Pounds under pressure although german Business Sentiment did hit a tenyear high. The samsung saga getting worse. Galaxy note 7 smartphones permanently discontinued. How are the other players like apple being impacted . Well have the latest from twitter. Well give you the latest on the continued talks with salesforce. Alcoa shares falling this morning. Coming up we dig into that report and talk to Klaus Kleinfeld in a cnbc exclusive. First up, samsung has permanently halted production of its troubled galaxy note 7 smartphone. The recall could cost as much as 17 billion. Apple is poised to open at its highest level since december of last year. The stock is up 21 in the past three months. Were now on to a cycle where the replacement phones are catching fire. The company says if you have them, turn them off and were simply not going to make them anymore. I believe the company told people in china that it was the batteries that were the issue. They tried to make a little difference about th
Restructuring and lowering guidance. Shares of valeant are down sharply this after an earnings miss and sharply lower guidance. Well give you the latest on the stress theyre feeling over at valeant. And the viacom saga continues. A hearing is taking place right now in massachusetts. Weve got the details. But first up, futures rising a day after comments from janet yellen propelled the s p to its highest level of the year. The fed chair expressing optimism about the economy and said she sees rate hikes ahead but gave no timetable for a tightening. If incoming data are consistent with labor Market Conditions strengthening and inflation making progress toward our 2 objective, as i expect, further gradual increases in the federal funds rate are likely to be appropriate and most conducive to meeting and maintaining those objectives. She did call the jobs number concerning, disappointing, raising questions. Feds going to wrestle with it and drop that phrase in the months ahead. Right. Well,
Goldman says not likely unless something changes in china. A fight against United Airlines as investors push for six new Board Members including Gordon Bethune. Reports of a meeting including elan musk, larry page and top ranking republicans to stop donald trump. Well get details on that. First the fight that broke out this morning between United Airlines and two of its shareholders with a combined 7. 1 in the company, par capital which is a well known airline investor and altimeter, a less well known hedge fund. They have a letter after a long period of negotiations with United Airlines. They filed a 13d some time ago that resulted in nothing that either side was willing to keel with in terms of accepting potential nominees. So we get a letter and a press release this morning saying any number of things including the following. In their view given united Strategic Asset base long term under performance results from what they say is an under qualified and effective come play sent and e
Medium while producing an album at the same time. Erik good morning everybody. You are watching Market Makers. We begin this hour with some of the top stories you need to keep track of. It could be a 40 billion pharma deal. Teva opted to buy mylan but right now it is just an offer. To propose accommodation of cash and stock valued at 40 billion. A 23 increase to mylans close last week. Mylan took the unusual step of publicly rejecting teva before it made an offer. It recently made an unsolicited 29 billion bid for parago. People familiar with the matter of greece say the ecb may reduce the amount that could be borrowed for collateral. This is happening while europe waits to see greece will agree to a new package of Economic Reforms in return for more bill money. In an interview with bloomberg one says no one is optimistic about greece right now. We have to be totally realistic. It all depends on the maturing of the position of the greek government understanding that in any case if it w
Month but just shy of expectations. Facebook getting an upgrade. And Tokyo Electron is forming a 29 billion chip giant. And Chrysler Group reluctantly preparing for an ipo. But first, shares of facebook are poised to open at new alltime highs, boost being its price target to 55 a share from 38. They see facebook continuing to boost the total is even up here it is socially acceptable and they talk about even potentially being added to the s p by year end, jim. Look, this is one of those this evenin things, when i talked to bob iger at disney, everyone is talking about this term in the future, its the way to get the demographic. My trust does own it, we own it for almost a double now and not selling. Why not selling . Because this is tv of the future. Explain that. Okay, because you read all these articles about people, a big production companies, the cbss, viacoms are all searching for a way to reach younger people, a lot of advertisers searching for a way, another channel, a second way