Bidding process. They say they have identified possible misconduct, including theible bribery in awarding world cup to russia and qatar and referred the matter to swiss authorities for investigation. Grand threat and grand v isauto roman five pushing the game further, allowing players to have sex. This is a criminal setting, gritty underworld, and it is art. I embrace that art and its youthful. But lets make no bones about the environment in which we operate. We stand shoulder to shoulder with other major Motion Picture releases and Television Shows that explore a similar universe. He says he sees a market for both console games and mobile games. Spotify is moving ahead with its expansion even with taylor swift pulling her songs from the service. The cofounder says the streaming Service Plans to add 500 more workers to improve the spotify app and expand to more countries. He says spotify sees plenty of opportunities in the u. S. Which is already their biggest market. How manyead tesla
An address to congress tonight. And stocks getting a slow start to the week. The s p falling for a fifth straight monday. Today is tuesday, anyway, february 12th, 2013. And squawk box begins right now. Asian markets shrugging off the tests in north korea. But markets in china, taiwan remain closed. North korea says a miniaturize ed Nuclear Missile was tested. The u. S. Ambassador to south korea responding to all of this. Its a very provocative act that undermines Regional Peace and stability and i think it would be critical for us to coordinate very closely with you and our colleagues in south korea going forward. Were going to talk more about washingtons reaction and what this all means for geouncertainty and our guest hosts for this hour, Jared Bernstein who works as the chief economist for joe biden. Tony is joining us and Capital Alpha markets managing director Chuck Gabriel. Theyre also going to talk state of the union. John harwood sat down with dave axlerod yesterday. He will jo
Given what we just saw on the gdp . I think the new normal is the old normal. Stock give you pretty good turns, especially on top of inflation. Stocks are going to be once again a big part of peoples portfolios. You have a right to be cautious. I only need one number to put you back in now we talked about this last time. I was going for slower appreciation. Guys, thank you very much. That does it for us today. Right now its time for squawk on the street. Good morning to you all. Im melissa lee, along with jim cramer, david faber at the new york stock exchange. Carl quintanilla is live where research in motion is holding their blackberry 10 launch today. Lets look at futures and how were setting up for the day. We saw a bit of a reversal on the gdp numbers, the first contraction since 2009. Now were in negative territory. As for europe, confidence coming in stronger in the real star here. The euro topping 135 for the First Time Since april 2010. And strengthening even more after the gdp
hi, research in motion executives opening themselves up to the wrath of angry shareholders in waterloo, oregon. shares down 75% and their problems and what shareholders are saying. what is the main take away for us? the main take away, though the board was re-elected at rim, it was sort of done grudgingly. i m taking look at numbers here. t torston hines, ceo, 13.8% of shares will reheld in his resurrection. the chairman, 23% withheld. shareholders upset, kind of keeping it civil. it is in canada. they were nice about it but upset so many long term members of the board let things get this bad. just how bad are they? let me show you a couple of numbers. take a look at sales of blackberries, handsets. about a year and half ago, selling 14.2 million in a quarter. most recent quarter, 7.8. over that recent time, the iphone went from 14.1 million to 35 million handsets, average selling prices have come down on blackberry hardware from 316 bucks to $212. they are not at all happy