President obamas new round of sanctions, warning that measures would back fire and bring u. S. Russian relation toes a dead end, causing serious damage. As for the russian market reactions, take a look. Stocks in moscow were down sharply in early trading. You can see theyre down by 4. 3 . Later in the show, senator bob corker will be joining us. He is a member of the Foreign Relations committee. Hes been calling for tougher sanctions on russia. Well have more of that coming up. Right now, lets get over to andrew with more of todays corporate stories. Good morning, becky. Ge, former parent of this network, reportedly seeking buyers for appliance unit. It tried to do this back in 2008. It scrapped those plans, though, given the financial environment at the time. Ges Ceo Jeff Immelt promised investors to divert interests that arent seen as core. The company is set to post quart ily results before the bell toll. Well bring thou to you. If you have a dishwasher or a washing machine or you k
He has a near perfect record. At 7 30 eastern time, Marathon Asset Management Bruce Richards is betting big on europe. Coming up at 8 00 eastern time, well get political with former obama chief of staff bill daley. Hes now working for a swiss hedge fund. A lot of them will be talking to what weve been talking about this morning. First, lets get you up to speed on todays headlines. Are you ready for this . Im gary owens. Ive got one of these things on. Its like youre madonna, only i need yes. That wont look at good on me. You already hear some of the buzz . I realize again why we have these on. Theres a huge thing going on behind us. Not yet because its early. But today, tech is the dominant. That was the dominant theme of this mornings stocks to watch. Lets start with apple and ibm. The two teaming up on a Partnership Starting this fall. Ibm will sell iphones and ipads loaded with applications geared at business users. Shares of both companies did rise after hours. I took a look last n
Gained yesterday and then something, and there are a number of developments that were following going into this final hour of trading here. And so, lets take a look at where markets stand with the Dow Jones Industrial average off 165 points this hour. It was down almost 200 at the lows just a little while ago. Remember, anything below 75 points means weve given up yesterdays gains and returned to the lowest level since at least may 20th, perhaps going back into the red for the year. In any case, this is a broadbased selloff, and the dow off 1 at this hour. Same goes for the nasdaq, which is off 42 points. The s p 500 off 1. 15 or 22 points, down all the way to 1, 916. The dow, going into the week, it had shed about 600 points in ten trading sessions. So certainly a sharp selloff. Lets try to make sense of it all. Rob morgan, sam stovall from s p capital iq, frank rad yok from jhs capital advisers, danny hughes from Divine Capital here at the big board. Our own Michelle Carusocabrera on
The rallys sales. We only need a gain of about eight points for a new high. Were already up 60, and thats even off the highs of the day here, kelly. Thats right. So, were sitting at 17,120 on the dow. There are reverberations from yellens remarks, particularly in biotech, down today. That may speak all more to the strength were seeing across the Broader Market here. Obviously, keeping an eye on the big names involved in the mega deal you mentioned, we should note right off the bat, shares of fox are down almost 4 . Shares of time warner are surging today. Cnbc first to report that Rupert Murdochs 21st century fox is trying to buy the company, even though time warner is saying no. Murdoch is apparently pressing. We will speak with former universal chairman bob wright, who knows all the players involved here, about how this might play out. Will murdoch add to his empire . How much could it cost him when all is said and done . And does it make sense in this environment . Well talk to bob
Rise. Less concerned about as may have acquisition. Overpaying. A lot of the shareholders who own fox are shareholders in time warner. So while you want to high bid for time warner, you dont want fox to overpay if you own both of these stocks. People were expecting strong numbers out of time warner to so it could profits case. How is this for a good morning for you . Stocks down just before those earnings come out. And at the same time, rupert has a history of overpaying, right . When you look at the write down that he took on the wall street journal, but ultimately financially he paid a lot of money for it. So shareholders are going to go along with that. Theres a comment in the newspaper this morning which is the new and improved Rupert Murdoch that hes learned his lessons from prior battles. I doubt it. He had less power. He would love to do that. The shareholders couldnt call a meeting earlier, that this was going be something that would drag out over the course of the year. Into t