Start. Not going to get ahead of the dinner tonight, but it shows a great indicator that we have a big agenda and a very ambitious agenda legislatively this fall. Maria tax reform not the only thing on the president s play. The commanderinchief will survey the devastation left by hurricane her mother. Latest on the Recovery Efforts this morning. Features indicate a lower opening for broader averages today after another record set yesterday. Dow jones industrial polling 12 points, non sequitur by 11. Look at the European Industries for the ft 100 is down half of 1 in london. In asia overnight, markets close this way amid the nikkei average in japan up one half of 1 . Shanghai also hired petition higher cost below are appeared from the 1000 2027488001 awash with cellular service, weve got all the factors from apples big event yesterday. Theres the stock all that down two thirds of a percent. Espn host under fire this morning. Jamal hill sparked outrage after a controversial treat calling
Issues at play with two special guest hosts. Wharton professor of finance Jeremy Siegel and trusted american businessman steve forbes. Both onset and ready to start this discussion at 6 00. First, though, andrew has a few of the top business headlines. Lets talk about some of the headlines this morning. Cisco systems buying Cloud Network start up meraki for 1. 2 billion in cash. It was founded in 2006 by members of m. I. T. s laboratory for computer science. Joe, i dont know if you take credit for any of that. Bp plans to spend up to 5. 9 billion buying back stock. Last week the oil giant agreed to pay record criminal penalties over the deepwater horizon disaster. And americans are carrying more Credit Card Debt and being less diligent about making on time payments. Trans union now reporting that average Credit Card Debt for borrowers grew 4. 9 in the Third Quarter and meantime the rate of credit card payments at least 93 days overdue rose slightly to three quarters of a percent. This
Expected demand. The tech giants orders for screens for the first three months of the year have dropped to roughly half of what it had previously planned to order. Apple is said to have notified the suppliers of the order cut last month. Take a look at shares of apple. As you know, theyve been under pressure for a while. Right now, down about 3 . Just over 3. 5 or just under 3. 5 . 3. 3 to 503. 11. Oracle released an emergency update to its Java Software yesterday. However, it failed on protecting pcs from hackers. Last week, users were told to disability java apps. Andrew. Also in the headlines this morning, u. P. S. Withdrawing its 7 billion bid for tnt express on expectations that European Commission will be preventing that merger. In japan, Japans Transport Ministry has announced its launching an investigation into causes about fuel leaks. Yesterday, the airline said a 787 undergoing check necessary tokyo following a fuel leak at the boston airport last week during their test and i
Points below fair value. We have some different nebs going on at the top of the screen than we do on that fair value board. Well check on that, as well. Dell is said to be in talks with private companies in reports of a possible guyout. The journal says jpmorgan is involved in the negotiations. Dell shares have been soaring near an eightmonth high on first word of this news yesterday. You can see up about close to 2 to the premarket sales. 64 is the last dip. In other technology news, facebook is holing a press conference today. No word on what the big announcement will be. Youve heard a lot of analyst saying it could have something to do with a morrow bust search feature. Also, banking regulators are ordering jpmorgan to tight. Risk controls after the banks multibillion dollar lending trading losses. The orders from the fed and the office of the comptroller, not named individuals have been called and they do not levy any monetary improvements on the bank. Including take risk outcomes
It remains to be seen if the city will allow a crematorium on Bainbridge Island, but a moratorium on such a facility will be in place for at least six months.