A valentines day edition of Market Makers. Im scarlet fu come in for Erik Schatzker. There is only love in here on this day. Frome top business stories around the world. Joseph a bank agreeing to pay ou eddie bauer. They have a venture prize value of 25 million. Joseph a bank has been fending off a takeover bid by mens wearhouse. 8 . Factoring output fell the fed put some of the blame on bad weather. It has not been this bad for the airlines sense Hurricane Sandy in 2012. More than 14,000 flights have been grounded this week because of storms in the south and northeast. More snow fell overnight in new york and boston. We move over to washington. Comcastrt to slow this takeover is already underway in full swing. Peter cook has more on the lobbying battle to come. The sales pitch has started in earnest. It absolutely has. Comcast reaching out to the regulators and lawmakers who say and in the way in th of this deal. Theyre moving aggressively to face competition concerns raised by the st
Possible ties to russia. First, lets go to Christina Alexi on the Federal Reserve, what do you have . As expected the Federal Reserve did raise Interest Rates a quarter of one percentage point pretty much in line with what all analysts have been expecting an theres good reason for this, brooke. If you look at Economic Data across the board what the fed is looking at, its looking at relatively unemployment. Good job Growth Numbers and Rising Consumer prices so you take that all together the fed is raising rates because it doesnt want to see the economy overheat. What does that mean for the average person . Theyre going to earn more in their savings, account, pay more in mortgage rates, credit cards and home loans and a lot are wondering what kind of impact will this have on the stock market, on their 401 ks and the reality is lets put this into context. This is the third rate hike in ten years, brooke, so the fed is going slow and steady over the long term it probably wont have a Materi