Dagen democrats held a talkathon on the floor and then after midnight. A new thread over syria. The assad regime could be planning another chemical weapons attack. Present at trumps warning to Bashar Alassad i had. Wildfires raging out west. Nearly two dozen fires burning. 1500 people evacuated in utah yesterday. December in more than 100. Consolidation might be coming to the wall street journal reported sprint is in negotiations with comcast and charter for wireless deals and possibly a takeover. What that means for the industry had. Breaking news right now. Googles Parent Company also that with the record for the European Union is to . 7 billion. Regulators over there saying they abused market in the search. How it could set a precedent for google and other businesses. The battle over driverless car as he did not apple making vehicles Car Rental Companies manage their fleet. Futures pointing to a lower open this morning on the dow futures. Europe stocks edging down as well. It was ga
9. Terry is here joining us. We tackle samsung first this hour. Warning about thirdquarter profits, slashing them by a third as the production eats into their bottom line. Apple, meanwhile, is up 20 over the last month and up several days in a row. Cole windergart hasnote on apple called evidence on iphone strength. Good to have you back. Hi, how are you . How much strength are you assigning to samsungs difficulties . We already thought the iphone 7 would do quite well. In addition to this, the way i think of it, the note portfolio specifically we think maybe does 20 Million Units a year. We think apple can capture at least half of that volume Going Forward because this products now going to be halted. There is a longerterm issue that will be more beneficial and currently underestimating expectations, which is you think of the high end of the smartphone market, 350 Million Units a year. Its a twoplayer market. And what we have found in the past is when market share shifts to apple, the
Relentness. Netflix has an audience for house of cards, candy crush and twitter insiders have a chance to cash out. Theres news on google and spot aphi, too. They suggest a 500 gift from the taxpayer to every baby born in america, maybe i should expand my family. Watch out, Varney Company is about to to begin. In the new nework, we dont back down. We only know one direction up soere up early. Up late. Inking up gamechanging ideas, like this dozens of tax free zones ross new yorstate. Move here. Expand here. Or start a new business here. And pay no taxes for 10 years. With new jobs, new opportunities and a new tax free plan. Theres only o way for your business to go. Up. Find out if your business can qualify at startupny. Com which will cause me to miss the end of the game. The x1 entertainment operating system lets your watch live tv anywhere. Can i watch it in Butterfly Valley . Sure. Can i watch it in glimmering lake . Yep. Here, too. What about the dark castle . You call that defens
Quarters centralize control economy. They are big enough. They are powerful enough that they can probably pull this off. We will have to see how it happens, but that is an important thing for the world economy. Europe, on the other hand, is another story. If you believe in the mayan calendar that the world will end in 2012, europe might be the reason for it. It has an awful lot of problems going on. You read about the sovereign debt crisis in the news. That is one problem. That is probably the least problem that they have. The second problem they have is most of the banks are undercapitalized. They need to increase their capital and as a result, they cannot make the loans needed to expand the economy, and that is a big concern, and banks are bigger in europe than in the United States, much more prominent in terms of driving the economy. The third most important part is the fact that they are really going into a recession, and it will not be as big a recession is what occurred in 2008 a
That rally overnight. You can see right now at 99. 65. The dow is still within about 2 of its record close and on track for its second biggest weekly gain of a year. The futures as we head into this are looking at this point like they are up about 35 points above fair value for the dow. The s p is up by over 1 points and nasdaq up by five. We have a great number of people ready to talk about the markets this morning, including haung paulson who will be joining us in studio at 7 00 eastern time. Plus, we have marc lasry. We are former wells fargo ceo dick kavasovic. Its going to be a big show. Thank you, becky. We have Corporate News this morning, that music when you first saw becky this morning, that tweety bird song, the reason were doing that is because twitter filed for its ipo with regulators. Making an announcement in its tweet, the social networking site following for an ipo confidentially under a new law intends to help emerging corporations with less than 1 billion in revenue g