21st century fox prepared to offer for the 85 a share for time warner. E joins us now with more. Another big deal Rupert Murdoch is known for, but he got rebuffed. Jeff bewkes, who runs time warner inc. , he thinks it is better for the company to remain independent. He has been selling off assets. When he first took over, he sold aol and timeun off warner cable. Recently, hes been off recently, he spun off time inc. It is a much cleaner and more focused company in terms of being a pure play Video Entertainment business, which would fit in with fox. Was in google rumored to be a better for time warner . Bit mores a farfetched. We dont have reporting that the kids anything real with any kind of Silicon Valley company. Philosophically, it makes sense that some of the emerging Silicon Valley companies with want more content. Youtube, it is a business that has not found its footing. It is growing but it is unclear what the Business Model is. Time warner has a great Business Model. Whether i
They need to pick up six seats to take control. Softbank is current its progress. Quite confident we will be profitable for the mid to long term. And microsoft and drop rocks are the latest dropbox are the latest to form a deal. Will stillpanies compete for Business Users as microsoft is pushing its one drive storage service. And now to our lead. Ecommerce giant alibaba is off to a good start on proving to investors it deserves a market cap 10 billion driven walmart. Bigger than as they invested heavily in Digital Entertainment and mobile. Mobile is playing a larger part in their business. Up 29 of revenue across china Retail Markets came from mobile. Us about the mobile growth monetization strategy. That ourt reported mobile revenues have increased 10 times on a yearoveryear basis. If you look at the monetization rate that has been tracking very well over the last few quarters, we feel very good about mobile monetization. And that is because on the user side we are doing very well. If
Is off today. Euro area pmi coming in at 54. 2. Slightly below the estimate. But i think within the plus and minus pmi, rising to 54. 1. I check on the light side. Not too excited about that. Eurodollar is softening a fraction. It is still sub 110. On change. Softening a bit. As the data his of the screen. A fraction negative. As the data hits the screen. Lets get more from hans nichols. He joins us from our land. The number is soft. He joins us from berlin. Hans that is the point. It is expanding. It is lower than what was expected. You look at the spain number and it was 57. 3 up from 56. 2 in february. We may hear about diverted economies. Growth in spain and italy. And people will take a very close look at the numbers in greece and whether you are you can accept these other points and whether or not greece is swept excuse me, slipped into reception recession. Our tax receipts were way down in a january and february. They have seen capital flee the country. 25 billion euros in the f
Jumping here. Of course what happens . Stock market turns south at least from its earlier heights. It gained 27 points after being higher. The s p climbing. Its got me upset. I have said it once a thousand times. Higher oil is bad. Higher gasoline is terrible for the stock market. Higher heating bills are horrendous for the stock market. There. Theres nothing else to it. End of story. But, let me explain, in case anyone is unclear about this. Obviously a market that could go into the red at one point today doesnt get it. My biggest worry for this market right now is the transports the index which has all the different levers of commerce in it. Transports have been rolling over for days. We did a whole segment last night how transports could be in trouble. Its a serious thorn in the bull side. We get a 3 decline. And suddenly the case changes. Now we have a chance to see higher earnings and better gross margin comparisons for the most Important Group in the market the airlines. Includin
Chaplain connery let us pray. Loving chaplain conroy let us pray. We thank you for giving us another day. As we think about the blessings of life, we prayner blessing of peace in our lives and in our world. Our fervent prayer is that people will learn to live together in reconciliation and respect so that the terrors of war and dictatorial abuse will be no more. In a special way we ask your blessing on the people of ukraine. May peace and civility descend on that nation as it finds itself in political turmoil. May your special blessings p be upon the members of this assembly as they return from a week in their home districts. Give them wisdom and charity that they might Work Together for the common good. May all that is done this day in the peoples house be for your greater honor and glory, amen. The speaker the chair has examined the journal of the last days proceedings and announces to the house his approval thereof. Pursuant to clause 1 of rule 1 the journal stands approve the pledg