Investigation after a possible breach of antitrust laws. And taking a gamble, shares in gtech rides as it coughs up nearly 5 billion to stop Machine Operator itt. A warm welcome to worldwide exchange. Taking you back through some of the losses we saw through yesterdays trading sessions. The stoxx europe 600 off 0. 5 in trading. Lets have a look at some individual markets this morning. Right now weve got the ftse 100 and the xetra dax higher by around 0. 5 . I want to point out the psi market, a gain in portugal pounce bouncing up 1. 3 . The real force is a Holding Company owned by the santo group. There were reports yesterday that theerp potentially looking for applying for creditor protection right now. Theyve missed a repayment to telecom this morning. Were talking you through all the details of this and what it means a little later in the show. But first, look at whats going on as far as the top movers in the second are concerned. Icaps falling year on year with conditions continuin
And formidable growth in the earnings reports, they may have to settle for something else. All that and more tonight on nightly Business Report for tuesday, october 14th. Good evening, everyone, stocks on wall street stabilized after a threeday selloff, but in the oil market prices fall, the biggest oneday drop in two years on the same day the International Agency once again lowered the Global Demand for next year. So if you want to understand the impact of a weak Global Economy just look at the prices, Domestic Crude Oil fell over 4 closing over 82 a barrel since 2012. Brent crude oil closed at the lowest level since 2010, tyler . All right, so why is oil lowering so much, there is a concern for investors who own oilrelated shares. Here is the Founding Partner with again capital, you again . Back. Nice to have you here. Very simply stated why are prices falling as much as they are, as fast as they are . It is a onetwo punch, tyler, part of it is the slowing economy in europe where the
Headlines . Lets get the big bank earnings, we have best buy news and ben bernanke. And have you heard of the anti aging product new skin. And what is going on with the company and a thick skin and shares a getting creamed today. And eyepopping 28 , chinese authorities ordered an investigation into where it conducted illegal multiLevel Marketing. That is bringing together a multiLevel Marketing. And Charlie Gasparino watching these stocks, watching the store closing, has the inside scoop for you in a moment. It has reopened, and citigroup both reporting earnings before the bell. X it is that six income trading fell, goldman still beating analysts expectations turning 4. 60 a share, and the estimate of 4. 22, a clear be there. Citigroup forecast by goldman. And 0. 82 a share versus projections. Goldman sachs, citigroup, citigroup is really under pressure by 4 , goldman down 2 so not a great day for either of these names, but when i go to don bose, switzerland for the World Economic foru
On the top line with revenues, beat on revenues but missed on the bottom line by as single penny. This brings the focus to the entire Dow Jones Industrial average which appears to be the lone standout at this hour when it comes to the major indices. That is largely on the backs of some plastic many of us carry in our wallets and that is American Express. And max next to intel reporting earnings after the bill came out with numbers the market loved if you were watching fox business, you knew it was a big beat. Shares of American Express jumped in 4. 5 and that is spilling over to one of its rivals. This is really a company that gets a fee no matter what anybody is charging. Visa is moving higher by 41 3 . Morgan stanley was the last of the big banks to report earnings overall while profit fell by 70 . Excluding 1. 2 billion legal legs sense, the bank earned 0. 50 a share exceeding wall street estimates of 0. 45 a share. Morgan stanley over the past year has been the best performer up 51
After the bell is happening right now, everybody. Cheryl lets look at todays market action. Ill tell you we have a lot going on. Lets bring in yudee change. Mark newton on the floor of the new york stock exchange. Alan nubbing man down on the nyse. Were watching volatility david was speaking about. You have at least on the equity side we didnt react there was no positive reaction on the equity side to this news report, that they are reporting that the husband republicans will take a deal to the floor tonight . Well it may be the sell the fact type action. We moved up 4 over last couple days. You have to remember, s p yesterday was only 1 of alltime highs. Nasdaq made new decade highs. You might see people taking chips off the table just in case there are last minute hiccups. People seem more confident. Were down only hal on the day the vix has a little bit of action in it but it is still significantly lower than it was last week. Last week we had a reversal where it made new highs and