Host what is the potential of it being approved . Gene this is part of a rationalize asian the cable industry. We have seen of the rationalize ation of the cable industry. It is a Broader Market that includes other broadband providers and other content dividers. Host same question to you. Gene i think this is the cutting edge of our economy today, this is the Digital Economy driven by broadband. Cable companies are the largest providers of highspeed internet service. Here you would have a company doubling in size, time warner. Approximately the size of the largest company, comcast. I think it will be seriously reviewed by Law Enforcement officials. You are going to have 30 of broadband customers combined in one company. I dont believe this has the same problems of the comcast proposed merger that time warner had. I think it has some that will be carefully looked at. The big question is what happens to my cable bill . What happens to my prices . Do i get new services . Will netflix and
Of best buy plummeting in the premarket down 30 after reporting u. S. Comps for the Holiday Season fell 0. 9 percent. Jcpenney cutting Underperforming Stores and cut 2,000 jobs to save 65 million a year. Citi results were short of estimates and goldman beats on earnings and revenue. And United Health Beat Estimates by one cent a share, increase in enrollments helping there and cms missed by one cent a share. Best buy tumbling after reporting u. S. Comps for the Holiday Season down 0. 9. Citing intense discounting by rivals and supply constraints for key products and significant declines in traffic and what it calls a disappointing mobile phone market. Best buy saying it sees Fourth Quarter operating margin coming in below yearago levels. We know what a high flier it was last year guys, but to lose a 30year value before the market and many millions of shares trading before the bell. This was a case we were joking about it, remember when one after another after another analyst was upgrad
New website. This hour, the president joined those exclusively. Adam music legend bob marleys son. A good drinking cup of coffee. Lori moving toward session highs. Lets head down to Nicole Petallides. Nicole looking forward to that interview. The Dow Jones Industrials are up right now by about 72 points. People are taking a little bit of a breather. The first day, october 1, was actually the first day of a new month. New money comes into the market. The rest of us drifting to the downside. Any headlines from washington could be market moving. Lets look at walmart. Walmart saying exactly that. They are seeing softer sales because of the federal employees that are not shopping much right now. Back to you. Lori thank you. Little progress in the debate in washington over the Government Shutdown. Rich president obama and Vice President biden taking a lunch break. President obama is happy to have negotiations with boehner, but he cannot do so with a gun to his head. House Speaker John Boehne
The crimean referendum, of course, is this weekend. The roadmap begins with continuing Global Concerns led by china and ukraine. Have the markets looking at a modestly higher open this after the major averages logged their worst day since february 3 period. General motors is firing back that air bag failure in recalled vehicles resulted in more than 300 deaths. Target admitting it did not take immediate action after Security Software originally alerted the company to malicious activity after the data breach. And Mark Zuckerberg calls president obama to complain about the governments surveillance programs. First up, though, thursday, the 13, was bad luck for the bulls as worries about a slowdown in china and rising tension between ukraine and russia helped spark a market selloff. All 30 components finishing in the red. And the s p has fallen to negative territory for the year and the nasdaq posting a decline for the fifth time in six sessions. The s p has only had a yeartodate gain nine
Consumer inflation missed estimates. Europe, you can see, is in the green. The question everybodys talking about today, is the stock market rigged . Well go behind the explosive headline, bring you some answers. Plus, it is the final trading day of the First Quarter. So far this year, one exchange has performed a lot worse than the others. I bet you know which one it is. And things keep looking worse for general motors, ahead of ceos mary barras testimony on capitol hill this week. Why did it take federal regulators and gm over a decade to order the recall . Well try to get answers. First up, a comment causing a lot of buzz today. Best selling author Michael Lewis with harsh words about the stock market last night on 60 minutes take a listen. The stock markets rigged. The United States stock market, the most iconic market in global capitalism is rigged by whom. A combination the stock exchanges, the big wall street banks and High Frequency traders. Big, important words for a mainstream