That the 85 billion acquisition would substantially lesson competition and also result in higher prices for consumers. In some other media merger news out there, the coke brothers are acquiring time, inc. , two titans that have been struggling. To inject some 500 million of equity into meredith if the deal ends up going through. Ride sharing company uber announcing that hackers stole the personal data of 57 Million People of both drivers and customers. They were able to obtain emails and addresses but not credit card info or Social Security numbers. Now, uber kept the data breach a secret for more than a year and paid 100,000 ransom to the hackers to delete the data and keep that breach quiet. Taking a look now at the markets for you. The dow, s p 500, and nasdaq all hitting records this week. Shares of the retailer amazon hitting alltime high. All major markets closing in the green this week. Maria, back over to you. The media has seen drastic changes over the last year. Martha stuart
Been so much under pressure of late that rotation coming amid new fears about the impact of the republican tax plan. Joe, yesterday we give up 300 dow points today we give up 60 and now were negative by nearly 20. Has this suddenly become a sell the rip market becauseof fears over taxes i think that in the tech sector, yes, for the near term, thats probably the strategy longer term i dont know if thats the right play but i do think in tech thats what you want to do you want to sell into strength right now, but, again, thats a very short lived phenomenon, and i think everything thats going on this month is very short term oriented youre seeing a lot of moves in the Derivatives Market that are predicating what were seeing in the larger equity markets themselves, but its all short term in nature and once you flip the calendar into january you need to understand that the fundamentals will return in january. I hear you on that, but im wondering, stef, what happens between now and the end of
I was concerned its just me i understand why they are now. Bb tceo will join us exclusively to talk about whats behind the decision for the company. I get it, oo, very funny, everybody. Show starts at 3 00. I was here at 2 59 59 and were also looking forward to talk to kelly king about bonus checks he is cutting to employees. Today we have bitcoin in fturmoi falling 40 from its record at one point. Well tell you whats behind the pledge, and why one planner is shelving his plans to begin a Crypto Hedge Fund. Countdown to christmas tomorrow is the second busiest shopping day of the year and our reporters are standing by to bring you the very latest right now. Courtney reagan, where else . Shes in a mall this time in queens, new york, with more on how the retailers are faring this Holiday Season. Morgan brennan with is us here at the New York Stock Exchange looking at how the Transportation Industry has been handling the shipping rush and has one big retailer reportedly looks to buy a log
Overnight in asia, the nikkei was closed for a bank holiday. If you look at the hang seng and shanghai, both with green arrows shanghai was up by 0. 2 . The hang seng up by 0. 10 looking at europe this morning, a bit of a mixed picture ftse slightly negative you can see both the cac and the dax are trading higher up by onethird of a percentage point each finally look at treasury yields. And yield weve been watching so closely on the tenyear, this morning sitting at 2. 451 . A couple things we are watching watching a lot of things airlines are celebrating the gop tax plan southwest and American Airlines both announcing they will give 1,000 bonuses to employees following that tax overhaul. Southwest specifically announced it will use the tax savings to buy new planes the company saying it intends to reinvest in the business, reward Share Holders and increase its investment with boeing to support future Growth Opportunities. The two Major Airlines are the latest businesses to pay bonuses
Roadmap begins with President Trump morking north koreas nukes and mega chinese deal block, and shares of intel are down reports the i. T. Industry is bracing for news of a major security flaw affecting intel chips. It did not take long for stocks to make history in 18, that is d nasdaq closed above 7,000 for first time best day since october 27th. Whats going on with tech . I think that the profit taking ended i believe that there was a huge amount of money that left tech and went over to industrials and a large part because the gains were so great, also because there was a feeling that you could select your lot because of the new tax code, it made sense and turn out it didnt matter. Whats really happening here, carl, it is just an unprecedented amount of research as possible. I sent i sent a list today, theres 35 upgrades and what happened is that nobody seemed to realize that nothing is built in every one of these notes is about how tax reform, tax reform or unbelievable Holiday Sea