A barrel. And you have to go back to november so when weve seen prices like this. If you went to bed early donald trump declared himself the presumptive gop nominee. After winning all five states yesterday by huge margins. I use the analogy of the boxer. You dont have to wait around for the decision when the boxer knocks out the other boxer. So that is what is it is. Hillary clinton beating Bernie Sanders in pennsylvania, maryland, delaware and connecticut. Bernie sanders winning rhode island. Sanders is showing no sign of dropping out. Well have more on the race coming up in a few minutes. Corporate news. Comcast reportedly in talks to buy dream works for more than 3 billion. The price represents a big premium over the current market cap. Comcast parent of course of cnbc has enjoyed success with animated films. The Company Reports earnings before the opening today. Well bring them to you. Dream box is behind shrek and kung fu panda. The company has been on the block for quite some tim
Business, microsoft going into the cloud. This week we are looking at more of the retail channel which is apple, which expectations are so low, could very well turn and stock is dirt, dirt cheap. Im looking at buy for the first time in a long time. Linkedin is also more on the retail channel, jobs and so forth. They are two different worlds of tech. That wont matter. Tech as an umbrella has been bad. You look at the performance last week, alphabet down six, ibm three, amazon three, Hp Enterprise down three as well. Does this turn this week or get wor worse . What we are seeing, we talk about rotations all the time. Maybe this is what we are seeing, rotation within tech. Microsoft up 24 in the last year, google up over 30 . When you look at intels numbers, this stock was trading in the very low, towards 30, actually right after earnings, then flipped around by the time we opened the following day after earnings. Stocks moving into positive territory and holding on to some of the gains.
Microsoft and alphabet last week and debate whether apple can turn the tech story around. Global debate about apple. More on that in just a bit. Valeant getting a ceo the same week Michael Pearson is to testify on capitol hill. Also argentinas return to the bond market. Kay kelly will return and tell us what it means. After the bell, well discuss why nikki sixx is calling on president obama to go after youtube. You have nikki sixx and youtube, only on closing bell would you have that. We start in saudi arabia today. All right. We dont start in saudi arabia. So lets go to our cnbc Closing Bell Exchange with the dow down 61 points. Joining with us we have rob weiner, ben willis and Rick Santelli checks in from chicago as well. Ben, the tradition lately has held leading up to a Federal Reserve meeting that the market tends to rally. Not a hard rule but that typically is what happens. Is Something Else going on . Something else is going on. When its the fomc by itself but the problem Centr
Initutions. Eres no doubt tt how unit europeorks together ca be improved. But look around the world at authoritarian governnts, theres no doubthat democracy is the most st and effective rm of government ever create [applause] and when i ta about democracy, iust dontean ections because there are a mber of countries where peop get 70 of the vote but they contl l all the mia and the judiciary and Civil Society organizations andgos cant organized and have to b registered a are intimidated. I meanreal democracy, ofhe sort we see in the United States andere europe. We have to bee vigilant in pillars of democracy not ju elections, but rule of law as fair election. A ee press, vibrant civ societiewith citizens n work for ange and we shoulde suspicious of those who claito have the interest ofofururope at het and yet dont practice the values thatre essential to europe at have made freedom in europe rl. So, yes, tse are unsettling timeand whenhe future is uncertain there seems to be an instinct i
We begin with a cable deal. Charter Communications Won antitrust approval for its 55 billion takeover of time warner cable. That combination would create the secondlargest Cable Provider in the country. The head of the federal Communications Commission also reportedly supports the merger but there are conditions attached. All of which aim to increase the number of homes with highspeed internet and mitigate threats to online video competition. Charter would have to build out Broadband Service to 2 million more homes. The combined company would have to move away from data capps and usagebased billing. And it cannot charge a fee to heavy traffic providers like netflix. Shares at both charter and time warper cable rose more than 4 in todays trading. And that is not the only deal in the Media Industry to tell you about. Begin net wants to buy the rival newspaper owner tribune publishing. But when its private offers were rebuffed by trib bun, ginnet went public. That sent shares of tribune u