Itunes app store has malware affecting apps developed in china, could other parts of the program be at risk . We have a top security expert. What are those of us with ipads and iphones supposed to do with b. It . Plus new data on existing home sales falling more than expected and now Jpmorgan Chase is making a move that could put another damper on home sales. That story is also just ahead here. Lets start with biotechs getting slammed. Those stocks down as you saw there after that New York Times article on Specialty Drug price gouging during pharmaceuticals was pro filed in that piece after it raised the price of one drug from 13. 50 to 750 per dosage. Now, the ceo was on last hour, you told me go terrell that he would not be changing that price tag. We definitely planned on raising the price, thats for sure. We paid a very, very large amount to buy an unprofitable medicine. We cant continue to make to lose money on the drug at that price. So we took it to a price where we can make a c
Well find out pretty darned quickly when the Chinese Market finally reopens for business. But i can tell you a lot of whats working in our markets with better numbers coming out of the peoples republic, not out of the united states. In fact, much of the strength we have seen in the last three days comes from a belief that the Chinese Government is working to refoot their economy, which helps explain todays strong results. S p advancing. Nasdaq too. Im seeing signs of hope everywhere. In china, that is. Morgan stanley, after disliking the Mining Sector for ages, went positive on two of the biggest minors. And the market loved it. Stocks roaring hard. A couple of weeks ago that would have fall own deaf ears. Total bellwethers rocketed. Real gain 8 . These two left for dead companies were the most heavily shorted. They were shortselling annuities. A dream come true for those who bet against stocks until the comeback story come about the last couple of days. Thanks to copper, it has fallen
For the force awakens was released last night, there a is a look we will talk to a top analyst about the impact the new movie could have on this stock. We may or may not play the entire trailer. You are going to have to stay tuned. Several times. Also yahoo is about to report its earnings after the bell tonight, the stock down more than 30 this year. We will tell you the key numbers to watch for when that report hits the wires coming up next hour. And man who plays former apple ceo john scully in the latest steve jobs movie, jeff daniels will join us live at the New York Stock Exchange to talk about that role and whether will mcilroy was loosely based on bill griffeth. So many similarities. Will ferrells role was more like me. Im ron burgundy. We digress. We if i know with the news on yum brands spinning off its china business. Jane wells has details on that. Investors not quite as happy about it now as they were earlier today but still happy. Boy, that was fast. One week after adding
President obama will hold a meeting. Journalshington september 15. School will be canceled today in washington. Educators are seeking almost a 10 pay raise over two years. The larger issue of teacher pay is our focus this morning. Particularly, teachers in the school and your district. Do they receive adequate pay . For parents, you can call 202 7488001. All others, 202 7488002. If you want to post on our social media site, it is on twitter. And facebook. Facebook. Com cspan. Here are the specifics of what is going on in seattle. Here is what teachers are asking for. Ing, well sis basic specifics were not proposed disclosed, they announced on sunday. Wo9. 75 pay raise over t years. Because neither raise applied to the full salary the effective increase is lower. The most recent counter offer was a 9. 2 raise over three years. That is what is going on in seattle but the larger issue of teacher pay, if you think it is adequate, that is our focus. If you want to give our thoughts your tho
7 30 this morning and after all we heard from the retailers, we know jp penny had better than expected comps a lot of the attentions after the big misses from macys and nordstroms this week. But first a check on the markets this morning. Yesterday was the worst day for the major averages since september 28th. The dow and s p are on pace for the worst week in ten weeks. This morning things are looking flat but this comes after a decline of 1. 4 for the dow yesterday down 254 points. And breaking news outside the world of business overnight. The pentagon says that u. S. Forces targeted this islamic this isis militant known as jihadi john with a drone strike in syria. He has been seen in isis videos executing several western hostages including two u. S. Journalists and an aid worker. The pentagon is assessing whether the attack was successful. Well bring you the details as they develop. We have more hints that the fed could start raising rates in december. Speaking late yesterday, Stanley