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Cfo to talk about competition from google and airbnb. First our lead microsoft is considering an investment in uber at a valuation of about 50 billion, but a final decision has not been made. Microsoft declined to comment but, uber recently bought a portion of Microsofts Bing mapping unit from the Software Giant and they are integrating uber into cortanas Voice Control assistant, which means you can sync with microsoft devices. Christina bass is on the phone. With me in the studio is hunter walk, who will be my guest host for the show today. Also, Technalysis Research founder bob odonnell and crawford del prete. Thank you for joining us. Dina, i will start with you because the wall street journal is reporting this deal is closed. You say a deal is not done yet ....
Know. Steve . Reporter yes, were entering a third hour of the eastbound lanes shutdown. And as we get further into the morning, traffic is building, and making the situation for commuters a lot worse. Because 5 00 a. M. Really starts to build up the morning rush hour around philadelphia and this may be the busiest rode through philadelphia. What happened was on the eastbound lanes, around 3 00 this white acura being driven by a woman got into a collision with one of two motorcyclists riding close together. The other cyclist, witness, is the man you see right along the median here, and maybe in the dark you can make out hes wearing Harley Davidson jacket. And hes 31 years old. And he called his father right away, and we got some information from what he told his father secondhand that they were riding, nothing unusual, and this car hit his friends. We dont know what happened beyond that. But we know his friends was killed, despite ....
European equities on that historic day for the uk. We were just talking about this, the ftse 100 almost 6700. This index has recaptured its prebrexit highs and then some. The german dax still lagging. Italys might s mib is lower. Spains i bex is higher. There has been so much action lately. The euro hanging in there about 1. 10. The yen has been weakening again of course after the elections and bernankes trip and whether or not theres going to be helicopter money. Finally a check on crude oil. Yesterday the rally did the traders on the floor contribute to the rally we saw in stocks broadly. Energy one of the best performers. Today its moving the other way. Wti and brent lower. Which is by the way the best performer of the year. Up nearly 1 again at 2. 75. Todays economic agenda. Followed by the monthly federal budget and beige book. Kaplan and harker are speaking today as well. Young brands report earnings. Two prominent members of the fed making comments. Neel kashkari saying it isnt ....
Copyrights. The court ruled 63 in favor of he broadcasters. Ice scalia wrote but what is the future of pay tv with this decision . I spoke with John Erlichman who has been following the story from the very start. And joining us is bloomberg contributing editor paul kedrosky. His ted by asking bill take. From the very beginning it was going to end up in the court system. Any type of telecommunication threat, whatsoever, you have two large institutional masses that know how the litigate and lobby and win those types of battles. If you go headstrong into either one of those trying to disrupt, youre going to end up in the courts, absolutely. You have this big investment in uber. Surely you guys have thought about it from the very beginning this is going to run into the commission kind of issues. There is something very ifferent about municipal regulations and federal regulation. In municipal regulation, it is very easy for a mayor, a ....