Space, berkshire results and the letter tonight and tomorrow. Europe is pretty mixed in the tenyear below 289 begins with stock futurer pointing to a better open. Investors continue to digest the potential impact of higher inflations and rates on equities, three weeks since the selloff began. General mills bets on pets. The cereal maker agreeing to buy natural pelt food company blue for a billion dollars. And on the heels of historic tax reform, turbotax maker intuit delivering but weaker than expected guidance ceo joins us exclusively later this hour. Stocks are poised to open higher, three major indices on pace for third negative week in four First Time Since november of 2006 the nas ended in the red. S p and the dow about 6 below alltime high. After another session which couldnt hold the interday highs. It has happened four days in a row. I think theres scepticism of investors being willing to wade back the flow of shows as of the weekending february 21st still major outflows of dom
Street. Im Carl Quintanilla a strong close with buffett on squawk. Fed chair pal on the squawk tomorrow we begin with futures pointing to a sharply higher open on the twoweek rally and buffetts advice for the longterm investor despite volatility, buy equity, not bonds. Ge is planning to restate three new candidates to a streamlined board of director. And the chip war continues over qualcomm urging broadcom to engage in direct talks for a takeover deal. Buffett is one of the big stories of the deal saying Berkshire Hathaway received the new tax law. Heres what becky said earlier on squawk. We had about 100 billion of unrealized gain in equities. Now, when they are sold, you pay tax on that. And previously when the tax was 35 , we would have had a 35 billion reserve for taxes against that as a liability. That would drop to about 21 billion. So 14 billion roughly that was a reduction in the amount of tax that when we saw those securities, we will pay. It wasnt cash now, but it reduced the
Delivering on all metrics that we had indicated and committed to, particularly on the eps commitment that we had of double digit growth at the same time, preparing the future in 2018, which comes as a mix of acceleration. After a slow start, we would accelerate in the second half. The second half is about 4 growth overall it is a significant improvement in edp, which closes the year nearly there in terms of growth. This is paving the way for an 18 year that will be the gradual acceleration that we need to meet our objectives in two years from now a different part of the world and the u. S. In your white wave acquisition, which was a huge acquisition for danone however, in north america, it was seen as negative when will you start seeing synergies from this acquisition . The year of 2017 has been, indeed, a very important one for us, paving the way for danone to lead the food revolution thats sweeping the whole country in which we sdecide we are going to be part of the group that is emb
Feet up kind of sit back say all right, whos really doing well . Whos really doing badly . Were having this relentless daytoday analysis. Were still the thick of it. Which is why we need to stay rigorous. This is made more difficult by the shear number of new companies that have had the guts to come public. Lets start with next monday when we get results from clorox. The quintessential consumer goods Package Company that was run so well for so long. Ive studied this company long much to know that its in capable hands and i bet that tradition to good solid numbers that tae how will clorox to become a good Portfolio Holding for so many of you satisfied viewers; i expect good things. After the close, we hear two from two radically Different Companies with stocks, dennys and bio morin. Dennys report drad mat i can upside supplies but the market yawned because Rising Oil Prices turned investors sour on the restaurant group. Then the ceo told a great store pri. Gasoline has fallen since and
Rocket 200 points . First we were oversold going into todays session. The sellers have been so willynilly we were down seven Straight Days for the dow, something we havent seen in four years and that was back when we were in mired in political controversy. The sellers recognized they are destroying the stocks they are selling. And buyers step in. We were due for a bounce. We got it. Second we got the best of both worlds from china. China became part of the cocktail hour at the beach this weekend. But it rallied up hard last night. The soft data got people to think maybe the Chinese Government will do more to prop up the economy. The rally in the stock market involved the government putting together some mergers. I dont think it will work in the long term. Third, Warren Buffett made a 37. 2 billion acquisition buying precision cast parts, pcp. He tends to bust the gloom. Now this deal was particularly positive because precision cast parts is largely a supplier of components for aerospac