Is it the german companys Business Model which is replicating u. S. Websites like airbnb and pinterest that has investors concerned . It has been a magical one for disney and bob iger as the chairman and ceo. Now, it is poised to continue as iger continues his retirement. He was given a twoyear contract to remain on the job until 2018 which will give time for disney to pick a chief executive officer. Annual revenue has grown from 32 billion to 45 billion because of Properties Like espn, hit movies like frozen. As much time of his as they can get, the better for the company. Of course, he has a great bench under him. I am pretty bullish on this company. Theres been so much talk about who would replace him, it is really down to two people, two very highranking disney executives. Does this mean they were not up to the job . Why certainly i dont think it means that. One of them i know, the other one i have admired. I think that everyone that has worked with and would say that they are exec
Particular. Dow futures are indicated up slightly higher. Steve, ill send it back over to you. 8 30 eastern, we get weekly jobless claims, expected to rise by 4,000 to 297,000 below that 300,000 mark. At 10 00 a. M. , we go august factory orders for july. In global news, the European Central bank meeting in frankfurt, a policy decision due around 7 45 eastern. And then president mario draghi will hold his usual News Conference less than an hour later. Indefendanters will look to draghi for news of the asset buying program. In europe, it is negative following through on the u. S. , but not quite as much as yesterdays selloff, guys. Its a record 23. 5 billion dollars pulled from its flag shift fund in september. The daily outflow happened on the day bill gross announced hits departure from the firm. Just to put it in perspective, though, its still smaller than i think the number of the year before was like 290 billion. And this is a fund with about 222 billion in it. While that sounds li
Weakness in asia but again it looks like germany and france are turning things around at this point. Okay. Well talk about ebola this morning. The first case of a person contracting ebola on u. S. Soil has been confirmed. A Health Care Worker treating Thomas Eric Duncan who died last week contracted the deadly disease. We are joined this morning from dallas by meg tirrell. Meg . Reporter thats right. Good morning. This Health Care Worker was taking care of Thomas Eric Duncan. On friday she started to feel ill, went to the hospital to be assessed on saturday and tested positive. Yesterday the cdc confirmed it was ebola. Now we know that as of yesterday her condition was stable. One of her contacts has been proactively placed into isolation. The cdc director tom frieden said it is unknown exactly how the Health Care Worker was exposed. We dont know what occurred in the care of the index patient, the original patient in dallas. But at some point there was a breach of protocol and that bre
Apple saying shares are massively undervalued. Recent history repeating futures pointing lower after a big recovery from a dramatic selloff tuesday. Alcoa and pepsi beating the street. Leadership, gap shares down. Murphy announcing he will be retiring. Carl icahn released an open letter to apple ceo tim cook saying the Company Shares are massively undervalued and should be trading at 203 a share now. Icahn expressed support for cooks leadership, urged him to accelerate the share buybacks. He would not tender a share if apple institutes a new Share Repurchase program. Calls cook the ideal ceo. Says this is not a criticism. A long letter about how the market is getting this wrong. I think you are right to say its about how Institutional Investors are underinvested in apple. He also says if you want to get those investors, you cant just keep doing what youre doing. Youve got to really create a short squeeze from the tender offer. Sell 25 million tvs. Its not scathing, but it says, all rig
Lower. Demonstrations continue. Hong kongs leader says theres no plan to clear out protesters. Sdmroo the brazilian president said polls suggest she would win a second round run off. Announcer youre watching was was, bringing you Business News from around the globe. And it seems red october is over already. Lots of green in europe today. Largely, though, just a bounceback from yesterdays decline following the lack of ecb clarity on the action. We had just a 2 decline nearly from the dax for the day and a nearly 4 decline in the italian market. So what has bounced back the most . Well, its what declined most yesterday. The ledger was down yesterday on some ebola fears which has been led up by easyjet. And why are people going into money like that . Perhaps its what Warren Buffett told krnz yesterday. The more the market goes down, the more i like to buy. Lets look at some individual stocks now. Easy jet. The ftse 100 up about 0. 63 . Ezjet is soaring raising its on the year. 5. 5 up tod