Met this morning a 70 billion merger. Royal dutch shell buying bg group. Will this finally trigger energy . Tesla upgrades the model s with a starting price of 74,900. More features a larger battery has tesla shares moving higher in the premarket. It is earning season. Alcoa set to report tonight. Apple watch review season. Were going to preview both in just a minute. First up Royal Dutch Shell striking a me da deal to buy bg group. Shell says the combination would add 25 to its proven oil and gas reserves and make it the Worlds Largest producer of liquefied national gas. Heres what shells ceo told cnbc europe about the deal this morning. This is not a bat on the oil price. This deal works in a whole range of oil and gas prices. Of course we still believe in the longer run in a few years time we will see the longterm fundamentals we assert itself. We will see Higher Oil Prices than what we see at the moment. Of course, this deal will look not just very good it will look fantastic. Jim
A young lady at the Washington Post telling dads to maybe just hang on a second. In the meantime we begin with news on apple. The company experiencing a major server outage. Josh lipton has that story for us live from san jose. Josh, just how widespread is this . Mandy, if you are having trouble buying songs on the itunes store, then you are not alone. According to apples website, customers may be unable to make purchases from the app store, itunes store, i books store and mac app store. The problem the tech giant is experiencing major server outages. The cause at this time is not clear. What is clear is that apple is losing money. Remember, the itunes store generates a lot of cash for apple, and its last reported quarter apple says total reports of media and software from itunes clocked in at 2. 6 billion, and its not just United States. A customer in the u. K. Posted this picture of an oldfashioned credit card imprinter. We have reached out to apple, and were going to keep you posted
All those stories and much more on the kudlow report beginning right now. Good evening, everyone. Welcome to the kudlow report. Im larry kudlow. Were live here at 7 00 p. M. In the east. Crimea may be going to russia. But a new cold war hasnt broken out just yet. Stocks also loved a Strong Manufacturing report today. Cnbcs Courtney Reagan has all the Market Action for us. It was a good day. It was a good day. U. S. Investors focusing on the positive Economic Data today, shrugging off the ongoing tension in ukraine for now at least, focusing on betterthanexpected industrial output and homebuilder sentiment. Green arrows across the board for the major indices on this st. Patricks day. The dow snapping a fiveday losing streak, surging 181 points. Yahoo shares gaining 4 today following news that alibabas chosen to list its ipo in the u. S. Alibabas ipo could raise 15 million, making it the biggest since facebook. Lets start with intercept pharmaceuticals. One of its drugs showed a higher o
Anyone who still needs to do christmas shopping. A week from now you know Christmas Eve is a week from today. Just so you know. Eight days till christmas. Are the best deals yet to come and how late can you order online kelly, and still get it on time . We have your crucial retail details and stocks that are moving on all of this news this holiday season. Are you telling me youre done, that youre already finished . Im 90 done. Also coming up the whos who of the Tech Industry descending on the white house today. The president said he wanted to talk about how to improve healthcare. Gov but the tech titans wanted to talk about the nsa and demands on their company. Would loved to have been a fly on the wall. Hes a sitting judge, familiar to most on wall street he has presided over wall street financial cases for year but judge jed rakoff has written an essay asking why have no highlevel executives been prosecuted . Is that appropriate for a judge to write and will this ramp up pressure to
Where is it now . Nicole bank of america, jpmorgan. Look at citigroup, obviously we watch it throughout the financial crisis and a sword to the new annual highs. Anybody who wanted to take a risk and actually bought into that is probably cheering now. Liz American Eagle outfitters. We have been watching it all day, but just a few moments ago we were watching it get smacked down 10 on research that showed people arent rushing into the stars in the malls, but some like abercrombie not getting hit as hard. Nicole that is true. Teenagers are fickle. American eagle outfitters seems to be on the outs today. Getting a cautious outlook, not seeing the traffic that they had hoped. David looks like we have done it again. New alltime highs. Liz it is a little bit more muted. Another headline input as the Dow Jones Industrial closes at alltime highs, 14,295. The s p up one and three quarters. The nasdaq could not hold the games they were able to find, and the russell 2000 up about a quarter of a p