when the white house. some say he and his daughter rebekah out-koched the koch brothers. mercerses of the controlled the white house. we will speak with investigative reporter jane mayer about her new piece in the new yorker anad herere are excerpts, when a robt mercer s only public appearances. i m wondering, what am i going to say? i left research 20 years ago. i have not really paid any attention to the world of dm s sinces or i then. i cannot talk really about what i do now. [laughter] amy: we will also look at dark money s role in the confirmation process as the supreme court am the neil gorsuch. all of that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace report. i m amy goodman. the house of representatives is set to vote today on a republican bill to repeal and replace the affordable care act, a plan the congressional budget office says would add 24 million people to the ranks of the uninsured. president donald trump and vice presi
ftse 100, italy, spain, all up. looking at crude. wti sitting at 50.91. let s get to that microsoft story. it is the top corporate story. shares of the tech giant popping on better than expected quarterly results. the big driver, the cloud. the shares of the microsoft product doubling in the most recent quarter. the stock hitting an all-time high in after-hours trading breaking through a level hit at the peak of the tech bubble back in 1999. it s going to close in on a half trillion dollars again. it s great day to have ballmer on. he took a lot of flack for not turning it into something it wasn t. in hindsight, now that we have the benefit of hindsight, he kept that thing moving along. increasing revenue. maybe the share price didn t go all the way back. got pretty rich himself. how much does he have left? i expect him we ll have him for an hour. i expect him to be in a really good mood today. because of the stock price. very few of us get like $4 billion richer on
good morning, it is 10:00 a.m. at at&t headquarters in dallas, 11:00 a.m. on wall street, and squawk alley is live. welcome to squawk alley for a monday morning, john ford and myself along with ceo terry and senior editor peter cofta. good morning to you both. our top story fairly obvious, at&t buying time warner for $85.4 million. a deal uniquely different than anything they ve done before. regulators already raising red flags, possibly putting an end to the deal before it begins. the senate and consumer rights is looking to schedule its first hearing on the merger next month, and it s not just washington, the competition also warning against the deal with one disney spokesperson saying, a transaction of this magnitude obviously warrants close scrutiny. time warner ceo says the focus is vertical and mobile. we were talking about what s happening in media, all these new products like subscription v.o.d. networks, all the increase in mobile consumption of video, an
there you have it again, green arrows pretty much everywhere. the whole world is happy. except for short sellers. and we re watching crude prices this morning. yesterday iraq s oil minister said the country should be exempt from joining opec s production cut embroiled in a war with islamic militants. opec is planning to reduce production targets at the november meeting. wti is lower by 5 cents but still at $50.80. and scottrade is being acquired for $4 billion from ameritrade. some competitor of scottrade said, why deal with us? we have a helicopter. no one really understood what was the because it s successful. it trades more quickly to where they need to go by helicopter. it happens over the internet. so it s confidence? a little bit of confidence. interest rates are zero. i m confident, i ll borrow money, too. a little confidence. people think the economy is a little better than we think. i don t think that s it. we ll talk to the ceos at 7:00
health of retail looks like. tough to get handle on retail these days. so diverse. plus after a recent rash of airline glitches, there are new calls from congress for airlines to overhaul their i.t. systems. we will talk to that man there, senator richard blumenthal, one of those lawmakers behind the initiative. he and senator marky from massachusetts sent a letter today to those airlines seeking answers to the latest glitches here. and reporting earnings after closing today, tech giant getting toward layoff 14,000 employees, nearly 20% of its work force. shares down about 1% on the news with those earnings coming up. over that over the next couple of hours. let s get to fed minutes and market s reaction in a minute. first a closer look at today s earnings mess in retail. courtney reagan has the low down for us. plus some recap of the special guests you had last hour. courtney? hi, bill. remember last week we talked about retail resurgence, but i said, whoa, not so fa