Was put on bloomberg television. Im Erik Schatzker. It, awill get right into big morning. Excited about our guest host, lets get started. President and ceo of sprint. You were the man responsible last year for getting a deal with softbank come how is it going . It is going well. The week ago we announced results and stock was up 11 on the day and 18 over the last week. We had our best Net Operating Income number in the last seven years. 11 quarters in a row of beating on ebitda. Our subscriber numbers could be better, we are reengineering our network. What has the softbank do thatp allowed you to you could not have done before. What is it going to enable you to do in the future that you were not able to do . Longterm. Re on the this big network, sprint spark, it will take time and money to do it right. We can take a longerterm perspective. You have an 80 investor who was talking about a 300 year plan 300. Whenever going to get sprint spark in your . In new york . You have it now. It is
The fed chair will be testifying before the Senate Budget committee this time, starting at 9 30 a. M. Eastern time. She told the join the Economic Committee the economy still needs plenty of support and that the markets are not in bubble territory. Valuations are in house torq historically Interest Rates are historically low. That feeds into the valuation. Theres that linkage. There are pockets where we could see valuations in smaller cap stocks but overall, those broad metrics dont suggest that we are in obviously bubble territory. In reaction to her comments, the dow managed a triple digit gain, closing at 16,518. The s p 500 also picked up ground adding ten points. The nasdaq, though, dropped 13 points. The nasdaq looked worse earlier in the day, though. You did see much steeper declines. It was boosted into the decline of 13 points by the end of the day. The futures right now, youll see at this point dow futures are indicated higher about 13. 5 points, nasdaq up by 2, s p up by 1.
Ipo, insiders with a chance to sell after the lockup expires. The stock down almost 40 this year. Can we make a crossborder deal . Germanys buyer acquiring mercks consumer business. The president of france throws a wrench or tries to in ges plan to try to buy alstom. Can hollande convince ge to sweeten the offer . Apple trading above 600 since 2012, push for upgrades, new products incoming, are we in for a sweet spot for apple shares . A crucial morts for general moto motors. Another engineer exits. Jim says now is the time to buy. It has been a long road for shares of apple. The stock closele above the 600 mark since october of 2012, comes two weeks after apple announced the seven for one stock split, better than expected numbers and expansion of the Buyback Program from 60 billion to 90 billion. The low, 388. The high 702. Closer to the 702 at 600. I think that tim cook listed on to carl icahn, he listed on to a lot of things a lot of people were saying and distilled it and recognize
Even as the nasdaq is rallying today. Theres red flags for tech. A very bearish outlook for Morgan Stanley on tablet, fesk. You need to hear whats going on in sales on devices like ipads. A special report coming up. The quarterbacks for ipad sales going forward. Hope you saw it this morning. Tim geithner unplugged. More of cnbcs interview with the former treasury Second Coming up. What does he say to people who still insist the Bank Bailouts was unnecessary. Tim geithner with very honest and straightforward answers as he spoke to our own Andrew Ross Sorkin. Coming up on closing bell. Looking forward to that very much. Final hour, continuing the snapback that began on friday if you want to step all the way back. Dow adding 115 points, shy of 16,500. S p 500, the nasdaq is the real talk, up 27 points, 1. 8 and theres the s p. Adding 17 points or 1 today, a strong start. 1. 8 on the nasdaq. Joining us. We have kathy wood, ron weiner and hank smith, steve saks from pro share advise errs an
Stuart three big names we are watching over you. Hedge fund manager David Einhorn betting against Athena Health. He calls it a bubble stock. Look at it down. The lockup period is over. The stock is down big. 11 . They are buying burke. Check the stock. You know the names involved here. Stock. And clanton amongst many others. And it is a long list. President obama anticipating the National Climate assessment. That report finds, quoting directly, Climate Changes having a presentday negative impact on americanss everyday lives and damaging the u. S. Economy as extreme weather, flooding, drought and other disasters to every region in the country. The president is following that with the report of a meeting with government a University Scientists and meteorologist telling them extreme weather like Superstorm Sandy is directly linked to Global Warming and you wants action. Fox news senior meteorologist janet deegan is here. Is linking the extreme weather events to Climate Change, what do you