Today . S p, of course, over 2,000 for the first time yesterday on an intraday basis, unable to close there, however, but thats how the picture looks, dow up, s p up slightly as is the nasdaq, implied open as such. Road map begins today with the deal made official. Burger king buying hortons, and what will the governments here and in canada have to say . Best buy earnings beat, sales short as the ceo sells or says what else, blame amazon. History on wall street, the s p 2,000 and another alltime record close, futures kd indicating another higher open. The big talker this morning, burger king buying the coffee chain tim hortons in a cash and stock deal valued at 11 billion. The combined company will be based in canada, a move to draw scrutiny from u. S. Lawmakers opposed to tax inversion. Buffet committed 3 billion in prefer equity financing, but will not participate in the operation of the combined company. This is the talker this morning, jim, after yesterday, speculation a deal was c
Gets 8. 3 billion buyout. Roach and intermun on the buyout . New alltime highs driven by the possibility of more stimulus in europe. Just a few points shy of s p 2000. First up, tax inversions in the spotlight, not talking about europe. Burger king in talks to buy canadian coffee and doughnut chain timms. Both Companies Say a combination would create the Third Largest Quick Service chain, a deal structured to shift burger kings base to canada, which has lower overall Corporate Tax than the United States but some thinking this morning is that taxes may not be the driving force on this one. Look, i think that theres always going to be anytime, its a hot button, especially walgreens not doing the alliance and president and treasure secretary saying weve got to stop these. This United States a deal that makes a lot of sense. Burger king challenged at breakfast, tim horton doing fath f fantastic. Burger kings last few numbers, doing okay, theyre not as bad as they used to but flattish comps
Public, and we have some blast from the past sounds when he was talking with you, mr. Cramer. Yeah. Futures on the rise, and upbeat data on housing added to the positive sentiment. New Home Construction up 15. 7 in july, a rebound after two straight monthly declines. Building permits up 8. 1 , and meantime, Consumer Prices up only. 1 last month. The nasdaq closed at 14year highs. Yes, sir. I do remember march of 2000 quite well, actually. Yes. It was my birthday of that year that we hit 5,000, whatever it was. Right. Of course not to be seen again, will be a generation, but were getting closer. We are. The makeup then was different because it was cisco powering things higher. People need to remember the companies that cease to exist, and thats totally understandable, a couple billion dollar company, but the reason why things got awry was that the s p was infected with tech, radically overvalued, and at the 2,000, wow, it was bad, but there was a dramatic switch in march meaning the mon
The police were led here by someone you wouldnt expect john clark from the American Drug company pfizer. This stuff is gonna get into peoples medicine cabinets . Unfortunately, yes. Counterfeit drugs are ending up in millions of american homes. At this postal facility, the shear volume of packages of suspicious drugs is staggering, and this is just from one day. [ticking] [crowd chanting] when most people think of brazil, they think of its passion and excellence in soccer. [crowd cheers] not of skyscrapers in sao paulo, the Financial Hub of a fledgling economic superpower. They think of the pulsating beat of the samba and carnival, not commodities or the Worlds Largest cattle industry. [cow moos] most powerful country in south america . Gdpwise, we are bigger than all the other countries together. This is it. Hello. Time for americans to wake up. Welcome to 60 minutes on cnbc. Im morley safer. In this edition, we take a look at the impact of Global Expansion on american Corporate Tax l
Its official, halliburton buying baker hughes for about 35 billion, and weve got more on activists and the fight for allergan. Forget wasting time at work. Menlo park reportedly developing facebook for your office . Moving in on google, microsoft and linked ins turf, down 3 in the free market. Numbers inside japans recession, gdp down 1. 6 following contraction of 7. 3 in the prior quarter. This week japanese Prime Minister abe expected to announce delaying plans to race the countrys sales tax and call for parliamentary elections in december. Estimate was 2. 2, to the upside. No one expected this to happen. Now a bunch of policy decisions to make. Do you suspend sales tax . This felt like 1937 in our country where they thought, you know, weve done enough to make it so were coming out of the great depression, lets start raising taxes, be more conservative. There are a lot of people saying that, you know what, this was just being prudent because the country itself is so in hock. I saw th