Manager. John halfer ford income trust. Fedex blasting away that Earnings Report leading to a huge rise in the value of that stock. Very shortly well have oracle reporting as well. Dennis will report that. We also have surprise visitors coming in including ron paul by the way toward the end of the hour. Tim, i want to go to you first, if i may, talk about who bernanke, bernanke is always talking about the economy. Always talking about unemployment motivating his decisions but to what extent was the Market Reaction the basis for his decision . That is, do you get a sense bernanke was playing to wall street in his decision today . If i would guess, david, i would guess he is playing to the Housing Market, maybe not so much wall street. Were stockpickers, not fedwatchers, but i think he was really spooked what the backup in rates could be doing to housing because housing has been one of the biggest drivers in the consumer led turn around. I think he was placing to the Housing Market, not
Already. Enough and the vote counting on the action of syria begins this week. The road map starts with microsoft buying nokias hand business. A former executive there rejo rejoining the company and seen as a potential replacement for Steve Ballmer. And the Third Largest deal in corporate history, verizon paying 130 billion to buy out their venture. We will speak to the ceo in a few minutes. And a global data and continuing pause in syria have the markets poised to open sharply higher. After two years of striking a windows partnership with nokia, microsoft has agreed to acquire the handphone business. Also, stephen elop will be returning to microsoft, and this is what Steve Ballmer had to say about it earlier this morning on the New York Stock Exchange. We need to make shure that the microsoft acquisition goes flawlessly and not sustain the momentum, but accelerate. We know how the Work Together with the partnership, and we are glad to have stephen come back to microsoft, and much of t
The percentage might look small, but the amount of money i think is robust enough for allowing us to have a great future. The u. S. Senate prepares for a hearing today on the use of force in syria while the u. N. Endorses a military response. Very good morning to you. Microsoft is buying Nokia Smartphone business for 7. 2 billion. The deal which includes licenses of nokias patents. This is microsofts second biggest acquisition behind the purchase of skype. Microsoft will use some of its near 70 billion in overseas cash to pay for the deal. Nokia was an early supporter of Microsofts Windows phone software for its lumia smartphones. The ceo steve balmer says the Company Started discussing a deal before the noble World Congress in february. Microsoft will bring on several nokia executives including the ceo who joins the company. Hes seen as a possible candidate to replace balmer when he steps down in the next year. The nokia chairman takes over as interim ceo. As far as the stocks are con
Odds since the beginning of august, thats when they were blacked out on time warner systems in los angeles, new york and dallas and smaller market as well. Well talk to a media analyst in the next half hour to see who came out as the big winner on this. Cbs, kind of thumping its chest. Well talk more about that. First, back to the tech story overnight out of europe, jon fortt talked to microsoft ceo Steve Ballmer an hour ago and joins us from san jose with the highlights. This caught a lot of people by surprise, jon. Not entirely surprising that microsoft would look at perhaps stephen elop as a ceo candidate, but the timing of picking up all of nokias devices and Services Business quite surprising. All the talk on twitter also over in germany where there is a major tech show kicking off that will be following throughout the week. I spoke to Steve Ballmer about an hour ago, first on cnbc interview. We talked about the join up of the two companies, we talked about stephen elop. Listen to
For its big event september 10th at its headquarters in cupertino, california. Its widely expected the tech company will unveil its next iphone kodak is expected to emerge from bankruptcy. The Iconic Company has been in chapter 11 for 20 months. Kodak will continue as a smaller Digital Imaging company. Investors holding old shares will be able to write it off as a tax loss. Larry shover of sfg alternatives joins us now. Larry, is this a high risk market . It is a high risk market but the good thing is when you talk about syria, and you talk about the summers appointment, the budget deficit, the fiscal cliff. These things have been known risks for about a month now so the market has had time to digest them so the reaction might not be as big as if it just came out of left field. Oil has been trending higher. Will that trend continue . Im afraid the oil trend will continue to be higher. Supplies have been really tight even before we had these problems persisting in the middle east. The t