MoneyWatch

          Show: MoneyWatch on CBS Morning News 

          Air date: 1/22/19 - 1/24/19

          Correspondent at NYSE: Diane King Hall 

1/24/19 

[Anchor:DIANE]
[ReadRate:18]
(DIANE)
U-S- STOCKS REBOUNDED WEDNESDAY.
STRONG QUARTERLY EARNINGS REPORTED BY SOME TOP TECH AND CONSUMER COMPANIES HELPED NUDGE U-S- INDEXES INTO POSITIVE TERRITORY YESTERDAY.
[TAKE :GFX
NAME:STOCKS ]
THE DOW JONES INDUSTRIALS JUMPED 171 POINTS.
THE S-AND-P 500 ROSE 5 POINTS.
AND THE NASDAQ COMPOSITE ALSO ADDED FIVE POINTS.
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[Anchor:DIANE]
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(DIANE)
VERIZON IS CUTTING SEVEN PERCENT OF ITS MEDIA AND ADVERTISING EMPLOYEES-- THAT'S ABOUT 800 JOBS LOST.
[TAKE :VO
NAME:VERIZON JOB]
THE WIRELESS COMPANY DROPPED THE VALUE OF ITS MEDIA UNIT BY FOUR POINT SIX BILLION.
VERIZON SENT AN EMAIL TO EMPLOYEES YESTERDAY AND SAID THE DIVISION WILL FOCUS ON MOBILE AND VIDEO PRODUCTS.
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[Anchor:DIANE]
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(DIANE)
HULU IS BUMPING UP THE PRICE FOR ITS LIVE T-V- STREAMING SERVICE.
[TAKE :VO
NAME:HULU PRICES]
THE "CABLE-LIKE" PACKAGE OFFERED BY THE DIGITAL COMPANY OFFERS DOZENS OF LIVE CHANNELS OVER THE INTERNET.
IT WILL COST 44-99 PER MONTH STARTING FEBRUARY 26TH.
THAT'S A FIVE DOLLAR INCREASE AND SOME NEW CHANNELS WILL BE AVAILABLE.
THE SERVICE INCLUDES HULU'S TRADITIONAL VIDEO-ON-DEMAND SERVICE THAT OFFERS NETWORK TV EPISODES ONE DAY AFTER THEY AIR PLUS ORIGINAL CONTENT.
THAT SERVICE *ITSELF* WILL BE TWO DOLLARS *CHEAPER* AT 5-99 PER MONTH.
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[Anchor:DIANE]
[ReadRate:18]
(DIANE)
AND THERE'S HEARTBREAKING NEWS FOR CANDY LOVERS THIS VALENTINE'S DAY.
[TAKE :VO
NAME:SWEETHEARTS ]
THE POPULAR LITTLE SUGAR HEARTS WITH MESSAGES LIKE "TRUE LOVE" AND "BE MINE" WILL *NOT* BE ON SHELVES THIS YEAR.
THE COMPANY THAT PRODUCED THE HEARTS, NECCO (NECK-oh), SHUT DOWN LAST JULY.
IT *WAS* SUBSEQUENTLY BOUGHT BY SPANGLER CANDY COMPANY IN THE FALL BUT APPARENTLY NOT IN TIME TO MAKE THE HEARTS FOR THIS YEAR.
THE HEARTS *MIGHT* COME BACK IN 2020.
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1/23/19

[ReadRate:18]
(DIANE)
U-S- STOCKS CLOSED LOWER ON TUESDAY, SNAPPING A FOUR-DAY WINNING STREAK BEFORE THE LONG HOLIDAY WEEKEND.
CONCERNS ABOUT THE LOOMING TRADE WAR WITH CHINA AND REACTION TO THE I-M-F- 'S OUTLOOK OF A SLOWING GLOBAL ECONOMY SEEMS TO BE SHAKING UP THE MAJOR MARKETS.
[TAKE :GFX
NAME:STOCKS]
THE DOW JONES INDUSTRIALS PLUNGED 301 POINTS.
THE S-AND-P 500 DROPPED 37 POINTS.
AND THE NASDAQ COMPOSITE SLIPPED 136 POINTS.
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[Anchor:DIANE]
[ReadRate:18]
(DIANE)
THE NATION'S LARGEST UTILITY-- PACIFIC GAS AND ELECTRIC-- SAYS IT SECURED FIVE POINT FIVE BILLION DOLLARS IN FINANCING FROM FOUR BANKS TO FUND ITS OPERATIONS THROUGH BANKRUPTCY.
[TAKE :VO
NAME:PG&E LOAN]
THE PLANNED BANKRUPTCY FILING COMES AS P-G- AND E- FACES MORE THAN THIRTY *BILLION* DOLLARS IN POTENTIAL LIABILITY FOR ITS POSSIBLE ROLE IN DEADLY CALIFORNIA WILDFIRES.
THE CALIFORNIA UTILITY SAID YESTERDAY IT EXPECTS THE BANKRUPTCY PROCESS TO LAST TWO YEARS.
SHARES IN THE COMPANY SURGED ON TUESDAY.
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[Anchor:DIANE]
[ReadRate:18]
(DIANE)
A NEW STUDY SHOWS OWNERS OF HYUNDAI AND KIA VEHICLES ARE FILING FIRE INSURANCE CLAIMS AT A RATE FAR HIGHER THAN AVERAGE.
[TAKE :VO
NAME:HYUNDAI KIA]
THE HIGHWAY LOSS DATA INSTITUTE FOUND THAT FIVE MODELS OF HYUNDAI AND KIA CARS AND S-U-Vs WITH FOUR-CYLINDER ENGINES HAVE DOUBLE THE NON-CRASH FIRE CLAIM RATES.
THE SOUTH KOREAN AUTOMAKERS RECALLED 168 THOUSAND VEHICLES JUST LAST WEEK DUE TO INCREASED FIRE RISK RELATED TO A FUEL PIPE ISSUE.
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[Anchor:DIANE]
[ReadRate:18]
(DIANE)
SALES OF HOMES IN THE U-S- PLUNGED IN DECEMBER FORECASTING A WEAKER HOUSING MARKET IN 20-19.
[TAKE :VO
NAME:HOME SALES]
THE NATIONAL ASSOCIATION OF REALTORS SAID YESTERDAY SALES OF EXISTING HOMES DIPPED SIX POINT FOUR PERCENT LAST MONTH.
THIS PUSHED DOWN PRICE GROWTH TO THE LOWEST LEVEL IN MORE THAN SIX YEARS.
ECONOMISTS WARN THAT *THIS YEAR* WEAKER HOME SALES CAN BE EXPECTED AMID THE PARTIAL GOVERNMENT SHUTDOWN AND INCREASING ECONOMIC UNCERTAINTY.
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[Anchor:DIANE]
[ReadRate:18]
(DIANE)
AND MANY COFFEE LOVERS IN THE U-S- WILL SOON BE ABLE TO GET STARBUCKS *DELIVERED*.
[TAKE :VO
NAME:STARBUCKS DELIVERY]
THE COMPANY ANNOUNCED YESTERDAY IT'S EXPANDING THE CURRENT DELIVERY SERVICE TO NEARLY ONE FOURTH OF U-S- SHOPS IN PARTNERSHIP WITH *UBER EATS* MOBILE APP.
THE SERVICE LAUNCHED TUESDAY IN SAN FRANCISCO AND WILL EXPAND TO SOME STORES IN NEW YORK, BOSTON, WASHINGTON, CHICAGO AND LOS ANGELES.
THIS FOLLOWS AN INITIAL TEST IN MIAMI.
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1/22/19

[Anchor:DIANE]
[ReadRate:18]
(DIANE)
THE INTERNATIONAL MONETARY FUND CUT ITS 20-19 GLOBAL GROWTH ESTIMATE DOWN TO THREE POINT FIVE PERCENT FROM THREE POINT SEVEN PERCENT.
[TAKE :VO
NAME:GLOBAL ECONOMIC ]
THE FUND CITED TRADE TENSIONS AND RISING INTEREST RATES.
THE I-M-F PRESIDENT WARNED THE GLOBAL ECONOMY IS GROWING MORE SLOWLY THAN EXPECTED.
20-20'S ESTIMATE WAS ALSO REVISED DOWN TO THREE POINT SIX PERCENT.
YESTERDAY CHINA REPORTED ITS SLOWEST ANNUAL GROWTH IN NEARLY THREE DECADES.
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[Anchor:DIANE]
[ReadRate:18]
(DIANE)
THE PROJECTIONS FROM THE I-M-F- SEEMED TO INFLUENCE ASIAN MARKETS WHICH CLOSED LOWER THIS MORNING.
FUTURES OF U-S- INDEXES ARE ALSO LOOKING LOWER AFTER FINISHING LAST WEEK IN POSITIVE TERRITORY.
U-S- MARKETS WERE *CLOSED* YESTERDAY IN OBSERVANCE OF MARTIN LUTHER KING JUNIOR DAY.
[TAKE :GFX
NAME:STOCKS]
ON FRIDAY, THE DOW JONES INDUSTRIALS ROSE 336 POINTS.
THE S-AND-P 500 WAS UP 34.
AND THE NASDAQ COMPOSITE ADDED 72 POINTS.
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[Anchor:DIANE]
[ReadRate:18]
(DIANE)
FRANCE IS HITTING GOOGLE WITH A FIFTY SEVEN *MILLION* DOLLAR FINE.
[TAKE :VO
NAME:FRANCE FINES]
THE COUNTRY'S DATA PROTECTION AGENCY ACCUSES GOOGLE OF "LACK OF TRANSPARENCY WITH USERS REGARDING HOW THEIR PERSONAL INFORMATION IS COLLECTED AND USED.
IT ALSO SAYS THE INTERNET GIANT FAILED TO GET VALID CONSENT ABOUT USER AD PERSONALIZATION.
GOOGLE SAID IN A STATEMENT IT'S "DEEPLY COMMITTED" TO TRANSPARENCY AND TO FOLLOWING THE EUROPEAN UNION'S NEW DATA PROTECTION RULES.
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[Anchor:DIANE]
[ReadRate:18]
(DIANE)
TESLA WILL START DELIVERING ITS MODEL THREE CARS IN EUROPE.
[TAKE :VO
NAME:TESLA MODEL 3]
THE EUROPEAN UNION'S REGULATORY AUTHORITY GAVE TESLA THE GO-AHEAD YESTERDAY, OPENING A NEW MARKET FOR THE ELECTRIC CARMAKER.
FIRST DELIVERIES ARE EXPECTED IN FEBRUARY.
THE MODEL THREE IS TESLA'S LEAST EXPENSIVE CAR.
TESLA SHARES SLID LAST WEEK AFTER NEWS OF LAYOFFS AT THE COMPANY AS PART OF A COST-CUTTING EFFORT.
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[Anchor:DIANE]
[ReadRate:18]
(DIANE)
AND FACEBOOK'S WHATSAPP MESSENGER SERVICE IS NOW *LIMITING* THE NUMBER OF TIMES A USER CAN FORWARD A MESSAGE TO *FIVE*.
[TAKE :VO
NAME:FACEBOOK WHATSAPP]
THE MOVE IS MEANT TO FIGHT THE SPREAD OF MIS-INFORMATION.
PREVIOUSLY, A WHATSAPP USER COULD FORWARD A MESSAGE TO 20 INDIVIDUALS OR GROUPS.
THE NEW WORLDWIDE LIMIT IS AN EXPANSION OF A MEASURE PUT IN PLACE IN INDIA LAST SUMMER, AFTER MOB VIOLENCE INCIDENTS WERE LINKED TO MESSAGES CIRCULATING ON WHATSAPP.
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