Years. Companies are showering cash on shareholders. S p 500 companies bought back more than 128 billion of their own shares in the third quarter. Thats the highest level since the Fourth Quarter back in 2007. If you combine buybackes and dividends, you get a total of 207 billion. Thats just in the third quarter. Take a look at the futures right now and see how markets are setting themselves up for the morning. We have some green arrows again. The dow looking like it would open up about 30 points higher, nasdaq looking like it would open higher. We have more on the markets in just a few minutes. But before we do that, Michelle Caruso cabrera has some of the morning headlines. I love the shirt, andrew. Thank you. Its terrific. I will take that. In corporate news, disney is reducing bob igers pay. Disneys strong results didnt outperform igers target by the same extraordinary amount in 2012. In other company news, the company has named jack dorsey a cofounder. Shares of disney are up this
New york stock exchange. Twitter finally going public today, pricing 70 million shares, 26 each. Thats above the expected range of 23 to 25. Company will raise at least 1. 8 billion and trade under the ticker twtr. The ipo values twitter at 14, 18 billion that, number still to be determined. Well talk with twitter Ceo Dick Costolo right after the opening bell, a lot of other special interviews throughout the morning. Youve been tweeting. How meta is that about just how overallocated this is . I did just about ten minutes ago, speaking to a number of Hedge Fund Managers this morning, who all of course are disappointed in their allocations but not surprised. But for 2 million you get 5,000. You put in for 7,000, you get 10,000. But theyve also been providing color buy as you might expect the underwriter goldman sachs. Ive heard the deal is about 30 times oversubscribed, which is a nice amount. And that the top, you know, ten holders got 50 of the deal, the top 30 accounts got 75 and 300
Been called, and we have unhealthy levels of pollutants in the north bay. Keep this in mind. We could be looking at this trend every single day this week with really bad air quality headed our way. If you suffer from respiratory issues, stay close to the forecast all week long. This is just our first spare the air day so far this week. We could be looking at them every single day, all the way through thursday. Highs today only in the 40s. Tonight we have another freeze warning in place. Should be the last one. Ill let you know how cold its going to be where you live and when we might see the return of some showers here in the bay area. Thats all coming up. Right now, back to your, terry and laura. Christina, thanks very much. With temperatures starting to climb back up, this will be the last day warming shelters in Santa Clara County are going to be open 24 hours a day. Tomorrow morning the shelters in san jose, sunny vail and gilroy will close in the morning. Theyll reopen tomorrow af