Is valued at almost 8 billion but the question everyone is asking is it worth it. Well talk to the ceo after the opening trade. And facebook is jumping into a new arena, Virtual Reality, they are buying oculusvr in a deal worth about 2 billion. So what can virtual do for social . Well try to find out. Blackrock Ceo Larry Fink sounding the alarm about the recent popularity of dividends and buybacks. In a letter this morning well tell you exactly what he had to say. First up, though, King Digital Entertainment set to debut on the New York Stock Exchange, the maker of candy crush saga saw its ipo at 22. 50 a share, gives it a valuation of about 7 billion and ticker will be king and well speak to the ceo right after the companys first trade this morning over at post eight. Jim, you have said you like the way the deals structured so far. It is not an expensive stock. Those who compare it to zynga, zynga was trading at 58 times earnings. This is sa very well multiple stock versus that. Now,
Futures this morning after those gains, youll see there are still green arrows indicating a higher open, as well. Dow futures indicated up by about 44 points. S p futures indicated up by close to 5 points and the nasdaq is up close to 14 points. An rue, ill send it back over to you. Lets talk about the deal of the morning. Facebook is now getting into the wearables market. The social media giant acquired a Company Called oculus vr for about 2 billion. They make Virtual Reality headsets. Their main product called the oculus rift is primarily used for gaming. Mark zuckerberg posting a statement on facebook saying after games, were going to make oculus a platform for many other experiences. Imagine enjoying a courtside seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor or facetoface just by putting on goggles in your home. I know where i know. Youre waiting for the sound effects in the what has driven he ever what drives all of
We begin with jamie dimon, Jpmorgan Chase ceo sitting down with jim cramer in just a little while. His bank out with earnings that did handily Beat Estimates, results from rival wells fargo, also above expectations. Senator Elizabeth Warren leading a new charge to break up the banks with an updated version of the 1933 glasssteagall act. The Company Warns q2 and full year will likely fall short of expectations. And carl icahn kind of sweetens his offer for dell. Whats it going to mean for that vote next thursday . We will discuss. Big day for us here. As we said, jamie dimon will be here at the nyse. Cramer with an exclusive interview at 10 00 a. M. Eastern time. A lot of things to talk about in the program. Are you ready, skee daddy . Ive got the ceo on my left here, im listening to you guys, ive got Elizabeth Warren on squawk. Heres what i have to say. This has become a Capital Market story. Thats how theyre trying to portray it to put it in english, they have too much cash so theyre
27 billion. We wake up again to another big m a. It is final. These talks between reynolds and we hear the price is 27 billion. Just under 69, but where they are trading now. We should see them spike. At the open, it is about consolidation, in an industry with a state of decline. Newport combined to try to compete. World marlboro this is about trying to consolidate to compete. A huge market share. What about regulatory concerns . This raises a lot of question marks. What they are doing to try to allay regulators concerns is they are selling off assets, as we expect them to do. England, a company will try to buy another menthol business. Americans are smoking less and less and menthol sales are surprisingly resilient. Selling to appease regulators. What is interesting is theyre we know thef ceo of reynolds. She smokes ecigarettes. A lot of people thought this would play on the future of ecigarettes but they will sell off. The bet on ecigarettes, then, where do they all fit here . A good
not great. investors are not happy. and the stock is hitting new lows. today, we ll hear from someone that has some advice for mark zuckerberg. he s been in the shoes before. bob pisani at the nyse and brian shactman is here with me. tyler is on vacation today. we ll rejoin them in a minute. we ll get to bob but first two key euro quotes. quote number one, a joint communique of german chancellor and french president saying we re deeply committed to the integrity of the eurozone. they are determined to do everything to protect the eurozone. number two, it s not obvious to me why spain needs a full bailout. end quote. and now the imf is weighing in just a short time ago. spain s government, they say, could lose market access if they fail to get the budget deficit under control. another day of ups and downs. rights and lefts. all over europe. u.s. markets doing pretty well, though, bob. where do we stand on all of this? determined to do everything. that sounds like mario d