How stone brewery is tapping the barrel some of the biggest markets for beers. All of that and more, but first, my cohost. That meeting would rue all around a 54 billion hostile takeover bid. Set for october 6. Williamssonoma trades are down after hours. Retailer another falling during afterhours trading. Fighting a sluggish economic environment. Thanks very much, carol massar. The American Family is an insecure one, that is what Marianne Cooper discovered when she looked at how the recent recession has affected the American Family. The title of her new book is titled cut adrift families and insecure times. She 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 sheryl sandberg. Why did you decide to write this book . I decided to write it because most of the discussion about inequality and insecurity is statistics and its presented in graphs and charts. But theres a lot of humanity i
Stocks and stories making headlines today. Lets begin in the middle east. Egypt says its ceasefire agreement has been reached. A sevenweek conflict that has killed more than 21,000 2100 palestinians. Palestinian demands for a gaza airport and seaport will reportedly be discussed at a later date. Also today, the Associated Press signing family members and u. S. Officials is reporting the third u. S. Hostage held by Islamic State militants is a female aid worker and it comes after the Obama Administration authorized surveillance on the militants in syria. That could be a prelude to airstrikes in the region. The Islamic State has become one of the most feared terrorist groups. It is extremely wellfunded. Part cook has more on that of the story. They are doing it through the course of their takeover of seven oilfields in northern iraq, including two refineries in six of 10 oilfields in syria. Generating by some estimates as much as 2 million a day in revenue for the Islamic State. They bas
Plus telefonica should could raise funds for its rod ban unit , more than 10 billion. It has said to be coming up with its own offer. We will bring you all the details. I want to get back 12 main story, burger kings acquisition of tim hortons. Buffett will get a preferred stake in the roughly 10 billion company. It appears to be a good move for buffet and burger king but what about for shareholders . Erik schatzker joins me now. You could almost smell this happening yesterday because of the involvement of one of Warren Buffetts favorite private equity groups. The resilient billionaire who will have a 51 stake in the combined burger king and tim hortons. I was going to say conspired. Why would i say that . Our nerd last year. You are right, you could almost smell this coming. Lets talk about what it is buffett is doing. , he isn what we know now getting a 3 million preferred stake in the new company. What is that mean . They are senior to the company but junior to debt. Because of the f
Continue on. The u. S. Moving to we will take a look at mba mortgage applications. Earnings before the bell. Tiffanys, michaels, express. More retailers. More retailers. Here is one item to note. Antiaa College Football season begins today. Labor negotiations began last week. Tiffanys will be interesting because of the japan influence. Absolutely. I find there to be a big asterix around it. Substitutable goods. Yes, they are. Lets do a data check. Stocks, bonds, currencies, commodities. 2002 was the closest. 500. On the s p there is the vix. The dow well above 17,000. Was really smart on this yesterday. Flatter yield curve, higher twoyear yield compared to what you to a lower 10 year yield. Lets go to the other side of the world. Versus south korea. Here is the asian crisis. This is ugly korea. Japan does better. This is the churn. Stronger yen. This is the abenomics pullover. This is really moving. Stronger korean. This profoundly affect south korea. Theou can just look at success of
With a firsthand account of the situation there. Olivia sterns details a multimillion dollar purchase. We begin with julie hyman and burger kings interest in tim horton. If the deal is made, burger king headquarters would move to canada. To account outside toronto, and this is one of the socalled tax inversions we have heard so much about recently, which would reduce the tax rate for burger king. If you look at the tax rates overall of u. S. Versus canada, in canada you are looking at 26. 5 and in the United States you are looking at a Corporate Tax rate of 40 . This could potentially represent a significant savings for burger king, and this is the primary reason folks are talking about as the impetus for a deal potentially being made. Burger king, by the way, 70 owned by three g capital 3g capital, and they may be interested in doing some cost cutting, etc. , as a result of this deal. Icon. Rtons is a canadian we were talking to erik schatzker, and native canadian, earlier, about the