San francisco, welcome to bloomberg west, where we Cover Technology and the future of business. I am cory johnson. Oil prices on the rebound, brent crude continuing to bounce off the bottom, and brent crude rallied from their low last month, and the head of Capital Management on the impact of oil. Good news about the oil side is it is good for the economy. There are a lot of consumers who have more money in their pocket today than they had six months ago. And the economy even before the gas prices went down was doing pretty well. Cory gains across the board. And j. M. Smucker buying a pet brand company, a deal valued at 500 billion. The cash and stock deal boosting debt. They make kibbles and bits, meow mix, and other classic pet treats. . 4 billion in sales for fiscal year 2016. And apple has raised 6. 5 billion in its latest bond sales, taking advantage of lower interest rates, and the 30year deal has got a 3. 45 coupon. 158 billion of overseas cash without having to repatriate it an
Media companies that are reshaping our world. After months of speculation, nearly 4 million public comments. Fcc chairman tom wheeler has finally outlined his Net Neutrality program. The key takeaway, proteciton of an open internet and regulating the internet as utility. He writes in an oped at wired magazine online, im submitting not a lot of big surprising news, but i must say that i think it is a disappointing move. It is largely an overblown response into a narrow question of what sort of Legal Authority that at the need to police the open internet. I am disappointed. You are disappointed because they are trying to change what disappoints you about it . Title two, there are all sorts of legal entities we crossed into. A big part of the open question is how the fcc will do the forbearance process . There are provisions of title two that just about everyone agrees are outdated and unnecessary. Give me one example. They were written when people were using homing pigeons to communicate
Neutrality program. The key takeaway, protection of an open internet and regulating the internet as utility. He writes in an oped at wired magazine online, im submitting to my colleagues the strongest open internet protections ever proposed by the fcc. These enforceable rules will ban paid prioritization and the blocking and throttling of lawful content and services. I propose to fully apply for the First Time Ever those bright line rules to mobile broad band. I spoke with chris lewis and doug break. Not a lot of big surprising news, but i must say that i think it is a disappointing move. It is largely an overblown response into a narrow question of what sort of Legal Authority that at the need to police the open internet. I am disappointed. You are disappointed because they are trying to change what disappoints you about it . Title two, there are all sorts of legal entities we crossed into. A big part of the open question is how the fcc will do the forbearance process . There are prov
In u. S. History is on the books. One big winner was dish network and. Here is the controversy. This is a big business with 14 billion in sales. They used loopholes to get a Small Business price break in the auction. They claimed 3 billion in discounts. The fcc director is livid. The results were amazing. They showed once again that Consumers Want and need better wireless connectivity. I think its too early to say what to make of the winning bidders. They have a lot of spectrum. When you look at their use of this loophole to qualify as a Small Business, partnering with some entities, you have seen this coming . I dont think anybody could see it coming to this extent. That is part of whats creating such outrage. Its a front to wireless entrepreneurs for whom these discounts were intended to go. Claiming 3 billion worth of discounts makes a mockery of the program. What was the purpose . What was it intended to do . Congress directed the fcc to set up a program to help small entrepreneurs
Area of that city. Thats where nbc bay areas Stephanie Chuang is there this morning. Steph, authorities looking for this driver and the Community Just devastated. Reporter thats right, good morning to you, scott. Absolutely emotional morning here. Witnesses we spoke with this morning say that the 14yearold boy was actually half way through the crosswalk when he was struck by the car and the impact so great it sent him 40 to 50 feet to where the memorial continues to grow since this morning, people have been adding flowers and messages, balloons, stuffed animals, and light more candles honoring a life taken way too soon. Nobody could replace ivan. God has taken an angel. Reporter she grabbed her three sons tighter, emotional thinking of the 14 year old she also considered to be a son, a boy who lost his life after a driver trying to get away from police took ivan cruz and took off. The scooter she was driving fell in the middle of the street, eventually taken by investigators, a scooter