Also directionally correct. It is time to look forward, not backward. This is not the time to dwell on the reasons why the federal Communications Commission and department of justice reached the conclusion that this proposed transaction would not be in the publics interest. But it is important to understand the Tipping Point from cable to broadband came while this transaction was under review. We recognized that the skri had changed and we saw concrete evidence of the new competition and Business Models made possible by high Speed Internet access. Try in other words, we recognized broadband had to be at the center of our analysis. And the video was in essence an application that flows over networks and that could be supplied both by the owners of facilities and by competitors that use broadband pathways to compete against the owners of those broadband pathways. This shift has implications far beyond this transaction for the industry at large. When i appeared before you in the Second Qu
I will be joined by two entrepreneurs who just merged to give go pro a run for its money with the first Live Streaming camera. Thats ahead on bloomberg west. First to our lead. Jony ive has a new role, the first chief design officer for apple. He will be shaping the look and feel of apples products and take on current design products, new ideas, future initiatives. He has two deputies who will be taking up his daytoday managerial duties starting july 1, but what are the implications of this unprecedented move . Joining us, tivos chief experience officer who has helped Companies Like google and twitter come up with strategies and we also have two other guests. Thank you for joining us, all of you. This is the first time i have ever heard of a chief design officer. Not a common thing to do. What does this really mean . Does this increases power . Does it change his level of the influence . Oliver i think it is just a titular recognition of stuff he is been doing already. In some ways, th
Well get his take on the economy and the companys growth plan. A cnbc exclusive. Would you get a mortgage from that girl . No, from walmart. A lot of people say they would. Whats that all about . Were going to run it down later on power lunch. We start with my partner sue herera in the center of the action downtown at the nyse. Stocks are slightly lower right now despite those fiscal cliff anxieties. Theyve been pretty steady throughout the day. The s p 500 broke above its 50day moving average, believe it or not. Earlier in the day its backed off a little bit. Economic news and new data shows u. S. Manufacturing falling to its lowest level in three years. And there is a little nervousness about the president taking to twitter at 2 00 p. M. Eastern time to talk about the fiscal cliff negotiations that are going on. But it is the first trading day of the month and some on wall street are getting bullish for year end. It is going to be a december to remember, i predict it. I think this is
A 52week high in france and germany. Our road map this morning begins in washington where fiscal cliff negotiations according to the times has collapsed. At least for now. With less than a month until the deadline, who blinks first if anyone . Goldman takes dell from a strength to a buy. Is it time to look at the stock and maybe even other players in the beat up personal computer sector . Manufacturing data out of china. Not bad. 50. 6. Thats the highest in seven months. Although shanghai again trades lower even europes pmi improves a touch in november. First up, were one month away from the fiscal cliff and so far the white house and Congressional Republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. Yesterday our own jim cramer and Maria Bartiromo were on meet the press and cramer had a message for fellow panelists and father of the antitax pledge, Grover Norquist. Most ceos are republican. Theyre on board. Theyre not on
And then europes hanging in there as well, german Business Sentiment at an 18month high. Our road map begins with the market. More history as the dow closes above 16k. Is the world getting ready for the santa rally . Gap shares falling on news on its Quarterly Results as were one week from black friday. And pandora shares fall on earnings while spotify could be worth 4 billion. People are beginning to Pay Attention to the percentage of investment people have in stocks, getting close to the levels we had in 2007. We can always look back and pick a time where it seems that was the top. Imagi margin debt is an important indicator for the top. What i like about the companies, they are levered to asia and europe. How many times does jamie dimon say we need rates higher. And now youre seeing the move to the financials and Goldman Sachs is in the financials, too. What may be good for the financials may not be good for the rest of the market, if it includes a taper tightening, a less dovish fe