Coming up, two guys who are facing off each other in the ring when it comes to puerto rico. Jim millsteen, renowned restructuring attorney, advising puerto rico. Well talk to him about puerto rico. He was at treasury during the financial crisis. Knows a lot about that is go on with the European Banking system. Well discuss that with him as well. And ambac could lose a lot of money if jim millsteen gets his way. Well talk about that coming up. What is happening in puerto rico, guys, emblematic of what is happening in the world. Too much debt that people, governments, companies, cant pay back. Tyler, back to you. Thank you very much. Enjoy the warm weather down there. About 22 up here in englewood cliffs. Janet yellen getting grilled on capitol hill. The verb we always use when somebody goes up on capitol hill it seems, saying negative rates are not off the table. Lots of red numbers right now. Lets look at the dow, which is off by 322 points, not the lows of the day, but nevertheless, b
Assignment this week. Who is taking her place today . Contestant is bill cohen. Theing me out at all hours, bloomberg contributing editor, welcome. Great to have you here. I am no replacement for stephanie, but i will try. I know you will. The top stories out of business and finance, let us begin with oil prices. The lowest level in 12 years, brent crude is at its lowest level. Also already facing the highest capital surcharge under International Rules and the bank may have to than 20 billion in Additional Capital because of new regulations proposed by the Federal Reserve. The capital boost would not be due until 2019. Wellgan says they are capitalized and intends to meet the requirements, whatever they are. Shares of yum are trading lower. Forecastp their profit for the year. Yum was hurt via food scare in china, a huge source of its profits. Kfc is very popular there. In july they were investigated for altering expiration dates on their meet, not what you want. Beat posted earnings t
There are concerns about cracking down on money transfers and that might dampen the demand for gambling. Analysts have come out and said maybe the concerns are overblown. We have seen these stocks in down across the board. They are sharply lower. Time now for our big story, deal or no deal. Top executives from comcast and Time Warner Cable are just finishing up on capitol hill, defending the 40 billion merger. Lawmakers are concerned about what it means for consumers and prices. Testifying against the deal before the House Judiciary Panel , cogent medications, rural media group, an american cable association. Yang yang joins us. What were the highlights . Clocking in at four hours, plenty of arguments on both sides. Understandably, it was david cohen, executive Vice President of comcast, who fielded most of the questions. He seems to be an old pro in these type of hearing. Before the senate last month. Theres only one question he could not answer, and that was whether or not the deal w
Marietta College has announced the induction of two esteemed alumni into the Petroleum Engineering & Geology Hall of Fame on Thursday, April 25. The induction c
Marietta College is proud to announce the induction of two esteemed alumni into the Petroleum Engineering & Geology Hall of Fame on Thursday, April 25. The induction ceremony will occur at The Gathering Place, with a reception beginning at 5:30 p.m. and inductions at 6:00 p.m.The inductees are Eugene L. Huck ’79 and Jim Metcalf ’79, both of whom have distinguished themselves through remarkable careers and contributions to the oil and gas industry.