We will have more on that in a moment. But we begin with that onagain, off again merger of mrint andile which now appears to be very much on. After years of intense gulatory scrutiny, the Justice Department today approved 26 billion deal which brings together the nations third and fourth largest wireless providers. That news sent shares of both companiesighertoday, even thoughpp the aroval comes with conditions. Ylan mui rorts for us from washington. Reporter the department of justice giving the green light to the 26 between tmobile and sprint, but forcing the companies to sell some assets as part of the deal. Will the agreekment, sprint have to sell the prepaid business to dish and spectrum to dish. E company will have to make 20,000 sale sites and hundreds of Stores Available to hish. Dish woue access to tmobiles network for sevenar assistant attorney general megan gallahine said without the rger it would harg competition. It sets up dish as a dis iptive forc wireless. This agreement
St. Thomas. The next stop is the u. S. Territory of puerto rico. They are all under state of emergency ahead of its arrival in the coming hours and days. Congressman carlos mandela represents the 26th district. Mass evacuations are underway right now. He is about to have right into the eye of the storm but before he does he was with a slide. He just struck a deal on extending the debt ceiling with democrats imagine that. Working with democrats and it appears to have worked. Can he do the same attacks are formed. In just one hour he will give them major speech. The Political Panel on what the president may have to give up to go along with that plan. On wall street the markets erasing some of yesterdays 1 sell off Energy Leading the average by some neat points. But we do have gasoline prices calming down yet is another liquid that is a bubbling higher. Lets start the countdown. If ever there were a group of stocks leading the Dow Jones Industrial that grade hurricane effect. The home dep
Blowout earnings from amazon, alphabet, microsoft, and intel that we told you about last night. Amazon and alphabet closed at alltime highs and above the 1,000 a share mark. The two dow components, microsoft and intel, were both up more than 6 . Microsoft hit a new alltime high. And intel was the best performing stock today on the blue chip index. Today alone, amazon added more than 61 billion to its market cap. Alphabets market cap now tops 700 billion, about twice the size of exxonmobil. Microsofts market cap pushed past 650 dlal billion, just onek after hitting 600 billion. Intel shares hit a 17year high. That along with apple saying its seeing Strong Demand for its iphone x sent the nasdaq up more than 2 . And the fact that index easily outperforming the Dow Jones Industrial average, which added 33 points, and the s p, which gained 20 to hit a record. The nasdaq was the big winner for the week as well. The Global Benchmark for crude settled above 60 a barrel for the first in more t
Announcer this is nightly Business Report with Tyler Mathisen a driving ahead. Automotive newcomer tesla sees deliveries hit a record just as sales slow industrywide. Status update. Facebooks profits surge, fueled by growth in mobile ads. But investors dont appear to like the result. And all real estate is local. While some Housing Markets are redhot, others are nowhere close. Those stories and more tonight on nightly Business Report for wednesday, may 3rd. Good evening, everybody, and welcome. Its the newest automaker on the car scene. And at times, its the most valuable. Tonight, tesla said its quarterly revenue more than doubled. And it shipped a Record Number of cars in the first three months of the year. But its not your typical car company. Founder and Billionaire Elon Musk described his vehicles as a sophisticated computer on wheels. The electric car maker also burned through a lot of cash in the quarter. And its not profitable. Teslas loss of 1. 33 a share was wider than expect
322 points. Down one and half percent. Also the same story. Its down more than 2 . They were treating from tweeting from record highs. It can all get bogged down following the revelation of a memo. It has claimed that that memo shows President Trump asking comay to take it easy. We have it covered from every angle. And Richard Goodstein they will tell us what all this means for the trump administration. We are less than an hour to the closing bell. I am Ashley Webster in for liz claman. Lets start the countdown. After weeks of ignoring every sign of trouble. They are suddenly selling off amid evidence. A damaging allegation that could derail the white houses policy agenda. You can see the losses piling up. Down as much as 354 points. Still on track for the worst day since the election. Its down 327 as we say the s p down. Down two and a quarter percent. The fear gauge which have been hovering at the lowest levels in a century so much for that. Now 1420 about 300 today. Maybe some of th