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U.S. Morning Call: YouTube pay-for-play on the horizon

Monday, May 06, 2013 - 03:27

May 6 - Google's Youtube may introduce its rumored subscription service for channels - possibly as soon as this week.

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Morning call for Monday US stock futures point to higher -- After the S&P and Dow hit all time closing highs on Friday the S&P is up more than 13% so far this year. Gold also holding it's gains at 1474. Now it's up for a second straight week. A bunch of stocks to watch this morning starting with Amazon the company launched an App Store in China this weekend -- go to the punch. China is the world's largest mobile market and currently Amazon is the only western company in the region to offer a platform prepaid android apps. Shares of them is on trading near 258 dollars in the premarket. Speaking of Google YouTube may introduce its rumored subscription service for channels possibly as soon as this week. The Financial Times reporting today that as many as fifty channels could be available each starting at 199 per month. Analysts expect YouTube's ad revenue to go up significantly as it could attract professional TV networks through this model. Shares of Google trading near their all time high of 846. Dollars in the premarket. Also worth noting -- released its list of top 500 stocks this weekend. And guess who made number one spot none other than apple terrific sales growth and widely deployed cash leading the company to the top spot. Shares getting a slight bump in the premarket. Number 500 on that list JC Penney shares closed at seventeen dollars on Friday. Now -- Reuters exclusive deal to buy out BMC software could come as soon as today. Bain Capital partnering with golden gate to acquire BMC in what could be a six and a half billion dollar deal. Sources say that negotiated -- I share is around 46 box. The deal would be one of the largest leveraged buy out so far this year right behind the 24 billion dollar offer for down. B and C is one of Oracle's competitors and has been under pressure from activist Paul singer to sell itself since last year. Singers Elliott associates has -- nine point 7% stake in the company. Shares of EMC up over 4% in the premarket. Finally if you're sick of fourteen ounce steaks and have a a pantry full of Steve candy. You're probably an exhaustive Berkshire Hathaway shareholder recovering from this past weekend extravaganza. Owners of both class and class B shares descended on Omaha Nebraska to -- CEO Warren Buffett. Who offered some rather disappointing news he acknowledge that scriptures fastest growth days are likely behind it. Class a shares have -- higher and higher over the years but how much bigger can Berkshire yet that's the question short seller Doug -- -- at his first annual meeting. Saying that growth is leveling off he also noted that Berkshire's core earnings were not a stellar as many made them out today. But stocks overall are the place to invest according to -- He says there's most definitely no bubble in equities and that the economy is gradually improving. You can catch all of -- about the lose that coverage on Reuters Insider. That's your Monday morning call remembered all of us on Twitter at Reuters Insider anger at work Britney actually -- slash. -- --

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U.S. Morning Call: YouTube pay-for-play on the horizon

Monday, May 06, 2013 - 03:27