Are you gonna run for president . I think i just got an f from you actually. crowd applauds crowd applauds gary kelly, welcome. Thank you. Nice to be with you and congratulations on all your success. Well thank you. The long and good record of putting big numbers up on the board. I was actually gonna come in here today and say, boy, isnt it a challenging time to be in the Airline Business . Apparently not, the most revenue, the most profit, the most shareholder returns, the highest stock price. The most customers. The most customers. The highest load factor. You have more planes than ever. Youve got more destinations than ever. Youve got a new reservation system in place. You havent dragged anybody off a plane. audience laughs there are no scorpions in the cabins. You havent killed anybodys dog that im aware of. I mean you really have managed to cut your own path. Yeah stop there. Stop right there, good. audience laughs youve managed to cut your own path here, and i think theres a lot
Are you gonna run for president . I think i just got an f from you actually. crowd applauds crowd applauds gary kelly, welcome. Thank you. Nice to be with you and congratulations on all your success. Well thank you. The long and good record of putting big numbers up on the board. I was actually gonna come in here today and say, boy, isnt it a challenging time to be in the Airline Business . Apparently not, the most revenue, the most profit, the most shareholder returns, the highest stock price. The most customers. The most customers. The highest load factor. You have more planes than ever. Youve got more destinations than ever. Youve got a new reservation system in place. You havent dragged anybody off a plane. audience laughs there are no scorpions in the cabins. You havent killed anybodys dog that im aware of. I mean you really have managed to cut your own path. Yeah stop there. Stop right there, good. audience laughs youve managed to cut your own path here, and i think theres a lot
Starwood. Well talk to marriotts ceo, arnie sorensen. The president in cuba raises questions about Economic Opportunity there. And were hours away from apples highly anticipated event. Well look at what to expect. Valeant has been halted for the past half hour or so. As becky pointed out, mike pearson leaving the company. Ackman to the board. Predictable or not, jim . No. But there hasnt been much that is predictable. Theres a mea culpa note from Lehman Brothers taking the price target from 135 to 134. Taking numbers from 10 the reason i point this out is because the numbers are all of the map. No one knows the cash flow, what the company is really do. Ackman joining the board is a sign he cant dump the stock. They couldnt dump the stock. This is a great mystery, carl. When you have a company where you have to idea what it will earn, where its dermatological business is being carved up aggressively by allergan. Ophthalmological being carved up by j j. All this stuff. This is a company,
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 definitive agreement which has been fully financed, the deal
Overnight in shanghai down almost 4 as the yuan sits near a sixmonth low. The roadmap begins with the markets, the s p starting off shy of the fresh record high and the nasdaq beginning from right around its highest level in 14 years. Home depot is posting quarterly profit above expectations and boosted dividend. Different story with macys and shares slipping after same store sales came in below expectations. And jpmorgan expected to announce job cuts in its mortgage and consumer business. The bulls off to a good start, the dow jumped more than 100 points and closed at 16,207 and the s p hit 1858 before pulling back and closing at 1847. Thats a point away from its alltime closing high. And as we said, the nasdaq reaching a 14year high before closing off its best levels. Jim, you said last night you would try to play the role of the skeptic. I do not like to see the nasdaq at a 14year high. I took to heart some of the comments we said on yesterdays show which is when you Start Talking w