And how much they might fetch. We want to bring you an update on a key energy story. Bloomberg news learn a u. S. State Department Report concluded that the Keystone Pipeline will not significantly worsen climate change. Philark, more, mattingly standing by. What are the implications . Congressionalm aides that this longawaited Technical Analysis from the state department does not differ very much from their march report which concluded something similar. It has a couple recommendations, that there need to be new safety procedures, including sensors to detect any type of oil leaks. This is one step in a process that is continuing. Once this report is officially released, there is another analysis, open comment period. The state department will have to take into account diplomatic issues as well. The finale not the final step in this game that has been going on since the transatlantic bid for this five years ago. I know theres a lot of environmental groups that are very concerned about
The Insider Trading program of sac capital. A former sac trader, michael steinberg, was convicted of conspiracy fraud for using illegal tips to buy and sell tech stocks. Joins me more before we get into the nuts and bolts, you were in the courtroom . There is always high drama. Anybody who has seen perry mason or law and order knows that they hand the jury to the judge and the judge hands it back to the jury and the four lady announces it. She was about to announce it and mr. Steinberg fainted. They had to take a break until they attended to his blood pressure. The forewoman said the subtext of emails was presented during the trial and i convinced her that steinberg knew he was aware he was breaking the law. Tell us about those emails. He said heiled was lying and making up the whole entire story, implicating his boss to save himself. A sickly, the government argued that there were emails that the two men had shared and swapped as well as instant messages and bloomberg messages, and th
I am Erik Schatzker, here, 10 00 in new york city. I am carol massar, everybody. Stephanie ruhle is off today. We have raking economic news. This is a gauge of the u. S. Manufacturing economy. Just coming in right now, 57 is so reading, the economists we surveyed were looking for 56. 8, so call it in line. Above 50, carol, indicates an expansion, so it is not the u. S. Manufacturing economy is on fire, but it is growing. For thers more evidence continuing growth of the u. S. Economy. With all that final reading on Third Quarter gps 4. 1 , surprising just about everybody. And that latest regan manufacturing up read on manufacturing up. Lets get to the news feed. Macys settled a legal dispute with martha stewart. Whether her company reached a contract buys selling items with j. C. Penney. The deal does not affect its claim against pennies. Cosmetics maker revlon shutting down its operations in china. Revlon has not been able to get much traction there. China accounts for just a tubing pe
Overall. Let me read to you from the minutes to a majority of participants judge that the participants he was declining even though purchases to continued. What were they worried about in terms of costbenefit analysis . The minutes go on to say participants were most concerned about the marginal cost of additional asset purchases arising from risks to financial stability. Financial stability. In the end, they decided to by 10he tapering million per month. There was a healthy discussion about whether Economic Conditions were sufficient enough. Let me read you more from the minutes other participants preferred a larger reduction. Future reductions they would like to see a more deterministic path of the taper going forward. More guidance to the market as to exactly what the pace would be and when the entire thing would be wrapped up. We did not get that at the end of the day. There were other discussions in here about the Forward Guidance language. There was some discussion lowering that
Welcome. We get some insight into how the credit markets will perform with paulg to start lampert. Me now. With su, investors i know pulling perts fund lamperts fund. Anythingspinoff change for him . Theres a couple of things going on here. We can get to the money being pulled. Redemptions with submitted a year ago. Newshe spinoff very big today and impacts investors going forward. The funds main investment, has started to struggle as lands end remains here. , is the theme the spinoff is subject to approval by the board according to a filing today and would allow investors to not only share in more profit but separate a strong band, analysts say, from sears now struggling image. Of course, sears suffered 27 straight Quarterly Sales declines. Analysts say, again, its a good thing for investors and because end byds end has been weakened association with shares and could do better down the road. That is despite the fact that own struggle. Its its income has dropped some 63 hase 2008 and i