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Sprint, Dish Continue Battle for Clearwire

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  • Description

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  • Duration 4:57
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This is this Imus in the morning.

On the bond.

Ignoring everyone this network has made a bid for Clearwire court setting the stage for a takeover battle with Sprint Nextel.

Shares of Clearwire up more than 8% already in the premarket after dish -- three dollars and thirty cents a share for the wireless service provider.

That -- Sprint's offer of two dollars 97 cents before the news broke fox business' list claimants spoke to dish CEO Joseph Clayton.

At the Consumer Electronics Show on Las Vegas about how wireless communication.

Is a growing focus for the company take -- listen.

Once again you follow what the consumers doing in -- moving to wireless and we want to offer wireless voice video and sell.

That's not our plan how about at DirecTV merger is that gonna happen -- utter joke there's a lot of speculation you'll have to ask the pundits.

This is already spent three billion dollars acquiring mobile spectrum as it works enter the mobile broadband market.

Sprint says -- offer for Clearwire is inferior to -- -- and not viable.

Shares of Alcoa meanwhile are higher in the premarket after that company reported a stronger than expected five point nine billion dollars.

In fourth quarter revenue to kick off earning season.

Analysts were expecting five point six billion the aluminum maker also reported an adjusted profit of six cents a share which matched the estimate.

Alcoa says its results were driven in part by its continued cost cutting efforts the company says it's now projecting global aluminum demand will -- 7% this year.

Thanks to demand in the aerospace and commercial transportation sectors.

Checking the markets now here in the US -- -- have been searching for direction this morning we have Dow futures now eleven yes and these flat in the nasdaq's down one.

In Europe banks and mining shares are getting a lift from that Alcoa outlook.

Stocks there in the green across the board -- London up 23 Paris is up about one and Frankfurt's up almost three.

Let's take a closer look at what's moving those markets Jane Foley senior currency strategist.

At rabobank in London that Jane that the sum of Britain's biggest companies have signed an open letter.

Saying Britain's changing relationship with the EU could create damaging uncertainty and put off investment in the UK now this comes.

As a prime minister prepares to make a major speech about Britain's future.

In the European Union and conservatives pushed from Britain to slim down its EU membership so what's your take on the debate.

But of course this is debate -- -- -- -- for the next few years now the US and Britain.

-- in the EU as a cool Scott has cut courses from the Euro -- And they -- a negotiated some music but the EU doesn't hinge -- -- and of course at the other member states and of the EU.

An area such as -- -- -- and manages I'll shopkeepers can use of such enough fisheries except check.

And then some animosity to these rules being -- stabbed.

Over and above the rules that way here and before that -- at -- the second imagine seeing that perhaps that Europe is is is -- -- -- too much.

And as an inevitable push back an abacus it could take several and he is at before there is referendum if there is a referendum on this issue.

-- -- -- -- speech will be interesting to see how flop back at the be the prime into the government want to push the EU.

On what options are on the table at this point four Britain in terms of trying to renegotiate that relationship.

But again even that -- is very difficult to wants to some people say well it's not really up for Britain to back at to renegotiate where they stand -- we've got to really continues consider it.

The other member states and and that position to a critical of prime minister it is -- on and on Sunday that it is up but when Hillary is up for discussion.

As -- again he he may.

-- -- -- -- -- cause if you tonight but this doesn't necessarily mean to say that -- these will be excepted of course at by the other members of -- particular coast as Germany and France has been in the world dominance were amazed how many countries have been assistance at.

Another negotiation a lot of uncertainty apnea and again this is a topic of debate which would run.

I don't time yet.

Negotiations that uncertain days sounds familiar Jane 5%.

That's Jane Foley at rabobank in London -- great having on day and thank.

Thank you.

And AIG's board meets later this morning to decide whether to join or try to block as shareholder lawsuit against the government over 182 billion dollar bail -- Former AIG chief executive Hank Greenberg who still a major investor in the company.

Filed a lawsuit -- 111 on behalf of fellow shareholders it accuses the government of failing to provide shareholders just compensation.

When it took -- nearly 80% stake in AIG as part of a 2008 company rescue.

The board expects to have a decision by the end of the month.

Here's a look at commodities now oil involved are in the red across the board gold has turned things around in the past few minutes down by about eighty cents at sixty and 61 announced.

Well -- about fifteen cents at 93 dollars a barrel.

Coming up this hour Imus is guessed B New York Times best selling author Deirdre Imus and Fox News legal analyst.

Police will for blonde on blonde and now -- via I'm and live on Fox Business.

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