Futures this morning after those gains, youll see there are still green arrows indicating a higher open, as well. Dow futures indicated up by about 44 points. S p futures indicated up by close to 5 points and the nasdaq is up close to 14 points. An rue, ill send it back over to you. Lets talk about the deal of the morning. Facebook is now getting into the wearables market. The social media giant acquired a Company Called oculus vr for about 2 billion. They make Virtual Reality headsets. Their main product called the oculus rift is primarily used for gaming. Mark zuckerberg posting a statement on facebook saying after games, were going to make oculus a platform for many other experiences. Imagine enjoying a courtside seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor or facetoface just by putting on goggles in your home. I know where i know. Youre waiting for the sound effects in the what has driven he ever what drives all of
Strong day, cisco doing well. One of the most actively traded stocks. And caterpillar which was yesterdays drag is one of todays leaders. A herky jerky motion. Bill miller said yesterday on the show its a great market for anyone with a home towardson longer than half an hour and is very positive on apple saying that stock will go past 700 bucks, this as some were saying apple may be releasing new hardware sooner than later. Well hear the bull and bear talk on apple. Any time after 4 00, about an hour from now, Chinese Ecommerce Company j. D. Com is set to release its ipo, 15 times subscribed, a huge ipo to watch in its own right but takes on added significance because it comes ahead of al bal of ali. Fallout that will ensue with the chinese prices and could be the third biggest ipo of the year. Heres where we stand in the market. Dow up 153 points. Today were only 200 almost 150 points off its alltime closing high. The s p 500, meanwhile, up 13, 1886 is the level there and nasdaq up 30
I am matt miller. I am scarlet fu. Business stories from around the world kicking off with federal and state prosecutors considering charges against Bnp Harry Bob according to a person familiar with the matter. Overt suisse investigated whether it helped american evade taxes. Bnp paribas. Energizer holdings is splitting up into two publicly traded companies. One the unit will include household products. The other will be energizers personalcare business among products will be sure craters razors and hawaiian tropic sunscreen. The biggest utility deal in north america best year. Agreeing to buy Pepsico Holdings for 14 billion 6. 8 billion in cash. The utilityrates that serves the washington, d. C. , area. I want to emphasize the word nuclear is not nuclear. Definitely not nuclear. Going to accompany story we have been following. Twitter, a puzzle for you. Posted firstquarter results that Beat Estimates on the top and bottom line. Investors shrugging it off. Focusing on slowing user grow
I am stephanie ruhle. Happy to be back with you. We are back here and we have news to cover. So the bees. Outhis has been a not come a knock them out, drag out fight. So the bees sothebys is going to be accepting three new nominations to the board. They expect to work collaborate with the board and are committed to working with the leadership team. Lets talk through that. The fox enters the henhouse. Many people say maybe they saw the writing on the wall. They do not want to risk losing board seats, so they extended three more. Day, oh, hehe disagrees. Are they really rowing in the same direction . They are all stakeholders in this company. We know what dan wants to do and continues to want to do with some of these sothebys. Is going tohow it be one big happy family. A board should never become happy 24 7. It is good to have people on the board calling them out and have been part of the business for your. Board, bill big ruppert and from the company. I opened myself up again. He unders
Following the story. Could pandora be next . Apple announced music,nd of news around pandora stock fell in the last couple of years. Last year, when apple announced pandora stock rose. This will spark pandora to do something to become a protected player. There are no talks that we know about, but just speculation at this point. Pandora claims it has 9. 3 of the overall listening audience. That is growing. Last year around this time, it was seven point three percent. Users. 78 million a big player. Spotify wants to go public. There could be something to do there. We are talking about a massive valuation. Forget google had also pushed aggressively. It has a product that cuts across so there could be some Competitive Pressure there allows these players to feel itselfed and then apple with its m a strategy. Some people talking about maybe apple buying twitter. Investors have had a chance to invest this. Does the price tag makes sense for apple . It seems like such a big out they mustound h