Amazon has three ceos now sort of. Two Division Leaders officially getting the ceo title. They give you the promotions but never the raise. Could that create leadership issues for jeff besos. I understand they both got prime memberships as part of the perkz. Twitter is getting new Board Members today, moving on. There we are. But the stock is still sliding and well look at what other changes may need to be made to that social network. Sfl nhl commissioner will join us live along with the stanley cup, its here, to celebrate the start of the playoff season. The stanley cup, this will be the fourth or fifth time ive ever seen it. Arent you lucky . We get to see it on cnbc, we like it. Jackie is tracking all of the action for us at the nimex on this masters friday. Good afternoon to you. Dom chu says i have a masters tshirt waiting for me. At the close, about a 7 surge in prices, its sort of a tale of two surges, technicals and fundamentals. We had such a whacky kind of week. Some people c
Particular, where Reed Hastings has to answer questions about new competition from amazon. Amazon announcing it will offer prime video as a Standalone Service for 8. 99 a month. Before this the only way to get Amazon Prime Video was with an amazon prime membership for 99 a year. Lets talk earnings first, because there seem to be this rotation into the ibms and intels of the world, what we have been calling gray chips, some of the formerly out of favor value names. What is the proposition for growth for these companies . I wouldnt call ibm a value name. When Warren Buffett bought Burlington Northern he was making a bet on the American Economy. We knew i. T. Spending was going to go down, ibm trying to refashion as a cognitive play. How much does that play into the messaging it gives to investors . A lot of people have been saying they are struggling because of the cloud and all this kind of different names of whats happening. Really, whats happening is ibm is not able to compete with th
Point is down by almost 2. 5 . The ftse is down by 1. 5 . If you look at the price of oil, which was under quite a bit of pressure yesterday, you can see this morning its down another 22 cents, sitting below 36. Lets tell you about some of the big stories were watching today. Perhaps the biggest right now is this one. Shares of allergan are plunging after the treasury and irs announced new rules to curb tax inversion. The two companies releasing a statement saying, quote, we are conducting a review of the actions. Prior to completing the review, we wont speculate on any potential impact. We should say that allergan is one of the Largest Holdings of some of the hedge fund community. Its considered a topten holding of about 80 hedge funds right now. So you might see a big impact in that stock this morning. The stock was down by about 21 . Im saying it may even be worse. Some of the people we know. Were checking the potential impact. Its down 60 points. Theres not a potential impact. Ther
The stock market is up. America is great again lets get to Brian Sullivan in the Baaken Oil Fields in north dakota. The temperature is up. One of the reasons were inside is we were here last year, i got in the rental car, negative 21 degrees. It is supposed to be 70 degrees today and 90 degree swing. We took our chance, were still inside here at the bakken. Oil is up today. The stock market is up today. The spirits here are up a little bit. Lets be clear what happened here, guys, the price of oil coming down as much as it has, this town is really struggling with the price of oil, not just with rigs, restaurants, hotels, housing, with Everything Else. Let i want to show you video, a setup to why we are here in williston, north dakota. One of the greatest American Economic stories of the past decade has taken place not in the koesz cozy confines of sili valley, but the high plains of north dakota. Over ten years, no state has benefited more from oils boom and no city in the state has ben