Attacking in the right direction. Ultimatum for Family Dollar, icahn says, sell or ill come after the board. Not backing down. A crossborder fistfight, rejecting a takeover, and looking for a buyout . All you need is a pulse and a u. K. Postal code. First up, oracle reported fiscal Fourth Quarter operating profit at 92 cents a share missing estimates, and revenue below consensus and disapointing sale of software licenses. Some expected more progress in the Cloud Computing business, giving metrics on, jim, for the first time, up 22 year on year, 4 of total revenue. Is this a reminder of last years rough time . I dont think so. The portfolio manager, we huddled in this last night and felt it was a buying opportunity. We say that with the Big Tech Companies repositions from traditional metrics to the cloud, theres glitches, and you look back and say, wow, that was an opportunity. Reminded of adobe with a glitch and came back very strong. What can i say . When you switch models, like, you
Our roadmap this morning begins with the jobs number coming in just shy of expectations for march, january and february revised higher. Notably all of the march gains came from the private sector. The ipo parade continues today with no less than four offerings the most notable Online Food Delivery service grubhub, the ceos going to join us after it opens for trading. And exxon the Worlds Largest publicly traded oil company has agreed to disclose more information about the risks of fracking. Were going to tell you why. But first up, the numbers for the march jobs report nonfarm payrolls up 192,000 forecast called for a gain of about 200,000. January and february pay ros revised higher by a combined 37,000. Unemployment rate held steady at 6. 7. There was an increase in job seekers. Average Hourly Earnings fell by a cent. And then people looking at things, guys, like hours worked. Yes. Up 0. 2 hours which given all the talk for pentup demand for labor post winter doesnt seem like much of
Its one and one, not two plus another one, plus maybe you are carrying a purse or something else. The airlines are increasingly trying to speed up boarding at the gates. They do not want people bringing these big bags on that eventually, after they walk up and down the aisle, they will have to take back to the gate to be checked. They are trying to speed up operations and at the same time, remember, the airlines, they are looking to collect more fees when it comesc to checking bag and to essentially speed up the process overall. Last year, united collected 638 million in checked bag fees and the company said over the next four years, it wants to collect an additional 700 million not just from checked bag fees but fees of all kinds. I have to tell you this. Flying from san diego to new york last week with my producer, she was in the restroom, they called us to board. I said come on, come on, we got to get on, we got to get our bags up in the compartment. Thats the rush that everybody g
Proposing to raise taxes by 1. 6 trillion, while cutting spending by 400 billion. On top of that, mr. Obama asked for 50 billion more for Infrastructure Spending and 140 billion to extend Unemployment Insurance benefits and the payroll tax cut. Republicans literally laughed it off. They want. They want to have this extra spending thats actually greater than the amount theyre willing to cut. I mean, its. Its. Was not a serious proposal. And so, right now, were almost nowhere. Reporter across the capitol, Republican Senate leader Mitch Mcconnell told the wall street journal his party would be willing to bring in more tax revenues if the president agreed to tighten up the eligibility requirements for entitlements. Mcconnell said that could mean higher medicare premiums for the wealthy, an increase in the medicare eligibility age and slower costofliving increases for social security. But he ruled out higher tax rates. Most democrats have ruled out all of those cuts, arguing they would unde
Proposing to raise taxes by 1. 6 trillion, while cutting spending by 400 billion. On top of that, mr. Obama asked for 50 billion more for Infrastructure Spending and 140 billion to extend Unemployment Insurance benefits and the payroll tax cut. Republicans literally laughed it off. They want. They want to have this extra spending thats actually greater than the amount theyre willing to cut. I mean, its. Its. Was not a serious proposal. And so, right now, were almost nowhere. Reporter across the capitol, Republican Senate leader Mitch Mcconnell told the wall street journal his party would be willing to bring in more tax revenues if the president agreed to tighten up the eligibility requirements for entitlements. Mcconnell said that could mean higher medicare premiums for the wealthy, an increase in the medicare eligibility age and slower costofliving increases for social security. But he ruled out higher tax rates. Most democrats have ruled out all of those cuts, arguing they would unde