4. 651 . Taking a look at crude prices and how they are digesting in the middle east. Wti is down. 50 . 85 a barrel. Brent is tame this morning at 89. 75. A check on bitcoin days ahead of the halving. We are down fractionally. 63,352. New data from china overnight. First quarter gdp grew 5. 3 year on year beating the estimate of 4 growth. Export volumes rose 14 from a year ago. Back here at home, United Health is out with Quarterly Results. Bertha coombs is here with more. Everybody is looking at the medical loss ratio from the cyber attack there. The change cyber attack is being looked at or accounted for in two buckets. United Health Revenue coming in at 99. 8 billion. Beating estimates. It is unclear if the adjusted 6. 91 per share is comparable to the consensus number. It includes 25 Cents Per Share impact for business disruption costs from the change cyber attack in february. It excludes the costs of advanced payments and interestfree loans due to the o outage which amounts to 6 b
Lets see how things did overnight in asia. Asia was leading the declines yesterday. This time a little different story. Nikkei closed up by 1. 5 hang seng was up by 0. 6 shanghai was flat. In europe, at least at this early trading hour, there are green arrows across the board. Barely hanging on for the ftse the dax and cac each up by better than 0. 6 looking at crude oil prices, at least right now, crude oil looks like its down 7 cents 55. 26. Couple big stories were watching, mattel has rejected a takeover approach from rival hasbro reuters reporting that mattel believes the offer undervalues the company and doesnt take into account the potential for regulators to rejected the deal on antitrust grounds reports saying mattels new ceo who took over in february may be trying to drive a harder bargain in talks with hasbro the company cut its fullyear revenue outlook. You are looking at both of those stocks now time inc is reportedly restarting talks to sell itself to publisher and broadca
Caller he indicated he was willing to work on the with the Ethics Committee. The Ethics Committee will hold some kind of hearing and come up with a recommendation, expulsion or something else. I was talking to the former chief counsel for the chief act Ethics Committee, he said sometimes investigations can , or weekss and years to months. Not say what the timeline would be. They do investigate what happened when they were not in the senate, yes. That leaves the senate open to moore should henot become in the senate. The Ethics Committee has left this exception open in the past. The Ethics Committee said they would not continue looking into allegations that representative victor moore should he become in the, even though the allegations were before he became a senator. Host you mentioned roy moore. Is talking about an ethics investigation if you were to be elected by alabama on december 12 . Indicatedch mcconnell that the Ethics Committee practice move forwards. There is a question as t
Successful how kylie genre era jenner takir makeup to a new level. Tors carving out some gains. Cisco systems have the most positive the stock is on track for its fifth straight day of gains. Now down more than 20 from it all time high. Another day, another record high for bitcoin. Breaking 8,000 for the first time its now up almost 750,000 in 2017 michelle hey, there. Live in auburn hills, michigan the white house worries about u. S. Jobs being outsourced to india. Today an Indian Company is moving jobs to the United States the new Assembly Plant where they will assemble new off road utility vehicles they plan to hire 250 americans in the next few months and 400 more by 2020 ahead this hour by interview with the chairman and what he told me about Corporate Taxes and nafta. If he has any kmconcerns about. What Republican Congress wants from d. C. s big tax plan back do you. We look forward to all of that see you soon we begin with comments from the president. He spoke a short while ago
Could hurt economic progress. There was also some discussion of alternative framework on the committee. This is important because president John Williams of San Francisco has been pushing for consideration a price level targeting or an alternate inflation regime as the fed deals with zero lower bound policies Going Forward. There is some note they might drop Balance Sheet language in future statements. Much,t thank you so reporting from the federal reserve. Joining us with more insight on austan policy is goolsbee, a hazard economics at the university of Chicago Business school. A former chairman of the u. S. Council of economic advisers under president obama. Great to speak with you again. You heard from jeanna about the highlights from the fed minutes. Nearterm rate hikes in december has warranted. They have reaffirmed the view a gradual approach to increasing the target range is likely to the dualbjectives, mandate of maximum employment and controlled inflation. Price stability that