Expected job report from the fed. Were going to talk a lot about that this morning. In the meantime, take a look at what happened overnight in asia. The nikkei was up a quarter of a percentage point. Markets higher in china too with the shanghai up. 60 . Hang sang putting in a similar gain. If you take a look at whats happening in the early trading in europe, things are mixed at this point. Dax is up a third of a percent. Cac is up just under. 20 . Ftse is down. 20 and check out crude oil price this is morning, up 1 settling in just under 45 for wti. Among stop stories. 65 billion transaction bayer hiking offer for monsanto to 127. 50 a share. Up from 125 offer. Monsanto acknowledging the latest offer. Calling the discussions con struckive. Have been in talk since may. Bayer believes acquiring the seed maker would position the firm to help farmers produce for a larger population. Well have a lot more on the potential deal in just a couple minutes with an analyst. Other news, volkswagen
Live outside the construction site of 49ers new stadium in santa clara. Where we are learning more about the worker killed it could take months they have told us that the jobs that has been deemed safe and permitted to be open. At first it was shock but now with tragic. The other fellow coworkers loosed their life. I think that has some and pretty quick after it is pretty emotional. A little banged up in there. Reporter or statements from the fortyniners and the Trucking Company our sincerest prayers are with the family and coworkers. The Steel Company says they extend their deepest sympathies to a family in france during this difficult time. A thousand prayers go out on this difficult time reporter this is not the first death at the 49ers stadim construction site. This past june, elevator mechanic donald white was killed on the job. The 63yearold died when he was hit by a counterweight in an elevator shaft. Like todays casualty. White was working for a subcontractor. When the accident
Data, adp lower than expected, Mortgage Apps dropped but markets quiet ahead to jobs friday. A new sense of confidence, General Motors signaling ceo mary bare barra will be cleared of any wrong doing. No signs of slowing sales. The it brand for todays youth second only to nike, the other fund mentals eroding, lack luster sales, coach and under armour. Pandora is falling in the premarket, investigation into how artists are paid royalties as pandora faces shareholders at its annual meeting an hour from now. First up the countdown to fridays jobs numbers heating up. Adp said the private sector added only 179,000 jobs, below the forecast of 210,000. Aprils gains will revise lower a touch, down to 215. Second low nest a year. The lowest since january. Certainly not what you want to see ahead of a friday. I dont get it. You have the auto sales number thats incredible. Youve got some amazing oil and gas hires. Its starting to spread into other states that didnt get a lot of business before. W
Account information stolen during the target Security Breach is now being divvied off and sold regionally. Two mexican citizens were arrested at the u. S. Border in connection with 96 credit cards. Federal Officials Say there is no connection between those arrests and the retailers credit card data theft. Lenovo has reportedly in talk toes buy ibms server unit. And an experimental roach schizophrenia drug misses two gomes in late stage trials. Its kind of hard to read serious stories as the Peoples Court theme is playing here. You have to keep your game face on. It was a test of your professionalism. Its the equivalent of playing the super bowl in 20 below or Something Like that. You really did well with that, i think. Thats why im here. Ive got to ask you, theyre beating on the revenues, but missing on the profits . I dont remember ever seeing that. Usually its the reverse, right. The top line has been weak, the bottom line has been weak. They do every to offset to the to the bien lin
Crossing the wires. It is official. Joseph a. Bank is acquiring eddie bower for more than 800 million in cash and stocks. Talks will be rooub roumored ea this morning. Joseph a. Bank does have the right to end that agreement if it receives an acquisition bid that et feels would create more shareholder value. Joesest a. Bank and menswearhouse have made bids in the last few months. Andrew, youve had some pretty strong thoughts about this move when it was first rumored that it might be happening. This is the talk to the hand because its nanny, nanny, nanny. Yeah. Craziness. We can talk about that more in just a moment. Weve got some frozennomics to talk about first. The unusually harsh winter will be trimming 0. 3 Percentage Points from gdp this quarter pulling q1s annualized growth rate down to 2. 2 . The weather has closed businesses. Its disrupted transportation supply chains and kept a lot of shoppers at home. Among the other drags on the economy, energy bills as consumers have to pay