Later, the Consumer Confidence number is released for september. We were originally speccing Housing Starts at 8 30 eastern today. Permits will hit the tape, but the government is delaying the starts and completions again. They are still blaming the shutdown for this. The Commerce Department now plans to share that information on december 18th. We go from the economy to earnings. This mornings horts include hormel, tiffanys, and barns noble. Also, other market related news, takeover premiums are shrink to go historic lows. The wall street journal reports more than 9300 deals and so far this year the average premium has only by 19 of a target the week before. That compares to a historic average of 30 . Among those factor tos are booming economy, a worry Interest Rates will rise. Market vaum is an issue. You have to look in two different places to figure out what that word might be. Beyond the market is the other top story, the severe storm threatening parts of the country. The big mess
It is and thats because it has his back up against the wall. A tremendous amount of scrutiny not just from its Investor Base that mens wearhouse has taken this aga to the delaware courts where it had it has accused joseph a bank of measures that are inappropriate and defending itself against hostile bids by mens wearhouse. Accusingrhouse is joseph a Bank Management team and board of putting up high barriers to a deal such as a poisoned pill, such as creating a deal with eddie power to make it too big for mens warehouse to take over. All of those things mens wearhouse says is evidence that bqank is breaching its fiduciary it is by not coming to the table. Joseph a bank is forced to come to the table at this point and reconsider talks. How much more could joseph a one stock we are watching bank really debt out of mens today is google. Wearhouse . The company has rolled out my sources say that joseph a google fiber. This is the highspeed Digital Service network in solo select u. S. Cities
You do not want to miss. It is a crazy story weve been talking about for the past two weeks. John mcafee will be joining us live on camera at 8 40 a. M. Eastern. Were going to get the latest chapter in this mystery that has murder, mayhem and suspension. His life is the movie of the week, if you will, and we will have it live right here at 8 40. Please, do not miss that. Lets get you caught up on some of the other headlines this morning. House Speaker John Boehner and president obama met for the second time this week. Both parties are trying to avoid the fiscal cliff. The men had a frank discussion and the lines of communication remain open, although no specific details were released. The meeting came after frustration in washington. This was House Speaker boehner earlier in the day. Republicans want to solve this problem by getting the spending line down. The president wants to pretend the spending isnt a problem. Thats why we dont have an agreement. President obama remains hopeful th
And wendys. All of them reporting before the bell. After the bell, we get gap, monster beverage, salesforce. Com, splunk, and deckers. Lets get over to andrew with more of todays top stories. And andrew, good morning. Good morning, becky. Were watching shares of jcpenney. The stock spiking afterhours. The trouble retailer reported a loss of 68 Cents Per Share for the Fourth Quarter. That was smaller than expected. Revenue also missing, but heres the good news. The retailer is upping its samestore sales and Gross Profit Margin forecast for the year and youll want to keep your eyes on that. Jcp shares are down more than 30 so far this year. Well be talking more about jcpenney with dana telsey at 7 30 eastern time. Tesla raising cash to expand into the future. The company will be rolling out plans to build a factory and develop what its calling its gen3 mass market vehicle. It plans to build its gigafactory in arizona or texas. The Company Expects the company to run at about full capacity
But its a mostly positive picture in europe and the roadmap today starts with what else but the markets set to open higher yet again after comments from russian president Vladimir Putin but with the fed meeting kicking off today will stocks go back to trading on news from this country. After a long wait one of microsofts flagship programs is coming to your i pad, well tell you which one in just a moment. And theres a new player joining the used video game market and its the biggest retailer in this country. Find out if used games will boost walmarts stock a little later on this hour. Wow, we got a big day, jim, and most of the news today, the news flow, is coming out of russia. Yes. Putin is responsible for the futures being higher. Well, obviously took a big position at the close. Do you think that do you think facetious and here comes another facetious comment. I saw you said that norway and ireland are down. Dublin and oslo worried about putin coming in there. I love the idea that s