Pitch as its expected to field acquisition offers this week. And unexpected fireworks from the Vice President ial debate last night. Well look at the highlights and the impact on the campaign. Amazon hitting another alltime high yesterday. Announcing prime reading, which unlocks thousands of kindle books for free. What that means for the industry. But first up, twitter shares rising in the premarket amid some increasing talk about a possible sale of the company. Comes more than a week after david broke the news that twitter has received expressions of interest from a number of Tech Companies that are considering whether to make a bid for the social media company. Little more color being flushed out by some regarding splits on the board between av and dorsey, the role nodas had in sort of driving morale. Yeah, interesting story from bloomberg. Our reporting sort of is where it was, you know, perhaps it is this week as i last reported. There was a formalization, more or less of a process
Well have rob sands join us to discuss the outlook for the beer business, in which theres a lot of news in the beer business lately. Yes, there is. Meantime, constellation may be hitting new highs, but gopro sinking to an alltime low. One bull says this makes it a cantmiss buying opportunity right now. Thats coming up. Lets get to the markets for this wednesday. Dominic choo is covering all the action. And jackie will be checking in at the nymex. Dom, another volatile day here. The dow up 170plus points in one point. A lot of the themes that have been happening. You mentioned whats happening with energy and whatnot. We were just taking a look here. Up by about 8 , 9 . You can see this after the company yesterday slashed its board from 16 members down to nine, but then increased it by two to accommodate carl icahns board nominees. Oil, gas, copper, materials, energy. That big slide taking its toll. Earlier this morning, pure storage went public. Priced at 16 a share. They raised about 4
Our road map begins with another setback for chipotle. That e. Coli square worse than originally thought. And elon musks spacex makes history overnight. And an allstar team on selfdriving cars. How ford and google could be getting into business together. First up the final report card for Third Quarter gdp showing 2 growth. That data coming the morning after the major indices snap twoday losing streaks. Oil prices trying to rise from multiyear lows. We are starting to think about what 2016 will bring for some of these asset classes, jim. Yeah. Ive been noodling over this, going back and forth about what the analogy here. I feel this portion of Industrial America that is oil, natural gas, steel, iron, anything that we make, copper, anything that we produce, its almost like theyre folding like the dotcoms. They employed many more people. But the implosion that youre seeing theres a downgrade today of encana. One of the Great Oil Companies of our time. Theyve done everything right to be a
Falling short yesterday. Adp helps, up 281,000, above estimates, strongest number in almost two years. Tenyear yield crept up to 26, two days in a row now, the fed may fall behind, and yellen speaks at 11 00 a. M. , and u. K. Home prices surpassing the 2007 peak. Road map begins with dow 17,000, index closer to the landmark. Will that better than expected adp number get us there . Dimon diagnosed with throat cancer plans to run the bank as normal during treatment. Google buying songs for an unus closed amount. Gopro going negative. Stocks setting up for the first down session since going public. Dow inches closer to 17,000, new record, and s p and nasdaq at new highs, adp surpassed expectations ahead of jobs thursday, tomorrow. Improving by 281,000, estimate was 205. May unrevised. Economists do not tweak models on adp anymore because of new methodology, but its better than the alternative. The surface jobs, well, where were they created . I dont see them in retail. I dont see them in
This rebound got me thinking what the heck is going on . How can we turn this into a game plan. You have to go back to 1990 after iraq innovated kuwait to find back then in 1990 we heard secretary of state james baker always back channeling about reaching a peaceful solution to that crisis. Every friday we get a rally of short sellers minting money fearing a deal could be arrived at over the weekend. There was no deal, the market would fall hard on monday. We have a whole story derivative going on here. This time the war in ukraine doesnt directly involve us although sometimes it seems president obama hasnt gotten the memo. Todays rumor the Russian Military seems less poised to go to ukraine and more in standing down mode ignited the market reminding this has the market by the jugular. It is not iraq sore the fed. It is not the fed. Get some horse sense. If we go back to 1990 the invasion of kuwait triggered a global slow down. The buyers have been getting hair head slammed going by a