Minute right now what we really want to do is talk about the hp xerox. Did we move that up well talk about that now because hp board unanimously rejected that bid from xerox to take over that company its weird it was like a reverse pacman a much Smaller Company buying a much bigger one. 22 a share is not in the best interest of its shareholders and undervalue hp. Letter to xerox ceo they sited the potential impact of outsized debt levels at the combined companys stock. They left the door open with the possibility of acquiring xerox. Looks like it would be a good deal but well take over you it was strange either way combined company same debt . Potentially it was odd when i was reading through the letters. Xerox saying they lined up what they thought could be financing that citi group could eventually get for them that seem like a couple stretches. We havent got the highly confident letter from the drexel days from citi on that. In the meantime, new this morning, fedex ceo fred smith is
Right now the green is the controlling color. The dow approaching 2,000. The s p and nasdaq on track for record closes to end out what has been a very eventful week. Lets get to eamon now for more on what we expect as we await President Trump. Its been to put it mildly a busy day in washington the drama is swirling here in washington today the president will be talking in the roosevelt room in a couple of minutes about this initiative that you just mentioned which is keeping Held Health Care costs lower by allowing customers to see what the prices are. The administration is talk about forcing hospitals and Insurance Companies now to disclose what the prices are they negotiate among themselves those negotiations behind closed doors now and the administration has been making the case today this is a shadowy Pricing System and customers are entirely unaware of what things cost and they cant make real choices about what their health care ought to be and how much it ought to cost. Thats the
Participate in the impeachment probe, which it calls illegitimate what do you mean youre not participating . [ laughter ] its its an impeachment inquiry, not secret santa. No, not for me this year. You dont get to choose whether you participate . Youre like a guy getting dragged away in handcuffs, screaming, im not participating in this arrest. [ laughter ] according to a new poll, 58 of americans support the opening of the impeachment inquiry into President Trump. So congratulations, man, youre finally polling above 50 . [ cheers and applause got it got it over the line a poll also states that 65 of women support the impeachment inquiry. Well, thank god they cant vote, said mike pence [ laughter ] what . They can since when . [ laughter ] according to politico, President Trumps sudden announcement that he would pull american troops out of syria caught National Security officials offguard, with one saying, quote, potus went rogue. Im sorry, he went rogue [ laughter ] hes always been ro
Power lunch starts right now taking a look at the markets. A bit of a mixed bag now back to the highs of the day. The nasdaq hitting a record level. The s p has yet to make its mark its still just barely sitting in the red melissa. The dow getting sent to new record highs to some surprising news on a dow component. Bob is at the New York Stock Exchange with the latest walgreens is reported to be exploring a potential going private deal with buy out firms. Thats according to reuters. This was halted on the nasdaq for volatility, not news pending. Its reopened up about 3 as for the broader market, a bigger break out may be near were only 10 of the s p at new highs. That could be about to change. Were seeing a significant number of stocks 2 or 3 below the new highs. Thats close enough to produce expansion. Big names shy of new highs discounters like walmart and ross stores. Home Improvement Stores like home depot. Some of this may be due to tax loss selling at the end of the month abating
Holds, ten year yield, getting in the area of 9 the road map begins with the trade rally. Future points to new record, china says it has agreed to hold back tariffs plus, takeover offer, getting my latest reporting on xeroxs bear hug of hp. Warren proposes a sitdown with the microsoft founder we will begin with futures fresh hopes of a trade agreement, giving stocks a boost. Chinas commerce says the u. S. Have agree ed to phase out the tariffs imposed during the trade war. They dont actually say a deal has been reached multiple reports from this one on qualcomm. Yeah, i dont trust them. Yesterday, they said the talks were elayed. Honestly, these people were members of the peoples republic it might as well be run by the 8th army can i tell you what might matter they signed a death warrant for someone who pushed fentanyl to us and two life sentences for their colleagues they did a twoyear stay of execution on the leader of this. But this is what President Trump is waiting for far more im