Profits. Living the stream. Comcast testing a new service, goldman upping netflix. And walmart takes on amazons prime day as amazon takes on black friday. A deal in greece after all night meetings. They have reached an agreement to keep greece in the eurozone. A lot more to still be worked out. Its up to greece to implement and exercise the austerity measures. Austerity measures that the people voted against and are now going to get even more than they thought they were going to get the first time. This is a horrible deal for greece. This is the price to pay for staying in. I dont know if you caught the Merkel Press Conference this morning. It was at 3 00 a. M. And it was bad. Why . She just told it like it was. Said were going to give them a time out. It was financial potential fiveyear exit reentrance thats not agreed to by everybody. Its just punishment. I heard theres a big stake in greece wanting to extend the terms. I listened to a leader of a country that baseically said these g
Hathaway acquiring precision. We knew this. Nfl deal kind of interesting. Yes. Ahead of earning, reports for tomorrow. Al boib. First up Berkshire Hathaway saying it has agreed to acquire precision cast parts. They say the deal has an enterprise value of 37. 02. They say it takes berkshire out of the market when it comes to m a. Well probably be buying a few small things in the next six months. I mean, were in negotiations on a couple but in terms of a deal of similar size, it pretty much takes us out. What well probably do on this one is well probably borrow about 10 billion and use about 23 billion of our cash. Asked about a lot of Different Things. Ibm, hinted hes been buying more. Said kraft unlikely to do a big deal in the next couple of years. I thought there was a lot here. I know the three reasons the market is up. China should have been down a lot. The stock market has disassociated it from the data which is terrible this weekend. Second, when i look at whats happening with ap
Pretty common place these days and today was nodifferent. The only thing that was different was that the dow breakthrough a milestone. Hit iting and closing above 22,0 e time we mentioned last night, apples strong earnings likely propelled the index to a record csi numbers. The dow rose 52 points to 22,016. Most of the gain was thanks to a 5 rise in apple. Nasdaq was flat and s p 500 tacked on a point and with the dow above 22,000, it keeping in mind that this is is historically a bad month for stocks. But as bob pisani tells us, the hope is this time, theres a could we get an august swoon in august is beat a typically a lousy month for stocks. The second to worst month of the year. Its only been up five times in the last 20 years. Thats terrible. E hope is that any cross at taking at technology after apples strong numbers will clos to rotate to the forefront. Rotation centers rrnd two groups. Energy and financials. Is this going to work . Maybe. For oil stocks to get moving, we need o
Speaking in a half hourer, and we will see if they made any headway in uniting the party. There is considerable amount of support for donald trump within the house and the senate caucuses, but paul ryan who is an unusually ideadriven and philosophydriven politician has withheld the support, and he is important, because he the highest ranking republican elected oofficial in the country right now, and we will find out in 30 minutes if he believes it is a step forward as reince priebus, the National Republican chairman said it is a good meeting and positive step forward for unity, and we will have yet to hear from others. Thank you, jop. We will see you in about 30 minutes. Thank you, john har woo. And looking at tech, while peter teal was said to be on the trump delegate list, and we will turn to karen on that, and also facebook and how they are courting the republicans. Peter teal is not a surprise. She is a libertarian, and counter to most of the silicon valley, and they are all republ
Going on and Cherry Blossoms are blooming. Its one of the most visited times of the year for the capitol hill area. Im sure that thats being taken into consideration as well. In the control room if you can bring up the 10year yield and 2year yield that would be interesting as well to see if weve seen a little bit of safety there, that would be a natural reaction to whats been happening. The 2year had been going up after the sale. Auction came out at 1 00, highest yield of the year and i have not seen what its done since that time. Good point there. Were monitoring the report that gunshots have been heard in the Capitol Visitors Center which is as we mentioned a moment ago underground complex that allows entry into the capitol. All right, out of associate press, also from reuters, Associated Press quoting capitol officials, one Capitol Police officer, shot, not fatally, the shooter in custody. The Police Officers wound is not serious and that is obtained from the sergeant at arms office