Shares of the morning times up. As the president would say bigley on the back of its strong earnings. The ceo of the nyt joins us live. Power lunch starts right now. Welcome to power lunch. Im michelle carusocabrera. Major averages are lower but Holding Steady ahead of the fed decision. This move in the nasdaq down 29 points. Right now thats the biggest drop in more than a month. The nasdaq still off lows of the day. Check out whats moving, a retail wreck this hour. Groupon and etsy leading declines on the back of their weak earnings. Groupon down 15 and etsy is down almost 10 . Melissa . Im melissa lee. Puerto rico announcing a historic debt restructuring on a portion of its 70 billion of debt. The move comes after talks with bondholders failed fbi director james comey grilled defending his decision last year, just days before the president ial election to reopen an investigation into Hillary Clintons email. And facebook making a major move to crack down inappropriate material. The so
The biggest mover when you get sort of adjustments, well, a little bit. But not really. 2. 35. Kind of hanging in there. Crude oil has been one of the bigger stories of the week of course with its significant drop over lets call it the last week or so. Oh, its a crash. Crash. I would put it when you have its almost one of the things that we have to talk about was there two hedge funds somebody didnt liquidate it. 53 or 54, straight line, i think it borders on a crash. Straight line. One of the stories were following this morning. Lets get to the others and our road map it starts with of course the u. S. Employer employment picture. U. S. Employers picking up the pace of hiring. The Unemployment Rate fell to the lowest level in nearly a decade. Plus oracle of omaha, is r ouring is osouring on ibm. Jim and i may wonder what took him so long. A warning to the Trump Administration. Ges jeff immelt calling on government to try harder to avoid the protectionist policies and to level the Play
The falloutcoming up. Another road block to report over ubers use of software to avoid local regulators. We have the very latest. Auto maker laying more than 100 workers due to weak demand. What that says about the sector. The april jobs report on deck, due out in about two hours. 158,000 185,000 jobs in the month. Our monthly jobs story coming up this morning. Big story for market this is week. Crude oil at lowest level since november, take a lock. We are seeing a bit of a recovery this morning, down a penny, 45. 51. Prices down 5 in the week alone. Markets will open open mixed, dow industrials expected to be down and fraction, nasdaq up a fraction, of course, the jobs report will set the tone for markets and whether he get that number in two and a half hours. In europe ahead of french vote, big story in europe, election sunday night, the markets there are mixed, ftse up a fraction, dax index down a third of a percent. In asia overnight markets were lower, nikkei average and kospi sti
We will watch that all weekend long. Our reporters are ready as liz clam does get set to spend the weekend with warren. We are live in omaha nebraska. At the gigantic annual Shareholder Meeting. Some 38 plus a thousand people already streaming into the center of it all. And guess what, the actual meeting doesnt begin until tomorrow. But before that after the bell we are getting earnings. We will get you a preview. We are less than an hour to the closing bell. Lets start the countdown. Okay here we go. Im Connell Mcshane in new york. Im at the century link arena. Tens of thousands of people havent started to flood the area. Why, for these two guys. Tomorrow they will take the stage here at the century like youre talking about an 86yearold man and a 93 yearold vice chairman. Sitting on an empty stage talking about the economy about business in the more than 80 businesses they own and it will sell out more than nickel back, queen and yes indeed paul mccartney. Why does this matter. Its ve
Disadvantage. That was a predeal with 108 dividend payout ratio projected for next year. Post deal, down to 70. The growth from enterprise r revenue at level three and synergies offset the declines and you fast forward and the new company two years out is a 2 grower at the top line. Not a 2 shrinker. We have the opportunity to take the best of both cultures, the best of century link and apply it across the bigger asset base. When do you see a deal 40 cash flow, increases the asset mix and the stock trades down . So management doesnt come together or you use the football analogy with the patriots not keeping tom brady on the bench. What happens if they give you the heisman . I think were in the fourth quarter. Were sharing this today. Weve had great constructive dialogue so far. We told them we would be sharing an idea. Theyve responded constructively. And then i believe the idea will snowball. I believe stakeholders will get behind this and that we can get this to happen. My goal is ge