just consider last week gannett bought belo. the stock record. gannett jumped 34%.d scratcher, huh? last week they agreed to buy warner and it had been running to the prospect of a deal. bng jumped two points from 29 to 31. talk about shaking your booty. this is not normal, people. usually in a takeover the stock goes lower, not higher, yet we just saw these stocks were acquirers. cash makes the difference. gannett stock went up more than the stock it was buying. one thing these mergers have in common is they are added to earnings. that's what matters, which means the analysts need to raise the acquirers. companies that adopt their don't just stand there approach, give them what we see here, all sorts of taken companies should be jumping all over themselves to make acquisitions. it's not happening. let's take a close look at these deals. why did gannett rally so hard when it bought belo? it had half its business coming from publishing. the owner of usa today and small publications i read every day, the sad truth is the newspaper biz is in long-term decline, it's ter

just consider last week gannett bought belo. the stock record. gannett jumped 34%.scratcher, huh? last week they agreed to buy warner and it had been running to the prospect of a deal. bng jumped two points from 29 to 31. talk about shaking your booty. this is not normal, people. usually in a takeover the stock goes lower, not higher, yet we just saw these stocks were acquirers. cash makes the difference. gannett stock went up more than the stock it was buying. one thing these mergers have in common is they are added to earnings. that's what matters, which means the analysts need to raise the acquirers. companies that adopt their don't just stand there approach, give them what we see here, all sorts of taken companies should be jumping all over themselves to make acquisitions. it's not happening. let's take a close look at these deals. why did gannett rally so hard when it bought belo? it had half its business coming from publishing. the owner of usa today and small publications i read every day, the sad truth is the newspaper biz is in long-term decline, it's termi

they're going to almost double gannette's broad

gannett is already the nation's largest newspaper chain. gannett stock closed at its five-year high of $26. caution is in the air for southwest airlines. the ceo warns travel demand this summer could fall off as more sequester budget cuts take effect. he says passenger revenue will likely fall into the low single digits in the second quarter. the airline's bookings in march were soft, but were more in line with expectations in june. in a new sign that the housing market is changing direction: banks have started to repossess more homes. repossessions rose 11% in may. as home prices rise and inventory drops, banks now have no reason to hold back on foreclosures and are rushing to get those properties back onto the market. north carolina, oregon, wisconsin and illinois had the highest rates of repossesions. walmart's new hiring strategy is to add temp workers only. walmart tells reuters it's about having enough workers on staff. retail analysts say hiring temps lowers the company's insurance costs under the new healthcare laws. the retailer sa

what does this transaction say about the direction you want to take gannett? >> you know, this is just another step in the transformation of gannett that we announced a year ago towards highly margined, higher growth businesses. we were very fortunate to be able to do, to take this big step today in one fell swoop and to combine two great media companies like belo and gannett broadcasting. >> let's talk a little bit about whether this is a big bet on local media. i understand that it is a big bet on broadcasting. but is this saying that you believe there is a lucrative future in local? >> we believe there's a very lucrative future in local. and we are the local media companw in the united states. serving over 110 local markets with this combination. so we see this as an opportunity to use all of the digital marketing services and other digital products we have and spread them across a much larger portfolio of markets. >> martore, thank you very much. your stock is up. gannett's and so is belo's. >> thanks very much. >> as global markets slump, where are buying

anyone who owns gannett along with warren buffett.cquiring belo, a television company owns 20tv stations among other properties for $1.5 billion. this sent gannett's stock leaping 35%, a five-year high. good for them. warren buffett berkshire hathaway owns 1.74 million shares of gannett. that means he made nearly $11.8 million today, if he cares or notices that is nothing to him. >>> meanwwile losing money today, investors in coty. the perfume giant is behind brands like calvin klein. the ipo is the third largest in the u.s. this year and its stock debuted today but investors apparently smelled something a little sour. shares closed down 1% there. >>> making diva-sized money today, beyonce. she is currently performing her mrs. carter show world tour in the u.k. ticket sales are so high the tour is now expected to take in more than $100 million. put a ring on that? >>> another bump in the road for the keystone pipeline. a former transcanada employee speaks out on what he calls shoddy practices at the company controversial and highly po

lori: newspaper company gannett nearly doubling its tv holdings.t on viewers and advertisers coming up. first a look how oil is trading today. up 96 cents a barrel,. back with more after this. ♪ this is thtempur-pedic invation lab. it's like fronrow seat to our latest technologies. this is thtempur-pedic invation lab. here is where our engineers do their constant improving. have helped over 7 million people fall in love with their tempur-pedic. and nofor my favorite part of the tour. [whispereveryone loves free samples. ♪ you will lose 3 sets keys 4 cell phones 7 socks and 6 weeks osleep but one thing you don't want to lose is any more teeth. if you wear a partial, you are almost twice as likely to lose your supporting teeth. new polrip and polident for partials 'seal and protect' helps minimizeze stress, whih may damage supporting eth, by stabilizing your partial. and 'clean and protect' kills odor-causing bacteria. care for your partial. help protect your natural eth. how old is the oldest person you've known? we gave people a stickerer and had t

keeping an eye, david on belo, and gannett. >> and i have rarely seen anything like gannete,t, and th you look at the shares of eci, if given the response from the investor base, and if you can see a company running out -- looking at vera wang and the ceo of coty and any company that can make a similar acquisition will do so when you can add 28% to the market value, as we are watching with gannett off of the belo deal. >> you see the head of coty and vera wang. when is the last time we saw a designer, and make michael kors is the last time that a designer made this big of a -- >> look at the performance and the core stock has done, and looking at the ipo doing well here, and this is a big test as well, and first consumer discretionary here, and the third biggest year-to-date for the u.s. so it is important to see when it finally opens where it actually does. >> and of course, david, we remember the run at avon, and how that ended. you might say that this is just desserts here for certain parties, right? >> yeah. yes. you might. you know, it is funny, because i am looking at avon as we

it would make gannett the fourth largest broadcast group.al needs to be approved by the federal communications commission. >>> news corp's ceo and his wife are ending their 14-year marriage. rupert murdoch filed for divorce days before it split into two companies, one for entertainment, the other for publishing. murdoch is worth more than $9 billion. not the last i'm sure that we have heard about this story. >> no. that will be dragged through the papers maybe just a little bit. >> reporter: yes. >> of which he probably owns. >>> by the way, i guess google is making big bucks in ad revenue. >> reporter: oh, yes. they are for the second year in a row expected to sell morning mobile advertising than the rest of all their rivals combined. google is predicted to make nearly $9 billion in mobile ad revenue this year, a 56% share of the entire advertising market for phones and tablets. facebook is expected to come in a distant second place with about $2 billion in revenue from mobile ads. and when you have to say distant second but still talking a

david: gannette which is, of course, the largest newspaper chain in the company, agreed to buy television company belo for $1.5 billion. they're going to almost double gannette's broadcasting assets with the company now reaching about a third of households. liz: markets across asia suffered another down day, the nikkei falling more than 6%, now down 21.9% from its intraday high reached in may. it officially enters a bear market. david: meanwhile, microsoft is announcing it's going to open 500 special stores with an -- within existing best buys in the united states selling windows-based tablets, computers and a lot of microsoft products. liz: a williams company's chemical plant in louisiana exploded and caught fire killing at least one person. officials are asking people within a two-mile radius to stay inside to avoid exposure to potentially toxic fumes. david: and inside the beltway, the supreme court yang mousily ruling that human genes isolated from the body cannot be patented. this ruling is seen as a victory for doctors and patients who argued that such patents interfere with scienti

quick note gannett saying it will continue its buyback program.with a $3 million operation. >> the president of the broadcasting was at blo gfr going to gannett. >> are you a blo man? >> i have been following the stocks. belo. >> we are like a middle aged. >> middle aged media? >> but 50 is the new 30. so i don't know, i need to know how media plays out. >> the question is table may be the new media. cable may be the new media. >> i don't know if it's people watching when they won or computers. are you the one that is supposed to know. are you the disruptor. >> this is true. anyway, we watched gannett stock today. >> the full market on the cover of "usa today" on the day we peaked. that's all i know. >> let's talk markets. now get into commodities, like gold dealing, we are talking the fed are tapering the moves. we don't like to swha goes on during the break. joe was getting on you for gold. >> he threw gold under the bus. >> i never said -- >> you used to love gold. >> i wrote a book on gold. i've always advocated on the program or any other pro

gannett, the publisher and several local newspapers plans to expand its tv holdings.wants to buy bilow, its dallas-based tv company for $1.5 billion in cash. the acquisition would make it the fourth largest broadcast group in the nation. the deal needs the approval of the federal communications commission. >>> nicaragua has an idea to build and operate a shipping channel. it would link the shipping lane with the sea. it would likely cross the nicaragua lake, the largest in central america, and be three times longer than the panama canal. lawmakers who favor the plan, though, say it would create billions of dollars for cash-strand nicaragua but others oppose construction. anti-canal protesters marched and carried banners that read president ortega is selling the country. >>> rupert murdoch and his wife have filed for divorce. rupert murdoch is estimated to be worth more than $9 billion. >>> and when it comes to parking in boston, the sky is the limit. or just about. someone paid $560,000 in an auction for two spots in the heart of the city. boston has too many cars and

gannett announced their purchase of the bielow stations. and scale matters.from the cable stiations. >> and are you campbelling on a takeover for one of these? give at any bielow deal? >> i think it shows more value in these television stations and the retransmission fees are going higher. takeovers could happen. i think meredith and gannett have their traditional print properties that will be up for maybe auction. you never know because they are going to be able to bank on the television. >> can you see gannett transitioning fromming be a print corporation to primarily media and actually getting rid of print? that would be -- >> time warner spinning off time. time was trying to spin off with meredith. >> still a big deal. >> it could happen. warren has been buying a lot more media and newspaper broadcast properties. >> billionaires with egos love to own newspapers. >> also nice thing that happens, environment starts to change, having television and print together in the same local communities, that could happen more often in the future and highly profitable

for the first time they caught a gannett , a guy and went dow the chain.phone and all these texts and e-mails. 1 gram of coke and my grandma pot and when and arreste the buyers, the consumers wch is really never happened before. that's what they're doingere, going after the conmer. no one wants to buy the bags are afraid they will be the ticket, then these guys i've going to be a selling them because thawill make any money. melissa: i wonder who it really hurts. i mean -- >> the ceo. melissa: oh, you know, it's a billion dollars a year. whenever it is. huge numbers. but if somebody is going after thisree in buying a50 knocked off low is the time, that is not the person that was actually going. 's not actually stealing siness. the argument in make is, well, you see the knockoff o tre and it looks like crap, some people think airbags a terrible. >> can you say that word o tv? melissa: i can say anything now want. >> i understand your saying. obviously there was enough pressure here to get in new york city cocil woman to bring ts bill to the floor. again,ou w

gannett stock the large municil bankrucy in history we are going to ask one o detroit's former mayorsn never have too much@ "money" in detroit. ♪ ♪ melissa: whether it is o wall street or main street, anyone who owns smith andesson, no, not the guns, company share. this court record sales in its most recent fiscal year, soaring % and up its guidance for fiscal frth quarter. the newsriggered a 5% gain for smith and wesson stock. good for them. also making mon, investors in groupon, the gup coupon ha apparently not over at least according to deutsche bank upgrading groupon stock the by, pointing to its growing attraction in mobile. leing more than 11%. andaking money and getting a new life today. the terminator franchise. seriously? the ceo of oracle paying 33% of the budget for a new terminator fell because they have money to burn. paramount pictures will pick up the rt a, yes, arnold schwarzeneggerays he will be back to reprise the role. shooting begins in january. just wt we need. u.s. officials are notaking all necessary steps to psecute edward snowden. the case against the yen as a

. >> talk about huge pop gannett. >> you don't see this when one company buys another.tly the market liked it. you got a 30% pop. i still like them but nothing wrong with moving the register. >> hall burton. >> it does heavy turnoverades up about 3.5% easing after hours but i like it. >> breaking news here. >> i just got off a white house conference call in which the white house officials announced a significant uptick in u.s. assistance to the syrian opposition because the united states has formally concluded that chemical weapons were used by the assad regime. they said it was both political and military. so far they have been providing nonweapons assistance. most people said they didn't want the united states government to intervene militarily. obama said a red line was crossed and there will be more u.s. effort to the rebels. where does it go from here? no fly zone actual bombing by the u.s. or the coalition involving the u.s. all of that is going to be discussed at the g 8. which was a significant move by the administration. we'll have to see how it plays co out in

one yet, publishing news, gannett agreeing to buy for belo for $13 million in cash.o big analyst calls today. goldman upgrades international paper to conviction buy. they see 25% upside potential to price target of 55 bucks. the upgrade blackberry to buy, reportedly saying that sales ofity newer hand sets based on the bb 10 operating system look to be stronger in the first quarter than many thought. and big ipo of the day, cody, priced at the middle of the range at 1750, finishing the day at 1% pf restoration hardware, beat on t.o. top and bottom, gave better than expected goidance for q2 stock. >> i love that store, by the way. thanks, josh, even with today's big rally, publisher of the sector selector says across the world financial markets are falling like dominoes. one by one. he joins me now to take us through the theory. thanks for joining us. >> hi, maria. good to be here. i appreciate it. >> so map out the domino theory. how does that work? >> you look all around the world. we are not operate in a vacuum any more of course. we started with apple. we saw class

gannett stock the largest municipal bankruptcy in history?going to ask one of detroit's former mayors. you can never have too much@ "money" in detroit. ♪ ifoand man, you knowow how it can how that feels. copd includes emphysema and chronic bronchis. spiriva is a once-daily inhaled copd maintenance tatment that helps open my obstrucd airwayfor a full 2hours. spiriva handihaler tiotrium bromidinhalation powder does not replace fast-acting inhalersor sudden symptoms tell your doctor if you have kidney problems, glaucoma, ouble urinating, or an enlarged prostate. discuss all medines youspiriva. take, evenye drops. stop taking iriva and se immediate medical help if your breaing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can rerse copd. spiriva helps mebreathe. does brehing with copd weigh you down? don't waito asyour doctor about spiriva. ♪ melissa: whether it is on wall street or main street, anyone who owns sm

our parent company gannett is out with this year's database that lets you type in a name and you canook up the salary and bonus information of nearly every term worker n. is a system that usually gets some cheers and complaints. you can check it out by logging on to wusa9.com. they found some interesting information digging through this database. for example, they were able to find over a hundred federal workers who got bonuses over $40,000. a ton of money. >> we don't know what they did for those bonuses so it's not an indictment yet, is it? >> it's not an indictment. they earned the bonuses for the jobs that they did but it shows you the level of how high some of these salaries are in the federal work force. >> and we are paying for them. >>> a until issues a second ruling in the debate over the rules for transplant patients on waiting lists. we have more on that story coming up. >> lebron james came up with a triple double in game one of the nba finals but was it enough? we'll tell you that when we return. >>> a nice yellow alert day. we have weather will impact you significantly,

now the courts in the population are moving up gannett the situation is about change like that. where suddenly you are going to have a declining labor force and a rising number of people the laboce haso support. it's a big change. meanwhile, you have the north africa and middle east countries fertility has come down some but it's still very high and longevity is big cities are very young societies. and some how many of them have gotten organized in a way people don't have much to do. and the information and communication people do not have a monopoly on information on ability to organize that is entirely changed. so, in the middle east we see the arab awakening and the spark, there was a little guy indonesia and all he wanted to do is sell a business with fruits and vegetables and the regulators wanted to get a bonnet and he refused so they squashed him. how do you expect me to make a living? and worked as a lot for you. it gives you dignity. you get some in, from work and feel i deserve that. i did something and i got paid for at. so i think in that term while we are seeing in

that gannett move is really impressive.e the acquisition the shares go down. pretty interesting. in the old media business. stuart: listen to this, legal marijuana industry startups headed to wall street, they will pitch their moneymaking ideas to investors. one of the people running this event, and it is an event coming up, the ceo. welcome to the program. >> thank you for having me. stuart: a whole bunch of high net worth investors. you're going to have a parade of people lining up making their pitch for these investors come to me, give me some money and i will make you money, is that how you are going to do it? >> exactly. a whole bunch of new states have come online with washington and colorado to legalize marijuana for all adult use. stuart: this is an event held someplace in new york city, all of these people and you are bringing the pot industry. >> just likeethe show "shark tank." stuart: i was just going to say that. >> they pitch and pepper them with questions and hopefully there are some deals that get done. stua

$ $13.75 deal, and remember that the buyer there was up enormously, and gannett went up as much as belo>> and now it is trading -- >> it is more than 50% of tv now. that is what happened. >> but why is belo trading well above the $13.75. >> somebody else wants to come in. >> and gannett came in so well, shareholders are thinking to get more from them, and can we potentially vote this down, because the acquirer stock is going up so much that it must be a bad deal. >> and we go to the bond pit is my thinking, and go to the cme with rick. rick? >> 8:30 numbers weren't that bad this morning and you can clearly see that with the intraday of the 10-year chart and crawling up. and the two-day, and you know the laurels of the economy or hardy and f.t. and it is classic laurel and hardy, and you can see where it is sell-off pushing the yields yesterday when the stories came out, and the markets really kind of a cat on a hot tin roof at this point, and many don't believe lit change until tomorrow's conference, and maybe it will be more volatile. if you look at where we had the first close at abov

look at gannett, they announced a deal last week, stock went up.e billion to $3 billion range. a lot of sales going on now t. private equity guys get it. this is a great time to sell companies, so they're selling everything they can sell. >> rob kindler, thank you for coming in. we have data we will get you. you have to come in longer. >> love to. thanks. >>> when we come back, we have bri breaking economic numbers. we will be back right after this. we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. ♪ >>> welcome back to "squawk box," everyone. we are less than a minute away from cpi and the housing start numbers for may. ahead of those number, the u.s. equity features have been

media company gannett rose 67%.those numbers. >> it's amaze, huge double digits. metlife 47%. cooper man has been bullish stocks in general for at least two years now. he's been very right on it have been churned out great reports as well. he's been a foe of the policy an assault on bond yields and said at last year's conference, bike u.s. treasuries was akin to walking in front of a steam roller and picking up dimes. robert kapito did successful on verizon and merck. he likes high yield bond funds. a trade that got crowded in the second half of last year. honorable mention goes to j.p. morgan's mary erdoes. ppr owner of gucci group up more than 50%. on the losing side, though, jim chanos had a couple calls that didn't play out during the year. he focused on hp, he felt overspent on acquisition and dell, both have risen since then. hp by a particularly big mar jen. dell looks to be taken over at a buyout of $13.65 per chair. of course, i should add the caveat that we don't know if these players are holding on to the