When we published a couple of weeks back a note that said we might see a little bit of deceleration in the short term and this might be as bad as it gets, but that shouldnt change the overall picture that the rate of decline has dramatically accelerated for Traditional Television and there doesnt seem to be any question that we are in a new normal where the rate of decline for the traditional system is probably anor so per year, which is extraordinarily rapid decline for something that has been around as long as traditional paid tv distribution. You are talking about cable and satellite primarily, correct . Craig thats right, traditional communication via cable and satellite. Of thet interesting part story is if you went back a year ago, you would have said the the youtube tv and life werehulu driving integration with from tv. Today that thesis looks wrong and the uptake of those Virtual Services is not terribly strong. What you are seeing is people just defecting entirely from live te
Yield, no, we dont have negative rates the way they do in some places in this world, which still is an amazing thing but you dont get a lot when you loan your money to the u. S. Government for ten years 1. 863. The road map, megamerger kraft and heinz agreeing to merge with the help of Warren Buffett and most importantly 3g capital creating what will be the worlds fifth largest food and Beverage Company. I think Third Largest theyre saying in terms of Food Services or food products. Plus, dow futures pointing to a flat open this morning after an unexpected drop in durable goods for the sixth month in a row. Shares of merck, up in the premarket. Drugmaker announced it will increase its share of buyback by a significant amount this after good results yesterday on a potential melanoma treatment had the stock up. Start off with of course the heinz kraft deal. Unexpected deal structure, perhaps, for a name that has been rumored a bit. That is that heinz 3g Warren Buffett, are essentially ta
A Top Hedge Fund manager says theres a clear consensus that we are in a tech bubble. In his letter to clients, David Einhorn says companies he is betting against may fall at least 90 if and when the market applies traditional valuation. He writes certain cool kid companies and analysts are pretending that compensation paid in equity isnt an expense because it is noncash. At ts profit dropped slightly in the first quarter. Revenue was up 4 thanks to a growing wireless business. The company added 625,000 monthly subscribers, up from 296,000 from a year ago. At ts next program which allows customers to make Monthly Payments on phones rather than signing contracts allows the company to pay less in subsidies. Amazon is apparently taking a sales hit in states that collect online sales tax. Researchers at ohio state say households have cut their amazon spending by about 10 in states where online sales taxes are collected. Amazon sales of items over 300 have fallen by 24 in those states. Now,
With us. Im betty nguyen. A st i can encount risky encounter between the two superpowers. Russian fighter jets flying dangerously close to a destroyer in the baltic sea. Now, u. S. Officials are expressing deep concern over one of the most aggressive acts by russia. Nbcs Peter Alexander has more. Reporter below the bridge wing. A pair of russian jets buzzing the uss donald cook. The unarmed attack planes once striking within 30 feet. So low one official tells nbc news that it caused a wake in the water. These photos revealing how close they came. The flybyes more than 30 in all between monday and tuesday. U. S. Officials they the cook was in International Waters 70 miles off the russian coast. The ships Commanding Officer condemning the behavior as unsafe and unprofessional. Watch the jets aggressively swooping in over the deck. Simulating a maneuver that would be used in an attack. Earlier a russian helicopter made seven passes above the cook, photographing the ship. The department of