Decline but negotiations continue between two Food Industry giants. Unilever rebuffing merger proposal from kraft heinz in what would be one of the biggest deals ever. Plus stocks pull back. Was the record run for the dow and u. S. Markets overly bullish . And four weeks since taking the oath of office, President Trump tries to focus on jobs and manufacturing. Hell visit a boeing plant in South Carolina later this morning. First up though, kraft heinz looking to create a consumer powerhouse confirming it has made a takeover proposal to unilever. The initial proposals been rejected unilever saying it undervalues the company. But kraft says it looks forward to reaching an agreement with unilever, adds of course theres no guarantee one will be reached. We finally have some numbers to work with, david, and im sure you got so color behind that. Yeah, luckily able to speak to some people who, you know, at least are familiar with whats going on here. Why are we learning about this . Well, sto
But first we start off with major car trouble. March auto sales implying americas longrunning auto boom could be coming to a screeching halt. Phil . It may not be a complete stall. But this is certainly not good news for the auto industry. Take a look at the numbers for march. The sales rate was 16. 62 million. What were showing is the annual sales over the last six years. Last year hitting 17. 6 million. 16. 62, by the way, that is the lowest Monthly Sales rate since last june. If you look at what didnt sell as opposed to what did sell last month, down 1. 6 . May not sound like a lot, but its down 1. 6 . Cars continue to be a weak spot, down 10. 6 . Trucks and suvs, hanging in there with an increase of 5. 2 . The automakers are quick to point out that they cut back on their fleet sales in the month of march. Thats part of the explanation for why we saw weaker sales out there. But on the other end, youre seeing rising inventories and at the same time dealers across the country are all
With ann coulter . Reporter good morning, kris. I spoke with police right before this Community Event taking place behind me, and they made it clear they will be there for Uc Berkeley Police if they need help on this ann coulter visit thats taking place either this week or next week, but essentially this is the jurisdiction of Uc Berkeley Police, and they will be there for mutual aid. Of course, this whole firestorm started with ann coulter when her event was scheduled for this thursday. It was cancelled by University Officials due to security concerns, and then days later the university tried to reschedule that event to next week. Now in the meantime, student organizers are suing the university claiming they are restricting their free speech by cancelling the coulter event. And this all comes months after the Milo Yiannopoulos protest that turned violent in february. We spoke to students about the latest controversy. Im not a republican and i dont like ann coulter and not a fan of yia
As for european markets, you ask, lets take a look at how we fared on the big three or are faring. All up with the ftse in the uk the biggest gainer so far. The tenyear note yield, certainly a focus since the election. Wow, still cant quite get over it. 2. 228. Where were we before the election, 1. 7 . I checked in for refinancing and its already changed dramatically. You had to make your move. They adjusted that one so fast your head will spin. Oil up this morning, which is a bit of a change and brent crude at the bottom there. Our road map starts with another record close for the dow. Thats six Straight Days of gains, but the s p and nasdaq were down. Plus a beat in a race for home depot as retail earnings kick into high gear. And the white house transition continues. Mary jo whiteout at the s. E. C. As the Trump Administration begins to take shape. The dow aiming for a seventh straight day of gains after hitting a record high yesterday. Warren Buffetts Berkshire hathway buying airli
Exactly. I so i dont need to. Im sure theres a lot more viewers who join us as well at 9 00 a. M. Yeah, the ones who wake up after the football game. European markets certainly want to know about jim, they always ask, so we show them. There it is. Thats how were doing in the european markets and of course as we always do well show you the 10year note yield. Thats really been the story. Yes, thank you for saying that. Youre welcome. Approaching 2. 3, were back to where we were last december. Dollars very strong. Round tripped it. Yes. As this year gets towards its close. And theres crude down for the first time in a couple sessions. Last year at this time we were talking about three rate hikes. Its incredible were talking barely about one rate hike. If there was ever a reason why you would want three rate hikes, its the idea you have a president who favors tax cuts and more spending. Yeah. Its a combo we have not seen. No. And he may get. People do not understand how rare this is except