incessantly for the last two weeks, this whole issue of whistleblowers. my name is patrick edington, i m your moderator today. just a few housekeeping notes before i introour guest. i want to make sure everybody have your phones at least on silent or off. any other devices you may have whether they are smart watch, etc., please make sure they are also silenced. when we get to the q&a at the end of this event, i will ask you all to, please, wait to be called upon, wait for the microphone so that everyone in the room and our audience watching online can hear the question, and i ll ask you to identify yourself to include affiliation where applicable. i think it s fair to say that the anonymous whistle blower and i ll continue to use that term of art throughout is just the latest in a long line of individuals who have come forward in the course of the last several decades to make various and sundry allegations about government and its conduct and, in some cases, corporate, no
of a percent hang seng was up by just over a tenth of a percent and the shanghai composite up by 1.25%. active trading in the european markets. things are relatively flat cac is flat. ftse is up by a quarter of a percent. and we are watching crude oil prices this morning. saudi arabia s energy minister announcing a supply cut in december of 500,000 barrels a day. that would represent a reduction in global oil supply of half of 1% saudi said it s making the cut because of global oversupply the minister making comments talking about how the markets being down are misreading what s happening here wti still just above $60 a barrel and we have a big news of a deal sap buying qualetrics. they compete with survey monkey. they re buying it for $8 billion in cash. that was as qualetrics was set to go public this week they offer software to collect and analyze data qualetrics competes with survey monkey which went public in september. shares of ap trasap trading at . morgan stanley w
the day, joe tear nova, josh brown and pete najarian. stocks are falling sharply a day after the dow notched its 15th biggest close on the year. the 10-year touching its highest level in years, approaching what some have said is the most critical level yet i don t know if we could hit 325 today, but we re jumping and jumping fast we re on our way to 325 statistically when you move 25 basis points over a 30-day period in the treasury market, the s&p over the last 40 years, average return, is unchanged if we re going to move 15 basis points in the course of 48 hours, we re on our way of moving 25 basis points the s&p continued appreciation that s going to be halted. all i ve heard in this desk from everybody sitting here is that the market is ready for this higher rates. the economy is on fire. it is but it s going up as fast as the velocity of which the rates what if they rise 25 basis points down 65 on the dow now. the s&p can t rally over 40 years, if ove
thousand jobs at its global power business it s trying to become a more focused company and if this story sounds familiar look no further than here in germany g.e. decided on the currency it says to save over a billion euros in twenty eighteen the company s stock has plunged forty four percent this year and the downturn is not only affected g.e. rivals in china which generates clean energy and doesn t contribute to climate change and solar has become a more realistic alternative since the dawn of battery storage solutions to store daylight energy. the u.s. company says it expects dwindling demand for fossil fuel power plants to continue g.e. said the job cuts would primarily take place outside the united states but nearly a third of the company s swiss workforce is set to go and sixteen hundred employees in germany are also likely to lose their jobs. it s of course a story that affects the many many people who want to discuss this with our financial correspondent on wall stre
business it s trying to become a more focused company and if this story sounds familiar look no further than here in germany g.e. decided on the cuts it says to save over a billion euros in twenty eighteen the company s stock has plunged forty four percent this year and the downturn is not only affected g.e. rival siemens is cutting about six thousand nine hundred jobs its power and gas division has also been hit by the rapid growth of renewables like wind and solar the worldwide trend is towards finding renewable energy solutions like this wind park in china which generates clean energy and doesn t contribute to climate change . and solar has become a more realistic alternative since the dawn of battery storage solutions to store daylight energy. the u.s. company says it expects dwindling demand for fossil fuel power plants to continue g.e. said the job cuts would primarily take place outside the united states but nearly a third of the company s swiss workforce is set to go