Whats even more peculiar, Energy Shares were among todays tom performers even as one of the biggest names in the sector said it will slash its capital spending. More on that in just a moment. By the close today the dow industrials rose 82 points to 17,574. Nasdaq gained 22. And the s p 500 added 4. As for domestic crude, it fell another 1 to close at 36. 76 a barrel. A report from opec pressured prices. The cartel says it pumped more oil in november than during any month in the past three years. Those low oil prices prompting Conoco Phillips to cut spending on projects next year by 25 . It also follows similar moves by other oil companies. Response in the stock price was positive with shares rising about 1 1 2 . Morgen brennan has more on the latest Energy Company to feel the heat from the slide in crude. The u. S. Oil major releasing its operating plan and Capital Budget for 2016 sxid and the latest round of cuts are steep. Conoco phillips 2016 Capital Expenditures 17 billion down 25
France and italy are positive. The dax in germany lower by a fraction of 1 . In asia, major markets are mixed at this hour among the headlines out of the region. Growth in Chinese Services sector slipping to a sixmonth low in july. The nonmanufacturing pmi showed new orders rose at the weakest rate in at least a year. Brian, the nikkei is down slightly but the rest of the major averages across asia are slightly higher. Kayla, thank you very much. Folks do think its a slow summer week. You better think again because another big round of earnings are coming your way. Among the Companies Set to post numbers this week, aig, disney, time warner, aol, fox, cbs, wendys and hundreds more. The wall street journal reporting overall revenue in s p 500 companies seat to rise 4. 3 from last years second quarter. And that, folks, marks the fastest growth since the Fourth Quarter of 2013. The article also notes other companies that have already reported their earnings. Twothirds have beat the sales t
Historic winters last gasp . And new questions. Federal officials possibly reopening the investigation into the notorious plane crash that killedly agendaary singer buddy holly and richie valley. Why its reconsidered 56 years later today wednesday, march 4, 2015. Announcer from nbc news this is today with matt lauer and Savannah Guthrie live from studio 1a in rockefeller plaza. And good morning everyone. Welcome to today on a wednesday morning. All winter long weve been talking about the city of boston because they have been dealing with this horrible weather. That city is in the headlines. Boston waiting for this day, Opening Statements starting today in the trial of boston bombing suspect Dzhokhar Tsarnaev. Peter alexander is at the courthouse for us. Good morning to you. Good morning to you. This was the worst act of domestic terrorism since 9 11, and the longawaited trial of Dzhokhar Tsarnaev is under way at the Federal Court House behind us here. Just two miles from where the bost
Hayward and further south we get the rain shadow effect where the rain is held back from the south bay. So you are looking dry right now, but rainfall amounts will continue to add up throughout the overnight hours as our second colder system comes our way. But a break this afternoon. Numbers in the 60s. Today the warmer day. Terry. Thanks very much. San jose police spent much of the night searching the area around a high school after a chase of Armed Robbery suspects turned into a shootout, leaving one officer injured. Happened shortly after 9 00. Suspects were spotted by police of. There was a highspeed chase. One suspect jumped out and fired at police. Officers were injured when several rounds his his police car. One round struck the officer or ricocheted and struck the officer but he was injured as a result of that. A second officer who was on scene jumped out of his car, returned fire. One suspect ran away and another got back in a car and was last seen near over hilt high. The off
We are live from bloombergs European Headquarters. I am guy johnson. Lets get to our top stories. It limits are sending out pressure on hamas to extend a ceasefire that has in a conflict that has killed nearly 600 people. Israels president spoke today about the cancellations. This is what he had to say. It is not to stop the flights, but to stop the rockets that are endangering the flights. , speaking earlier. Lets go to elliott gotkine. The faa putting a ban in place. It is a 24hour ban. Lets talk about that and put it in the context of what we are seeing in this wider conflict. Ban from the federal aviation administration, almost like an automatic ban after a rocket hit a house about mile north of the airport now, there are Airlines Flying in and out. British airways is flying. El Al International carrier is still flying. Is proposing that other airports step into the breach to replace flights that want to fly to tel aviv. It is not just the damage in terms of the number of people th