Now shareholders of kraft will get that in the form of a dividend worth about 27 of the shares of kraft right now. I believe thats what it is. 16. 50 is the number we were hearing before this crossed the tape. 27 , youre right. We believe that equates to 1650 as we speak. I have props guys this morning just to show everybody sometimes you try to figure out what these deals actually mean. This is what it actually means. You have planters did you get this all out of your of course the ketchup, Everybody Knows about the ketchup, more peanuts, brought this for you joe. Beans. This is kraft. Wheres the singles. Mac and cheese. This is another piece of it. No metal in here. No metal in that. Any fake flavoring or coloring . I dont know if you remember a1. So there you have it. This is this is the merger right here on the table. We should point out kraft shares closed at at 61. 33. Theyre looking to be somewhere between 72 and 7349. If you think about what this transaction is about, this is t
Those instant cameras these days. We will be talking to the polaroid ceo. Welcome to Market Makers anarcho. Erik schatzker will be here with us shortly. Before we take you to mid town manhattan, we have to take you out to the newsroom with some breaking economic eta. Here is michael mckee. Hold onto your hat. We have a holy cow number out. The expectation was for a small increase, new home sales go up 18. 6 . This is in the month of may. This puts us at a 5004000 annual sales pace. Billed as a been telling us that they have been growing more confident about people coming into the market. This seems to support that view. Much of the increase in the northeast and in the south, we saw it increase all across the nation. Housing seems to be back after the big increase in existing home sales. These numbers will increase the amount of supply out there. The number of homes for sale is not changing. Consumer confidence is up. There is a chance of those things go together. From 83er goes to 85.
and your money. the dow recovering from a more than 200-point drop yesterday. investors waiting for the jobs number tomorrow. cramer s been looking through all the charts. jpmorgan s chairman and ceo jamie dimon warning of a scary and volatile market. this pepsi soda buyout rum r rumor. blue chips closed below 15,000 for the first time in a month. like the nasdaq and s&p, finished the session at one-month lows. today futures are rising on a morning in which jobless claims fell by 11,000 as we brace for the jobs tomorrow. the b of e and ecb leaving rates unchanged. draghi says in a news conference the central bank s monetary policy will remain accommodative as long as necessary. a lot of people saying the market is positioned short going into the jobs number tomorrow and that there may be a little bit of a bounce over the next session or two. i think that we re in kind of a busy dar moment that we re very oversold. the most oversold we ve been since november of 2011. w