Business. With a deal like this, looks like he was a good learner of all this. Well talk much more about this potential deal in just a few minutes. Immediately people are saying apple never paid for a brand, it was always its own brand. Beats, at first i didnt understand it. It was totally overpriced. My kids both have a couple of pairs. Theyre plastic. I dont know whether the sound is better. I know kids want them. I remember a couple of kids were looking at them. I wonder, are those knockoffs, are there real . Theres a cache around it. Theres the music business. Thats fledgling. Thats what apple really wants. For a couple of years, downloading itunes was growing and growing. Now its down 6 or something, yearoveryear for those tunes. I was amazed that sales of beats is like 1. 2 billion in revenue. I was thinking about that. Everybody who wants a pair has them. But they break. At least the ones my kids have had, that weve had to replace. If you drop them. 3 billion, 1. 2 billion in sa
And a victory parade fills up moscows red square as russia shows off its military prowess ahead of a weekend referendum in ukraine. Well be joined by the former uk ambassador to russia. Youre watching Worldwide Exchange, bringing you Business News from around the globe. Hello. Warm welcome to the final Worldwide Exchange of the week here on cnbc. Equities weighted to the downside in europe. Around about 73 decliners currently outpacing advancers on the dow jones 600. By the close of play yesterday the ftse was up around 43 points, the dax up nearly a percent. This morning, the ftse is down a quarter percent, cac current dune nearly 0. 5 and the ftse mib currently off 0. 6 . The nikkei up 0. 25 , fairly flat in the hang seng, the kospi up a third. China cpi up at an annual rate of 1. 8 . The smallest rise in 18 months. Producer prices down around 2 . The 26th straight falling producer prices. There is certainly scope and room for the peoples bank of china to add more stimulus if it need
It is part of the brand and the revenue stream and it has fallen behind both in the hardware space and the streaming space. Brings applenics the headphones that everyone wears. On the music streaming site you have beats music that has garnered a lot of attention. I do not know how successful it has been on the business side because they have not released numbers. Right, so is it worth 3 billion . Complex many analysts would agree that it is not worth any analysts would agree that it is not worth that much. What is concerning is that youve never had apple acquire a brand, ever do big deals. Billion dollar deal for what essentially boils. Own to a brand that is cool it is not a new technology. It will not move the needle on the technology front. Apple has a lot of money. Overseas but the money is not accessible. Debt tos had to issue give shareholders value back. Yes, it is a blip on their overall cash balance, but if you look at their operations, it is not a small number, he even even f
For reelection and they face defending obamacare in their campaigns. Tough. The cancer patient who the wall street journal oped piece sparked a firestorm the white house called it absurd. Speaking of absurd the national joke on obamacare has come to this. Hey, do you have that obamacare . Obamacare, whats that . Whats that . Oh, its great. Its great. What is it . I started signing up last thursday and im almost done. With fidelitys guaraned onesecond trade execution, we route your order to up to 75 maet centersrs to look for the best possible price mae even better than you expected. Its all part of our goal to execute your trade inn. Iderrick chan of fidelity investments. Our onesecond trade execution is one more innovative reason rious investors are choosing fidelity. Now get 200 free trades when you open an account. Help the gulf when we made recover and learn the gulf, bp from what happened so we cod be a better, safer. I can tell you safety is at the heart of everything weo. Weve a
Coke ver cusus pepsi, one firm,e 35 billion deal webetween omnim and publicis. Far from the only deal. Saks is going to be bought and the battle over Pharmaceutical Company elan ends with a big bid from perrigo. The second half of earning season, hertz and wynn in focus. The hertz ceo will join us as well. Help wanted at amazon. The Company Announcing today it is adding more than 5,000 jobs across the United States. First up, deals involving highend retail and pharma in the fix today. The biggest deal u. S. Based omnicom and publicis group, a merger of equals. The new Company Worth 35 billion and will be the Worlds Largest advertising firm. However, the deal is expected to face intense regulatory scrutiny. Live with the ceos of omnicom and publicis later on squawk in the street. In addition, perrigo and elan and saks and hudson bay. Merger monday . Yes. Yes a merger monday. Got to go there. Thank you. Welcome. Dont believe it is that is it a sign of things to come. Certainly theres a p