While many investors are selling weve got an apple analyst holding ton his rating and well explain why. While tech is weak, energy is outperforming. Remember, this was the opposite last year. Were going to debate whether this tech weakness represents a buying opportunity. Also joel ackman along with Michael Pearson will get grilled on capitol hill. Theyre scheduled to testify after the close. We will have live coverage of that in the next hour. Lets tart with the tech wreck, an outperforming rating on apple but just lowered his price target from 130 down to 120. Julia boorstin spoke with twitter Ceo Jack Dorsey. He said ball street doesnt understand his company. And Dominique Chu looks at the role reversal between tech and energy this year. Lets begin with you, on apple, a loss on the open, at least, this morning of another 46 billion in market value for this stock. As it experiences its First Sales Decline in 13 years. Why are you hanging in there with this outperformed rating right n
We begin with a cable deal. Charter Communications Won antitrust approval for its 55 billion takeover of time warner cable. That combination would create the secondlargest Cable Provider in the country. The head of the federal Communications Commission also reportedly supports the merger but there are conditions attached. All of which aim to increase the number of homes with highspeed internet and mitigate threats to online video competition. Charter would have to build out Broadband Service to 2 million more homes. The combined company would have to move away from data capps and usagebased billing. And it cannot charge a fee to heavy traffic providers like netflix. Shares at both charter and time warper cable rose more than 4 in todays trading. And that is not the only deal in the Media Industry to tell you about. Begin net wants to buy the rival newspaper owner tribune publishing. But when its private offers were rebuffed by trib bun, ginnet went public. That sent shares of tribune u
We begin with a cable deal. Charter Communications Won antitrust approval for its 55 billion takeover of time warner cable. That combination would create the secondlargest Cable Provider in the country. The head of the federal Communications Commission also reportedly supports the merger but there are conditions attached. All of which aim to increase the number of homes with highspeed internet and mitigate threats to online video competition. Charter would have to build out Broadband Service to 2 million more homes. The combined company would have to move away from data capps and usagebased billing. And it cannot charge a fee to heavy traffic providers like netflix. Shares at both charter and time warper cable rose more than 4 in todays trading. And that is not the only deal in the Media Industry to tell you about. Begin net wants to buy the rival newspaper owner tribune publishing. But when its private offers were rebuffed by trib bun, ginnet went public. That sent shares of tribune u
We begin with a cable deal. Charter Communications Won antitrust approval for its 55 billion takeover of time warner cable. That combination would create the secondlargest Cable Provider in the country. The head of the federal Communications Commission also reportedly supports the merger but there are conditions attached. All of which aim to increase the number of homes with highspeed internet and mitigate threats to online video competition. Charter would have to build out Broadband Service to 2 million more homes. The combined company would have to move away from data capps and usagebased billing. And it cannot charge a fee to heavy traffic providers like netflix. Shares at both charter and time warper cable rose more than 4 in todays trading. And that is not the only deal in the Media Industry to tell you about. Begin net wants to buy the rival newspaper owner tribune publishing. But when its private offers were rebuffed by trib bun, ginnet went public. That sent shares of tribune u
Thanks for coming. Is your husband here . Hi. Michael davis speed and good to meet you, michael davis. I heard you all were having a party. Thats all you needed was a president ial candidate for it if you like New Hampshire i decided to comply. You invited cspan and everything . Where should i speak from . Right over here. In the kitchen . Okay. Sandy, how are you . Good to see you. Hows it going . Hey, doug, how are you . Thanks. Thats good. Can i get you all anything . [laughter] good to see you again, my friend, countryman, supporting Martin Omalley for president. Thank you. Its not easy. I know, i know. Is anybody going to kick us all. Or do i just jump in . It looks like im just jumping in. Look, i want to thank you all for being here. I want to thank william, did you entertain earlier . I tried spent i want to thank my son William Omalley for being up here. [applause] what do you guys discuss already . To be honest i didnt get to make as much ground as i usually do, but it seems