Red despite betterthanexpected durable good. A lot of concerns on the International Front with ukraine weighing on the market. Getting over to julie hyman with a look at the big stocks as we watch things heading into the close. A big potential deal in the satellitetv business. Ergen has had talks with his rivals over direct to be about potentially some kind of deal. Share look at the reaction, both stock surging. Up 6. 4 . Facebook heading in the other direction after buying a virtual and agreeing to for 2 billion. Investors not to thrilled about the news and seeing facebook shares selloff today. Finally, looking at qwest diagnostics and lab corp. Both of those groups rising. Bill that is positive that removes an overhang about concern about clinical reimbursement rates at labs that these companies own. Shares are rising over that. Thank you so much. Time for the big story. Taking tech timebomb. First facebook announcing a 2 billion bets on Virtual Reality company oculus. A company tha
First, editoratlarge cory johnson with a look at your bloomberg headlines. The founder of mogg suing beats. Apple is in advanced talks to buy beats for a reported 3. 2 billion that could be announced next week. Apple supplier foxconn says halting production of the vietnam fact rant on monday for safety precautions after a wave of protest swept the country. Rights broke out at various factories over an oil rig. Samsung is rebranding it as terminal Samsung Galaxy s5. They will deck up the terminal from end and with Digital Screens showing the new phone. The promotion starts on monday. Back to the lead story of the day. A rocking time in the Public Market but valuation of many hot startups are soaring and show no signs of cooling off. Uber in talks to raise a more funding nearly tripling its valuation from just last year according to people with knowledge of the situation. In the meantime, pinterest has just raised another 200 million giving it a valuation of 500 billion up in just the la
Has been a bit of a nailbiter. Shares off 5. 4 . Busy, that is what eads has been. Airbus is the name we all recognize from january. A big focus will be on the commercial aviation. We get to speak to the big man today. That is at 10 00 london time. Holdings. Eye on arm we know that it designs chips. It could be dependent on more from google. Google gets most of its chips from intel, known as the for ari of chipmakers. They could be less dependent on intel Going Forward if it starts to make its own processes. That any news breaking could be boding well for arm in the future. Term, this is great news. Thank you. A lot of corporate news. ,e have the u. S. Budget deal something less to worry about for the markets. What else are we watching . We are going to talk a little bit about housing in the u. K. Things are getting better, as if we did not know. Taper looks as if it might take a backseat today. Probability that the taper will hit the markets in december. When you look at these equity
One might say that we are little bit tired, but we are not, right . The markets kept us up all weekend. After two days of violent selloffs, emerging markets seem to have found a bottom for now. The u. S. Is showing signs of strength. I want to take you to our chief market correspondent, car scarlet fu. Abroad. Start brazil has recovered from two days of losses and some of that money is coming back to the emerging markets, recovering from a fivemonth low. The safest investment we are seeing in the United States, plenty of damage from overnight, carnage coming from the index in indonesia, losing the most since last august. Looking at the ukraine stock been reallys difficult to pinpoint a single catalyst for the selloff. Broad forces are at work, whether it is concerned tapering to start to pull back on overall equity assets, or if it is the chinese economic weakness, signs of contraction in manufacturing. Then you have country specific issues, whether it is political instability in thail
Isnt that outrageous . I thought this was only supposed to be an up year for heavens sake. Look out. Weve got a new type of investor in town. The selfish ungrateful shortterm play whole feels entitled to the point of absurdity. How do i know this . Pretty simple. I go on twitter at jim cramer and read about people attacking me for recommending a stock that is dropping a point and a half. A 2 decline to these new byes is a plummet. 3 drop is disastrous. A 4 decline, who knows. They might not even live to tweet about it. Now, at the risk of calling myself a pro, something im entitled to do, i think, because ive managed money profession professionally for more than three decades, let me tell you how you need to view these kinds of, yes, painful declines. First, im going to make you a fly on the wall for conversation both online and then at the office with the coPortfolio Manager of my travel trust cnbc contributor stephanie link on this later this afternoon, these conversations occurred t