And Valeant Pharmaceuticals teaming up for allergan. Well explain. Novartis unveiling a Restructuring Plan amid a flurry of deals involving glaxo and lily totalling 28. 5 billion. Netflix says it will raise prices for subscribers as the jump in earnings pushes the shares in premarket and slew of dow components reporting, mcdonalds, United Technologies, we have it covered. Shares of allergan are surging as we said bill ackman backing pharmaceutical bid to acquire the maker of botox, valeant offering 38. 40 a share in cash. Since february, Ackmans Pershing Square amassed a 9. 7 stake in allergan, but all the discussion guys, today, is about the role of the activist investorer. The times calls it the boldest move yet from an activist. Absolutely. I hope to hear from david. We were going back and forth last night about how does someone kind of basically know theres going to be a bid and be allowed to accumulate stock. Classically that would be front money. If we had an sec that was on the
Affecting our business. Europe is, i think, fully bottomed out. Easing from chinas central bank, the pboc saying it will cut the requirement for rural areas on friday in order to bolster the agricultural sector. He was described as the chosen one. Manchester united have sacked their manager, david moise. Youre watching worldwide exchange, bringing you Business News from around the globe. Hi, everybody, welcome. Yes, youre watching worldwide exchange, after a long easter weekend for many of you, now back at work in full in europe, coming on to speed after we saw a thinner trade in the u. S. Compared to whats normal given the european holiday yesterday and the stock is higher, just shy of 1 . Were still early days, right . Our main european markets looking like this. The ftse a big higher, the xetra dax shy and the ftse is a couple of points lower. Its been about m a, its also about worries and ukraine and whats taking place there. Back to whats going on in m a, astrazeneca shares soarin
Spot for San Francisco nightlife. The Evidence Police are reviewing as they search for the people responsible. Mornings on 2 starts now. Were live in San Franciscos north beach neighborhood where police searched this home early this morning. Their investigation started as a routine traffic stop across town in the presidio. Coming up in two minutes, Tara Moriarty just spoke to the man arrested and she will tell us what she had to say and what initially sparked a Police Officers suspicion. Good morning. Welcome to mornings on 2. Im tori campbell. Good morning. Im dave clark. Lets talk about weather and traffic. A little chilly this morning. Very much so. No doubt about t our system came by, Still Producing some snow, a rain snow mibltion mibltion mix. Partly sunny, partly cloudy. Cooler, breezy. You will feel it. Layers, cool and breezy and then cool, breezy later on. Mostly sunny conditions. The breeze was the big story last night. That system came by a couple of observe others. I want
A 6 day winning streak its longest in 7 months. The nasdaq was especially strong, rising nearly 1 percent. Commodities were red. Oil fell more than 2 dollars a barrel and gold futures notching a 3rd straight day of losses. Netflix flexed its market muscle. Its shares took off after reporting earnings. Its numbers easily beat the street in expectations. The company is signing up subscribers and its announcement that fees would modestly rise for new customers was welcomed by investors. Owners of Harley Davidson shares were feeding at the trough of profits. Ticker symbol hog, its shares popped a wheelie after a strong Earnings Report First Quarter earnings were up almost 19 percent on strong sales. Where are most of its buyers . Asia, especially china where owning an american harley is a distinctive mark of status. Our trader today is todd horwitz, with avg. Joe options. Todd, let me ask you about mcdonalds didnt hit its numbers, market didnt seem to care, whats going on . Good morning bi
Well, that we would normally perceive to be realistic and commonplace, youd normally get stocks to go higher, but not this time because of the gauntlet. The average warred ahead and pulled back to limp into the close. Dow going on to close up just 26 points. S p gaining merely 0. 3 . Nasdaq advancing only 0. 15 . No companys immune from this gauntlet, including companies regarded as the best in show. Vf corp, sherwinwilliams, even apple and amazon who reported tonight after the bell, and ill have more on later. Lets go over how a stock can get through the gauntlet to the promised land, and what can cause it to get trapped and ultimately hammered into oblivion if it doesnt. The first leg of the gauntlet is the company beholden to europe to make its numbers . Youve got to ask that before every stock every stock you own, ask that question. Pretty simply, almost every industrial has got exposure to europe, and that goes double for the technology stocks. This, by the way, and not the fiscal