All in the name of raising money for paid yediatric cancer and research. We have a number of speakers joining us live here throughout the next couple hours. There they are. We have nascar champion jeff gordon and cliff robins of bull harbor group, and a unique way to play streaming media, and, yes, involves teletubbies. Oh, boy, looking forward to that coming up. Green Light Capital statement e einhorn, bringing you all the headlines of what he talks about as soon as we get them, but we begin with apple crossing an important milestone today in terms of value. Bertha is at the nasdaq with that side of the story for us. Reporter yeah. Apples market cap today crossing 800 billion in market cap. It crossed 700 billion after blistering 37 gain the prior year. Already this year, apples up more than 32 notwithstanding iphone sale numbers in the most recent quarter. The stock is up 100 a share since tim cook took over as ceo in 2011. A gain of nearly 200 , and apple is a big catalyst behind th
In its life as a Public Company at least and the biggest u. S. Grocer m a deal ever. And for the purposes of our hour, which normally focus on tech, a nice intersection between an old, Old School Business and a new one. Its amazing. Just from a headline perspective and news that affects people, i cant remember a deal this big i mean, maybe aoltime warner, but you cant eat time warner. Its really a way of bringing things together unlike so many people who are this deal is amazing, i see a number of challenges, potential problems with this deal not necessarily getting consummated, but actually making it work. The logistics operation that you need to run a whole foods is way different from one that you need to distribute using ecommerce if i want cheerios and gatorade, whole foods doesnt sell that so how do you blend the whole foods operation for say produce with the stuff that most people eat yeah, i mean, how do you do all that and be successful while still running whole foods in a way
Getting through as many as we can. Its a jampacked two hours. Why niles shorts amazon on the back of the deal, and former walmart ceo, bill simon, why walmart has more to worry about other than amazon. Bill miller, a bull on the stock, and talking to him about valeant, and alexander accosta reacting to President Trumps comments on cuban policy lets get to it we have details of the amazons deal to buy whole foods and what it means for rivals. Mike, this is a little bit of what it means because ramifications have many, many ripple effects, but the deal to buy whole foods makes it amazons biggest acquisition to date, and one thats royaling grocery and retail stocks. Amazon says it will maintain the whole foods brand with the ceo and cofounder somedaying at the helm, for now. The overlapping is high already, and the stores are are located close to many amazon distribution centers, which is an interesting point the partnership certainly arms whole foods with logistics and data expertise, an
President s or Interest Rates or macro concerns, control their own destinies. Today we got some decent numbers from some major banks, and they cast a rosy glow over much of the session until some lateday profittaking came in and the bulls nemesis, oil, turned down. With the dow ultimately dipping five points, s p advancing just 0. 18 , but the nasdaq gaining 0. 48 to still one more alltime record. Who is in the playoffs next week . Lets start with tuesday since the markets are indeed closed for mlk day. Before the open, we hear from Morgan Stanley and united health. I like them both. I think Morgan Stanley can report a clean, Strong Quarter although i dont know if the reaction will be as positive as the other banks. In large part because theres investor enthusiasm for the deregulation agenda of president elect trump and Morgan Stanley has already withdrawn from some of the areas that had gotten overregulated. Still i think this franchise is undervalued even at its 52 week high. If youv
There you have it again, green arrows pretty much everywhere. The whole world is happy. Except for short sellers. And were watching crude prices this morning. Yesterday iraqs oil minister said the country should be exempt from joining opecs Production Cut embroiled in a war with islamic militants. Opec is planning to reduce production targets at the november meeting. Wti is lower by 5 cents but still at 50. 80. And scottrade is being acquired for 4 billion from ameritrade. Some competitor of scottrade said, why deal with us . We have a helicopter. No one really understood what was the because its successful. It trades more quickly to where they need to go by helicopter. It happens over the internet. So its confidence . A little bit of confidence. Interest rates are zero. Im confident, ill borrow money, too. A little confidence. People think the economy is a little better than we think. I dont think thats it. Well talk to the ceos at 7 00. For the media mega merger monday. I would argue