I didnt think about it with the tie. Do you have an orange tie . I do own an orange tie. But you never wear it. I never wear it. Are those pumpkins from last year . No. Those are not. Okay. Can you imagine we had things made exactly like us. I have pictures of those. Those arent actually us, are they, andrew . Remember in the past our face has been on them. Our face has been on them. But not these. I apologize, we are going to talk about the markets. We have breaking news the tell you about, we talked about it a little on friday, but now its official. General electric and baker hughes are merging their operations. Now there was a lot of conversation about whether ge was effectively going to be selling its business. We talked about whether this was all happening at the wrong time. This is now what is happening. They are merging the oil and gas operations into a new company that both companies will effectively own. They are looking to get 1. 6 billion in synergies annually out of this tr
Steady, moderate losses in europe this morning. And Consumer Spending rises to the fastest in three months. Road map begins with ge confirming the deal to combine oil and gas business with baker hughes to create a new entity. Well speak with the ceos in an exclusive interview. Weve got a deal in the telecommunications industry. Centurylink to buy level3, totals a new record month for u. S. M a announcements. And the latest controversy over Hillary Clintons emails as the polls tighten just eight days ahead of the election. Well get you all the market impact. First up in that deal to create what both Companies Call a new baker hughes, ge will contribute 7. 4 billion to fund a 17. 50 per share special dividend for baker hughes shareholders. Ge will own about 62. 5 of the combined company. As we said, next hour an exclusive with jeff immelt, chairman and ceo of ge, and the ceo of germanwin oil and gas, i craighead. You said it would be the ultimate buy high, sell low. Thats not the case he
The dow is ending october with a whimper. Index, little change today, up 16 points now. Nike, the big drag, chevron, the only dow name up more than 1 . Thats despite a big move lower for oil, crude hitting session loew lows. We want to call your attention to brocade, that stock spiking on reports the company may be putting itself up for sale, digging in on this and bringing you more as it develops. Tyler. Welcome back. Im tyler mathisen. Welcome. Here is what else is happening at this hour. U. S. Consumers picking up their spending in september, due in part to Strong Demand for vehicles. Speaking of vehicles, fire crews investigating a blaze that broke out at fords World Headquarters in deerborn, michigan, earlier today. No one was injured, thankfully, there. Cleanup crews working feverishly now in central italy following sundays magnitude 6. 6 earthquake. Several quakes hitting italy in recent months. Justice Department Getting a warrant to review newly discovered emails related to Hi
Julie hyman. Julie a half hour into trading and seven years into the bull market. Of 2009,he anniversary happy birthday, bull market. A step back from yesterdays decline, we also have an increase in oil prices which has been helping matters and investors and traders looking forward to the ecb for a little help on the european side. Lets take a look at this market. All the way back to march 9 of 2009. At aboutmarket run 200 , although we had some pickups as of late. What has been interesting is that it is the most hated bull market of all time. Take a look at the bloomberg. Here is the bull market run in white and the s p 500 climbed. Climb. Going from 2009 then werly 2012, and have seen outflows. Even as we have seen stocks continue to go higher, we have seen a decent about of money coming out of funds that track the u. S. Market, interestingly enough. The question is, can we keep going . Vonnie tell us about the uighurs the leaders and lacquers. Laggers. Quers 1 , andp by about beside
Dollar goes to a tender offer. And ackman says, hey, wake up, allergen. He calls their actions embarrassing. And the first deal at microsoft reports theyre close to a 2 billion purchase. The target, the video game maker behind mind craft. First up, apple creating all that buzz by unveiling new iphone 6 models, which are larger than their predecessors as well as that apple watch and the mobile payment system. Stocks rose sharply, up more than 4 at one time, after apple pay was announced, but then lost its gains following the unveiling of the apple watch. It did finish the session lower in true apple fashion. A lot of analyst calls. A lot of media buzz today. The new york times, their headline is, quote, apple is back better than ever. Yeah, first of all, you are iron man. Last i looked, he was there. Maybe there are two carls. A lot of other media areas. When does the other carl come in . I think we ought to step back for a second. First of all, when the watch came out, the misfortunate