Dont think that theyre going to be highly impacted by what mr. Trump may say. What theyll be impacted by is how much of the market movements they internalize in their own projections. Vivendi turns up to the pressure on mediaset, sending the shares to the top of the stoxx 600. But a media battle could be brewing as fininvest, mediasets biggest shareholder, warns against a hostile takeover attempt. Healthy discussions . Actelion shares slide after the Swiss Biotech Company says it is in strategic talks with an undisclosed suitor, as Johnson Johnson drops out and a report suggests sanofi could be the winning bidder. Good morning. Welcome to street signs. About an hour into the european trading session, a decent amount of red across the european map with the italian ftse mib outperforming, but investors in wait and see mode ahead of the big fed decision where many people will be looking not just to the decision that many are thing will be the first rate hike this year but also Janet Yelle
In germany, things are relatively flat there. Lets look at crude oil. Looks like right now wti is down by 8 cents to 53. 96. Couple big stories were watching. A crucial cabinet vote last night in the senate. Wilbur ross was confirmed as commerce secretary after a vote of 2727. Ross is key to the administrations plan to overall trade deals like nafta. The white house will hold a swearing in ceremony for ross today. On the economic agenda. Second estimate on Fourth Quarter gdp at 8 30 a. M. Growth forecast to be revised up from 1. 9 to 2. 1 . 9 00 a. M. , the monthly caseshiller home price index and chicago pmi at 9 45. Consumer confidence numbers at 10 00 a. M. San francisco fed president John Williams and st. Louis fed president James Bullard will speak today. Rob kaplan will be speaking with us at 7 30 a. M. Eastern time. Apple will hold its annual Shareholder Meeting at its cupertino offices. Investors will be asked to vote on nine proposals, including one to rope in a third party on
Advancing. 05 and the nasdaq climbing, i want to talk about whats become the mustown stock of this earnings season. Facebook. If you paid any attention to the market Coverage Today you probably heard someone say that facebook with the newfound 190 billion market capitalization after the 3. 69 rally is ridiculously overvalued. You heard it. I heard it snc you know how they slam it wait a second. They use brand name comparisons like, what do you mean its worth more than intel or oracle for heavens sake . Thats wrong like theyre indig minu nant about it. Its past merck some merck is now tied with pfizer . No way no relatively recent upstart can be worth that much, right . It just came public two years ago, right . Its crazy that its larger than so many american, established dut companies, right . Wrong wrong. Ill do the real analysis that Portfolio Managers use, let me first explain just how stupid this kind of compare son, reasoning really is. I remember in the miden 1980s i was, woing a
Were not searching for a needle in a haystack, were still trying to define where the haystack is. Thats how australias defense minister describes the search for flight 370 in the remote indian ocean. Want to bring you cnns saima mohsin from kuala lumpur and will riply in perth where planes are getting ready to take off, we hope. Saima, first to you. What can you tell us about this socalled International Working group, a group that the malaysian government is now forming to help narrow the search area . Whats involved here . Reporter well, wolf, that still remains a mystery. Thats all theyve told us so far. As you know, we get very Little Information in these press conferences, which is amounting to a lot of frustration for a lot of people, including us trying to report this story. And, of course, more importantly, the families that are involved in this. Now, what we know is that this working group will be heavily reliant on the data that particularly countries like the United States an
Its last day of witnesses before easter break. The latest from pretoria. Hello, everyone. Good to have you with us on this thursday. Youre watching cnn newsroom. Im john vause. And im Rosemary Church. We want to welcome our viewers in the United States and all around the world. South koreas rescue operations are about to get slammed by heavy weather. For now the search does go on. Divers looking for nearly 300 people still missing since the ferry capsized. The death toll stands at nine but could rise sharply. Already griefstricken relatives are bracing for the worst. And just a short time ago the ships captain apologized. That comes after a similar message from the ships operator. Among the passengers were more than 300 High School Students on a field trip to the Resort Island of jeju. Many of those rescued are giving disturbing accounts of what happened as the ship quickly sank. Translator there was an announcement telling us to sit still on the ferry. But the ferry was already sinkin