The fed is expected to raise the benchmark Interest Rate sometime next year. Some question whether that might be too soon given what we have seen in the markets. A potential merger in the Railroad Industry will not be happening at least for now. Rejected a proposal sometime in the past week. A deal would have created a rail specific transcontinental reach. If there will be another offer. Down 11 bill ackman on the first day of trading in amsterdam. Panic and redemption define investors. Here is what he said. We are not Berkshire Hathaway. That is not a bad business model. You think about a longduration business strategy. We will buy large stakes in Public Companies like we have in the past. Do you think of yourself more like Warren Buffett . A betterk that is choice. Im friendly with mr. Carl icahn. In terms of Investment Strategy, we are much more like Berkshire Hathaway. The first time, someone has contracted ebola inside the United States. Is Hazardous Materials crew decontaminating
In the First Quarter, a drop from the First Quarter. Analysts were looking at increase. That really speaks to the idea that the volatility we have seen in the Fourth Quarter is not necessarily helping revenue. Reporting its first training revenue since the financial crisis. The volatility people thought would be good has turned out to be a bad volatility. Also in the citigroup report, we have a Net Interest Margin of 2. 92 . It is a little bit better than what analysts have been looking for. An improvement over the Third Quarter as well. Wells fargo at 2. 4 , slightly better than what it had been anticipated to report. Still looking at 20 year lows. It is a continued weight on the banks. Trading right now is down about 2 . Thank you. We will check back in with you later. I wanted to give our viewers a look at the top stories. Definitely at the top of the list. The central bank has rocked the Financial Market this morning. Its minimum Exchange Rate against the euro will no longer fund a
Phase one complete. Syrias stocks of chemical weapons have been placed under seal. Lawmakers in turkey wore their headscarf in parliament for the first time in 14 years. Frances president tells football bosses he will not drop his super tax. Syria can no longer produce new chemical weapons. That is what the watchdog announced this thursday. The day before the deadline set. A detailed plan to destroy the chemical weapons stock pile. One day before deadline, according to the organization for the prohibition of chemical weapons, the regime has destroyed the facilities used to produce chemical agents. We have observed all the destruction activity. They are not in a position to conduct any further production, mixing of chemical weapons. Syria agreed to destroy all of its chemical weapons after washington threatened to use force. That was in response to the killing of an estimated 1400 people in an attack near damascus in august. President assad said rebels were behind the attack. They visit