The ceo and shareholders in public. Is this war fair ever good for shareholders. Bringing jobs home. More companies are moving overseas operations back to the u. S. But not just workers benefit. Who else is reaping the rewards as we wrap up the series made in america. All that and more tonight on nightly Business Report for friday, august 9th. And good evening everyone and welcome. Im Tyler Mathisen along with sue herrera. Susie gharib has the night off. In a farreaching press Conference Today, the first in three months, to took questions and gave answers on top picks critically important to American Business. He tackled healthcare reform and the possibility of a government shut down to immigration, privacy and whom he might choose as the next chairman of the Federal Reserve. Good evening, tyler, the president addressed a series of issues, as you say, in his press Conference Today and said he doesnt think the leaker from the nsa, edward snowden, is a patriot and released a series of re
Discussing the idea because it would give them time to fix the problems out of view. Some remain skeptical such a deal is likely to happen. The stock finished the day up almost 6 . On wall street, investors found little reason to buy as the dow snaps the sixweek winning streak closing at a onemonth low and volume was light but not just today, all week long. Logging the lowest volume week since august of 2006. In the end, the dow closed down 72 points to 15,425 and the s p fell 6 and nasdaq off by six months. The timewarner, cbs dispute. The agency is urging them to resolve the dispute as soon as possible and its ready to act if this dispute continues. Acce separately timewarner customers filed a classaction lawsuit in milwaukee and seeks damages for breach of contract and compensation for every customer in southeast wisconsin. They will miss the packer game. Thats one reason why the suit was filed. J. C. Penneys shares slid near lie 6 as a nasty spat between the largest shareholder and
Public. Is this war fair ever good for shareholders. Bringing jobs home. More companies are moving overseas operations back to the u. S. But not just workers benefit. Who else is reaping the rewards as we wrap up the series made in america. All that and more tonight on nightly Business Report for friday, august 9th. And good evening everyone and welcome. Im Tyler Mathisen along with sue herrera. Susie gharib has the night off. In a farreaching press Conference Today, the first in three months, to took questions and gave answers on top picks critically important to American Business. He tackled healthcare reform and the possibility of a government shut down to immigration, privacy and whom he might choose as the next chairman of the Federal Reserve. Good evening, tyler, the president addressed a series of issues, as you say, in his press Conference Today and said he doesnt think the leaker from the nsa, edward snowden, is a patriot and released a series of reforms he would like to imple
Volume, netflix, the best day in a decade. The countdown to closinging starts right now. Talking to heavy hitters including two prominent leaders. Beginning with the ceo of coke cocacola, he has got a lot of interesting things to say about branding campaigns, water, a big priority for him, and the prognosis at merck. One on one with the chief executive, but, first, to these markets, stock giving up begins. Selling picked up, really, in the last couple hours, dow up 44 points right now, but we still, at this point, still, are up for the 10th day in the past 11 sessions on the dow. Nasdaq, a different story, nasdaq, certainly an issue, apple, a big piece of that, and s p breaking 1500 for the First Time Since december of 2007, but s p not able to really hold on and keep above that 1500 mark. Well talk about that. Apple down 10 , the biggest loser on the nasdaq. Revenue falls more than 20 missing estimates. Margins a concern. Iphone5 not quite what it what was crackedded up to be. What a
This is a big week for the economy. We are also talking about mideast which is a huge topic in d. C. Today. We have Nicole Petallides on the floor of the New York Stock Exchange to start us oof. Nicole we are seeing a market that is under a little bit of pressure. We have had five straight weeks of gains on the dow. You did mention some of the names that are weighing on the dow. Two huge groups that really weigh on the market today. Financials and energy. Also, chevron and exxon are weighing on the dow. You are seeing energy as a laborer as well. Johnson johnson actually hitting a new high today. A new 52 week high. Wells fargo said you should buy the shares at the current level. With this, the stock is up about one third of 1 . Back to you. Connell more to come from new coal. President obama said his treasury secretary onto a sunday talk show. Clearly trying to shift the focus. He had a little trouble in doing that. Watch this. This is supposedly behind us. It has been more than two m