Basis points reduction and that has perhaps helped. Certainly in the uk itself as you see the ftse 100 up 1. 3 . Our 10year note yield hovering lets call it around the 1. 5 level and crude, which has been an important story in the movement of our broader markets during the course of this week, look the that, flat, 40. 83 after dropping below 40 this week. Lets get to our road map and it does start with the bank of england rate cut as it ripples across the globe. Markets we will get mark carneys take. Major media earnings, fox and viacom shares both moving this morning in different directions. Whats behind the quarters at fox and viacom, what about the turmoil. Frankly at both companies. Tesla misses estimates, but that didnt stifel, what is this all in the family, stifel elon musks optimism. We hear his outlook for the companys future. Futures on the rise a bit this day after the dow broke that sevenday losing streak. The bank of england cutting its benchmark Interest Rate for the Firs
Also some tech m a. Oracle buying netsuite for 9. 3 billion in cash. That makes it the second biggest acquisition ever. Thats behind the 10 plus billion dollar acquisition just over ten years ago. Just had a conversation with people familiar with oracle speaking on this and i was wondering right now because larry and his Family Organization connected to him own about 40 of netsuite. This deal looks more expensive than oracle has been paying for cloud acquisition. So why do this now . It turns out if you look at what oracle has been up to over the past couple of years, they have been building out cloud infrastructure. Paying a lot of money for the Data Center Resources needed to become the Cloud Company that they want to be. They needed to get there before they could do this netsuite deal and make it flow and work and create the company and similar to if youre building out hotels you need to build the hotels before you can have the tenants actually make money. Thats something behind thi
In a moment. In the meantime take a look at u. S. Equity futures. Dow was down a couple of points yesterday. Looks like s p up and nasdaq up by 14. Lets take a look at stocks to watch today. Shares of rack space. Market valuation of 3 billion before the report of a possible sale. Fire yief announcing plans to layoff workers. Missed its own forecast of the company cut its full year outlook. Zynga releasing a weak outlook. Active users fell. And restaurant chain poe yolo co. Matched the estimates and what is that now, up 8 yesterday. Lets take a look at the broader markets this morning. We showed you the futures are in positive territory. If you take a look at the early markets in europe. There are gains there once again. Looks like the dax is up bailey. The cac is up half a percent and the ftse after the gains we saw in the market there yesterday as the bank of england voted not only to ease Interest Rates by 25 basis points, but also to add a lot of additional quantitative easing and o
1. 56. And japan has moved up. Theres another big story for the markets. Crude hanging right around that 40 level. Left out by a thread. Okay. Lot of cliches today. More coming of course. Including our road map. Pfizer lower, while Procter Gamble is higher. Were going to dig into both of those reports. Warren buffett slamming donald trump while campaigning for Hillary Clinton last night in omaha. And shares of williams are higher this morning on earning. I talk to the ceo about cutting its dividend. Saga with. And more. All right. As the dough looks to break the six session losing streak, pfizer beating the street with Quarterly Results. Helped by new sales. Procter gambles Fourth Quarter results also ahead of consensus but the company says it expects currency fluctuations to disproportionately effect Current Quarter earnings. Where do we start . Why dont we start with proctor. The fact is the organic quote buzz. The last Conference Call was really widely about currency issues. So they
A lot of anyway snaysayers. Smart money, right or wrong . Smart money right in terms of weve had an incredible run to the up side, considering where we came from brexit. Rather be in the market an buy cheap protection. Paul briton on, talking about volatility, we bring it up constantly. If you can ride this market, this bull, youve been able to ride probably the last couple of hundred points in the s p because of the fact low volatility has given the opportunity to buy that protection at a cheap level. If you werent doing that, and youre just sticking with these stocks, i do think youre playing with fire. At some point in time were going to see a pullback. Werther that means 5 , 10 , whatever, i dont think you should be in the market if you dont have protection. Josh, it started back in april. Paul singer make as great deal of sense to own gold. Stan druckenmiller, bull market exhausting itself. Get out of the stock market. Icahn, june, false market. Jim grant in july, still bullish to