Only the second, since the end of the fiveweek shutdown brought on by the debt crisis. Bank shares were pushed to the downward trading limit yesterday of 30 . One analyst said the bailout will not work if greek banks do not bounce back. The greek Banking System is key to getting them back. They have to recapitalize the major banks quickly and they have major problems with their nonperforming. Once you get the greek banks of an lending, there is no hope for the plan to succeed. Erik in the bleak financial picture, the Central Bank Says almost 1. 3 billion has flowed academic countries bank since reopened two weeks ago. Scheier is making an offer in hopes of creating a Biotech Company focused on rare diseases. The price of the about the billion dollars and scheier says that represents premium of 36 and values the target company at more than 45 a share. No deal on the horizon right now and shire it spun off from baxter and they are not talking about the proposal. John cleary is in singapo
We will reveal. A developing story captivating both wall street and Silicon Valley today. Will sales force make a bid for twitter . Mark benioff is speaking right now. Sales force ceo mark benioff on a bit of a shopping spree, buying Companies Left and right to build out his business. In fact, sales force has closed 11 acquisitions this fiscal year. Among the biggest ones really making headlines, there was crux for 700 million. Which should strengthen the companys marketing cloud. Collaboration Software Developer kwip for 582 million and ecommerce providing demand ware for 2. 8 billion. All buys would take a back seat if benioff didnt make a bid for twitter. Today on cnbc, the ceo addressed those reports. We look at everything, you know that, jim. Linkedin. We look at everything. You name it, we look at it. Its in our interest. We have to go deep on everything. We have to understand what is possible for our shareholders, what isnt. But in the scheme of things, if you look back at my tr
What has fueled this thing . We have a bunch of cattles. Lets start with the obvious, the darn thing wont go down. We had a ton of Federal Reserve officials talking about the need to raise rates. Be the market took it like a champ. The s p finishing up for the week. That was a signal. Signal that a rate hike can be handled without too much pain. The house of pain. Another possi of fed guns. Came back this week, and spoke incessantly about rate hikes. Now were rallying, and rallying hard. This market refused to go down on bad news. Something broader than fanning rallies or the minibull markets i talked about every night. Oils not finished going higher. I cant stress enough how important this is. We heard that oil was moving up because of a short squeeze that came out of the canadian wildfires. Production has been cut dramatically. Guess what . The oils back on line, and it didnt matter the price of crude is roaring back. This market has a hard time going down when oils up. The market se
We thought of it a couple of days ago and its coming to fruition. We couldnt ask for a better experience. Pittsburgh is a great city. Everyones saying, are you nervous, are you nervous . No, im excited. Im thrilled for sharks fans. I remember going to games in the cal palace. Hockey has developed so well in san jose and the greater bay area. Reporter did you guys read between the lines on the commissioners sound bite right there . He clearly wants the shark point, isnt it obvious . Well be back at 8 00 and 11 00 with highlights and reactions. Thank you, collin. An official watch party is happening at the shark tank in san jose, got to be so many fans so excited. Reporter thats right, jessica. Theyve been mingling for most of the day. Now theyre inside the shark tank ready to watch the big game on the big screen. They didnt wait for the game to start before they began to party. Reporter the party began at 2 00 this afternoon at plaza caesar chavez. It was 85 degrees but that didnt keep
Assaulting an unconscious woman, expected to be released from jail before labor day. Today were learning more about his Party History through newly released court documents. In a letter to the judge, turner wrote coming from a small town in ohio, ied a never really experienced celebrating or partying that involved alcohol. And says he was influenced by the Party Culture of the stanford swim team. But evidence in his own cellphone tells a different story. The documents show he had several Text Messages from high school referring to drinking, smoking weed and doing acid. The documents also refer to a video of him using a bong. The judge was aware of turners lies before the sentencing. Our Justice System must become better than this. Reporter this morning on the house floor, congressman jackie speer introduced a new piece of legislation to help survivors of sexual assaults on college campuses. She also read parts of the survivors statements allowed in congress. And will continue to go so