Financial in a 4 billion deal. Ceo will join us in a few minutes. And why the etf market may be getting a bit too hot. And after the bell outrage over the pentagon pushing afghanistan and iraq war veterans to pay back enlistment bonuses. Well have details coming up. We begin with full Team Coverage of the blockbuster buyout of time warner by at t. Eamon javers is covering regulation. Julia boorstin, lets start with you. This is a vertical deal through directv and uverse tv services and perhaps more important its 133 million u. S. Mobile subscribers. Time warner ceo saying all of at ts data will enable the company to create more content that Consumers Want and create ads that work. Theres going to be basically more effective advertising. It wont be as disruptive. You will have more efficiency. That means more cost of great programming being made on tv can be advertising that is useful to you rather than something you are not interested in. Reporter at t ceo Randall Stevenson says time w
Welcome to squawk on the street live from the New York Stock Exchange, im carl kin ten nia with melissa lee, cramer and neighborer are off today but we are joined by dennis. Good morning to you dennis, thanks for coming in. Futures today, a lot to deal with as you probably know. The fiscal cliff headline watch continues. You just heard john kanas say the market not too concerned. Futures up 21 points. Decent data out of europe, we will talk about in a minute what a day for the asian markets again. Also coming up. Our road map begins at Andrews Air Force base where the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt . Does the market fade if theres no news tomorrow night . The nikkei continues its 21month run. How much is the boj willing to put up with . Looking a at potential strike in the nations port on the east and southern coast, the first since 77 that could cost retailers and impor
On that item on item 11 . Dennis encouraging active and retired firefighters i was going to ask that question myself thank you for the clarification. Speaking now personally for no union or retired people im concerned with the fact theyre in this mou doing away with the 10 county survey for the terms of the contract far be it from me to question anybodys work regarding the employees and what they think that best by over the years to do away with the 10 county survey im concerned anytime i see it eliminated for a short period of time as being toe in the door could possibly change the 10 county survey when i personally over the last 40 years have benefited from any want to make known my personal feelings this is personal feelings regarding the 10 county survey. Thank you thank you. Claire i would like to actually expand a little bit on what mr. Encouraging said. This language says. The term of this contract only im wondering in other negotiations because once the formulas went to the 938
And theyre the losers because they wanted to buy and icy. Cme group down 2. 5 . The deal works out to 33 a share, a dirty premium. You have them all Electronic Exchange just 12 years old based in atlanta with the size and scale of commodity futures like Brent Crude Oil plus Interest Rate derivatives is huge and you combine it with the parent of the Oldest Exchange in the u. S. 200 years of independence. Charlie gasparino taking us through the day. When you got the first call yesterday and broke the story, what did you hear . Charlie the journal had a first headline, i heard something about this. I do not confirm the first interview but they had headlines of the merger. I was hearing it was a full out acquisition, the New York Stock Exchange getting bought by the Intercontinental Exchange and that blew me away. It is an amazing story. We fight for seconds here. Going on the air, basically saying at the New York Stock Exchange about the taken over, this is not a merger of equalss, this i