Great reporting by alex sherman over the last few days for this. The verizon sale will not include yahoo cashiers in alibaba, and verizon will be integrated with aol. Alex sherman is joining us now. You scooped this on friday. Talk us through what happened in the last 72 hours because there were still stumbling brocks tumbling blocks on friday. Alex verizon was always a favorite and we have been talking about that since january. Verizon upped its bid. In the last round of bids, verizon was still only bidding between 3. 75 billion and 4 billion. That was not the high bid. Yahoo had more or less put pressure on verizon saying if you want to buy this thing, you have been the presumptive buyer the whole time, you have to step up and increase the bid. We realize you do not want the nonessential into little property that is not part of the deal, but you still have to bump it up a little bit. Verizon figured when push comes to shove, at the very end here, that is when we will make our move. B
They locked on the Revenue Source before the crucial Holiday Quarter . Julie hyman has the latest. Shery slightly latest, but still near alltime highs. A level on friday, touch a record earlier today before stocks fell backward slightly. Whats been notable, not just about todays session, but a long streak of sessions we had is how Little Movement on a daily basis there has been, even as weve been hitting new records. Its really by inches. Bloomberg, at the this looks at the daily percentage move in the s p 500. You have to go back to july 8 to get a 1 move at the close. You see a very tight range of movement that we have seen, even with fridays gain in the s p here,t did not exceed 1 its been interesting, this drift higher that stocks of experienced. Interestingly, there was just a story out on the bloomberg little while ago from josie ling , would mean a six straight quarter of decline. It hasnt slowed them down that far. We are seeing more movement in oil prices. You see a continuing
We are Holding Steady with these record levels. You have the dow, the s p, the nasdaq all their on intraday. Things to characterize this recent rally. Weve had lower than average volumes. More than 20 below the 30 day average. Weve also had small incremental moves in the major averages. Also, it has been kind of the streak here. It has been set since this latest rally began back on july 11. And there is low volume as well. Take a look at the bloomberg terminal. This goes back to 1990 for the volatility index. This dotted line, 19. 8. We are obviously well below that average level. Abouttalk much more volatility with kevin kelly. It is notable. Not a specific catalyst here, that we see them on the rise. That oil stop charm. They are doing well in todays session. It is known as it may a . 9 billion. You can see post properties up about 9 . It is down by 5 . Numbers. Ck the mark clinton hits the campaign trail. Clinton thats assuming he pays any taxes at all. We havent seen his tax return
Near its goals. My question, why is this time any different . Alix you have to see, are we aing to have a dudley and fisher that are very different. Fisher is on the more hawkish side. What does that mean for yellen on friday . We have bank of americans global head of commodities. An interviewrx, you will only see on bloomberg. It was still a dollar move today. Jonathan an equity move off the back of that. You are looking at futures in the United States. Down 1 4 of 1 . 2 of 1 . Down 1 w speak. Ad a week of saifed the guidance from stan fisher, the interpretation is a right on the rate hike stillo table. A stronger dollar dominating. In the commodity market, stronger dollar, the commodity complex often. Copper down. A big week of gains for crude last week. Wti putting together its biggest weekly pop since march. Supply coming back to the market. Will talk about that later. In the bond market, the yield curve on treasuries and focus on the back of vice chair Stanley Fischers comments ov
We are one hour from the close of trading in new york. Trading,start of rather. Lets head to the markets desk. Matt an hour from the close. Oliver is it that already . Matt its 3 00. Oliver thats right. Bank while there hasnt been any movement, so dont worry about it. What we are looking at is red arrows. Tight today. Been swings of only half a percent. Range on theter snp today. Losses,seen gains, seen but we are talking 6 10 of 100. Ercent really tight range, not much action here. Where he seen action is in pharma where we have seen action is in pharma. Anre is a big reach for oncology drug in the m a sector. Also rising in sympathy. Not the 20 you get with medivation. These are much Bigger Companies. Medivation is a 14 billion company. Regeneron is a 40 billion company. Much Bigger Companies but smaller moves. Take a look at the oil. Oil has come down today. Oil down 3 . This is after hitting a bull market. Big rise up and a bit of a drop today. Halliburton is down. Burstq worsts ou