And after the comcast time warner deal yesterday another merger has just been announced. A purchase. Joseph a bank will buy the eddie bauer brand. The deal comes after joseph a bank flirted with a merger with mens wearhouse. Why are we so obsessed with using the word merger . I think joseph a banks i think i want to flirt with that. Cristina alesci is here now. You talk about mens wearhouse, joseph a bank. Forust to make clear viewers what i am talking about, because it is part of the bloomberg way, there is no such thing as a merger. It is one the company acquiring another. Was it a good purchase . No, investors are reacting pretty negatively. Shares in the premarket were dropping for joseph a bank. It looks a little bit confusing. Bankmonths ago joseph a made an aggressive quasioffer. Now they are going into a completely different business, the casual down market. I didnt know eddie bauer still existed. It was not a publicly traded company. They got the listed when it was taken priva
A fire on mount diablo is threatening homes. As hot temperatures and wind gusts make the blaze even harder to battle. An update, ahead. A vote on syria stalls in Congress Ahead of the president s speech. Why the Obama Administration is being cautious about a potential diplomatic breakthrough. And could there be a new iphone in the making . Well take a look at what we could find out today at apples latest conference. Good morning everyone im james fletcher. And im anny hong. Thanks for joining us. Your kron 4 7 day around the bay that cool down with temperatures for the most part are bright for they should be for this time with no hotspots and some overnight road work but really nothing to that is going to slow you down. This is a live look to the approach to the bay bridge with no meter and light to deal with. The san mateo lights a fire on mount diablo is on to our top story this morning. A wildfire burning in a bay area Wilderness Park is growing forcing more people to leave their ho
Hedge the geopolitical dynamics this morning. We begin with a big shakeup in the Dow Jones Industrial average. Nike and visa replacing alcoa, hp and bank of america in the benchmark index. But the markets dow included still facing head winds. President obama making his case for the nation tonight for action in syria. Mcdonalds samestore sales handily beating expectations with europe leading the charge. And just hours from now apple expected to unveil new versions of its iphone and other select products but could it have Something Else up its sleeve . But well begin with goldman, visa and nike being added to the blue chip index at the close of trading september 20th. Theyll replace bank of america, Hewlett Packard and alcoa. The indices says the changes were because of the low stock prices and the desire to diversify the sector and industry representation in the dow. Interestingly, although goldman, nike and visa are all beating the doubt for the year, hp is the best performance compone
Todays investment ideas good morning its wednesday september 1 in todays first look Trading Floors from lasalle street to wall street. Will pause at the start of the trading day for a moment of silence to remember the tragic events of september 11, 2001. The president offered words of hope to a possble peaceful resoltion to the Syrian Crisis in his prime time speech last night. Ahead of his remarks. Ahead of the president s speech. Stocks took off with a the dow racingup 128 points, nasdaq 23 and s p higher by 12. Commodities collapsed with gold falling 22 dollars. And oil losing 2. 23. And, chipmaker Texas Instruments has narrowed is outlook for the 3rd quarter. Larry shover of sfg alternatives joins us on this 9 11 trading day. Good morning to you larry and i would think thered be some heavy hearts that are trading today with a lot of people thinking about what happened in new york and around the country on this date. Yeah i think youre right, i mean 12 years ago it seems like a long
Here is william longeness with an update. They been walking last 12 hours we just had a thunderstorm. You can see some are still taking cover under the trees and under the canopies that they can find. The real story right now is the president of mexico. It is telling the United States one thing that he is doing everything to stop the caravan. But also telling guatemala and honduras something else. That is offering safe passage according to the Mexican Press to the immigrants in the interior department salmonella, priority a shelter and assistance for the migrants. They will spent the night here, they also seeking a 45 day transit visa if you will to go through mexico to the u. S. Border. We dont know what will happen when they get there. The report u. S. Has reportedly signed agreement with mexico. Two things are different. Number one, people are required to file for asylum in mexico. If they fail to do that, the u. S. Can turn away women and children. Secondly, we have always taken cu