U.S. Morning Call: Eyeing housing data for recovery clues
Monday, March 25, 2013 - 03:36
Mar 26 - Standard & Poor's releases its S&P Case/Shiller Home Price Index for January; Economists expect a 0.9 percent rise.
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Here's -- morning call for Tuesday we're Kenya not housing this morning with S&P case Shiller home price index due out at 9 AM. Economists are looking for home prices to rise yet again in January we'll have more on that when we talked housing grew Robert Schiller later today. Taking a look at the recent housing recovery the National Association of Realtors says big investors are paying -- heat playing -- part and it. Accounted for about a third of current home purchases. Among those big investors is Blackstone Group which according to the Wall Street Journal has been buying 100 million bucks worth of single family homes a week since early last year. Spitting -- totaled 3.5 billion today. New home sales data also out today it likely to slow show a slight pull back in February after a spike in sales the prior month. And we're expecting durable goods figures an -- consumer confidence later this morning ahead of all the static US stock futures putting to higher start for Wall Street. Now for -- exclusive. Web TV giant Hulu looking for potential sale. Sources tell Reuters that whose board has approached investors to gauge their interest in buying the company. One name being -- is investment firm Guggenheim according to the Wall Street Journal. Another option could be used court at Walt Disney both mistakes and Hulu with one potentially buying the other out. This is not the first time who has looked for a sell it at first considered going public in 2010. So what's that an analyst with -- -- securities is finding a buyer will be difficult because who has contracts and networks are short term. Which means there's no certainty when it comes to future costs. Three million subscribers pay for the premium Hulu plus service. But that's just a drop in the bucket compared to Netflix which has nearly 33 million members and offers a wider range of programming. An alliance is brewing for control of del -- I kind of Blackstone Group now talks to team up in the battle for the PC maker. Icon who owns eight billion dollar stake in Dell saying both his and Blackstone offers -- the company's largest investors what they want the most. To hold on to publicly traded shares of Dell. Both sides have made -- it could be superior to offer on the table from Michael Dell but he gets the chance to submit a final bit. If I kind of Blackstone submit a higher offer together the founder and his cohorts overly partners we'll have to counter with a pretty big that it. Investors may be banking on that exact scenario. Does shares closed up over two and a half percent in the last session. In our stocks to watch keep and I KKR. The US investment firms selling Japanese -- staffing agency intelligence holdings to ten holdings. For 720 million bucks that's almost double what the PE firm initially paid for the agency three years ago. And keep your eye on the sky to Boeing 787 taking it to our test flight yesterday aimed at showing the plains new lithium ion battery system -- safety standards. The testing as a key step ending the worldwide grounding of the dreamliner. If proven successful -- -- -- second flight for gathering data to be submitted to the F payday. That's -- -- Tuesday morning cough follow us on Twitter at Reuters Insider get more awareness videos at letters dot com slash latest TV. I'm Lisa Bernhard this is.
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