Is going to move back up to the 60 to 80 range then certainly Second Generation ethenol will continue to move and i see investments coming into that area. A different story for s. A. P. After slashing its Profit Guidance for 2017 due to trouble with its cloud transition but the ceo tells cnbc that revenues are on a steady path. What i wanted to model for the investors is show them that the core is still going to grow. That cloud will grow even faster and the Business Model makes its full transition will you have more predictable revenues after 2017. Now our attention turns to Morgan Stanley. Earnings taking center stage in the u. S. After the Holiday Weekend with investors honing in on fixed income and the banks commodities business. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. And to our top story, chinas Fourth Quarter gdp held at 7. 3 growth year over year. While the reading wasnt lined with Third Quarter growth missed the official target for
It is the biggest deal in the oil and gas industry in the last decade. Shell has agreed to buy bg group for 70 billion in cash and stock. That represents a premium of 50 on bgs Closing Price yesterday. Shelves ceo told bloomberg the deal is a bargain. Shells ceo. If you look at the combination of the two Companies Come out we could do with the assets the fantastic assets that bg has with our capabilities applied to them, we saw a lot more value in that combination than the market. Stephanie the combined company would surpass chevron as the worlds secondlargest oil and gas producer after exxon mobil and would be able to get rid of overlapping cost to help offset the impact of Lower Oil Prices. The price of oil could fall another 15 if there is a final agreement on a nuclear deal with iran. That is according to the federal agent federal Energy Information administration. Economic sanctions would be eased and that means iran could make a full return to the global oil market. Over in mosco
Yesterday. A 27point range in the s p. Earnings from coach, merck and panera and twitter tonight. Tenyear yields around 2. 72. The fed begins a twoday meeting today and europe is up across the board led by the dax in germany. Our road map goes like this. A day we here at cnbc has been counting down to. Our official first 25 list of rebels, icons and leaders unveiled this morning. Well bring you the ranksings. Merck shares are higher in the premarket after it beat the street despite some generics cutting into revenue and reaffirmed fullyear guidance. Coach shares lower in the premarket. Womens accessories taking a lit despite earnings coming in ahead of consensus. First up, the list is out, this morning cnbc has unveiled its first 25 list as we celebrate 25 years on the year. The people who have had the biggest impact on business and finance over the last quarter century. The top 5 is led by steve jobs, followed by bill gates, ben bernanke, alan greenspan, the google guys, written, page
Stocks set to open higher this morning after another wild day of trading. The nasdaq was down almost 2 at one point before turning green near the end of the day. What can you do to protect yourself in a volatile market like this . We have answers. Shares of bank of america down in the premarket after reporting a First Quarter hit by well a massive onetime loss, 6 billion, related to mortgage settlements. It wasnt all bad news for the bank in the latest quarter and well tell you why. Yahoo soaring after beating estimates in the latest quarter and a lot of that is due to the chinese ecommerce giant alibaba. Outside is the core business still strong. Well talk about that. First up markets set to open higher on a busy day for earnings and data after the roller coaster of a session on tuesday. Nasdaq making its largest rebound in five years. China gdp came in a little better than expected. Helping futures too. Although it was the slowest gdp in about 18 months. But that bounce yesterday, ji