Minute right now what we really want to do is talk about the hp xerox. Did we move that up well talk about that now because hp board unanimously rejected that bid from xerox to take over that company its weird it was like a reverse pacman a much Smaller Company buying a much bigger one. 22 a share is not in the best interest of its shareholders and undervalue hp. Letter to xerox ceo they sited the potential impact of outsized debt levels at the combined companys stock. They left the door open with the possibility of acquiring xerox. Looks like it would be a good deal but well take over you it was strange either way combined company same debt . Potentially it was odd when i was reading through the letters. Xerox saying they lined up what they thought could be financing that citi group could eventually get for them that seem like a couple stretches. We havent got the highly confident letter from the drexel days from citi on that. In the meantime, new this morning, fedex ceo fred smith is
Get you back to flat the question is a recession ahead . Ray dalia was on cnbc this morning with some of his odds. Take a listen. Recessions are always inevitable the only question is when. Do you see one coming yeah, i think that in the next two years, lets say prior to the next election, theres probably a 40 chance of a recession. And i think that youre seeing this around the world. You know, big discussion in the last hour, guys, about what is going into some of these recession models, why some of high yield spreads are not confirming them, whether theyre based around the yield spread or more a lot of companies in tech are starting to catch a cold plant materials which i did cover last night as promised the numbers werent that bad they werent far off of what was expected but their memory business is in this memory slump and people seem to get a bit skittish about that we had cisco talking about how the uncertainty is contributing to their cautious guidance the scary music is startin
The committee will come to order. I want to thank the c ha the committee will come to order. I would like to thank chair glandular say it to come back from boats and thank you for making yourself available. We now will recognize the gentleman from new york for five minutes. Thank you mister chairman. Thank you so much for being here. I also share the Cybersecurity Infrastructure in the homeland committee. And congress places an Important Role in harmonization so there is no freedom of regulation. We had a hearing, including one from ppi, that their cybersecurity employee spent anywhere focusing on compliance matters instead of daytoday emission. Last month, the fcc decided to release for new proposals with regulatory language on resilience for the Capital Market industry. This comes nearly a year after the fcc proposed to the rules that would require issuers to publicly disclose it within four Business Days following the determination that let me be clear, given the existing workforce
Map. Hes a great tight end and i have him on my fantasy team, his jersey sales went up. Thanks for joining us. The lead with jake tapper starts right now. Trumps excuse today. You should never have believed me in the first place. The lead starts right now. The latest ruling against donald trump gets at the core of his entire identity. A judge finding him liable for fraud. Ruling his Real Estate Empire was built on a lie. Trump responds this morning on social media noting a clause saying that nothing in his Financial Statements should be accepted as fact. In other words, i told you i was lying, people. And new bank records in Hunter Bidens criminal case. Including wire transfers from china. As House Republicans move forward with an Impeachment Inquiry and try try to keck President Biden to his sons activities. Plus, Formerly Awol Travis King back in american custody. Just why did he run across the dmz into north korea and did the u. S. Cut some sort of deal with the communist nation to
Evacuated were told were completely burned down. I want to point you to whats here. Theres some fire engines still here. Firefighters in overhaul mode knocking down parts of the building making sure theres no hot spots. This fire spread quickly. Were told all 32 units in two buildings that were evacuated, those apartments are gone nothing to save. Contracan kosta firefighters say it was the shared attic space that caused flames to move so quickly from the first building to the second. Firefighters said evacuations went smoothly despite all the chaos, because most people were awake. They were able to selfevacuate, leave on their own. Many of them though now are facing the reality that everything they had was destroyed. I just woke up to fire. As soon as it happened i just saw a whole bunch of fire and it just spread. Then as soon as i knew i couldnt fight it. I knew i couldnt fight it. I just ran outside and started banging on doors and just screaming fire. Ive been trying really hard i