Down by 11. We have a couple of stories were watching this morning. Earnings central today. Quarterly results before the bell from dow component ge and honey well. Also Economic Data is going to be front and center because at 8 30 eastern time well get the Consumer Price index and then at 10 00 we get consumer sentiment. Also the Spring Meeting of the imf and world bank taking place in washington. Among the headlines greeces finance minister is promising to compromise in loan talks but also pushing back against some of the reforms. Greeces borrowing costs soared this week amid growing fears of a debt default. You were watching some of the bond yields for greek bonds. They skyrocket to the highest level in ten months. The yield. The price has dropped. I was focussing on my you werent listening. I was focussing on hitting this out of the park with the stocks to watch. Lets hear it. Batter up. I have often thought about that pause some people have aspirations. They can go to general news
Last night, a couple different issues. This puts them as the second largest tv company in the country. 5. 7 million tv customers at at t, 23. 3 million in the u. S. As becky said, its a 10 premium. It is actually a 30 premium when you look at the price relative to when rumors of the deal first came about. And let me tell you a couple thing that is randall told me last evening. He said mike and i have talked about this deal on and off for quite some time. They have been, quote, trying to assess the regulatory situation as it relates to this transaction. And he said the more we peeled back the onion, quite frankly the better we felt about it. Heres a standalone tv business and we are for all intensive purposes in mobile and broadband business, we are not, and he said this several times, we are not in the standalone tv business and we dont even really sell that product today. He also said they have been talking for years but interestingly enough they stopped at one point. They didnt do th
In australia, we see the a six 200 starting the day off with fractionally lower, a bit under. 5305 is your level there. The aussie dollar is weakening at 87 u. S. Cents. Zealand, we are seeing fractional gains, pretty much flat right now. New Zealand Dollar spot is weakening, 82 and a half u. S. Cents. We are also counting down to the open in japan and korea. Now,ss than an hour from futures trading in chicago, it looks like its going to be a fractional gain at the start of the session. The dollar yen is slightly strengthening this morning at 104. 28 yen to the u. S. Dollar. Is being so badly crushed by the playstation and next box from sony and microsoft that nintendo is forecasting a surprise lost. John is here to explain what went wrong. That nintendo is forecasting a surprise my favorite area, gone game consoles. About 240 million u. S. , after forecasting a profit of ¥55 billion. A dramatic shift in that earning story. Shoppers turned out looking for the opposition, sony and xbox
Rally. Disbelief in the prices where stocks are trading. And the moves that they have made. Moves like today. Dow gained 15 points. S p advanced 019 . And nasdaq claimed 0. 4 . The best percentage gain since august of last year. I think that this disbelief issue is the subtle undercurrent that accompanies so much of whats happening in the market lately. People they dont believe. They dont believe we can keep rallying like this. Without better job growth. After all, heres the subtext. How can the averages be making alltime highs when employment is still so much weaker than it was before the recession hit . That thinking is the reason why so many people are so mistrustful if not scared an frightened of this move. But theres a problem with this logic. Theres a problem with the idea that theres a positive correlation between job growth and stock prices. In reality as ill explain, there is a correlation. But bizarrely its an inverse one. Yes, less job growth can actually be good for the sto
Investigation of their metals warehousing businesses. In other washingtonrelated news, president obama has a series of economic speeches planned for the week ahead of key budget deadlines this fall. Hes going to be delivering the first address on wednesday at a college in illinois. More from john harwood on that next hour. Corporate news, apples main website for developers was attacked. The company now saying that no customer information has been compromised, but they cant rule out stolen data on developers names and addresses. As a result, apple is overhauling its database and Server Software to prevent future breaches. Good morning to you, mr. Kernen. Oh, good morning. Good morning, andrew. Good morning. I was up late watchle mickelson. Right. I bet you were. But i recorded it because it was over early. I didnt talk to anyone, look at anything, go anywhere. You had no idea . No, i made sure i had no idea. I didnt look at twitter, didnt look at any of my i saw something from alerian.