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
Worldwide exchange. Bringing you up to speed on all the latest songs and lets get you up to speed on the latest in the markets. Yesterday we saw slight declines for the s p and the nasdaq. Fractional gains for the dow. But all three markets had been up during the days trade. They lost steam in the afternoon. Today were expected to open down but again only fractionally. The dow called lower by about 15, 16 points now. The s p by 2 points the snaz called lower by about 8. Nasdaq called lower by about 8. The u. S. Bond market t yield has compressed down 1. 745. The range the last few weeks, 1. 7 to 1. 9. So were towards the bottom of that. Risk off sentiment slightly higher than risk on sentiment at the moment. Jobs forecast today. The economy likely added 205,000 non farm payrolls last month. Wages are key. Average Hourly Earnings are expected to rise by. 3 . They dipped a bit in march. 2. 3 is the annual gain. The wages have been sort of stuck in this 2 range. Its been one of the missin
Look at joy global, caterpillar, fears of a chinese slowdown. Copper feeling the pain. Are we starting to see the familiar fear of china and a chinese slowdown back into the market . Guy, what do you think . The last time the fear was in the market, that was a very bad time. The fear is back. But a lot of this has to do with the strength in the u. S. Dollar as well. A lot of this through the strength in the u. S. Dollar. A lot of people talking two fed rate hikes later this year. Im not sure im in that camp. I think the dollar is on a hair trigger to go higher. Coupled with the fact china is definitely slowing down. Coupled with the fact that a guy like David Einhorn last week talks about how caterpillar is one of his top short ideas. Coupled with the fact that these stocks have been on fire for the past couple of months. They all do set up for a move lower. In my opinion, nothings really changed, other than the fact that copper bounced and the market stabilized, nothing changed in the
Its sent the stock down. Well explain that further. And as Donald Trump Takes Center Stage as the Presumptive Republican nominee, how to trumpproof your portfolio. Lets start with the decline in oil prices. Jackie deangelus walks by. Were you going to tell us than . No. Its all despite news of the wildfires in canada and a big shakeup with the Saudi Arabian government. Its oil minister is being replaced adding more questions on whos in charge of the oil. Lets talk about what this means for the energy markets. Was this entirely unexpected . No. The mr. Everything deputy crown prince hes really been setting oil policy for some time. This was not unexpected. It was a little brutal the way he was dismissed by a royal decree. Hes kind of the alan green span of oil in saudi arabia almost frankly for the whole world and to see him the news didnt go out as he resigned and we all have to read between the t tea leaves as to what happened. It was pretty clear. He was kind of unceremoniously moved
Government will intervene. As far as ryan goes, i dont european equities all in the know, do you really want to be green as well. Take a look at oil prices this morning. Traders say crude stockpiles likely rose last week for the bill kristol. Just endorse hillary, its okay. Fifth straight week offsetting supply disruptions related to just endorse her. That wildfire in canada. Call it what it is. Stop dancing around. And some situations where else. Well, it is primary day, theres w tchlwti high are. Voters in nebraska and West Virginia heading to the polls. On more on what to expect, lets canadian oil may be back online later this week. Here are other big stories get to john harwood. Were watching. Facebook is in hot water over donald trump is the bias allegations. Presumptive republican nominee, nobody cares that he was going on the record saying the vulnerable in nebraska that that republican race. Social network deliberately most of the attention is focused on West Virginia. Censors