The world. And i have to say i personally was shocked to see that the journal would publish Something Like this, when we had sent them over a thousand pages of documentation demonstrating that the statements in their piece were false. Bill george is Harvard Business School Professor and cnbc contributor. Jeffrey sonnenfeld is associate dean with yale school of management. Great to have you with us. Collectively, including jeff who is going to join us soon, you called the science into question, you called the company a scam. You called the ceo a bad actor. A lot of ground to cover here. Lets start off with you. You equate Elizabeth Holmes with the likes of mike pierson, the outgoing ceo at valeant and Martin Shkreli, the bad boy poster child of bio vehictech. Theyre doing great harm to the pharmaceutical industry. And such a contrast to somebody like ken frazer at merck. It worries me a great deal, particularly in a Political Year when they get a lot of political pushback. Theranos has
Could be a chance for both parties, respect different runners to sort of readjust, recalibrate, whatever you want to call it. Connell mcshane picking apart has to be e done and done fast. It does indeed on its way t to long island for rally to get his senior primary Campaign Later today which we will coverr for you. He does so after the loss inin wisconsin last night. Trump beats 56 of the remaining delegates. Thats all the delegate before the convention needs to win them. Now that he has 743 after last night. The rest of the candidates, ted cruz in a position where mathematically if we are 1 of the delegates, he could get over the magic number at 1237 before the Summer Convention. Of course john kasich didid pick up a single delegate last night. Youre not getting 126 of anything. Thatat is where we are. Where we go as we look at the map, new york in a moment. This month of april will be interesting to watch to everything plays out. 743517. State conventions in colorado and wyoming wou
Lauren after gaining 5 yesterday, oil prices are firmer. That is some hope that there might be an opec production phrase. Nicole outrage over new textiles from the white house that killed 160 billion to merger. Ceo of pfizer with an oped in the wall street journal today at a nearby high Corporate Taxes are costing american jobs. Transfer the white house declining to support a new bill allowiwing a crack encrypted iphones and other devices. Nicole in sports, golfers are choices ththe masters gets underway. Well ha some some premasters holeinone ots for you. Lauren at its 5 01 a. M. In new york to thursday, april 7th. Thanks for joining us for the first look at todays market, the latest breaking news and what to expect the day ahead. Nicole breakingews this morning. The battle for the nomination intensifies ahead of the primary. Hillary clinton and Bernie Sanders fighting for the 247 democratic delegates. Clinton with a series of attacks questioning sanders is prepared for the presidency
Eurozone may be weaker than previously thought. That pressured stocks. The Dow Jones Industrial average dropped 140 points to 17,750. Nasdaq fell 54. The s p 500 was off 18. As bob pisani points out, the very things that had been driving the market higher for nearly three months seem to be starting to shift. Reporter stocks were down today as three key parts of the recent rally reversed a bit. First the china problem. Chinas been stable recently but the Economic Data has been choppy, kind of hard to read. Overnight the manufacturing numbers were weaker than expected. And that is predictably causing commodities and commodity stocks to weaken around the world. Second dlem is the dollar, notably weak this quarter. Its been a big help to commodity stocks and u. S. Based exporters. Some are starting to question whether the dollars fall is now over. Indeed, the dollar staged a reversal today. The third problem is oil. We know that its off the february low of roughly 26. But its dropped about
Just getting some pmi data on euroacturing for the area and the figure is 51. 7, a slight uptick from the earlier 51. 5. 51. 7 showing the Manufacturing Industry is expanding. Any number above 50 shows expansion. Economycourse is an that grew 0. 6 in the last quarter. Still, inflation is a bit of an issue. Lets get to the bloomberg first word news desk. Nejra halliburton and baker hughes have called off their 28 billion merger, citing challenging regulatory conditions. The proposed union between the oil Service Firms admit antitrust resistance in the u. S. And europe. Halliburton must pay a termination fee of 3. 5 billion. Puerto rico will default on a 420 million bond payment today, escalating the biggest crisis ever in the 3. 7 trillion municipal debt market. The governor warned the itsrnment would miss obligation, saying the commonwealth needs to focus on providing essential services. Investors hold 900 million of its debt. Creditors would accept a potential haircut according to the