Good morning. Stephanie ruhle is on assignment. You will see her in less than an hour. Lets start with both ends the top business and financial stories around them morning. Carl icahn posted a new open letter to tim cook, calling the apple ceo to buy back more Company Stock and at a faster rate. He owns more than 5 billion of that there of apple shares. He wrote that the market undervalues apple. Apple responded in a statement that it always appreciates hearing from shareholders and will review its Capital Program on an annual basis. Icon has had success putting pressure on cook before. It raised its dividend. We will talk with carl icahn later today and we will see him at three clock p. M. Eastern time. 11 in a single month. Down 13 for the year thus far. Almost 23 billion in assets. Companies involved in events such as spinoffs. Investors not happy with the shakeup at the gap. The gap ceo glenn murphy, the man credited with reviving their chain in the past years is retiring. Cap shar
Found. Youre watching Market Makers this friday morning. Im Erik Schatzker. Stephanie, good to see you again. Good to be back. I wasnt here all week but now know adam, former hockey superstar. Are you going to be skating with him outside the garden later . Probably not. Probably want to. Yes. Me, im we should say happy friday. Happy friday for sure. Lets begin with the top stories, the selloff in stocks hit markets overnight and half of the dow industrials fell almost 35 points posing the biggest drop since february. Here is where things stand right now. Youre well aware that concerns have been building about economic growth. Its slowing around the globe and the possibility of of course that the u. S. Recovery will fizzle. You can see here that the ask u to at if it drops below 16,596 the dow will erase its gains for the year. It looks as though the stocks in asia dropped and earnings are well off their morning lows. Turning its advisory business into a standalone boutique investment b
2008 candidate announced his decision today, ending speculation that he will attempt a third campaign. I will be asked and have been asked if there are any circumstances that could change my mind. That seems unlikely. The decision comes just three weeks after romney told a small group of donors in new york that he was considering another run. Alibaba financiers are considering another Public Offering next year. They have an estimated value of 50 billion. Details of the fundraising are not yet finalized. Police say the founder of death row records, should night, has been arrested in connection with a fatal hit and run. He was booked overnight and is being held on 2 million bail. The incident under investigation was in connection with the promotion of straight out of compton. Now to the lead. Apple has conquered the chinese smart phone market. What is next . Global domination . Why not . For the First Time Since 2011, according to a report, both companies ship 75 million smart phones glo
Howd be affecting the move . Remaining flat. Markets are phenomenally resilient. Greece is one of them. Russia is another. Ryan chilcote calls the talks at the moment small fry. Wait until they get to merkel. Could we get any kind of ceasefire in ukraine . At the moment remaining flat after 20 or 30 seconds into trading. Were looking at some of the stories when looking at the euro. Basically flat against the dollar as we will see. Business coming off of session lows. The euro looking flat. We are seeing a bit of a drop in the oil prices once again. U. S. Supplied actually, we are turning higher. Brent is up. 4 . New shakes in the oil market but it fell that little bit yesterday. The u. S. Supply imbalance with the demand. No real fear or terror happening in the bond market. We are seeing greek foreign, trading down a little bit. Still above 16 . We are seeing money coming of germany. Yields creeping slightly higher. The fiveyear look, we are still getting negative yield for fiveyear ge
Sky and bt pay more than 5 billion pounds for rights to pay the to play the football championship. Hello, welcome to countdown. I am mark barton. Just getting earnings for 2014. 1. 76 oh yen euros. Analysts were estimating 1. 7 4 billion. Narrowly ahead of 1. 7 6 billion euros. Narrowly ahead of estimates. Analysts estimating an increase of 3 . Organic consolidated Revenue Growth is what it is called. That excludes the effects of acquisitions, disposals come and currency swings as well. Operating profit excluding items 3. 1 3 billion. Analysts estimating three point 00 6 billion. Those metrics seem to be ahead of estimates. 3. 00 6 billion. Analysts estimating 3 as well. When it comes to heineken we will be asking the chief executive officer later about how it is doing. We had high levels of rain in europe. It is exposed to russia. Has the performance been better in russia . It will be fascinating to see whether they have improved. Sab miller showed some interest in heineken in septemb