The next big thing is you will have to stay tuned for that governor. Cisco reporting earnings about an hour from now. The tech bellwether rattling markets late last year with a weak financial outlook. Should investors brace for more bad news or with expectations this low, will cisco surprise us to the upside . Well get you the information first and well have a full analysis as those numbers hit as well. That will probably set the tone for tomorrow, but theres also something thats going to set the tone for tomorrow. A major Storm Brewing in the south, and not even talking about the weather. This one is all about a key vote to unionize a tennessee auto plant, something that has not happened in the south ever. The president of the united autoworkers will be joining us on the closing bell exclusively to talk about whats on the line in that story. Very important coming up here. And here is where we stand in markets as we head into the final hour of trade. The dow is giving up about 50 point
As for the tenyear note yield, a couple of days now after yellens testimony. Shes coming back soon, too, though, right . Tenyear note has moved up of late, 2. 743 . Lets take a look at europe. See how we performed there. As you can see, weakness there perhaps following probably some weakness here in the United States. And that is where we start with the deal that will create the Largest Cable Company by far in the u. S. Comcast the parent of Nbc Universal agreeing to acquiring Time Warner Cable for 45 billion in an allstock transaction. The deal values time warner at roughly 159 a share, before we open trading this morning. Of course. Comcast shares may be down ever so slightly. We will city. Of course, that would impact the value of the deal. The deal trumps Charter Communications recent offer which was 132. 50 a share in cash and stock and had been firmly rejected by Time Warner Cable. Charter earlier this week, of course, nominating 13 people to be on the board of directors as it be
Crossing the wires. It is official. Joseph a. Bank is acquiring eddie bower for more than 800 million in cash and stocks. Talks will be rooub roumored ea this morning. Joseph a. Bank does have the right to end that agreement if it receives an acquisition bid that et feels would create more shareholder value. Joesest a. Bank and menswearhouse have made bids in the last few months. Andrew, youve had some pretty strong thoughts about this move when it was first rumored that it might be happening. This is the talk to the hand because its nanny, nanny, nanny. Yeah. Craziness. We can talk about that more in just a moment. Weve got some frozennomics to talk about first. The unusually harsh winter will be trimming 0. 3 Percentage Points from gdp this quarter pulling q1s annualized growth rate down to 2. 2 . The weather has closed businesses. Its disrupted transportation supply chains and kept a lot of shoppers at home. Among the other drags on the economy, energy bills as consumers have to pay
We always do at this time. It looks like were setting up for a slightly lower opening. We shall see. Not much of an active day there, we were very focused on the enormous cable deal yesterday in terms of the Broader Markets. Tenyear note yield, weve been in the 27 range, yes, 2. 75 and europe was positive, euro zone gdp showing betterthanexpected growth in the Fourth Quarter led by france and germany that has helped those markets. Yesterday a bit of a turmoil, you get that and italy and the like, markets were a bit lower perhaps impacting us slightly. Lets get back to our roadmap right here and its what else, the weather. Thousands of flights are still being delayed and canceled this morning as the northeast is recovering from yet another very large snowstorm. Plus, joseph a. Bank is buying eddie bauer the deal worth 830 million this comes as the retailer is still fighting off a hostile takeover attempt from its rival mens warehouse. And 8 isnt great for microsoft. The Company Announci
This is going to be the best day of my life shaun white set to take his shot on the halfpipe this morning. Could the famous flying tomato set an olympic record today and win three straight golds . Were live from sochi as his gold medalwinning teammate says good morning, america. Keep it spoice. And good morning, america. Three major stories here this morning starting with a tough day in sochi. Lots of wipeouts on the slopes. The conditions are drawing all kinds of complaints. One canadian skier in the hospital after crashing on the slopestyle course, it is so treacherous right now. The High Temperatures making it slushy and a disappointing day, as well for speed skating both american favorites j. R. Celski and shani davis failing to medal. Now, davis beat this is known as just his treat for him, the 500. Really is not favored for that one. Hes got big races ahead on wednesday and saturday. Looking forward to that. Also this morning special tribute to Shirley Temple black coming up. But