The most of the session, there is a tugofwar going on. As david mentioned, Energy Stocks are performing poorly. You can see that they are up off the lows but still down along with materials. There is a commodities selloff pushing them down. On the other sides health care, up by 1. 1 percent. I wanted to dig into the rally that we are seeing. If you look at large cap pharma companies, allegan reports earnings tomorrow. Johnson johnson on the right. These of the biggest contributors in terms of the games we are seeing in the s p 500. Terms of whats driving driving them there, kevin, the big maker of Generic Pharmaceuticals be estimates and says that its generics pricing is actually not dragging down earnings that much, as are has been widespread concern about pricing of generic drugs and whether it would continue to decline. They said they didnt think they would see that much more downside. That is having a Ripple Effect. They also say they are going to complete their proposed acquisitio
Results that came in significantly below expectations. Sabmiller rejects inbevs takeover offer saying the 42. 15 number is still below what they want. First up, yum brands will take a hit in the premarket. The home of kfc, pizza hut and taco bell missed with Third Quarter results. Greg creed says the pace of recovery in yums China Division is below expectations. In q3, we were looking for a 9. 6 number. They used the words unexpected headwinds, despite everything we know about what is going on there. Lets understand i know david tweeted what does this say about china growth. I say what does this mean about execution . Nike is selling a lot of shoes there. Starbucks has had a fantastic run. Apple is selling well. Samsung, verification of that. Samsungs business strong with apple. This is inexplicable. I think people are tired of it people are tired of the breakup story, the sum of the parts, when will it happen . You dont break a company up when the business is bad, because we just get
Biggest increase since february ahead of the jobs number tomorrow. Our road map begins with facebook shares poised to hit a new record after last night. Whole foods misses expectations. Sales growth at a fiveyear low. Find out how the coceo explained this to jim on mad money last night. Homeaway, well talk to the ceos in the next hour. But facebook is poised to open at a record high while entering the 300 billion club. The Third Quarter results beat estimates. 78 of ad revenues now coming from monthly active users. On last nights Conference Call, Mark Zuckerberg said video is another area where facebook is continuing to make progress. Take a listen. On average there are now more than 8 billion daily video views on facebook and 500 Million People who are watching daily. To offer even more engaging video experiences, weve added live video for public figures. And we now support interactive 360 videos. 78 mobile. Three years ago it was 14 . Remember that . Remember when they had a mobile p
Are doing or theyre leading misinformation all over the place. Turkeys minister has to work after moscow threatens further economic revenge. Online and in store the black friday frenzy gets off to an early start with customers flooding shops and Online Retail shops to make the best of the sales. Good morning, everyone. Its friday and were under pressure today. Off by 0. 1 . Ftse 100 off by 0. 4 . Many of the stocks coming under pressure. Were off of it in part of what happens in asia. Driving the shanghai comp to the worst Weekly Performance since august. This as the industry comes under investigation for possible violation of the trading rules. Reminds us of the summit, doesnt it . Yeah, remember, the mainland chinese markets, they have rallied quite hard. About 20 before the fall out that we saw today from the august lows so we are eroding some of those gains from the summer route. In terms of perspective this is the sharpest one day percentage fall since the debt of that we saw in l
Morning. But those are pretty incredible images. Among our top business headlines were watching oil prices this morning. Crude down sharply after yesterdays gains of nearly 3 . We havent quite wiped out that gain but its still going to be driving the market today. Crude down about 2. 5 . Brent down close to 2 . Brent is slightly higher than crude but weve seen those levels reversing themselves. The move came after an unexpected rise in inventories reported by the American Petroleum institute. Well get the weekly report on inventories later this morning. As you know by now that can be market moving and city Energy Analyst telling cnbc that prices face further down side risk in the first half of 2016. That call based on expectations that opec will continue to try to pump the competition out of business. And thats what opec has been trying to do all along. The bidding war for pep boys appears to be over. Bridgestone saying it will not counter mondays offer from carl icahn. Offering to buy