Agreement later on, but nobody really knew, so this really caught able by surprise. This really caught people i surprise. Energy stocks the really big mover on the day. This is the russell 3000 energy, closing out right at the highs of the day there, over 4. 5 gain. Rallying. Ng, energy truly the story of today. Scarlet we have mentioned the rally off the back of oil. 500 closing up about. 5 . Lets look at some individual things. Lets take a look at saudi arabia and stocks. We saw those were down quite significantly yesterday. They were down 3. 4 yesterday. It will be interesting to see it tomorrow, as that part of the world wakes up, if there is an improvement. Mattresse a look at maker, temper seeley tempur sealy. That was down. Finally, you guys all remember blackberry, right . Joe no. Scarlet it was up after it announced it would no longer make its infamous blackberry phone. Thats the end of an era. Remember when we were talking about them and calling them crackberry . I used to fi
Up by over half a percentage point. Lets tell you about the top three stories that were focused on this morning. They all about regulation. The top one, pfizer and allergan will be mutually terminating that 160 billion transaction following the new inversion rule changes. Sources tell cnbc that pfizer will pay allergan a 400 million breakup fee as per that tieup agreement. Both companies believe the treasury overstep the bounds of its Regulatory Authority. Sources say neither drug maker wanted to risk launching litigation against the government. President obama weighing in on the Treasury Departments new steps to stop corporate inversions. Ive been pushing for years to eliminate some of the injustices in our tax system, so im very pleased that the Treasury Department has taken new action to prevent more corporations from taking advantage of one of the most insidious tax loopholes out there and fleeing the country just to get out of paying their taxes. The president called on congress t
You lead the company through the 90s, it became one of the most Iconic Companies in American History, and you as a result, one of the most iconic entrepreneurs in American History and by any measure one of the great businesspeople of our generation. Guest maybe should stop there and call it a day. Host i think i saw somewhere on its peak half of americans who connected to the internet connected to america online. It became so popular they made a movie about it, youve got mails starring tom hanks before he was really tom hanks, by the way. Then you had a big merger with time warner, biggest merger in American History and then he went on to continue to be a very successful business person and investor he started the revolution Investment Fund which is invested in the hundred Startup Companies including zipcar sweet green, and others. So i write the book now i have to imagine that back in those days there people bidding down the door and when i first saw it i had a chance to see it before
Donald trump is at the 40000foot level. Hes very punchy, concepts, he doesnt necessarily offer a detailed substance behind it but he talks about this is my commitment and im going to do this, you can make this work im gonna win itll be great. People are are responding to that in the primaries. So its interesting to see how that will work out if donald trump is the nominee does he switch to a ground game like is describing going red or does he try to state that 40000foot level and see if he can bring in people through sheer messaging and celebrity status alone. Its an interesting test. And marcys new book, called going read. The 2,000,000 voters who will elect the next president and how conservatives can win. This is book deviancy spent to. Cspan, created by americas Cable Television companies and brought to you as a Public Public service by your cable or satellite provider. Afterwards is next with book tv, america on my cofounder steve k speculates on the future the internet and discus
Special treat for viewers to talk about your new book, the new wave we have known each other for years so it is privilege you being here. You are a successful serial entrepreneur and one of the few people in congress that understand that startup community. Host my first question is the timing of the book. You went to America Online when it was called something different. In the 80s it had a different plan and you reformulated the company. You were the founder and leader really. You lead the company through the 90s and it became one of the most Iconic Companies and you are one of the most iconic entrepreneurs in America History and one of the great Business People of our generation. Guest lets stop there and call it a day. Half of america connected through aol and then you had the merger with time warner, biggest merger in history, you started the revolution Investment Fund that invested in a hundred Startup Companies including zip car among others. Why write the book now . I have to im