This is MarketWatch news break from Wall Street to main street to your street I'm John Wordock.
And I'm Ann --
If there's any harm to the passengers. It -- domestically because his reduce competition.
Plus jobs should grab most of the attention in a very busy economic week I'm Steve Paulus I'll have details and a moment. And for today's daily news nugget and any hints. Book on Dan now broken down out. All that after these headlines. I'm Steve Potisk in the MarketWatch radio network newsroom on Monday August the thirtieth personal incomes rose in July. But consumers were spending at an even faster pace the Commerce Department says on average workers saw paychecks rise two tenths of a percent that's a little less than expected. It didn't stop them from shopping though is spending rose four -- the strongest pace in four months. -- spending accelerated the national savings rate fell a little bit last month as -- consumer inflation. It did rise a -- meaning that over the past year it is up one point 4%. Meanwhile a survey by Hewitt Associates finds salaries and wages are rising but not by much companies say that they expect salary and wage hikes next year. To average just under 3% that is up from just under two and a half percent this year. And less than 2% last year Comcast's plan to -- General Electric's NBC universal is getting close scrutiny by the Justice Department. The Wall Street Journal says the feds are considering whether and how it might stunt the growth of the Internet TV industry. And with a Comcast and other cable satellite providers are trying to lock up the rights to distribute TV programs over the net. I'm Steve Potisk you're listening MarketWatch news break.
For a free rate while -- Geico dot com or call 180947. On fifteen minutes could save you hundreds on car insurance. With a real estate it's about location location location when it comes to gauging the economic recovery it's about jobs jobs jobs. So the Friday release of the August employment figures could be a market driver.
Then captured putting becomes the -- you know everywhere it's okay we know to -- the economy or we need to see job. And take activity at a variety of -- Our company because Kabul the stack hiring.
And Liz Miller at summit place financial advisors says the report is an easy single indicator for investors to focus on to get the economic pulse. As for what she's looking for.
What I think is important if he.
private sector job creation of an apparent.
The survey by MarketWatch expect just that despite expecting an overall drop in payrolls. In addition this week's busy economic calendar includes reports on personal income and spending home prices a look at manufacturing. And consumer confidence for MarketWatch news break I'm Steve Potisk.
I'm Tracy Johnke it with the Justice Department's approval of the merger between continental and United Airlines they've cleared one major hurdle and there doesn't seem to be. Much in between their expected merger as of October. First -- talk about how is this merger will affect us the passenger. Is Terry triple are the owner of rules to know dot com. Now that Terry this approval from the Justice Department came rather quickly it seems like the government doesn't seem concerned about what's ahead session passengers.
I don't really think so yes we do we -- and see -- in other airlines of course competition's going to be lessened. But I think that we do in the long run it's going to paid the United States will basically that have to read. Global carriers so to speak you'll have jumped on united and American Americans yet standings you will do very large airline. And it will benefits it in the long -- international. Travel international passengers. With more connections to more cities on one airline. Domestically. If there's any harm to the passengers. It comes to basically because his reduce competition -- but usually the company -- still going to be competitive routes the Justice Department did make. If you recommendation to add that AM some demands that one was they had to give up some of their slots at Newark airports. I mean takeoff and landing slot and they had to give up eighteen of them. And so the combined airline will have eighteen fewer takeoff and landing spot slots at Newark Airport -- southwest has picked those up. So the Justice Department looks at very closely. And it seems like CE EK period faster absolutely right insist this is much quicker than it was never thought it would be best. It along when it it'll be good did -- put some bumps in the road but it'll be all right.
Should people expect to be paying a a little bit more a little bit less about the same.
You know this is that this is really tough to say how fears of going to -- mount. And the reason is is if shares are -- a yearly that we can use relationship delta northwest merger as an example. It's a little over two years ago. And fears had our -- but are they up because of the economy are they up because -- capacity if you see severe than all the airlines had to do. Or are they up because the those routes because -- the merger it's very hard to tell. But you could almost that the -- they well -- down.
Do you see you say American and us standing alone here because he had delta northwest and united continental DC anymore mergers in the future.
Your players in the interest that you have a the latency period that you have American. And US Airways standing alone. US Airways has made the statements that do their finances standalone airline and America hasn't really addressed that issue. I don't know would leave the American US Airways wouldn't fear Americans and Alaska Airlines. It's really hard if -- American made a major move. About just two months ago when they decided to -- an agreement with jetBlue. Meaning that they can exchange tickets either airline can accept the other guys stick it out as the first airline to really reach out. Two -- low fare carrier in is that. Large on the ticket these agreements of may be that's -- way maybe it would do. Beat the global carrier and get some of these low cost carriers to be their features it's hard to say at this point.
Thanks Terry took do you have any other thoughts on -- though I just ramble on and on. A when sir thank you some search Hitler ons rules to note dot com and now the daily news -- usually can use the water cooler.
And and has gone far and wide searching all fifty states looking for today's. Daily news nugget. And she has founded -- and with what do you have for today.
We're talking about Hawaii 50 which of course was a popular TV show back in the 1960s. -- CBS is out with a new version. That pays homage to the old versions are like the start treatment and came out it paid attention to the past few movies and shows and TV shows. They're trying to do basically the same thing with Hawaii 50 and CBS must have a lot of confidence and it is there are giving it an absolutely huge marketing push. In addition to the usual. Radio and TV in billboards and stuff like that they've turned to face not Twitter. YouTube and a lot of the focus interestingly enough is about the Wi-Fi both the theme song lot of people remember that yes back in the day. Or search by CBS found that. Basically three quarters of people over the age of 35 were familiar with the show. 70% of those under 35 were not familiar with whole -- the teach the of the TV show but did did know the themes on button so I guess they knew that things I had no idea was attached -- so. CBS's. Involving incorporating the theme song to a lot of its marketing.
And they show but -- so I must confess that one of the first shows one of the first memories I have as a kid. Is going over to my aunt and uncle's house and they were watching Hawaii 50. And I still have the picture of the surfer and yeah and the way even know you know so good luck to CBS on this. Unfortunately the shows tend to be doubts. Well overtime like the fugitive that I needed the and then Adam 12 someone I think trying to bring back Adam 12 and remember that they're trying to its site. Just leave it in the past.
Pants so well they're trying to giving it its sub prime one of its prime drama times it is 10 o'clock on Mondays starting in September 20 so I think they have high hopes that can sometimes that they think it's been done to Canada. Yeah so so position in the lineup but. I think they've got high hopes for it and want to say.
He had twenty years from now someone's gonna bring back cheers. Let's look at. -- Ted Danson will still be the -- of heart and hustle and Koppel. Thank Santa for the daily news nugget thinks. She's and -- on John -- on can wear out here.
