They are partners in the Moffett Nathanson research firm. Mr. Moffett, lets begin with you. Whats the impact, whats your initial reaction to what cbs, hbo have announced and then add onto that netflix and apple, etc. , and all these different services. Whats the impact on the Overall Television industry . Guest well, those are two separate categories really. The new ones, hbo and cbs, my guess is the impact will be actually somewhat limited. On the other hand, the impact of some of the ones that are already here like netflix has already been very profound. And i think what were seeing here is a real change in the viewing habits of millennials, that theyre simply watching tv in a very different way than my generation watched tv, and youre starting to see all the Media Companies embrace that and recognize that they cant sort of circle the wagons and just try to protect the existing ecosystem anymore, they have to actually reach out to that set of consumers. The advertisers want to reach
From a done deal to dead. Comcast is planning to walk away from the proposed 45 billion dollars merger with Time Warner Cable as soon as today. The deal was announced 14 months ago, opposition took shape and that left consecutives executive to conclude the merger would not fly. A former fcc commissioner praised the move. Comcast is making a smart decision. It benefits consumers. Olivia on wednesday fcc officials told both companies they were opposed. Saying the deal did not help consumers. They planned to call a hearing which would drag out the classes the process. Reviewing the drone strike in pakistan that killed two hostages. President obama issued a rare public policy. The president calls for drone strikes to be authorized only when it can be concluded to near certainty that there will not be civilian casualties. Brendan the nasdaq picking up where it left off. Technology stocks brought the nasdaq to a record high yesterday, beating the mark set in march 2000 before the bust. Amazo
Tom is italy, the Unemployment Rate dropping more than expected. Imf we have to go to the because it plans to raise Global Economic forecast. Christine lagarde telling reporters yesterday in nairobi, kenya. Chinas gasoline exports may rise 18 this year, according to an Economic Data in the u. S. Employment kicking off three days less claims tomorrow at 3 00 p. M. We have a read on consumer credit. Earnings before the bell constellation brands, monsanto, and after the bell, bed bath and beyond. Lets look at stocks, bomb bonds, commodities. The vi x nicely under 19. Nymex crude distances itself from 100 a barrel. Vix under 13. Winter wheat we did an interview yesterday, winter wheat, the snow protects it. Maybe 20 of the crop is affected. There is brent crude. And the dollar index, a little over 81. That is a big deal. Not like dow 10,000 but it is a big deal. Here is a quick look at the euro. Cristina alesci said flat unemployment. But here is the drop a big through 1. 36. New doubts ab
Mountain coffee. Janet yellen will be speaking at 10 00. She is addressing. . The joint Economic Committee and its a big deal. Everybody will hang on every word. Nobody is really paying attention to this. Thats usually when a bombshell gets dropped. It bears scrutiny this morning. Its been a steady range on the 10year note. Obama will travel to little rock and survey the storm damage in arkansas. He then moves on to los angeles where he has a fundraiser. Lets do a data check. 1, the euro is above 1. 39. The vxx is showing 13. 80. This is the 30 year bond. We will feature jeffrey dunlo gundlach and we will talk about low yields. Beginning of the financial crisis and you can see the great moderation in the 10 year yield, down we go, we come up here and then the world is going to and end jim grant is happy and we are just rolling over again. Do we go back down to two percent . It does look like a rollover. You have seen a real rollover in the spread between the two year and the 10 year. C
Landing by the end of 23 but i dont know ive been wrong on a lot of things i could be wrong on this but thats our forecast which is recession in 23 joining us here at the nyse. Managing partner, cnbc lowe tony here and druckenmiller has been negative for a long time but sticking with his guns this terms of a hard landing in 23 and chastising the fed and boe or what he believes is a mistake now. What we saw was that the inability for the fed and chairman powell to acknowledge the fact that inflation was a concern and many had been beating the horn and further fueled by a lot of macro events, supply chain issues. Now, now that chairman powell has addressed it, he is going all out volker so we know one thing volker had to do was beat inflation back what he was handed when he took over, everyone thought that the job had been done and reared its head again and volker made sure and powell doing the same thing. All that thought there would be a pivot, theres not going to be a pivot. Theyll co