In two hours, lets head to the market desk where shery ahn has the latest. Pressureeing downward across the board, seeing the s p 500 halting four weeks of gains to lose. 4 . Much ofjones falling as the last nine days of gains, and the nasdaq down. 2 ahead of Central Bank Decisions later this week, including the fed and more corporate earnings results. Take a look at the imap function on the bloomberg. You can see that most sectors are in the negative, and who is leading the declines . Energy shares leading the declines, down 2 for the sector. We are seeing oil at the lowest in more th two months. Factoralso seeing one that is up today retailers. Thats on news that lvmh is selling. Karen for 650 million. They are seeing nordstrom, gap, urban outfitters, all the retailers gaining momentum. Wheels are heard from analysts saying that gap is seeing more favorable conditions, up more than 3 . Wynn resorts moving today after j. P. Morgan last night said that the macau gaming revenue should t
Board right now. We have not only corporate earnings, but also centralbank decisions including the fed as well as the doj later this week. We are seeing some pressure today. The s p 500 down half a percent halting four weeks of gains. The dow is also down as much halting nine days of gains. The nasdaq is also down a quarter of a percent. Take a look at the s p index in context. We are seeing some losses today. The fact is the market peaked twice at 2175. 2159 arounda low of tuesday and thursday. Today, with the losses we are seeing above that. The nasdaq, the blue chips on the nasdaq take a look. Ground, they are losing we have to say that they are not performing peers. We are talking about the s p 500 and the dow. We are trying to pitch some one meters. That is related to the adoption of it was until they announced on friday after the markets closed. Tesla is also up more than 2 as we hear more impending news of a merger with solar city. Whole foods market also up. They upgraded the s
Great reporting by alex sherman over the last few days for this. The verizon sale will not include yahoo cashiers in alibaba, and verizon will be integrated with aol. Alex sherman is joining us now. You scooped this on friday. Talk us through what happened in the last 72 hours because there were still stumbling brocks tumbling blocks on friday. Alex verizon was always a favorite and we have been talking about that since january. Verizon upped its bid. In the last round of bids, verizon was still only bidding between 3. 75 billion and 4 billion. That was not the high bid. Yahoo had more or less put pressure on verizon saying if you want to buy this thing, you have been the presumptive buyer the whole time, you have to step up and increase the bid. We realize you do not want the nonessential into little property that is not part of the deal, but you still have to bump it up a little bit. Verizon figured when push comes to shove, at the very end here, that is when we will make our move. B