Is that he has a lot of interest in one of these companies, like he has a lot of at stake here and this is an unusual way to bring these two companies together and im not sure that it makes sense. I think he would like to have us look at it as becoming the leader of clean energy but its still, theres still a lot of questions about this deal and im not sure that it makes sense for investors for the company at all. Its not a done deal. Theres still a 45 day go shop period where any other suitors can make themselves known and musk is the largest shareholder in these two companies but it will be interesting to see how shareholders feel and how they vote about it and im wondering if you think that either of those hurdles will not be overcome by this deal. Yeah, i think its possible that the deal wont go through. It does seem though that they have kind of, you know, they have barrelled against kind of all opposition so far. So it does seem likely that the deal will go through. What will be t
Sectors have been red hot with home prices rising and auto sales near record levels but now there are new concerns about how long it may all last. And today worries about a Global Supply glut of oil crept back into the Energy Market sending domestic crude tumbling. First, housing. The good news, well, new home sales rebounded in february. The Commerce Department reported a 2 rise last month and januarys sales face was revised higher. Now for the bad. Most of that gain was concentrated in just one region. Sales in the west surged more than 38 but plunged 24 in the northeast. Nearly 18 in the midwest. And 4 in the south. And this skewed data may signal an unevenness in the Real Estate Market heading into the key spring selling season. Diana joins us with more on that. This is a big month for home sales. What does the data say about the state of the Housing Market . Reporter well, it says its coming back very slowly, sue, but in fits and starts as you said. You point to the west, we have
Home prices rising and auto sales near record levels but now there are new concerns about how long it may all last. And today worries about a Global Supply glut of oil crept back into the Energy Market sending domestic crude tumbling. First, housing. The good news, well, new home sales rebounded in february. The Commerce Department reported a 2 rise last month and januarys sales face was revised higher. Now for the bad. Most of that gain was concentrated in just one region. Sales in the west surged more than 38 but plunged 24 in the northeast. Nearly 18 in the midwest. And 4 in the south. And this skewed data may signal an unevenness in the Real Estate Market heading into the key spring selling season. Diana joins us with more on that. This is a big month for home sales. What does the data say about the state of the Housing Market . Reporter well, it says its coming back very slowly, sue, but in fits and starts as you said. You point to the west, we have to remember this is february so
Home prices rising and auto sales near record levels but now there are new concerns about how long it may all last. And today worries about a Global Supply glut of oil crept back into the Energy Market sending domestic crude tumbling. First, housing. The good news, well, new home sales rebounded in february. The Commerce Department reported a 2 rise last month and januarys sales face was revised higher. Now for the bad. Most of that gain was concentrated in just one region. Sales in the west surged more than 38 but plunged 24 in the northeast. Nearly 18 in the midwest. And 4 in the south. And this skewed data may signal an unevenness in the Real Estate Market heading into the key spring selling season. Diana joins us with more on that. This is a big month for home sales. What does the data say about the state of the Housing Market . Reporter well, it says its coming back very slowly, sue, but in fits and starts as you said. You point to the west, we have to remember this is february so
S p 500 also at a new ale time high of 1781, up 14. 25 points. The dow and s p closing at alltime highs. Bob, this meltup keeps happening. Dow jones industrial average, we were weak throughout the morning. Frankly going into european close around noon it started lifting. Not a lot of big macro news out there but Janet Yellens testimony tomorrow creating considerable question. May be more dovish than some anticipated. We dont have that testimony yet, but that was a source of a lot of speculation today. A lot of groups that have beaten up, moved to the upside. Good news on the fundamentals on retailers, macys had a terrific day. 3. 5 same comp sales moves. Nordstrom reporting tomorrow. Walmart also reporting as well as kohls tomorrow. Internet stock, high beta names moved up but emerging markets down again. Seven, eight, nine days in a row they are been to the downside. Many down double dijs over the last two weeks. A rare ipo disappointment. Its been a great ipo run. Not today for chegg