Well go over to japan and tell you whats going on there. Lets get to our road map here. Youve got mail. Verizon aol, 4. 4 billion. Why is armstrong selling the company he runs and why verizon is buying a content business . Plus as we mentioned, we are seeing red in the premarket. Stock futures are lower as that selloff in bond continues. Another month of weak numbers from the gap. Retailers april sales came in below consensus blaming, what else . Youre thinking weather . No. Strong dollar. Thats what they are going with at the gap. Verizon agreeing to buy aol 50 a share, 4. 4 billion a cash. The dow component says it will help build digital and video platforms to drive future growth. Tim armstrong will continue to lead aol after it becomes a whollyowns verizon subsidiary. The ceo of aol was asked why he did this deal now. When you look at where we are today and where we are going, we made aol as big as it can be in todays landscape. If you look forward five years, youll be in a space w
Slipped. 06 . We can talk all we want about whats going to happen next week in terms of earnings, stocks. And we will. But this time our game plan begins oddly and strangely on a sunday. Sunday when the treasury secretary of the United States of america will be on meet the press addressing the fiscal cliff situation. As a student of secretary geithner who has studied every move i believe he will report we are going to avoid falling over the fiscal cliff and get deal. In part because the two sides arent that far apart. They sound like they are but they may not be. Both sides recognize that we will be in a recession very quickly, maybe even as soon as the second quarter. If they dont compromise. So listen to me. The tax hikes are so severe. [ audience boos ] the spending cuts, particularly the cuts to the military, are so draconian even some republicans who think a compromise is a total betrayal, they fear the economic consequences of cliff jumping. Once a deal is reached. Tax rates, twe
Whats going to happen next week in terms of earnings, stocks. And we will. But this time our game plan begins oddly and strangely on a sunday. Sunday when the treasury secretary of the United States of america will be on meet the press addressing the fiscal cliff situation. As a student of secretary geithner who has studied every move i believe he will report we are going to avoid falling over the fiscal cliff and get deal. In part because the two sides arent that far apart. They sound like they are but they may not be. Both sides recognize that we will be in a recession very quickly, maybe even as soon as the second quarter. If they dont compromise. So listen to me. The tax hikes are so severe. [ audience boos ] the spending cuts, particularly the cuts to the military, are so draconian even some republicans who think a compromise is a total betrayal, they fear the economic consequences of cliff jumping. Once a deal is reached. Tax rates, tweaks and deductions, it could be game on in 2
Slipping slightly, 0. 6 . We can talk all we want about whats going to happen next week in terms of earnings, stocks. And we will. But this time our game plan begins oddly and strangely on a sunday. Sunday when the treasury secretary of the United States of america will be on meet the press addressing the fiscal cliff situation. As a student of secretary geithner who has studied his every move, i believe he will trace out how we are going to avoid falling over the fiscal cliff and get a deal in part because the two sides arent that far apart. They sound like they are but they may not be. Both sides recognize that we will be in a recession very quickly, maybe even as soon as the second quarter. Ah if they dont compromise. So listen to me. The tax hikes are so severe. [ audience boos ] the spending cuts, particularly the cuts to the military, are so draconian even some of the most extreme republicans who think compromise is a total betrayal, they fear the economic consequences of cliff j
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