Already. Enough and the vote counting on the action of syria begins this week. The road map starts with microsoft buying nokias hand business. A former executive there rejo rejoining the company and seen as a potential replacement for Steve Ballmer. And the Third Largest deal in corporate history, verizon paying 130 billion to buy out their venture. We will speak to the ceo in a few minutes. And a global data and continuing pause in syria have the markets poised to open sharply higher. After two years of striking a windows partnership with nokia, microsoft has agreed to acquire the handphone business. Also, stephen elop will be returning to microsoft, and this is what Steve Ballmer had to say about it earlier this morning on the New York Stock Exchange. We need to make shure that the microsoft acquisition goes flawlessly and not sustain the momentum, but accelerate. We know how the Work Together with the partnership, and we are glad to have stephen come back to microsoft, and much of t
With the averages roaring higher at the open only to pull back over the course at one point, before ultimately trading back up dow edging higher, advancing, nasdaq climbing. 63 . What is ailing this market . I think its the fact that people expect too much from it. They want a perfect world, something they arent going to get, some combination of low Interest Rates, cheap stock prices, the resignation of Bashar Al Assad in syria. High commodity prices, but low inflation, a president that says no new taxes and that congress that says we need to help create more jobs and were not going to worry about paying for it right now. I say, dream on. You arent going to get that combination. Its too much. Those leaning toward the bear camp, you need to settle for the following. One, while rates have, indeed and are going higher, theyre no longer climbing at a breakdown pace they should so frighten you with their backing and filling along the journey to a 3 ten year. This market can handle a 3 figur
On retail sales. Janet yellen and more more. Peter cook looks at regulatory issues behind the comcast time warner deal. We look at the stock moves in the 45 billion acquisition. Good afternoon. One thing thats important to note about this acquisition is its a stock transaction. Shareholders will get stock of comcast in return for this deal. They are going to get 2. 875 for every time warner share they old. That values the company at about 17 higher than yesterdays close. If you look at the Time Warner Cable shares today, youll notice theorizing which is what you might expect but they are trading below that offer price. There could be a couple of reasons behind that. First of all, comcast shares are declining so the value of the bid is declining to some extent. Second of all, its going to take a long time for this deal to close. It could be the end of 2014. And third of all, and of course peter is going to get more into this is the Regulatory Risk associated with this deal. Thats why th
I think we should give full disclosier first. Comcast is the parent of our company, cnbc. By the way, the ceos of both companies, they were be joining david faber right here on squawk box coming up at 7 00 eastern time. Ive already had i was walking and thinking im going to leave this show with neither rain nor sleet nor dark of night. And i saw that was written into the prompter and i thought for a second, whose motto is that . The post office. Who wants to compare comcast to the post office . No one wants to be compared to the post office. I get my mail every day. You once talked about how effective they were and then we talked about they lose 8 billion a quarter. I want the post office toen continue. And i certainly dont want to make any postal workers mad. Should we talk about this . I think we should talk about it now. Its worth talking about. It has a lot of ramifications. Did we just pull the rug out from under them . I think charter eped it to be done, right . He wanted someone
Terrible battleground, when it should be at peace. And we saw this once again today with the averages roaring higher at the open only to pull back over the course of the session. At one point in the red before ultimately trading back up, dow edging higher, s p advancing, nasdaq climbing. 63 . What is ailing this market . I think its the fact that people expect too much from it. They want a perfect world, they want something they arent going to get, some combination of low Interest Rates, cheap stock prices, the resignation of Bashar Al Assad in syria. Higher commodity prices, but low inflation, a president that says no new taxes and a congress that says we need to help create more jobs and were not going to worry about paying for it right now. I say, dream on. You arent going to get that combination. Its too much. Those leaning toward the bear camp, you need to settle for the following. One, while rates have, indeed and are going higher, theyre no longer climbing at a breakneck pace th