To film the amazing movie gravity. The familyfendi, grown the 90 yearold fashion brand. We are going to kick off with what everyone is talking about today, a special day for the Wonderful World of microblogging. We want to help celebrate the birthday of twitter. The site first launched eight years ago today. I am sure you have seen it all over, the Company Turns eight today after going public in november last year, they now have a 28 billion market dollar market cap and over 200 40 million viewers. Not that. Hundreds of millions of viewers continue to flock to twitter every month to experience moments in their lives and moments in the world. If only somebody could come up with a meaningful way to wish twitter a happy birthday. Turkey has blocked access to twitter. President or no one said that they remove tweets related to a government corruption scandal. This comes before crucial elections in turkey. Hethe Prime Minister says will wipe out twitter and digging up by its roots. That is
Thank you very much. Er with live if chicago for one of the highlights of the investing year. The mutual fund manager of the year awards from morning star. Five managers all five stars, fiveyear returns, that put them in the top one, two or three percent of their peers. You will find out in this hour how they made so much money in 2012, what they think about 2013, and whether you, sue, want to invest with them in this new year. I cant wait, ty, thanks. We are also watching google right now. Ftc making an announcement they are looking into the company over alleged anticompetitive conduct. We are monitoring. When they begin that news conference, we will bring you headlines. To the markets where buzz down here is about the fact that mark set adding on to yesterdays spectacular gains. After a little profittaking, we are on the plus side to 13,420. Nasdaq is up two points, almost two and three quarters. Bob pisani joins me on the floor. I was talking to some of the guys this morning and the
Infusion for yahoo . Cory johnson joins me from san francisco. The ali baba ipo yahoo is selling 208 million shares, or 40 . That could mean more than 10 million for yahoo , more than double the amount of cash 10 billion for yahoo , more than double the amount of the cash they have on hand. What will the cash do for yahoo . The question is where will they put it to work, look for an acquisition, buy back shares . What has always been the question for yahoo is what businesses will they go after in the future and will they do with the requisitions or build their own . Cents Marissa Mayer took over in 2012, it has acquired 40 companies. Has the strategy paid off . There have not been big acquisitions. That is not necessarily a bad thing. Acquisitionsy almost never work. I do not think they should be faulted. Had a lot ofas technological acquisitions and minor content deals. Traffic,er deal added perhaps not high revenue traffic, but it at least gives the more inventory. Fundamentally, the
Hear . The Nuclear Summit is the reason everyone is gathered here. The russians did not come to it. And the g7 summit has been tacked onto the sidelines. President obama called that late last week. It is really the g7 summit where the focus of conversation will be, and president obama will be in listening mode. He will be testing, probing to see how far he can press his counterparts to put on additional sanctions on russia over ukraine. Earlier we heard from the president near the scene, and there is an emphasis on being united. The question is, can you remain united and ratchet up pressure that will dominate in the next 24 hours . Why wouldnt they remain united in this case . Is this an issue of europe getting the national gas the natural gas and other energy it needs and they are reluctant to be more aggressive with prudent . That is more aggressive with Vladimir Putin . That is the theory. Givee phrase goes, Vladimir Putin and offramp so he can deescalate himself. They will have a d
H hedge funds will be listening. We will hear from the former agent pfizer has hired to put a stop to it all. Good morning. Youre watching Market Makers. I am stephanie ruhle. A lot of market chatter that we need to dissect. First, lets get to the news. These the top business stories from around the world. The u. S. Cover he will drive the Global Economy this year. Had its forecast for worldwide growth. It reduced expectations for brazil and russia. Citigroup is settling up. They agreed to pay more than 1 billion to settle claims by investors in mortgage cap securities. Citigroup is still facing action from regulators. In germany there is a deal for art stolen by the not sees. It is held by an art dealer for decades. Had art in his apartment for decades. Billion. That is what two of the biggest Drug Companies in the world have been ordered to pay in damages for hiding the cancer risks associate with the diabetes drug. This is some serious business. Thought that was how much they made.