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The weak and let the strong survive, when we merge companies to eliminate over capacity we go higher like we did today with the dow and s p closing at record highs. S p add avancing and thank you carl icahn and apple. He tweets stock goes higher. Hardly a day seems to go by without a deal of some sort a takeover because the ceos in this country are well aware of the over capacity problem in almost every single industry we follow. Today for instance we learned that the publicly traded form of ann taylor will be gobbled up by aacina. Gives a huge 21 premium will be marvelous for them because they need a higher end offering and it can save money immediately by merging the two entities. Companies talking about taking 150 million in cost but i bet david jaffee will be able to do better but figuring out which stores are winners. Thats a tough thing for anns current management to do but expected now that asna is taking it over. Thats what happened in acquisition. People are being frugal and s
New-yorkUnited-statesMilanLombardiaItalyNew-hampshireTexasChinaFloridaCaliforniaWisconsinQueen-cityIm katy tur in for hallie jackson. Today, top names in the tech sector headed to trump tower. President elect trump also dealing with two new headaches this afternoon. The first democrats say trump may have to sell his new d. C. Hotel. The other involves his frequently Controversial National security adviser and ill advised tweets again by his son. We are also following the dylann roof trial. Today, survivor testimony and new video showing roof practicing shooting. 33 million under a winter chill advisory as a new storm expected to create dangerous travel conditions across the central part of the country. Lets start with the trump transition. With the Huffington Post and an msnbc contributor is also here. First off to you there will be a trump tech summit. Tell me who is going to be there and why it is important that they are there. Reporter this is definitely a whos who in the tech industry. We can go up and throw up the names we have for you. Jeff bezos from amazon, oracle, tim cook
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