Premarket. The price for paramount. Sony and apollo submitting a cash offer. That includes debt. I will bring you up to date with the very latest reporting on this saga. Lets get the Market Reaction to this mornings job numbers. We were looking for 240. Negative revisions of about 22,000. Bond market kind of sniffed this one out, jim. It did. This is one of those moments where i think youre sitting there and saying, well, think about the narrative we had on tuesday, that tomorrow, powells going to lower the boom and talk about how, yeah, the chances are we could have a rate hike. He would have looked very foolish. Instead, now people are saying, did he have the number . No, it was a pretty tightly kept secret, but when i look at this, i say to myself, all right, we probably will get a rate cut if things get a little bit lighter and that the market is very poised to have a run here, which is really amazing. Yeah, the tenyear right there tells the story, doesnt it, jim . Sure does. Falli
U. S. Equity futures at this hour have been a bit weak in the for the morning. You know what . Just the dow futures. That might have something to do with what becky is going to tell you about. The s p is actually up a point. The nasdaq is up about four. The nasdaq had some rough sledding lately. The dow is the index down today. Down about 21 points. Crude prices coming off a loss of about 5 . Wti posting the lowest close since november. Joe, i ae lewd eluded to it. Its sitting there at one price, then a totally different price. You think it has to do with the world we live in now . Absolutely. At 11 20 p. M. , oil is trading 45. 25 and the next hour 43. 76. How does that happen . Were the world is chasing alpha, when the quantitative models see an opportunity, which they see in oil, thats where all the activity is. It wasnt an overweight trader with fat fingers . No, and not pure fundamentals. Fundamentals are deteriorating for oil. It is seeing the opportunity, lowvol world. You go ar
Call me a clown or even a joker, as long as its not a midnight taker. Maybe theyre complimenting my keen sense of timing when they compare me to soupy, bozo, crusty. Anyway, the jokes on them, because knowing the right moment to buy. Buy, buy, buy sell, sell, sell among the most important and frustrating parts of managing your money, you tell me so many times when i see you and im solving it tonight, it is demanding. Precision is tough to get right thats why you hear commentators its impossible for individuals to on time the market. There is a whole the Cottage Industry of naysayers. The house of pain who make a living telling you that wells no way a regular investor can do it so you may give up on trying to trade, give up on picking your own stocks and just put all of your money in an index fund and performance as a whole and leave it well for all eternity. I have nothing against index funds per se. They could be a decent way to manage a portfolio of individual stocks and many people
Will be joining us. But first the top stories. Its nice to see you again. Well do these stories in a second. Well take a look at comcast. It looks like they are beating it looks like they are beating on both the top and the bottom lines there. 79 cents, x items, and then 17. 83 17. 83 billion in revenue. Okay. In the year ago quarter, you had sochi, this quarter, you have the super bowl. So to compare apples to apples, theres a lot of excluding of different revenue metrics. Comcast is excluding olympics and super bowl but Thompson Reuters is not. Most of these numbers look like they are above analysts expectations. We should point out just right off the bat here i think the company is going to there it is Share Repurchases. People were talking about that. Once the deal brian alluded to it when he was on the show. Also combined with the Dividend Increase youd like to send your application to an additional lpder in the future. In some cases the story looked at four or five individual cas
Train, though. Michael lewis wrote a bestselling book about trading and said u. S. Markets were rigged and now everyone cares. And congress is paying attention. A senate panel is holding a hearing this morning into highfrequency trading, asking whether the business is riddled with conflict of interest and if it is responsible for the loss of investor confidence. Megan hughes is covering the hearing on capitol hill. It is a whos who in the industry at this point, right . That is right. I will tell you the star witness is in his first panel, brad cap zeyuma. A brad kat blew the uncovered and whistle on a lot of these highfrequency trading frat practices. His testimony, there seems to be agreement that on some level the market is rigged. New technology should not erase enduring values. Financial markets cannot survive on technology alone. They require a much older concept, trust. And trust is eroding. The next panel, we will have quite a juxtaposition. That is what we will hear from some