That ups was denied. Good morning on this tuesday, everybody. You are watching Market Makers. Erik stephanie my boyfriend is that, you were missed. Big news today, we have fred smith today. Before that, lets get to the top stories in the morning. As i mentioned, fedex will be expanding into europe. The operator of the Worlds Largest Cargo Airline has agreed to buy struggling dutch the just ask company tnt express. The price, a cool 4. 8 billion in cash. More than two years ago, fedex competitor ups had to scrap its own bid to buy tnt. European regulars moved to block the deal. Fedex executives dont think they will have trouble getting this deal approved. We think this will be good for competition because at the moment there are two very strong claims in this particular segment of the market in europe. By putting tnt and fedex together, we think it creates a strong third competitor. That is why we are confident we will get regulatory approval. Stephanie tnt will try to appease regulator
Suntrust Robinson Humphries says the stock could nearly double in the first year after the twitter ipo. Adam Warren Buffett got a 10 billiondollar pay day by investing in Blue Chip Companies during the financial crisis. That is according to the wall street journal. Liz bigname investor phil falcone is barred from new yorks Insurance Industry following a settlement with the sec that prevents him for working in the securities business for an entire five years. Adam World Bank President Robert Zoellick is returning to goldman sachs. The latest example of resolving door between the government government sachs and wall street aft after the bell starts right now. Liz you would hardly call it a correction. We had a light day on wall street. Lets break down todays action my cox who says stocks may be heading lower if the stalemate continues. Mike gerka in the pits of the cme. Mike, give us a sense what is going on today. I dare say, 136 for the close. 136 lopped off the dow jones industrials,
One of the worlds most expensive foods. You to market maker know what . Bleh bleh. Rewind, good morning. Great to see you, matt miller. Im Stephanie Ruhle. Shafter. Im really excited to see the truffle piece. I dont like the taste or smell at all of truffles but i want to see it. It looks interesting. I was inside the kitchen at the four seasons and i like truffles, the way they smell and taste a not so much what they cost. Time now for the newsfeed feed. Hopefully we will get that right. Top business stories from around the world. A little more than four hours for now, janet yellen hosts her first News Conference as chair of the Federal Reserve. Fed policymakers are wrapping up their twoday meeting, its exciting. They are expected to cut another 2 billion from the bond buying program. Up shortat fedex came in the fiscal third quarter. I hope matt miller is listening to the Worlds Largest cargo whatne its guess they are blaming it on . Bad weather. 2 lucky winners split the 400 million
One. And springschming. Look at this here. I love doing this stuff. You know . Serious snowstorm, noreaster heading up the northeast coast. So button up. The midwest got it yesterday. This video from kansas city out there. The forecast is seven minutes away for the eastern seaboard. But first to sue at the nyse. Right now its sunny and a little bit brighter on wall street, but were going to start with gms mounting problems. One week before the big hearing in washington, Ceo Mary Barra will be on the hot seat as tyler said. The stock is down more than 7 in the last three weeks. Today its down almost another 2 . Phil lebeau live in chicago, he will bring us one of the attorneys suing gm in a moment. First, phil, a rundown of the companys problems as they stand. And they continue to mound, sue. The latest is a call saying the gm owners of the recalled vehicles, they should park them immediately. In fact, the attorney has filed a motion in federal court asking to issue a park it now alert
Barrons and Jonathan Hoenig of capitalist pig hedge fund. Jack, what do you think, does he have a shot at this one . I think he has a shot but problem with jumping on this, assuming the Defense Department says, sure, anybody can send a satellite off with top security. This is melissa he made it into the space industry. No one thought he could do that. This seems easier. I think he is capable technologically melissa he got the contract. He convinced them to give him a contract with spacex . This is highly sensitive stuff. They want to make sure he is a Good Relationship and doesnt turn into Edward Snowden guy on the. Look at phil falcone, that he went through with lightsquared and how he thought he had approval, from i think it was from the Justice Department to get that part of the satellite and he didnt. And it screwed up his whole business model. When you deal with the government it is very touchy. Listen, he is not betting the ranch. That was phils program he bet the ranch on that b