Week of losses, sell everything. Im out of there, baby. Much more on microsoft and great interview with former microsoft ceo steve balmer in just a bit. A propitious day for that. To the developing story, surrounding at t and time warner. It seems bigger is better once again. At t down a little bit, by about a dollar. Time warner moving up by 9 at 9076. David faber working the phones and is here with the latest. What are you hearing, david . Developing is the right word and things are developing very quickly. In fact, so quickly that you could see a deal announced as soon as, lets call it shortly. Will it be as soon as monday . Hard to say at this point. But the point is that after what appears to have been actually months of some conversations and certainly work on the part of some advisers, these two companies are close to inking a potential deal that would actually meantime warner would be owned by at t, a dramatic move for at t as it builds on what already was a large deal when it
Its the xpi, the ibb, the ones were talking about, and theyre down 4. 13 . Many of them rebound the maybe 25 , 30 off of the bottom that is they put in right when that tweet came out. Of course, the stocks were under pressure. They have bounced a little bit. Lily is, like i say, about 50 cents or so off the bottom that it put in, and still well above where it was in the after hours the other day. I think this is a lot to do about nothing. We would all like to see many of the Health Care Costs come down. I dont know that he can just wave a magic wand and have that happen. Sure, but weve seen, steve, the power of of the bully pulpit. Yes. Especially on this issue. We had this debate on monday. You were here. I was. I think. Yes. I was. And i led it, if you recall. Yes. You were here, jim. And, you know, its like confucious says. You give a man a fish, he eats a meal. You know, you teach a man to fish, and he can eat for the rest of his life. Steve, the tweets dont matter. The tweets dont
Stocks are going to end. Ceo jimin charge, moran, joins us later in the program. First, markets. David in the markets this morning jonathan in the markets this morning, s p 500 futures down. Over in europe, a day of gains. The ftse up 510 and the dax up 1 10 of 1 . We will get through the other Asset Classes for you. Cable, big story. The pound at 144 as i speak and the euro at 1422. 47. 75. Ti up about 1 10 of 1 . Around the world and check in with our Bloomberg Team for indepth coverage of our top four stories. Mike mckee on a barrage of u. S. Economic data this morning. Guy johnson has details. Will kennedy is in london for the latest on the oil rally and home depot beats the street. We will break it down with matt townsend. In new york. Plenty of Economic Data including Consumer Prices, and housing starts. Michael mckee has great sense with his presence. This is all about inflation. How decisive will todays cpi really be . , for twot be decisive reasons. The feds target is based on
Highs we have seen. The nasdaq is the worst performer of the three major averages. Being a tech heavy index, it is down 1 , twice the declines we are seeing in the s p in the dow this point. We were seeing much more green on the screen earlier. Health care in industrials have turned more deeply into the red. We have been watching apple in the selloff. It has been mirroring declines in the major averages. Taiwan Semiconductor Shipments for iphone 6 s and seven, the shipments between june and december could decline as much as 70 to 80 . We are definitely seeing investors extrapolate what that means for apple and other apple suppliers as well. Were seeing a Ripple Effect within technology. A lot of different kinds of chipmakers are following today. If you thought yesterdays decline in retail, that that was it youre in for a rude awakening. Calls in particular are tumbling by 12 . Comparable sales are down 3. 9 . Analysts had estimated a gain. Consumers are not buying apparel and there are
We hear from both ceos. Man group exclusive. We speak to the man taking charge of the worlds biggest publicly traded hedge fund. Dont miss the conversation with incoming ceo luke ellis. Caroline less than half an hour to go until the market open and great sense of earnings interviews. Futures currently a little bit lackluster, but we are trading higher. We are seeking overall were seeing overall an increase on the board. Apologies, i just got to scroll through to get you to the right screen. Were having if you technical glitches. Having a look at some of the asset, it is all about the bank of japan, the affect on the yen. Were seeing the yen. Dollar falling, yen trading higher. 1. 2 , but i want to focus on commodities as well. Worst month in a year for wti crude. Were seeing inventories pick up. Lets have a look at the key news. David ingles. David thanks, caroline. Hillary clinton says america is at a moment of reckoning and has belittled Donald Trumps claims that he alone can solve