You will, for the markets. Tenyear note yield, as we often do at this time, below 2. 6. I like to compare, france 1. 71. Italy 2. 749. Oil prices of course have become a key. Wti and brent, you can see it, down on wti. Brent is higher. By a nice 48 cents. Lets get to our road map this morning. Starts with m a. Shares of covidien up around 30 , irish drugmaker agreed to be acquired by what was or will no longer be u. S. Based medtronic. Price tag 43 billion. Markets under pressure and as you saw oil is remaining volatile as violence and tensions in iraq continue to escalate. Were going to go live on the ground and get the latest from the region. Target confirming it experienced problems with computerized checkout systems but breathe easy, the issues not security related. Lets start off with m a. Weve got plenty of. The biggest of the deals is involve two medical devicemakers, medtronic agreeing to acquire irelandbased covidien for 43 billion. Values covidien 93. 20 a share. There was no
Nine months, s p, nasdaq losing 2. 7 , but that was the underlying theme today. It has to be fleshed out so you can make sense of the timelessness of some brands ver the ephemeral nature. Last night i highlighted a ton of potential takeover targets. Specifically in the Food Industry. Hey, kraft may have had a miserable quarter, but its brands arent going away. Pinnacle foods actually got a bid from hillshire, because birds eye and duncan, heinz have stood the test of time. Hillshire brands got two different bids, because theyre still valuable brands in a slow growth world. I believe that campbells soup is ripe to be acquired by kellogg and General Mills. Great brand. Hey, you know what . Mills should snap of hain celestial, why . That has the best in the umbrella of natural foods. Why do we like brands so much . They have what we call brand equity, which means they can charge more than the other guy who doesnt. They have motors around them, thank ymoats around them, for years and years
Thursday. More on that in a while. One of the biggest banks in the country, citi sha rising in the premarket after beating analy analysts estimates on the top and bottom line. All of the next moves from the financial giant. Chinas Economic Growth slows, as expected but the Industrial Production numbers came short of expectations. Strong auto sales helping boost retail sales last month. As prices rise, what happens to consumer and the retail stocks. Leap wireless up 100 after at t inks a deal to buy the wireless provider. Banking giant reports Second Quarter earnings of 1. 25, that was ahead. Citi says results Capital Market revenue and demand from emerging markets. Trading up 18 . Equity trading up 68 . Not bad. No. Superb, actually. A lot of people getting against the quarter. Charles peabody. Quite a bit of brouhaha thought up to 5 billion to 7 billion of losses. The Foreign Exchange losses, off by 1. 3 billion. How do you stay short . The breakdown, north america, latin america, asi
As a bunch of you are submitting, at a panel discussion down in LA, an RIAA representative claimed not only was DRM not dead, but that it was making a comeback. However, the statements show a fundamental misunderstanding of what's happening in the marketplace. RIAA technology guy David Hughes made this statement: "I made a…
we have broken through that level. new intraday highs for the s&p 500. the dow jones industrial average doing something very similar. however, the dow has broken through its all-time intraday record. it has set new innards today. we have had data that has been somewhat tepid. higher jobless claims that we got in this martyred there are a couple of things. i wanted to take a look at a comparison chart. both are headed in the right direction, as you can see. both are winning this year. they are pulling back. back to you. melissa: thank you. adam: what may fall to its lowest level since may 2011. fox business contributor phil flynn is in the pits of the cme. what are traders saying about this? mainly because of seasonal reasons. what is even more amazing about this story, this is the most compliant opec has probably ever been. maybe they found a little bit of religion into the marketplace. maybe they will have to face each other at an opec meeting in may. opec is all on. most