|Bid||0.00 x 1200|
|Ask||0.00 x 1000|
|Day's Range||31.50 - 31.92|
|52 Week Range||31.17 - 39.80|
|PE Ratio (TTM)||6.39|
|Earnings Date||Jul 24, 2018|
|Forward Dividend & Yield||2.00 (6.13%)|
|1y Target Est||37.02|
Friday, July 13: Senators widely expect Trump SCOTUS nominee Brett Kavanaugh to be pro-guns; DOJ is appealing the approval of the AT&T-Time Warner merger; McDonalds and other chains agree to kill off “no-poaching” jobs rules. Yahoo Finance’s Dan Roberts ushers you into the weekend.
The chance of the DOJ winning its appeal may be slim, unless the government can prove one very important point: that U.S. District Court Judge Richard Leon was wrong in his application of the law to AT&T's acquisition of Time Warner.
The DOJ has a chance to win its appeal if it can convince the D.C. Circuit Court of Appeals that U.S. District Court Judge Richard Leon was wrong in his application of the law to AT&T's acquisition of Time Warner. Comcast's pursuit of Fox and other future vertical integration deals would be affected if the DOJ wins its appeal. The Department of Justice has not given up : It's still trying to block AT&T T 's acquisition of Time Warner (now named Warner Media).
Verizon, AT&T, Sprint and T-Mobile all say they have unlimited data plans, but there's fine print you need to know about. Spoiler: there's no such thing as unlimited 4G LTE data.
Verizon, AT&T, Sprint and T-Mobile all say they have unlimited data plans, but there's fine print you need to know about. There's a cap on your high speed data, no matter what plan you pay for. Verizon VZ , AT&T T , T-Mobile TMUS and Sprint S all offer "unlimited" data plans that suggest you can use as much high-speed data as you want each month.
The news last Thursday that the Department of Justice had decided to appeal the June 12 decision to allow AT&T (T) to merge with Time Warner sent AT&T shares skidding some 1.7% on Friday. Unless something dramatic changes, this appeal of an embarrassing defeat for the DOJ looks more like political posturing than an existential threat. For one thing, the DOJ has said nothing about what it will argue in its appeal.
AT&T Inc. Chief Executive Randall Stephenson said his company won’t alter its plans for running Time Warner’s media assets despite a Justice Department appeal of the court decision that allowed the transaction. “We think the likelihood of this thing being reversed or overturned is really remote,” Mr. Stephenson told CNBC Friday in an interview at Allen & Co.’s annual Sun Valley, Idaho, media conference.
Americans’ cellphone bills ticked up 0.3% last month, the first such increase since July 2016 as a yearslong promotion craze from wireless service providers is starting to peter out.
The Justice Department wants to keep fighting AT&T’s merger with Time Warner, and maybe it feels it must save face after the singeing rebuke by federal Judge Richard Leon last month. Because the vertical merger combines two businesses that don’t directly compete, the government must prove the deal would harm consumers and reduce competition. AT&T argued that marrying content with targeted advertising would help it compete with vertically integrated tech giants like Google and Facebook, which gobble up 60% of digital ad revenues.
Shares of WWE stock continued its historic run on Friday, trading as much as 6% higher after Morgan Stanley (MS) raised its price target for the firm to $100 from $58.
Shares of AT&T fell 1.7 percent to close at $31.67 on Friday after U.S. officials signaled they would appeal a federal judge's approval last month of the $85.4 billion deal. Speaking on CNBC, Stephenson said the original court decision was well reasoned. The merger, first announced in October 2016, was opposed by U.S. President Donald Trump.
WHERE: CNBC’ s“ Squawk Box”– Live from the Sun Valley Conference in Sun Valley, Idaho. The following is the unofficial transcript of a CNBC interview with AT&T CEO Randall Stephenson and CNBC’ s Julia ...
The news on Thursday afternoon that the Department of Justice had decided to appeal the June 12 decision to allow AT&T to merge with Time Warner sent AT&T shares skidding some 1.4% in late trading, and another 2% by midday Friday. The possibility that the government would suddenly reverse an $85 billion merger that had long been stalled by litigation, was both head-scratching and a little shocking. But investors shouldn’t sweat this one too much—and not just because AT&T (T) CEO Randall Stephenson said not to worry. Unless something dramatic changes, this appeal of an embarrassing defeat for the DOJ looks more like political posturing than an existential threat.
AT&T T CEO Randall Stephenson isn't changing his strategy with Time Warner after news that the U.S. government plans to appeal approval of the telecom giant's $85.4 billion merger with the media company. It's a very narrow path that would have to be traveled to get this thing reversed in any way," Randall Stephenson told CNBC's Julia Boorstin on Friday. Stephenson took to CNBC's airwaves Friday morning , a day after the Department of Justice announced it planned to appeal a judge's decision in June allowing the blockbuster merger with Time Warner.
AT&T CEO Randall Stephenson took to the airwaves Friday morning, a day after the Department of Justice announced it planned to appeal a judge's decision in June allowing the blockbuster merger with Time Warner.
Judge Kavanaugh has opposed government efforts to block mergers and with his nomination he will stop hearing cases on the U.S. Court of Appeals for the D.C. Circuit, where the appeal will be heard. In the two most prominent merger appeals over the last 10 years, when Anthem was trying to merge with Cigna and when Whole Foods sought to buy Wild Oats, Judge Kavanaugh ruled against the government’s case to block the deals.
Kavanaugh's First Amendment argument against net neutrality could be applied to data more broadly, potentially making regulation more difficult if he were approved.
Kavanaugh's First Amendment argument against net neutrality could be applied to data more broadly, potentially making regulation more difficult if he were approved. In opposition to net neutrality, he said that internet service providers have a First Amendment right to exercise editorial control.
Here are some things going on today in the world of tech: Two more analysts have downgraded Broadcom (AVGO) on its proposed acquisition of CA (CA), sending the stock down $2.18, or 1%, to $207.80. One persistent worry for GPUs has been the ebbs and flows of the cryptocurrency market, but "gamer demand also appears relatively muted,” writes Peterson.
Raymond James downgraded its outlook on AT&T to neutral from a buy, saying the DOJ's appeal is "a negative catalyst for the stock. The appeal process will take at least six months, the firm noted. "The downgrade’s just a reflection that the stock is probably going to go sideways" during that time, Raymond James analyst Frank Louthan said on "Squawk Box" on Friday.