Breaking news out of washington. New deficit numbers coming up in the congressional budget office. Analysts say the gap will be higher than they thought a few months ago but it is still going to be the smallest deficit since 2008. Peter cook is in washington with more. Put it into perspective for us. The deficit for this year according to the congressional budget office, 506 billion, up from the 492 billion estimate back in april thanks largely to weaker than expected Economic Growth which has hurt tax receipts. It is projected, the deficit, to drop lower in 2015, below the 500 million mark. The projection for this year compared to lesters deficit of 680 billion. It is dropping. Substantially. The projection for 2015, dropping to 469 billion. That would be the sixth Straight Year of falling deficit. The lowest number since 2008. The cbo warning the number is going to start to rise again starting in 2016 and eventually the 1 trillion thanks to Rising Health care costs, aging population,
He has been the crown prince and it has some very strongly. I do not see any challenge to it. King solomon has indicated he will maintain the policies of his predecessors. Expedia is buying travelocity for 280 million in cash. This is after a 2013 marketing agreement. Expedia owns hotwire and hotels. Com. Go pro has teamed up with the National Hockey league. Its first partnership, the players will wear the cameras during the allstar game skills competition. They will also wear them during that game on sunday. Go pro has been trying to position itself as a media company, but it will not own the video from the game. A dispute involving the rocket program. Elon musk and the air force will Work Together to complete a certification process, allowing space x to compete for future launches. Space x accuses the air force of the legally shutting out a market that could be worth as much as 70 billion through 2030. Box ceo aaron levy brings the opening bell after the cut Source Company goes publi
And it has some very strongly. I do not see any challenge to it king solomon has indicated he will maintain the policies of his predecessors. Expedia is buying travelocity for 280 million in cash. This is after a 2013 marketing agreement. Expedia owns hotwire and hotels. Com. Go pro has teamed up with the National Hockey league. Its first partnership, the players will wear the cameras during the allstar game skills competition. They will also wear them during that game on sunday. Go pro has been trying to position itself as a media company, but it will not own the video from the game. A dispute involving the rocket program. Less in the air force will Work Together to complete a certification process, allowing space x to compete for future launches. Space x accuses the air force of the legally shutting out a market that could be worth as much as 70 billion through 2030. Box ceo aaron levy brings the opening bell after the cut Source Company goes public 10 months after initially filing f
Good morning everyone, im not scott mcgrew, it would appear theres still an appetite for investment by the public, lots of confetti. Venture Capitol Investment sent a number of companies into the billion dollar range, so thecalled unicorn companies, and venture capitalist jason green says it seems crazy, but i think 10 billion is the new one billion, in order to really, truly be considered a unicorn company. The new outside standard is many billions, not just one. Or to paraphrase justin timberlake, which is cooler than a billion dollars, 10 billion. Jason green partner at emergence partners and early investor in the success factors, and box joined by John Schwartz of usa today and kristina far of reuters. Give us some perspective here, what, what makes a company ten times as valuable as 1 billion company or put another way, give me an example of a 10 billion start up. Its been an extraordinary year, this year, five companies have raised capitol at 10 billion what are they . Drop box,
Theyre set to earn 1. 53 a share. The numbers cover the critically important Holiday Shopping season. So well see those numbers as well. A programming note because you dont want to miss it we have an exclusive interview with walmart ceo at 11 00 eastern time this morning. Then on the economic front, employment is front and center. At 8 30 eastern time well get weekly jobless claims and later in the month we have to watch for fed numbers and other leading economic indicators. Couple after stocks to watch this morning, regenerons eye drug was the top one from rivals in diabetes related vision loss but results show that the effects are strongest in the more severely affected patients. Well talk to him at 7 30 eastern. Been a big winner over the years as we said earlier, up 3,000 over six years. And marriott also issuing guidance above current forecasts. Thats a combination of profits topic estimates but the rental Company Revenue fell short and sunedison sales failed to meet forecast. Sol