The driver seat heads for a collision. This is Market Makers. It is a wednesday in new york city. I am Erik Schatzker. Will be with us. She is on her way down to the New York Stock Exchange this morning. We will begin with a big shakeup in the sports and media industry. William morris and silver lake are buying img. You could call it the jewel in the crown. Lets mix it up. Lets start with ari emanuel. Img he coceo of excuse me, wme. What did he say . If you thought he was a big deal before, he is an even bigger deal today. He is very confident. Ari has brought together two agencies in the past. He has taken on a bigger fish by buying William Morris back in 2009. He feels very confident about his ability to combine these very people centered businesses. The issue with this one is that there are so many other competent infectors because he is buying a business that its very different from his business. Is a media rights business a licensing business, a College Sports business. That is so
The future of shopping. Apple has a new idea. Use social media to show off your outfits and get expert ideas on what to wear and buy. Look who is sitting and stephanies chair. My guest post is mark use go. Mark, it is terrific to have you here. The chair never fill of stephanie, but i am glad to be with you. Barra. Rst up, mary she is feeling the heat. She is back in washington, testifying for a second time about the faulty ignition switch that cost at least 13 lives over the course of a decade. Recalls,e been so many almost 20 in fact, more than 20 million cars. Congress wants to know how it happened and what gm is doing to ensure it never happens again. Matt miller is on capitol hill. The hearing is about to begin. We know a bit of what mary barra is going to say. Give us a sense of what we can expect from her and the lawmakers to whom she will be speaking. To saycan expect her pretty much what she has been saying the last four or five times we have interviewed her, but with a strong
News. We have a great lineup today. These are the most important businesses businesses. The present the president is planning possibly an airstrike in syria. President will address the nation at 9 00 p. M. Eastern time. Microsoft is in talks to buy the maker of mine kraft. Than 2t might pay more million. Netflix is among 100 sites, internet slowdown day. They are intentionally intending to slow connections. Providers i am going a little downmarket but still big dollars. Todays rival Dollar General is taking its bid directly to shareholders, lower bid from a different competitor. Dollar tree. This is confusing. A lot of twists and turns in the threeway takeover battle. Olivia sterns is here to walk us through it year it helped me. Dollar general, dollar tree, Family Dollar. I am looking forward to zach posing for dollar tree. That would be huge. This all got started this summer when nelson carl icahn said they had bought up states in Family Dollar. Thirdy, dollar tree, player here. Thre
Games in my life. President obama is in a study of his morning on his way to a nato summit that will focus on the confrontation with russia. The meeting comes after a day of confusion in ukraine as the government there announced a ceasefire with russia backed insurgents and the east but the separatists said there was no deal and the government seems to retract his earlier statement. Here is president obama this morning in fact, russia is financingo stop , in many casesg joining of Russian Troops activities in ukraine and is series about a political settlement, that is something we all hope for. I have said consistently our strong,ce is a productive, cooperative russia. What is really going on . Our chief washington correspondent peter cook is with us in new york and Ryan Chilcote is on the phone from wales, the site of the nato summit. Help me dissect this. What is going on . There was quite a bit of confusion this morning. President ukrainian said weve got a permanent ceasefire agreed
My favorite store, im not so sure about that. But it is one of my favorite stories. There is a deal that should keep this company out of bankruptcy. A person familiar with the matter says investor standard general will give American Apparel 25 Million Dollars to pay off the 10 million loan and in exchange get to overhaul the board. Julie hyman has been on the story for weeks now, in part because there is such a captivating figure at the center of the American Apparel story, the ousted ceo. It is fascinating because of him even though he is not involved, especially in this current situation, in the current phase of the news. 25 million is coming from standard general. Standard general is one of the companys the guest investors, recently struck a deal with charney whereas whereby it lent him money to increase the state in American Apparel to 43 , but they would essentially have control of that. He could not vote without the approval of standard general. Are they his ally here . He is the