Vice chair fisher on the tape again today. Charter communications buying Time Warner Cable in a deal valued more than 78 billion. Well talk to the ceo tom rutledge first on cnbc. General motors the deal that never was and criminal charges that reportedly still could be. Twitter reportedly engaged in talks to acquire flip board at a 1 billion valuation. First up Charter Communications striking a deal to buy Time Warner Cable for 195. 71 a share in cash and stock will be more than that with charter stock going up. It does consist of more than 100 a share. You can get 115. Rest will come in shares of charter. 78 billion. Roughly 56 billion when you dont include debt. It comes after nbcs Parent Company comcast was forced to walk away last month from its 45 billion deal to buy Time Warner Cable worth about 160 at the time given regulatory impediments of great significance. Stay tuned for a live interrue with tom rutledge. He will be the chairman and ceo of what would become should it actual
Retain his position. The vote maybe closer than expected. Support has waned leading up to the vote in zurich. The u. S. And canada say they will vote for a another candidate. Before the vote, he appealed for unity. It main up always be is eat but we are gathered here today to tackle the problems that have been created. We will try to solve them up. Erik isnt that surreal . It may not be enough to get him the two thirds vote he needs to win election in the first round and that would mean a runoff. Stephanie time is running out for greece. The company has country has not said how they will pay 1. 8 million to the imf starting next week. The positive reports from the greek government dont reflect what is actually going on it. What does that mean . The two sides not close to a deal that would unlock bailout funds. Greece has claimed that a solution could be reached by sunday. Greece must come up with more Economic Reforms before they will hand over this money. How about this story . The nu
More cash to shairps shareholders. Sears shopping for buyers for its canadian unit. Eddie lampert making more changes to that retail empire and sony, negative results again. More record highs for the s p and dow despite the soft data. Will we see new highs today . Another acquisition for yahoo . Marissa mayer scoops up snap chat rival strategies by a thousand buys blink. Youll miss another one. Whatever that meant. I dont know what i just said. Alibaba liked it. First up, though, macys did report First Quarter earnings of 60 cents a share, Beat Estimates. Retailer says comp sales down 1. 6, hurt by the Winter Weather and macys earnings released Terry Lundgren says sales trends did improve in april when weather started to improve. Announcing a 25 Dividend Increase and boost in the share buyback. The story on m is margin control. Despite the decreasing comp held vndsers to the fire. Got operating margin, 7. 1, looking for 7, gross margin 38. 9. Thats in line. Did they squeeze toomey . I
She sits down with me to discuss the direction of her industry. I will introduce you to the 100,000 dollars safe that can protect your homes most valuable possessions. Headlines with carol massar. Puerto ricos Credit Ratings was cut three levels into junk status by moodys. The potential for further cuts to come. The change could affect more than 14 billion in general obligation debt. Gms surprising investors with a u. S. Sales gain at the analysts projected a declined. These numbers come as the automaker continues its recall. The total reaching almost 29 million vehicles. Ford, chrysler, nissan all beat estimates. U. S. Auto sales helping out u. S. Stocks in a nice rally. Sending the dow into triple digits. Within twooming points of 17,004 the first time. That is a look at your top headlines. Thanks. Lets discuss this rally. We have the director of stment strategy at also, we have bloombergs keith naughton. Usse, i want you to tell what you think that the market is rallying. The econom
Erik schatzker is in colorado. We will hear from him in just a moment. We do have some breaking iso manufacturing data. Lets go to Michael Mckee. It looks like it is a little and versuss estimate may. Although the numbers underneath are not bad at all. Were talking about a fairly high reading to begin with. We were 50 54 last month. Month. 55. 3 this an elevated number. The new orders index goes up to 58. 9 from 56. 9, suggesting we will see strength ahead. Good news for the economy. The production number changes hardly at all from 61 down to 60, but that is a very elevated reading. The one everyone is watching, employment and. Similar to last month, 52. 8. We did see job growth in manufacturing last month. The forecast are we will still see job growth in the month of june. All in all, a decent report, even if the headline doesnt maybe live up to what economists had hoped. Were seeing the s p around the highest of the session. Thank you, Michael Mckee. Erik schatzker is a beautiful col