Thats certainly how it feels on todays like today and the perception everything is going wrong is absolutely at the heart of the decline. But im also sure of something else. Whats good for the stock goose isnt necessarily good for the stock gander. Not everything can be bad all at once for all stocks. Some groups are going to be winners. Even if the big name industrials could get a further beatdown. So lets pull the negatives apart and is see where they take us. First the dollar was very strong today. Thats being viewed as a huge negative for all companies. I think the action today was contrary to the major trend. Ill go off the charts later to demonstrate the technical case for betting against the dollar and in favor of the euro. But lets say im wrong. Do you remember how the market reacted to the sustained strength of the green back that was the story for most of last year . While our International Stocks did indeed get pounded, many domestic stocks performed fabulously. The domestic
The express scripts and many insurers and employers and the plan to put cancerfighting medicines in the pay for performance category. Shares are up 27 over the past year. Here to explain how this would work and the impact it will have on doctors, patients and maybe the stock. As you mentioned it sometimes referred to as pay for performance. The medicine should be reimbursed based on how well they work. I spoke about the plan and it has two parts. How well drugs have shown to work in different cancers. Steve miller cites a drug as an example approved for lung cancer and pancreatic cancer. It is proven to extend lives by months for lung cancer and only by a couple of weeks for pancreatic pancreatic. The new plan would reimburse more for the first. The second part looks at how well they work for individual patients. They require more testing up front and monitoring patients as they receive treatment. They said they have been listed and cancer drugs. Steven pearson for the clinical and eco
How long have we been working at bloomberg and never had a chance to sunset together . Since the reagan years. This is a first. We were talking about it yesterday. Im thrilled be sitting here with you. Were talking about cut rate cornerbacks, the football this weekend, a lot of people are the big spenders on these know, the it as you super bowl is coming to new jersey. It will be in the meadowlands. They will be freezing. We will be watching from the comfort of our homes. We will get back to that in a minute. T is time for the news the top business stories from around the world. Morgan stanley profit fell 70 due to costs of bank securities. And litigation. The bank achieved this gold on costcutting and reducing capital used by the tracing trading. Smog hit hazardous letters in chinas steel producing region. Pollution is 17 times the safe level recommended by the world health organization. The Chinese Government has asked local authorities to reduce illusion by up to 25 over the next th
Theres strong ad revenue. And byebye bernanke, the fed chairman checks in for his last fed work as his tenure comes to an end. Janet yellen will be sworn in on monday. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. We saw plenty coming up on todays show. Consumer goods lexolux misses demand in the Fourth Quarter. Were going to be speaking to the ceo first on cnbc in about an hours time. Meantime, amazon disappoint onned with earnings. We asked the online retailer if it can turn around. Meantime, more evidence of japan moving away from deflation. Were speak abenomics in around 30 minutes. And sports fans are gearing up to super bowl sunday this weekend. And the game is being held this weekend in an open air stadium in a very cold weather centre. We hear from one Football Player and see how he thinks players and fans will cope. This is how markets are shaping up. Theres been quite a bit of selling on the market today. The cac has been tryin
Yesterdays negative market action. There you can see the s p, the dow and the nasdaq, all looking like we may be implied at least for a positive open. We shall see. That allimportant tenyear note deal. Interesting how rates have been moving up over in china in terms of borrowing rates. How are we doing here in the states in well take a look at the tenyear, which is still hanging right in there at that 2. 7 range well call it. Go across the atlanta to europe. Well call it a mixed picture. Is that your call . Yeah. They dont celebrate thanksgiving there. They dont have that seasonal lift like we have here. Thats true. We start with tiffany, shining just in time for the Holiday Season. Sales in asia helped to shield the outlook and the stock. Remember when jos. A. Bank withdrew its offer to buy mens wearhouse earlier this month . Now theres a twist as mens wearhouse tries to buy jos. A. Bank. Tiffanys posted better than expected results, total sales in the Asia Pacific Region were up 27 .