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Im Erik Schatzker. Im scarlet fu in for stephanie ruhle. Airlines,al, malaysia we will try to make you forget about some of that stuff. In the meantime, newsfeed stories, and around the world. Consumer spending rose slightly in february. It again 0. 3 . Oft is the median forecast economists we polled at bloomberg. Americans are slowly shaking off the effects of the coldest winter in four years. Household spending on Services Including utilities rose 0. 2 in the month. Cbss billboard business has gone public and will start trading any minute now. Raising 560 million. It will still be 83 owned by cbs corporate but eventually cbs shareholders will own all. Chris christie says he is still baffled by decisions his formal former aides made in the George Washington bridge scandal. The new jersey governor made the comment ....
Of Asset Management. I spoke to the head of the behavioral economists. It has been exciting to you. People will no longer be racing to be firsttime buyers anymore. We know this has been going on for many years now. Why do people Pay Attention to this . Biggestave some of the Financial Gurus in the market here speaking. People have been up in the markets. Longterm equity guys are struggling. 19th annual. Is dollarsay thousands of to get an understanding of what the year will apply the head. Earlier. To my he is saying brazil is so bad, it is good. He has an idea to go along with brazil as by the inflation. Lenovo is saying things look bad and it is time to buy. Standby. We will be back in just a moment. A lot of ideas were introduced in the conference. Julie hyman joins me now with a look back at what we can call the gr ....
Patrons. First, headlines from my radio cohost carol massar. Lets check out some of the headlines, cbs out with earnings today. First quarter earnings beat estimates. Profits rising to 70 cents per share. Meantime, gas is rising hosting preliminary firstquarter profits that beat estimates. Gap was helped by a gain in april sales. Time warner shareholders will get one share of time for every share of time warner they hold as of may 23. Thanks very much. Now we move from time warner to Time Warner Cable in washington today. A comcast deal once again coming under congressional scrutiny. The providers made the case for their merger fighting antitrust claims and defending the benefit to consumers. Yang yang joins us with some of the highlights. What happened . Well, clocking in at four hours, we heard plenty of good arguments from both sides for and against the merger. It was david cohen who had the most face time, the most time at ....
If the latest data is to be the judge of that. All of that and the second edition of the equities market today. What is going on . We have this Industrial Production that is coming up. We are in fact the last quarter. Fact than last quarter. The steepest decline. A pretty bleak quarter for japan. Abenomics . Ff of the second arrow. The third arrow has not happened yet. Clearly, we have money being pulled out. Exactly. Do we have the issue of people pulling out . The 900 million japanese yen that has been pulled out and only a week in march. That is the most. It shows the impact. The yen has been very strong. The tax rise tomorrow as well. All that is bullish into the markets. Over here, i will try to do. You can see, there you can see. It is below the 50,000 mark. Nikkei, a bit of a concern. If the cb you can see the apex. That is impacting exporters. That is abroad. The Bi ....
Global growth report. And a look at acquiring time warner cable. Lets begin with Phil Mattingly and president obamas executive order on exec on equal pay. Forward, they do going and more important, will it move the needle at all yeah president obama at sign at all . Resident obama signed two executive orders today. Comeayday to will only from federal contractors. If you shine a light on this data, you will be able to find it there, any disparities between men and women. However, for it to apply to a wider range, they will need congress. And once again, republicans are not in the mood to get along with democrats here, something obama addressed directly in his press conference today. If republicans in Congress Want to prove me wrong, if they want to show that they do, in fact, care about women being paid the same as men, then show me. They can start tomorrow. They can join us in ....