The market stocks are set to open higher and the spm coming off the best week of the year and well tell you if we are in for another green week in wall street. And teslas ceo elon musk met with the head of m a at apple earlier last year and as apple sits on the massive tech pile is the tech giant thinking about buying tesla. And activist agreeing to buy forrest labs in a deal worth 25 billion but in the midst of that 25 billion deal why is everyone talking about carl icahn . Stocks are coming off their best week of the year and the indices gaining more than 2 and the dow and the s p posted gains in six oat uut of the last seve trading days. Its eightday win streak will get your attention. It shaved a lot of the correction off. 1838, not far from the alltime high of 1850. Yeah. Its back to sort of climbing the wall of worry. Remember all those concerns about emerging markets and china and things seemed to have calm a little bit in japan a 3 move in the nikkei after the bank of japans le
Hikes and Share Buybacks. Germany in Strong Demand by ireland, italy and greece. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello and welcome, everyone, to brand new edition of worldwide exchange. Ross westgate is feeling under the weather today. We hope he feels better soon. Julia is still in rome. The pboc, nearly 8 billion was taken out through bond purchasing agreements. Traders say the decision is a hawkish move, highlighting the pbocs desire to tighten Monetary Policy. Meantime, the boj is signaling its ready to help japans economy for the long haul. One day after disappointing data, the bank of japan held its policy view and kept lending steady. Using a driving metaphor, the boj governor kuroda said the moves were like putting new tires on a car to make for a stronger engine. Joining us now to discuss those moves is jeffrey anew, strategist at ubs. Thank you so much for joining us this morning. Its quite interesting to see that
Exchange. The nasdaq is up eight days in a row, the longest winning streak since july. To the russell 2,000 you see some weakness for the ddw jones, down 18 points, a big reason would be cocacola contributing nine dow points, and positive dow points. Home Builder Sentiment and new York State Manufacturing numbers, both of them were big misses and huge disappointments and the weather has something to do with this so we had those reports and i want to point out we had an awful month of january but there seems no panic in the market and coming off of the best week of the year, no excitement as well on the way back up. Connell we are moments away from president obama expected to announce tighter fuel efficiency standards, holding maryland, part of the pledge in the state of the union address. Dagen is a heavyduty vehicle. Connell now that you mention it, good point. Dagen the column that is there with more on this, this all trickles down to the consumer one way or another any time you incr
There are only two things people are doing this weekend been watching house of cards are making deals. We have a big one in pharma. Forest labs are agreeing to be bought by activists activ avis. Carl icahn is the number two hitter shareholder. We also got more and 2013. Persistent pays off for carl icahn. He has proposed a proxy fight the last three years and his company and to appease him, the company gave him a seat on the board and he got his guy as the ceo and as a result, you get the outcome that he wanted all along. Forest labs to be bought out. That is not the only deal. Maker of the popular game candy crush is going public. King filed to raise 500 million. There will likely be listed in the new york stock exchange. When we say popular, we are talking 93 Million People played candy crush everyday. Netted digital actually 560 million in revenue last year. And is a Profitable Company it makes a profit from people who buy the stuff to get ahead in the game. Just like farmville. Suc
Morning as the violence in kiev has left at least two dozen dead. The roadmap begins with netflix youd over verizon as the primetime download speeds allegedly slow. And lets make a deal, cigna jewellers agreeing to acquire zale for 21 a share while one wall street firm suggests walmart should pick up Family Dollar. First up netflix has a bone to pick with verizon this morning and its fios service, according to the wall street journal, the average prime time speeds fell 14 last month as netflix is rolling out a new season of house of cards theyve been in dispute with verizon and other broadband providers how much content theyll carry without paying additional fees. It is sort of a story, david, simon, of two companies but with broad ramifications as we see other deals coming down the pike. Without a doubt. We know this is only going one way which is up as Broadband Usage will only continue to increase as more and more people stream. There are statistics that say 30 of the streaming that