Striking distance, stocks are on track for what would be well see, the first loss in four sessions, but really cant get much of anything out of the future moves right now plus, deal or no deal, tmobile sprint battle heads to court. 13 state attorneys general led by, of course, california and new york are seeking to block that merger. And it is an m a monday, we have two big premium deals in biotech, sanofi and merck. Im going to get to that jim does too stock picking so important there in terms of figuring out where those premiums are going to end up stocks overall set to look for a modest open this morning, this after fridays jobs report rally. That resulted in the s p erasing its losses for last week trade once again in focus here, heard jim talking about it on squawk box. The next round of u. S. Tariffs against chinese goods set to go into effect, this sunday so we are now counting down. And new data Shows Chinese exports to the u. S. Fell 23 in november i dont know how much more th
Johnson johnson, well fargo and many more. Google going on a costcutting mission. How will this company known for growth cut back . Shares of google right now, shall we . Maybe no. Maybe so. They are up 16 at 5. 63 a 3 rise on that news. But we do start with the iranian deal. It may take weeks or months for the money to start flowing but the speculation has begun about who will get into the Islamic Republic first. Our coverage begins now with morgan brenner. What have you found, guys . You snuck up on me there. A sneak attack. So its not a done deal yet, still months and several hurdles away from sanctions being lifted, but there are a wide array of companies that could benefit long term so lets start with oil majors exxon mobile bp and royal dutch she will have all been taking steps to explore the possibility of doing business. All of the stocks are higher today. Now, if they start investing that could also boost Oil Field Services companies so Schlumberger Halliburton international a
Business impact. Jackie deangelis is in Corpus Christi watching the refineries, and Brian Sullivan is focusing on the port side of the story. We begin with brian. Hey, brian reporter hey, melissa. Thank you very much. I can confirm that it is once again raining here the rain will just not stop. And there is nowhere for the water to go. Were south of houston, by far were in texas city, which is where a lot of these major refiners are based lets focus on the ports because the galveston ship channel, which is the doorway to the port of houston. You literally, all the ships in houston have got to go through the galveston ship channel it is completely shut down it is not that far that way to us there is no, at least, word that weve gotten lately of when that will open. And there are many, many supertankers that are off the coast. The reason we care about the port of houston is not only because its going to bring in needed supplies, but its a national story, as well. According to the port bu
We did a piece on these flipflops. Come to the camera. She asked if she could get a pair of flipflops. We want to get her the flipf p flipflops and stuff with will give away a little later. Its not going to fit me right now. Its really soft. Id raet having it for fitting longterm. You gt me a large. I cant wear. Youll be working out. I know, that makes me you should have been a medium. Im going to try it on. Its the thought that counts. Thank you for thinking of anything. I would not probably have. You were on a quota, too, right . You werent allowed to you only could spend so much down there. This was personal. This was personal money. Because the expenses. He paid for this himself. Bought it with my credit card. Thats even nicer. You can write it off. I cant write it off. Who is reading this . I am. Were going to take a look at the u. S. Equity futures this hour. Thank you andrew. Very sweet. Take a look. Things looking positive for the bulls. Dow futures indicated up 66 points. S p
Does one look at it like a google . This has been going on for two years. Its not stepped up with those other big names. But after all, it was a ten bagger from the early 2011. So maybe the two year side way action is the pressure they need. There is much more to go. Im looking at this news is what kind of got us talking about it. Netflix was up 18 this year. There was a time that tesla was in there with facebook and google and its not anymore. Its down 25 . Its down 2 on the year. It seems to be in bate of a funk. When the good news comes out that they break Consumer Reports scale as far as testing but then Consumer Reports has to pull the recommendation, it looks one step forward, two steps back. Thats what the stock feels like to me for now. Forget valuation. I think were likely to see a period very similar to q1 last year and q1 this year when i think the stock is going to decline. I know we have fairly important 200 support. And i really want to say that, listen, i dont think anyo