Landing at 50. 79. Visa reporting a better than expected increase in earnings. Higher payments and the acquisition of visa europe helping results. Trading was choppy after the bell. Visas full year Growth Outlook was light of estimates. Stock lower by a quarter of a percent. Twitter planning job cuts that could be announced this week. The social network could terminate about 300 people. Thats the same percentage it cut last year when cofounder jack dorsey took over as choef. The news comes amidquestions about whats next for twitter. Bill miller was on Halftime Report yesterday. What twitters needs is an activist. I think an activist could make a difference there with respect to being on the board. That kind of thing. You have done a lot in your career. Maybe its time for that. No, not me. Twitter announcing it will change the release time of results to before the market opens on thursday. Originally it was scheduled to report after the bell on thursday. It wants to avoid conflicting wi
Tausche and from our nations capital, ceo walter isaacson. Good morning to you. Good morning. Thanks for having me back. Our top story is the shrinking media landscape. At ts bid to buy time warner getting push back from the street. Likely to face headwinds in washington. 148 billion in telecom deals have been withdrawn since 2015. A lot of that, of course, is due to regulatory scrutiny. Walter, we spent the last 24 hours talking about the economics and sense of the deal versus the tenor of our times, as kramer put it. Whats going to win . Absolutely. Youve got real headwinds in washington. Whether its Bernie Sanders or donald trump, this notion of more consolidation, more vertically integrated control will really hit some resistance. I just dont think people see the need to have more c consolidation in an industry that needs more diversity. What is the legal rationale, though, denying this . Its hard to argue it takes away choice given that it isnt two content players combining. Its n
Earning is the big driver today. Despite that, p g, having a positive impact on the dow. 3m is your biggest threat. Im michelle carusocabrera. Here is what else is on the menu or happening this hour. Ibms board approving Quarterly Cash Dividend of 1. 40 a share and announcing a 3 billion stock buyback program. Consumer confidence taking a big tumble in october, the conference boards number, its index falling to 98. 6. And in the meantime, home prices jumping in august to near record levels. But we begin first with what is going on here with lets get to Tyler Mathisen i see what were doing. Welcome, everyone. Tyler mathisen is with us from cnbcs net net summit at the New York Stock Exchange. Well get to him in a bit. Lets start with the outrage today over health care and your money. The average premium on the benchmark obamacare plan jumping 25 . Year over year. Dan mengin joyn mengin joins us. I see there are some states where they have risen 60 , 100 . Yeah, arizona, for example, that
Close of trade. Stocks took a big letdown after the fed minutes, spooking the markets. Ramy inocencio has the latest. Taking a leg are down but they are actually off of their session lows that we saw all right after the 2 00 hour when the spec minutes came out for the month of april. This is where we stand. Moreow is down by a little than. 1 , the s p similarly, the nasdaq almost pulled up. Now up by. 3 . Intradayok at the snp snp intraday. You can see the ride we went on in the lead up to the 2 00 hour. Up until 2 00, actually, the s and p was up 6 , but then we see the plunge down. It had been down by as much as four. 4 time. Even getting closer to the flatlined, even as we speak. With that said, the s p is still now negative for the year. Also, 10 sectors and their help their health. They are in negative territory by now but financials and health care are in green. Financials up by green. Fallen about 1 up. Coming back to where we came there. Utilities down the most 1. 9 . We can se
Once again, live coverage from capitol hill this morning. Theyre meeting to discuss the cable tv industry. And focusing on practices involving billing, fees, refunds, and the number of other Customer Service issues. We expect this to get under way in just a moment. This is live on cspan3. I should let you know that right now, House Democrats continuing their more than 20 hour sitin the House Chamber demanding that republicans bring up gun control legislation. The house officially in recess through the fourth of july but the protests continue in the House Chamber. House cameras have been turned off. But we still have been able to bring you coverage of what happening in the chamber. You can watch that live on our companion network cspan. Were leer today to discuss a topic that affects just about every american family. And often us from straits all of us as us from straitsfrustra American Families and that is cable or satellite tv service. We have taken an investigation of the cable and T