It is a monday here in new york city. I am Erik Schatzker. I am Stephanie Ruhle. You are indeed. Butver the weekend, not one two producers celebrated their birthdays and neither one invited eric or i to celebrate. What does that say about the Market Makers team . We are going to begin the show with the top stories from around the world. In hong kong you have probably seen the footage already, thousands of protesters jammed the streets and battle with police. Police used tear gas and pepper spray on these protesters, who are angry about chinas plan to control the 2016 leadership election and what they say is a broken promise when hong kong was returned to the chinese. Ears ago another shakeup at american apparel, the struggling clothing chain. An interim ceo has been named. He has had other in terms jobs for retailers. American apparel is looking for a permanent ceo to replace their ousted ceo. To a persong familiar with the matter Investment Bankers are barred from trading individual s
Good morning everybody. Here are watching market on Bloomberg Television. We are not going to waste time. We have a big gap this morning. We will take you to the top level business stories of the morning. Shares of walmart are rising. For the first time in almost two years store sales rose in the United States. It was not by much, just 1. 5 . That the ceo Doug Macmillan is making big promise in his turnaround plan. It is a match made in marketing heaven. Shrek and the transformers. The toymaker is in talks to buy dreamworks animation. Socks stream work stream work dreamworks stocks soaring. It is Warren Buffetts power play again. Buyingre hathaway is proctor and gambles duracell battery business. 4. 7shire will turnover billion dollars in shares. That is high energy. The house votes on the controversy over he stone pipeline. An impact on nets months Senate Runoff election in louisiana. Billlandrieu how end cassidy want keystone approved. Her rover want to show independence through Demo
Stephanie ruhle. Weve got the nobel Prize Winners plus your exclusive with James Patterson. Right now, we will begin with a bulletin a new ceo for the recovering retailer jcpenney is going to be Marvin Ellison who is currently the executive Vice President of stores at home depot. He will join jcpenney then formally become the ceo in august to replace mike ullman who is now in his second tour as jcpenney seo and has been trying to revive jcpenney. Bill ackman has gone public in shares of Pershing Square holdings are trading down this morning as 11 in amsterdam. It raised 2. 7 billion in its ipo. Hans nichols about what he will do with the money raised. The cash we have raised we intend to use for a new commitment. We will announce that in the next 4560 days in the capital goal will go for that new investment. A usbased company . Yes. . Can you giveme a hint on the sector no. A potential merger in the Railroad Industry has been derailed for the moment. Csx has rejected a takeover offer f
The increased sensitivity and credit markets could make the exit process more volatile, potentially undermining the ability of Financial Systems to support recovery. Janet yellen has raised similar concerns. Regulators need to take steps to curb financial excesses. Right now. They were trading slightly higher. Theyre dipping up and down on either side. Plummeted. Elds the s p 500 virtually unchanged. So is the doubt. Ow. So is the td so is the dow. If you days of triple digit declines and more of those in the future. This is what the market is like. The true normal market has volatility that makes people scared. People keep valuations reasonable if theyre worried and thats where we are right now. And another named to the wrath of companies who want to split themselves up. Talks tois an advanced two companies p one selling security programs and the other focused on data storage. Both ebay and hewlettpackard have announced breakup plans of their own. Bill ackman plans to raise their take
I am Erik Schatzker. And i am stephanie ruhle. Did you watch . I did. And . What a terrible way to end a game first of all. An amazing way to end a game. Nobody should win or lose like that. The point is they won the game. A terrible call. In any case, i was also bummed out by some of the advertisements. I was bummed out but i enjoyed like a girl so much, who gives a hoot about nationwide. Real news, breaking, on the state of manufacturing in this company. Scarlet fu is in the newsroom ifm headlines. Manufacturing in the u. S. Grew at the slowest pace in a year. The Manufacturing Index posted a bigger than expected drop. 53. 5. The consensus was for to climb slightly, 54. 5 from a read of 55. 1. I was revised lower than what it had earlier been reported. Construction spending also smaller than expected increase as well. A gain of 4 10 of 1 when economists were looking for increases of. 7 . Added all up in terms of markets, u. S. Stocks are at the loews for their session. They opened hi