without visio, they do not have the brand presence. no matter how cheap they price their products, recently don't have demand. ramy: what happened? isina: the company said it because of regulatory reasons and it is true the chinese government has been curving outflows and trying to control capital, leaving the country, but sources tell me some of this figuredeeze might have into this. they are struggling to raise funds, have enough cash to even pay their employees, so it seems clear that this 2 billion-dollar acquisition probably is something that would be quite a squeeze for them, so regulations are probably a part of it, but there is also the problem of cash that plays into this as well. ramy: if you cannot pay your own employees -- selina: right. ramy: selina wang, always good to speak with you. first word news with nina melendez. nina: janet yellen says the u.s. economy is "pretty healthy." reviewing the bank strategy, she said the fed was close to its objectives and must sustain the progress made so far. she said policymakers woul

tv $2er visio for about billion.at was going to be part of the attempts to grow the plant -- the brand. in terms of brand recognition, it is pretty weak. it speaks to the cash crunch problems faced by the company. the ceo said in a letter -- it seems their business is getting worse. haidi: this was once the rising star for the chinese tech scene. where does the company go from here he? -- from here? investmenthey got an of around two point 2 billion u.s. dollars from a real estate company here in january, but that goes into the listed part of their business. it can't be spent on the north american operations or the car part of the operation. we have been speaking to sources in the company this morning.they tell us they are looking at a restructuring of the north american business. part of that will be focused on the partnership they have with at&t. we have been told it may be announced in the second half of this year that they will become the exclusive provider of smart phones for at&t. told. what we are being they a

tv make it visio -- maker visio.held up by tighter controls by china on currency outflows. as that action fails, another sign of global expansion plans. they have admitted the company is struggling to raise cash. yousef: egyptian consumer prices are showing glimpses of stability. in march, inflation accelerated at its lowest in five months. the shock from the pounds flotation back in november, how is this exactly been absorbed and what does the road ahead look like? let's bring brack -- back the head of credit research. egyptian data was largely positive in the last two months. you have the latest setback in terms of the attack on a church. is that going to slow down the pace of economic reforms, which has really been fundamental to this recovery story? apostolos: i do not believe this can slow down the economic reform. of similara series -- it has parted to be improving for the rates we have seen already and the currency improvement, following etc.. when it comes to the government, it is obviously in the near term,

they have pushed through to buy visio for $2 billion.s part of their attempt to grow the brand and get a foothold on the american market. in terms of brand recognition it is pretty weak. it speaks to the cash crunch problems. in a letter to the employees, it seems the situation is getting worse for u.s. business. heatllionaire patrick draw exploitck hoping to stock market gains to create currency for further expansion. why now, and what can they do with this money? >> they are a cable company formed through acquisitions, two smaller cable companies. with this ipo they can raise money for other deals in the cable space. i do not think many people are thinking they would stop at acquiring cablevision suddenly. one they have expressed interest is cox communications. cox has repeatedly said it was not for sale. but that is one big target for alstice. off by 3% aslines, a video of united airlines personnel dragging a passenger off and overbooked plane went viral. walk me through the real issue for united, besides pr. >> all the u.s. full-serv

. ♪ caroline: now a story we are watching, a proposed merger visio.co and reportsust last week of of a continuing cash crunch was worsening. turning now to a rally that has exceeded every industry, semiconductors. an unprecedented flood of mergers has helped fuel the rally. you were crunching the numbers. this is a phenomenal outperformance. is it vindicated? the number say that is it. this is the np we should be taking money off the table. when we started speaking to investors, they believe there is more room to run. they believe with the markets these days, that can happen. caroline: earnings can be driven higher. it seems to be cars that are the player for chips going forward. >> everyone is excited about that one. it is the immediate one that people can connect with ec is. year compareds a to one billion smartphones, so does it make sense? has thelly this potential to have a big impact. caroline: more value. fundamental drivers, the internet of things. we were talking about how at&t is plowing money into 5g. >> the phrase everybody uses is interne

tv maker visio for $2 billion.deal was going to be part of their attempts to grow a brand and get a foothold in the u.s. market. in terms of brand recognition, it is pretty weak. it speaks to the cash crunch problems facing the country knee -- company, articulated in a letter by the ceo to the employees. it seems the situation is getting worse for u.s. business. >> billionaire patrick drahi filing for an ipo of its u.s. cable tv businesses. they are hoping to exploit stock market gains to create currency for further expansion. why now, and what can they do with this money? altice is a is a -- cable company in the u.s., formed through acquisitions, two smaller cable companies. with this ipo they can raise money for other deals in the cable space. i do not think many people are thinking they would stop at acquiring cablevision suddenly. one company they have expressed interest in is cox communications. cox has repeatedly said it was not for sale. but that is one big target for altice. >> united airlines, off by 3% as

. >> china's tech conglomerate forced to drop its $2 billion acquisition of visio.cing some challenges there. i'm talking about the u.s., naturally. part of that is the sales picture looking distinctly murky. >> absolutely, it is a pretty grim picture for the ford echo in the u.s. the chinese conglomerate does everything from smartphones to video streaming to electric cars. they set themselves a target of $100 million in u.s. dollars in revenue by the end of 2016. the got $15 million. as a result, they are cutting jobs by about a third. they are pulling the plug on this deal. they have tried to push through .s. tv makerd buy u vizio for $2 billion. it was part of their attempt to grow the brand and get a foothold on the american market. in terms of brand recognition, it is pretty weak. it really speaks to the cash crunch problems. those were articulated by the billionaire founder last year in a letter to his employees. it seems the situation is getting worse for their u.s. business. >> billionaire patrick drahi altice is hoping to exploit stock market gains to creat

chinese text conglomerate -- text conglomerate has been forced to drop its $2 billion acquisition of visio latest setback to the global expansion plans. it is facing some huge challenges. i am talking about the u.s. and the plot of that is the sales pitch, looking distinctly murky. >> absolutely, it is a pretty grim picture for the ford echo in the u.s. we are talking about the chinese conglomerate that does everything from smartphones to video streaming to electric cars. they set themselves the target of $100 million in u.s. revenue by the end of 2016, they got $15 million. as a result, they are cutting jobs by about a third. they are pulling the plug on this deal. they have tried to push through to buy u.s. tv maker vizio for $2 billion. that deal was really going to be part of their attempt to grow the brand and get a real foothold in the u.s. market because in terms of brand recognition, it is still pretty weak. it really speaks to the cash crunch problems facing the company, articulated by the billionaire founder last year in a letter to his employees. it seems the situation is actual

. >> the visio, maria, maria. thanks for having me. maria: some of his valuations stories.ive us your characterization of what you're expecting in terms of the earnings season and how that impact the stock market. >> we have kind of a less than sanguine view on earnings. earnings come in a little lighter than expectations. companies have been slashing estimates that they gave in december. they are coming down pretty hard. we are worried about topline growth. first-quarter economy tracking sub 1%. valuations are a little high. earnings disappointment that could have a little turbulence. maria: wow, revenue is an issue according to mark. earnings will be up almost 10% of the first quarter. >> 10% for the whole year. how much in this market weakness that you see is related to the fact nothing has come out of washington at that is progrowth? >> well, the expert patients for the trump trifecta as it has been called a regulatory reform, tax reform and fiscal spending. those hopes were very, very high coming out of the election and into january. hope is not an investment strategy