Daimler doubles down. Find out why its smart cars are getting bigger. And it sounds like Science Fiction but jets that break apart and reassemble midflight could soon become reality. But first, russian stocks are taking a hit today. Ruble is sliding the u. S. Has imposed new sanctions on companies to punish president putin first up porting rebels in ukraine. Ryan chilcote joins us. What exactly are we seeing . Before werenctions personal, they really targeted individuals in putins inner circle, then these are much broader. They have gone corporate, going after some of russias biggest companies. Rosneft has been sanctioned. Rosneft is not just russias largest oil company, it is the Worlds Largest quickly traded oil company. Bp has got a 20 stake. Its gdrs fell by 5 novatek, russias largest independent gas producer. Shares traded here in london and fell by more than seven percent. Promm which that gaz is the Worlds Largest gas producer that provides europe was not of its gas session. Per
Right now in the room across the way, governor christie is about to speak and be interviewed by our john harwood later in the day nelson peltz and scott walper is back. We have special guests as well. And so, hello to john, kate, josh. Three big themes from delivering alpha that i want to bring you up to date on. Number one, treasury secretary jack lew there should be a Corporate Tax rate. Maybe 28 as the basic rate for corporate earnings which would bring us back down more in line with some of our economic rivals. An hour ago, retire hedge fund manag manager druckenmiller said the mr. Fed is putting the economy at risk. If you like someone other things, actaviss is up. Citigroup that made news earlier this week with its settlement with Justice Department is down 4. 5 . Kate you led the questioning with one of the guys who has never been on television before, ken griffin of citadel. You hit him with the days breaking news which Andrew Ross Sorkin broke on the bid, the offer for time wa
Ceo john donahoe called the corridor challenging. They showedow ecommerce search results weighing on the business, but the paypal unit showing solid growth. Pay 450s agreed to Million Dollars to settle allegations that it conspired to fix ebook prices. The trial between them and 33 attorney generals was going to start this month. Tole just paired with ibm improve enterprise business. To our lead story of the day, Rupert Murdoch looking for a new piece to his media empire and hes hoping time warner is the perfect fit. The warner has rejected initial bid and murdoch is said to be willing to pay more to get cnn, turner,hbo, and more. It was first brought to the attention by murdochs deputy over lunch last month in new york. A numberncerned about of factors including succession plans, the fox share structure, and the future of cnn. I want to bring in senior west coast correspondent Jon Erlichman with us from l. A. Thise been reporting on all day long. What is the latest on what we know now
Welcome to countdown. A very good morning. Two deals have fallen through. What is going on . Reneges ont murdoch a 25 billion dollar offer for time warner when everybody thought it was not going to go anywhere, does it matter . This has me puzzled for little bit. Of course it matters. Not everyone recognized the capitulation. If you look at the share price, investors thought he would still go for it. Secondly, he has thrown a bone back to foxx investors. It is something they have not they were not anticipating. It is a bit rushed. We have both time warner and fox reporting this morning. You can imagine trying to defend. I think it is fascinating they decide to pull out of this deal so quickly. Maybe they misjudged the timing. The buyback, what does it mean for shareholders . Here we go. Share price reaction was dramatic. 6 . Shares rose about i love market psychology. Time warner shares were just above 85. That was the bid price. Though shares fell 14 , down to 73. So much for the time
Ecommerce search results weighing on the business, but the paypal unit showing solid growth. Apple has agreed to pay 450 Million Dollars to settle allegations that it conspired to fix ebook prices. The trial between them and 33 attorney generals was going to start this month. Apple just paired with ibm to improve enterprise business. To our lead story of the day, Rupert Murdoch looking for a new piece to his media empire and hes hoping time warner is the perfect fit. Time warner has rejected the initial bid and murdoch is said to be willing to pay more to get the owner of hbo, cnn, turner, and more. It was first brought to the attention by murdochs deputy over lunch last month in new york. He was concerned about a number of factors including succession plans, the fox share structure, and the future of cnn. I want to bring in senior west coast correspondent Jon Erlichman with us from l. A. Youve been reporting on this all day long. What is the latest on what we know now . Well, look at