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Issues at play with two special guest hosts. Wharton professor of finance Jeremy Siegel and trusted american businessman steve forbes. Both onset and ready to start this discussion at 6 00. First, though, andrew has a few of the top business headlines. Lets talk about some of the headlines this morning. Cisco systems buying Cloud Network start up meraki for 1. 2 billion in cash. It was founded in 2006 by members of m. I. T. s laboratory for computer science. Joe, i dont know if you take credit for any of that. Bp plans to spend up to 5. 9 billion buying back stock. Last week the oil giant agreed to pay record criminal penalties over the deepwater horizon disaster. And americans are carrying more Credit Card Debt and being less diligent about making on time payments. Trans union now reporting that average Credit Card Debt for borrowers grew 4. 9 in the Third Quarter and meantime the rate of credit card payments at least 93 days overdue rose slightly to three quarters of a percent. This
ArkansasUnited-statesMyanmarMontanaLouisianaAlabamaAlaskaTel-avivIsraelTurkeyChinaCaliforniaTenyear eeled reacting to a ppi number that did run a bit hot, first rise in a few months and europe in the green at least for now. Our roadmap begins with a cnbc exclusive. With both apple and china mobile ceos, apple shares rising in early trade on the tech giants new deal with china mobile. Bank of america reporting betterthanexpected Fourth Quarter results. And as new ceo mary barr takes the helm, gm expecting pretax profits to rise modestly this year but margins remain flat until 2015 on the back of news that the automaker will pay its first Quarterly Dividend in almost six years. And elon musk taking on the government for the proper term for teslas fixes. First up, though, apple shares rising in the premarket on optimism surrounding the companys deal on china mobile. Tim cook saying it will help bolster sales in the Biggest Smartphone market and china mobiles chairman said the agreement will entail various cooperative ventures and will not be limited to iphones. Cnbc spoke exclus
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