behind it. we have a pretty amazing resurgence here, and that didn t happen. and what we re seeing is the big companies in tech, and we thought what he was going to go away are all printing large amounts of money. and many of these companies have 500 million to a billion customers using multiple products, and so with all this cash, all this your data. they re going for it essentially. in prinding money, but also in doing massive research. we re living in the age of massive advancement unlike anything we ve seen. isn t much of this the story of pessimism overdone? apple saying that s google has done then on the other side go pro has expanded. you look at a few other companies like that, groupon, which a lot of people had given up for dead. there are still sawed ideas here that have legs, even though they may not have taken over the world the way some people hoped. you re talking about the conglom rants, call it 20 to 100, and you have multiple lines of business. and wh
volatile trade in the after hour sessions so far. we ll bring you the head loins as they break. we ll be checking in throughout the hour with bgc s colin gillis manning the red phone and meantime, guy, what do you make of the quarter? i think given where the price of the stock is, let s just call it $100. i think it s something for everybody. bears will point to the iphone shipments being somewhat disappointing. bulls will point to increasing margin improvement and bears will point to the tax rate being a help to eps. bulls report maybe will report to the fact that revenues were not as bad as some of the nay sayers on the street were going to say given what we heard from the supply side. right here where it s trading 99 is a coin flip. given the choice between the two i think you buy it here. the conference call will really be key in terms of breaking the tie between the bulls and bears. what would be your number one question for tim cook? i guess it would be forward
the rally s sales. we only need a gain of about eight points for a new high. we re already up 60, and that s even off the highs of the day here, kelly. that s right. so, we re sitting at 17,120 on the dow. there are reverberations from yellen s remarks, particularly in biotech, down today. that may speak all more to the strength we re seeing across the broader market here. obviously, keeping an eye on the big names involved in the mega deal you mentioned, we should note right off the bat, shares of fox are down almost 4%. shares of time warner are surging today. cnbc first to report that rupert murdoch s 21st century fox is trying to buy the company, even though time warner is saying no. murdoch is apparently pressing. we will speak with former universal chairman bob wright, who knows all the players involved here, about how this might play out. will murdoch add to his empire? how much could it cost him when all is said and done? and does it make sense in this environment
2.6% of gdp, the lowest level since 2007. that is down slightly from the fiscal 2014 deficit of 483 billion. cbo also now projecting economic growth of 2.8% for 2015. the big picture here for investors for now is that deficits are way down since the financial crisis and stable as a percentage of gdp but only for a few more years according to the cbo. then without any big changes to taxes or spending especially in entitlements deficits start to grow again as a percentage of gdp, hitting $1.1 trillion in 2025, a decade from now and 4% of projected gdp that year. debt will pile on debt, creating quote, serious negative consequences for the economy and policymakers eventually heightening the risk of a fiscal crisis. melissa. melissa: peter, all right the numbers are so big they might as well be in pesos we re up to our debt in eyeballs. isn t that what he just said? let s bring in our very own charlie gasparino dan henninger editorial page director wall street journal. lis wieh
appears that syrian president bashar al-assad has been there for quite some time. assad telling the bbc his government has received intel about strikes by the u.s.-led coalition. here to discuss all that david asman, host of after the bell, jack hough, barron s senior editor. rich lowery, senior politics editor of national review and he is also a fox news contributor. rich, let me start with you. do we believe what assad is saying? what do you think? wouldn t surprise me. defacto unspoken alliance with him against isis. our strategy in syria is basically non-existence. we don t have a strategy in iraq. we re be making progress with kurds and shia militias allied with iran. this defacto alliance is one of the reasons we can t get the turks to have a military worth talking about to help us more. they hate assad. and they will not help us as long as we re not working against assad. melissa: what a mess. i doubt very highly he is receiving detailed information about u.s