Tmi. We have breaking economic news. Ism, nonmanufacturing index, has just come in below economist estimates. Michael mckee has the headlines. We are looking for 54. 7. A run ofe had such good economic business. It is disappointing when you look at the numbers underneath the headline. We saw the new orders index fall below 50, which is roughly fit dividing line for expansion or roughly the dividing line for expansion or contraction. The Business Activity index did not move at all. Concern but ite is something to watch. The thing everybody wants to talk about is that jobs report on friday, the unemployment and dekes rises. There may be some good news in this report. We will have to wait five days to find out. Tmobile and Verizon Wireless are swapping airwaves in a deal announced earlier this morning. It may tmobile him more attractive takeover target. Cristina alesci joins us now. It is a wonderful day for bankers. Payinge is essentially 2. 4 billion for low band spectrum. It is a kind
Lots of ground to cover this sunday morning. Lets get right to the latest on the search for flight 370. With the clock ticking down on the black box batteries, more ships and planes have joined the massive effort to identify debris. Abcs david wright is embedded in the search. Good morning, david. Reporter good morning. From the deck of the ocean shield, an australian vessel built to handle the roughest seas. Subantarctic conditions. This ship is now getting set to ship out into the search area. Itll take three to four days just to reach the search area. Hopefully by then, search teams will have found the debris field from flight 370. Ten planes out looking. Several reporting they have spotted objects in the water. But until surface vessels are able to retrieve them, we wont know if theyre from the missing plane. The ocean shield will be searching under the water, towing a u. S. Navy pinger locatering like this season. Listening for the beacons on the black boxes. How big a noise does
Every episode that has occurred that has caused commotion in the city has been ived a m ive admitted to my mistakes and said it would not happen p again and it has not happened again at the air canada centre. Of all things that we could start the show with. Good morning. Were in washington. It is thursday, november 14th. And with us onset, we have senior Political Editor sam stein. I cant stop laughing. Former treasury official and morning joe economic analyst Steve Rattner. White house correspondent for the Associated Press julia pace. And al hunt, met your producer last night at politico. Nice guy. We started the day in politics and proez prose, you had a sold out packed house. They not sam stein was going to be there. And there were a lot of republicans there. Youre drawing a republican crowd. This is politics and prose. Usually when i tell people, use my marxist joke, they all laugh. Last night, they stood up and applauded. So youre reaching out to a new Republican Party. It was am
Telecom mergers. Good morning. Multibillion dollar deal. A record high stock market and next week another reading on where we are in this stalled economy. My next guests know a thing or two about creating jobs and growth. He served as the chairman and ceo for five years and ran chrysler for several years. Bob is still leading and investing through his company. U. S. Corporate tax rate stands at 35 and that has motivated some of the largest cooperations to park their money overseas in countries that grab much less of a tax bite than we do. As f last year, nearly 2 trillion has been stored outside of our borders. Thats an increase from the year before. The top five are ge, microsoft, merk, and apple. The majority of fortune 500 companies permanently invest offshore and some have managed to avoid all taxes on profits. A u. S. Company can also buy a smaller foreign one and reincorporate as a nonu. S. Form to avoid u. S. Taxes. Pfizer could move to reincorporate in Great Britain if their de
Squawk on the street begins right now. Good wednesday morning. Welcome to squawk on the street. The shows going well already. Im carl, with melissa lee, jim cramer and david faber. We have earnings season officially under way. Courtesy of alcoa, some pretty decent sentiment this morning. Well talk about that with cramer in a moment. Europe, numbers over there as well. Germany Industrial Production did miss. Green arrows across the board from london to paris to frankfurt. Our road map kicks off with earnings season. Europe is better than expected, but does this set the tone for the season with goldman predicting the s p will be in a Holding Pattern for the first quarter. Apple at the low end. The journal reporting a cheaper iphone may be in the works. Is apple simply going to where the growth is, and a sign that margins may face more pressure . Yet another setback for boeing and the 787. Canceling a domestic flight after a computer erroneously signaled a brake problem. Clearwire gets a