do we know what thomson reuters? plans to do with the proceeds ?reuters, ever since the financial crisis, has been losing market share. bloomberg is one of their main competitors. but because of that, it has been looking at different ways to consolidate their delivery. they're looking at saving money in certain areas and making sure they can put money back into the company to help it, then ultimately expand. at the moment, the company is a process of trying to reestablish its market shares. after losing a lot of them. scarlet: investors seem to like that deal, we see shares climbing and trading right now. what are you hearing? what kind of commentary have analysts provided? pamela: we are seeing on x shares higher, they do trades in canada. and also in the united states. we are seeing their shares up as well. look and analyst reports, scott chen saying he thinks that with a paid is a little bit rich, particularly for our next, multiples on the sealer higher than you normally see. however, from thomson reuters investor side of you, it has been respo

bloomberg news competes with thomson reuters. is hosting starbucks the pay for all u.s.mployees managers by at least 5%. two employees of have been with starbucks who have been with starbucks for 15 years. and that is your business flash. let's head to the markets desk where matt miller has the latest on movers. >> movers, analyst calls, and companies that mean a lot to me. i'm going to kick it off with gamestop, bank of america saying there are a number of drivers -- unexpected drivers to traffic and eps growth for this video game sales company and the shares are up three and a half percent. a big move on the bank of america up rate and i am hoping we can get over there afterwards and pick up some new games since bank of america reminded me of it. , soter cut by suntrust twitter getting a couple of big cuts today, chairs at 17-57. i get excited whenever i hear about the apple iphone seven. apparently, intel gets excited about the iphone seven as well. intel's new modem design is so good that it can be cut out completely from the iphone seven. what is a modem? vonnie: i

for stocks as all major indices seeing major baines although at the start of earnings season, thomson reuters predicting second-quarter earnings per share will decline, yes, again, 4.7% from a year ago. here to weigh in charles payne, steven rosilio and chris versace. charles, first to you, we have what people are still calling a earnings recession. how do you square the two? >> quite a few things. this still might end up being the sixth best earnings period in history and strong dollar and people talk about flight to safety and quality. last guest with liz, was absolutely amazing. if you think this is bubble, market, led by utility. i have never seen -- david: is that that search for yields is that what that is all about. >> not just search for yield but s&p utilities up 20%. that is mind-boggling. continue to invest in large great american companies or not so great. arm holdings, softbank paid 7% premium from the "brexit" low. that is uk stock that got crushed. why? because they believe it will be great, 10, 20, 30 years from now. david: chris, let's weave in politics. people are talking ab

he is an investigative journalist with many awards under his belt with thomson reuters. take it away. >> on a note, c-span is here so please use the microphone that .ill go around as jessica mentioned, open records are important for journalists, but it is an underutilized tool. it can often take months or even years to get records, data, or documents. as i was saying it was a largely underutilized tool because it is so difficult, requested language for months and even years. they often aren't in the format you asked for. something i experienced a few days ago with a federal agency. we are going to talk about specific horse stories we all experienced in dealing with certain agencies, but also more withal strategies successful open records requests. lead toake time, it can some amazing stories. let me introduce our panelists going from right to left. we have an investigative reporter focusing on data with the new york times.

where he is an investigative journalist with many awards under his belt with thomson reuters. take it away. >> on a note, c-span is here so please use the microphone that will go around. as jessica mentioned, open records are important for journalists, but it is an underutilized tool. it is so difficult to get records out of the government. it can often take months or even years to get records, data, or documents. >> pulled the mic closer. better? t no problem. as i was saying it was a largely underutilized tool because it is so difficult, requested language for months and even years. they often aren't in the format you asked for. something i experienced a few days ago with a federal agency. we are going to talk about specific horror stories we all experienced in dealing with certain agencies, but also more general strategies with successfully filing an open records request. it can take time, it can lead to some amazing stories. let me introduce our panelists going from right to left. we have an investigative reporter focusing on data with the new york times. tom robbins, lege

thomson reuters say it will likely fall 7% second quarter from a year ago.will be the fourth straight quarter of declines. >> i'm not sure. >> we have marc lasry here. >> and he's staying. >> we didn't say he's staying. the question i want to ask you, talking about bank of america just a little bit, now call you a private equity fund more than a hedge fund. dare i ask about markets in the u.s. which have been on a tear over the past weeks. does that make any sense to you and are you doing anything about it? >> no, doesn't really make that much sense. they are setting new records and ended up having something that just the fourth consecutive decline. i think everybody is a big surprise yet the market is going to tell us what's happening next year, supposed to be a little in advance. so for us i think that's all good simply because if you're a debt player you want the markets to be doing well. >> leading economic indicator. >> it is. >> do you say to your self, okay, maybe things are better than we thought they are or this is crazy, things will come down again

he's investigative panelist at many awards under his belt, thomson reuters and without further ado, takeaway. >> is like to thank anyone for coming in a quick logistical note, c-span is here so when we start the q&a session, please use the microphone that will go around so the cameras will pick it up. as jessica mentioned, open records are very important for journalists, but the largely underutilized tool. it is so difficult to get records that the government. it can take months or years to get records, data or documents. [inaudible] that better? no problem. as i was saying, and underutilized tool among journalists because it is so difficult to use successfully. requests languish before documents are released and when they are released, they often aren't in the format and may not be responsive. the request is sent and experienced a few years ago with the federal agency. we are going to talk about specific stories we've all experienced in dealing with her agencies, but also more general strategies for successfully buying an open record. how to get the consent of the government can take ti