4 today hitting its lowest level in more than 4 years this despite the announcement that it is giving activist investors nelson peltz a seat on its board. With a techie dividend, widely held share base this might be one of the most tempting stocks to buy the question is simple though. Is this an ultimate value play or value trap . Guy . I would continue to say and i think weve been steadfast on this one, its a value trap. Now the good news i think today is heavy volume, yeah, traded 140 million shares typically trades about maybe 40 million or so. Thats a good sign maybe you flush a lot of people finally out of this name, but on friday while you were galavanting someplace and mcc was sitting in that middle seat, she asked a similar question and i said Thomas Edison could come back and run ge and that wouldnt save it ill say it again tonight. So are we getting towards interesting levels i would say yes. Only in terms of what we saw in terms of volume and in terms of what they saw you fo
Blade runners disappointing response this weekend. Look at amc down 7 , and regal down 4. 5 . Only did 31 million over the weekend, they were expecting double, more than that well talk about that. And a massive unity rally being held in sfan this weekend. Were going to look at what this all means for the countrys relationship with catalonia and its place in the European Union. Former head of the European Central bank, jeanclaude trichet, himself, will join us is a cnbc exclusive coming up looking forward to that very mump. First, Goldman Sachs out with a new note saying tax enthusiasm will outweigh an earnings slowdown this quarter a feud between President Trump and a key republican senator could put tax reform in jeopardy cnbcs editor at large john harwood has the details. Let me put it in a bigger picture. The feud with bob corker is one of many challenges facing this tax bill first of all, it doesnt help to antagonize the Committee Chairman as the president did over the weekend and
Really want real reform, we need to get rid of some of these things like loopholes only benefit private equity folks. I will explain that in a few minces for you. Senator Lindsey Graham calling for special counsels to investigate Hillary Clinton and the dems of their connection to the russian dossier and highly questionable russian uranium deal. First, adam shapiro with the latest on the tax bill as they tweek it. They have some tweaking to do, adam. Reporter they do have tweaking to do here, but the key here, trish, they have it finish this by thursday. The coal is this to be done before thanksgiving at least in the house. The issue you know are of contention with some members, not only of the committee but republicans in the house, deductions for state and local taxes, despite the fact they will keep the deduction for property taxes with a cap of 10,000. By the way, Tom Macarthur from new jersey, originally opposed to bill, now on board with that 10,000dollar cap on property taxes. T
Welcome to squawk on the street. We wake up another tweeter bomb. A big week with a fed decision. The fed near 20k. Europe is mixed. 10year 2 1 2. Oil up on the nonopec oil production. The road map with the negotiation of the president elect and an american company. Donald trump calling out the cost of the f35. Defense stocks are dropping in the premarket. Timing, another Company Trump has in the cites, boeing, a deal for 80 jets. The buyer iran. And the markets making new records. Oil prizes, as well ahead of the fed meeting which, of course, is wednesday. David with breaking news. We do. On a potential deal that will not happen. And that is involving viacom and cbs. Right now, the National Amusements, shareholder of both companies, led by Sherri Redstone and wanted to them to engage in talks designed to see whether they could come to a combination has withdrawal that proposal of viacom and cbs engage in the discussions. Reversing course in a sense and backing the new ceo at viacom an
Even the French State Television channel has reported that there was just one suspect but multiple witnesses claim there was more than one shooter. Its possible that theres multiple people. Its also possible that shooting happens in two locations. They didnt quite get it right. Overseas and here at home as well. This particular terrorist we can call him that now. Moments ago they take credit. Did he arrive today from belgium. That is what it looks like. Particularly the network angle is very important because theres also reporting that he used automatic weapons which are part of a roddick radical islamic network. The fact that it was used with that ak47 reportedly and the suspect may come from belgium is certainly indicates that there is a more involved attack then the driver who ran over people near londons Parliament Last month. What he make up the fact that the terrorists would attack a Police Officer rather than go into a crowded mall or something that wouldve have a higher body co