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Three days in a row of 10 hours of netflix each day. Besides reading news. I had to catch up. Reading all news all weekend long. And watching. Lets get started with the headlines. Another home run for carl icahn. Forest labs agreed to be bought by actavis. Icahn has been pushing for sale for more than a year, he is the secondlargest shareholder in forest labs. Off. Rsistence pays he has threatened a proxy fight for the last three years. To appease them, the company give him some seats on the board and he got his guy as ceo. As a result, you get the outcome that carl icahn wanted all along. Forest labs to be bought out. He is different from the other activist investors. How many years has he been invested here . At least three. Lets not forget the fact that he came into the stock saying it does not have scale, it does not have a sales force that is as strong as the other players. Forest is of the day, not a slamdunk hit for activists. It has a problem developing new drugs ever since its ....
We are set up what may be a slightly lower open. Lets get to the road map. It starts with phone. Wallets, watches, apples event kicks off in just a few hours. Full coverage of what we will see, what it means for apple stock price hovering just shy of 100 a share. Buy organic. General mills buy annies for about 800 a share. Mcdonalds sales down almost 4 worldwide. Shares continue to struggle. Lets get to carl who 0 is in california awaiting that apple event. David, thanks a lot. You guys and me, weve been through a lot of apple launches together. There are a couple of Different Things about this one today. First one is the i watch has been relatively leakproof by most apple standards. The other difference is the venue. This is where steve jobs unveiled the mac 30 years ago. A watch would be tim cooks new product category as ceo. Apple clearly believes there is something historic about todays event. What do we expect . Lets go thr ....
Lori our top story, new developments in the us airways and american air merger. The department of justice in six states filing a antitrust lawsuit to stop the merger. The airlines were expecting to seal the deal in the next couple months. It could be taking a nosedive in light of the suit. Although the Justice Department suit might keep the merger grounded for a while, the airlines are not taking it lying down. Fox businesss rich edson is live at Reagan National airport with the latest. Rich, what is going on . They thought they would wrap this merger up, us air and American Airlines this quarter. We may have to go to court because of this one. Department of justice, six other jurisdictions filing suit, saying uhuh, no way. This is from attorney general eric holder saying this transaction would result in consumer ....
A good half percent, we are back to the flat line. Over three days if you look around e low was today 12 30 that was 1. 6 . Phrbgmarkets down enough you will find buyers. Year, you see the yield up because retail sales came in expected up. 7. If you have retail sales better and means tkpwroefrpt higher yields and a sooner taper lose interest in big go gold. There you have it. No longer all the fed money sloshing around. Selloff. That is the worst day on gold weeks. We go to the beg three. We go to the record i. P. O. 2. 35 billion. For shares and today. They are rising by 9 . We have seen consistent gains the session, not a lot of volatility and relatively facebook are higher on the news it will be as teradyne s p 500 instagram willnd let users send photos and videos friends and groups to be able to discuss them. Lemon looking for comparable sales to be little holiday quarter. Been looking for 8 on bad weaker results p. R. I think we may have had something to do with that. We will talk ....