Nasdaq down by about 20. Lets get to the other story of the morning. Charter communications buying Time Warner Cable for 195 in share in cash and stock. That deal is about 55 billion. They rejected charter last year instead going for the comcast transaction. Todays news comes after months of speculation and after contrast dropped its 45. 2 billion merger agreement over antitrust concerns. That transaction was blocked but time warner looking like theyll get the better deal in all of this. We all looked at the comcast deal and said are you crazy youre going to get nothing when this is all over. 2 billion break up fee. But more than that you get a much higher price and a much greater likelihood that this deal will go through although rich greenfield had a very interesting comment this morning, i dont know if you saw it which suggested that while everybody thinks this will go through if people know im going to get it to airlines joe so watch out, if the government was wary they allowed the
Joined by top names. Hat will be coming up lets get to our top story. Closer anda step faces potential investors. With have a look at the mechanics of the road trip and some questions for the key investors. Lets talk. If you are sure now and later today, that roadshow begins and the investors are likely to ask questions about the mma strategy. They have a professional sports team, soccer. Interesting diversification. There is a question about analysts and profit margin. This is what the Community Wants to know more about. How do they maintain solid margins in the face of business that is expanding. A business that is not viewed at 160 billion u. S. Dollars. Extraordinary. We are talking about potential investors and also looking at a rather complex ownership structure, as well. It is not investor friendly and that is why they chose where they could have the dual structure that gives them more power and control to a set group of shareholders and company directors. Hong kong was not will
We saw great solidarity with ukrainian refugees. Now its much less than the founder of the 1st ever german food buying salad. The alarm saying people are struggling to get enough to eat because there are too many mouths to feed with. All right, it is a tuesday afternoon here at moscow. Its great to have you with us for this. I was program from the entire auto news team here. Welcome to your stories. So the world should accept the new reality. Thats the message from russias foreign minister, while commenting about the accession of 4 former ukrainian regions into russia. Of course this follows the local referendums last month at the opera house of parliament in moscow approved this morning to include the tanya, its going to look on square publics as well as a her son apology regions into the country of silicon incidence that it doesnt matter for russia, whether western countries accept our decisions or not, it would be right for every country around the world to accept the new reality be
Consequences of any action that we take in syria. Woodruff then, al qaedas fight against American Drones and the black budget behind u. S. Intelligence. We examine the latest revelations from the classified information leaked by Edward Snowden. Ifill roughly one out of every six new yorkers is over 65. Hari sreenivasan reports on efforts to make the big apple a little more agefriendly. Woodruff and are colleges too focused on Career Training . Jeffrey brown sits down with the author of the new book why teach . Thats all ahead on tonights newshour. Major funding for the pbs newshour has been provided by bnsf. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you.
Crossing the wires. It is official. Joseph a. Bank is acquiring eddie bower for more than 800 million in cash and stocks. Talks will be rooub roumored ea this morning. Joseph a. Bank does have the right to end that agreement if it receives an acquisition bid that et feels would create more shareholder value. Joesest a. Bank and menswearhouse have made bids in the last few months. Andrew, youve had some pretty strong thoughts about this move when it was first rumored that it might be happening. This is the talk to the hand because its nanny, nanny, nanny. Yeah. Craziness. We can talk about that more in just a moment. Weve got some frozennomics to talk about first. The unusually harsh winter will be trimming 0. 3 Percentage Points from gdp this quarter pulling q1s annualized growth rate down to 2. 2 . The weather has closed businesses. Its disrupted transportation supply chains and kept a lot of shoppers at home. Among the other drags on the economy, energy bills as consumers have to pay