We have three markets. Maybe even more. After a day where the dow advanced 39 points, s p declined. 05 , nasdaq did one point, i want you to forget about the averages for a second or a week or a year or until the end of the pandemic. Thanks to the onslaught of the coronavirus, something that no ones ever seen, were seeing Something Else thats incredible not just the complete untethering of main street from wall street, but the disentangling of even small publicly traded companies and medium size ones from the big dogs that have it easy and can handle this hellatious moment. We all know main street isnt wall street. When we get another hideous jobs loss claims number like we did this morning, now were seeing more separation, that is its stunning. In my 40 years of investing, i have never seen anything like what im about to talk about so im going to walk you through what could amount to a destruction of a fair share of American Business that incredibly might not impact much of the stock
Off. It was a busy earnings day dominated by corporate news. And we begin with something no one saw coming. Biotech firm biogen surprised investors when it said the experimental alzheimers treatment was ready for the Regulatory Approval press. As you may recall, seven months ago the company discontinued the study of the drug which some expected to be the next blockbuster. Analysts say the profit potential is huge because there are no current therapies to reverse affects of the disease. A disease affecting millions and projected to affect millions more in the years to come. The news sent smars of biogen 26 , the best oneday gain since 1996. But as meg tyrell reports while there is hope there is a long road ahead. It was a diagnosis you dont expect in the early0s. Jeff was only 51 when he was told he has early on set alzhmerss disease with no drugs approved to slow alzheimerss progression he enrolled in a Clinical Trial of an experimental drug made by biogen designed to attack the am man
Was overpowered by two american passengers, who may have been marines. And he was arrested in northern france. Investigators from frances Antiterror Police are leading the investigation. Isis second in command is dead. Government Officials Say he was killed tuesday while traveling in a vehicle near mozul, which is north of baghdad. He is a Senior Deputy to the terror groups leader. Stocks on wall street and around the world taking a beating. The dow closing down more than 500 points, the big drop since 2011. Well take a closer look at what caused the selloff in a minute. How about this . A mama bear and her cubs decided to have a pool party in a new jersey backyard. Linda schmidt has more of the bears trying to beat the heat. First of all, this house is not in the middle of the woods. Its a development. Its surrounded by a fence thats about four feet high. But somehow this mama bear and her four cubs made it over the fence, dov into the pool having a good time and one of them, youre ab
You can see the ambulances and police. Its an incredible scene. So many buildings on lockdown. Streets on lockdown. A massive response, massive scene out there. This is a developing story. Well bring the latest details back to you. Christina lidia curanaj, thank update. Now to our featured story on the revelations of bad working conditions at amazon. Its raising questions about the culture at big retailers and businesses that emphasize delivery and prices at low prices. Linda schmidt has a look. The scathing article portrays in some cases an inhumane work culture at amazon. Workers at the retailer encouraged to rat out one another to their bosses, tear apart one anothers ideas in meetings, work weekends. Adrian is with crains new york business. They feel the pressure to satisfy shoppers and investors. The shopping population and other competitors who say well get it cheaper or faster to that same population, and investors, are also driving it because they want higher sales, more profit
And this isnt the first time the airline has had trouble landing e bay area. Now at 11 00, breaking news, another close call at sfo. And this isnt the first time the airline had trouble landing here in the bay area. Good evening, thank for joining us. And lets get now to the breaking news, and another close call at sfo. Once again involving an air canada flight and a questionable landing. The faa tells us air Traffic Control cleared flight 781 to land on runway 28r last night. They then instructed the crew to execute a go around since it wasnt sure another plane would be clear of the runway. The air canada crew didnt acknowledge the instructions, so a supervisor used a red light gun to alert the crew. The air canada jet landed safely and told the tower they had a radio problem. The faa is investigating. Seconds of crashing into 2 other planes full of passengers. Ot almost landed back in july an air canada jet came within seconds of crashing into two other planes full of passengers when