We heard they hired advisers to reorganize and perhaps fall on that bomb setting up a bad chain reaction. Pay it out of cash on hand and the it line. Also committed to paying 1 billion in debt due for next year perhaps out of asset sales. They have high quality assets. Second freeport sold a 13 stake in the copper mine to metal mining for 1 billion in cash. That gives freefort the flexibilitile to unload other assets to ruse the 19 billion plus debt load. Second black hole. Momentarily filled. Third positive, the high yield debt market is plagued by the decline in sprint bonds, the telco company. Billion buy back equivalent to 4. 2 of the market cap. Certainly they have money to throw at sprint to stave off the decline in the companys fortunes and bolster the ability to stay competitive versus verizon, at t and tmobile. The common stock jumped but it is about the credit side of the ledge er. I have to get it through to you because the stock market is often smaller than the bond market
Down 3 today. You got the stories about the bending iphones. Now problems with its latest operating system update. Just how much troubling news is this for the tech giant . First, though, check in with sue down at the New York Stock Exchange. Hi, sue. Hi, ty. It is an ugly day down here. The dow down triple digits. The fourth straight triple digit move and something the dow hasnt done since mid april. Giving up all of yesterdays gains. Here are the numbers. Dow down 242 points. The low of the day down 256. S p 500 off 28. Nasdaq off 79 points. Leading the decline in terms of percentage moves. Russell 2000 laid claim to that earlier and come off of the worst levels and down almost 16 and the transports down 112 points on the trading session. Where Interest Rates are right now, 10year note, the yield trading at 2. 522 . More on the trading action. Bob pisani is with me. Bob, we start with you. Were just off the lows of the day. I think two issues particularly gotten a lot of attention to
Individuals and entities, including home depot, by the way , which is a company has made a huge commitment as im sure you know to support veteran programs. But to supply the eds and all of that. And then these veterans are adopted by this community organizations. It was a terrific combination of people coming together, but it also would not have happened without the money from the grant. So these are the kinds a programs that are very much supportive, handson. Yes, it is veterans, but i figured each one that we help to get on the deposit with their lives, thats worth doing. So i just wanted to let you know that every time i go home, as im sure my colleagues to, we visit with veterans. I do feel bad. Thank you very much for your service. Of course a look forward to working with my colleagues and to make sure that we provide the kind of support that will enable us to meet the challenges of our veterans. Thank you very much, senator. We may have some votes cent. We will have to juggle thi
Evidence that General Motors had a way to fix a dangerous defect years ago, but made a business decision not to use it. And together again. The dogs of sochi and the u. S. Olympian who fought to bring them home reunited. An emotional moment three weeks in the making today, friday, march 14th, 2014. Announcer from nbc news, this is today. With matt lauer and savannah guthrie. Live from studio 1a. In rockefeller plaza. And good morning, welcome to today on a friday morning. Im matt lauer along with tamron hall, al roker and willie geist. I think we need a playbook to figure out whos in here. Weve got savannah and natalie off today. Im right here. But we have puppies. We had a puppy party once in the orange room, but were having a puppy shower today. Because when you get a new baby, youve got to have a shower. Sometimes, it happens whether you like it or not. Thats gus kenworthy, the u. S. Olympian and silver medalist. Were going to check in with him. But we want to get right to our top s
Contains many many bits of Security Forces have defected or kremlin activex control much of that in its province where they kept thinking independent peoples republic and declared a referendum on secession from the eleventh is you. Grace she prosecuted the case the countrys former president did see an exhibit of having a mafia style syndicates prescribes cos the food was so bitter up to one hundred billion dollars and cents of the stolen money was now being used to fund the russian backed separatists a limited states that some of the money stolen by a convict and his aides is now in western europe that summer is in russian the comments came following a conference in london with us and british officials to find ways to recover assets stolen from ukraine the countrys economy has taken a turn for the west amid the turmoil of recent months which mechanic to be to abandon the presidency and need to rush to the International Monetary fund has decided to extend to kiev to seventeen point one