Fed Governors Speak After Weak Retail Report

 

EVERYTHING YOU NEED TO KNOW, RIGHT NOW. #IBTPulse Fed Governors Speak After Weak Retail Report Fed governors Jerome Powell and Daniel Tarullo speak in separate events Tuesday, the first Fed governors to do so since Friday's weaker-than-expected retail report. The Fed is expected to raise interest rates in December for the first time in nine years. Also, the government releases data on housing starts, inflation and industrial production, the manufacturing part of which is said to be in its own recession. Retail Bellwethers Wal-Mart, Home Depot and TJX -- owner of the TJ Maxx chain -- all report before the opening bell Tuesday, with only Home Depot expected to report higher profit. They're just three of a string of retailers reporting this week, starting off with Urban Outfitters on Monday and Target, Best Buy and Gap in coming days. Volkswagen, Audi To Meet Regulator As Deadline Looms Volkswagen and Audi executives are scheduled to meet U.S. Environmental Protection Agency officials before the Friday deadline to submit a plan to fix a half million cars with software that allows them to cheat on emissions tests. The deadline was set before the most recent emissions-related revelations and admissions. How ISIS Works Around Efforts To Cut Funding World governments have had some success in blocking terrorist organizations like ISIS from moving funds through the banking system. But intelligence experts says that's not enough when the organizations are adept at raising funds via the Internet, and that some operations, including the one in Paris, don't take much money to execute. Meanwhile, while ISIS seems to have the tech smarts to evade detection, hackers who claim to be affiliated with them don’t seem to have the ability to crash critical U.S. networks. HERE'S WHAT YOU MISSED LAST NIGHT. Anti-ISIS Forces Already Out To Kill Paris Mastermind Before Attacks Western intelligence forces had already been out to kill the alleged mastermind of the Paris terrorist attacks before last week’s carnage, for his ISIS recruitment activities, but he had eluded their efforts to hunt him down, according to unidentified officials. Meanwhile, Serbian police arrested a man with a Syrian passport with the same information as in the passport found near one of the suicide bombers. France launched a second round of airstrikes against ISIS strongholds in Syria. BHP, Vale Venture To Pay $262M For Brazil Mine Disaster Cleanup The Australian and Brazilian mining companies agreed to pay to rehabilitate the area that was destroyed by a river of mud when a dam burst in their mine in Mina Gerais state. A Vale S.A. official admitted the company has to convince stakeholders to be allowed to reopen the mine. Pandora's Bid To Catch Up With Spotify, Apple Music Pandora, a music-streaming pioneer, is buying Rdio to help it compete with Spotify and Apple Music in the on-demand market. Pandora lets its 80 million users pick the kind of music they want, but doesn't let them pick any song from their playlist. Spotify and Apple Music do, as does Rdio. Soros, Other Hedge Funds Bet On Netflix Three hedge funds, including billionaire investor George Soros’ own, entered or upped their stakes in Netflix, indicating a bet that people are increasingly shifting from cable TV to the Internet. At least one analyst says this so-called cord-cutting isn’t very big. 7 Hanover Square, 5th Floor, New York, NY 10004 © 2015 IBT Media Inc. All Rights Reserved. Please add ibtimes@ibtimes.tm00.com to your contacts Unsubscribe | Privacy Policy