Our road map begins with a 20 billion deal. Freeport mcmoran getting into the Energy Business making two acquisitions. Plains exploration and mcmoran exploration. Concerns over the u. S. Economy as adp misses estimates. The blame goes to superstorm sandy. Goldman says the party is officially over for gold. Starbucks at an investors conference will add 1,500 stores in the u. S. Over the next five years. Wait until you hear what they said about china. A big day in media. Pandora ceo joins us live later this morning as the stock fell nearly 20 on weak guidance and netflix signs a big exclusive with disney. How much are they having to pay up for that . Lets deal with this big deal. As ive been telling you well see a lot of big deals i was wrong. Here we are. Freeport mcmoran buying not one but two companies. The combined price if you add it all together gets close to 20 billion. That does include debt. Lets go through some of the details. Its somewhat complex. Lets start with bigger of the
Hes just wrapped up a visit to boston where he fronted an impassioned rally in defense of his health care, hardline, no backing down and he gave no quarter and importantly, no delay. Thats what he seems to be against and the president is most insistent and defiant against criticses of obama care. Take a listen. Nobodys losing their right to Health Care Coverage, and no Insurance Company will ever be able to deny you coverage or drop you as a customer altogether. Those days are over and thats the truth. That is the truth. All right. Well get to Fact Checking in just a minute. The president was in boston because he wanted to use romney care as an example of a slow starting, but Successful Health care reform law. Listen to this one. And by the way, all the all the parade of horribles, the worst predictions about Health Care Reform in massachusetts never came true. All right. Now cnbc had a special producer factchecking the president s speech and he looked into this claim right away and he
Railro. Tyler, well find out. Its not entirely clear theyve receive the governor if he comes to fort lee. The story of governor chris christ christie, has changed. Today for the better part of two hours the blunt nono sense governor answered questions in trenton, apologized repeatedly. He was sad, had to inv in the traffic closures clearly done as a political vendetta against the mayor of fort lee and the straighttalking postpartisan governor insisted he is not a bully. No. Im not. I mean, listen, kelly, politics aint bean bag. Okay . And everybody in the country who engages in politics knows that. On the other hand, thats very, very different, that saying, that, someones a bully. Now, out of a job effective immediately, bridget kel. The governors deputy chief of staff who wrote the now infamous email in september, time for some traffic problems in fort lee after the mayor of that borough apparently was not going to endorse christie in his reelection campaign. Chris christie has said a
I am not surprised. Bitcoin is a wild and crazy digital asset, but it is absolutely not money. Anyone putting real dough into this thing should tread very lightly. All those stories and much more coming up in the kudlow report, beginning right now. Good evening, everyone. This is the kudlow report. We are live at 7 00 p. M. Eastern, 4 00 p. M. Pacific. Lets start in with the markets. A lot of people worried how we would start off with the week following 500 points of near losses last week. Sheila is here with the details. Good evening, larry. We did have another down day in the markets, a carryover effect from last weeks selloff. Investors still concerned about the emerging markets we were just talking about and of course the fed and the tapering decision. Heres the things the decline wasnt as bad as you might have expected. Dow jones industrial average falling 41 points or just a third of a percent. S p 500 falling a half person today. Technology was the worstperforming group. Industr
On that decision, jerry baker, will join us tonight live. Well talk about the dow, syria and much more. The kudlow report begins right now. Good evening, everyone, im larry kudlow. All right, president obama appears to be backing away from military strikes in syria in favor of a diplomatic resolution that would put syrias chemical weapons under international control. Heres what defense secretary chuck hagel said about the diplomatic option on capitol hill today. All of us are hopeful that this option might be a real solution to this crisis. Yet, we must be very clear eyed and ensure it is not a stalling tactic by syria and its russian patrons. For this diplomatic option to have a chance of succeeding the threat of a u. S. Military action, the credible, real threat of u. S. Military action must continue. All right. My quick take on this, the putin plan is a ruse. Its a poorly bated trap for the u. S. Assad cannot be trusted. This u. N. Plan is going to keep him in power and assad will n