Transcripts For FBC Markets Now 20140213 : vimarsana.com

Transcripts For FBC Markets Now 20140213

Superstar brad telling somebody in the studio how he is gearing up for the big race and he is trying to bring more technology to the fans. Sounds like a Dagen Mcdowell story and she is here. That and more this hour on markets now. Animal noises during the open. Dagen we have been weak left during this hour. Connell i assumed you would. Dagen brad is very active on twitter and very well spoken. Happy birthday, turned 30. It is of good discussion. Key powers from eastbound and down works his way in. And the markets of course, talking about Time Warner Cable and comcast. Time warner cable hitting a 52 week high on the 45 billion offer from comcast. Nicole petallides is on it. Nicole lets take a look at stocks and how they are among the most actively traded stocks on wall street. Time warner cable up 10, gaining 7 , getting a new high, comcast which is a flyer so there to the downside. Not unusual to see this type of action after this news. Comcast down 3 , 53. 60. It is up 45 billion and complying be two largest Cable Companies, it is a friendly takeover and what is interesting if you call it a friendly takeover, months of pursuits that time warner, charters left out of the cold and Charter Communications is to the downside. Dagen thank you, a lot more on that merger deal coming up. Regulatory hurdle. Connell a lot to talk about when it comes to the weather. This winter storm hammering the eastern half of the country dumping several inches of snow causing Power Outages, hundreds of thousands of people dont have power and there have been thousands of Flight Cancellations. Dagen we go to Reagan National airport where rich edson is standing by with more on the mounting travel delays. Rich ms getting to the airport and once you get to the airport Reagan National has no operational runways, 20 miles away in virginia, Dulles Airport has no operational runways and no time line for when they will open again. In baltimore, they have hundreds of Flight Cancellations, a number of passengers at the airport, a few dozen trying to get their flight , book on later flights but the airlines reposition the number of airplanes, even if they open the runways they are going to have to bring in planes from different areas of flight delays and cancellationss are likely to mount from here but passengers are taking it in stride. The rig getting ready to deice the sense telling everybody to get off the plane. 15 minutes after i got on the plane they sat down, called my home to tell me the plane we got here early like they asked us to and when we got here the flight had been canceled but they didnt notify us. Rich 5,738 canceled flights, 10 50 this morning we expect that to increase, 447 of the nations busiest airports, hartsfield, jackson, charlotte 3d, d. C. 488, 200, we are already seeing delays as far north as boston. From washington d. C. The federal government, the White House Briefing is the late and even the zoo is closed. Connell we go to joe bastardi on the telephone. Our friends from whether bell. Com where he is chief meteorologist. This one is pretty rough. This is the storm of the winter. We call it that several days ago. What we see is a fight on the i 95 corridor, a couple days ago between lane and snow over the next several hours, then go back to snow and a few hours from d. C. To new york city, it could put down 480 inches of snow in the four our period. While that happens to the west is not stopping. We are looking in the mouth when you get into Northern Virginia and southern pennsylvania and east central pennsylvania up to two feet in some places, that will continue into western new england, southern new york where we dont change over completely. It is moving very quickly and by tomorrow at this time, the bad news is there may be another storm of lesser intensity coming up the i95 corridor. Keeping an eye on that already. Connell as you look at the pictures we are showing this is in pennsylvania, chester county. We were looking outside our building at fox where it is still snowing. To your point about the changeover to rain, is there concern that doesnt happen as early as it might have . Will be cold enough to have more snow versus rain . Any changeover will go back to snow. Connell tonight it goes back. Depends on the situation, three or 4 00, on the period, one thing i am concerned about is if it is not going to 40 degrees and melting everything it stays on the trees, snow absorbs it and you start out of the northeast as the afternoon progresses. And Power Outages and the northeast corridor. Connell hundreds of thousands out of power, georgia, North Carolina, south carolina. That next storm you are talking about, not as much intensity but we have been hit so hard it will still be rough. Three to five inches of snow from d. C. To boston, throw that on. Leaving it up in the air i and jumping on it because the overall pattern up until next week, every once in awhile, you get a lot smaller storm. The weekend might not have not because the big boy behind it, figuring two bullies on the block but the problem with the next system is it is the last in a seas, one of the last in the series they usually try to intensify little bit more. We will warm the country for about a week and go back a week after. This warmup coming in the cold pattern. Liz connell thanks a lot, joe bastardi. Dagen 58 of voters think the worst is yet to come for the u. S. Economy according to the latest fox news poll. Connell Dan Henninger joins us, wall street journal editorial page deputy editor. Good morning. Thank you for coming in. This horrible, brutal he is always here no matter what. Dont think we have to shift gears. I am prepared to talk about what poor people think about the worst is yet to come in terms of a weather metaphor. They obama economy. What happened today . There are people out there, you get your coat on and put your head down and pull forward slowly, you get in to work. People show up. If the government is shut down but the private sector is still open. That is what the u. S. Economy has been doing for the last five years growing very slowly sometimes barely above zero and that means things are not away they should be. People are living in an economy that is slow, not creating jobs, that translates into the kind of anxiety and numbers fox is producing in this bowl. Dagen is shocking to see half of those in this poll think the worst is yet to come. What is in this economy that would suggest to them because you have incredibly low Interest Rates, the Unemployment Rate is heading in the right direction but they think theres something much worse on the rise and. What is that . The average person has lowInterest Rates for four years so if you i just joe 6pack and you have a savings account or money in a seedy what is your return . Zero. T resonates withunaway inflation the American People as we saw in the 1970s weather was gas prices overall. The other thing we have been living with his load job production and unemployment numbers and the fact the unemployment numbers fall because more people drop out of the workforce and anecdotally people, everyone knows about a friend or their own child that gradually did from college and is living at home with them for six months because they cant find a job. I think out there in the real economy there is a sense that things just arent growing and developing the way they normally do. It is interesting because it is such a disparity between that and the stock market. Connell the most valuable polls who are you going to vote for . Go out and vote and these polls, the perception of how things are becomes the reality or in their own reality which is peoples reality. That is how they feel. May not be the case. Things are moving forward, like pushing through a blizzard but it is not sunshine in the american economy. Our growth rate is normally 3 , under 2 . Connell pushing forward would mean the worst is behind us. Those people i discounting from the future into the president and saying i dont feel the worst is behind us. Europes growth rate is down 2 to 1 , chinas growth rate has fallen off and i think that translates into Economic Activity generally on the street in peoples lives, the bosses and hiring people, he is worried about obamacare. I think theres a lot of weight hanging on peoples minds. Dagen italy keeps getting kicked down a road, delaying the employer mandate, Small Businesses, lot of things need to be if you implement implement so this can move ahead and make decisions based on now, not a year or two. That doesnt dispelling zaidi. It translates into the kind of numbers the poll is reviewing. Dagen Connell Mcshane goes back in time, way back machine. Unfortunately, thank you. Connell big stories in the business world, comcast Time Warner Cable joining forces but some regulatory issues are being raised. Red flags, we will talk about it. Last year, not so bright. What about 500, daytona and of the year at . Brad is coming up. Connell the massive winter storm we are talking about is far from over. You are looking live at the white house and we are filling in d. C. And in new york. A look ahead. What is coming in the hours ahhad for the battered east coast. Keep it here. 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The Dow Jones Industrials up 18 points, doesnt gain 0. 1 , and then the nasdaq composite up 1 2 , 42. 17. What is interesting is bit by bit throughout the morning we were turning into the green when we first had opening bell, two names of the 30 dow components that were in the green and more than half are showing some gains on the day so united healthcare, microsoft, at t to name a few, the drug index, transports, retail index, they were getting back to the winning wall treet that i have been seeing lately so last week we kicked off on thursday, friday, four trading days were higher and gave back a little bit. Connell we have the Global Market check in european markets rapid up for the day of rivera and at the moment the ftse 100 the only one of the big three we track that is down more than 1 4 and the cac 40 in paris both slightly higher today. Dagen nothing like waking up to a major merger particularly in the cable business. It really hits Television Viewers across the country. Comcast is buying Time Warner Cable at 45 billion deal, stock that combines the two largest Cable Companies in the country but what does it mean for you . Connell this matter is for real people. They read about it and say what about my Cable Service . Liz macdonald is tracking at all. What about in terms of ranking Customer Satisfaction . Liz good to be with you. Your viewers may be waking up to seeing they have a new cable provider. The largest cable and Internet Companies are merging in a walker of the deal. Comcast is buying Time Warner Cable in a friendly all stock merger valued at 45. 2 million and approved the deal would affect the third of all cable customers in the u. S. That means 30 Million People. This merger would be the largest, create the largest cable operator in several top u. S. Markets including los angeles, philadelphia, new york city, chicago, dallas, ohio and wisconsin and give comcast access to the tristate area but being cable king is one thing. Customer satisfaction is another. Time warner and comcast ranks last in Customer Satisfaction among all Tv Service Providers this according to the american Customer Satisfaction index. Comcast scored 63 , Time Warner Cable scored 60 . Verizon, direct tv and dish scored higher but not by much. Comcast and time warner said they are working diligently to improve Customer Service and for now this megamerger requires government approval which means facing intense regulatory scrutiny focusing on customer pricing, they will bring the pipeline into 19 of 20 top markets in the country. We have breaking news, moodys is saying it is taking time warners rating of review for downgrade and could be upgraded. The bond market is reacting positively to time warners bonds versus Charter Communications deal with time warner. That is the breaking news. Dagen thanks, Liz Macdonald. Do you like it . Connell i do a lot. Dagen chronic problems. Could just be me and my general energy. Connell another area where we agree. New developments on the target breach that has been all over the news. Experts say they allow the hackers to integrate targets network some more on that coming. Dagen nascars champion didnt even make the playoffs. What about 2014 . Straight ahead. [ male announcer ] hands were made for playing. Legs, for crossing. Feet. Splashing. Better things than the joint pain and swelling of moderate to severe rheumatoid arthritis. If youre trying to m , now may be time o ask about xeljanz. Xeljz tofacitinib is a small pill, not an injection or infusion, for adults with moderate to severe ra for whom methotrexate did not wo well. Xeljanz can lower your ability to fight infections, iluding tuberculosis. Seris, sometimes fatal infections and cancers have happened in patients taking xeljanz. Dont start xeljanz if you have any infection, unless ok with your doctor. 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[ female announcer ] the x1 entertainment operating system, only from xfinity. Tv and internet together like never before. Dagen if only had a full body shot of Charles Payne and you could see what charles is really wearing a. From the ankles up he is a model of stick your foot up. They are so old school, early 90s old school. Connell 9 inches in central park. Charles is ready. You are here to talk about the markets and people become victims of their own success. Charles people becoming victims of their own success. Detail of two companies in the same space, one company pioneered the space being punished. Be the one writing away. It is competition, competition is starting to get to them and beat them a little bit. Would get the chart on the screen, whole food is your yellow line. That stock is up huge today to support phenomenal numbers. That stock up 50 , whole foods up 12 . What is happening . Whole foods, and a whole row of clause the healthy things. My favorite dont get rid of that. You have the milk, coconut milk, all the things on the web site, we are focused on the environment and social responsibility. That is the sweet spot ri

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