Stocks are headed up to their session highs of a with that said they are still in the red. Right now lets take a look at where they stand. The dow is coming up on the flat line, but the s p 500 is down by about a third of a percent. The s p is down for the second day in a row, and this is its first backtoback losses so far this month. Part of the reason for that is because of the retail data that we did see earlier today. Sales for february falling, and januarys game revised to a decline. We will see how the fed will factor in that with Interest Rates tomorrow as well as the day after. I want to show you the General Health of the s p in its sectors. Four are in the green, six are in the red right now and looking at the positives, Information Technology is of the most, by about a quarter of a percent. Utilities not too far behind. 1. 5 , care is down by which had been preceded by materials. Energy is down by about 1 as well. I also have to talk about what is happening in the pharma worl
Welcome to countdown. Anna welcome to the program, everybody. 6 00 in the morning here in london. Manus warmer here than in zurich. Anna the to have you back in the studio. 1. 6il Company Giving us billion, after estimates of 3 billion. That looks to be below the estimate. Focus on Capital Expenditure and dividend is always going to be manus i am reading the wrong numbers. You are right. Capital expenditure. Anna talking about maintaining the dividend while offering the option to reinvest, do introduce a script dividend. There was concern in the Analyst Community about to what extent the dividend would be protected this time, and into the rest of the year. We will talk to the ceo about that a little bit later. Manus a significant shift the first to do this. They protected the Dividend Rate this is a first in terms of going into the cash, a form of paper. Let us talk about ing. We have full numbers. They come in the what have we got here . 890 million. So, that is a beat on the headline
Sources say that Jefferies Group cut numbers at its income meeting. Focusing on products and mortgages. Because of the energy well, some of those cuts earned bonuses last week. Those of the headlines from bloomberg news. Lets take a look out the asiapacific is looking right now. During the lunch break, this is how other markets are trading right now. Shanghai is up half a percent. Time for bloomberg west. Coming up, we hear directly from mercer mayer about yahoo. I ask her about her turnarounds strategy and whether the company is up for sale. Gopro is thinking again. Back . It get its mojo is a changing of the guard. Biggest challenges for the successor of nbc. First to the lead, gopro shares plunged in extended trading. Investors focused on the Sales Guidance coming in way below estimates. Firstquarter revenue between 160 million and 180 Million Dollars compared to 287 minute dollars and estimates. Million the company is also playing the cfo with ryan mcgee from qualcomm. It slashed t
City. Good morning. I am Erik Schatzker. I am stephanie ruhle. Erik. Its been a while. Good to see you, my brother. My canadian prince. Goldman,e a partner of you get more than the key to the executor of 100 executive. There is a washroom on the executive floor. If i worked on one of those upper floors i would be able to use the restroom. That is me that it is time for the top Global Business stories of the morning. It is another record in what has been a recordsetting year for alibaba. The Chinese Ecommerce Company sold more than 7. 5 billion dollars worth of merchandise in the first 19 hours. Alibaba has turned holiday into eventggest shopping ever. Thanks maybe five 3 million each. Be fined 3 million each. Among the banks involved, jpmorgan come citigroup, and barclays. A new home for some of googles newest technologies. Leavempany has agreed to Silicon Valley for 60 years. Roboticsll use it for and space exploration. The airfield is known for anger 1, 198foot tall structure. It was
Karen says there has been no progress made. Theres a number november 24 deadline. Iran rejects allegations it is trying to build nuclear weapons. Internet Service Providers are dismayed by president obamas call to treat Internet Access to the common carrier, comcast called the president s proposal about a gore reversal that would harm investment and innovation. At t and verizon both indicate they may challenge the plan in court and the industrys chief lobbyist Michael Powell says we are stunned. He also used to run the ftc. President wants the fcc to regular Internet Access with the same rules of does for phone companies. Single state in china, single ay on alibabatis a result record 5. 9 billion worth of merchandise in the first 14 hours of the day. The biggest shopping event in china. Foreign brands are taking part in single brand. Among them, and magneto, calvin klein, and costco. Eagle, calvin klein, and costco. The new york city doctor who came down with the ball is getting out of