Inaugurated on sunday next on the agenda, in france, two rounds of parliamentary elections in june. We should mention the jueuro jumping to sixmonth highs. Youre looking at european markets right now, across the board, they are down. In large part, they had risen, of course, on friday in expectation ever this news. In asia, japan rising 2. 3 overnight. The hang seng was slightly higher. U. S. Equity futures up right right now. Standing basically, marginally down about 23 points. S p 500 call it virtually on the nasdaq off by a point. In corporate news, sources telling cnbc that comcast and Charter Communications plan to announce a Wireless Partnership as soon as today. The partnership is aimed at cutting costs, as well as speeding up entry into the wireless market. As part of the agreement, Neither Company will make any deals in the Wireless World for the next year without the others consent. The move is renewing speculation that the two cable giants could make a play for a wireless ca
This is nightly Business Report with Tyler Mathisen and sue herera. Risk assessment. A rare event. The oracle speaks. The big mistake Warren Buffett said some investors like you may be making. Hot topic. Ab old drug gets a new price tag to treat a rare and debilitating condition. That and more tonight on nightly Business Report. Welcome. Gains were small today. Minuscule really. But they were good enough to lift the s p 500 and nasdaq composite to alltime closing highs. Investors seemingly concluded the market had dodged yet another risk. Namely, that france might elect a far right opponent of the European Union and the euro currency. The french for now voted for a moderate and the status quo. And that was enough to let investors globally focus not on european vote counts, but on the improving health of Europe Economy and stock market which has been climbing. We begin with two reports. Bob pisani takes a look at the markets. But first, Michelle Carusocabrera in paris. Reporter last nig
Interest rates do remain unchanged. The vote on that. The gilt purchase is 80. The bank of england keeps key Interest Rate unchanged. The vote was 71. The vote on Interest Rate, 71. Thathan the idea is growth hasnt turned lower in the way that they anticipated and inflation continues to grind higher. It is starting to become more open to the argument that she has put forth . Guy i think you can deduce that from the line talking about tighter policies. The markets, because it has an assessment that the bank will look through this inflation because it is transitory and linked to the currency, maybe it doesnt hold water . Maybe if they are concerned about the secondround effects . That it will have an impact on the wage story . And it could have an impact elsewhere because of that. So the implication seems to be that yes, the argument does seem to hold some water at the moment. The bank has not decided to step onto the other side of the debate. It is interesting at this point but clearly,
Flat. The ftse is down by 0. 1 in italy. Crude was the big story yesterday. Wpi this morning is up once again by 1. 6 . Gain of 77 cents to 48. 10. This comes after it looks like additional countries from opec are standing with saudi arabia saying those production cuts need to be expanded and also we saw a surprise decline in the supplies here in the United States. Now lets talk about todays corporate story. Shares of snap plunging after the Company Released its first report since going public. Snap missed on the top and bottom lines. The company struggled to keep up with user growth validating a lot of concerns about its ability to take on facebooks insta fwram and tgram and the s feature. Heres what evan spiegel had to say about competition on that call. People will copy your product if you make great stuff. When google came along, everybody felt they need a search strategy. When facebook came along, everybody felt they needed a social strategy. With snap, we believe everybody will d
The whole joint. Were letting its negativity, its neoism, were letting it influence our thinking i want it stopped right now. Right here i want to cordon off craamerica and do it today. The dow dipped the nasdaq gained. 47 put it simply the people who run our government cant seem to, well, govern todays breakdown of the gops most bedrock promise repage replacing obamacare has cast a pall over everything even if it was unpopular, but if the republicans never had votes to axe the Affordable Care act why have they spent month on legislation going nowhere. Makes me wonder if Mitch Mcconnell knows how to count im not saying we need to return to camelot i just think that congress inability to accomplish anything, anything at all has started to poison the atmosphere on wall street the latest look at the results of our Great American companies with way too jaundiced this negativity is coming out in two ways first buyers right now seem only to have love for a handful of companies that are viewe