Nine months, s p, nasdaq losing 2. 7 , but that was the underlying theme today. It has to be fleshed out so you can make sense of the timelessness of some brands ver the ephemeral nature. Last night i highlighted a ton of potential takeover targets. Specifically in the Food Industry. Hey, kraft may have had a miserable quarter, but its brands arent going away. Pinnacle foods actually got a bid from hillshire, because birds eye and duncan, heinz have stood the test of time. Hillshire brands got two different bids, because theyre still valuable brands in a slow growth world. I believe that campbells soup is ripe to be acquired by kellogg and General Mills. Great brand. Hey, you know what . Mills should snap of hain celestial, why . That has the best in the umbrella of natural foods. Why do we like brands so much . They have what we call brand equity, which means they can charge more than the other guy who doesnt. They have motors around them, thank ymoats around them, for years and years
And how much do we need to take out of the major entitlement programs to slow the growth and then they will kick it to the next congress but not kick it so much as instruct the next congress to bring back a plan that will meet those numbers. Reporter entitlement spending is a key sticking point. Republicans complain democrats have already ruled out savings from Social Security and they are taking many options for medicare savings off the table. From a Republican Point of view, wanting something that is really structural in nature to bend the costcurve over time, i think Something Like eligibility age is probably a musthave for republicans to vote for a tax increase. Reporter if the twostep process doesnt come together in the next few days, House Republicans could move on to plan b. That could mean the house passes the Senate Tax Bill the president has urged them to take up. It extends the bush tax cuts for the middle class for a year. It raises the Capital Gains rate to 20 , and it pat
And how much do we need to take out of the major entitlement programs to slow the growth and then they will kick it to the next congress but not kick it so much as instruct the next congress to bring back a plan that will meet those numbers. Reporter entitlement spending is a key sticking point. Republicans complain democrats have already ruled out savings from Social Security and they are taking many options for medicare savings off the table. From a Republican Point of view, wanting something that is really structural in nature to bend the costcurve over time, i think Something Like eligibility age is probably a musthave for republicans to vote for a tax increase. Reporter if the twostep process doesnt come together in the next few days, House Republicans could move on to plan b. That could mean the house passes the Senate Tax Bill the president has urged them to take up. It extends the bush tax cuts for the middle class for a year. It raises the Capital Gains rate to 20 , and it pat
Opposition to the president s demand for higher taxes on the wealthiest americans and an Automatic Extension of the federal debt limit. It was the third facetoface meeting between the president and boehner in eight days. Darren gersh has the latest. Reporter House Speaker john boehner wasnt talking after meeting with the president today. But his offer to raise taxes on those making more than a Million Dollars a year was taken as a sign that some progress is being made to avoid the fiscal cliff. Former clinton budget director alice rivlin expects the final deal will play out in two steps. First the president and the speaker agree on some numbers. How much do we need over ten years from taxes and some specifics about how we get them. But not too many. And how much do we need to take out of the major entitlement programs to slow the growth and then they will kick it to the next congress but not kick it so much as instruct the next congress to bring back a plan that will meet those numbers
His ground on the debt ceiling. General electric is reportedly on the verge of buying Italian Space firm avi oi. And Indias Central Bank stands pat despite consistent calls for a rate cut. But the rbi is saying its focus is now normally on boosting growth. Well, its been a rel ofly good year for stocks in europe. Adding about. 3 . Advancers mostly outpacing decliners on the index this morning. If we can zero in on the bourses, its largely green behind me. The fits fits mib is atting. 6 . The ibex in spain, up 0. 8 . And the ftse up about 0. 3 . Now, some companyspecific news this morning, fin mechanica saying shares up 2. 4 . This on news theyre set to buy sgeavio. Safran is also a company considering that change. Lets take a quick look at the bond space. Well get a sense of the kind of trade were seeing shaping up. It is consistent with flows into the periphery, perhaps out of the core and the risk on move generally that were seeing this morning. Yields up to 4. 5 roughly in italy at