The deal is worth 43 billion. Sources say that kevin china rising 4 . There are over 2400 journalists and the bureaus all over the world. Is closing for lunch. Singapore,icture tokyo, mumbai. Slash and burn at yahoo cutting jobs, winding down legacy products, and addressing Strategic Alternatives, but what does that mean . And we hear from oracle ceo mark hurd of what it takes to be a leader and what it takes to keep competitors at bay. We check out how mega cabs compare with the Biggest Companies over time mega caps compare with the Biggest Companies over time. But first, to our league yahoo exploring alternatives for the core business. Is that the company putting the for sale sign on the door . For the time being Marissa Mayer is cutting costs and exploring a spinoff of the web business rather than sell now because they feel it is kinder late it is currently undervalued. The search revenue is up 12 . But here is what chairman maynard webb added in a news release the board also believ
Britain has raised its terror level alert, saying an attack is now likely. We will hear what Prime Minister David Cameron said and have expert reaction. And is the market in for a rough september . Some now wondering if investors will come back from vacation on tuesday and wake up to the global turmoil thats engulfing the world, from the Russia Ukraine mess to the growing Islamic State threat. The stock market has largely ignored it all and continued to make new highs. Can and will that continue next month, again, when everyone is back from the beach . And call this, kelly, game of drones. Google in the drone business in a big way. Is the objective just delivering stuff or is there something bigger at work here . We will explore that all. In the markets right now, the dow is off 11 points, the nasdaqs higher by about 15, the s p 500 is higher by about 3 points. A mixed session, and one, brian, where the s p has been hugging that 2,000 level, frankly, for most of the afternoon. And ive
Do van hour heft o go in the session. Looking to see if we can continue this run thats making front pages. The s p adding record territory again. And same for dow. Nasdaq up 17 points for his part but were note braking out the nasdaq 5,000 hats just yet. But they are being made for that day it comes. And yes it is finally hitting newspapers. Lets talk about the closing bell exchange. Rick santelli and others join us. Good to see you all. Pat powell we are just joking here. I said we got 18,000. Can we do 19,000 by new years eve. Are we at the point where were expecting this just to continue . Is there complacency . There is always at year end. Year end you always have the things that are in motion stay in motion. There is window dressing. Tax loss selling so year end is always a little quirk kirky. And this market seems to be floating up almost effortlessly. I think the new year new gain. You think we grind a little more. I think were going to float up for the rest of the year. What do
And it doesnt look like well see nasdaq 5,000 today. Before all of this point talk the nasdaq 5,000 was the level we were really watching. Of course, we dont know what can happen in the final minutes but we are off 22 points on the session which puts us what do you say, about 35 points away from that key level. Again, the record closing high is about 5049. Not going to get there at the end of the february. That gives us a target for march. The same day, possibly, bob that we hit that level previously in 2000. Meanwhile, the biotechs have been a leaving driver of the march to nasdaq 5k. Up nearly 300 over the last five years. Some see a bubble in the sector. We will have a debate. And word came just a short while oak aboutago about the death of Robert Benmosche. We have about an hour to go. Lets get more on what has been a huge month for stocks. Joining our Closing Bell Exchange we have. Beth ann from s p and mike mcqueen of high tower. Of course, Rick Santelli always joining us. Mike,
The dollar is stronger. Gold is down sharply. All the markets telling the same story. And there are plenty of investors talking, joking perhaps about the property that they are looking at in greece in italy, across europe because if you want to theres the euro dollar today up another 1. 5 . The low 10. 09. 109 1. 09. Extraordinary to remember a couple years ago when it was at 1. 40. That will have a huge impact on their economy and on ours as well. Book your vacations to europe. Europe is on sale this summer. With just an hour to go before the close, a steep selloff. The dow is off almost 300 points. Off 277 this hour. It brings it to 17,861. The nasdaq is off 56. 4,926 for that index today. Here we go. Time for our closing bell exchange. Dorothy weaver of Collins Capital is with us today. Formerly of the board of the Federal Reserve bank of atlantas miami branch. Jeffrey cleveland from payton and regal. Our even Steve Liesman and Rick Santelli santelli. Steve, Pay Attention here. Are