Falling apart. We heard from andrew that apple was none too happy about that video. I bet. I bet. It was 3. 2 is what it was supposed to be. 200 million. 200 million for saying that. You get fined for talking. What i like about the deal is that everyone hates the deal. 3 billion for apple. Theyre streaming, theyre hip. Reconnect and restart the hipness of their music business. Which is what both of those guys can bring to apple. Right. In hindsight i dont understand why its such a big deal, especially when you have whatsapp out there for 19 billion. We overlook other things and then 3 billion maybe because they look cheap. Apple has always invented itself but tim cook pointed out himself, thats not the case. Weve made 17 acquisitions over the last couple of years. Weve had, you know, i dont know whether cheap is a good thing or not. Each of my kids has had two or three pairs of these. Were still on our first pair for each of them. You are . Yes. They want this pair for whatever reason.
Have chinese central bng. People saying that peoples bank of china injecting liquidity into the system and concerns of underlying the shakiness globally of markets and those macro worries of the chinese economy and willing to we should put it this way. One central bank or another or all of them. Upstaged our own fed. Other thing thats happening is a shocker in the Hedge Fund Industry. The California Public employees retirement industry, the nations Largest Pension Fund and done investing in hedge funds. This, again, one of the first to go into the investing in hedge funds. Saying the results dont justify the high expenses. Speaking to a reporter that broke the story and find out how the Hedge Fund Industry is reacting. Yeah. Could be the tip of the iceberg. Thiss the fear in hedge fund in business. If the biggest goes, would others follow . Well talk about that coming up. A lot of excitement, of course, the alibaba ipo on friday. But our own Herb Greenberg isnt sold on the chinese ecom
Into the fiscal year the yearly budget short fall hasnt been this low since 2008. On the jobs front, the Labor Department says more people are quitting their jobs. Thats actually a positive since it means they either have or are confident they can get a new one. The Federal Reserve says the Home Mortgage market improved with banks easing up on lending standards for borrowers with good credit. The National Federation of independent Business Reports smaller optimism ticked higher in july, a good sign as we push through the third quarter. This week well see if American Consumers can keep the optimism on the up swung as some of the biggest retail chains post Second Quarter earnings. Analysts are hoping for a big turn around from a disastrous start with wick kid Winter Weather keeping shoppers at home. Will this quarter be better, and which retailers will stand out . Reporter the retail earnings story is a tale of two. The Bloomingdale Stores is one of the higher end success stories. When i
Missing Malaysian Air flight. There are now more calls to install new technology so that passenger planes will always be in communication with an airport as we were discussing here yesterday. Absolutely. But get this, joining us today is a former pilot who has flown that same route between c cue kuala lumpur and beijing. An exclusive interview with john watson. His company just announcing it will be cutting production three years from now. Why . And whats changed . Well get answers to that. His view on oil prices and a lot more coming up with the ceo again just after the close. And two doctors with very different views will be joining us. One who says hydrowill start killing people the moment it is released. Its a highly controversial drug thats received fda approval. There are plenty of people who say it should not have. Remember the sgr thats a pretty powerful statement. First to markets where the dow off 80 points as we speak. Nasdaq off about 3 4 of 1 . Down 32 points. And the s p
Into the fiscal year the yearly budget short fall hasnt been this low since 2008. On the jobs front, the Labor Department says more people are quitting their jobs. Thats actually a positive since it means they either have or are confident they can get a new one. The Federal Reserve says the Home Mortgage market improved with banks easing up on lending standards for borrowers with good credit. The National Federation of independent Business Reports smaller optimism ticked higher in july, a good sign as we push through the third quarter. This week well see if American Consumers can keep the optimism on the up swung as some of the biggest retail chains post Second Quarter earnings. Analysts are hoping for a big turn around from a disastrous start with wick kid Winter Weather keeping shoppers at home. Will this quarter be better, and which retailers will stand out . Reporter the retail earnings story is a tale of two. The Bloomingdale Stores is one of the higher end success stories. When i