The transports to record highs again today. Plus the grocery wars are heating up again. This time walmart is making a newing a b decision to go after amaz amazon very interesting a lot of people in new york city are very excited about it. Well explain coming up in a little bit. Good for brooklyn. We start with our top story right now, executives from two scandalridden companies have been meeting facetoface with lawmakers on capitol hill today. Cnbc cnbcs wilfred frost has the highlights of the wells fargo hearing, about millions of unauthorized accounts opened by that company and aditi roy has the latest on the exequifaxs ceo, the attack that compromised the data after more than 145 million milliamericans. Aditi, start us off. Reporter former equifax ceo Richard Smith was grilled for close to three hours by about two dozen lawmakers. As he headed out of the hearing, i asked him about the breach he remained tight lipped eped a walked past our cameras. Gave an eight page remark before he
Demand outlet. We begin with a bshb inbev agre to a deal. Johnson johnson has a mixed quarter. And twitter raising their guidance for the Third Quarter but making job cuts official as well. First up, anheuser busch, inbev and miller agreeing in personal on a deal in which ab would inquire sab for 104 million. That would have about onethird of the global beer market. Its the biggest deal ever in consumer staples. The fifth biggest mma transaction in history. Well see if if happt happens. It probably is going to happen at this point. A couple weeks we will have a definitive agreement what they call in the uk a rule 2. 7 filing. Simply giving us more details on the deal. For most peoples purposes, this deal is done. Lets consider is a done deal in terms of papering. Well see from here some of the more specifics. This then starts a process by which both companies certainly will need to go about divesting assets around the globe. One of the keys, as our viewers know, jim and i talked about
Hearing from honeywell as well. A few reports of note, 9 15 eastern time Industrial Production and then at 10 00 its Consumer Sentiment and the jolts report. Thats the job earnings and Labor Turnover survey thats closely watched. Big stories this morning, investors putting money to work in the latest week. The u. S. Stock based mutual funds attracted 2. 5 billion. This reversal following 8 billion of outflows during the prior week. Also in global news a big test for greeks left wing Prime Minister today. A penalty for early retirement and expansion of property tax. Cleveland fed president is addressing recent assent among policy makers. They have had different views on Monetary Policy in the last week. This isnt surprising and is the result of what she is calling cross currents in the Economic Data. She argues the central bank is trying to be as clear as it can on its rational for policy. Esther, who is there . Esther george was but loretta is an old name isnt it . Like a classic name.
Of course, you know that cant be true. Not every headline matters to the stock market. No matter how official and full of gravitas it might sound, but how the heck are you supposed to tell the difference between what matters and what doesnt . In this world of of information overload, how do you know what truly deserves your attention and what you can pass on . We have so much time to spend doing your portfolio each week so you have to use your time wisely and i have on sift through squawk on the street, you never really have time to ask, does that even matter . You just presume it has import. Thats why for my new book, get rich carefully, i will through five years of actionable orders plus. Com and thats the Charitable Trust i talk about to see which pieces of data were worth paying attention to and which were hyped and unimportant. Because i think this is a really crucial subject, so now i want to share with you my findings so you could be a more media savvy investor in the environmen
What the heck is whatsapp and who are the overnight billionaires behind it . Hewlettpackard, is the computermakers turn around still clicking . What you need to know at any time about hps Earnings Report. Good evening everyone and welcome, susie gharib has the night off. A big bounce back in the markets today with the major averages gaining back nearly all of wednesdays losses. Stocks got a big lift from some encouraging economic data. A private reading on u. S. Manufacturing in january show factory activity expanded at the fastest pace in nearly four years despite the weather. Also helping, a dip in firsttime jobless claims last week, a sign that layoffs are low and inflation is in check with Consumer Prices risinrising. 10 the s p 500 added 11 points. A lot of the buzz on wall street today was about two Big Companies that millions of americans patronize every day. Walmart and facebook. Shares of the retail giant fell nearly 2 today, the biggest decliner in the dow following a disappo