We lower on the douby just 6 points some individual stock moves on the final trading day of august to hit check out ulta beauty on track for the worst day ever down around 30 after missing on earnings, revenue, estimates for the fullyear guidance also coming in light blooming brands seeing a spike around 2 00 p. M. After Jana Partners to take a 9 stake in the company saying in a filing it believes shares are undervalued and intends to have discussions with the company about a possible sale. Nearly 8 pop there. Shares of lions gate falling on a report of comcast dropping starz. Comcast is parent of cnbc. Joining us for the entire hour, final hour of the final month of trading for final day of the month of august is mark tepper to these individual stock moves like an ulta, wilfred mentioned target up 25 , ulta down almost 30 . Why are these such severe reactions to earnings, these reratings of the stocks individual story or the Market Investors are concerned overall about just carrying r
Tyler mathisen. Good to see you, bill. A block to the deal. The Justice Department will file a lawsuit to block at ts takeover of time warner. The move creates a major blow to the companies, who together would have create add media and telecom empire. When first reports surfaced, shares of time warner fell while at t finished the day higher, but the story is far from over. Julia boorstin has the report tonight. If the Justice Department is suing. Saying it would mean higher monthly television bills and fewer emerging innovative options. The department of justice has not gotten any state attorneys genera at t is planning to fight this suit. The general counsel and vp, saying the lawsuit is a radical and inexplicable departure from decades of precedent. Vertical mergers like this one is mutua approved, because they benefit consumers without removing any competitor from the market. Next um, at t and time warner will ask the court to schedule a hearing on the department of justices claims
First we start with chaos on capitol hill as it took down stocks again, the dow sinking and ending the day down triple digits this as protesters in d. C. Has emerged as uncertainty swirls around the final draft of the tax bill ylan mui is on capitol hill for us tonight reporter scott, this is really democrats last stand to try to block this tax bill they stormed Office Buildings here on capitol hill today they were chanting tax the rich, not the sick. They also said, kill this bill, dont kill us. We saw the protesters sitting down on the floor, trying to block the entrances to lawmakers offices they were blocking the hallways as well. We saw several people getting arrested, about 300 protesters at all were expected here today. They were targeting lawmakers who represent swing districts, republicans who might be representing purple districts. For democrats, this is really now more about just the tax bill they now are looking at this as a health care issue, because the Senate Version of
Roads that are not treated will see slippery conditions for the afternoon. Thats when it starts. The light snow showers to the west, this is the area that may really cause the most problems. Thats the wintry mix, the combination of sleet and freezing rain, and freezing rain could give us an icy glaze later today. 9 in new jersey. Cold enough for frozen precipitation. 13 in the suburbs. 19 in philadelphia. The temperatures climb, and some neighborhoods will wind up above freezing. New jersey, 33, but the ground will still be frozen. At the shore, mostly dry, showers in the afternoon, and the evening, rain showers there. Ill break it down when im back in ten minutes. First, katy zachry with first alert traffic. Good morning. When i last saw you, i told you about a water main break thats affecting things in philadelphia for septa riders. Its on the broad street line. If youre waiting at the susquehanna dauphin station to be picked up, they are not stopping because of the water main break.
Record stock rally off to the best start, best yearly start in more than a decade. Apple addicts, billionaire share hoerlds urging the iphone maker to take action against the long term consequences of childrens smartphone overuse. Nvidia saes big bet on autonomous driving, teaming up with vw. The best start to a year since 06, closing the week at record highs and s p and nasdaq turning in the best week since december of 2016 and the street now beginning to look ahead to earnings season wells fargo coming out with results later in the week well get Inflation Numbers and retail sales and citi and Media Conference and Morgan Health care conference. You mentioned nvidia and wong going down to consumer conference tomorrow. Whats happening is an interesting opportunity, the futures are down for once. People can get in provided that the stocks themselves dont go up im talking about caterpillar, United Technologies and nvidia, they are ramping, maybe let them come in and get a chance the resea