, and i am Francine Lacqua, here in london. Merger, with moncler s. P. A. Buying stoneham. If you look at stocks, near record highs, a hope for a u. S. Stimulus deal, tampered concerns about coronavirus, and of course on the brexit front, the pound is rallying as u. K. Prime minister Boris Johnson is heading to brussels for a teteatete with the british european negotiator. Luxury on is a new the block, moncler has agreed to buy highend luxury brand stoneham in its first major acquisition. Turning down a takeover approach last year. Joining us, i am delighted, it remo ruffini, chief executive director of moncler. Thanks for joining us. Is this a new luxury conglomerate that you will create . I am, actually, you know, concentrated on the deal, because i am quite concentrated on the deal, having said that, never say never, because last friday, when we decided to close, and i prepared the press title was beyond station and beyond luxury. We need to find something to be as much unique as we
Just over an hour. Thanks senator lee, let me welcome the six witnesses whom i will introduce. Prior the joining live nation, partner with Mckenzie Company leaving west coast practice. The Company Originally launched as aggregator of resale ticket listings but operates as primary ticket outlet and secondary marketplace for sports teams and live event venues. Prior to founding this is a return trip for mr. Mickelson. He testified before the antitrust committee in february in 2009 of the hearing of the then pending merger of ticketmaster and live nation. At the time he warned of any competitive effects of the merger could have stating, quote, its my belief this merger is vertical integration on steroids, close quote. I look forward to hearing an update. Senior Vice President of the James Madison institute, jmi, tallahassee think tank focusing on free Market Economics in florida. His writings have been published. Catherine british serves as the american antitrust institutes Vice President
Live from noon to 3 00 p. M. Eastern. Yesterday the Treasury Department discussed Economic Growth and Currency Exchange rates at a form hosted by the Jack Kemp Foundation. He is introduced by foundation president. The son of former congressman. This is an hour and 15 minutes. Joining us today. My name is jim kemp. We had been around for about nine years and we have a very International Audience today. Many people in the United States remember him mostly for being an nfl quarterback for 13 years for the Buffalo Bills and most of that time in the 1960s after he have a sufficient number of concussions he decided it was appropriate to run for the United States congress. In 1970 my dad was elected for Congress Just outside of buffalo new york. And serve in congress for 18 years. Until he ran for president in 1998. Unsuccessfully losing to George Hw Bush in the primary. They served for four years. And then he went into what he called the political wilderness. In the early 90s. And he was ver
Courtney reagan who is in for sara today who is on assignment. Good morning. Good morning. Lets get straight to the market action. Rallies across the board. Record highs across the board yesterday as we said already. The dow, s p, the nasdaq, russell 2000, s mid caps and th dow all hitting fresh highs yesterday. Extraordinary stuff. Broadness of the rally. The dow called higher this morning by 42 points. S p by 3. Nasdaq by 3. 5 points. U. S. Equities doing well. We also saw equities in europe do well yesterday. Lets look at what the euro did over the last 48 hours or so. It moved very sharply. Initially going about a percent higher. When the decision from the ecb was announced, the market was focusing on the fact that the monthly size of purchases was reduced, there fourth euro rallying on the expectation, that meant stimulus was being withdrawn. About an hour later, when the press conference began, the euro fell sharply. About a percent and a half down for the day. That was when mari
N update looking at the major averages, we are down for the s p. At four. 4 . Lets look at how the agencies have performed for the month. Session, abe its 38 1 move. Down insee the dow is the s p is down and the nasdaq is up. 8 in august. Lets move to oil and we can see a reversal. Right now, oil is trading at or before and 71 is down 3. 5 today. It began the month with its worst day. Talk about symmetry there. 3. 7 , stillown trading below 45 per barrel. Oil is up 7 and it is the first monthly gain in the last three months. Exxon is down about 1 and chevron is down about 1 . Given the move in oil. A look at some stocks on the move. Going tosaid it was stop or at least try to stop any are Merger Acquisition they thinking of doing with monsanto. Both stocks are down today. We will move to the first word news. Mark crumpton has that from our newsroom in new york. Mark thank you. Donald trump has landed in mexico city and the flight touch down a few minutes ago. With theeduled to meet mex