Carol massar. Puerto ricos electric Power Authority has negotiated with creditors to push off repayment of bank loans until july 31. The islands main provider of electricity has until months end to repay some bank lines of credit. It uses those to buy fuel. The authority has 8. 6 billion of debt. Petsmart investor Longview Asset Management calling for the pet supply seller to consider a sale. Longview says petsmart would be more highly valued by private holders than investors in public markets. And that is a look at some of monday. Headlines this back over to you. Thank you. The Transportation Safety administration is prohibiting batterydead electric devices at airports. Your smart phone has to have some battery life in it in order to board the plane. With more on electronics, i am joined by ziklag systems founder Tom Malatesta who joins me from washington. Ziklag is behind the socalled fortressfone which boasts a selfdestruct button. Tom, great to have you with us. Can you tell people
Big miss. Well speak to the cnbc. Ukraines government says it will act to eliminate militant groups in the east of the country in the coming days. Youre watching worldwide exchange, bringing you Business News from around the globe. Thanks for joining us today. Let me just dive in to some eurozone flash pmi numbers just crossing currently. The flash number is at 53. 3 in the month of april. This is slightly higher than forecast. The markets expectation about 53. 1. This is also slightly firmer than the march reading back at 53. We are seeing a slight improvement in the right direction. The instant reaction in euro dollar has been a dip and then positive again, up 0. 2 on session. 138. 29 the current level. Diving into the numbers on the services side, the flash number at 53. 1. This is better than forecast at 52. 5 was the level the market had expected. Also just on the manufacturing print, 53. 1 was forecast but that number coming in at 53. 3 as i mentioned in april. Numbers better tha
Dow chemical, Procter Gamble, boeing, apple and facebook all being released today. A lot coming up. At 7 30 eastern time, the dow chemical ceo will be joining us and well be hearing from at t ceo john stevens. The company says it had a higher than expect ed amount of customers switching to a new plan. If you take a look at whats been happening with at t shares, youll see at least it was down by 2 after hours, i think. 35. 50 was the last trade. Yum brands getting a boost from stronger sales. Where its most important, china, the parent of kfc, taco bell and pizza hut says that First Quarter sales in china rose 9 . Customer in china are buying more chicken following an avian flu outbreak and food safety scare which impacted demand. The fast food operator gets more than half of its overall sales from china. Most of its more than 6,300 restaurants. How many . 6,300 are kfcs. That stock traded higher. In after hours trading. Speaking of china, chinas factory activity slowed for the fourth s
For the stock today. That stock officially split 7 1 after the close on friday. Cutting the price to 92. 22. If you were looking at any mutual funds to hold over the weekend, it warned up up top this was not built into the price yet. So well see the new price. Apple shares are gaping ahead of the split up 10 over the last month. Andrew, over to you. Other news in the video Game Industry because theres a gathering this week for the annual electronic entertainment expo. The Microsoft Xbox News Conference is coming at noon eastern time. The Company Recently cut the price of the xbox to 399. Now to focus on how a new game can take advantage of the consoles technology. And i dont know how youre going to feel about this today, joe. Netflix holding the annual meeting about public Pension Funds to separate the rules of chairman and ceo. We have seen this movie before in other instances. This was with jpmorgan and jamie diamond. But theres no crisis at netflix recently, but that issue is on the
But in 2000, Congress Gave wall street an exemption thats turned out to be a very bad idea. Its legalized gambling. It was illegal gambling, and we made it legal gambling. With no regulatory controls. With absolutely no regulatory controls. Zero, as far as i can tell. I mean, it sounds a little like a bookie operation. Yes. [watch ticking] i dont to die. I shouldnt have to die. Helen sharp, suffering from lymphoma, just got the letter that says her county hospital is cutting charity care to Cancer Patients. Its a symptom of the recession Public Hospitals forced to cut Vital Services just when people need them the most. When you read this letter, what did you think it meant to you . A death sentence. Welcome to 60 minutes on cnbc. Im steve kroft. In this episode well meet some big winners and some big losers in the high stakes game of world finance. Up first, the secret vaults of geneva and zurich, which have served as repositories for the wealth of dictators and despots, mobsters and a