I want to get to julie hyman with more on that news. That number is coming in worse than estimated. A 49 is what an is what economists said. This manufacturing number coming in worse than estimated. It is also a contraction at the path contraction at the fastest pace in six years. Readings under 50 do indicate contraction. This adding to the already negative tone we have seen this morning with stocks deeply in the red. It looks like it will be the worst one day selloff for u. S. Stocks. We had that steep decline in the correction. Began in china, where he also had a steep selloff you the shanghai composite falling 5 . This being triggered by manufacturing numbers there as well. If we can take a look at some of those chinese stocks we have been missing and chinese groups on the move, down nearly 7 on the day. This is the etf that attracts the onshore stocks in china. The individual stocks are also lower stocks. Alibaba participating. We are seeing this rotation from last year. We are se
A better place to run its business than the United States of america is burger king. The company is in talks to buy canadas donut chain, tim hortons. Back to our top stories, roche has agreed to buy a u. S. Biotech firm and wit will get 8 billion itcash it will get billion dollars in cash. A record year for m a. Olivia sterns joins us live more. Welcome. Good monday morning. So nice to see you. Why intermune . Big bet on a drug that treats a rare long disease. The fda has already designated the breakthrough category. It has got a lot of pricing power. It is a disease that kills about 40,000 americans per year. The other reason is this is gets roche further. The asthmao build jokes a section of the business. The third reason is this is exactly the kind of old on acquisition we knew that roche and a lot of other players in the industry are looking to do instead of paying a billion dollars without any guarantee, they want to buy up their pipelines and buy jugs in late stage development. T
Clocks i dont think it is haunting. It is always going to be something that happened. You have a very clean conscience. The reason is i know i did my job right. Wilson is the subject of a Justice Department investigation. Prosecutors say the government is unlikely to charge him with violating the shooting over civil rights. In hong kong, prodemocracy protesters and one of the biggest shows of force in two months. They cleared a key protest site and attain student leaders. Detained student leaders. Saudi arabias oil minister says theres no need for opec nations to reduce output. He said Falling Crude prices will stabilize on their own. Opec nations meet tomorrow in vienna. The meeting discussions failed to result in cuts. Oil prices down 30 since june. Amazon says forget about black friday, think couch commerce. The first time, amazon is offering holiday deal that you can only get on your table or off your smart phone. Ate will be announced midnight tomorrow. Thanksgiving has become the
There is concern that greece may exit the euro. The Prime Minister says that early elections this month will determine the membership. The Opposition Party wants to renegotiate its debt. That could lead to an exit. Oil has resumed its slump. Prices are likely to go lower and crude is down 2 . This is the lowest point since 2009. West texas intermediate is trading at 51. Plans to oil boost exports to a record this month. Pope francis is trying to demonstrate Global Diversity of the church. He has named 15 new cardinals from 14 countries. Hedge fund founder Thomas Gilbert has been killed inside his apartment in manhattan. His 30 rural son was taken into custody after a standoff at his own apartment. Gilbert was 70 years old. We have some breaking news on germany. German inflation was just 0. 1 . The forecast was just above that. Again, the shows there is no inflation in the eurozone region , giving more room for draghi to start quantitative easing. We are going to have more on hans nicho
The new Prime Minister of greece is looking for allies. Others want the Prime Minister to stick to the terms of the existing bailout. Here is the finance minister. We have assembled drug addicts craving the next dose. It is not that we do not need the money, we are desperate because of certain commitments and liabilities that we have. Greeces new government wants it written down so i can increase government spending. Peace talks broke down over the weekend. Fighting between ukrainian troops and rebels has intensified. In the super bowl, a miracle finish. A blown play call a few room for seattle. Patriots win 2824. Tom brady was the m. V. P. I watched and i understood the game. I want to break exxon and mobil coming out. Earnings coming in at 1. 56 a share. Oil equivalent production fell 3. 8 . It may be making millions and billions of dollars, but it has a hard time keeping up with production. Earnings did wind out at 1. 56. This past weekend marked an important deadline for General Mo