Wednesday, August 31, 2016

Kevin Mahn: Fed will likely raise rates twice this year

Kevin Mahn, Chief Investment Officer at Hennion & Walsh talks with Bobbi Rebell about the financial markets and hwere he things investors will get the best returns.

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Why American Girl is breaking tradition with Toys R Us deal

Mattel's American Girl will for the first time start selling its dolls outside of company run locations and website in a store-in-store deal with Toys R Us.

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Mattel’s American Girl on sale in Toys“R”Us

Toys“R”Us becomes the only U.S.-based retailer to sell Mattel's American Girl. Bobbi Rebell reports.

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Historic U.S. flight arrives in Cuba

The first U.S. commercial passenger flight to Cuba in over fifty years landed Monday. But U.S. airlines flying there will lose money in the short run. Fred Katayama reports.

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Mattel to sell American Doll at Toys 'R Us

The deal is a big move that will broaden American Girl's footprint and expand its fan base, Jim Silver of TTPM.com tells Reuters' Fred Katayama.

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Theranos withdraws Zika test

The embattled blood testing firm's move comes after regulators found Theranos failed to implement proper patient safeguards in its study. Fred Katayama reports.

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DB's Cryan urges mergers for Europe's banks

Deutsche Bank chief John Cryan is calling for cross-border bank mergers in Europe to help deal with the sector's fragmentation and a tight squeeze on bank profits. Laura Frykberg reports.

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First U.S.-Cuba scheduled flight in decades set to depart

The first regularly scheduled commercial flight between the United States and Cuba in more than half a century is set to depart on Wednesday, starting a new chapter in the Obama administration's bid to open trade and travel with the former Cold War foe. Nathan Frandino reports.

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Greece launches TV auction amid media fury

Greece's left-led government auctions off four nationwide TV licenses despite vehement protests by broadcasters who see an attempt to control media in the crisis-hit country. Hayley Platt reports.

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France's Macron - the right man for president?

French Economy Minister Emmanuel Macron has resigned to work on proposals "to transform France", clearing the way for a presidential bid next year that will further unsettle an already wide-open race. Laura Frykberg reports.

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Mario Draghi's data dilemma

Record employment figures for Germany, according to new data, but still virtually no price demand in the euro zone as a whole sharpen the twin horns of Mario Draghi's policy dilemma ahead of next week's ECB meeting. David Pollard reports.

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Tuesday, August 30, 2016

EU tells Apple to pay up

The European Union antitrust regulators ordered Apple to pay up to $14.5 billion in taxes plus interest to the Irish government. Bobbi Rebell reports.

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Apple ruling could spell more trouble for other techs- Ablin

Jack Ablin, Chief Investment Officer at BMO Wealth Management talks with Bobbi Rebell about the impact of the Apple ruling on tech stocks and his outlook for the markets.

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EU could go after more U.S. companies on taxes - analyst

Apple's chances of a successful appeal on the EU's move to slap a huge tax bill is slim, and more U.S. companies could become targets, says Euan Rellie of BDA Partners.

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Top U.S. trade official to head to Europe to work on trade deal

White House spokesman John Earnest says U.S. Trade Representative Michael Froman will travel to Europe in September to try to push forward a free trade pact with the EU. Rough Cut (no reporter narration).

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Abercrombie & Fitch ditches turnaround hopes

A fashion mishap and a drop in international cash coming through the doors pushed Abercrombie and Fitch to abandon talk of a sales turnaround.

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Abercrombie struggles for sales

The teen retailer's sales fell for the 14th straight quarter. As Fred Katayama reports, the company also issued a weak outlook, and shares tumbled.

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Breakingviews: Apple turnover

Jeff Goldfarb and Richard Beales discuss the European Commission's claim that Apple owes Ireland up to $14.5 bln in taxes – and why the company, Ireland and the U.S. Treasury disagree.

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Lotte probe exposes flaws of Korea Inc

South Korea's big family-run companies prize loyalty to the company and boss. That might sound like a good thing, but as Ryan Brooks reports, it's hard for loyalty and good corporate governance to co-exist. And it can even lead to tragedy.

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Brexit drags latest UK data

The latest data readings - and the jury - is still split over what impact Brexit is having on Europe, while globally, markets shrug off Janet Yellen's warnings of an early US rate hike to come. David Pollard reports.

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TTIP talks - heading for termination?

The TTIP transatlantic trade talks appear to be in mortal peril after France adds its voice to calls from Germany for an end to the negotiations. As Laura Frykberg reports, three years of talks have so far failed to resolve myriad differences between the EU and US.

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Financials lift stocks

Consumer spending rose for the fourth straight month in July and financials rose on increasing expectations of a Fed rate hike. Bobbi Rebell reports.

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Monday, August 29, 2016

Jeff Tomasulo on what could knock stocks down

Vespula Capital's Jeff Tomasulo talks with Bobbi Rebell about why he believes the market will fall in the short term, and how investors can protect themselves.

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Mylan's generic EpiPen will bite into earnings

Putting out a cheaper generic version of its EpiPen could cut Mylan's earnings by up to 10 percent, says Bernstein senior analyst Ronny Gal.

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Demand for cars boosts U.S. consumer spending

U.S. consumer spending up for a fourth straight month in July, pointing to a pickup in economic growth that could pave the way for the Federal Reserve to hike rates this year. Bobbi Rebell reports.

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Consumer spending has Fed on track for rate hike this year

consumer spending rose in the U.S. for the fourth straight month. Economist Andrew Husby of Decision Economics says the Fed will likely hike interest rates in December.

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Mylan to launch generic EpiPen

The drug maker's generic EpiPin will sell for $300, half the cost of its branded product. The move comes amid criticism from the public and lawmakers over big price hikes. Fred Katayama reports.

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German Vice Chancellor: U.S.-EU free trade talks have failed

Germany's Vice Chancellor says U.S.-EU free trade talks have essentially failed. Rough Cut (no reporter narration).

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Sunday, August 28, 2016

Wall St. closed mostly lower after volatile session

Investors wrestled to digest various comments from Fed officials creating a volatile final trading sesion of the week. Bobbi Rebell reports.

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Saturday, August 27, 2016

Breakingviews: Interstellar venture capital

Rob Cox and Richard Beales teleport to a newly discovered Earth-like planet in Alpha Centauri and discuss how research backed by tech titan Yuri Milner could get us there.

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Strong case for rate hike - Yellen

The case for a U.S. interest rate hike is strong thanks to improving labor market and expectations for solid growth, says Federal Reserve Chair Janet Yellen. Bobbi Rebell reports.

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Friday, August 26, 2016

Apple fixes dangerous security flaw

Apple issues a patch to fix a dangerous security flaw in iPhones and iPads after researchers discover a prominent UAE dissident's phone was targetted with a previously unknown method of hacking. Hayley Platt reports.

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Tough talk from France's Sarkozy

Nicolas Sarkozy said he would impose a nationwide ban on burkinis if elected back to the French presidency in 2017, positioning himself as a strong defender of French values and tough on immigration. Julian Satterthwaite reports.

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Markets: Yellen takes centre stage

Janet Yellen takes centre stage at the Jackson Hole central banking symposium - investors waiting nervously for any steer on future U.S. rate hikes. But as Kirsty Basset reports, the Fed chief also faces a more fundamental question: is conventional monetary policy running out of road?

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Strikers kill minister, says Bolivian government

The Bolivian government says a deputy interior minister has been beaten to death after being kidnapped by striking mineworkers. David Pollard reports.

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Thursday, August 25, 2016

Mylan offers discounts on EpiPen after Clinton criticism

Mylan said it would reduce the out-of-pocket cost of its severe allergy treatment EpiPen through a discount program, a day after Democratic Presidential candidate Hillary Clinton criticized the drug's high price. Bobbi Rebell reports.

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St. Jude heart devices hackable -short seller

The stock of pacemaker manufacturer St Jude Medical fell after short-selling firm Muddy Waters said it had placed a bet that the shares would fall because of cyber security vulnerabilities in the company's cardiac devices.

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South Africa 'Hawks' crisis hits investor nerves

South Africa's rand recovers some losses and bonds bounce off two-month lows after Finance Minister Pravin Gordhan refuses to present himself to police over a probe into an alleged 'spy' unit at the country's tax service. David Pollard reports.

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Breakingviews: Mylan's allergic reaction

The drugmaker is offering discounts on its EpiPen allergy treatment after lawmakers criticized the high price. Rob Cyran and Jeffrey Goldfarb analyze the company's response.

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Samsung & Tencent grab tech spotlight

South Korea's Samsung and China's Tencent are pushing forward into the global tech limelight with stock prices sitting around record highs. As Tara Joseph reports, both firms have launched successful products in a crowded and competitive sector.

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ECB says banks' profits down 20%

A gloomy outlook for euro area banks from the ECB - which says net profits across the sector fell by 20% in the first quarter. As Kirsty Basset reports, all main sources of income are down, the banks themselves pointing the finger back at the ECB over its policy of ultra-low interest rates.

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Wall St. falls on weakness in materials, healthcare

Stocks took a step back on Wednesday as many investors turned their focus to Friday, when Fed Chair Janet Yellen will speak in Jackson Hole, Wyoming. Bobbi Rebell reports.

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U.S. housing market on solid ground

U.S. home resales fell, but prices continue to trend higher. This comes a day after government data showed new home sales vaulted to a nine-year high in July. Bobbi Rebell reports.

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Wednesday, August 24, 2016

German economy: steady as she goes ....

A rise in German exports, higher state spending and private consumption more than compensated for weaker investment in construction and equipment, helping Europe's biggest economy grow at a modest, albeit slower pace in the second quarter. David Pollard reports.

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Breakingviews: Chile's "luxury" woes

Antony Currie and Martin Langfield explain why the country's political-funding scandal, pension problems and an economic slowdown would feel like a vacation for Brazil's leaders.

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Lloyds CEO to stay amid private life scrutiny

Lloyds Banking Group Chief Executive Antonio Horta-Osorio has apologised to staff for damaging the bank's reputation but said he intended to continue running the British lender following press scrutiny of his private life. Hayley Platt reports.

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Burkini creator sees sales rise after French ban

The Australian creator of the burkini sees an increase in sales and popularity of the full body swimsuit since the temporary ban on certain beaches in France. Hayley Platt reports.

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Mercedes eyes Silicon Valley-style overhaul

German carmaker Mercedes Benz is taking tips from Silicon Valley for a management overhaul to help it see off younger rivals. Lucy Fielder reports.

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Glencore says 'on target' despite volatile markets

Glencore reports first-half underlying profit down 13 percent at $4 billion. But, as David Pollard reports, it says it is on track to sell assets and lowers its net debt target to between $16.5 billion and $17.5 billion this year.

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Massive data leak hits French submarine maker

The French shipbuilder which earlier this year won a A$50 billion contract to build Australia's next generation of submarines has suffered a massive data leak. As Tara Joseph reports, it raises doubts about the security of one of the world's biggest defence projects.

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China muscles into extreme sports market

From marathons to bodybuilding, athletes across China are sweating their way into extreme fitness. As Tara Joseph reports, the fitness industry is now worth billions of dollars annually in a nation previously know for sports like table tennis and badminton.

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Tuesday, August 23, 2016

Best Buy profit beats estimates

Best Buy stock soars on much higher-than-expected quarterly profit and raised outlook. Bobbi Rebell reports.

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Best Buy beats back Amazon in latest quarter

Shares of Best Buy enjoyed their biggest one-day gain in 16 years after quarterly sales show the electronics retailer is standing up to Amazon's assault on the retail world.

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Breakingviews: Viacom's interim drama

The best reason to keep longtime exec Tom Dooley beyond September is to sell off the media company's assets to the highest bidders. Jen Saba and Rob Cox discuss.

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Paris counts cost to tourism of attacks

Islamist attacks, strikes and floods kept foreign tourists away from the French capital in the first half of the year and cost the Paris region tourism industry some 750 million euros in lost revenue. As Sonia Legg reports, tourism bosses say massive investment in the sector is needed.

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Investors cheer on 'The Punisher'

The Filipino president's bloody war on drugs may be turning heads but, as Ryan Brooks reports, Rodrigo Duterte's getting top marks from a business community that predicts an economic boom.

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Sponsors dump Ryan Lochte

The 12-time Olympic medalist has lost all four major endorsement deals after his tale of his alleged robbery at gunpoint in Rio enraged local officials. Fred Katayama reports.

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VW suppliers settle dispute after marathon talks

Volkswagen and two of its car parts suppliers appear to be edging towards a resolution of a contract dispute that has hit output at more than half of its German plants. Sonia Legg reports

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Wynn opens Macau's most expensive casino

The odds don't look too good for Steve Wynn, opening Macau's most expensive casino this week even as gambling revenues continue to sink. Reuters Eve Johnson looks at why the casino tycoon is taking the risk.

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Monday, August 22, 2016

Wall Street ends flat

A rise in biotech stocks partially offset a fall in energy shares. This comes ahead of Fed chair Janet Yellen's speech later this week as Fred Katayama reports.

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VW says six plants hit by supplier dispute

Volkswagen says it's facing production delays at more than half its German plants because of a row with two suppliers. As Laura Frykberg reports, the dispute could cost the automaker tens of millions of euros on top of the cost of the emissions scandal.

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Bank branches down, but not out in digital age

Despite the rise of online banking tools, Americans still go to a physical bank several times a quarter, forcing banks to keep costly branches open.

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Europe leaders discuss Brexit gameplan

The leaders of Germany, France and Italy are meeting to discuss how to keep the European project together. As Sonia Legg reports, it's the second set of talks between the premiers of the euro zone's three largest economies since Britain's shock vote to leave the bloc.

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Millennials say 'no' to debt

Millennials shun any kind of debt, especially credit cards, and their reluctance to pull out the plastic could have lasting repercussions for the financial system and the economy, according to an expert. Fred Katayama reports.

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An old boom town struggles in the new China

Yulin once soared to success on a natural resource boom during the heady days of China's economic golden years… and tried its best to follow Beijing's prescription to switch to service industries like tourism. But as Ryan Brooks reports, the plan has largely failed.

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Breakingviews: Inter-generational strife

Kevin Allison and Richard Beales debate some of the realities – and myths – of the wealth gap between baby boomers and millennials, and what can be done to close it.

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Why Mercadien's Ken Kamen thinks the bull market is not over

Ken Kamen, President of Mercadien Asset Management talks with Bobbi Rebell about what he believes will drives stocks higher and which candidate the markets believe will win the Presidential election.

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Fed keeps markets guessing

Mixed signals ahead of the US Federal Reserve's next polciy meeting have kept markets guessing over a possible September rate hike. As Ivor Bennett reports, this week's meeting of central bankers at Jackson Hole could influence its decision.

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Friday, August 19, 2016

AT&T, Apple, Google to work on 'robocall' crackdown

Tech giants and the U.S. Federal Communications Commission launch crackdown on robocalls. Bobbi Rebell reports.

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Wall Street closes out the week in the red

U.S. stocks edged lower on Friday, as investors weighed prospects for an interest rate increase in the coming months. Bobbi Rebell reports.

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Early days for UK data in long Brexit game

The first official budget figures since Britain voted to leave the EU show a smaller-than-expected budget surplus. As post-referendum data continues to trickle in, attention is turning to what sort of access Britain will seek with its main trading partners in the EU. Kirsty Basset reports.

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Viacom, Redstone agree to settle

Viacom CEO Philippe Dauman will step down as part of a settlement with controlling shareholder Sumner Redstone. But as Fred Katayama reports, this could create leadership turmoil.

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Breakingviews: Viacom on Wall Street

Antony Currie and Jennifer Saba argue the TV company needs to invest in new content or get into the M&A game now CEO Philippe Dauman is gone. That'll bring investment bankers flocking.

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Oil rally eases, fundamentals remain

Oil prices have rallied sharply in recent weeks amid hopes supply could be cut, but analysts warn the rally was overblown. Hayley Platt reports.

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Migrant workers in Saudi demand pay

Migrant construction workers, abandoned in their thousands by Saudi employers in filthy desert camps during the kingdom's economic slump, say they will not accept a government offer of free flights home unless they receive months of unpaid wages. Rosanna Philpott reports.

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Can money buy Olympic success?

With 56 medals already in Rio, Team GB's Olympic athletes have been enjoying their most successful ever Games on foreign soil. But how much of that is down to hard work and how much is down to hard cash? Ivor Bennett reports.

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Thursday, August 18, 2016

Keith Bliss "the market just wants to keep moving up"

Cuttone & Co's Keith Bliss talks with Bobbi Rebell about the stock market momentum and where he sees it going from here.

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Rio's posh corporate hospitality

Companies like Omega and Cisco Systems have built lavish hospitality houses to entertain guests at the Rio Games, but some are over the top, as Jane Lee reports.

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Breakingviews: Wal-Mart playing nice

Jennifer Saba and Richard Beales review the $230 billion Wal-Mart's second-quarter earnings and find the U.S. retail giant is benefiting from more than just squeezing suppliers and employees.

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Wal-Mart bucks weak retail trend

Existing store sales at the world's largest retailer rose for the eighth straight quarter, and Wal-Mart raised its profit forecast for the year. Fred Katayama reports.

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French unemployment boost for Hollande

France's unemployment rate has fallen below 10 percent for the first time since 2012. As Sonia Legg reports, it's offered a boost to President Francois Hollande, who has staked his political future on creating more jobs.

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New worries for Japan as exports tumble

Japan's exports tumbled in July at the fastest pace since the global financial crisis with a resurgent yen adding to the challenge of weak external markets. As Sonia Legg reports, it's left the economy and the government more reliant on shaky domestic demand to drive growth.

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UK shoppers shug off Brexit blues

Shoppers in Britain shrugged off June's shock Brexit vote as retail sales jumped by much more than expected last month. As Hayley Platt reports, it added to signs that there has been little immediate hit for consumers.

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Stocks post small gains after Fed minutes

Wall Street ended slightly higher after the Fed minutes showed members were divided over whether to raise rates soon. Bobbi Rebell reports.

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Wednesday, August 17, 2016

S&P Advisory's Erin Gibbs on the market reaction to the Fed

Erin Gibbs, Chief Investment Officer at S&P Advisory Services talks with Bobbi Rebell about the just-released Fed minutes and shares her market outlook.

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Univsion to buy Gawker

The Spanish language broadcaster won a bankruptcy auction to acquire the American Internet gossip site. Lisa Bernhard reports.

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UK jobless numbers see surprise fall

The number of people claiming unemployment benefit in Britain unexpectedly fell in July despite the shock decision by voters to leave the European Union. As Julian Satterthwaite reports, it suggests there’s been little immediate impact from Brexit on the labour market.

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Breakingviews: Unhealthy insurance

U.S. health insurers like Aetna say they can't afford to participate in exchanges set up under President Obama's healthcare reforms. Rob Cyran and Richard Beales assess the implications.

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The bank that charges to keep your money

A small co-operative bank in the Bavarian Alps is breaking a German taboo by charging wealthy clients to deposit their money following the ECB's shift to negative rates. As Ivor Bennett reports, Raiffeisenbank Gmund will apply a custody charge of 0.4 percent to some deposit accounts.

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China hits back after Ausgrid deal snub

Australia's decision to block the $7.7 billion sale of the country's biggest energy grid to Chinese bidders has prompted a warning from China about the impact on investment. Britain is facing a similar dilemma and Ivor Bennett looks at why.

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Shipping traffic suspended in Turkey's Bosphorus after accident

Shipping traffic in the Bosphorus Strait, a key international route for oil and grain, is suspended following a collision at sea.

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Why De Beers is spending on diamond technology

It takes billions of years to produce a natural diamond, but a laboratory can grow one in days and to the untrained eye they look the same. In an attempt to protect its reputation, De Beers has developed technology that can spot the difference. Ivor Bennett reports

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Cathay Pacific feels China's pain

Hong Kong airline Cathay Pacific Airways's first-half net profit has tumbled 82 percent sending shares down almost 8 percent. As Hayley Platt reports, slower Chinese economic growth and falling consumer demand for premium class seats on long-haul routes is partly to blame.

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Why Bundesbank retirement plan is "stupid"

German Vice-Chancellor Sigmar Gabriel has dismissed a proposal by the Bundesbank to increase the retirement age to 69. As Sonia Legg reports, he called the plan "stupid" and defended Germany's job market./

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Hong Kong and China unite in stock market venture

A plan to connect the giant stock markets of Shenzhen and Hong Kong offers global investors tempting access to China's fast-growing tech sector. Buts as Tara Joseph reports, money managers say high valuations and a reputation for wild speculation are likely to keep many buyers at bay.

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Tuesday, August 16, 2016

Ross Gerber: Still optimistic about stocks

Gerber Kawasaki President and CEO Ross Gerber talks with Bobbi Rebell about his upbeat outlook for the markets, and where he believes investor will get the best returns.

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Hedge funds pull back on stocks

New numbers show hedge fund billionaires on hard times. Lily Jamali reports.

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Gas suppliers Praxair, Linde discuss merger

U.S. industrial gas supplier Praxair and German peer Linde have held initial talks about a merger to create a market leader with a value of more than $60 billion. Bobbi Rebell reports.

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Housing boom fuels Home Depot sales

Quarterly revenue shot up at the world's largest home improvement chain as consumers spend money on renovating their homes. Fred Katayama reports.

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Breakingviews: Ubben the ante

The ValueAct boss reckons a 2 pct stake in Morgan Stanley is simply a good investment. Antony Currie and Richard Beales explore how more value might be unlocked with radical action.

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German investor morale recovers from Brexit shock

The mood among German analysts and investors improved slightly in August, a key survey has showed. As Sonia Legg reports, it regained some of the ground it lost last month following Britain's vote to leave the European Union.

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BHP Billiton looks beyond record loss

BHP Billiton - the world's biggest mining company - has reported a record $6.4 billion annual loss, hammered by a bad bet on shale, a dam disaster in Brazil and a commodities slump. But as Hayley Platt reports, it still expects its cash flow to more than double this year.

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Stocks start week with record setting session

U.S. stocks rose to all-time highs again on Monday, extending their climb of the past few weeks. Bobbi Rebell reports.

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Monday, August 15, 2016

Advertising through algorithms

Musicians, producers, and actors are now using algorithms to find superfans and up sales. Bobbi Rebell reports.

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Stocks are priced for perfection- David Schiegoleit

David Schiegoleit, Managing Director of Investments

The Private Client Reserve of U.S. Bank talks with Bobbi Rebell about the markets and where he sees opportunity.

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New trains to help Nigeria wean itself off oil

Nigeria has started a commuter train service linking its administrative capital, Abuja to major hub, Kaduna in a move expected to open up areas along the route. As Sonia Legg reports, Africa's most populous nation is working to expand its infrastructure, including transport and power, to help diversify its economy and alleviate poverty.

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Telsa removes "autopilot" from site

The electric car maker changes a translation on its China website after a Beijing driver crashed his Model S while in "autopilot" mode. Fred Katayama reports.

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Breakingviews: Foot-dragging on Wall Street

Antony Currie and Richard Beales wonder why investment banks are asking for more time to sell assets and comply with the Volcker Rule when they've already had six years and helpful markets.

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New questions as Japan's economy stalls

Japan's economic growth ground to a halt in April-June as weak exports and shaky domestic demand prompted companies to cut spending. As Sonia Legg reports, it's put fresh pressure on premier Shinzo Abe to come up with policies that will produce more sustainable growth.

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July sales boost at H&M

Budget fashion firm Hennes & Mauritz generated a slightly bigger rise than expected in sales last month, offering some support to company guidance that results in the second half of the year were likely to be stronger than in the first. Hayley Platt reports

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Saturday, August 13, 2016

Nasdaq inches up to another record high

The Nasdaq just barely moved higher but it was enough to set a new record high, though the other key benchmark indexes lost ground. Bobbi Rebell reports.

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Friday, August 12, 2016

NBC Olympic ratings take a dive

Viewership across NBC television networks for this year's Olympics is so far almost 9 percent below the 2012 games with the world's most popular sporting event not immune to changing TV watching habits.

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NBC expects record Olympics profit despite ratings drop

Comcast's NBCUniversal expects to generate record profits from coverage of the Rio Olympics despite lower ratings compared to the games four years ago. Bobbi Rebell reports.

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Breakingviews: Studying Clintonomics

Democratic presidential nominee Hillary Clinton attacked her rival's economic plans, but her own fail to address sluggish U.S. growth. Gina Chon and Jeffrey Goldfarb discuss.

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Bombing wave hits Thailand

A number of people are dead and dozens wounded in a wave of bombings in Thailand which police have blamed on local 'saboteurs'. Paul Chapman reports.

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J.C. Penney reports better-than-expected results

J.C. Penney halved its quartery loss thanks to higher sales of home goods, footwear, and beauty products, as well as cost cuts. Bobbi Rebell reports.

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Mealworms and a side of cricket

A South Korean restaurant is persuading more people to eat insects by mixing extracts from their bodies into food. Yiming Woo reports.

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Tourists tell of Portugal wildfire drama

Tourists describe the outbreak of wildfires on the island of Madeira which killed four people and destroyed more than 200 buildings. Paul Chapman reports.

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Thursday, August 11, 2016

Macy's, Kohl's shrink in Amazon's shadow

Macy's announced it will shut 100 stores and Kohl's said it will move to smaller locations in a sign department stores still struggle with shoppers flocking to online retailers and discounters.

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Fiduciary's Ron Sanchez on the record high stock market

Fiduciary Trust's Ronald Sanchez talks with Bobbi Rebell about the record high stock market, and where he sees pockets of value for investors.

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Major indices close at new all-time highs

Wall Street stocks hit fresh record highs on Thursday as rising oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment. Bobbi Rebell reports.

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How much longer will rates keep falling?

The Reserve Bank of New Zealand has become the latest to cut interest rates to a record low as it struggles to head off deflation. But, as Laura Frykberg reports, there are signs some want to see an end to the extreme low rate environment.

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Alibaba mobile revenue soars

Chinese e-commerce giant Alibaba reported a 59 percent jump in quarterly revenue, surpassing Wall Street. Bobbi Rebell reports.

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Wednesday, August 10, 2016

KFC under pressure for antibiotics use

Consumer groups press Yum's KFC to tighten antibiotic rules. Bobbi Rebell reports.

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Nick Colas on why this is the "Most.Hated.Rally"

Covergex's Nicholas Colas talks with Bobbi Rebell about his take on the U.S. stock market and why owning equities feels like a very lonely place at the moment.

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Breakingviews: Disney's TV force awakens

A year after kicking off a firestorm about its ESPN network losing subscribers, Disney is investing $1 bln in a streaming service. Jen Saba and Jeffrey Goldfarb consider the deal's merits.

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KFC under pressure over antibiotics use

Consumer groups on Wednesday will deliver a demand from more than 350,000 people to Yum Brands' KFC fried chicken chain: Join your fast-food rivals in curbing antibiotic use in your chicken supply.

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Britain's rate cut could take months to bear fruit

The Bank of England's first rate cut since 2009 looks unlikely to be passed in full to borrowers, according to some. And, as Sam Vadas reports, it may not be a game-changer either.

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Kors' downbeat sales outlook

Michael Kors reported a bigger-than-expected drop in comparable sales as mall traffic continued to fall, and the strong dollar discouraged tourist spending. Bobbi Rebell reports.

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Can Premier League afford big money signings?

The English Premier League is the richest soccer league in the world, as demonstrated by Manchester United's latest star signing. Sara Hemrajani looks at why there's so much money in the sport.

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China sees first Tesla autopilot crash

One of Tesla's cars crashed in Beijing last week while in 'autopilot' mode, with the driver contending sales staff overplaying its actual capabilities. As Hayley Platt reports, after a fatal accident in Florida too there's growing the pressure on auto industry executives and regulators to tighten rules on automated driving technology.

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China set to choose yuan clearing bank for UAE

China's main state-owned lenders are becoming increasingly involved in major financing deals in the MIddle East. As Nawied Jabarkhyl reports, in recent months low oil prices have put a strain on finances for both governments and businesses in the region.

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Brazil senate votes to indict Rousseff, put her on trial

Brazil's Senate votes to indict suspended President Dilma Rousseff and put her on trial for breaking budget laws. Natasha Howitt reports.

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Tuesday, August 9, 2016

Goldbean CEO Jane Barratt on what investors need to watch

Jane Barratt, CEO of Goldbean talks with Bobbi Rebell about the best investment opportunities, and why she is focused on only certain kinds of retailers.

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Wanda's impact on movies you watch

The Chinese conglomerate that controls theater operator AMC could change what movies you watch and how you watch them. Fred Katayama reports.

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No Brexit blues for UK tourism

Flight bookings to the UK have risen since June, driven by a sharp fall in the pound following the vote to leave the European Union. As Sara Hemrajani reports, one travel research firm said the impact of the Brexit vote on tourism was "immediate" and "positive".

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Signs of turnaround at Coach

Quarterly sales at existing stores in North America rose for the first time in three years. And as Fred Katayama reports, Coach's profit jumped seven-fold.

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Breakingviews: Trumponomics 101

Republican presidential candidate Donald Trump unveiled an economic blueprint that seems to bend toward benefiting the rich. Gina Chon and Jeffrey Goldfarb go through the details.

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China warns over UK nuclear project

Failing to go ahead with the Hinkley Point nuclear project could threaten China's relationship with Britain, its ambassador to the UK has warned in the Financial Times. As Joanna Webster reports, Liu Xiaoming said the delay had brought the two countries to a "crucial historical juncture".

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UK regulator calls for bank revolution

Britain's competition watchdog has published its final recommendations for boosting competition in retail banking by 2018, relying on "revolutionary" technology to increase choice, As Julian Satterthwaite reports, it's dismayed consumer groups who wanted faster action.

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Stocks retreat from record highs

The S&P 500 touched another record high, but a drop in healthcare stocks offset the impact of higher oil prices to drag the index lower. Fred Katayama reports.

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Monday, August 8, 2016

Clinton: Trump wants to “repackage trickle-down economics”

Hillary Clinton attacks major speech by Republican rival Donald Trump on the economy, saying he wants to “repackage trickle-down economics”, giving the wealthy tax breaks and loosening regulations on Wall Street. Rough Cut (no reporter narration)

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Wal-Mart to buy Jet.com for $3.3 bln

Wal-Mart is buying the retail online startup to jump-start growth of its e-commerce operations. Fred Katayama reports.

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Trump: "Americanism not globalism"

Republican presidential nominee Donald Trump targets taxes and regulations in an economic speech in Detroit as he calls for new era in the United States. Rough Cut (no reporter narration).

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Wal-Mart buys Jet.com to jump-start its online sales

The $3.3 billion acquisition of e-commerce startup Jet.com gives Wal-Mart "a definite leg-up," says Moody's retail analyst Charlie O'Shea in a conversation with Fred Katayama.

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Breakingviews: A lesson in bank M&A

Money manager TIAA is buying EverBank for $2.5 bln. Jeffrey Goldfarb and Antony Currie explain it's a reminder to lenders that mergers may be one of the best ways to boost the bottom line.

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Kenya aims to compete in running shoe market

Kenya is home to some of the world's best runners but they all wear foreign branded shoes. Local sportswear company - Enda, a swahili word meaning 'Go' - is working to change that by building the first Kenyan-made running shoe. Sonia Legg reports

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LinkNYC covering the streets

A free, superfast Wi-Fi network called LinkNYC is replacing payphones in New York. Bobbi Rebell reports.

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The life of Kurds seeking asylum in Japan

Kurds seeking asylum in Japan face challenges in a nation that prides itself on its homogeneity and runs the tightest refugee recognition system among industrialized economies. Natasha Howitt reports.

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Furore over fracking payment plan

In a bid to clear the path for shale gas fracking, the UK government is considering plans to directly pay househoulds affected by the developments, But, as Sara Hemrajani reports, the plan has sparked accusations of bribery.

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Travelers ticked amid Delta flights delays

Delta Airlines says flights scheduled for departure have been delayed or canceled after a "major system-wide network outage" which has impacted company operations worldwide. Jillian Kitchener reports.

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Friday, August 5, 2016

State Street's Michael Arone on the jobs report

STate Street Global Advisors Michael Arone talks with Bobbi Rebell about the July jobs report, and what it means for the financial markets, and the Fed.

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U.S. firms battle "China shock"

A town in North Carolina hit hard by jobs lost to China now struggles to fill hundreds of positions after retooling. Colette Luke reports.

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Surprise industry falls for Germany, Italy

German and Italian industrial orders posted unexpected falls in June suggesting global weakness was weighing on Europe's biggest economies at the end of the second quarter. Kirsty Basset reports

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Taiwan may ban Uber after new ruling

Taiwan's Investment Commission is set to order Uber Technologies Inc. to exit the domestic market, saying the global ride-hailing giant misrepresented its business as an internet-based information technology platform rather than a transportation service. Kirsty Basset reports.

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U.S. adds 255,000 jobs in July

June's hot hiring spree stretched into July, and wages grew. As Fred Katayama reports, the strong jobs report raises the probability of an interest rate hike later this year.

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Breakingviews: Stepping up for daddy

The heirs of the Fox and Viacom media empires are overseeing some much-needed house cleaning at organizations run for decades by their fathers. Jen Saba and Rob Cox discuss.

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Brexit fallout looms large over RBS

Royal Bank of Scotland has reported wider first-half losses, 1.3 billion pounds of new litigation charges and axed plans to turn its Williams & Glyn division into a stand-alone bank, as it braces for post-Brexit shocks to the UK economy. Hayley Platt reports.

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W. Virginia weathers fallout from coal collapse

As the coal industry continues to shrink, companies close up shop, and investors flee, miners in West Virginia are left facing the fact that there is nobody left to pay decades of accrued pension debts.

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South Korea cracks down on graft

The anti-corruption law that takes effect in South Korea next month imposes spending limits on entertainment and gifts, leaving businesses scrambling to adjust. Natasha Howitt reports.

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Amid economic hard times, Venezuelans turn to city farming

Facing a national food crisis, Venezuela's pumpkin-growing socialist president is exhorting compatriots to grow fruit and vegetables on balconies and roofs and in barracks across the country. Nathan Frandino reports.

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Thursday, August 4, 2016

Can Adidas keep its eye on the ball?

Adidas says it's confident it can keep growing fast and improve profitability even though it's just reported its highest second quarter sales growth in a decade. As Laura Frykberg reports, fashion is helping the German sportswear group.

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S&P's Stovall on how stocks could predict the election

Sam Stovall, U.S. Equity Strategist at S&P Global Market Intelligence talks with Bobbi Rebell about how stock market performance historically can predict the outcome of a presidential election.

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BoE cuts; ready for 'whatever necessary'

The Bank of England cuts interest rates for the first time since 2009, revives its bond-buying programme and says it will take "whatever action is necessary" to achieve stability in the wake of Britain's vote to leave the European Union. David Pollard reports.

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Breakingviews: Biogen's block

After reports of acquirer interest, Robert Cyran tells Richard Beales why a price for the $70 bln Biogen might be tricky to negotiate – even if the company wanted to sell.

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Toyota braces for impact of stronger yen

Toyota Motor Corp flagged its smallest annual profit in four years for 2016/17 as the Japanese automaker braces for the impact from a strengthening yen amid slowing demand for some of its car models in the key North American market. Sonia Legg reports.

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Viacom posts surprising revenue rise

Profit plunged, but growth in Paramount's subscription services helped boost quarterly revenue at the media giant. Fred Katayama reports.

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Bank of England cuts rates

The Bank of England cuts interest rates for the first time since 2009 and says it will buy 60 billion pounds of government debt to ease the blow from Britain's June 23 vote to leave the European Union. (ROUGH CUT ONLY - NO REPORTER NARRATION)

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Tesla reports another loss. U.S. stocks more higher.

Tesla reported its 13th straight loss. U.S. stocks edged higher after oil prices boosted energy shares. Bobbi Rebell reports.

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Trump's bleak job talk belied by NC surge

GOP nominee Donald Trump has made his stand against trade deals a cornerstone of his campaign, but Reuters correspondent Howard Schneider just got back from North Carolina, where Trump's narrative gets turned on its head.

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Wednesday, August 3, 2016

Belpointe's Nelson on the biggest challenge for the markets

Belpointe Asset Management's David Nelson talks with Bobbi Rebell about the red flags he sees in the U.S. financial markets, and why he is focusing his attention on the oil markets.

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Breakingviews: Trump vs. Buffett

The GOP presidential candidate is being goaded by billionaires, like the Oracle of Omaha, to disclose his tax returns. Rob Cox and Jeffrey Goldfarb discuss the significance in the election.

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Euro zone PMI data better than expected

China's services sector cools in July, but euro zone service activity is led higher by Germany, if slightly - and still with little sign of any major Brexit impact. Laura Frykberg reports.

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Time Warner buys stake in Hulu

The media giant is taking a 10 percent stake in the video streaming company, Hulu. As Fred Katayama reports, it also raised its profit forecast for the full year.

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BoE: rate cut seen as 'foregone conclusion'

Data confirms the UK services sector is shrinking at its fastest since the financial crisis, according to the latest survey. As David Pollard reports, a Bank of England rate cut on Thursday looks all but certain.

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Rio Tinto earnings slump to 12-year low

Rio Tinto reports a 47 percent slump in first-half profit to its weakest in 12 years. But, as David Pollard reports, the global miner also surprises the market with a higher-than-expected dividend.

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Tuesday, August 2, 2016

Bond rally confounds investors

Some money managers fear prices for long-term U.S. government bonds could suddenly drop as the U.S. economic recovery gains strength. Fred Katayama reports.

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Obama stands by TPP trade deal despite opposition by other Democrats

U.S. President Barack Obama says he's hopeful that once the election for the White House is over, "there will be more attention to the actual facts" of the Trans-Pacific Partnership. Rough Cut (no reporter narration).

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Commerzbank warning sends shares to record low

Commerzbank has warned its earnings could fall this year due to businesses borrowing less and the drag on its revenue from negative interest rates, knocking its shares to a record low. David Pollard reports

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Breakingviews: Being Elon Musk

Tesla Motors is buying SolarCity, and Musk, who owns about a fifth of each, has a grand vision for an electric future. Antony Currie and Richard Beales dissect the pros and cons of the deal.

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Private jets no longer just for super rich

Flying on a private jet isn’t just a luxury for the wealthy and famous anymore, with just a tap on an app, consumers are getting access to deals as the industry looks to raise the competition..Maryam Behmard has this story.

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Virgin Galactic that much closer to passenger lift-off

Richard Branson's Virgin Galactic has been granted an FAA operating license to give the world's first paying space tourists an out-of-this-world experience once final tests are completed, the Federal Aviation Administration says. Gavino Garay reports.

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S. Africa readies for vote that could reshape the country

South Africa's ruling African National Congress could lose major cities at local elections this week, including places it has held virtually unchallenged since the end of white-minority rule 22 years ago. Mana Rabiee reports.

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Monday, August 1, 2016

Russell Investment's Wood on selling into market rallies

Stephen Wood, Chief Market Strategist at Russell Investments talks with Bobbi Rebell about why he believes investors should sell into rallies as the S&P 500 hits another intraday high.

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Stress tests fail to soothe banking nerves

With the ink barely dry on its bailout plan, Italian bank Monte dei Paschi di Siena faces a Herculean task convincing investors to back a third recapitalisation in as many years and avert a banking crisis that would send shockwaves across Europe. David Pollard reports.

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Breakingviews: Uber's China U-turn

The U.S. ride-hailing app is selling its Chinese arm to local rival Didi Chuxing, and will keep a stake in the enlarged business. Rob Cyran and Jeffrey Goldfarb discuss the implications.

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Tesla buying SolarCity for $2.6 bln.

The deal aims to make Tesla a one-stop shop for solar panels, storage, and electric cars. Fred Katayama reports.

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World's first 3D printing restaurant opens

The world's first 3D printing restaurant opens in London with the promise of a future in which you can download your dessert or have pizza delivered by e-mail. Rosanna Philpott reports

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Factories struggle as world demand splutters

Manufacturing growth across the euro zone eased in July and signs of a sharper slowdown outside powerhouse Germany may add to calls for the ECB to loosen policy again. As David Pollard reports, activity in China's manufacturing sector also eased unexpectedly.

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Arts & business crafts at Cape Town agency

A South African entrepreneur wants young people from disadvantaged backgrounds to come together to forge new ideas - Dillion Phiri's 'Creative Nestlings' agency showcasing the work of emerging designers, artists and musicians who want to earn from their art. David Pollard reports.

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