We will discuss the secret to the companies continued success in asia, and its u. S. Ambitions. Uber has set the stage for one of the biggest deals ever. The service has approved softbanks offer to buy a 1 billion stake. Softbank and other firms will be allowed to invest up to 1 billion in uber, and can buy out the 9 million in shares. I caught up with cory johnson and eric newcomer. We have basically everything except the price, which is key. And who the sellers are, we dont know that for sure. Therefore, we dont know the total amount that is up to be bought. But we have sort of a slate of governance reforms, and we have softbank and a number of other potential buyers. But the thing we have been negotiating for the last many weeks now if those governance reforms, and the process by which softbank would buy the shares. Emily so, talk to us about some of the governance reforms. There were some contentions over Travis Kalanicks role. He made some compromises and benchmark made some compr
Because theyre coming. Toyota in so many others coming into the United States and all that needs to raise money for people. Lower taxes than what it really means is jobs. Maria the president says the u. S. Is the best place for Global Investors are treasury secretary Stephen Mnuchins comments that the dollar touching a threeyear low. Others low. Ill be saying to the secretary to talk about that coming up this morning i met a few minutes. Coming clean, algae says washing machines are about to get marks and then responds to deep new tariffs announced by the Trump Administration earlier in the week. Ill discuss that with wilbur ross moments away. Dow jones industrial average getting a new alltime high yesterday. S p 500 and nasdaq lower after declining technologies. , but not the dow continues in uncharted territory. Features look like this on the mixed performance yesterday looking among the intent of the dow industrials up another 40 points this morning. S p 500 announced back also high
In a defiling that it now owns 7. 5 of the food giant which makes oreos, ritz crackers and wellknown brands. Whats unclear is what the investor wants to do with the company. Ackman wanted the snack maker to grow revenue or cut costs or sell itself. Mondelez, for its part says they will welcome them as investors in the company. Ackman joins nelson peltz. His firm holds a 3 stake in mondelez. Well show you whats going on now in the premarket trading as a result of this and you wouldnt be surprised to see that they are sharply higher. What does he want to do with the company . He wants the stock to go up so he can sell the stock for more than he paid for. We were having a conversation off camera. Okay. Maybe he sees something thats not being optimized at mondelez the way that management is running things but what he really knows is i have enough money, 5 billion. I can make a splash and in all likelihood the stock will start going up just on that and then you agitate, you mess around, you
Great to speak with you once again. Let me start with asking you how you are processing all of this happening on capitol hill. Housef republicans in the and senate wants. We just heard the senator of north dakota saying the top tax rate will be 38. 5 . How are you processing what is happening . Mick we love it. We are having a great time because every time we hear more details, what we learned is it is reinforcing the fundamental principles are being met. The contest we set up six weeks or eight weeks ago we set the most focus on,re middleclass tax cut in the tax and thets more simple, tax rate is as low as we can get it at 20 . The houseal about bill, just hearing stuff about the senate bill today. Those principles are being maintained, which is encouraging. It means they are taking our proposal seriously and setting those in stone. Right now, it looks like were negotiating the smaller details. It does not mean they are not important, but things are moving in the right direction. Pres
But at the highs of the session. , coming off the lows when the picture was looking a little bit worse. The picture improving. What is behind some of this, a low speculation, perhaps worries about tax reform and the Producer Price index come in hotter. Maybe worry the fed will raise rates a little bit faster than expected. There is also a cross asset picture happening, especially with oil. This is what started the declines. Iea cut its forecast demand for 2018, citing the 201 price gains and a milder normal7 milder than normal winter would temper demand growth. Thees below 57 and 56 to 55. 5 dollar mark on oil. That is translating to dragging down some energy stocks. Goldman downgraded the oil services and equipment to neutral from negative. Citing caution on their offshore drilling. You are seeing those go lower. Baker hughes is having a ge affect with the ge board may conclude they may need to divest investment, but it could take years. Bakeries use as well off today. Baker hughes as