Week of losses, sell everything. Im out of there, baby. Much more on microsoft and great interview with former microsoft ceo steve balmer in just a bit. A propitious day for that. To the developing story, surrounding at t and time warner. It seems bigger is better once again. At t down a little bit, by about a dollar. Time warner moving up by 9 at 9076. David faber working the phones and is here with the latest. What are you hearing, david . Developing is the right word and things are developing very quickly. In fact, so quickly that you could see a deal announced as soon as, lets call it shortly. Will it be as soon as monday . Hard to say at this point. But the point is that after what appears to have been actually months of some conversations and certainly work on the part of some advisers, these two companies are close to inking a potential deal that would actually meantime warner would be owned by at t, a dramatic move for at t as it builds on what already was a large deal when it
Cfo laterar from the on around noon. Jon i will break all of that down. Mode at the fed. The central bank opened the door to change in its Economic Outlook. Is a march hike off the table . Deutsche bank reports a revenue loss. We will speak to the cfo later today. And the Largest Social Network post another quarter of revenue. Guy a busy morning around europe. He is caroline hyde. Hasline Deutsche Bank reported a fourthquarter loss at its Investment Bank as revenue at each of its businesses fell. They posted in that loss of 56 billion euros since 2013. Do not miss our interview with the Deutsche Bank cfo at noon u. K. Time. Says bondnley investors should favor longterm securities after the fed acknowledged there are risks for the Global Economy. Long data bonds stand to benefit most. Facebook shares soared in extended trade. Beathquarter Sales Estimates almost 1. 6 billion users every month. About 80 of revenue came from mobile devices and facebook continues to sell more targeted ads a
That was to be my point, sir, and i will make it right now. The notion that because there is concurrently under way an impeachment inquiry before the house of representatives, that somehow makes this a nonjusticiable political notion. It is not supported by sound constitutional law or by any of the decisions of this court, and indeed, i would submit that to the extent the court has discretion in the matter, and although this court has now been given discretionary certiary power, District Courts have no such option, it would not be a wise discretion for this court to stay. This is not a request between two jurisdictional committees over who has discretion over a bill. Its not even a dispute between a president and a cabinet officer over what proper executive policy ought to be. This is a criminal proceeding, a federal criminal case against six defendants. A subpoena has been issued to obtain evidence for use at the trial, which is scheduled to begin on september 9. The court cannot esca
Where of the 20th entry. Senator rubio there are timeless truths. The sun still raises in the east and america is still a power. Today we face multiple challenges. It is not just a conflict with a different powerful nationstate the soviet union which we faced , at the end of the cold war. We faced traditional nations like china with its own ambitions and russia putin , wants to be the president of a great country, so he tries to achieve it militarily. But that we also face rogue nations. North koreas basically governed by a criminal syndicate. Iran, a nation governed by a radical shia cleric, and nonstate actors with increasing capacity, both isis, al qaeda, etc. The challenges the need for American Leadership is still true. The challenges are different and require a different approach. Charlie should we be the worlds policeman . Marco that is not the title i would advocate. But i do think the world these problems require a Global Response. But a Global Response requires someone to con
Now well get to business at hand this morning. If youre just waking up lets get you up to speed on the markets and whats going on in the futures. Looks like a little bit of a mixed morning. The dow might open slightly higher. Nasdaq would open marginally off and the s p well call it across the board. Well see how things play out this morning. Joe. It used to be mostly new york social sociallights wasnt it . Five years ago it became very strange that it became sort of a moment. Its almost like the white house correspondence dinner. Its for not nerds. For real celebrities. For actual celebrities. Very few cross overs for the two i would think. Probably a hand full. Maybe a hand full. Other big stories were watching today a packed earnings count are among the names set to post results today before the bell. Disney archer daniels, discovery, kellogg and bloomg brands and disney moving its release up to 8 00 eastern. So executives can attend a Memorial Service for survey monkey ceo who died