There is no alternative come and that is why they are investing. David it is what youre seeing. It was not the fundamentals of the equity markets, it was the liquidity pressed into the marketplace that drove up the values. Alix notice rick parity funds now those risk parity funds that is the risk Going Forward. We will be discussing all of this, plus centralbank policy and the feds next move and the state of the bond market with peter hooper. That is coming up in just a moment. Jon, you are taking a look at the after of that friday bond selloff. Jon the followthrough into asia and europe once again. A threeday losing streak in europe, every Industry Group trading in negative territory. The miners got hammered in london, the ftse down by 1. 5 . In the fx market, dollaryen lower. The dollar stronger on both of the other on most of the other crosses. Positive by about 2 . In commodities, risk off with crude, brent, and the bti coming in at 1. 8 there. And wti humming in at 130 there. The
Billion. Merck announced it is snapping up Sigma Aldrich and a 17 billion deal. 7. 6 billion dollar acquisition. Hans mercks deal helps it move away from developing pharmaceuticals why is that important . This is a Company Switching midstream. I havent had a new drug approved since 2003, and merck is moving away from being a pharmaceutical company. Of theirl get 60 revenues from the pharmaceutical side but theyre moving more toward chemicals and plastic. That is what they get with sigmaaldrich. They make many of the chemicals that go into testing and drugs, they get a big footprint in the u. S. As well. The stock sits at a hundred 40 per share and it closed on friday at 100. That seems like a 40 rhenium. Premium. In to thes this fit overall strategy . Becomings is clearly an industrial giant and wants to be an oilproducing servicing company. They have been eyeing dresser errand for some time. I know you have reported extensively on it, it is a veritable revolution. You have a German Co
Its been the worst performing stock in the dow for the last two years and its underperforming the index so far in 2015. Well talk to an ibm analyst later this hour and dont miss the ceo on cnbc talking about everything that had gone on during the presentation. The senate is set to vote today on a 40 billion spending bill aimed at preventing a partial shutdown of the department of homeland securitys funding because it will expire at midnight on friday if congress doesnt take action. Take a look at a couple of stocks to watch this morning. Salesforce is raising its revenue forecast pointing to demand for its Cloud Based Software and services. Workday results were in line with estimates and theyre giving upbeat revenue guidance. Earnings in revenue beating the street but the Parent Company of victorias secret offer light Current Quarter Profit Guidance and as a result the stock is trading low they are mork. Lets get a check on the markets this morning. Yesterday the markets were essential
And we are joined by the men gestured speaking there, David Rubenstein is the cochair of the National Book festival. At what point did you decide to become involved with the library of congress and National Book festival . A number of years ago when Jim Billington was still the librarian of congress, i made a modest contribution and he asked me to get involved. I got involved as the cochair and eventually the chair of the medicine counsel which is the support arm of the library of congress. It does not have enough money to get everything that it once from congress so they try to get philanthropic support. The medicine counsel is that arm and i have charted for the last several years. You have the money to donate because you are an investor. Your recent focus how to invest masters on the craft. When did you start investing . I started a large private equity and Firm Private Equity firm. I would not say i am a great investor but people in the firm are great investors. This people is desi
And we are joined by the men gestured speaking there, David Rubenstein is the cochair of the National Book festival. At what point did you decide to become involved with the library of congress and National Book festival . A number of years ago when Jim Billington was still the librarian of congress, i made a modest contribution and he asked me to get involved. I got involved as the cochair and eventually the chair of the medicine counsel which is the support arm of the library of congress. It does not have enough money to get everything that it once from congress so they try to get philanthropic support. The medicine counsel is that arm and i have charted for the last several years. You have the money to donate because you are an investor. Your recent focus how to invest masters on the craft. When did you start investing . I started a large private equity and Firm Private Equity firm. I would not say i am a great investor but people in the firm are great investors. This people is desi