Prices were plumped up by deal talk. We told you about 21st century fox withdrawaling the bid to acquire timewarner. Timewarner stock fell nearly 13 today. More on that in a moment. Today, we learned that sprint has hung up on its pursuit of rival wireless carrier tmobile, the big reason, unlikely Regulatory Approval to merge the nations number three and number four telecoms. Shares of sprint got slammed, down 19 , shares of tmobile fell, too, but a smaller more manageable 8 . What is next for sprint and for tmobile . Morgan brennan takes a look. Reporter the mobile wars continue, taking an unexpected turn that could leave sprint at a disadvantage. Sources confirm that the wireless carrier has abandoned the much anticipated bid for smaller rival tmobile. The industry is expecting the two to announce a merger in a deal that would value tmobile at 32 billion. This is difficult news for sprint. Sprint has all but abandoned almost any plan b other than merging with tmobile. So now they hav
But not for two stocks whose prices were plumped up by deal talk. We told you about 21st century fox withdrawaling the bid to acquire timewarner. Timewarner stock fell nearly 13 today. More on that in a moment. Today, we learned that sprint has hung up on its pursuit of rival wireless carrier tmobile, the big reason, unlikely Regulatory Approval to merge the nations number three and number four telecoms. Shares of sprint got slammed, down 19 , shares of tmobile fell, too, but a smaller more manageable 8 . What is next for sprint and for tmobile . Morgan brennan takes a look. Reporter the mobile wars continue, taking an unexpected turn that could leave sprint at a disadvantage. Sources confirm that the wireless carrier has abandoned the much anticipated bid for smaller rival tmobile. The industry is expecting the two to announce a merger in a deal that would value tmobile at 32 billion. This is difficult news for sprint. Sprint has all but abandoned almost any plan b other than merging
And in addition he will ask the Police Commission to look at six others involved in the scandal. We cannot have this in San Francisco. And we have to do everything to the best of our ability to root it out. And address it. Reporter the Text Messages came to light only after federal prosecutors released them last month as part of a bail hearing for former officer ian who was convicted of corruption last december. San francisco reverend brown attended todays press conference and he said later the texts reflect unfavorably upon the San Francisco police department. In terms of attitude racism and unjust practices. San francisco is reporter the president of San Franciscos police union was somewhat more moderate in his evaluation. A very small percentage of our department, an extremely small percentage that have accusations of misconduct against them does not reflect on the entire sfpd. Trust in our police form that it is not lost on me and taken a major hit and well do everything we can to
We continue to move to the down side. We should add as we enter this hour, were off about 41 points. The nasdaq, though, bucking that trend. We should show you the tenyear yield as well. Thats been up ten basis points today. That gdp number had a big impact on that. Its up nine basis points to 2. 55 , and the 30years 3. 2 right now, so moving quite higher. But im stealing oh, now its at 3. 30 , as a matter of fact, 3. 31, do i hear 3. 32 . Im stealing Rick Santellis. Troubling reports out of russia and ecrane, things that may be escalating. Stocks may have lost early gains on those worries. Well talk about all that coming up. Also, forget tax inversions. Now outversions are the new Corporate Tax trick. Oh, thats right, yeah. Youve got to look up on cnbc. Com. You wrote about that on cnbc. Com in a story thats getting a lot of interest right now. It involves companies spinning off their Real Estate Holdings into Real Estate Investment trusts, all, of course, blessed by the irs. Some sto