The cost is eye popping. All that and more tonight on nightly Business Report for monday, july 29th. Good evening, everyone. Big dollars pouring in to big deals today with three multibillion dollar mergers, two of the Worlds Largest advertising agencies agreed to merge. France will create a new ad biamus. And the scale and power to better compete for digital ad space. Also today, a big deal in the Luxury Retail space. Canadas Largest Department store chain, which already owns lord taylor is paying about two and a half billion dollars in cash for saks 5th avenue. The company will have 320 stores in some of the biggest cities in north america. A mega pharmaceutical merger, perago is paying for alon corp. , opening the way for it to move to ireland for much lower tax rate and to expand into italy. A smaller deal to tell you about, Sinclair Broadcasting group is buying eight abc affiliates along with a 24hour cable news channel in washington, d. C. , for just under 100 billion. The current
Stocks . Youre being hit with unexpected fees, its legal, and the cost is eye popping. All that and more tonight on nightly Business Report for monday, july 29th. Good evening, everyone. Big dollars pouring in to big deals today with three multibillion dollar mergers, two of the Worlds Largest advertising agencies agreed to merge. France will create a new ad biamus. And the scale and power to better compete for digital ad space. Also today, a big deal in the Luxury Retail space. Canadas Largest Department store chain, which already owns lord taylor is paying about two and a half billion dollars in cash for saks 5th avenue. The company will have 320 stores in some of the biggest cities in north america. A mega pharmaceutical merger, perago is paying for alon corp. , opening the way for it to move to ireland for much lower tax rate and to expand into italy. A smaller deal to tell you about, Sinclair Broadcasting group is buying eight abc affiliates along with a 24hour cable news channel
Among the catalysts, the stock manag market is higher. The passengers said if its moving forward at a normal speed, you still feel the water, obviously, but when its just floating, i guess every wave in the ocean. Oh, my god. I cant imagine a worse scenario. I guess theyre sitting there listing. Plus the boat is listing, too. Part of the problem was when the fire occurred, it knocked out some sort of a stabilization thing. And theyre not saying its not material, either, at this point. With the coverage of this and hearing about this, if you were on the fence thinking you might go ahead and book a cruise is that whats going to hurt the earnings or is it just the government of the pop . Disney i dont know if they own them or Nbc Universal doesnt. How does anyone book who walks across the plank and gets on that . Literally, if you were thinking about it and in the last five years, cant you go back . How about the one over in the mediterranean . Its upside down, isnt it . Right off italy,
But are consumers in the mood to buy . Well ask the ceo of macys himself as we look ahead on sunday morning futures. The House Judiciary Committee planning to hold a hearing on what it says is, quote, president obamas power grab. This following the president s announcement last week of unilateral executive action on immigration. Congressman Bob Goodlatte is the chairman of that committee. Congressman, good to have you on the program. Good to be with you, maria, and your viewers. So what is the response to the president s action . Well, we have a number of avenues to pursue, and there are lots of consultations going on about that right now. But we can take spending actions. We can take legislative action. We can take legal action. And there are a lot of different ways to do each one. Weve now seen the president s specific proposal for a couple days now, and my staff and many other members of congress and others are hard at work examining the correct approach, but i can assure you one th
Out the winner in the deal, russia or the u. S. . And the ports on the west coast shocking our economy with a big black eye. Now the president is getting involved. Our panel and i look ahead on sunday morning futures. Well, the Iraqi Military put to the test, holding off isis militants at the al assad air base, where some 300 u. S. Marines have been training those iraqi soldiers. Meanwhile, here in the u. S. Congress is debating the aumf, that is the authorization for military force allowing president ial war powers to go after isis. Congressman peter king is part of the committee on Homeland Security, where he trains the subcommittee on counterterrorism and intelligence. Good to have you on the program, welcome back. Maria, good to be with you, thank you. First, lets talk about this authorization for military work that the president is looking for. How will you vote, what are you hearing from your colleagues in congress . Maria, i would have to vote against the authorization the way i