Be near. Well give you the latest reporting on that potential deal between the studios and the writers. And the fed is Holding Rates Steady, signaling it will keep rates higher for longer. Deal of the day, cisco agreeing to acquire splunk. Both companies cite what they call complementary capabilities in a. I. And security. Splunks gary steele is going to be part of ciscos executive leadership team, reporting to chair and Ceo Chuck Robbins and both gentlemen are going to join us exclusively at 9 15 this morning in about 15 minutes, jim. I think this is terrific, and i will tell you why. What cisco tried to do for a long time is have a lot of recurring revenue, and splunk is nothing but recurring revenue. Cisco has tried to be a major factor in cybersecurity. We know its incredibly important. Splunk will give them the opportunity. They had a Smaller Division that does cybersecurity. Its not been that much of a winner, frankly. In the meantime, gary steele has taken the company, and david
Nasdaq tipping. 05 . At one point they were all down much more than that. It is more important to focus on what this deal is all about and not what it looks like on the surface. Yahoo is a once Great Company eviscerated by its competitors by being run into the ground by ceo marissa. Yahoo went up against facebook and alphabet. Two companies with superior fire power. She certainly made money for shareholders by holding on to the company steaks in alibaba in japan. Hey, it could have been a lot worse. When you look at the numbers, yahoo is up roughly 150 since mayer took over four years ago. Doesnt that matter . That is not a horrible track record. The main story is what verizon had to do. The move it had to make in order to cell more cell phone subscriptions. I have felt this way since the ceo of verizon told us on mad money he might want to buy yahoo back in february. Why not add yahoo . It doesnt cost much. At the right price i think some of their assets under aol would be a good thin
Should be on fire right now, but instead they are houses on fire. And theres no letting up in the flames even as the averages rebounded hard today after opec announced it might cut back half a Million Barrels of production in november. I think this is more of the same where they rumor the price higher, which worked again, taking oil up almost 5 , and then kind of do nothing meaningful, which is also what keeps happening on these kinds of deals. Nevertheless, as i have said over and over again to you, anything that drives oil higher takes stocks higher, and thats the dow ultimately gaining 111 points, s p climbing 0. 53 , nasdaq advancing 0. 24 . The linkage remains that great even as i urge you to be skeptical of any socalled deals when there is such a worldwide glut of oil, one that would need millions of barrels to be cut, not less than a million. This means the amount will not give you a lasting impact. I want to talk about whats happening with these beleaguered groups i mentioned e
Instead they are houses on fire. And theres no letting up in the flames even as the averages rebounded hard today after opec announced it might cut back half a Million Barrels of production in november. I think this is more of the same where they rumor the price higher, which worked again, taking oil up almost 5 , and then kind of do nothing meaningful, which is also what keeps happening on these kinds of deals. Nevertheless, as i have said over and over again to you, anything that drives oil higher takes stocks higher, and thats sure what happened today with the doti points, s p climbing 0. 53 , nasdaq advancing 0. 24 . The linkage remains that great even as i urge you to be skeptical of any socalled deals when there is such a worldwide glut of oil, one that would need millions of barrels to be cut, not less than a million. This means the amount will not give you a lasting impact. I want to talk about whats happening with these beleaguered groups i mentioned earlier as the quarter win
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