Its over now as ive been reporting. Dupont has one, the proxy fight with trion and four potential directors being nominated. We talk to ellen coalman on the interview later this morning s. April retail sales coming in flat. Macy Quarter Results miss. Danahers deal valued at almost 14 million and theyre also splitting into two. Big deals this morning. Well start with dupont. Something weve followed closely since it began. Trion has owned the stock for quiet some time. Dupont prevails. I was listening to others on squawk box who dont believe. How much efforts theyve put into this and were very articulate arguments that they would win at least one seat going in perhaps as many as two. I would argue its a win for dunopt here. Whether its a turning point for activism, we cannot say. Very interesting to note that the index funds voted were dupont and again trion. Have typically had a great deal of influence. They recommended where the index funds didnt listen to them. They decided to look at
A few moments. The view that some writers have that some hedge funds are maybe too big to fail will be part of the conversation. We will give you the criteria, and also both sides of the argument on whether Systemic Risk exist or not. Plus, the ceo from cybersecurity powerhouse fire i will be with me. Made a 1y recently billion purchase and we will tell you about the latest technology to thwart hackers. First up, president obama naming five u. S. Promised zones targeted for special federal aid. The motivation is despite income inequality. Julianna goldman joins me now. What is at the center of the president s plan . This is all part of the focus on income inequality that the focus the white house has the tapping leading up to state of these union on state of the union on february 28. The areas are san antonio, philadelphia, los angeles, southeast kentucky, and the choctaw nation of oklahoma. Theseesident announced socalled promised zones in his state of the union last year. Today, he i
3. 2 . Our road map begins with a 7,000 fine, every single day, thats what gm is paying because the Company Still has not provided enough answers about its ignition switch recall. Its not the only bad headline for gm this morning. More on that. Earnings season is officially under way after alcoa reported its results after the bell. What can the aluminum maker tell us about the rest of the quarter . We will have some answers. Instead of running from facebook, companies are willing to pay a lot more to advertise on the social network. But is that good news for the companys stock . First up, though, some tough news for the auto sector. Toyota recalling more than 6 million vehicles after uncovering five different faulting involving parts ranging from steering to seats and nhtsa fining gm 7,000 a day for missing last weeks deadline to provide information about its recall for defective ignition switches. Morgan stanley cutting gm to underweight today, 33 target, guys, and what is a tough not
Settlement with the department of justice, 4 billion of which will be a fee to the government. Results,of the earning adjusted earnings per share 1. 24 beating the average estimate of one dollar five cents. One dollar five. Cents. 1. 05. Net interest margin is the money on loans increased to 2. 87 but that appears to be a myth to what analysts were looking for. They were hoping for 2. 88 . Michael corbett is making comments. Commercial and industrial loans continue to do well as the economy recovers. They want to reduce operating expenses. We continue to lecture that any talks about the Significant Impact of the settlement on the net income because we know that from the 7 billion settlement with the department of justice, there was a 3. 8 billion dollar charge on citigroup. The Second Quarter, net income was 181 million for the period. Revenue beat analyst estimates in the earnings per share number also beat analyst estimates. I will look for the Capital Market numbers coming up. To in