Development. We see how it breaks apart from the oil price movement. Meanwhile, apple has had enough of the rubles wild swing. S stopped online sales of its products in russia while it reviews pricing. Russia plans to pump the same amount of Oil Next Year as it did in this year. West texas intermediate has been down as much as 2 and has been trading a little under 55 and barrel. Versus theecutives board at American Apparel, the struggling retailer that targets teenagers. The company has fired founder dov charney for misconduct. More than 30 executives want the board to reconsider. They say charney should be around to help the next ceo because he is what makes this thing kick. Charney violated American Apparels sexualharassment policy and missed used company funds. Charney calls the accusations baseless. Hackers are warning sony not to show the movie the interview. Threatdio is taking the seriously. He company has canceled the new York Premiere and have told theaters they are allowed to
Dollar. We have been producing 100 in italy and we have been struggling in the past two years. So with a strong euro germany and the u. S. Warn moscow of further sanctions after nato releases images suggesting the Russian Military is supporting separatists in Eastern Ukraine. And one hour to go until we get the highly watched eurozone inflation data that could provide clues on the ecbs next policy move. We are falling again ahead of the release. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Good morning, everyone. The headline this morning coming out of tesco. Tesco trading sharply lower today. Down by 6. 6 . It was down by as much as 9 before after the Company Issued yet another profit warning. The third time in three years the struggling grocer has slashed its interim dividend by 75 and announced that incoming deal, dave lewis will take up his post next monday. That is one month earlier than expected and thats obviously weighing on som
Its the buzz story of the morning. Heres the question blowing up on social media. Take a look at this dress. What color do you see . Bring that closer. I saw gold and white. What do you see joe. Gold and white, yeah. If you think it is a simple answer just try polling your friends and family though. Some say gold and white. Others say black and blue. This whole thing started yesterday when a scottish musician posted a picture of the 77 dollar off the rack dress on tumblr and then it went viral. It broke the traffic records viewed 21 million times and counting. Celebrities sports stars and many others weighing in on social media as well. Kim kardashian tweeting what color is that dress, i see white and gold. Kanye sees black and blue. Who is color blind. Well tell you what taylor swift and others have to say later. Thats our lead. Thats interesting. Whaen when are we doing the llama story . Both of these stories make me think it scares me. That were talking about this too. Yeah. But fir
St. Louis fed talking about the economy later. That is what is driving this market. Everyone stops trading until a breath. , 8 30, take everybody wants to see whether the momentum continues. It is not that we are 00 iserating, 197,0 forecast. The Unemployment Rate will be interesting. The Labor Department releasing revisions to the last five years. They could move it around a little bit. It is possible we could go below 7 . Just on a revisions basis. Street into aall tizzy, able take a while for people to absorb that. We are all above the consensus, we think what happened in december will play in january. We are talking about after five years having the best fiveyear pattern of jobs since the recession. This is north of 2 million for this year, possibly. Rate aside, what is really interesting is the average hour workweek is pure a session. We have taken the slack out of the system and we have got to start hiring. Does the street care about the jobs number . At 8 30, everybody is cheeri
Call us and let us know what you think. Republicans call 202 5853881. Democrats can join in on 202 5853880. Independents can call 202 5853882. We will be joined by the Washington Post white house offer us moreto perspective on the state of the Financial System, four years after Congress Passed the dodd frank act. Media. Join us on social facebookvia twitter, or send us an email. Morning to you. I want to start by having you explain exactly what the goals of the dodd frank act were. Caller it passed in 2010 as a response to the financial crisis that nearly brought down the u. S. Economy before the Federal Reserve could save it. They try to learn the lessons of that crisis. It includes a whole host of new regulations on wall street. Risktaking by banks and consumers. Fail, keep the system operating without having to bail out banks with taxpayer money. Host those are some big goals there. How much progress have we made . We definitely have made a significant amount of progress eared there