Country out of its worst economic slump in decades. The deadline draws near for tiktok to divest it u. S. Assets, reports a shutdown of its priced app for sale. We have breaking news. Oftbank will be selling this as bloomberg learned softbank was trying to strike this deal that could be valuing it at 40 billion. Arm, weis deal to sell could have seen softbank reviving those stocks about taking the group privates. We are hearing that softbank divisionelling its arm to nvidia. This would be a 40 billion deal, the biggest chip deal to date. The transaction value is up to 40 billion. Nvidia could be paying more than 21 billion in stock and 12 billion in cash. This would be a 2 billion payment as signing. This coming at a time as we continue to see softbank divest its assets. Softbank could be receiving an additional 5 billion of cache if the performance meets certain targets. This also depends on what regulatory scrutiny they go through. This could be the largest ever in the semiconductor
Acquisition. What a first half for tech ideas, nasdaq announcing 97 initial offerings. Can it be sustained . We ask a nasdaq insider. First to our lead and another turn in the sprinttmobile deal. The u. S. Justice department is on the verge of approving one. Dish could become a strong competitor in the u. S. Market. Lets bring in our cells reporter. You broke it. Congratulations. It has been a long time coming. Reporter this is a happy turn of events. The shares are very close there are a couple of issues remaining but not insurmountable. Metboard of deutsche yesterday to discuss the package that is being discussed at the boj as these other remedies that will help the boj the doj approved the deal. They are selling three prepaid brands as there will be spectrum as well. They are talking about how dish gets customers across to their network and there will be arrangement where they share the network and spectrum. Caroline this is what revlimid what regulators have been grappling with. Th
2018 so far. Nasdaq closing at another record, its really the tech underdogs taking over. A number of stocks down double digits over two weeks are surging today. Check out oracle, micron, all leaving the charge do these beatendown names have room to run . Which will be the next to break out . I think its micron tim said last night thats the aggressive pick, he liked it, but micron sticks out like a sore thumb micron is trading 6 1 2, 7 times forward earnings they had a great quarter but the stock sold out people are coming to the realization that nand pricing is still in there micron, which went from 36 to 50 seemingly overnight, retraced back to 39 i think if you look at one of those names on that list, micron sticks out to me ibm note takers here . I actually own ibm but i dont believe the story of what i was hearing today. You own it i do own it but i dont see the upside of that kind oftrajectory for ibm i still think they have to work through a lot of Different Things they were tal
For you on that. And rolling out the red carpet, denver one of a dozen u. S. Cities now battling to be amazons hq2 were going to go live to the mile high city with the governor of colorado. Power lunch starts right now Rocky Mountain high colorado Rocky Mountain high welcome to power lunch. Im melissa lee. Tech leading todays record breaking chart the s p 500 topping 2,700 for the First Time Ever. Commodities on the move as well. Crude above 61 for the First Time Since june 2015 platinum by the way highest level in more than five weeks. And gold is trying for nine Straight Days of gains nat gas taking a hit today with prices up 10 in the past week as tyler mentioned this record breaking cold really causing people to stay inside. Shares of scana up South Carolina residential customers will get an average of 1,000 within 90 days of the deal being completed, brian. Melissa, thank you im Brian Sullivan as much as the world focuses on trumps tweets, lets stay focused on your money. And can
Recordbreaking day for the stock market we cross one more millennial, have more to go . The president is talking about 30,000 who knows where were going. The important thing is to note how broad the rally is, not just tech stocks, in fact, theyre not necessarily the most important part of the rally. Lets look at the sectors moving financials is been big Interest Rates have been moving up materials, thats a rally thats continuing to ratchet. Energy strong with oil over 60. Even Consumer Staples are leading. You know whats not doing anything anything thats Interest Rate intensetive. Real estate, investment trusts, utilities lagging for a long, long time. Of course, those are bond proxies. A lot of new highs in financials as the higher Interest Rate scenario is helping the banks out. This is a small spattering i could go through American Express, etrade, key corp, suntrust, all sorts of banks all the Major Money Center Banks as well as the super regionals at 52week highs a cyclical rally,