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AT&T could buy Time Warner this weekend: WSJ

Stocks (^DJI, ^GSPC, ^IXIC) are mixed at the midday mark, with consumer staples (XLP) and consumer discretionary (XLY) the most in the green, and energy (XLE) the most in the red. Keith Bliss of Cuttone & Co. joins us live from the New York Stock Exchange.

To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance editor-in-chief Andy Serwer and Yahoo Finance’s Nicole Sinclair.

AT&T deal with Time Warner could happen this weekend: WSJ

Wall Street is buzzing about the possibility of AT&T buying Time Warner. The Wall Street Journal is reporting a deal could happen this weekend. This follows a Bloomberg story saying the two companies have discussed various business strategies, including a merger. Shares of Time Warner are up about 9% today, while AT&T shares are lower. A deal would would combine AT&T’s wireless, broadband and satellite businesses with Time Warner properties including CNN, HBO and Warner Brothers studios.

Goldman Sachs turns to Spotify, Snapchat to lure talent

The Big Banks proved they can still turn a profit this earnings season, but they’re facing another problem: the war for talent. Goldman Sachs was used to getting the cream of the crop at top universities, but the tech boom has increasingly lured talent with promises of fat paychecks and healthy stock options. Not to be left behind, Goldman is turning to tech itself. It recently launched an ad campaign on Spotify, which it owns a piece of, and has also used Twitter, LinkedIn and Snapchat to reach the next generation of i-bankers and bond traders.

Marijuana legalization on ballots in nine states

Tired of endless stories about Donald Trump and Hillary Clinton? Let’s discuss a totally different 2016 election topic: marijuana. Nine states in blue and light blue have marijuana initiatives on the ballot. Some states, such as California and Massachusetts, are voting on recreational use while others, such as Florida and Montana, are looking to make medical marijuana legal to one degree or another. And despite the moves by many states to legalize pot, it remains illegal under federal law.