All right. Im tired of hearing about the koolaid as in cramers drinking the koolaid again. On a day like today where the dow gained 107 points, nasdaq cliemded 0. 64 , i got to tell you, i know what the koolaid looks like and what it takes like and this aint it. I actually covered the horrific event where the phrase drank the koolaid came from. Back in 1978 i was a reporter covering everyone who died violently in california for the late lamented harold examiner. I was assigned the actual jim joans case, the man who lured 900 of his followers to his death because they did drink the koolaid. That concoction was laced with cyani cyanide. This market i think its laced with some tried and true principles. But to get upended by the rhetoric is next in line for the peoples temple potion. What are some of the oldfashioned concrete methods that can call this poisonous tonic into question. Lets start with the transports. It its one of the old evidence theories when it comes to stock before you c
Government could buy more boeing planes and the stock hits a new high. Coal country celebrates. The president follows through on his promise to roll back regulations. But is it enough to get the ailing industry back on its feet . Those stories and more tonight on nightly Business Report for friday, february 17th. Good evening, everybody. Kraft heinz is hungry for a deal, a big one. One worth more than 140 billion. The food conglomerate, backed by billionaire Warren Buffett and the brazilian private equity ferm 3g made a takeover offer for unilever in what would be one of the biggest deals ever. But unilever said hold the mayo and kraft heinz may not take no for an answer. That may be why shares of both companies soared double digits in trading today. Sarah ieisen explains why this may just be the beginning of a Consumer Food saga. Kraft heinz, which itself was born out of an acquisition put together by brazilian private equity giant 3g and Warren Buffett is trying to combine itself wit
We will be facebook mentioning. Sue serio, what are you giving up for lent . Sobriety. Okay, believe me, ive got a million of them. All right, weve got few more flurries and snow showers around this morning, this storm is not quite finished with us yet. But we told you that. We told you it would last through wednesday morning. Some slippery spots, side streets, and sidewalks, where you have to really watch it, and winds picking up later on today. Lets take a look at our sweeps of ultimate doppler radar. See, told you, there is still some snow on the radar. And it is in montgomery county. It is in a little bit of bucks county, chester, lancaster, berks counties, right now, so well look a little more in depth at radar in a few minutes, walking out the door right at freezing in philadelphia, but with a 8mile per hour breeze, and you see the flag right there, it feels like 25. So, sunrise is at seven, on the dot there is morning. Thats a big milestone. Because that means the days at least
Wont even start production until late next year. Now while its a good headline number, all those deposits, of course, are refundable. But jon, a lot of discussion about how many they can make, how quickly. How much money they have to make them, no matter what the orders are. I view this as an indication of interest, not necessarily of demand. I mean, this is a 35,000 car in a way that a starting price with 7. 500 off if you get that federal subsidy. But the first one to roll off the line that people are waiting in line for, they might be 55,000 cars. Its not like these people went through credit checks to make sure they can actually afford that. And if they have to give the money back because they cant afford the car, so what. You look at luxury car sales in 2015, bmw, 346,000 and was number one. Thats getting close to these numbers. So can they even make these this many. Can all these people afford them . Lots of open questions here. But very interesting interest. Jessica, they almost