Underneath we saw a radical devaluation of all sorts of stocks we were forced to reconsider how much well pay for a certain amount of stocks now and certain amount of growth now and how much we will pay in the future or do we sell . Most dramatic example. This morning an activist group Elliott Management took a 3. 2 billion stake in at t, gigantic, and sent a letter to the board of directors stock trading at just under 37 they think they can get it to 60 plus by the end of 2021 if the changes are made that will be huge. At t has been a real lager at t blames ill advised decisions by management, like overpaying for directv what would the failed acquisition of tmobile which ended up jump starting their competitor with a gigantic breakup. With some changes elliott argues at t can be worth a great deal more than its selling for they want the company to distract itself from side businesses cut the fat. Emphasize changes. Stop doing willynilly acquisitions at every turn put it altogether and
Taking a look at why russias economy is still humming. How Companies Want to de, coupled from china and how robots are becoming more and more human. Philadelphia los angeles, san francisco, chicago, just a few examples of the big cities across the us facing yet another wave of organized retail crime, another uptake of so called smashing grep and flash them obsessed incidents. A growing problem for national and local retailers. Beacon small with merchandise worth billions of dollars lost or at risk. Robert co president of the Illinois Retail merchant association. He is one of many sounding the low that were now seeing for the 1st time, then organize retail crime and retail staff to showing up in the reports that are issued by publicly traded corporations that never used to be the case. And that should be a wake up call to everyone. Just how serious this is. Philadelphia september 26th, 2023. In the early evening hours, a flash mob forensics and apple store. It takes just a minute or 2 l
Taking a look at why russias economy is still humming. How Companies Want to de, coupled from china and how robots are becoming more and more human. Philadelphia los angeles, san francisco, chicago, just a few examples of the big cities across the us facing yet another wave of organized retail crime, another uptake of so called smashing grap and flash. Im obsessed incidents. A growing problem for national and local retailers, big and small, with merchandise worth billions of dollars lost or at risk. Robert co president of the Illinois Retail merchant association. He is one of many sounding the law. Were now seeing for the 1st time organize retail crime and retail staff to showing up in the reports that are issued by publicly traded corporations that never used to be the case. And that should be a wake up call to everyone. Just how serious this is. Philadelphia september 26th, 2023. In the early evening hours a flash mob forensics and apple store, it takes just a minute or 2 laptops i i
Americans are open for business and we are competitive once again. Thats the president making his case for u. S. Economic growth at the World Economic forum. Good friday morning, welcome to squawk on the street. I am Carl Quintanilla and jim cramer and david faber well have more on trade, the dollar and International Cooperation and we still have earnings to get to starbucks and intel both moving in different directions. The ceo of starbucks is also coming up with us a the president just finished at the World Economic forum in davos. He emphasized the new trade stance in his administration the United States will never turn an eye on economic planning these and other behaviors are harming businesses and destroying the Global Markets and harming businesses and workers around the globe went onto call regulations still taxation and talked about how it has been around the world. Americas first is not america alone. Look, i think that he made a great sales pitch for america. I think thats no
Elisa harrington live. Reporter drizzling right now. When it first started that is when we got the heaviest rain. You can see the rain coming down right now. The roads are slick. A lot of drivers out there right now because of course it is time to get off work. So take it easy and go slow and leave room in front of you and the car in front of you. Today we saw big wind gusts but that has died down as well. It is cold though and the rain seems to be consistent at this point. Reporting live in san jose. Elisa harrington live abc7 news. Officers say Road Conditions combined with speed and bald tires caused this crash in in ii sausalito. You can use the upgraded abc7 news app. I tapped on the weather button to get to live doppler 7. Type in areas that you want. You can see a customized forecast as well for your neighborhood. The first day of San Franciscos newly appointed interim mayor was a busy day. Vic lee is live at city hall with that story. Reporter the lights are still on on the sec