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House correspondent Phil Mattingly joining me here in new york, following development as the u. S. Government prepares to say north koreas behind the cyber attack on Sony Pictures. Click last night, president obama said americans should go to the movie theaters, but behind the scenes at the white house there are serious reverberations about what has been going on with sony. There have been a series of meetings between the president S National Security team, Law Enforcement officials, and intelligence officials as well. That u. S. Sion investigators have determined that the north cream government has had a significant role as an actor in the attack on sony. What does that mean . U. S. Officials are still debating how to respond, but there are a number of respons ....
Fazed. He says the penalties are not working. They are not working. In political terms. They may be having an effect on both sides in the economic area but not politically. Talks are scheduled to resume in belarus over the conflict in ukraine. Government bonds higher with global debt markets poised for the best january on record as stocks have the best start since 1989. Futures hell fell on the strength of the u. S. Economy falling three basis points in london. A beat for amazon and miss for google. The amazon c. E. O. Shows he can pull out profit posting net income of 214 million on sales of more than 29 billion. Sales surged more than 12 in extended trading. Different for gaggle. It missed sales and the advertising business faced more. It climb to 14. 5 billion and they were looking for 14. 7 billion. I. P. O. For shake shack. Raising 105 million amid strong investor demand. It sold five million shares at 21 each. It begins trading today. We will eat wings later. It is listed on the ....
Lauvens the first ltro are expected to disappoint. Results out in over an hour. Moving camps and demonstrators out of the financial district after more than two months of occupation. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. We are just getting news out of norway. Theyve cut the deposit rate by 25 basis points to 1. 25 . We were expecting a slightly easing meeting announcement. We werent expecting an outright rate cut until early next year. Low Oil Prices Hit a fiveyear low against the euro, which given the eurozone weakness is quite astonishing. The economy has been weakening. T inflation, the most recent number declining slightly more than expected, but only fractionally. That has led the central bank to cut the deposit rate to 1. 25 . The norwegian krona has stre ....
Last decade, billions of dollars were invested in upgrading refineries in texas louisiana and those were on the gulf coast to process heavy crude oil now we have a surplus of light crude. So its created problems. I think the concern of surplus of light crude, because they are typically the shale, those wells are very shortlived, but theyre much cheaper to drill in the army are once. So theres some issues with our be going to have to reinvest for those refiners another 2. 5 billion to handle the lighter crude . There are upgrading and new Construction Projects underway right now to allow the refiners to handle that. A lot of those are taking place in your district. As eia looked at the issues . In the past we typically choose whatever we refined in the country, but now we are producing so much more that its actually, were having those downstream jobs better exports. Back in houston were exporting just times in the last few y ....
1970s. But this isnt the 1970s. One of the key questions he already asked. What would happen if we are repealed the ban . What would happen to domestic gasoline prices . I havent seen any study that says they would go up. And, you know, the reverse question would be what would happen if we dont . What happens to Domestic Oil Production in the midterm and long term if we keep the ban in place . The key issue there is the market for domestic crude oil. U. S. Refinery capacity, i think, is around 12 Million Barrels a day. Is that correct . Domestic crude oil is close to nine Million Barrels a day. You get to 12 by adding in biofuels. Im asking what the refinery capacity is . Over 16 Million Barrels a day. Its over 16. Yes, sir. Okay. I didnt think it was th ....