Walmart saying its seeing a slight pullback for certain Food Products because of those weight loss drugs. And disneys dismal run. The stock is back below 80 bucks a share, its lowest level since october 2014. Lets begin with a drop in oil prices. Wti on pace for the worst week since march, jim. We got down to 82. 35 this morning. Yesterday, biggest drop since may. The department of energy numbers were weak. Gasoline numbers were weak, the lowest, what, since 1996. When you speak to the chieftains of the Oil Companies, they just want to stand there and buy the shares because they dont think this is the right market. They think the higher price is the right market. I look at whats happened with oil, and i say, if you have retail weakness, if you have fewer people from student loans, fewer people going places, obviously, theres going to be a backup in gasoline, but i think this price is actually real. I understand that the Oil Companies want to buy back stock, but the oil stocks never wen
Closer to cold and great shape here. Back to monday the first date of the Fourth Quarter and it starts with something we have covered very well. That is the which is the snackfood business. That is a north american serial business. Cheeses, pringles and pop tarts among other goodies that may not be all that good for you. Kelloggs since the breakup was announced. Either way, i can these are agents of economic decline. The government close impacts so it is not as big of a deal but the auto is truly an issue that keeps expanding. If it keeps expanding next week, it will not be all that good. The stocks trade like there will be a deal. When you listen to the united auto workers, he seems like a bit of a capricious fella. Especially when he has the president of the United States walking a picket line. Fords offer has been generous here it is getting really personal i dont like that. And it is not clear whether they will say anything. Remember is to stop inflation, not to boost growth. I dou
Secretary yellen later this morning. Auto strikes, day four with both sides digging in. The uaw rejecting the latest wage hike proposals while both ford and gm announce temporary layoffs due to the ongoing walkout. Plus apple reportedly seeing strong iphone 15 demand in china, and tim cook says the vision pro remains on track. Lets begin with the markets as we do kick off a new week. Jim, we didnt get to check in with you on friday. Any degradation, do you think, in this idea of a soft landing . Even the journal today takes a look at how it gets a little tougher from here. I do think that this auto strike is has potential to be very disruptive. I think that oil, clearly, to me, is headed to a hundred before it goes lower. Thats negative. The higher Interest Rates are starting to buy. Theres a really interesting call for lennar, stewart miller, the executive chairman last week, he was talking about the idea that the buyer is getting used to the idea that they have to pay more. Thats the
Which trains olympians. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang. And this is Bloomberg Technology. Coming up, paul cant slapped with a massive fine qualcomm slapped with a massive fine. Plus, more highlights from the World Economic forum in davos, including our conversations with bill gates and the ceos of Morgan Stanley and the nasdaq. Intel gets ready to report its fourthquarter earnings. We will take a closer look at the impact to its bottom line. First, european regulators have slapped qualcomm with a 1. 2 billion fine for anticompetitive practices. 201 to 2016, qualcomm paid apple to exclusively use its chips in their products. Qualcomm pushed out rivals as a result. Our decision found that qualcomm cemented its decision by illegally shutting out rivals from the market for over five years. Appealualcomm pushed qualcomm o this d
Sarah Huckabee Sanders says more details on President Trumps proposed border wall will be provided monday. The president warned earlier that, if there is no wall, there wont be a deal on protecting undocumented immigrants brought into the u. S. As minors from deportation. After nearly a week of victim impact statements, a michigan judge imposed a 175year sentence on larry nassar, that is the sports doctor who sexually assaulted young gymnasts. Nassar worked at usa gymnastics, which trains olympians. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Is and Bloomberg Technology is next. Emily im emily chang. Emily im emily chang. And this is Bloomberg Technology. Coming up, qualcomm slapped with a message line from european chipmakers european lawmakers. Plus, more highlights from the World Economic forum in davos, including our conversations with bill gates and the ceos of Morgan Stanley and t