Activision. Aig out with results after the bell. Earnings and revenue were a miss. This as carl icahn has taken that large stake calling for a breakup. Ceo Peter Hancock will join us at post nine in about a half hour from now to talk about the results and the activist. And a strange turn in the fight over the Keystone Pipeline. Transcanada, the Company Behind the project, now looking for a delay asking the government to suspend its application. First up, activision blizzard, the home of games like call of duty and world of war craft buying king digital, 5. 9 billion. A 16 premium to kings Closing Price on monday. Earlier on squawk, the ceo said its more about broadening the companys reach into mobile gaming. Mobile is important, but also attracting women to gaming is an important part of our strategy. With king, 60 of the audience is now female, which is a really great expansion opportunity for us. And theyre in 196 countries around the world which is something thats exciting. Combined
The yield is up after the fed minutes suggest the hawks are a little bit restless and as for europe we continue to watch the death toll in ukraine. The eu does hold an emergency meeting today. It is facebooks largest ever acquisition by far, the social network whying messaging Service Whatsapp and Mark Zuckerberg said the deal came together in ten days and some of the details are beginning to fill in. Closing the deal over chocolatecovered strawberries but a lot of metrics being thrown around, david, 42 a user and questions of how quickly this company can grow. Yeah. Of course, the thought being at 450 million users perhaps they can get to a billion. It is considered a communications platform. It is not about advertising. It is about communications. It is a very Popular Platform in europe. The user interface is said to be very slick. Given that most of the 55 employees that work at this company are engineers. But, carl, you know, there are many people who might want to ven tture its 19
How it could affect the entire American Auto industry. And the terrible violence in ukraine just keeps getting worse. Just 18 months ago, they hosted an International Soccer tournament and now are on the brink of, if not in, a civil war. Markets are starting to react to this. Russian stocks down big today. Sue is out. Kate kelly is at the new york stock exchange. We will check in with her in just a minute. We start, though, with frozenomics. Take a look at this chart of gas, up another percent today, a percent in the last month. One big reason of course is because new weather models, this big move today, 40 in one month, new weather models came in overnight. Wsi senior meteorologist dan leonard telling us today to expect cold now throughout much of the nation into quote, the first week of march and beyond. Originally, leonards model said the cold would back off by the second week of march, but now that part of the forecast has changed. Jeff grossman trades nat gas for brg brokerage. Wh
Mobiles messaging firm whatsapp. Its facebooks biggest deal to date as shares stay lower in frankfurt. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Youre looking at a live shot that were bringing to you from kiev, the capital of ukraine. We have breaking news for you, dow jones reporting that the eu Foreign Ministers have canceled their meeting with the ukraine leader. That is according to one official. They had set up that meeting yesterday after we saw those very violent clashes, the death toll according to the Health Ministry now above 28. All right. Lets take a look at european markets. Were a little more than an hour into the trading day and we are seeing a lot of red across the board. The stoxx europe 600 steady, down by 0. 8 . It is a triple whammy for the markets. We had the fed memberships in support of more tapering. Some members talking about an earlier than expected tightening. Then we have the china flash pmi numbers at a s
Stocks fell yesterday after the release of the fed minutes. The dow dropping about 90 points. You can see right there, 16,040 is the final trade. The s p 500 traded within a point of a new alltime high before falling 12 points by the end of the day. The futures this morning, at least at this point, is weaker. Just barely, though. The dow futures down by 8. 5 points. Dow futures off by 11. 5 points. The Consumer Price index and the weekly jobless claims report, those will both hit the wires at 8 30 a. M. Eastern tim. Cpi is expected to rise by 0. 2 . First time claims are expected to come in at 335,000. And joe ill send it over to you. All right, beck. Tesla shares. Where is your mike . Oh, im sorry. What . Never mind. I heard you. You threw me all off, beck. Can i start over again . Yeah. Take two. Tesla shares are Opening Statement rise action. Tesla shares are on the rise. Reported Fourth Quarter profit 33 cents a share. Tesla shoulder nearly 6900 model s vehicles during the quarter,