We will have more on that in a moment. But we begin with that onagain, off again merger of mrint andile which now appears to be very much on. After years of intense gulatory scrutiny, the Justice Department today approved 26 billion deal which brings together the nations third and fourth largest wireless providers. That news sent shares of both companiesighertoday, even thoughpp the aroval comes with conditions. Ylan mui rorts for us from washington. Reporter the department of justice giving the green light to the 26 between tmobile and sprint, but forcing the companies to sell some assets as part of the deal. Will the agreekment, sprint have to sell the prepaid business to dish and spectrum to dish. E company will have to make 20,000 sale sites and hundreds of Stores Available to hish. Dish woue access to tmobiles network for sevenar assistant attorney general megan gallahine said without the rger it would harg competition. It sets up dish as a dis iptive forc wireless. This agreement
President trump is talking drug prices with the Ranking Member of the Oversight Committee right now. Well bring you the latest out of that meeting coming up. See what they talked about. A billionaire Real Estate Developer who says he turned down President Trumps proposal to build a wall on the mexican border. He will join us to talk about his relationship with the commander in chief and whether mr. Trumps negotiating skills will come in handy as he tries to get tough bills passed in congress. First the ying to elon musks yang. J. B. Straubel on the companys energy push in hawaii. And diane greene, the cofounder of vm ware will join us and talk about how google is taking on amazon web services. Back on track. Starting with appaloosas david tepper. Making headlines after sharing his bullish market views on squawk box. Here is what he said. Were more long u. S. Stocks. The bigger bet is on listen, its all the same sort of bet. If were short u. S. Bonds, were betting on a stronger economy
Wrapping up talks with house and Senate Republican leadership. Lot of talk about that here. But trump and House Speaker paul ryan describing the meeting as, quote, a positive step toward unification. Okay, you can read not yet at unification, not all the trump news is coming out of d. C. Plenty of trump pepper at the salt conference. Thats the skybridge alternative conference in vegas. Former House Speaker john boehner departing from the current speaker and throwing full support to donald trump saying anyone who thinks donald trump cant win, quote, just watch. This is the trump Fundraising Team uses this very conference to strategize and raise hundreds of millions of dollars for the president ial race. One of the houses most conservative congressman reacts to trumps day on capitol hill. Congressman Nick Mulvaney here live along with ed rollins and Julie Roginsky, on all the a no republican side but wait until you hear what bernie is saying about hillary. Were not talking all politics a
Month the markets falling when investor thought a rate hike would come in june, and recently big rallies when sentiment shifted accepting the possible rate hike. Keith banks is the president of u. S. Trust bank america wealth management. Rick szelc the managing director of neuberger berman. Eight years later, is it all about the fed . All about the fed. More about earnings. We view it right now the p e multiples about 17 time, not going to expand much from here. To make a case for higher levels in the market, you have to make a case for stronger earnings. But 17 historically is a high number for s p earnings. Isnt typically 15, 16 the higher valuation. The high end of a range and, in fact, we just actually at u. S. Trust went more neutral on equities in a tactical allocation shift, and the reason we feel that way is with multiples at full levels, number one, and with the summer coming, with possible rate hike fears, u. S. President ial election, you got the u. K. Referendum, a lot of s
Anthony its true, and this month the markets falling when investor thought a rate hike would come in june, and recently big rallies when sentiment shifted accepting the possible rate hike. Keith banks is the president of u. S. Trust bank america wealth management. Rick szelc the managing director of neuberger berman. Eight years later, is it all about the fed . All about the fed. More about earnings. We view it right now the p e multiples about 17 time, not going to expand much from here. To make a case for higher levels in the market, you have to make a case for stronger earnings. But 17 historically is a high number for s p earnings. Isnt typically 15, 16 the higher valuation. The high end of a range and, in fact, we just actually at u. S. Trust went more neutral on equities in a tactical allocation shift, and the reason we feel that way is with multiples at full levels, number one, and with the summer coming, with possible rate hike fears, u. S. President ial election, you got the u