Bid 140 a share or over 5 billion scluting debt. The apollos offer was accepted. The later offer accepted by tech data as the better offer and buffett says he does not intend to make a higher offer a little bit about tech data, it is a global distributor of Technology Products and services it supplies Small Companies with Technology Software and hardware made by larger companies, larger technology companies, a middle man. This is evidence of what has been happening with Berkshire Hathaway as the cash ward has grown. Topped over 128 billion according to most recent s. E. C. Filings from the company this move is interesting pivot for buffett, he rarely goes up against private Equity Companies and doesnt like to get into bidding wars it shows how hes going further afield to try andlook to deplo his large stash of cash that he has on hand. Hes known as being a cheap guy. Somebody who looks at prices he doesnt like auctions. Doesnt like auctions, doesnt like to get into the fray what is int
Investment idea right now. It may vice you. And later hidden housing play. Why one options trader says in builder breakout is about to get hammered but we begin with big new developments on boeing the stock falling hard taking the dow down a former employee may have misread regulators about the safety of 737 max planes phil lebeau has been following the story joining us from chicago. You see the sausage being made my photographer handing me new documents we received from capitol hill regarding what a former chief technical pilot for boeing may have known when the m cast system, crucial to the 737 max was being developed. This all goes back to 2016 messages turned over on capitol hill in one of the messages he says oh, shocker alert, mcas is active down to m2 its running rampant in the sim on me. The sim referring to the simulator. Theyre in the process of developing the mcas in 2016. A couple of texts later or messages later he messages a coworker, so i basically lied to the regulators
Dropping below the s p 500 dividend yield which is crazy. You can make more money on the yield on the s p 500 than on the 30 year. Unfortunately the algorithms are utilizing global yields as the correlation to equities and that seems to happen from time to time. Remember prior to that it was the chinese currency any time that traded above a 7 Point Equities move lower. So youre looking at global yields and youre basically understanding that protectionism doesnt exist in global asset pricing. What do you mean . Thats exactly what is going on right now so the United States is blessed with technology. The United States is blessed with low energy. Zero versus the rest of the world. Correct but why is that becky . Because we are seen as the best economy globally and thats where i see protectionism doesnt exist in asset pricing the rest of the world is just driving capital here. So you can see bond yields coming down precipitously but still see it being something that doesnt drag the stock m
Price of oil today, wti crude well below 90 a barrel and sort of a line in the sand. We are at 88. 78. We were at 87 and change moments ago. Consistent with that, lets put up the u. S. 10year Interest Rates. Dropping. Were looking at 2. 35 . Pretty much a Straight Line down mirroring what were seeing as you mentioned in oil and stocks. It might be a classic riskoff kind of day and we have the panel to talk about and a new warning on Housing Market. Is a triple dip . Some see it hitting a speed bump. Find out whos saying that and could mean for the market and the economy. Big day here for the cnbc next 25. Three top candidates for that very exclusive list will be with us today. Melody hobson, Anne Wojcicki and kal cole with us. They will be with us today on closing bell. Yes. A lot coming up. Markets, as bill mentioned, pretty much the lows of the session. Dow off 200. 1 today. The nasdaq losing 50 points. S p off by about 20. Russell 2000, art cashi this morning on show yesterday we sh
Frz germany and the euro szone i at a fresh year twoyear. Hp ceo, shares of the dow component under pressure after last nights earnings. What could turn hp around in just a few minutes. Retailer abercrombie and fitch getting hammered in the premarket. Ceo says young consumers are not recovering. Sears is coming in weak. K mart down more than 2 . And one point for marissa mayer. Yahoo beating google in u. S. Web rankings. Weve got the details coming up. But well start with hp. Stock down in the premarket as the tech giant reports 8 drop in revenue in Third Quarter thanks to problems in pcs. Servers and other businesses. Company also announcing some changes to the top management. Replacing the executive who had been in charge of its struggling Enterprise Group. So many questions, jim, for meg. Where are you going to begin . Im going start with have we regressed . We had a fiveyear turn around plan. Shes doing very, very well. Remember, the stock was right about here when we came in. Stoc