Not everybody is on board. Some say the ecb is doing too little, too late. Job cuts are on the way at ebay. They will cut 2400 jobs, 7 of the workforce. Ebay is preparing to split from its paypal unit. American express will cut more than 4000 jobs part of a restructuring. Google is raising the stakes for wireless wars are paring sell Wireless Service directly to consumers. Google has reached a deal to use the networks of tmobile and sprint. No word when the Google Service might start or what it will cost. An outbreak of measles linked to disneyland has now spread beyond california. Seven people have been infected in five states and mexico. Urging those who have not been vaccinated to get avoided disneyland park. The ecbs qe verdict, we are waiting that. Mario we are awaiting that. Positive goals standing by in print for where mario draghi will be holding his News Conference in 30 minutes. Also joining us on the phone is mohammed olli mohamed elerian. They say they are not going to cut
They are partners in the Moffett Nathanson research firm. Mr. Moffett, lets begin with you. Whats the impact, whats your initial reaction to what cbs, hbo have announced and then add onto that netflix and apple, etc. , and all these different services. Whats the impact on the Overall Television industry . Guest well, those are two separate categories really. The new ones, hbo and cbs, my guess is the impact will be actually somewhat limited. On the other hand, the impact of some of the ones that are already here like netflix has already been very profound. And i think what were seeing here is a real change in the viewing habits of millennials, that theyre simply watching tv in a very different way than my generation watched tv, and youre starting to see all the Media Companies embrace that and recognize that they cant sort of circle the wagons and just try to protect the existing ecosystem anymore, they have to actually reach out to that set of consumers. The advertisers want to reach
Of cargo. A labor deal was reached late friday to end a month long dispute between Dock Workers Union and shippers. We think we have good news with greece. It seems like its sort of good. Who knows. Thomas perez was part of the talks. Hes going to join us at 8 30 eastern and drivers theyre paying more at the pump. Gas prices jumping 13 cents in the past two weeks. 26 cents in the last month. The average price now at 2. 33 among the reasons for the increase. The largest u. S. Refinery strike in 35 years and an explosion at an exxon plant in california. Corporate news valiant has a 5 tax rate i think. And still using that to leverage itself in buying u. S. Companies. Its buying castro drug maker salix for 158 a share and about 10. 1 billion. After valeant lost a take over fight for last year. Apple announcing plan to build two data centers in europe for about 2 billion. They will Power Services including the itunes storage application store. Imessage maps and siri for customers across eu
Euro zone finance ministers are meeting today. The gathering comes amid slowmoving talks on a deal with greeces creditors. Germanys finance ministers says his country will do everything he can to keep greece in the eu. Uber trying to raise more to value the company at 50 billion. Facebook was the only other company to reach that valuation. An alibaaba buying more online retailer zulily to take its stake to 9. 2 percent. The chinese ecommerce giant not looking to acquire zulily outright. The big Global Market story leading the wall street journal, china cutting rates again. Good day. How are you . Reporter its 6 00 in the evening here and im doing well and this is the third rate cut that weve seen in six months and probably going to see more. The economy here as you guys know is slowing down but most people are getting more and more concerned that the economy is rapidly losing momentum. The april data so far has been disappointing. The trade figures as well as the inflation data out ove
Investments. Welcome. Welcome. Are you stretching the definition of what a cup cake is, given that it is in a jar . The fomc is expected to stay on should a cup cake be a its current path. Handheld not if you want to ship it and Janet Yellens first news nationwide and keep it fresh. Conference as fed chair begins good stuff in a jar. At 2 00 p. M. Eastern time. She will likely field questions it is good stuff. On everything from the impact of a jar. Cup cakes in a glass jar, the weather to the economy, political unrest in ukraine. Where did you get this idea . Im sure some bozo is going to when we started our business, we knew that they wouldnt stay ask about being the first woman fresh and they wouldnt arrive on the job. Looking very nice. So my husband saw a show on canning. And he said, why dont you put the cup cakes in mason jars. And my daughter and i thought that was the dumbest idea ever. But it turned out to be a very good idea. Du apologize to him . Yes, many times. Do you thi