ECB President Draghi is Ready to Act to Boost Inflation

ECB President Mario Draghi says the bank is prepared to act quickly to boost inflation. He told bankers in Frankfort that the European Central Bank will do what it has to do to boost prices and stimulate the sluggish Eurozone economy. The ECB meets in December. Nike (NKE) is boosting its quarterly dividend, undergoing a 2-for-1 stock split and buying back $12 billion worth of its own stock. Nike is one of the best performing stocks in the Dow Jones Industrial Average in 2015, up 31%. Gap Stores (GPS) is cutting its full year profit forecast. It blames the strong U.S. dollar as well as slow sales at its Banana Republic division. Same store sales at Gap Stores fell 12 percent. Old Navy was a bright spot for the parent company, up 4%. Kansas City Federal Reserve Manufacturing activity is released. St. Louis Federal Reserve President James Bullard will be speaking about the economic outlook.