Breathing companies, not companies hostage to the overall gloom or the feds onagain, offagain pronouncements. They all combine, and on days like today, the bulls went out. Dow gaining 77 points. S p advancing 0. 47 . Nasdaq climbing 1 . Lets start with the living, breathing companies because thats all people were talking about today, namely the merger between at t and time warner. Ive talked about this deal in more detail, and ill do it again later in the show. But right now, i want to raise a larger point. Jeff bewkes, the terrific, some would say Great American ceo of with wall street for years, claiming his company is worth substantially more than what its stock was selling for. While the stocks been a good one, candidly i thought time warner traded at discount to what it was worth because wall street has such a bias against networks, tv networks, and, yes, movies. The antinetwork bias has to do with timeshifted programming and the endless talk about cord cutting. The Younger Genera
On cnbc. Courtney reagan is in for sarah. Happy friday. Im always excited to hear what the first song is. Good pick. And i actually know who this is. Old school. Lets check in on the Global Markets this morning. Futures trading right now after some declines yesterday. We did see slight gains for the dow, slight declines for the s p. A bigger decline for the nasdaq. It was down just over 1 . Week to date, were looking at nearly 3 of declines for the nasdaq, 1 for the s p, dow just in positive territory. And were staring at slight declines in the futures market as you can see, the dow doan by 14 points or so, nasdaq by 24. So this will he said tend the w streak if things stay like this. Lets look at the ten year treasury note in that had an effect on stocks yesterday because it spiked more meaningfully in terms of daily performance than it had in recent days b. We saw the ten year note go just shy of 2. 5 , it was 2. 49 at the highest point of yesterdays trade in terms of yields. Its at
And so cold. Meanwhile jeff bezos is at amazon selling 7 million worth of his shares. That stock has reached a 3 trillion market kapp. Were going to have a stock brawl on what to do with amazon coming up. Everybody loves to debate amazon. Then theres the jobs report coming in this morning coming in below expectations. Does this guarantee a summer without a rate hike. Thats also coming up. But lets start, though, with the nasdaq on pace for its first threeweek losing streak since midjanuary. Bertha coombs running down some of the biggest losers for us, bertha. One of the biggest losers is apple as well as nasdaq has come off the lows. Take a look at apple trading low. Weve gotten a bit of a lift this afternoon as we receive a little bit of buying come in on facebook, amazon, and netflix. The usual fang names have been Holding Things up, but that move on apple, down for three weeks in a row, is really part of what is causing that downward plunge on the nasdaq. But a small cap here today
Heard got a new round of stress tests coming out at 4 30 p. M. Eastern. Those results are what investors in the financials and, frankly, in the broader indexes have been waiting for. Will banks be able to up jury dividends, return capital to shareholders and should they . The results could move the bank stocks big time in either direction. This used to be the biggest dividend paying sector of the market. Well have the results and the fallout to you first. Leading up to it they have been pretty strong. We will shake things up after the close with shake shacks first Earnings Report as a publicly traded company. The popular burger joint took wall street by storm on its ipo day at the end of the january. Remember that day there, kelly . The crazy line outside the exchange when they set up a mobile restaurant and people couldnt get enough of the free burgers that they were handing out that day. That first day performance wasnt bad either. After that and the Strong Performance across the res
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