The patents but hardware, some 2,000 patents and trademark portfolio going to lenovo. First new phone to come out of the deal was moto x that came out last year. Has not been a big hit. Multiple price cuts. Meantime lenovo is on major acquisition spree, making this deal just days after buying ibms low server business. The deal does still need to be approved in the u. S. And china. Googles c. E. O. Said in a blog post, this will enable google to devote our energy to drive innovation across the android ecosystem for the benefit of smart phone users everywhere. On a side note, this does not signal a larger shift for our other hardware efforts. C. E. O. And founder of tech economy joins us from new york. And brad is here from us in the studio. Is google trying too hard to be apple . Yes and no. No in that the deal in 2012 primarily happened because of intellectual property. Tons of litigation, threatened litigation in the android world. They wanted the patents. And they wants to quell moto
We just experience. It is. We have seen three times as much snow on average. All of it has a huge Economic Impact especially on the airline industry. In january, we saw an incredibly number incredible number. We have seen an Economic Impact sales figures were impacted in january due to the cold weather. Impact on people going out and shopping for cars. His shadow. Il saw this is obviously happening. Weekend . E expect this will it continue like this throughout february . Serious, real data. I would like to think i am more accurate than the groundhog. We are looking at a long winter so far at least this week. The first week of february, three storms in one week. One came conveniently after the super bowl, was fans are happy about. That one that canceled 2000 fights on monday when people were trying to get back. Another one today and it possibility of a third storm on sunday. Predictions have been all over the place. It is still a few days away so it is difficult to call. I do not want t
Wall street journal but joined me for an exclusive interview. I talked to the head of the antideaf mags league, abeprosmham this morning. Following up on a letter i sent over the weekend apologizing for the use of the word crystal knox. It was a terrible word to have chosen. I, like many, have tried to nderstand the 20th century and the incomprehensible evil of the holocaust. It cant be explained even to try to explain it is questionable. Its wrong. Its evil. Now, i used the word because during the occupy of San Francisco by the occupy wall reet crowd, they broke the windows in the wells fargo bank, they marched up to our automobile strip on van ness avenue and broke all the windows in all the luxury car dealerships. And i saw thats, irmed that the police just stood by frozen. And i thought, well, this is how crystal knox began. So that word was in my mind. I did, i dont necessarily need to read from this letter but if youre interested i can. Sure. Go ahead. Well, i deeply apologize th
Decision. More importantly, the ecb, they will be issuing their statement a. M. Ecision at 7 45 a. M 7 45 this morning. Cut expect druggie to rate. Draghi to cut rates. We will have Michelle Meyer with us as we see this decision and press conference. Anything goes even what we have seen overseas with the markets. In the meantime, back here in the u. S. , the parade of earnings continues before the bell. Aetna, gm, 20th century fox, and aol. We will pay close attention to aol, because the ceo of the company, tim armstrong, will be on later with us. After the bell, news corporation, linkedin. The olympic guys begin today in sochi. One guy is trading three lightbulbs for a doorknob in his room. Data check. Equities, bonds, currencies and commodities. One screen today. Futures are up nine points. The yield is back up, a good sign. Calming the market at 2. 67. Your wreck euro goes nowhere. Here is what i am looking at ahead of tomorrows jobs report, dollaryen. Weaker yen over the recent mon
Also coming up, saving sony as the firm forecast a surprise 1 billion loss. Lets begin with the Credit Suisse story. The Bank Reporting results today. The Second Biggest Bank missing estimates. Manus cranny sat down with the c. E. O. , brady dougan in zurich. Talk us through the numbers and tell us about those division. You know, guy, it is sort of like two misses and one hit. Provisions. 514 million swiss francs but they are making progress on the tax investigation with the f. E. C. And the mortgagebacked security. That is going on. Wealth management. A little bit of a shock here in switzerland and europe, guy. 2 billion going out the door it was that was about normalizing the business. Cash a little bit light compared to what we thought about. This tax issue is not going to go away. The i. R. S. Is not going to go ongoing issue. An u. B. S. Handed over 4,000 names. Those are the numbers, the issues on wealth. If youre an employee at Credit Suisse, total comp is down. Investment banki