Our cold front is moving across the area the mor standpoint. Theres just no moisture to work with, and a rapid decrease in clouds is likely. Much of the day should be sunny with lighter wind and highs around 70. Plan on a nice night with clear and calm conditions. Our next weak system arrives Late Wednesday night into thursday morning and should offer up a chance of very light rain in the area. Cooler temperatures remain on track for thursday and friday in the wake of that small system, with a nice rebound for the weekend. Have a good y today mostly sunny. Nd 15. ght n low 48 tomorrow partly cloudy. Nd n 510. High 66 tom. Semitruck in waterloo last night led to a gasoline leak at a major intersection. Waterloo police say the crash happened at u. S. 218 and west 11th street around 8 50 last night. The semis gas tank was ripped open. Waterloo fire crews stopped the leak with a special putty. The crash is under in cedar falls, one person was hurt when a van hit their car. Police say it ha
This is bloomberg surveillance. Im mark barton in london. Thatme to have a sip of because we have an acceleration to the fastest pace this year, adding to evidence that growth is becoming more resilient. The pmi index, the composition index, rising to 53. 7 in october, from the 52. 6 in september. This is the fastest pace since the beginning of 2016. The recovery continuing at a steady if not spectacular pace in the face of headwinds from brexit, slowing trade, political uncertainty. Ecb supporting the economy with unprecedented stimulus that will come under review in december. Just want to show you whats happening to the markets today. The stoxx 600 trading higher. Last weekend it rose for the second consecutive week. Best run since september. Last weeks rise was the strongest in a month. Byres the euro stoxx 600 up 0. 75 . The euro is a little bit up now. Track force march, on the worst fourth weekly drop. It is all about divergence because the u. S. As many think is set to hike rate
Good morning, happy monday and welcome to world wild exchange. Im sara eisen sitting alongside don chu in for wilfred frost. We have a big story today. Huge deal in media and telecom. At t buying time warner for 107. 50 a share. Half in cash, half in stock. The total price tag equals more than 85 billion. Well have a lot on this story all hour long. But first, well check in on the broader markets after you can see time warner shares up almost 3 . A big pop already coming on the back of reports that this deal was in the works. At t the acquired shares down about 3 at this early hour. You can probably imagine that this merger is probably given a little bit of fuel for the bullish side of the market. If you look at equity futures right now, you can kind of see that story playing out as well. If you look at the dow, we are going to be up by 80 83 points at this point, thats the indicated point for u. S. Futures. The s p up by ten points and the nasdaq up by 26. And a little of that probabl
Welcome in, everybody, to power lunch. Im tyler mathisen. Glad you could join us. Three hours left in the trading session and stocks showing animal spirits. They are in the green. As you see, the dow industrials up about a third of a percent or 65 points. Ditto the s p 500, a third of a percent of 2148, thats a sevenpoint gain and the nasdaq leading the way up. 75 . Big winners, boeing, 3m and microsoft, microsoft trading at an all time nominal high. Im michelle carusocabrera. Here is what else is happening at this hour. Consumer reports naming lexus its most reliable automotive brand. More on that coming up in the next hour. Nike topping forbes list of most valuable sports brands. Oil cracking below 50 a barrel, right around 49, 50. Right now crude down 1. 9 . Back to you, tyler. Thank you very much. We got a big two hours ahead. But lets kick it all off with the deal of the year. At t, there you are, announcing plans to buy time warner for 85 billion. The ceos of both companies weigh
Why . Consider it overvalued. They may have the overvalued stocks that people cant live without. And, third, there are the stocks that actually represent living, breathing companies, not companies hostage to the overall gloom. They all combine. On todays like today, the bulls went out. Nasdaq climbing 1 . Lets start with the living breathing companies because thats all people were talking about today, namely the merger between at t and time warner. I right now i want to raise a larger point. The terrific ceo of time warner has been arguing with wall street for years claiming his company is worth substantially more than what its stock was selling for. While the stocks been a good one, i thought time warner traded at discount to what it was worth. The antinetwork bias has to do with time shifted programming and the endless talk about cord cutting. The Younger Generation just doesnt watch tv the way the older one does, and with a bunch of programming that wall street deems less relevant,