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FBN’s Charlie Gasparino with the latest news on a potential bid for Knight Capital.
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And pulling out his hair -- and it -- ten area what I articulate -- I I like Juan Williams a lot Aaron has -- here's here's the thing that he he didn't answer a lot of people don't answer that support the president why why you have to raise taxes.
It is purely a political intent to do there is no rationality right now to raise taxes if you have -- point 7% GDP growth.
And he got a lot of other economic numbers that are mixed at best it doesn't make any sense -- clearly.
If you wanna do a good tax reform deal we cut and cut the extent to -- the deduction reduction means that -- you basically get your hands around.
Somebody entitlements I can understand that but why you you raise taxes on.
Let's -- -- -- 250000 dollars a year your family for five in New York -- billionaire.
Why a small businessman.
Who makes 250000.
Dollars a year maybe employees ten people.
Why that person is treated like warm does nothing to close the gap does nothing don't want -- -- -- -- -- -- even if you could they below that would let her do it hurts you know more than it helps you.
And no one's asking answer is asking the question -- in this and he answers.
If he answers obviously you'll say -- class warfare at its quantitative way it does nothing to close the gap may never Iowans it's totally dog to get it so dumb to do it now from an economic standpoint so now let's talk about the stock how I got better to go back hello they're not getting better eleven hysterical -- here who we are.
Did negotiations it's kind of interest -- where they had a board meeting last night we put that out on foxbusiness.com.
-- basically kicked the can't understand well.
-- -- over -- they meaning night's board and its bankers at Sandler O'Neill told her to.
And get go basically go back.
Do -- due diligence there we go Tom Joyce thanks it's pretty pretty -- -- is correct.
Used to be a football player by the way have you played football vessel for Harvard.
Go back to drawing board do your due diligence lineup bank financing I think I think virtuous about five or six bankers.
Lined up for its its bid we got a little more detail on it's been argued that a second and get go to go back and -- -- -- I heard Gekko into -- sort of corral banks.
Unexpected goes -- is a 350 did half cash half stock.
Purchase bid is all stock from -- -- stand it's between three dollars.
And three dollars and twenty cents that's the most detail anybody's really got on -- bid so it's not from what I understand it's not above 320 but it is an all cash bid.
The agency thing they say this process that the do now due diligence.
Bankers getting together with the people close this -- it on the fox was that -- it's likely to last about a week so this -- and the story is not going away at least tonight -- there was some indication BB they might have something tomorrow.
-- is today excuse me after the bell.
You know it doesn't maybe -- have some update but I I don't.
Based on what that conversation I just had I don't think they are they're they're ready to call I think influential player in the overall market night is.
Hasn't been.
Night these are -- this deal so closely by the standard -- ate tonight is as I've said a hundred times the leading market maker -- you know out there it -- it -- provides retail.
If you're if you're if you trade -- TD Ameritrade right you have a brokerage account.
Knight plays a role in your trades from mining yes yes well that's currently believe you know he's learn something.
Charlie Gasparino and thank you so much had a great weekend -- what share of taxes is fair surprising new report on the amount of taxes the top 5% of Americans hate.
In -- -- are up about 30% on average nationwide the last five years up paying.
Even more big news talk of raising the gas -- to avoid the fiscal.
