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I know. Alltime highs we have like, what, 39 trading days to go is that it . It is a tight time frame here the interesting thing around the market is it has shrugged off concern. One of the reason the market has gone higher is because of really light positioning. That mentality hasnt changed. That has fuelled the rally in the market you see the dow in the green but just barely. Nasdaq futures down by a point again, we are sitting at new highs after the gains we added on yesterday you look at the treasury market yielding 1. 85 xerox looking at buying hp. The company has an informal funding commitment xerox has a Market Company a third of hp. Both of these companies former technology stall waters. Xerox has had a couple of falls. Do people steel xerox things it is like faxing. Hp has tried to keep up it is like help me im drowning. Hp shares are up. Xerox somehow is the acquiring company. And there would be a premium to hps market c ....
Good evening, everyone. Welcome, a landmark deal in the tech industry. We told you friday it was likely to happen. Today it did. Get to that story in a moment. We begin tonight with deal buzz in another sector the media sector as first reported by cnbc, 21st century fox has been in talks to sell most of the assets to disney. Even though the talks have ended, it sent stocks, disney was up 2 viacom, discovery and cbs also rose. David faber broke reporter 21st century fox has been holding talks with disney. Now, the talks have taken place over the last few weeks. Given the complexity, its its seen as a tough deal. The two sides are not currently talking, but given the o again off again nature of the talks, they could be revisited. For fox, the willingness to engage in talks, is a growing belief that scale in media is of immediate importance and theres not a path to gain that scale in at the same time through its believed that they could compete more effectively in the marketplace and also ....
S p 500, bill, up twothirds of 1 for the session, i do believe. 1732. Thats going to be a fresh closing high. That will be a new all time high for the s p. Big blue weighing down the dow, though. Bob pisani, back to business on wall street. Earnings back to center stage where it belongs. Absolutely. This is our comfort zone, folks. Not washington politics. Lets take a look. Bills right. New high. By the way, closing high, too. 1725. 52 is the old closing high on the s p. And we did it again. By the way, though, historic highs on the russell 2,000. Talking closing highs. And the s p 400 mid cap. Broad rally. This is why the market is so strong. Look at the sectors today. You had a day where ibm was weighing down the tech sector. Techs put up the sectors here. To the downside, technology. You get other sectors moving forward. The story throughout the year. Techs, big sector. Second big, financial. Financials were strong today. Even smaller groups like materials. So they fell in the middl ....
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