nikkei up a quarter of one percent. Shanghai half a percent as well. 1 gains for the south korean kospi. Posting biggest weekly events. And in european trade, a big miss in Industrial Production seeing the biggest drop since april falling 7. 7 estimates were calling for 0. 3 rise ftse 100 in the uk up three quarters of one percent. Looking at top stories today insurance giant Pho
Streets pull back as oil prices slideand tax plan jitters target targets holiday forecast, Brian Cornell joins us exclusively. The General Electric slide, continuing to sink premarket now down more than 43 this year stocks are poised to open lower after the dow and s p posted a third negative session in the past four, concerns about slowing growth in china, weighing on Commodity Prices and crude under pressure after the International Energy agency lowers its Oil Demand Forecast jim, weve got the same jitters about high yield and then of course inflation has run hot for a couple of days. I come back and look at the bureau of labor statistics number that came out real average Hourly Earnings for all employees decreased. 1 . So i think theres a lot of faux worries here china has been okay the whole time, remains okay these wage numbers tell me were okay and oil went up on turbulence and middle east problems and goes down incredibly wrong i think were churning what matters is we keep impor
Crimes to the same people. The u. S. Attorney calls it a targeted investigation and prosecution of a viooent enterprise. Make no mistake about it, folks, the bloods, is a racketeering enterprise. The business of the bloods is violence. The indictment should have a dramatic impact on the amount of violenn crime in metro denver. He says we can expect that that racketeering statute will be ed area. Lance hernandez, denver 7. A quick stop at the liqueur store in Jefferson County turned into a day that some customers will never forget. Police Say Two Armed Robbers stormed the store right here at Woodmar Shopping Center at peakview drive as the two were altima. Take a look at your screen, that could mean 2,000, thats the reward for finding this man, police say he robbee a 7 eleven on colfax and pearl street, when trying to stop the man they assaulted the worker behind the counter. Caught and cuffed a driver accused in a hitandrun crash that seriously hurt a motorcycle rider is now facing fel
Markets and the feds and beyond. Lets get to andrew with breaking news on valeant. Another turn, the drug maker says its ending its relationship due to the Specialty Pharmacy business practices. The company saying it has lost confidence in the ability to operate in a manner acceptable to valeant. In response it said it would shutdown operations as soon as possible. Cvs health care also dropped them. Cvs saying it will no longer use services after an audit found evidence of noncompliance. Now valeant has been facing a lot of pressure and is facing federal scrutiny as well on the drug pricing and distribution policies so this is a big issue. Also activist investor and one of the largest shareholders expected to hold a Conference Call discussing his firms investment in valeant. Philidor represented somewhere between 5 and 10 depending on whose math you were doing for valeant. This will be a direct hit on the company but does seem to be suggesting they take some steps. Another story, one o
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