Becoming part of the washington machine. Thats not who i am. Brad the 52yearold firstterm senator is headed to New Hampshire today followed by key early states like iowa, south carolina, and nevada. Senator ted cruz is also declared for the race. Fedex is purchasing tnt for 8. 8 billion in cash. The same amount of money they hinted at in 2012 before regulators said they would kill the deal. The fedex ceo said he is confident that it will win approval. If you look at our situation in europe and tnts there, it is highly complementary. Marketshare numbers would appear to be problematic as they were in the case of the previous transaction. Of a stronger dollar is helping, ups going to be spending more than what fedex will pay. A deal in the Data Software business. Going private, a private equity firm connecting to the investment bird dashboard are buying the company for 4. 3 billion in larvae it largest leveraged buyout in years. Elliott management pushed for the sale earlier this year. Th
Tourism group says profit targets are on track and take steps to simplify its business. The shipping giant trades lower as the volatile crude price weighs on the business. This despite posting a First Quarter profit beat. Welcome to the show. Im seema mody. Italys gdp number just growth beating expectations of 0. 2 . This following the pick up in frances growth. Better than expected gdp numbers out of italy up quarter over quarter. Seems like aided by oil prices and weaker currency helping italys growth. The euro very close to session highs. 112 against the u. S. Dollar. Lets recap the other data. France surprised the market by posting its best quarterly performance. Gdp at 0. 6 ahead of expectations. Germany missed forecasts printing growth of just 0. 3 trade. That was a big drop on growth in the First Quarter according to the data office. Now the external numbers for germany have always been a little weak. Capital orders were a little bit disappointing but consumption has been quite
We just experience. It is. We have seen three times as much snow on average. All of it has a huge Economic Impact especially on the airline industry. In january, we saw an incredibly number incredible number. We have seen an Economic Impact sales figures were impacted in january due to the cold weather. Impact on people going out and shopping for cars. His shadow. Il saw this is obviously happening. Weekend . E expect this will it continue like this throughout february . Serious, real data. I would like to think i am more accurate than the groundhog. We are looking at a long winter so far at least this week. The first week of february, three storms in one week. One came conveniently after the super bowl, was fans are happy about. That one that canceled 2000 fights on monday when people were trying to get back. Another one today and it possibility of a third storm on sunday. Predictions have been all over the place. It is still a few days away so it is difficult to call. I do not want t
Again, is twitter. If youll recall back on friday, the stock, 60 million shares changed hands, down 13 . Big deal on that volume and that decline. Its down once again today by more than 7 . At last check volume was about 31 million shares, so very heavy volume in this social stock. You know, i think the headline on an article i just read on marketwatch summed it up best, irrational exuberance meets reality. So this is a stock that really moved so dramatically since its november 7th ipo and now finally getting grounded a bit. Back to you. Adam realitys a bummer. [laughter] lori with the dow and s p trading near records, are we truly in a pull market or not . Well, my first guest says probably not if you look at the nasdaq, executive director and chief market technician with mkf partners. Hey, jonathan. Youre looking at the prices, the levels of the markets, where theyve been and where theyre going, and with the nasdaq just 26 off that high, thats significant. It is. You like to see all
It is announcing that it sold the last 70 million shares that it announced a couple of weeks ago. Finally with all said and done would recoup about 431 billion of the 421. That is about a 10 billion dollar gain on all other things out there. So i guess bringing history to an end here where treasury will leave or exit the General Motors once the biggest auto maker in america. Certainly one of the biggest. Certainly profitable as they point out, talking about 340,000 new auto jobs created for gm. Thank you, steve. Be careful. The stock that is not much of an overhang. A lot of people knew this. Going for the job saying this is happening. Those are taking it. You wont see it last a day unless the futures go up. Gm doing better in europe and china. It is a good story. Ford not going up since the the stock shouldnt be up at all. Along with that a lot of retail numbers. Shares of target are down sharply. Discount retailer posting results below estimates siting delusion relating to the canadi