We read the tea leaves on the data thats driving down the market this morning. Cbs and time warner are on the move both after reporting earnings. Were going to dig into those quarters. Well also talk to cbss chief executive. Tim cook calling the u. S. Government dysfunctional on mad money with jim. Well hear from the apple ceo and dig in on what last nights primary results may mean. Stocks are poised to open lower a day after falling to their lowest levels in three weeks amid concerns about slowing economic growth. Speaking of the economy, data from adp shows the private sector added 156,000 jobs in april, that is below consensus and marks the smallest increase in three years. 156, we were looking for 196. And everybody wants to know, jim, what this might mean for friday. Yeah. I think that were back into a mode which says this roving bull market that weve had in cyclicals maybe give that a break. Go back into the clorox market. Remember, it is just bull, bear, bull, bear, we rotated o
Leading credit card processor, whose company just rolled out the biggest ipo of the year as we look ahead on sunday morning futures. And we begin this morning with the spotlight on the benghazi scandal. Hillary clinton set to face off with the House Benghazi Committee this upcoming thursday. It follows the closeddoor testimony this past week of her longtime aide huma abedin. Abedin questioned for almost six hours by committee members. She was an assistant to the former secretary of state of the time on the terrorist attack on our diplomatic compound in libya that left four americans dead, including u. S. Ambassador Chris Stevens. Indiana congresswoman susan brooks is on the Benghazi Committee as well as the house ethics, energy and commerce committee. Thanks very much for joining us. Good morning, maria. Great to be here. Can you lay out what your are expecting to hear from Hillary Clinton . What do you expect to get from her . Well the secretary was in charge of the agency where we lo
Rise. Less concerned about as may have acquisition. Overpaying. A lot of the shareholders who own fox are shareholders in time warner. So while you want to high bid for time warner, you dont want fox to overpay if you own both of these stocks. People were expecting strong numbers out of time warner to so it could profits case. How is this for a good morning for you . Stocks down just before those earnings come out. And at the same time, rupert has a history of overpaying, right . When you look at the write down that he took on the wall street journal, but ultimately financially he paid a lot of money for it. So shareholders are going to go along with that. Theres a comment in the newspaper this morning which is the new and improved Rupert Murdoch that hes learned his lessons from prior battles. I doubt it. He had less power. He would love to do that. The shareholders couldnt call a meeting earlier, that this was going be something that would drag out over the course of the year. Into t
The. Who was Simon Schuster . Guest well they were max shuster and simon and they were two gentlemen who were friends with one another and we back in 1924 they decided to start a Publishing House on their own. They have been working in Publishing Houses but felt they could begin on themselves so they did. They set out one day and they rented a space and put up a sign that said Simon Schuster publishers. Host would they recognize what you do today . Guest know i think they totally would. Some of what is really interesting when you read through the history is to realize how many things go in circles and what is old becomes new again. They use as an example the reason they would recognize what we do today namely its because the job of the publisher has not changed at all which is defined great work. Depending on what kind of work it is and then to find an audience that commits that audience to buy it. We have always been the conduit between the artist in the consumer and that has not chan
Things. Any book where there is a high advance i am involved in the acquisition and i look over what everyone is doing and offer suggestions but i am there really to make sure that the things the Company Provides the publishers help them do their job better and help them find those audiences and communicate to them. Guest i manage the editors, the publicity, the marketing, foreign rights and oversee the birthing of the books into the world. Host so you have some editorial duties and business side duties, correct . Guest absolutely. The idea is to publish the authors as successfully as possible. Host you publish about a hundred books a year . Guest we are the Flagship Division and publishing 130 this year. It is a range of authors. We have literary novelist and Major Writers like thomas, Hilary Clinton, james web, john mccain. We have got notable personalities and a lot of terrific general nonfiction with biographties from everybody from sally ride to john wane to literary memoirs. Host