Target to 1,000 a share. And with the gap reporting, if that is where it stands, it is not a pretty picture. And steph any link with amazon, and you bought the stock today . Well, i did, and i have been underweight, and it is painful. It reminds me of the g. E. Story last year where not a lot of people owneded it and it crept higher, but it is doing well suns the report, but it is a disrupter, because they are killing everybody, and it is hard to ignore if you will. And they aws is the exciting part of the story, but that grew 64 , and the margins expanded 5 in that segment alone with 27 growth in north american retail, and these are the numbers that you cannot ignore. And the port fol e owe wants a big a part of the benchmark, so i nibbled. And you have said on this program, that those would not allow you to go near it . It is very hard, and i missed a nice move as a result of that, and you have to separate why, and figure out why do you want to own it . For the retail piece or the cl
Airline outperforms rivals proposing a special dividend for shareholders. And european car sales continue to reboind. Renault and toyota leading the way. Daimler gains ground on its luxury peers. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Okay. A warm welcome to todays Worldwide Exchange. Were an hour into the session here in europe. You can see stocks in the red, 9 to 1 decliners outpacing advancers just about on the Dow Jones Stoxx 600. We are at the lows of the session, albeit only 60 minutes in. Speaking at the reuterss Global Investment summit, carl icahn says valuations are rich. Later on on his website, carl icahn elaborated saying while hes concerned about market levels, its almost impossible to predict whats going to happen in the shortterm. So he says at times like this, he hedges his investment to some extent and icahn says picking up shortterm moves is market is predicting how many sevens the hot dice player will continue
Buy, neutral, comes after young sales in china disappointed on some can chicken issues there. Thats one to follow. Goldman downgrading shares of young. Linked in, buy ahead of earnings. Buy toll. Virtual, doc. Gap stores, 34. Long ieo and Energy Player etf. I think it goes higher. That does it for us. Dont forts to catch more fast at 5 00 p. M. , follow me on twitter and scott wapner cnbc. Power lunch starts right now. Indeed it does. Welcome to power lunch, everybody. Bulls, large and in charge. The dow trying to wipe out mondays triple digit loss. We have two breaking news stories this hour. President obama to speak in 15 minutes time. He will ask congress to come up with shortterm packages to put off automotiatic spending cuts. Hampton, we begin with you, Budget Office right now releasing its budget and economic outlook. Give us details. Reporter the Budget Office, assumes no change in current laws, 2013 fiscal year budget deficit, 845 billion. Cbo projects first time below 1 trilli
The percentage might look small, but the amount of money i think is robust enough for allowing us to have a great future. The u. S. Senate prepares for a hearing today on the use of force in syria while the u. N. Endorses a military response. Very good morning to you. Microsoft is buying Nokia Smartphone business for 7. 2 billion. The deal which includes licenses of nokias patents. This is microsofts second biggest acquisition behind the purchase of skype. Microsoft will use some of its near 70 billion in overseas cash to pay for the deal. Nokia was an early supporter of Microsofts Windows phone software for its lumia smartphones. The ceo steve balmer says the Company Started discussing a deal before the noble World Congress in february. Microsoft will bring on several nokia executives including the ceo who joins the company. Hes seen as a possible candidate to replace balmer when he steps down in the next year. The nokia chairman takes over as interim ceo. As far as the stocks are con
Charles it ultimately will happen. We have had storms for a long time in this world. They do not want information buried in the debate. That is what is really ruining it. Dagen and connell, it is yours. Dagen im Dagen Mcdowell speak. I am connell mcshane. Today, we have the numbers. Dagen attorney eric holder will be coming up next. Connell Immigration Reform. Topic number one at the white house this morning. We have lou dobbs here to talk to us about it. Dagen the billions of dollars in time and fuel being wasted because we are stuck in traffic. Connell at the top of the hour, lets go to Nicole Petallides. A big day for dell. Nicole a big day indeed. Right now, you can see it up at 1339. That is because of the deal michael dell is going to be moving forward. Obviously, we have been talking about this. Microsoft putting up 2 billion in this deal. Silverlake also moving forward. It is something that we have been following. Today is the day that it is actually moving forward. That is why