Rate for a considerable time after the purchase program. The Federal Reserve comments sent us stocks soaring. The s p 500 rows for the most since october of last year. President obamas decision to restore diplomatic relations with cuba after 50plus years of tension. Heres the president on the attentional benefits. I believe american businesses should not be put at a disadvantage, and the increase in commerce is good for americans. We will facilitate transactions between the United States and cuba. Officials will be able to open accounts at cuban financial institutions. The u. S. Will also ease its cuban ban and open an embassy in havana. Oracle is making progress in its shift to cloud computing. Overall revenue was up 4 to 9. 5 billion. Oracle posted a slightly smaller profit. The Second Quarter saw major transitions, with the cheek executive leaving to become chairman. The trusts of twitter chief executive now own zero shares of twitter stock. The trust sold off their final holdings,
Fridays2 higher than close. The company hired advisers after activist fund Elliott Management acquired a 10 stake in riverbed last year. A major deal brewing in the european wireless market. Bt group will have several weeks for an exclusive negotiation window. France banning uber starting january 1. That from the interior ministry. It comes three days after a paris judge blocked a bid to block uber. The government says the drivers do not meet the most basic requirements, including background checks and training. Uber will take this to court. And to the lead, three people are dead, including the gun them, in the hostage standoff in australia. Four other people were hurt, including a police officer. The standoff ended after the police stormed the cafe in sydneys Central Business district. The lone gunman is a self acclaimed radical cleric. This is a very disturbing incident. It is profoundly shocking that innocent people should be held hostage by an armed person claiming political motiva
Yesterdays plummeting freefall of the ruble. The Russian Finance Ministry announced that it is selling foreign currency. Ryan chilcote joins us to bring it all down. Give us a sense of what we have seen this morning and announcement and our argot. Look us through the details. Who would have thought the deputy finance minister of russia would be channeling mario draghi . That is exactly what hes doing. He said the finance minister is prepared to sell as much of its foreign currency reserves as it takes. A consultant adding that they have 7 billion worth of foreign currency reserves at their disposal. Weve seen an extraordinary move in the ruble. It hit 80 against the dollar yesterday. It is now down about 20 from that, yet it is still up 10 on the week. We got news that yesterday, the bank of russia was on the market , intervening to the tune of just under 2 billion. There are rumors that they are on the market today. The biggest support for the ruble yesterday came from the economy min
Growth in g. D. P. For the u. S. In more than a decade, since 2003. Will that spill over to the rest of the Global Economy . Next year, dow jones, hitting 18,000 points. A record high. Stocks have been rallying since the middle of last week, since the Federal Reserve said dont worry about it. Well keep Interest Rates near zero for at least the first quarter. All of this good news could get tongues wagging in terms of Interest Rates will come down. Coming off that high dollar index. It has been a phenomenal performance that we have seen in the dollar index. Check that out. More than 12 . Clearly that is pretty Phenomenal Growth that we have seen in the dollar index. The best in a decade as well. If youre looking at the euro, clearly they have been seeing the flip side of that. The euro down 11 against the dollar year to date. Today a little bit of a pickup, about. 10 . They are heading for six month s of losses. Speculation the e. C. B. Might start to unveil quantitative easing. Keep in
Hello. Welcome to countdown. All. Y good morning to you Vladimir Putin addressing russia today amid the collapse of its currency and a deepening economic crisis. The ruble has rallied since hitting its lowest ever after the central bank step in to say it will help Companies Meet their debt obligations and foreign currencies. Theeaders weighing in on ruble issue. The russian crisis is on the agenda. Obama. President barack will not be helping putins case either. He is said to sign a bill pushing further sanctions on the russian economy. What are his options as he heads onto the world stage this morning . Bloombergs Ryan Chilcote reports. Extraordinaryn several days for russians. Since Vladimir Putin last weighed in on the currency, the ruble has been in freefall down at one point a full 30 since he last spoke. Far from hiding, this commercial advertising putins annual has conference suggests the russian president is ready to take the ruble and the world on. Expect a robust defense of sy