Twitter isnt the only stock to do that this year. Coming up, well name names and tell you what this could all mean for another huge ipo. Stay tuned for that. We were taking bets on where it will price. See how all that shakes out. It turns out that it is not true that the socalled wealthy pay the most income tax in america. Jane wells has learned that they pay all the income tax. 106 of income taxes. You heard that right. They pay more than 100 . How is that possible . Stay tuned for this stunning report. And lets check the markets right now. The final hour of the day, pretty much a down day across the board for the major averages. The dow jones is actually an outperformer helped by mastercard. Helped by home depot as well in there but down about 87 points at the moment. The nasdaq is still off. Clutching that 4,000 level. The s p 500 has shed 15 points and got below 1790 as we speak. Maryann bartels from merrill lynch, Adam Thurgood and done shriver from wbmi funds. What do we make of
Ugly week, lets look forward and talk about the game plan for next week. This business isnt about the past. Its about the future. Now, we start off next week worried. Worried about the rest of the world. The numbers out of europe and china are okay. I hope that can change monday. The pmi is coming over the weekend. Along with the why is it so important . Give the main Portfolio Managers looking for a resurgence of International Industrial that is are based in the u. S. The profit taking in this has been down right horrendous. Maybe strong numbers from europe and china over the weekend could allow for a nice oversold rally. One that may have started the last half hour of trading today ask kind of gave up the ghost in the last ten minutes. We hope it see more news on chatter that spring theyve been preparing a bid for t mobile, like them both. Something my friend david faber said could be in the works many times in the last few weeks. Now, this potential deal would help sprint get heft,
Im france in the quad. Lam francine the quad qua lets begin with our top court story. Lets begin with our top story. Peugeot will have profits and cash flow. Caroline hyde joins us now. Talk to us about the events related to peugeot over the last six ivan 12 months. This assiduity events occurring in latin america and russia. 1. 1 billion euros is where the hate is coming. The hate is coming. Hit is coming. The fact is that the peso is going to three percent and the russian ruble has weakened 12 . These nations are going to be significantly head. To weakness in the currency and the Overall Force of markets. That is where the challenges are stemming from. Is the savings theyre getting from General Motors and the relationship. It is 40 less. They told us it would be to win dollars in 2016. Now, that is downgraded to 1. 2 billion by 2018. Clearly that is a move that theyre making to try to ease into the problems and the cash burden that the half. It is not paying off in the way that peopl
And im abenomicm anna edws manus cranny has the details. Israel lost the Stanley Fischer may be heading to the fed. Elliott gotkine has more from tel aviv. To settle over sanctions violations and more people will be flying in the next four years. Caroline hyde has the latest numbers from the International Airline transport association. Plus, the russian race to become the next market for online video. Ryan chilcote has more on the content wars. Bringing you some big interviews today on bloomberg television. The ceo of Viacom International media net work joins the pulse. You dont want to miss that at 930 a. M. London time. Pleasantly but here from the International Air transport association chief executive, tony tyler, joining bloomberg at 10 30 a. M. Gone public in the ipo priced at 20 per share 2. 35 billion. What are investors getting . Real estate and a darn good franchise. Thats how you wrap it up. Arehis valuation, they beating starwood which is seen as a much more upscale brand b
Data, adp lower than expected, Mortgage Apps dropped but markets quiet ahead to jobs friday. A new sense of confidence, General Motors signaling ceo mary bare barra will be cleared of any wrong doing. No signs of slowing sales. The it brand for todays youth second only to nike, the other fund mentals eroding, lack luster sales, coach and under armour. Pandora is falling in the premarket, investigation into how artists are paid royalties as pandora faces shareholders at its annual meeting an hour from now. First up the countdown to fridays jobs numbers heating up. Adp said the private sector added only 179,000 jobs, below the forecast of 210,000. Aprils gains will revise lower a touch, down to 215. Second low nest a year. The lowest since january. Certainly not what you want to see ahead of a friday. I dont get it. You have the auto sales number thats incredible. Youve got some amazing oil and gas hires. Its starting to spread into other states that didnt get a lot of business before. W