Modest growth as new initiatives in mobile and other areas kick in. The stock went slightly crazy, got a huge boost after alibaba rolled its results. Forget what is happening at yahoo at this point. Its almost insignificant at this point. Yahoo owns 24 of the chinese ecommerce alibaba. They made more than double the amount they made for the same period a year ago. Revenue jumping 66 to 3. 1 billion. Alibaba plans to file paperwork as early as next week, thats what everyone is excited about, about this potential ipo offering on an american exchange. They are debating whether theyll go with the nasdaq or the new york stock exchange. The sale could be the largest ipo in American History if the companys valuation could reach, what some people are saying could be as high as 200 billion. Jerry yang of yahoo always gets a hard time because he is he the one that made this investment. People thought he screwed yahoo up forever. God bless jerry yang. He saved this company. Marissa meyer should t
Im not saying theyre bad people but some really bad decisions were made in six months leading up. Two other big ones were made i think it was a 16 person Security Team led by colonel wood who said we wanted to stay in country and they were not allowed to stay in country. Is also a request for a plane. Apparently that evening or a dc3 that was denied earlier, maybe about six month before the attack. That plane wouldve been important. There was a struggle that evening to get permission to get a plan. I think the c. 30 they were trying to get on with a libyan plane. There were some bad decisions made, and this doesnt make the people who made the decisions bad people but they were bad decisions that were made. There was request for security that were turned down throughout the six months preceding the attack on benghazi though a lot of money was spent on things that i think most americans would say are frivolous and maybe not part of the Immediate Mission of the state department. Ill give
June 24th and then theres oil, wow, up 16 in two weeks and well talk about why you should expect sticker shock at the gas station in a few moments. First up, as we said, the dow closed yesterdays session up 118 points and thats back from may 28. Futures indicate we are likely to open above that level and charge toward the intraday high of 15. 542. This coming on the latest message of Monetary Policy delivered late yesterday. The dual mandate is to pursue maximum employment and price stability. Currently, zee an Unemployment Rate of 7. 6 which i think if anything, overstates the health of our labor markets. On price stability, inflation is 9 which is below our 2 objective and so both sides of our mandate, and both the employment side and the inflation side are saying that we need to be more accommodative. All right, jim. Lets kick this off here. A, lets just talk welcome back. Oh, thank you. Were going to talk about your vacation a little bit later. Our faces going to get ripped off tod
Burgeoning middle class, but for hardscrabble factory workers mounting protests against unlivable wages and working conditions. Ifill and Vice President joe biden hangs out with Hari Sreenivasan on google plus to talk about gun violence. Make your voices heard. This town listens when people rise up and speak. Ifill thats all ahead on tonights newshour. Major funding for the pbs newshour has been provided by and by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Brown the u. S. Military has a new order of the day working up plans for putting women on the front lines. The process was set in motion today at the pentagon. Not everyone is going to be able to be a combat soldier.
Crash victims planned a protest outside that meeting. Phil lebeau will join us from detroit at the top of the next hour. Im sure well get an opportunity to talk to him about what this is all about. Web hosting company go daddy filing for an ipo up to 100 million. It said 100. 100 million. I could help them with that if i owned the entire company. You could. You could. Thats an important word, million. Could have been priced at 100. Could have been 100 a share. Who knows half the time. Thats what makes it the job would get dull. Right. Just reading stuff without actually its almost like a puzzle, almost like a puzzle of what were trying to say. If it was just reading, none of us would be we dont want to do that. No word on which exchange godaddy intends to list on or the symbol it would adopt. Go daddy perhaps best known for one of our favorite guests on this program, future race car driver danica patrick. The company was founded in 1997, acquired in 2011, kkr and silver lake. They had