That is the highest level since early june. For the week prices were up 1. 9 . Adam Global Markets in advance discussions to merge with direct edge. That would create the worlds second biggest market operator. Liz moodys threatening to downgrade several big Financial Firms saying the government will more likely let large banks fail. If moodys follows through it could lower ratings of names like goldman sachs, jpmorgan and morgan stanley. Adam are you ready for football . Ad slots for the 2014 super bowl are 85 sold out that is according to fox sports. 90 of the space is expected to be sold by the time the nfl season kicks off in less than two weeks. After the bell starts right now. Liz what a week of news flow this entire week. So much happened for the markets. Lets break all the action. Sandy lincoln bmo chief Market Strategist and Mark Sebastion in the pits of cme. Mark, to you first. We finish out a week with drama and trauma. Lets talk about the headline that you feel is most impor
squeeze there. caterpillar having a good day today. the global machinery sales fell 9% in april as this is the biggest drop, it actually came in the asia pacific division where sales fell 20%. latin america was a bright spot, rising 28%. stock ended the day up. liz: chesapeake energy tapped robert lawler, a executive at anadarko to succeed chesapeake founder aubry mcclendon. he left the company in april. david: big shoes there to fill. yahoo! agreeing to buy social blogging site, tumblr for $1.1 billion in cash. a huge purchase. the company says tumblr will be independently operated as a separate business. they expect combination will grow traffic by 20%. liz: actavis agreed to acquire warner chilcott for $5 billion in all-stock deal. that will be the third largest specialty pharmaceutical player in the p.s. both names are moving higher. david: judd gregg, remember him, the form err u.s. senator has been advisor to goldman sachs. he was named ceo of the securities industry an