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Ten states are beginning to work on plans to open parts of their economy. Maybe in may, the fed launches a commercial paper funding fa s t facili facility there is an argument that calls for stocks to retest are fading. I thought yesterday was an important day with the dave kostin change. I did a lot of work, help with larry williams, about how many times when you have a 50 retracement or more, we have a retest the answer is almost never i think theres a lot of people coming on someone came on the air this morning and said in every single case you have to have a retest. Thats completely untrue if you bounced up 50 beginning last friday thats what we did. A lot of people say this thing is based on large cap companies. Thats what we do. Were not trading luncheonettes here thats not to the detriment of luncheonettes. Were not trading hair salons. Thats not the way it works. We trade Large Capitalization Companies that ....
Picture. Goldmansachs expects the fed to begin easing in q2 of next year. Also ahead, were going to talk about what is next for the tech sector. This is in the midst of whats been a rough august at least so far. Were down 7 month to date. And letter x Surging Company rejects an unsolicited takeover offer from its rival, cleveland cliff. Lets get some other news, though, as well, as we start the show paypal has a new ceo whoa. Yeah. Alex, who currently runs the Small Business and selfemployed group for intuit, is going to take over from paypals longtime ceo dan shulman on september 27th according to members of the board a little earlier than expected they conducted the search for paypals new ceo shulman will remain a paypal director until next may. Chriss being hired was a result of the process where the board interviewed nine ceos. They reduced that pool to four candidates a ....
Unsolicited stakeover bid led by anbang insurance group. Well give you the latest. United airlines ceo back to work today but the activists are not cutting him slack. Whats ahead for munoz and the airline at large. Starwood is up sharply in premarket trading. They received a takeover proposal from chinas anbang insurance. Its worth about 75 a share in cash. The board of starwood says it is not changing its recommendation at this point and supports the companys planned merger with marriott, but they have a waiver from marriott that will allow them to negotiate until thursday. People familiar with the situation indicate the hope is they can hammer out a definitive agreement with anbang insurance, which has chris flowers, former investment banker people may have known. And primivera, not an old Italian Restaurant on the west side, but a large private equity firm in china. Some of these names may be unfamiliar, but the 76 a share ....
December. The road map begins with the markets climbing back. Dow and s p back for the year. Oil with a 4 handle. The bidding war for starwood. The hotel change taking a higher offer from chinese anbang. Now marriott has five days to respond. As twitter hits an anniversary, jack dorsey says where the company goes from here. The bidding war in process for starwood. The company that had reached a deal to be acquired by marriott some time ago for 0. 9 shares of marriott and 2 bucks per share, and a spin of this time rental business. Thats what im thinking of, right . This morning as we reported first and has been confirmed by the company, anbang, the Insurance Company from china, along with chris flowers and primavera, large equity firm in china have agreed to purchase starwood for 78 in cash this is 2 above the previous bid they made to buy the company, and a bid that has been accepted by starwood. Before starwood can sign that d ....
Europe, a couple hours left in the trading session. Mixed picture, pressure in spain and italy. Ireland, u. K. As well, and portugal in the green today. Road map begins now with markets setting up for a lower open after yesterdays bounce back. All major indexes logged the best day in two weeks. Target slips in the premarket after lowering the outlook and raised estimates of expenses related to the data breach. Cochairs hire ahead of the open after the company handedly beat expectations riding a wave of international sales. Cbs ahead of expectations raising guidance for the year. Futures point to the lower open. U. S. Stocks off the best day since july 18, volatility dropped more than 10 yesterday, and crude oil broke a fiveday losing streak, inching up a bit, jim. But the question is whether august continues the streak of under performing august or yesterday change something. Did yesterday change something for you . No. We still have the russians massing on the ukraine border. That sho ....