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Aug 26, 2014
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more on that result -- actually we have a market flash from morgan brennan. who knows where we're going, morgan. >> it's an adventure today. check on the vm wares, hosting the annual conference in san francisco, and investors don't seem to be impressed. dow jones reporting that it could be rick sheryl ling was a bit bearish, so that stock is trading down about 3.5% right now. michael luke relyi being arrested on charges related to insider trading. the complaint alleges that he traded on insider information that he obtained during his employment. which is an vesselor relations firm. they them and merger related press releases. . simon, down to you. >> sue, best buy taking a dive. mixed results and the outlook worrying investors. how will the retailer survive in the years ahead? >>> plus down on the farm. jane wells in des moines, iowa. jane? >> i am a little further north of there. some rain here today, some hail. rain is good, hail is bad, but there's so much, prices are coming down, farmers are going to cut back spending, except in one area. we'll have that,
more on that result -- actually we have a market flash from morgan brennan. who knows where we're going, morgan. >> it's an adventure today. check on the vm wares, hosting the annual conference in san francisco, and investors don't seem to be impressed. dow jones reporting that it could be rick sheryl ling was a bit bearish, so that stock is trading down about 3.5% right now. michael luke relyi being arrested on charges related to insider trading. the complaint alleges that he traded on...
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Aug 15, 2014
08/14
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morgan brennan has more on the coke monster deal and what it could mean for the beverage business. >> reporter: coca-cola will acquire a 16% stake in monster beverage. the deal includes exclusive distribution and the swapping of certain brands with monster receiving almost $2.2 billion in cash. analysts say this could help coca-cola jump start the lackluster growth. sales of soft drinks, 70% of coke's business have continued to tumble as more consumers choose healthy drink options over soda. >> between green mountain and monster, what you're seeing is an admission that they need to shift focus. >> reporter: earlier this year, coca-cola increased stake in single serving coffee maker kerig. it's a market that attracts a new kind of customer. monster is the energy drink leader accounting for 40% of market share. for its part, monster will be able to access countries like china and russia where it doesn't already have a presence. on an investor call today, the ceo said the move will enable monitor to be a energy drink's company on a global level and turned sacks and the president of the c
morgan brennan has more on the coke monster deal and what it could mean for the beverage business. >> reporter: coca-cola will acquire a 16% stake in monster beverage. the deal includes exclusive distribution and the swapping of certain brands with monster receiving almost $2.2 billion in cash. analysts say this could help coca-cola jump start the lackluster growth. sales of soft drinks, 70% of coke's business have continued to tumble as more consumers choose healthy drink options over...
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Aug 1, 2014
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morgan brennan has more on what this all means. >> reporter: america's fourth largest wireless provider has been shaking up the industry, aggressively slashing prices to spark competition with larger u.s. rivals, sprint, at&t and verizon. so far, the plan seems to be working. t-mobile continues to add monthly wireless subscribers and now, it's attracting potential buyers. >> we've always said in the long term scale is extremely important. i have to point out we have multiple options to create long-term scale for this company, one of which is been long rumors and one possibility. >> reporter: multiple options is right. while it's widely believed sprint could put a bid in, another company beat it to the punch. today a company confirmed the $15 billion offer for majority stake sending shares of t-mobile higher, even as a broader market sole off. experts say such a deal could face fewer regulatory hurdles, since it would maintain the current number of wireless carriers, but it also strikes right at the center of a heated price war, and that's redefining the u.s. wireless space. expects say
morgan brennan has more on what this all means. >> reporter: america's fourth largest wireless provider has been shaking up the industry, aggressively slashing prices to spark competition with larger u.s. rivals, sprint, at&t and verizon. so far, the plan seems to be working. t-mobile continues to add monthly wireless subscribers and now, it's attracting potential buyers. >> we've always said in the long term scale is extremely important. i have to point out we have multiple...
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Aug 14, 2014
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morgan brennan reports. >> reporter: comic books aren't just for kids, at least not the rare ones. take action comics number one, the 1938 issue marks the debut of superman and with him, the entire super hero goenra. the last one owned by nickelous cage popped $2.1 million, making it the most expensive sold but starting this week, another copy is hitting ebay's auction site and experts think this one could set a new record. >> action comics number one, historically is the most significant book of all comic books. many consider it the holy grail. >> reporter: the market is growing as more investors approach it like art and stamps. >> probably 20 years ago, comic books weren't seen in the same light as today. i think the ad vemovies, increa view of prices, realized prices at marketplace have really helped to galvanize customers, bidders, people looking for alternative investments to find comic books. >> reporter: it's gearing up for a big offering of its own. detective comics where batman made his debut by the person creator bob cane are expected to fetch six figures. they are comman
morgan brennan reports. >> reporter: comic books aren't just for kids, at least not the rare ones. take action comics number one, the 1938 issue marks the debut of superman and with him, the entire super hero goenra. the last one owned by nickelous cage popped $2.1 million, making it the most expensive sold but starting this week, another copy is hitting ebay's auction site and experts think this one could set a new record. >> action comics number one, historically is the most...
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Aug 11, 2014
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morgan brennan has been working this story for us. now the ceo of the company was on earlier today. what did he have to say? >> first details on the deal itself. kinder morgan is announcing it would absorb energy partners, management and el paso pipeline in a deal valued at $71 billion, including debt. thises the second biggest energy deal in u.s. history behand exxon's purchase of mobil. they're putting all of its assets into a single c corporation. mlps have become very popular because of the tax advantages and high dividends, but the founder says his businesses have gotten too big to make significant invest. >> you pull ought that together and we think this is a recipe for us being able to do lots of capital projects and lots of potential acquisitions that we simply couldn't do until the old structure. it allowed them to move to -- and continue hiking it to 10% annually through 2020. as for the potential acquisitions analysts say the company will be able to acquire all kinds of energy assets, not just infrastructure. and will be raising its dividends for year to come. that's why w
morgan brennan has been working this story for us. now the ceo of the company was on earlier today. what did he have to say? >> first details on the deal itself. kinder morgan is announcing it would absorb energy partners, management and el paso pipeline in a deal valued at $71 billion, including debt. thises the second biggest energy deal in u.s. history behand exxon's purchase of mobil. they're putting all of its assets into a single c corporation. mlps have become very popular because...
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Aug 22, 2014
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morgan brennan has more. >> reporter: it's the biggest issue in the bocan right now, natural gas flaring. they produce 1 million barrels second to texas but drillers are producing more natural gas, more than they can transport. the rig behind me is drilling 11 wells that will come online around the same time. this scenario is playing out across the bakken and there lies the issue. more natural gas is coming online than the current pipeline system can handle and that's why drillers are forced to flair. across the region, thousands of wells are burning so brightly that astronauts have captured images from space. the flair rate here is 30 times higher than other producing states like texas and alaska resulting in more than $100 million worth of gas wasted each month. >> if you look at the value chain, 95% of the value is in the oil. the gas is 5% of the value part. the revenue side. >> reporter: last month, north dakota passed new flaring standards. by october, at least 74% of gas generated at existing wells must be captured. a number the industry is close to but a rate that will increase t
morgan brennan has more. >> reporter: it's the biggest issue in the bocan right now, natural gas flaring. they produce 1 million barrels second to texas but drillers are producing more natural gas, more than they can transport. the rig behind me is drilling 11 wells that will come online around the same time. this scenario is playing out across the bakken and there lies the issue. more natural gas is coming online than the current pipeline system can handle and that's why drillers are...
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Aug 26, 2014
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an earnings alert with morgan brennan on smith and wesson getting crushed in the after hour session. >> the gun maker beat by a penny on earnings. it's sales were below expectation on a weaker demand for guns. the company issued tlirk and four-year results below forecast. sith & wesson currently trading down 12% in the after hours. >> thanks a lot. it sounds like an inventory issue. they built up an inventory after a previous surge in sales. >> these stocks definitely got ahead of themselves. this has come down from what 17 or so. it's a bit priced in here. the place i would go is a cabela's. if there is not a demand, that's what they sell. with dick's and golf, they had a tough quarter. >> shares of amway, on news they will have long guidance, pat, thanks a lot for taking a little time out of the am-world to join us. we appreciate it. >> thank you very much. melissa, great to be with you. >> it was the guidance, a lot of analysts say sixteen 15 were if lipe t. giants was 16 and 17 what was disappointing. at the same time you addressed it to about $60 billion by 17 and you have annou
an earnings alert with morgan brennan on smith and wesson getting crushed in the after hour session. >> the gun maker beat by a penny on earnings. it's sales were below expectation on a weaker demand for guns. the company issued tlirk and four-year results below forecast. sith & wesson currently trading down 12% in the after hours. >> thanks a lot. it sounds like an inventory issue. they built up an inventory after a previous surge in sales. >> these stocks definitely got...
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Aug 29, 2014
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. >>> surf allegation up, so is morgan brennan. morgan? >> hi, look behind me, you might see waves, but the surfing industry sees dollars signs. these waving represent multibillion dollar big. we're going to break it down for you after the break. stay tuned. . ♪ do you know what this means? the greater the curvature, the bigger the difference. [sci-fi tractor beam sound] ...sucked me right in... it's beautiful. gotta admit one thing... ...can't beat the view. ♪ introducing the world's first curved ultra high definition television from samsung. who would have thought masterthree cheese lasagna would go with chocolate cake and ceviche? the same guy who thought that small caps and bond funds would go with a merging markets. it's a masterpiece. thanks. clearly you are type e. you made it phil. welcome home. now what's our strategy with the fondue? diversifying your portfolio? e*trade gives you the tools and resources to get it right. are you type e*? thank ythank you for defendiyour sacrifice. and thank you for your bravery. thank you colonel.
. >>> surf allegation up, so is morgan brennan. morgan? >> hi, look behind me, you might see waves, but the surfing industry sees dollars signs. these waving represent multibillion dollar big. we're going to break it down for you after the break. stay tuned. . ♪ do you know what this means? the greater the curvature, the bigger the difference. [sci-fi tractor beam sound] ...sucked me right in... it's beautiful. gotta admit one thing... ...can't beat the view. ♪ introducing...
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Aug 27, 2014
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morgan brennan, and josh limit ton in pallet alternate on the late palleto al to. >> we ran the numbers on what typically outperforms headed into the fall and what's looking undervalued, so we'll have those names in just a few minutes. but first, josh? >>> well, morgan, apple stock on a tear, hitting new records. whether you account for the split or not. now, when we come back what's likely inside that new iphone. is it enough to satisfy shop terse. more power in two minutes. in today's market, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price, maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. >>> the stock is lower after stevens downgraded the stock and lowered the price target per share from $44 to a $52 before citing visibility
morgan brennan, and josh limit ton in pallet alternate on the late palleto al to. >> we ran the numbers on what typically outperforms headed into the fall and what's looking undervalued, so we'll have those names in just a few minutes. but first, josh? >>> well, morgan, apple stock on a tear, hitting new records. whether you account for the split or not. now, when we come back what's likely inside that new iphone. is it enough to satisfy shop terse. more power in two minutes. in...
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Aug 12, 2014
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morgan brennan joins us. this marks the fourth casino now this year to say it will be closing down. than we started the year with, and of course this one is getting so much more attention, because it's a $2. -- that everybody from governor chris christie on downexpected to bakley bring in a new era. how much of this -- >> and more coming. >> how much is online gaming versus too much supply verse, as i've heard from people that actually looked at the revel to consider buying it, the revel was designed terribly. >> i would say as something who was stayed, i would say the design was not optimal. putting the casino multiple floors and the hotel, and a lot of unused space that probably pushed up utilities bills, that is definitely an issue. i've heard that anybody that potential will buy it will have to put in anywhere from $100 to $200 million just to redesign it. however casino saturation is at play here. that's why you're seeing so much close. >>> well, i don't -- we'll have to wait and see, but fitch actually fitch ratings put out a report a couple weeks ago and they flagged two more
morgan brennan joins us. this marks the fourth casino now this year to say it will be closing down. than we started the year with, and of course this one is getting so much more attention, because it's a $2. -- that everybody from governor chris christie on downexpected to bakley bring in a new era. how much of this -- >> and more coming. >> how much is online gaming versus too much supply verse, as i've heard from people that actually looked at the revel to consider buying it, the...
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Aug 26, 2014
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morgan brennan, the market's flash desk. >> scott, check it out as we speak. on a reuter report it hired jp morgue ton explore its sale activist, trading up 6 percent prps. back to you. >> morning, thank you so much. >>> coming up, black 3 rock's rick rieder, the moment of truth for the fed. upcoming rate decision derail this rally? another big market guest coming up. >>> best buy shares sinking on earnings. is 2 the time to buy? a bull and bear to duke it out. >>> cutting through the noise or the burger king deal. what you need to know, including warren buffettal rope. that and muff more coming up on the new york stock exchange. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. >>> welcome back. you're going to look now at some individual
morgan brennan, the market's flash desk. >> scott, check it out as we speak. on a reuter report it hired jp morgue ton explore its sale activist, trading up 6 percent prps. back to you. >> morning, thank you so much. >>> coming up, black 3 rock's rick rieder, the moment of truth for the fed. upcoming rate decision derail this rally? another big market guest coming up. >>> best buy shares sinking on earnings. is 2 the time to buy? a bull and bear to duke it out....
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Aug 7, 2014
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. >>> big news, morgan brennan. how names are trading. >> thanks. out sprint and t-mobile, moves in opposite directions. the new ceo promised to lure subscribers and cut court when he strts officially monday. wells fargo suggesting the carrier could be a better partner for satellite tv provider dish network rather than t-mobile. sprint shares trading up about half a percent on all of that. though still down about 20% for the week. as for t-mobile, ceo john legere blasting sprint on twit perp an example. "join t-mobile now and jump off the sprint bus before it crashes" harb friendly, #unleashed. tweets go from there. that stock trading down 3% today. back to you. >> thanks, morgan brennan. >>> many, many of -- it'sest tring what his social media strategy is, the ceo of t-mobile. >> you wonder what it is, right? for me, i don't own t-mobile, if i did, i would prefer to not have the ceo going out on twitter with comments like that. i think it's -- childish. >> sprint has a long haul ahead of it. i do. pricing, not competitive with the rest of the indus
. >>> big news, morgan brennan. how names are trading. >> thanks. out sprint and t-mobile, moves in opposite directions. the new ceo promised to lure subscribers and cut court when he strts officially monday. wells fargo suggesting the carrier could be a better partner for satellite tv provider dish network rather than t-mobile. sprint shares trading up about half a percent on all of that. though still down about 20% for the week. as for t-mobile, ceo john legere blasting sprint...
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Aug 1, 2014
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morgan brennan has that angle. >> the u.s. dollar slipping slightly today verse the yen and euro after the lack of wage inflation looking at the dollar index. that's down about 81, three down, about 0.15%. crude oil is dropping. we're keeping an eye on that as well. brent is down about 1015. wti around 97 bucks a bearing, down more than 9% from the june peak that we saw. when bright spot for consumers, gas prices are done near a four-year low. that could keep going with the crude oil trending lower. >> morgan brennan, thank you. >>> of course today's jobs report. steve liesman is here, breaking it down all day. >> i can give you tons of numbers. just four. first one, 209, the number of jobs sixth month above 200. next number unemployment rate 6.2, up, why do we care about that shall shows still slack in the is jobs market. this is what yellen told us could happen. wages up just 2%. shows you there's not an incredibly tight job market. if it were you would have stronger wage gains. and one other thing, i want to give you the is
morgan brennan has that angle. >> the u.s. dollar slipping slightly today verse the yen and euro after the lack of wage inflation looking at the dollar index. that's down about 81, three down, about 0.15%. crude oil is dropping. we're keeping an eye on that as well. brent is down about 1015. wti around 97 bucks a bearing, down more than 9% from the june peak that we saw. when bright spot for consumers, gas prices are done near a four-year low. that could keep going with the crude oil...
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Aug 28, 2014
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. >>> let's get down to business with cnbc's morgan brennan. g, morgan. >> good morning, dara. well, the fbi is investigating reports hackers attacked jp morgan and at least four other u.s. banks earlier this month. reports say russian hackers may have been involved but the motive is unclear. >>> reports say the smartwatch will feature apple's health kit that tracks user's health fitness and goals. >>> gas is at its lowest level on labor day since 2010. gas should average $3.41 a gallon nationwide this weekend. that's 18 cents lower than last year, and prices are expected to keep falling through mid-autumn. dara, back to you. >> thanks so much, morgan. >>> michael lucarelli apparently wasn't too happy seeing the media when he emerged in flip-flops and a tank top from the new york city courthouse. he was indicted on 13 charges of security fraud and $500,000 in illegal profit. >>> and does taco bell for life sound enticing? it's promoting their dollar menu by offering 11 everlasting dollars. winners get a lifetime of taco bell food. >>> and just a
. >>> let's get down to business with cnbc's morgan brennan. g, morgan. >> good morning, dara. well, the fbi is investigating reports hackers attacked jp morgan and at least four other u.s. banks earlier this month. reports say russian hackers may have been involved but the motive is unclear. >>> reports say the smartwatch will feature apple's health kit that tracks user's health fitness and goals. >>> gas is at its lowest level on labor day since 2010. gas...
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Aug 6, 2014
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morgan brennan has details. >> thanks, melissa. check out t-mobile.tock moving lower on news sprint is abandoning its bid to buy the wireless operator. sprint concerned about gaining leaker to approval. iliad improves its bid for t-mobile trading down just over 6%. as for sprint that stock sinking, down about 20%. melissa, back to you. >> thanks. >> what happened to sprint now? faced with combating customer turn going on, losing money every year since 2007. what next, murph? >> the fact it sold off with this deal, allegedly falling apart, doesn't surprise me. the fact it got so much ahead of itself. the move ahead above $ 6, even $6.50. no reason to buy sprint at $6. >> the problem with sprint, in an oridnary situation, this would be like carl icahn licking chops pep get involved, throw everyone out and clean house. you can't, because almost the whole market cap is owned by soft bank. and this is obviously a situation where they're going to dictate the fate of sprint, not any other shareholder. in the about psyience sence of you got? even if the deal
morgan brennan has details. >> thanks, melissa. check out t-mobile.tock moving lower on news sprint is abandoning its bid to buy the wireless operator. sprint concerned about gaining leaker to approval. iliad improves its bid for t-mobile trading down just over 6%. as for sprint that stock sinking, down about 20%. melissa, back to you. >> thanks. >> what happened to sprint now? faced with combating customer turn going on, losing money every year since 2007. what next, murph?...
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Aug 28, 2014
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morgan brennan has the cnbc business news. >>> good morning, tracy. well, americans may be more pessimistic about the economy now than they were when the recession ended in 2009, that's a new study from rutgers university. 71% felt that the recession inserted a permanent drag on the economy versus 49% that felt that five years ago. that's despite a rising stock market and falling unemployment and subpar growth has eroded confidence. 72% say they have less savings. only 7% say they're significantly better off. tracy, back to you. >> morgan brenner with cnbc, thank you. >>> it's going to be significantly more comfortable today, as dry air takes over, the wind is blowing this morning. and you can see that wind blowing, the flag atop the aramark building in center city. right now, 74 degrees at nbc10. i believe the traffic is looking good. jillian, what's going on? >> it's looking great at the blue route. this is a live look at 76 right near route 30. no problems with drive times. as you see, looking good. things are clear on the blue route. in just a few
morgan brennan has the cnbc business news. >>> good morning, tracy. well, americans may be more pessimistic about the economy now than they were when the recession ended in 2009, that's a new study from rutgers university. 71% felt that the recession inserted a permanent drag on the economy versus 49% that felt that five years ago. that's despite a rising stock market and falling unemployment and subpar growth has eroded confidence. 72% say they have less savings. only 7% say they're...
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Aug 11, 2014
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morgan brennan has more on what's behind this massive change. >> announcing plans to combine its four businesses to become the largest energy infrastructure company in america. valued at $71 billion. it will be the second biggest energy deal in u.s. history, behind exxon's $74.5 billion purchase of mobil in 1999. the consolidation will put the energy partners and management and el paso pipeline under the kinder morgan ink umbrella, bringing together 80,000 miles of oil and gas pipeline. to do this, the company is abandoning the massive partnership structure associated with some of its businesses. putting assets into a single c corporation. >> first and foremost, i think the simplification of four entities going into one. also, you had this c corp. and three mlp's, you're going to have one entity, and i think it's going to be a great way to play the energy renaissance going-forward. >> they've become very popular in the energy sector because of their tax advantages and high dividends. richard kinder considered a pioneer, says his partnerships have gotten too big to make significant inv
morgan brennan has more on what's behind this massive change. >> announcing plans to combine its four businesses to become the largest energy infrastructure company in america. valued at $71 billion. it will be the second biggest energy deal in u.s. history, behind exxon's $74.5 billion purchase of mobil in 1999. the consolidation will put the energy partners and management and el paso pipeline under the kinder morgan ink umbrella, bringing together 80,000 miles of oil and gas pipeline....
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Aug 5, 2014
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for "nightly business report", i'm morgan brennan in saratoga springs, new york. >>> finally tonight, the people have spoken. susie is out rehabbing her foot after surgery and we asked you viewers to choose the color of her cast and you voted for pink. >> pink. >> she listed. you spoke, she listened. a woman of the people always looking stylish, pretty in pink. >> her biggest tour will be color coordinating the out fit. >> the wardrobe with the pink shoes. >> you got to do that. absolutely. >> susie will be back soon, by the way. >>> on that note, that does it for "nightly business report." i'm sue herrera in for susie. >> and i'm tyler mathisen, we'll see you tomorrow. er >> this is "bbc world news america." >> funding of this presentation is made possible by the freeman foundation, newman's own foundation, giving all profits to charity and pursuing the common good for over 30 years, kovler foundation, and union bank. >> at union bank, our relationship managers work hard to know your business. offering specialized solutions and capital to help you meet your growth objectives. we offe
for "nightly business report", i'm morgan brennan in saratoga springs, new york. >>> finally tonight, the people have spoken. susie is out rehabbing her foot after surgery and we asked you viewers to choose the color of her cast and you voted for pink. >> pink. >> she listed. you spoke, she listened. a woman of the people always looking stylish, pretty in pink. >> her biggest tour will be color coordinating the out fit. >> the wardrobe with the pink...
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Aug 21, 2014
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morgan brennan is live in williston, north dakota. we were debating on this set. this up for us. i see the giant flame behind you. a good shot. is this farmers or ranchers or both? >> it's a combo, to operate within the agricultural sector in general, actually until only the last two years, agriculture was the top industry here in north dakota and it was only just surpassed by mining which makes up oil and gas makes up the mining sector. in the last couple of years. so that's about $8.5 billion of the state's gdp versus agricultural's $7.3 billion of gdp. you've got a lot of farmers out here. where with re right now, we're on a 3,000 acre farm owned by a local farmer, tom wheeler. i'm staring, when i look out this way, i'm staring at wheatfields. when i turn around, it's a giant flare with natural gas being burned off by a local plant. >> wow, just how bad are things going to get? >> reporter: so, i'm sorry? >> just how bad are things getting out there then? >> reporter: yeah, this is definitely turning to across the balkan, ranchers and farmers and the oil and ga
morgan brennan is live in williston, north dakota. we were debating on this set. this up for us. i see the giant flame behind you. a good shot. is this farmers or ranchers or both? >> it's a combo, to operate within the agricultural sector in general, actually until only the last two years, agriculture was the top industry here in north dakota and it was only just surpassed by mining which makes up oil and gas makes up the mining sector. in the last couple of years. so that's about $8.5...
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Aug 29, 2014
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morgan brennan making waves on this story down on the jersey shore, and she'll joining us from there,♪ [ radio chatter ] ♪ [ male announcer ] andrew. rita. sandy. ♪ meet chris jackie joe. minor damage, or major disaster, when you need us most, we're there. state farm. we're a force of nature, too. ♪ we're a force of nature, too. you need to see this. show 'em the curve. ♪ do you know what this means? the greater the curvature, the bigger the difference. [sci-fi tractor beam sound] ...sucked me right in... it's beautiful. gotta admit one thing... ...can't beat the view. ♪ introducing the world's first curved ultra high definition television from samsung. where the reward was that what if tnew car smelledit card and the freedom of the open road? a card that gave you that "i'm 16 and just got my first car" feeling. presenting the buypower card from capital one. redeem earnings toward part or even all of a new chevrolet, buick, gmc or cadillac - with no limits. so every time you use it, you're not just shopping for goods. you're shopping for something great. learn more at buypowercard.com
morgan brennan making waves on this story down on the jersey shore, and she'll joining us from there,♪ [ radio chatter ] ♪ [ male announcer ] andrew. rita. sandy. ♪ meet chris jackie joe. minor damage, or major disaster, when you need us most, we're there. state farm. we're a force of nature, too. ♪ we're a force of nature, too. you need to see this. show 'em the curve. ♪ do you know what this means? the greater the curvature, the bigger the difference. [sci-fi tractor beam sound]...
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Aug 7, 2014
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morgan brennan takes a look. >> reporter: the mobile wars continue, taking an unexpected turn that could leave sprint at a disadvantage. sources confirm that the wireless carrier has abandoned the much anticipated bid for smaller rival t-mobile. the industry is expecting the two to announce a merger in a deal that would value t-mobile at $32 billion. >> this is difficult news for sprint. sprint has all but abandoned almost any plan b other than merging with t-mobile. so now they have to go back, lick their wounds and come up with an operating strategy that means more capital spending and lower prices for consumers, and those will do real damage to sprint's income statement. >> that pushed shares of sprint down by double digits. the company poured billions into a network upgrade, poor service and the loss of millions of subscribers. now the upgrades are almost finished but sprint says to better compete with verizon and at&t, it needs scale, something it hoped to get with t-mobile however regulators voiced of significa -- opposition. what about t-mobile? >> t-mobile is probably going to be
morgan brennan takes a look. >> reporter: the mobile wars continue, taking an unexpected turn that could leave sprint at a disadvantage. sources confirm that the wireless carrier has abandoned the much anticipated bid for smaller rival t-mobile. the industry is expecting the two to announce a merger in a deal that would value t-mobile at $32 billion. >> this is difficult news for sprint. sprint has all but abandoned almost any plan b other than merging with t-mobile. so now they...
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Aug 6, 2014
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for "nightly business report", i'm morgan brennan in saratoga springs, new york. >>> finally tonight, the people have spoken. susie is out rehabbing her foot after surgery and we asked you viewers to choose the color of her cast and you voted for pink. >> pink. >> she listed. you spoke, she listened. a woman of the people always looking stylish, pretty in pink. >> her biggest tour will be color coordinating the out fit. >> the wardrobe with the pink shoes. >> you got to do that. absolutely. >> susie will be back soon, by the way. >>> on that note, that does it for "nightly business report." i'm sue herrera in for susie. >> and i'm tyler mathisen, we'll see you tomorrow. >>> it was virtually every important service that you use online, but eventually offline, too, are going to get remade and designed from the bottom up with people at their center. >>> people who tour these galleries often say, "wow, i had no idea." many think computing is about scientists, engineers, and mathematicians. >> but if you've ever e-mailed, texted, shopped online or friended someone, you know computing is ab
for "nightly business report", i'm morgan brennan in saratoga springs, new york. >>> finally tonight, the people have spoken. susie is out rehabbing her foot after surgery and we asked you viewers to choose the color of her cast and you voted for pink. >> pink. >> she listed. you spoke, she listened. a woman of the people always looking stylish, pretty in pink. >> her biggest tour will be color coordinating the out fit. >> the wardrobe with the pink...
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Aug 6, 2014
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for "nightly business report", i'm morgan brennan in saratoga springs, new york. >>> finally tonight, the people have spoken. susie is out rehabbing her foot after surgery and we asked you viewers to choose the color of her cast and you voted for pink. >> pink. >> she listed. you spoke, she listened. a woman of the people always looking stylish, pretty in pink. >> her biggest tour will be color coordinating the out fit. >> the wardrobe with the pink shoes. >> you got to do that. absolutely. >> susie will be back soon, by the way. >>> on that note, that does it for "nightly business report." i'm sue herrera in for susie. >> and i'm tyler mathisen, we'll see you tomorrow. >> the following kqed production was produced in high definition. [ ♪music ] >> the dance traditions of central asia come alive every time ballet afsaneh takes the stage. >> sahar hojat: one big step that we need today in international relations would be to prioritize cultural understanding. >> when henry wessel goes for a walk, he always has his camera, and the quiet photos he's been taking are an important part of ph
for "nightly business report", i'm morgan brennan in saratoga springs, new york. >>> finally tonight, the people have spoken. susie is out rehabbing her foot after surgery and we asked you viewers to choose the color of her cast and you voted for pink. >> pink. >> she listed. you spoke, she listened. a woman of the people always looking stylish, pretty in pink. >> her biggest tour will be color coordinating the out fit. >> the wardrobe with the pink...
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Aug 28, 2014
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for that, let's turn to morgan brennan, good morning. >> good morning, scott, well the fbi is investigating hackers, reports that hackers attacking jpmorgan and four other institutions this month. private security firms have been hired to conduct a forensic review of the infected networks. jpmorgan is declining, but is often hit by cyber thieves but has multiple layers of defense to counter any threat. stocks ended near the flat line wednesday. s&p 500 eking out another record high just at the closing bell. we get data this morning on unemployment, impending home sales and second report which should show the economy rebounded the spring following the harsh winter we had. dow rising up 15 points to 17,12237 and apple has its long awaited iwatch on september 9th same day it's expected to launch i phone 6. it'll feature the health kit. live with samsung unveiled a new smart watch just today. which can make calms without needing a mobile phone nearby. certainly lit news in the smart watch category. >> there's a lot to watch there, thank you much. >>> happening now, huge waves are hammering sout
for that, let's turn to morgan brennan, good morning. >> good morning, scott, well the fbi is investigating hackers, reports that hackers attacking jpmorgan and four other institutions this month. private security firms have been hired to conduct a forensic review of the infected networks. jpmorgan is declining, but is often hit by cyber thieves but has multiple layers of defense to counter any threat. stocks ended near the flat line wednesday. s&p 500 eking out another record high...
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Aug 12, 2014
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let's get out to morgan brennan now with results from candy crush maker king digital. at happened? >> well, we're looking at the numbers right now. earnings per share 59 cents. that's in line with expectations from the street, but here's where it gets a little not so good. adjusted revenue $594 million. that's versus street expectations of $608 million. gross bookings $611 million. that's light. that's less than the $640 million that was expected. also, daily active users, 138 million. the street had been expecting 155 million. we're also light on monthly active users. looking at these numbers, also reducing outlook for the full year, and it looks like gross bookings are set to decline coming into the current quarter, q-3. one bright spot, $150 million special dividend has been announced. looking at the stock, it's trading down about 18% in the after-hours, kelly. back to you. >> all right, morgan. thank you. we want to get thoughts from lance umenoff of national, who joins us to respond. lance that active users generally, daily active users, i should say, looks well be
let's get out to morgan brennan now with results from candy crush maker king digital. at happened? >> well, we're looking at the numbers right now. earnings per share 59 cents. that's in line with expectations from the street, but here's where it gets a little not so good. adjusted revenue $594 million. that's versus street expectations of $608 million. gross bookings $611 million. that's light. that's less than the $640 million that was expected. also, daily active users, 138 million....
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Aug 1, 2014
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. >> morgan brennan has the latest on berkshire hathaway. >> thanks, melissa. we're just getting quarterly earnings from berkshire hathaway and operating earnings per class-a equivalent share, $2,634 per share, ex-items. that beat expectations of $2,482 per share. but keep in mind, only three analysts actually offer estimates for berkshire$2,634 p. and revenue, $49.76 billion. and the book share increased as well. >> thank you so much. >> and after briefly spiking yesterday -- here's guy. >> thanks for having me. >> what has changed on the ten-year data to today? >> well, perhaps the world was concerned about it a couple of days ago, but it doesn't change the long term picture. the reason, at least, the main theme within the markets, a little bit of wage inflation today may mean goods inflation down the road. but it's at least an 18 to 24-month period before that happens. >> and i'm curious about your thoughts on high-yield junk? >> well, they've really underperformed since the middle of the year. given up all their outsized gains. and there's a divergence betw
. >> morgan brennan has the latest on berkshire hathaway. >> thanks, melissa. we're just getting quarterly earnings from berkshire hathaway and operating earnings per class-a equivalent share, $2,634 per share, ex-items. that beat expectations of $2,482 per share. but keep in mind, only three analysts actually offer estimates for berkshire$2,634 p. and revenue, $49.76 billion. and the book share increased as well. >> thank you so much. >> and after briefly spiking...
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Aug 21, 2014
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morgan brennan is looking at the bakken boom and she joins us with a preview. morgan?ke a look at this natural gas flare. so much natural gas is being flared off here in the bakken that experts say it's enough to power 1 million homes per year. we'll tell you what companies are doing to try and cut down on that waste in the next few minutes. >>> if you're an avid viewer of "squawk box" last year's massive stock market gains or the quiet august rally, that's not news to you. but most americans can't say the same. a gallup survey finds only one in nine people call themselves savvy about investing. and more than a third of those polled thought the market only increased 10% in 2013. the s&p, of course, was up 32%. during that year. the survey sample audience was investors with at least $10,000 in stocks, bonds, mutual funds, or retirement programs. a full 20% of respondents thought the market was flat last year. >> hmm. 32 is good. we need three straight 30s. that's what we had in the '90s. i've been begging for that since the mid '90s. please let it happen again. >> we're
morgan brennan is looking at the bakken boom and she joins us with a preview. morgan?ke a look at this natural gas flare. so much natural gas is being flared off here in the bakken that experts say it's enough to power 1 million homes per year. we'll tell you what companies are doing to try and cut down on that waste in the next few minutes. >>> if you're an avid viewer of "squawk box" last year's massive stock market gains or the quiet august rally, that's not news to you....
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morgan brennan is here with the fallout. this hotel debuted to massive fanfare. >> it did, including on this network. >> two years ago? >> two years ago, second bankruptcy in two years, now close down. this goes back to a conversation we were just having yesterday about casino saturation, so let me give you some details on rebel. rebel revel casino says it will close after no qualified bidder emerged to buy the property. when it opened its doors two years ago, the megaresort had been expected to help usher in a new era for struggling atlantic city. instead, the casino is now in bankruptcy, but here as the bigger issue. revel is now the fourth casino to shut down this year. the atlantic club closed in january, trump plaza is closing next month and caesar's showboat will go dark. that means atlantic city will come into the fall with 25% less casinos. a lot of this is thanks to falling gaming revenues. as statesnearby states are now competitors with casinos of their own. what's more, between revel, showboat and trump plaza, mor
morgan brennan is here with the fallout. this hotel debuted to massive fanfare. >> it did, including on this network. >> two years ago? >> two years ago, second bankruptcy in two years, now close down. this goes back to a conversation we were just having yesterday about casino saturation, so let me give you some details on rebel. rebel revel casino says it will close after no qualified bidder emerged to buy the property. when it opened its doors two years ago, the megaresort...
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Aug 29, 2014
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our morgan brennan will be ready to hit the surf later this hour. wetsuit and all.e'll talk about some of the business behind the boards with her. just a little bit. >> why did we pick lbi? we already have a crew there? >> we have a crew there. >> executive producers -- yeah, we basicly have a bureau there. yeah. all right, global hot spots dominating the headlines this morning. president obama, michelle maybe raised a few eyebrows with you, if you have any questions about syria, possible air strikes where isis is strong, here's what he said. >> i don't want to put the cart before the horse. we don't have a strategy yet. i think what i've seen in some of the news reports suggests that folks are getting a little further ahead of where we're at than we currently are. >> all right. earlier in the show michelle our chief international correspondent michelle caruso-cabrera joins us this morning. i won't talk about the suit, because it -- the last time i remember us focusing on all this frivolous stuff was before 9/11, it was chandra levy, suddenly we got really really fo
our morgan brennan will be ready to hit the surf later this hour. wetsuit and all.e'll talk about some of the business behind the boards with her. just a little bit. >> why did we pick lbi? we already have a crew there? >> we have a crew there. >> executive producers -- yeah, we basicly have a bureau there. yeah. all right, global hot spots dominating the headlines this morning. president obama, michelle maybe raised a few eyebrows with you, if you have any questions about...
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Aug 8, 2014
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morgan brennan is following the movers there for us. >> making gains with the nasdaq composite since the last time we spoke. we're looking at 0.6% increase, 28 points, it's now trading at 4363. so definitely moving up, and actually making back the losses we have seen for the week, the nasdaq is set to close in positive territory for the week, so that's a big change just from the last half hour. i want to poibt out one of the most buzzed-about names here that traders are talking about. that's tekmira. the mark capital is less than $400 million, but this is a company with potential treatment for ebola that fda modified their hold on. it's up nearly 40%, about 38 is% last time i checked. want to move on to the internet stocks. it's been a mixed bag. amazon and google both up, though modestly today, but momentum names have been coming off. we're seeing a rotation there, yelp, groupon, netflix, also facebook down. i spoke to a stock strategist. he says we've been seeing moves into larger-cap companies as a safe haven play. he expects now that these markets are coming back, we'll see them
morgan brennan is following the movers there for us. >> making gains with the nasdaq composite since the last time we spoke. we're looking at 0.6% increase, 28 points, it's now trading at 4363. so definitely moving up, and actually making back the losses we have seen for the week, the nasdaq is set to close in positive territory for the week, so that's a big change just from the last half hour. i want to poibt out one of the most buzzed-about names here that traders are talking about....
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i'm morgan brennan. check on you nuskin, the stock plummeting as it reported a 73% drop in second quarter profit. this as costs jumped and sales in china, which is the biggest market, fell 12%. that stock is currently trading down just about 22%. herbalife is also following that stock. down just over 1.5%. >>> time for the power pitch. you see them, these beautiful flowers, they're lovely. interest preneuros get 60 seconds to make their pitch, and then you get to vote if you are in or out. get ready a gone to cnbc.c cnbc.com/flashvote now. power pitch time. >>> i'm mandy drury. in a moment's time we'll be watching today's power pitch. get out your phones and log-on to cnbc.com/vote and give this an a, b, c, d or f. get ready now. this today's pitch. >>> well got tired of seeing the came cookie cutter design and insane prizes, having to pay they junk service fees. at the end of the day we wented up with something that delivered in the box and looked nothing like we saw on the internet. >> we created bloom
i'm morgan brennan. check on you nuskin, the stock plummeting as it reported a 73% drop in second quarter profit. this as costs jumped and sales in china, which is the biggest market, fell 12%. that stock is currently trading down just about 22%. herbalife is also following that stock. down just over 1.5%. >>> time for the power pitch. you see them, these beautiful flowers, they're lovely. interest preneuros get 60 seconds to make their pitch, and then you get to vote if you are in or...
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Aug 6, 2014
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jack in the box jumping in the after hours session, morgan brennan. >> thanks, melissa. jack in the box is moving faster in after hours, better tan expected third quarter results. same store sales up slightly better tan anticipated. it's the cordoba chain the standout with sales, they're rising 7%. nearly twice the forecast. we're seeing the stock up more than % in the after hours. i will mention they also just announced they are coming out with their version of the kronut, starting tomorrow a croissant and donut. >> thank goodness. i have been waiting for somebody to come out with a kronut. thank you. guy adami. you looic this stock. free kronut. >> i hear. extra chigen no beans. >> i never had a kronut. q-doba. morgan said they're under appreciated in the cordoba brand, i'm surprised it's doctor 59 bucks. its dragged down mcdonald's is dragging down a lot of these names i think it should be forth of 60. valuation is stretched. >> jack in the box into kronuts. competition for duncan do nuts. >> i think it stand out, what have we seen time and time again? >> chipotle. >>
jack in the box jumping in the after hours session, morgan brennan. >> thanks, melissa. jack in the box is moving faster in after hours, better tan expected third quarter results. same store sales up slightly better tan anticipated. it's the cordoba chain the standout with sales, they're rising 7%. nearly twice the forecast. we're seeing the stock up more than % in the after hours. i will mention they also just announced they are coming out with their version of the kronut, starting...