Three days in a row of 10 hours of netflix each day. Besides reading news. I had to catch up. Reading all news all weekend long. And watching. Lets get started with the headlines. Another home run for carl icahn. Forest labs agreed to be bought by actavis. Icahn has been pushing for sale for more than a year, he is the secondlargest shareholder in forest labs. Off. Rsistence pays he has threatened a proxy fight for the last three years. To appease them, the company give him some seats on the board and he got his guy as ceo. As a result, you get the outcome that carl icahn wanted all along. Forest labs to be bought out. He is different from the other activist investors. How many years has he been invested here . At least three. Lets not forget the fact that he came into the stock saying it does not have scale, it does not have a sales force that is as strong as the other players. Forest is of the day, not a slamdunk hit for activists. It has a problem developing new drugs ever since its
Mean big gains for democrats in this years elections. Market makers in new york city. Super bowl time for us. They earnings. Nobody loves banks more than a eric and ive. We have heard from jpmorgan and wells fargo, two very different stories. Scarlet fu is in the newsroom to break data numbers. Jpmorgan, their three year streak of record earnings has come to an end because a lot of onetime items. There is a settlement tied to bernie made offs ponzi scheme. Analysts like to call it a noisy quarter when you strip out some of those onetime items, jpmorgan reported a profit beat of the dollar or descends us versus the consensus of 1. 37. They profit beat of 1. 40. A rain check on commenting whether they would have a decline in earnings. What we learned from the Earnings Report in the Fourth Quarter of the treaded friends continuing to improve at jpmorgan even though trading revenue and equities did mi mis. Investment banking fees were higher than anticipated thanks to an increase in ipos a
Onthis is Market Makers bloomberg television. I am Erik Schatzker here with every role. Apple investors have not had a day like this in two years. The stock is up 7. 3 on the back of surprisingly strong iphone sales plus an increase in apples buyback and a big stock split. Editor Bloomberg News tom giles in our San Francisco bureau this morning. Tom, if we had to distinguish results foriphone sure and some of the other metrics in apples Earnings Report and the buyback and the stock split, which seems the most important from an investors perspective this morning . Balance, the market is telling us loud and clear they like what they heard from apple. They like the iphone news, they like being news about the buyback, the dividend, the stock split, all things we have not heard a lot from apple recently, as much as investors would have liked. Callsok has been facing from carl icahn and other investors, returned that catch, you were at 150 billion of that is more than enough, tim, get some o
Things better for families and kids. Garrett tenney live in washington in marchs, if you want to make midterm elections about immigration, bring it on. The president said thats a fight hes willing to have. A fight organizers of these marchs want to have as well. There are more than 17 across, in washington, d. C. The largest, marchers to Trump International hotel heading towards the capitol. Thousands marchers marched in front of the white house to send message to the parents to allow parents with kids. Organizers are demanding three things, the reunification of family and into families being detained and elimination of the president s zero tolerance policy. The crowd took that message from the white house to the Justice Department and then to the National Mall and now here to Trump International hotel to change policy and marchs across the country argue the president s executive order ending separation of families is win for their and direct result of outcry in pressure of activists a