And also at one market in san francisco, mike isaac. Good morning to all of you. We start of course with that apple story. U. S treasury secretary jack lew with some stuff tough talk about the 14. 5 billion dollar ruling that came yesterday. The decision creates an environment of uncertainty. Our concern with European Commission action is that it is using a state aid theory to make tax law and it is doing it in a way thats retroactive and overrides National Tax Law authority in our view and we think that it undermines the environment in europe. For International Business because it creates uncertainty. It undermines the cooperation between paul ryan the House Speaker called it awful. Are you surprised to see such tough talk about a situation determined by europe . It has far reaching implications. And european leaders on the fact that its creating an environment that is not favorable for u. S. Business and perhaps even its over the top negative. For u. S. Businesses operating in europe
Last two weeks. The yields on debt that comes due in one month have risen to levels higher than yields for maturity thats dont secure for six months. Thats a big deal because normally an issuer would pay to borrow for longer periods of time. The institutions want to avoid being stuck with debt in the event of a default. Citigroup has told clients it would rather not take treasuries on october 24th as a sign of collateral. Andrew, this a sign your money is no good here. Weve got more on the situation in washington in just a few minutes. I dont know if people are going to be taking paengz or not, but i think we should see a number of Companies Set to post Quarterly Results for today. Before the bell, well hear from the follow. Citigroup, cocacola and johnson and johnson. Intel and yahoo are among the other we will be hearing from. Burberrys ceo is leaving the British Fashion house to move to, guess where . Apple. Angela ahrendts is going to take up a newly created position at apple with
Looked less likely. The dow shot up 206, the nasdaq 45, s p raced up 24 and is back above 1,700. Gold and oil fell slightly. Also helping to prop up the market the fed sees modest to moderate economic growth. In earnings after hours ibm earnings beat wall streets view but revenue came up short. Ebay dissappointed the market. Earnings were up but the outlook as down. Microsoft releases its windows 8. 1 upgrade as a free downgrade starting today. The software is attempting to bridge the gap between tablets and pcs. Gm is offering motorists a gas choice the new impala can run on regular gasoline or compressed natural gas. Its a first in the Auto Industry and goes on sale next summer. In trader talk this morning, our favorite gloomy gustodd horwitz of average joe options. Good morning. Are you feeling gloomy . We dodged a bullet here. Good morning angie. And the oscar goes to washington d. C. For the best acting ever. Telling us they werent gonna solve it and of course they solved the prob
FARMINGDALE, NY, Dec. 15, 2023 Enzo Biochem, Inc. today announced financial results for the first quarter ended October 31, 2023. First Quarter Highlights The Company s Life.