This morning. Its between lucky and sir francis drake. And the warning signs are up. You can see it. Its slick out there and theres puddling in the middle lanes approaching the bay bridge toll plaza. So well give you your travel times, update you on any hazards and show you a check of mass transit coming up. Take it slow. Thank you. The weather probably played a role in a fatal accident in vallejo. A man was struck by two cars on broadway last night. He was trapped under the second car and dragged for about a mile before somebody got the driver to stop near a park. By then, it was too late. We have had some heart rain and its hard rain and its wet out. That probably had something to do with it. Thats more reason to slow down driving. The police say the driver wasnt aware he had hit someone. The pedestrian was not in a crosswalk when he was hit. Pg e has crews working to restore power all over the bay area right now. The most outages are in the south bay with more than 1700 customers wi
Dave and his team are looking at different scenarios and opportunities in marketing. We have an ongoing dialogue to build appropriate relationships. We are reviewing some of the other criteria that will be viable. Africa will be a part, i believe, of a future strategy for mcdonalds. We will have more of that interview throughout the day. Grabbed theo movie number one spot this past weekend. It opened with almost 70 million in domestic sales, giving time warners it first number one feature this year. That is something i want to say. My kids aside this weekend. Lucky me, i did not have to. They loved it. People are not loving things in washington, d. C. They are scheduling february 27th. That is when america will run out of cash. Unless Congress Reaches the debt ceiling. They do not want another showdown. There is still no offer on the table. Ill want to bring in our chief washington correspondent, peter cook it can they cut a deal in 17 days . This is the u. S. Government. Not much happ
Ther, we will talk to Senior Vice President of cbs interactive about the future of Digital Deals amid the era of threat. The big headline this morning, a little monopoly talk. Acquire timeeed to warner cable for 45 billion. Combining the two Cable Companies in a deal. Paying about 159 a share. The dollar shy of time warners asking price. A rare day out in the cold, but here you have it. The darth vader of cable. That is his moniker. I want to bring in alex sherman right now, and he broke this story for us and he covers comcast and Time Warner Cable for bloomberg. Talk to us about the idea of a monopoly here. Have, if they get rid of 3 million subscribers, they will have 30 market share. I feel like they will have closer to 75 of the cable universe. You got it. Question to regulators will be, how do you define the market that often . If you include directv and dish and verizon files, comcast will of all paytv subscribers. If you look at this world as just Cable Companies, comcast become
Also, refinancing activity is very high right now. As housing prices have increased, thats allowed more people to qualify to refinance their loans. Reporter but Goldman Sachs is a different story. It deals almost exclusively with institutions, not consumers. Its Fourth Quarter Earnings Growth came from a surge in Investment Banking revenues thanks to gains in stock and bond underwriting. Goldman earned 5. 60 a share in the period, compared to a 1. 84 a year ago. That was also better than expected. Big banks arent the only financials expected to do well in the Fourth Quarter. The Financial Sector as a whole is expected to post an earnings gain of 11. 5 , making it the best performing group for the Fourth Quarter. But that doesnt necessarily mean nows a good time to buy most big bank stocks. Theres a couple names out there in the regionals that look attractive. But for the most part, most of the companies are trading very close to our fair value. Reporter theres another trend to watch fo
Increased, thats allowed more people to qualify to refinance their loans. Reporter but Goldman Sachs is a different story. It deals almost exclusively with institutions, not consumers. Its Fourth Quarter Earnings Growth came from a surge in Investment Banking revenues thanks to gains in stock and bond underwriting. Goldman earned 5. 60 a share in the period, compared to a 1. 84 a year ago. That was also better than expected. Big banks arent the only financials expected to do well in the Fourth Quarter. The Financial Sector as a whole is expected to post an earnings gain of 11. 5 , making it the best performing group for the Fourth Quarter. But that doesnt necessarily mean nows a good time to buy most big bank stocks. Theres a couple names out there in the regionals that look attractive. But for the most part, most of the companies are trading very close to our fair value. Reporter theres another trend to watch for this earnings season cost cutting. Banks have been cutting workers and c