It is Market Makers on Bloomberg Television. I am Olivia Sterns in for stephanie. I am thrilled to be here. The emmys are on tonight. There is a great big canada story in the news. Data could be a huge story. If tim horton gets taken over once again by an American Burger chain. It is about the Housing Market. New july homes are in. We have an on extent did unexpected drop. In july they actually fell 2. 4 . Decline inecond as many months. Analysts and economists we surveyed were expecting an increase to 430,000. It this 412,000 is the fewest since march. This is the lower than the lowest estimate. The Housing Market is recovering in fits and starts. I am just looking. U. S. Stocks continue to rally higher. We are at the best levels of the day. The s p 500 is one point away from reaching 2000. Dampenedto not have anything. This is a disappointing read on housing. Scarlet fu with the latest on the Housing Market. These the top business stories around the world. It will be tougher to make
Commodities, and currencies, this is a poll but from the last three days of celebration haired futures are down one point. We look at this turning. The fix is 11. Yearerman tenure is can tenure. This will be part of a we do today. Is back 15 data years. This is the nirvana that we remember. I bought at the bottom. Right there. Is where i bought. Down we go. There is the ab from a year ago. This is what we are seeing from data that is two or three months older. The chief economists were view oning this 2015 housing. We will see that through the morning. Look at bloomer television for more housing economics through the morning. What an interesting set of newspapers and websites. We need to go overseas first for a first front forced page story. This could pave the way for u. S. Airstrikes against a Islamic State forces in syria. The white house makes clear that obama has not up route military action inside syria. He is resisted taking action and getting bogged down there. He is not asking
The barrels in one of the biggest markets for beer. All of that how stone brewery is tapping the barrel some of the biggest markets for beers. All of that and more, but first, my cohost. Bill ackman, given the right to fasttrack litigation. That meeting of shareholders would surround the 54 billion hostile takeover. For allergan. For september 6. Williamssonoma is down in afterhours trading. While profits rose nearly 5 , is outlook missed on estimates. Falling in afterhours trades and shares of gas falling in afterhours trade. Top is a check of your stories this hour. Thanks very much, carol massar. The American Family is an insecure one, that is what Marianne Cooper discovered when she look at how the recent recession has affected the American Family. The title of her new book is titled cut adrift families and insecure times. In teaches gender research at Stanford University and was the lead researcher on the book lean in women and work and the will to lead. That was coauthored by she
Bloomberg surveillance. Get initial jobless claims and personal consumption and secondquarter gdp. Second looks at the Second Quarter. There are three looks. We keep revising it. The media puts huge look stress on the first look. This is the in between. The Bloomberg Consumer index will for drop. Earnings before the bell, abercrombie. Dollar general. K, aill take a look at splun Data Analysis firm. National bowtie day. We are going to rip up the script. National bowtie day. Is your bowtie cloudbased . Im celebrating National Bowtie Day in protest. We have breaking news i want to get to. The World Health Organization saying that more than 20,000 people may be effected infected with ebola virus before the outbreak is controlled. Of the infections are happening within the past 21 days. There has been a change in tone over the last 24 hours. If this outbreak were happening in the u. S. , this would be controllable. It does not spread in an uncontrollable way. The problem is not the disease
You are watching Market Makers on Bloomberg Television. I am Erik Schatzker. I am alix steel, in for stephanie ruhle. Were looking at burger king, tim hortons as well. And Canadian Dollar terms, it is 89. 32 a share. This is a whopping premium. If you go back to tim hortons whopping, good one. 39 . Clearly the brazilian billionaire behind the three g capital and burger king sees huge opportunities for canadian coffee and doughnuts. It doesnt hurt that Warren Buffett is interested in the deal and is backing it with 3 billion worth of financing. I think this is one of the most curious aspects of the deal. They have a history because buffett participated on a preferred equity basis and the 3g capital. Heinz by what we dont know yet are the terms of the preferred shares. When does buffett go into a deal and not get what he wants and more . The difference between this and the heinz takeover is that burger king more mena publicly traded company, here in new york and also in canada on the tor