Great reporting by alex sherman over the last few days for this. The verizon sale will not include yahoo cashiers in alibaba, and verizon will be integrated with aol. Alex sherman is joining us now. You scooped this on friday. Talk us through what happened in the last 72 hours because there were still stumbling brocks tumbling blocks on friday. Alex verizon was always a favorite and we have been talking about that since january. Verizon upped its bid. In the last round of bids, verizon was still only bidding between 3. 75 billion and 4 billion. That was not the high bid. Yahoo had more or less put pressure on verizon saying if you want to buy this thing, you have been the presumptive buyer the whole time, you have to step up and increase the bid. We realize you do not want the nonessential into little property that is not part of the deal, but you still have to bump it up a little bit. Verizon figured when push comes to shove, at the very end here, that is when we will make our move. B
Line making its debut on the New York Stock Exchange opening at 32 a share. Trading around 42. 72. This is what the chief global officer had to tell us on the last hour of squawk on the street. Its a kind of trend and evolution. So we start but theres service and game service, they want it so theres two occasions theyre searching. So if the users can be very rare and nonstop service i think we can satisfy users. When they did it markets were at new highs and pokemon go was a global phenomenon. They priced it low. That was a big advantage here. User growth was stagnated. Revenue growth is still good. Its game dependent. This reminds me of when twitter went public. And these companies were going public when they already grasped most of the market opportunity. They can move wrond japan or new products. So you think they waited too long. Whether or not it was their fault. Theyre in great shape. Im talking about the investor side. You have to say how are they going to drive the next wave of
Over. Everyone is is basically over. I will point out that if you look at the value of stocks, there are a lot of ways to look at volume, and the total value is pretty high. Safety arease saw of the market lag while some riskier areas are doing pretty well. Ander im going to jump in take a deeper dive into some market minutes. S p is pretty interesting. We have obviously had a big shift in the past couple of weeks. Doing well sectors today, materials, industrials, energy. They are on a rebound after not doing so well. Strengthen oil after a bear market recently. We are looking at some sectors that have not been doing well. This is year to date for utilities and telecom. Still very far up, but hurting today, hurting recently. We will see how that changes as we go into september. Out,ly, as we just pointed this is incredible, the fiveyear look at the nasdaq. Last one to cross the alltime high recently. Another day, another high. Here is the u. S. 10 year yield, down a little bit today, u
Pick up as well. Negative rates, plus the global bond rally and the outlook for Central Banks across the world with blackrocks cio rick rieder. That is coming up later in the program. Jon, overall you are looking at equities still near the oneyear high. Positive for the year for the First Time Since january. You see it on the move today, up about. 4 . The ftse up as well, about a quarter of a percentage point. Futures in the United States possible futures in the United States positive as well, getting back to a record high. Eurosterling, that broke out to an august 2013 high at one point in todays session. Better euro strength against that pound weakness. In a commodity market, wti crude closed out last week. Positive again today, up. 3 . 44. 63. Now at friday was all about weak retail sales. Twoyear note is coming in again, down a basis point. We trade at. 698 . The week ahead, all about the fed guides with the minutes coming up, and a treasury market in focus. Asx lots of fed speaker
Growth stocks . Halleluia . Despite concerns what the Federal Reserve may do, and thats something that weighs on the market every single day, the dow leaked out a 46point gain. S p advanced, as analysis dabbled climbed to an alltime high. The reasons . I think its the endless merger activity. These two groups keep the market from rolling over. Even when you expect after a weak employment number friday . A ton of pes millennium . Or negative numbers this morning . Youve got to admit the negative case does have some merit. But lets consider todays action. Lets start with the blockbuster, that the giant company could snap up monsanto. Listen to me, the idea that you can own a stock like monsanto when it could be on the verge of getting a 127. 50 bid, i find it doing all that well. Prices for all sorts of Agricultural Commodities are being crushed, but these companies could be go ahead ahead with the merger anyway. To me its about the ability to bet against stocks. Remember unlike most ret