Stay updated with breaking news from Yellen bernanke. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Quarter declined because people assumed health care was going to create a delay. Without further delay, lets go to scarlet on home depot. The earnings just came out, a beat, secondquarter earnings per share of 1. 52. Expectedthan bottomline number. Sales topping estimates as well. Depot confirms its fullyear sales forecast. Adding to its buyback program, overbillion Share Buyback the remainder of this year. He moved to engineer a higher earnings per share number continues. With adam parker joining us in the next hour from Morgan Stanley, use of cash. The pressure to deploy cash. You see that in the bhp billiton restructuring. What are we going to do to distribute cash to shareholders. 838 on the the 16 dow. A distinction between home depot and lowes, the Bloomberg Industries team pointed out sales will likely come i ....
Economic symposium in jackson hole is officially underway. Markets around the world can set their clock for the first keynote speech from fed chair janet yellen. Yesterday, Michael Mckee caught up with Kansas City Fed chair after george. Esther george. He asked her about the International Impacts of Monetary Policy. We live in the global world, obviously, and the connections are growing between our countries as the fed thinks about Monetary Policy. It is focused on the u. S. And its mandate, but we talk about the geopolitical risk, we talk about what is happening in the economies of other countries because w we affect each other. Has mario draghi called . Mario draghi has it well in hand, i am sure. Dr ....
Keep in mind down about 3 from the alltime highs and today it is down by 27 points. Currently sitting down by 1. 4 . It is at session lows i do believe. As for the nasdaq, lets take a look at what it is up to. Off by 1. 7 , 76point loss. As for the small cap, russell 2000, little guys are doing it tough, as well. To the downside. Oneyear change is only down 10. 17 . Down 10 , that hit the alltime high in july, july 1st. It is down 10 from that high. Entering correction territory from the alltime high. Absolutely. There is that decline we have seen over the last few months in that. We want your thoughts on all of this and whats happening in the markets. Go online to our website cnbc. Com vote. Tell us if you think investors should be afraid of the markets this month of october. So far, of course, its not been pretty. Talk about it in the Closing Bell Exchange today. While you vote, we have contributor jack varucian, keith fi ....
The nasdaq lower by 15 and the s p 500 lower by 7. Andrew . Thank you, michelle. Hope you had a good weekend. Well tell you about the Corporate News as pimco is working to assure clients it has a solid team in place. Thats what they are telling everybody to manage their funds following the very public departure that surprised so many of us of founder bill gross that happened right here on the air on squawk friday. The bond giant has seen 10 billion in outflow since that news first broke. And the wall street journal now saying some are projecting withdrawals could hit 100 billion or more. The ripple effects from gross departure being felt far beyond pimcos doors. In Newport Beach they dropped upon the gross news. Also, meantime pimcos new ceo doug hodge says they are moving away from the founding. In an interview the total return fund run by gross does, in his words, decline pi ....
Situation. This is private industry that is out there. This is private industry drilling or fracking that helped that. There are some people saying that probably two months from now well see an even more supply that is coming online at that point well be filled up in terms of the storage we have and that excess capacity would go straight to the open market. Some people predicting that could put extreme pressure on prices. Did we roll over the contract . It was down at 42. Youre right. Thats a may contract. Expiring may 15. Thats down about 2. 5 percent. I like the idea. Were a cartel. Weve been, you know pillaging and plundering the world for 25 years but now were out of control. Will you other nonoutput guys come with us . Thats their way of saying its never going to happen. They know the United States is its not fair. Its not fair if the nonopec members arent cut uing. United states is a bigger producer than saudi arabia at this ....