Today in some of the comments out of retailers like burlington, anf, dollar tree, and Dollar General yes, if you look at the Dollar General, the numbers are just extraordinary i actually have never seen a Comp Store Sales number this good 21 versus 7 estimate. Dollar tree is going to be the one, david knows this well, people look like, you know what, now the dollar tree Family Dollar merger which had been so on the rocks, the judgment is its working and that stock could power much higher. Dollar tree. The opening trade is sapping the money out of tech. I dont know how much longer it can last thats such a great book in gary because he knows so much about what people are spending theyre essential because they have food, and i look at this market and i think how long with the dow up 4 can we actually say, hey, the reopening trade is just starting . Its already maybe too far too fast its very hard to figure, particularly because faang is being distorted by the president s tweets, facebook
Association summer meeting. Thank you all for coming. Certainly hope you enjoyed your time here in salt lake. Governor herbert, again issue express my profound appropriation to bought and you first lady for the warmth of your hosting, for the choir, for donnie and marie, tonight, every step of the way, please give the good governor the first lady a round of applause. [applause] were honored to have everybody here and thank you. Welcome to utah, this has been a great event so far. I appreciate the little gift i just got from my good friend, governor of montana. Its a monocle. It allowed me to see the fine print when i sign legislation. [laughter] for the last year ive had the dink honor and privilege of sending on behalf of americas 55 governors of our states and territories. Couldnt be more pleased witch the work we have done together. Governors all across the country on the frontlines and their states each and every day, theyre serving constituents, coming up up with Real Solutions, u
First lady for the choir, for donnie and marie, tonight, every step of the way, please give the good governor and the first lady a round of applause. [applause] gov. Herbert were honored to have everybody here and thank you. Welcome to utah, this has been a great event so far. I appreciate the little gift i just got from my good friend, governor of montana. Its a monocle. It allows me to see the fine print when i sign legislation. [laughter] for the last year, ive had the distinct honor and privilege of representing americas 55 governors of our states and territories. Couldnt be more pleased witch the work we have done together. Governors all across the country are on the frontlines and their states each and every day. Theyre serving constituents, coming up with Real Solutions. Unfortunately for us, fortunately for us, we have support from the National Governor association along that way as well. Nga staff has been especially helpful to me throughout my tenure as governor of montana. I
Tausche and from our nations capital, ceo walter isaacson. Good morning to you. Good morning. Thanks for having me back. Our top story is the shrinking media landscape. At ts bid to buy time warner getting push back from the street. Likely to face headwinds in washington. 148 billion in telecom deals have been withdrawn since 2015. A lot of that, of course, is due to regulatory scrutiny. Walter, we spent the last 24 hours talking about the economics and sense of the deal versus the tenor of our times, as kramer put it. Whats going to win . Absolutely. Youve got real headwinds in washington. Whether its Bernie Sanders or donald trump, this notion of more consolidation, more vertically integrated control will really hit some resistance. I just dont think people see the need to have more c consolidation in an industry that needs more diversity. What is the legal rationale, though, denying this . Its hard to argue it takes away choice given that it isnt two content players combining. Its n
Launches a new broadband service. Shares in henkle. The ukraine crisis is hurting europe but russias economy remains strong. The surrounding countries are reacting and russia remains strong. Europe is strong now. But germany is having the strongest growth since 2012. 6 billion and counting. Alibaba firmly on course for record breaking sales as consumers snap up online bargains. Cnbc speaks to founder jack ma later today. Display youre watching worldwide exchange, bringing you Business News from around the globe. Nouriel roubini says he doesnt think the fed will hike Interest Rates anytime soon. Factors in whether the u. S. Inflation and the rest of the world could lead officials to start hiking more slowly. It could be sometime in the middle of the year. Could be june, could be july. Even if inflation Employment Data the right level to start hiking, the fed would like to wait a little bit longer just to make sure that if they start hiking with the liftoff, theyre not going to abort it