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Jan 29, 2024
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down. . ,, ,, price, it is up, irobot's shares are down. . ,, i. price, it is up, irobot's shares areset to be banned as part of plans to tackle the rising number of young people taking up vaping. the government says it'll prevent vapes being marketed to children. the charity action on smoking and health claims the number of ii to 17—year—olds vaping occasionally or regularly has doubled since 2020. but the uk vaping industry association said disposable vapes had "played a key role in helping millions of adults quit and stay off cigarettes." vaping industry expert tim phillips is managing director of tamarind intelligence, a consumer products consultancy. iam going i am going to throw another stat in there, 9% of 11—15 —year—olds now vape, as i believe, they are not old enough to smoke, so this has moved beyond, really, just helping people give up smoking, hasn't it? there is certainl a give up smoking, hasn't it? there is certainly a big _ give up smoking, hasn't it? there is certainly a big problem, _ give up smoking, hasn't it? there is certainly a big problem, and - give up smokin
down. . ,, ,, price, it is up, irobot's shares are down. . ,, i. price, it is up, irobot's shares areset to be banned as part of plans to tackle the rising number of young people taking up vaping. the government says it'll prevent vapes being marketed to children. the charity action on smoking and health claims the number of ii to 17—year—olds vaping occasionally or regularly has doubled since 2020. but the uk vaping industry association said disposable vapes had "played a key role in...
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Jan 29, 2024
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irobot is down significantly.dding to the fact that amazon walked away, and this is a case of amazon jumping before it was pushed by eu regulators. amazon is cutting jobs. this is a pretty big situation. we will go to brussels and speak to our reporter, and then we will go to seattle to get amazon's side of the story. amazon shares, look at the muted reaction. the other big mover to the upside is in the earnings context. sofi on track for its biggest jump since late july, august. profitability for the first time on a net income basis. this is the milestone the street was looking for. a lot going on on the technology side of sofi's business, a lot going on on the lending and financing side. who do we speak to? ceo anthony noto joins us now. that first profit with a number of companies. what were the main contributing factors to you guys hitting profitability on a net income basis, how confident can the street be that you will continue on this arc of increasing possibility -- profitability? anthony: the main thing i
irobot is down significantly.dding to the fact that amazon walked away, and this is a case of amazon jumping before it was pushed by eu regulators. amazon is cutting jobs. this is a pretty big situation. we will go to brussels and speak to our reporter, and then we will go to seattle to get amazon's side of the story. amazon shares, look at the muted reaction. the other big mover to the upside is in the earnings context. sofi on track for its biggest jump since late july, august. profitability...
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Jan 19, 2024
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irobot down.berg reporting that according to sources, the eu will move to block a 1.4 billion dollar acquisition by amazon of irobot because they have not offered remedies and have not address the eu's concerns with arguments. 10 days ago, the eu competition chief joining me here in studio, and at that time, we knew that amazon had not offered remedies. she said simply we need to understand what arguments are. >> in any merger, it is so that if we have concerns, it is for the businesses either to address these concerns by debunking them or by addressing them by coming up with remedies that will solve the problem. if a company says we will not come up with remedies, then of course we expect that they have good arguments that our concerns should not be sustained. we are still in the process of assessing our concerns compared to a situation where we do not have a remedy to the concerns we have drawn up. ed: that was the eu competition commissioner 10 days ago, talking to me about this amazon-irobot d
irobot down.berg reporting that according to sources, the eu will move to block a 1.4 billion dollar acquisition by amazon of irobot because they have not offered remedies and have not address the eu's concerns with arguments. 10 days ago, the eu competition chief joining me here in studio, and at that time, we knew that amazon had not offered remedies. she said simply we need to understand what arguments are. >> in any merger, it is so that if we have concerns, it is for the businesses...
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Jan 29, 2024
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amazon and robot vacuum—maker irobot are ending plans to merge. foul of eu regulators. in a joint statement, the two companies said there was "no path to regulatory approval" for the deal. irobot said it would lay off around 350 people — about a third of its workforce. its shares have tumbled by 17% in early trading. let's get more on this with our north america business correspondent michelle fleury, who's in new york. why has this deal fallen apart? hello i mean, look, it is a question about regulation, _ hello i mean, look, it is a question about regulation, they _ hello i mean, look, it is a question about regulation, they were - hello i mean, look, it is a question | about regulation, they were worried about regulation, they were worried about a veto from eu regulators, in other words they didn't think that eu regulators would lead the deal moved forward, so rather than get to that stage, they have called it off. as a result, amazon is going to have to pay $91i as a result, amazon is going to have to pay ”a million in a termination fee to iro
amazon and robot vacuum—maker irobot are ending plans to merge. foul of eu regulators. in a joint statement, the two companies said there was "no path to regulatory approval" for the deal. irobot said it would lay off around 350 people — about a third of its workforce. its shares have tumbled by 17% in early trading. let's get more on this with our north america business correspondent michelle fleury, who's in new york. why has this deal fallen apart? hello i mean, look, it is a...
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Jan 19, 2024
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amazon disclosed the plans to buy irobot in 2022 hoping to add it to the portfolio of smart devices. >>> macy's will cut 3.5% of the work force and close five malo indi mall locations. the company says the move will effect 2,350 positions across corporate offices and stores. macy's says the last day of work for impacted staff will be january 26th. the stores that are planning to close are in virginia, california, hawaii and florida. >>> youtube and spotify are joining netflix saying they will not offer dedicated apples for vision pro headset. pre-orders for the vision pro headset begin today. frank, did you put your order in? >> no. 3,$3,500 is a lot of money. no netflix? >> i know. >> wait and see. silvana, thank you. >>> a lot more to come on "worldwide exchange," including the one word that investors need to know today. >>> first, dig in the tech in the january tech changes. >>> and the other black swan risk facing the market this year. >>> a $36 million pay day for a ceo after a record-breaking year for profits. more ahead here on "worldwide exchange." stay with us. [♪♪] your ski
amazon disclosed the plans to buy irobot in 2022 hoping to add it to the portfolio of smart devices. >>> macy's will cut 3.5% of the work force and close five malo indi mall locations. the company says the move will effect 2,350 positions across corporate offices and stores. macy's says the last day of work for impacted staff will be january 26th. the stores that are planning to close are in virginia, california, hawaii and florida. >>> youtube and spotify are joining netflix...
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Jan 30, 2024
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the announcement sent shares of irobot plummeting and the company announced planned layoffs of aroundloyees. >>> you may know adam schiff's work to protect the rule of law, or to build affordable housing, or write california's patients bill of rights. but i know adam through the big brother program. we've been brothers since i was seven. he stood by my side as i graduated from yale, and i stood by his side when he married eve, the love of his life. i'm a little biased, but take it from adam's little brother. he'll make us all proud as california senator. i'm adam schiff and i approve this message. thousands of women with metastatic breast cancer are living in the moment and taking ibrance. ibrance with an aromatase inhibitor is for adults with hr positive, her2 negative metastatic breast cancer as the first hormonal based therapy. ibrance plus letrozole significantly delayed disease progression versus letrozole. ibrance may cause low white blood cell counts that may lead to serious infections. ibrance may cause severe inflammation of the lungs. both of these can lead to death. tell yo
the announcement sent shares of irobot plummeting and the company announced planned layoffs of aroundloyees. >>> you may know adam schiff's work to protect the rule of law, or to build affordable housing, or write california's patients bill of rights. but i know adam through the big brother program. we've been brothers since i was seven. he stood by my side as i graduated from yale, and i stood by his side when he married eve, the love of his life. i'm a little biased, but take it from...
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, irobot is going to cut a third of their workforce.ing down as ceo. >> this was a major botch. irobot, looking back, probably wishes this never happened. good for amazon. they got lucky here. it's like dupont got lucky when they were trying to buy this company out. it was like, wow, i hope they don't get to do it, and the authorities blocked it. it's not consequential to amazon. if you've been in irobot, i think you haven't followed any of the discussions of what's going on. this was a doomed deal. europe can be much more harsh than we can. it seems strange. >> you don't think it alters the conversation about regulatory approval here on other deals? >> no, i think it depends on whether justice has it. justice is a little more savvy than the ftc, which is a little more naive. look, the guy who runs justice is a heavy hitter, paul weiss. the person who runs the ftc is a great student. even professed to be a studying, a student. >> yes. lina khan was on "squawk" this morning, sort of outlining or framing their look into a.i.-related -- >>
, irobot is going to cut a third of their workforce.ing down as ceo. >> this was a major botch. irobot, looking back, probably wishes this never happened. good for amazon. they got lucky here. it's like dupont got lucky when they were trying to buy this company out. it was like, wow, i hope they don't get to do it, and the authorities blocked it. it's not consequential to amazon. if you've been in irobot, i think you haven't followed any of the discussions of what's going on. this was a...
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Jan 29, 2024
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shares of irobot tumbled after amazon scrapped its takeover of the roomba maker. company saying the deal has no path to regulatory approval in the european union. irobot announced its ceo is stepping down, embarking on a restructuring plan that will cut 350 staff. gulf's pga tour is close to finalizing. sources say the initial investment could be about $3 billion with an additional charge from the saudi public investment fund. we have plenty more to come on "daybreak: australia." this is bloomberg. ♪ ♪ ♪ ♪ ♪ ♪ ♪ annabelle: you are watching "daybreak: australia." the japanese employment data shows the market remains relatively tight at the end of last year so their jobs to applicant ratio you can see, a fraction lower, 1.27 from 1.28. there are 127 jobs being offered for every single 100 applicants. telling us there is still a shortage of workers, across many sectors in japan. the unemployment rate, meanwhile, 2.4%, the prior reading had been 2.5%. a slight change there. certainly something the bank of japan will be watching very closely. they want to see higher wa
shares of irobot tumbled after amazon scrapped its takeover of the roomba maker. company saying the deal has no path to regulatory approval in the european union. irobot announced its ceo is stepping down, embarking on a restructuring plan that will cut 350 staff. gulf's pga tour is close to finalizing. sources say the initial investment could be about $3 billion with an additional charge from the saudi public investment fund. we have plenty more to come on "daybreak: australia." this...
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Jan 19, 2024
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shares in irobot plunged in after hours trading. final decision is due by february 14, with the deal also likely to face opposition in the united states. stick with us. this is bloomberg. ♪ >> i think 2024 will start out slower in the sense that interest rates are still pretty high and the fed will keep them that way. everybody has their own guess. probably until the second half, at some point, that will have a little bit of a baffling effect. the stock market had such a run in the fourth quarter that you wouldn't expect that to really take off and go. and the economy is slowing a bit. that's normal with high interest rates. on the other side of the ledger, the expectation that interest rates are going down is creating animal spirits again. at blackstone, we did six private equity investments in six weeks at the end of the year, after a slow year we're much busier now in a way that represents some type of capitulation for people who were holding back for two years. so we're optimistic for this year. >> are you worried that if we don
shares in irobot plunged in after hours trading. final decision is due by february 14, with the deal also likely to face opposition in the united states. stick with us. this is bloomberg. ♪ >> i think 2024 will start out slower in the sense that interest rates are still pretty high and the fed will keep them that way. everybody has their own guess. probably until the second half, at some point, that will have a little bit of a baffling effect. the stock market had such a run in the...
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Jan 30, 2024
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amazon is scrapping its planned takeover of vacuum company irobot following opposition from european they were "disappointed" by the outcome, and flagged "undue and disproportionate regulatory hurdles". the deal was first announced in 2022 and would have been one of amazon's largest acquisitions to date. shares of the roomba maker fell after it said it was laying off around a third of its employees and that's it for this edition of asia business report. thanks for watching. voiceover: bbc news - bringing you different i stories from across the uk. reunited once again... speaks ukrainian. ..theodore and his dad meeting in lviv. in the summer, theodore's school friends did a camping—out fundraiser to pay for his trips back to ukraine. actually, it means all the world to us. it's so amazing when children of that age are thinking of the future or thinking of what is happening in the world. what was the best bit about it? seeing a lot of my family. and i slept with my dad all the time. it was a boys' room at that time during our stay because, yeah, they both snore. laughs no, i don't! yes
amazon is scrapping its planned takeover of vacuum company irobot following opposition from european they were "disappointed" by the outcome, and flagged "undue and disproportionate regulatory hurdles". the deal was first announced in 2022 and would have been one of amazon's largest acquisitions to date. shares of the roomba maker fell after it said it was laying off around a third of its employees and that's it for this edition of asia business report. thanks for watching....
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Jan 29, 2024
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the future for irobot, what does it mean?. >> maybe it is lawnmowers or other cleaning type products, they said. >> read it is being advised that it's hotly anticipated ipo should consider a target evaluation of at least five billion dollars. this is according to a report from bloomberg. the social media site fired for -- it was then valued at about ten billion dollars in a funding around it completed in that year. it's now half that amount. what does that look like? what is its competitor? is it meta? >> i guess. i guess. >> how do you value that? >> anyway, new york city's return to office gained steam at the end of this year. the average visitation rates at 350 manhattan buildings rose to 67% of the 2019 levels according to the real estate board of new york. that is up from 65% -- >> does visitation rate mean that i have gone there? >> a lot of times, they look at turnstile swipes and things like that, but a lot of wall street firms are getting their customers and employees who want to go back to physical locations. >> the
the future for irobot, what does it mean?. >> maybe it is lawnmowers or other cleaning type products, they said. >> read it is being advised that it's hotly anticipated ipo should consider a target evaluation of at least five billion dollars. this is according to a report from bloomberg. the social media site fired for -- it was then valued at about ten billion dollars in a funding around it completed in that year. it's now half that amount. what does that look like? what is its...
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Jan 19, 2024
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on the news, irobot stock dropped more than 30% when that opening bell rang this morning, ringing thel pinstripes celebrating its ipo this month, the bistro bowling bocce hangout is now a publicly traded company. pinstripe, here in the bay area, has one location in san mateo. they are opening one in walnut creek. this spring. taking a live look at the numbers up across the board to end this week, the dow jones up about a quarter of a percent. the s&p 500 about the same us 4794 as it gets closer to 4800. and the nasdaq back above 15,000 this morning. it's up 64 points. macy's closing at store in san leandro macy's confirmed the store at bayfair mall is one of five stores set to close across the country, the retailer also laying off 3.5% of its workforce. a clearance sale at the bayfair store will begin sometime this month. the store will close by the middle of april. preorders start today for the new mixed reality apple headset. vision pro is the first of its kind product from apple, with access to more than 1 million apps, users can watch news streaming shows more than 150 3d films. t
on the news, irobot stock dropped more than 30% when that opening bell rang this morning, ringing thel pinstripes celebrating its ipo this month, the bistro bowling bocce hangout is now a publicly traded company. pinstripe, here in the bay area, has one location in san mateo. they are opening one in walnut creek. this spring. taking a live look at the numbers up across the board to end this week, the dow jones up about a quarter of a percent. the s&p 500 about the same us 4794 as it gets...
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Jan 29, 2024
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new this morning amazon is pulling the plug on its proposal to buy the robot vacuum maker irobot.s. and europe. amazon blamed what it calls undue and disproportionate regulatory hurdles. amazon wanted to buy the maker of the roomba for $1.7 billion in cash. amazon will pay an undisclosed termination fee to cancel the deal. irobot announced it's laying off about 31% of its workers and its ceo is leaving the company. >> all right, guys, here times 847 wall street is watching some important reports from right here in the bay area. and a meeting with the federal reserve is tracking this in a lot more in today's dollars and cents. >> yeah, a lot to keep busy on and keep informed this week. some of the bay area's big tech companies report earnings this week. that includes apple, meta and alphabet. also reporting this week. microsoft, amazon, boeing and merck. flutter entertainment rang the opening bell this morning, celebrate its listing on the new york stock exchange that is the parent company of the sports gambling site fanduel, which competes with draftkings. you might remember that
new this morning amazon is pulling the plug on its proposal to buy the robot vacuum maker irobot.s. and europe. amazon blamed what it calls undue and disproportionate regulatory hurdles. amazon wanted to buy the maker of the roomba for $1.7 billion in cash. amazon will pay an undisclosed termination fee to cancel the deal. irobot announced it's laying off about 31% of its workers and its ceo is leaving the company. >> all right, guys, here times 847 wall street is watching some important...
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Jan 19, 2024
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meanwhile, shares of roomba vacuummaker irobot plunging. i laugh at this story.isition by amazon of a vacuummaker. saying the european commission met with amazon representatives yesterday. incredible concentration over-pricing and just over-charging of vacuum purchasers in the eu, i guess. amazon declined to comment and in washington, congress passing a stopgap spending bill avoiding a government shutdown keeping fund flowing into early march. president biden expected to sign that bill today before funding expires tonight. melissa? >> look at markets recent struggle to challenge its former record high. mike's digging into that. mike? >> barely below the record high. set almost two years ago. look at the chart from the very end of 2021, you see that we've sort of been hovering just below that high for a little while now. in fact, one of the longest stretches within 1% of a new all-time high after a bear market and not cracked through. a good chance today we do it. yesterday's rally in the s&p positive for the year less than half a percent from a new closing high.
meanwhile, shares of roomba vacuummaker irobot plunging. i laugh at this story.isition by amazon of a vacuummaker. saying the european commission met with amazon representatives yesterday. incredible concentration over-pricing and just over-charging of vacuum purchasers in the eu, i guess. amazon declined to comment and in washington, congress passing a stopgap spending bill avoiding a government shutdown keeping fund flowing into early march. president biden expected to sign that bill today...
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Jan 19, 2024
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roomba maker irobot down 24% right now.n had until january 10th to address regulators' concerns that the deal would reduce competition, but so far they haven't put forth any proposals. the deal was first to proposed in all of 2022, and since then shares of the robot manufacturer have dropped more than 66%. amazon today at least is up 1. 33%. >>> we told you at the top of the show that travelers insurance was traveling to a record high. right at the top of the dow jones industrials and the s&p. well, after reporting fourth quarter profits that were well above expectations, you can see that the stock is up 6.33% just off session highs here. the insurance company attributed the beat to lower catastrophe if losses and higher underwriting gains. the company's next income -- net if income, rather, nearly doubled year-over-year. and wayfair shares, let's see if they are where they went this morning. they're just slightly below the highs here but up 10% still. wayfair says it's going to cut 1,650 workers in an attempt to trim costs
roomba maker irobot down 24% right now.n had until january 10th to address regulators' concerns that the deal would reduce competition, but so far they haven't put forth any proposals. the deal was first to proposed in all of 2022, and since then shares of the robot manufacturer have dropped more than 66%. amazon today at least is up 1. 33%. >>> we told you at the top of the show that travelers insurance was traveling to a record high. right at the top of the dow jones industrials and...
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Jan 29, 2024
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the readout for irobot is clear. just take a look at the stock, it's plunging right now. what could this possibly mean for amazon though? >> i mean, for amazon, i don't think it makes such a big difference given this was being reviewed for almost 18 months, and the termination fee is like $94 million. so not big of a deal when you compare it to the adobe fee. but what it signals is there aren't many buyers out there when you think about all these companies that are valued over a billion dollars. who's left to buy them? ultimately it's a large tech companies that have the balance sheet and the capital allocation to make the acquisitions. and right now the environment is such that regulators don't want any of these deals to go through. so it kind of sets the startup ecosystem back in terms of their exit strategy. katie: great to see you. good luck this week. that is mandeep of bloomberg intelligence. for more insight on the week to come, including that rate decision on wednesday, we're joined now by the principal global investor chief global strategist, joining us now. seem
the readout for irobot is clear. just take a look at the stock, it's plunging right now. what could this possibly mean for amazon though? >> i mean, for amazon, i don't think it makes such a big difference given this was being reviewed for almost 18 months, and the termination fee is like $94 million. so not big of a deal when you compare it to the adobe fee. but what it signals is there aren't many buyers out there when you think about all these companies that are valued over a billion...
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Jan 29, 2024
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irobot ceo is stepping down immediately and the company plans to lay off 31% of its employees, around 350 people. scott? >> julia, we will see you in just a bit. we're just getting started here. up next, more of your big tech set up. apple, alphabet, amazon, meta are among the big names reporting this week. we will hear from a top tech strategist with how he is navigating the crucial week. we're live from the new york stock exchange. you're watching closing bell on cnbc. s&p, 40 9:25. the dow is up almost 200. we're back after this. we're back after this. trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab. at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite,
irobot ceo is stepping down immediately and the company plans to lay off 31% of its employees, around 350 people. scott? >> julia, we will see you in just a bit. we're just getting started here. up next, more of your big tech set up. apple, alphabet, amazon, meta are among the big names reporting this week. we will hear from a top tech strategist with how he is navigating the crucial week. we're live from the new york stock exchange. you're watching closing bell on cnbc. s&p, 40 9:25....
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Jan 31, 2024
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laughter ] amazon announced yesterday it will not proceed with a deal to purchase the vacuum maker iroboto -- oh, i missed it. [ light laughter ] well, i could have just kept going. you guys want to hear the word i missed amazon announced yesterday it will not proceed with a deal to purchase the vacuum maker irobot due to, quote -- [ laughter ] [ applause ] "undue and disproportionate regulatory hurdles." and as anyone that owns a roomba can tell you, they don't do well with hurdles [ light laughter ] in the end, it didn't matter [ laughter ] i was worried my [ bleep ] up would ruin the rhythm, but - [ laughter ] it still had such a satisfying landing. or maybe the joke was never good [ light laughter ] we'll never know don't you judge me in your corner oh, it's easy to judge in the corner in the corner you'll stay! and finally, krispy kreme is offering heart-shaped donuts in honor of valentine's day it's the perfect way to tell her, "i just remembered what today was. [ laughter ] and that was the monologue, everybody. we are off and running [ cheers and applause we got a great show for y
laughter ] amazon announced yesterday it will not proceed with a deal to purchase the vacuum maker iroboto -- oh, i missed it. [ light laughter ] well, i could have just kept going. you guys want to hear the word i missed amazon announced yesterday it will not proceed with a deal to purchase the vacuum maker irobot due to, quote -- [ laughter ] [ applause ] "undue and disproportionate regulatory hurdles." and as anyone that owns a roomba can tell you, they don't do well with hurdles [...
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Jan 29, 2024
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news just out from amazon. irobot, terminating a pending acquisition.ring a plan cutting about 350 jobs, or 31% of the workforce. irobot's chairman and ceo is stepping down and the chief legal operator named cio. irobot sheas down 21%. amazon shares up slightly. pretty big news highlighting risks of mergers and acquisitions. if the deal doesn't go through what does the acquiree do at that point? what step doss they have to take? especially given the scrutiny taking place in europe and the united states? >> meantime, our next guest is one of those influential investors in the world of crypto. chris dixon a general partner in andreessen horowitz. notable investments include coinbase and others. new book titled "read, write, own: building the next era of the internet." chris, thank you for being with us. >> thank you for having me, andrew. >> about a million questions i have. i want to get to the book and talk about the book, but before we hit the book i think we're all trying to understand what just happened with the s.e.c. and this bitcoin etf and what i
news just out from amazon. irobot, terminating a pending acquisition.ring a plan cutting about 350 jobs, or 31% of the workforce. irobot's chairman and ceo is stepping down and the chief legal operator named cio. irobot sheas down 21%. amazon shares up slightly. pretty big news highlighting risks of mergers and acquisitions. if the deal doesn't go through what does the acquiree do at that point? what step doss they have to take? especially given the scrutiny taking place in europe and the...
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Jan 11, 2024
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amazon has decided formally not to offer concessions in the context of its $1.4 billion deal to buy irobot team and you are merger enforcers highlighted concerns about competitive issues of the deal. so amazon has taken that decision, you have to block the deal now, do you? margrethe: well, in any merger, it is so that if we have concerns, it is for the businesses either to address these concerns by debunking them, or by addressing them by coming up with remedies that will solve the problem. and if a company says we will not come up with remedies, well, then of course we expect that they have big arguments that our concerns should not be sustained. and we are still in the process of assessing our concerns compared to a situation where we do not have a remedy to the concerns that we have drawn up. ed: the story up 2023, i think you would agree, was artificial intelligence. margrethe: indeed. ed: you announced this week you will look at microsoft's investment in openai, and i believe you are due to meet with some openai leaders. what were you concerned about in the motivations to look at tha
amazon has decided formally not to offer concessions in the context of its $1.4 billion deal to buy irobot team and you are merger enforcers highlighted concerns about competitive issues of the deal. so amazon has taken that decision, you have to block the deal now, do you? margrethe: well, in any merger, it is so that if we have concerns, it is for the businesses either to address these concerns by debunking them, or by addressing them by coming up with remedies that will solve the problem....
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Jan 29, 2024
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irobot is down.i robot deal and that stock is going in the opposite direction and nat gas, there are a lot of equity plays that relate to nat gas and just how low the natural gas prices have gone. >> you would think with what took place that we would have seen something sustained. it's the top ten holding of ours and they get paid on the volume and the price of natural gas is falling apart and we're getting into the march-april spread. >> we talk about it all of the time the direct relationship with the price of crude and oil-related stocks and is it the same way for stocks? >> they're paid with the volume of moving natural gas abroad and so they held out well within range of the 52-week highs despite what we've seen in natural gas. we get one cold front and the market spikes does it has a lot to do with expiration and position in the market and that can drive things and once the cold front goes and it happens to the next month contract and the prices have just dissipated. >> oy.ka quick break, and f
irobot is down.i robot deal and that stock is going in the opposite direction and nat gas, there are a lot of equity plays that relate to nat gas and just how low the natural gas prices have gone. >> you would think with what took place that we would have seen something sustained. it's the top ten holding of ours and they get paid on the volume and the price of natural gas is falling apart and we're getting into the march-april spread. >> we talk about it all of the time the direct...
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Jan 19, 2024
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stuart: irobot. what's happening? they're down 28%.et journal" is saying antitrust authorities in the european union are saying we're not into this. it was a $1.7 billion purchase. they think if amazon is selling roombas, they give them special treatment on the web site, and that's bad for competition. apparently, amazon is not offering any concessions to get this deal through. but, look, again europe goes after our big tech. stuart: yes. lauren: do you remember last month adobe scrapped their $20 billion offer for a design software company because the e.u. was giving them trouble pushing it through. stuart: drives me nuts when europeans bear fear in american -- interfear in american business. they can't do anything like tha- lauren: we're making it hard too because the ftc isn't saying, go on, merge, buy all these companies, they're giving the companies a hard time too -- stuart: europe is a giant museum. okay, here's a good question, how much money died jamie dimon make last near -- jamie dimon if make last year? lauren: $36 million.
stuart: irobot. what's happening? they're down 28%.et journal" is saying antitrust authorities in the european union are saying we're not into this. it was a $1.7 billion purchase. they think if amazon is selling roombas, they give them special treatment on the web site, and that's bad for competition. apparently, amazon is not offering any concessions to get this deal through. but, look, again europe goes after our big tech. stuart: yes. lauren: do you remember last month adobe scrapped...
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Jan 29, 2024
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irobot announced it's laying off about 31% of its workers. ceo is leaving the company. >> our time is 954. the decision to close the pacifica pier is really hurting the nearby businesses. a month ago, the city shut down the pier on the san mateo county coast after high tides and huge waves caused major damage. many local business owners say sales dropped as much as 50% because fewer tourists are coming to pacifica to fish or walk th pier. city leaders hope to reopen at least part of the pier by valentine's day in two and a half weeks. >> the federal reserve begins a two day meeting tomorrow, and analysts say it's hard to predict if the fed will change interest rates. the economy is still growing at a healthy pace as consumers keep spending and the unemployment rate is close to its lowest level in 50 years. most economists originally predicted the us would be in a recession by this time, but are now feeling that that has been avoided. the fed is now likely to start cutting its key rate, but most analysts believe that won't happen this week. >>
irobot announced it's laying off about 31% of its workers. ceo is leaving the company. >> our time is 954. the decision to close the pacifica pier is really hurting the nearby businesses. a month ago, the city shut down the pier on the san mateo county coast after high tides and huge waves caused major damage. many local business owners say sales dropped as much as 50% because fewer tourists are coming to pacifica to fish or walk th pier. city leaders hope to reopen at least part of the...
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for its irobot m&a a acquisition. to get liquidity will be the ipo market, and a lot of these companies want and need need liquidity. so i think it is early to see people start to file, but i do think this is going to be a year where we will see probably reddit, certainly shein has filed some paperwork, make it happen. charles: maybe they'll become public at reasonable prices. i know you like the travel stocks, the booking stocks. do you think the consumer can keep it up? we had revenge travel and those sort of things, but, you know, some of these stocks are looking pretty expensive. >> they are looking pretty expensive on a pure sort of price basis. the pe ratios are still in ranges that i like. i like expedia, i like booking. i also think people are using these travel aggregators more and more. it's not an accident when you go to kayak, they aggressively tell you which plane you're flying on in case you want to avoid some of boeing's right? whether travel goes up or down, if you're renting a car, staying in a cheap
for its irobot m&a a acquisition. to get liquidity will be the ipo market, and a lot of these companies want and need need liquidity. so i think it is early to see people start to file, but i do think this is going to be a year where we will see probably reddit, certainly shein has filed some paperwork, make it happen. charles: maybe they'll become public at reasonable prices. i know you like the travel stocks, the booking stocks. do you think the consumer can keep it up? we had revenge...
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Jan 30, 2024
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shares of irobot after amazon scrapped its plan of the rumba maker.ket in the european market. colin angle is stepping down in a cut of about 31% of its workforce, about 350 staff. golf's pga tour said to be close to finalizing an agreement of an investment of a u.s. consor absolutely led by fenway sports. inincludes new york mets owner cohen. the investment could run about $3 billion with additional funds from the saudi public investment fund. haslinda: let's look at the indonesia market. saying it has been buying bonds to support the i.d.r. and says it will come to intervene to stabilize the currency. that i have said repeatedly it expects the idr to stay stable. in asia, down about 2.5% vs. the u.s.d. also tracking some of those automakers as well as byd. byd and some of it suppliers under pressure after its earnings fell short of analyst expectations, coming down by more than 5%. that is it for bloomberg markets asia. keep it here with us. this is bloomberg. ♪ get help reaching your goals with j.p. morgan wealth plan, a digital money coach in the
shares of irobot after amazon scrapped its plan of the rumba maker.ket in the european market. colin angle is stepping down in a cut of about 31% of its workforce, about 350 staff. golf's pga tour said to be close to finalizing an agreement of an investment of a u.s. consor absolutely led by fenway sports. inincludes new york mets owner cohen. the investment could run about $3 billion with additional funds from the saudi public investment fund. haslinda: let's look at the indonesia market....
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Jan 17, 2024
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amazon and irobot.he eu doesn't like it i don't think amazon likes it either >> they're going to dominate the robot vacuum cleaner, and that is one thing that is unforgivable i want competition in that market >> given what's happened to that company, amazon, they already cut the price. and the albertson's deal that we've talked about a lot, which is unclear when that's going to come up, but there's still a belief -- >> washington state yesterday on that news. jim, really quick. this waller speech yesterday and his line that we don't need to cut as rapidly as we have in the past, is that what sort of hurt the afternoon? >> he crushed the market it was interesting both the dow, which david will acknowledge is atavistic, and the nasdaq went down but the mag seven went up. waller couldn't hurt the mag seven. he couldn't. >> no. >> he took a shot, and he failed >> everybody fails >> everyone fails. >> it's like the van wick. you can't beat the van wick. it's an old "seinfeld" -- have you ever gone to kennedy
amazon and irobot.he eu doesn't like it i don't think amazon likes it either >> they're going to dominate the robot vacuum cleaner, and that is one thing that is unforgivable i want competition in that market >> given what's happened to that company, amazon, they already cut the price. and the albertson's deal that we've talked about a lot, which is unclear when that's going to come up, but there's still a belief -- >> washington state yesterday on that news. jim, really...
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Jan 19, 2024
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., the eu, the antitrust regulator blocking amazon's proposed acquisition of irobot.everybody in every direction. in terms of getting your sense of the theme we've touched on but i'm looking at that ubs note. lower interest rates will reduce returns and increase the reinvestment risk or cash and money market investors. if we are going to push later and less rate cuts, is that $6 trillion that's in money market funds, will that be slower to release? will that materially impact the momentum in these markets or can we power ahead even with the flow of money in money market funds? >> i think there is a number of different buyers for equities whether it what's coming from money market funds or whether it's corporate buybacks. broader institutional investors as well. when it comes to the equity market specifically, i think the equity investors have a specific set of expectations. there is an expectation we will see a resilient economy with resilient consumer spending and a pickup and earnings growth. that comes through, then markets can grind higher. our price target on the
., the eu, the antitrust regulator blocking amazon's proposed acquisition of irobot.everybody in every direction. in terms of getting your sense of the theme we've touched on but i'm looking at that ubs note. lower interest rates will reduce returns and increase the reinvestment risk or cash and money market investors. if we are going to push later and less rate cuts, is that $6 trillion that's in money market funds, will that be slower to release? will that materially impact the momentum in...
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Jan 29, 2024
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. >> amazon will back a one-point form billion-dollar deal -- $1.4 billion deal with irobot.lved. >> in any merger, it is true that if we have concerns it is for the businesses either to address these concerns by debunking them or by addressing them by coming up with remedies that will solve the problem. if a company is saying we will not come up with remedies, then we expect that they have good arguments. >> the e.u. warned amazon would be tempted to demote similar products on its marketplace. amazon is expected to pay ir obot a $94 million termination fee. ceo stepping down, company cutting jobs. company is suspending sales of sleep apnea devices in the u.s. making a deal over its faulty medical equipment. the ceo said the company does not see any harm after extensive tests done on the devices. still, phillips is facing thousands of lawsuits. u.s. and chinese officials are set to discuss a fentanyl crackdown. they are set to meet with chinese counterparts on tuesday. first sit down meeting following the november pledge on narcotics operations. biden is eager to make progres
. >> amazon will back a one-point form billion-dollar deal -- $1.4 billion deal with irobot.lved. >> in any merger, it is true that if we have concerns it is for the businesses either to address these concerns by debunking them or by addressing them by coming up with remedies that will solve the problem. if a company is saying we will not come up with remedies, then we expect that they have good arguments. >> the e.u. warned amazon would be tempted to demote similar products...
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Jan 29, 2024
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take you live to the opening bell, amazon just announced this morning it will no longer try to buy irobotvacuum. >> amazon, citing the deal, would not get regulatory approval. i robot now reportedly set to cut one third of its employees. it's based in massachusetts. some imports, but earnings reports come this week, including some of the bay area's big tech companies. apple, meta, alphabet also reporting this week, microsoft, amazon, boeing, merck. that's flutter ringing the bell. they do sports gambling flutter. yes, i think they're they might be the parent company of fanduel. anyway a lot of sports betting going on right now right. thank you for joining us here on morning sun two i'm pam cook i like that sky. that's beautiful. >> that's beautiful. good morning i'm dave clark. it is monday. it's january 29th. and i was just out in the parking lot because roberta would ask me the air is so comfortable and cool right now. i know there are things coming, but it feels great. >> dave clark, my human weather station. it's a breeze. thank you so much. it's gorgeous right? yes yeah, it's going t
take you live to the opening bell, amazon just announced this morning it will no longer try to buy irobotvacuum. >> amazon, citing the deal, would not get regulatory approval. i robot now reportedly set to cut one third of its employees. it's based in massachusetts. some imports, but earnings reports come this week, including some of the bay area's big tech companies. apple, meta, alphabet also reporting this week, microsoft, amazon, boeing, merck. that's flutter ringing the bell. they do...
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Jan 19, 2024
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there's the opening bell live in the new york stock exchange shares in irobot.cuum cleaner set to drop more than 35. that's after the european union's competition watchdog announced plans to block amazon's purchase of the company. also this morning, apple's vision pro headset, available today for $3,500. and by the way, that's pinstripe. it's ringing the bell. the bistro bowl ring and bocce hangout spot. now a publicly traded company. it has one location here in the bay area in san mateo, and it is opening in walnut creek this spring. >> i am waiting to see that i will meet you out there. okay. >> good challenge you to a bowl. >> you know you're going to beat me. >> yeah. we'll see. thanks for joining us here on mornings on two. i'm pam cook and good morning i'm dave clark. >> it is a friday. it is january 19th. i was out in the parking lot. it's getting cooler and breezier. no rain yet. no rain yet. but steve said that was going to happen in walnut creek. >> really? yes yes. bocce and bowling broadway plaza. >> do you want to broadway plaza? you want to join us
there's the opening bell live in the new york stock exchange shares in irobot.cuum cleaner set to drop more than 35. that's after the european union's competition watchdog announced plans to block amazon's purchase of the company. also this morning, apple's vision pro headset, available today for $3,500. and by the way, that's pinstripe. it's ringing the bell. the bistro bowl ring and bocce hangout spot. now a publicly traded company. it has one location here in the bay area in san mateo, and...