The rallys sales. We only need a gain of about eight points for a new high. Were already up 60, and thats even off the highs of the day here, kelly. Thats right. So, were sitting at 17,120 on the dow. There are reverberations from yellens remarks, particularly in biotech, down today. That may speak all more to the strength were seeing across the Broader Market here. Obviously, keeping an eye on the big names involved in the mega deal you mentioned, we should note right off the bat, shares of fox are down almost 4 . Shares of time warner are surging today. Cnbc first to report that Rupert Murdochs 21st century fox is trying to buy the company, even though time warner is saying no. Murdoch is apparently pressing. We will speak with former universal chairman bob wright, who knows all the players involved here, about how this might play out. Will murdoch add to his empire . How much could it cost him when all is said and done . And does it make sense in this environment . Well talk to bob
Some 93 minutes ago. Malaysia Airlines Says it lost contact with the plane over Ukrainian Air space. Sue is out today. Kayla is at the new york stock exchange. Hi, kayla. Hi, tyler. Good morning to you. We have Live Team Coverage of this story beginning at the top of this hour. We start with chief International Correspondent Michelle Carusocabrera. Michelle, we want to get to the latest from you, but nbc news is reporting that u. S. Commercial flights have been prohibit from flying in that air space for fear Something Like this could happen. The faa apparently issued a notice in april about this. What else do we know about this region and what some of the response has been . That notice was specifically about the crimea region. They were concerned about that. Two new things to show and tell you as well. Well show you some photos that reuters has sent over, but they have taken them directly from russian 24. This is a network in russia. It appeared to show photos of debris of the plane o
France and italy are positive. The dax in germany lower by a fraction of 1 . In asia, major markets are mixed at this hour among the headlines out of the region. Growth in Chinese Services sector slipping to a sixmonth low in july. The nonmanufacturing pmi showed new orders rose at the weakest rate in at least a year. Brian, the nikkei is down slightly but the rest of the major averages across asia are slightly higher. Kayla, thank you very much. Folks do think its a slow summer week. You better think again because another big round of earnings are coming your way. Among the Companies Set to post numbers this week, aig, disney, time warner, aol, fox, cbs, wendys and hundreds more. The wall street journal reporting overall revenue in s p 500 companies seat to rise 4. 3 from last years second quarter. And that, folks, marks the fastest growth since the Fourth Quarter of 2013. The article also notes other companies that have already reported their earnings. Twothirds have beat the sales t
We are going be talking about it literally almost every 15 minutes over the next thee hours. Keep your eyes on attention on inflation. And the june Consumer Price index, economists say headline cpi likely rose 0. 3 . Also worth watching, existing home sales for june coming out at 10 00 a. M. Eastern time and sales expected to rise by 2. 2 there. A dip from jumps that we had seen the previous month. Joseph kernen, i see you staring at a screen. What do you see . Dupont. Its a couple of cents shy. 11. 17 was the estimate. Its posting 1. 15, but the revenue number is above, which will be interesting if they miss on no, its operating earnings of 1. 17. So right in line. Operating earnings, 1. 17. So in line with expectations. And the revenue number is slightly above. We were looking for 9. 7852. And i think we got above that. Maybe that is that Second Quarter sales . 9. 71. So maybe its in line with expectations. The dividend has been no, revenue is 10. 11. So sales, they obviously have so
The Berkshire Hathway giant is going to be investing in the form of preferred shares in that inversion trng. Berkshire is expected to provide about 25 of the financing of that action. He should say that they teamed up before with hiez. In that particular case, he had gotten a 9 coupon. We will see what they are going to be paying for the berkshire name. Sources telling me literally five minutes before we came on the show that the transaction, they were trying to sign that transaction up literally in the next couple of hours. So we will bring that news to you as it comes. We should tell you this morning, amazon buying Live Streaming Gaming Network twitch interactive for backside 970 million in cash. It is the largest in amazons 20year history. Twitch allows users to message other players during live play. The ecommerce giant hoping the acquisition will help it better compete with apple and going t in the fast growing space of Online Gaming. More than 70 of Online Google sales coming in