Succeed. And counting down to cnbcs republican president ial debate. It is live tonight from colorado. Well tell you where the candidates stand on fixing things like Social Security and medicare, plus what some Small Businesses would love to hear from the candidates arrayed out there in boulder. Meantime, lets aez go down and check in with my friend, kayla at the nyse. Kayla. Hey, ty. The countdown to the latest fed decision is on in earnest. We will get that decision from policy makers in less than one hours time. Steve leaseman is life at the Federal Reserve and says the fed has some new data to think about today. Steve, is it all about gearing up towards december now . Yeah, it is. Thats what all of the discussion is about. Before we talk about the fed i want to talk about new data. We got some advanced trade data this morning. The deficit was better than expected. Why is that important . Because deficits a big part of why we go up and down in gdp. The Third Quarter gdp taking a mea
First day. Different story for valeant. The pharma giant taking it on the chin on a report by a short seller. Western digital buying sandisk. The tech stocks that could be next on the chopping block for the next to be acquired. And scott wapner just talked with carl icahn. Hes taking his activism to a whole new level and realm targeting Corporate Tax reform. But we begin with the red hot ipo of the day, shares of ferrari are revving higher on their first day of trading. A bit of a rally in stocks overall. Were sitting at 12,290 but just earlier today we cracked above that 17,300 mark for First Time Since the august flash crash. It seems like were tracking for the best percentage gains since october of 2011 for the dow and the s p, bob. S p is up 6 for the month. A little bit of a stealth rally. Really tina there, is no alternative, no other places to put your money right now. I want to start with the ferrari ipo. 48 to 52 was the price talk. It priced at the top at 52. It opened at 60.
Activision. Aig out with results after the bell. Earnings and revenue were a miss. This as carl icahn has taken that large stake calling for a breakup. Ceo Peter Hancock will join us at post nine in about a half hour from now to talk about the results and the activist. And a strange turn in the fight over the Keystone Pipeline. Transcanada, the Company Behind the project, now looking for a delay asking the government to suspend its application. First up, activision blizzard, the home of games like call of duty and world of war craft buying king digital, 5. 9 billion. A 16 premium to kings Closing Price on monday. Earlier on squawk, the ceo said its more about broadening the companys reach into mobile gaming. Mobile is important, but also attracting women to gaming is an important part of our strategy. With king, 60 of the audience is now female, which is a really great expansion opportunity for us. And theyre in 196 countries around the world which is something thats exciting. Combined
Volatile trade in the after hour sessions so far. Well bring you the head loins as they break. Well be checking in throughout the hour with bgcs colin gillis manning the red phone and meantime, guy, what do you make of the quarter . I think given where the price of the stock is, lets just call it 100. I think its something for everybody. Bears will point to the iphone shipments being somewhat disappointing. Bulls will point to increasing margin improvement and bears will point to the tax rate being a help to eps. Bulls report maybe will report to the fact that revenues were not as bad as some of the nay sayers on the street were going to say given what we heard from the supply side. Right here where its trading 99 is a coin flip. Given the choice between the two i think you buy it here. The Conference Call will really be key in terms of breaking the tie between the bulls and bears. What would be your number one question for tim cook . I guess it would be Forward Guidance which wasnt fa
General Family Dollar tieup goes through, the combined company would have 20,000 stores in 46 states, a total of about 28 billion in revenue. Now, heres the important part the synergies on this transaction, which contrast to the other one and i know were talking about dollar tree and Dollar General and Family Dollar, its confusing. Dollar, dollar, dollar. Dollar, dollar, dollar. Heres whats happening. On the Dollar General Dollar General tree. On the Dollar General proposal, they would have 550 million to 600 million in synergies annually. That would happen three years after the close. That is in contrast to what was 300 million in synergies on the other dollar tree deal. Now, the dollar tree is a much Smaller Company than Dollar General, and thats one of the reasons theyre not able to have the type of synergies. A lot of analysts had wanted Dollar General to come forward with this deal. Were surprised that they havent. Apparently, if you look through some of the filings on the origina