Fast money starts right now. Live from the Nasdaq Market site on new yorks times square. Im melissa lee. Tonight on fast, should the drug industry be more worried about a donald Trump Presidency . The ceo of allergan thinks so. Hell here to explain why in a fafast money exclusive. Plus donald trump sending a chill down Corporate America today with this comment. Companies are not going to leave the United States anymore without consequences. Not going to happen. Its not going to happen. Ill tell you right now. So what will the consequences be and what could it mean for the trump rally . Later, tech continues to tumble, now trading where it was before the election. That has traders hitting the buy button on some battered names. First, stunning news out of starbucks, Howard Schultz stepping down as chief executive, he will be succeeded by the companys current president , Kevin Johnson. Lets get to Andrew Sorkin in seattle for all the details. Reporter hey, melissa, i am in seattle. Howard
The energy is up over the last month or three months, and that is why we are here, right . It is a big portion of why we are here, and of course, a lot of folks have mischaracterized how much the American Public would save if you have basically took a look at the gasoline, judge, and figured that you would average family consumes 600 gallons through the vehicles and so forth through the year, and gasoline prices are up a dollar from the lows, and in m some parts of the country, they are, and that is 600 in additional what would have are been savings in the year earlier in january and now the savings is it still goes up, and you buy the stocks . No, they are topping out here, and many of the oil e p plays are topping out. One of them that i added to the portfolio that i will talk about la later that has legs, but e ps is topped out. And who is on the other side . Energy itself . Yes. Nt i dont believe we are topped out for energy itself, but what has happened in the beginning is that Mo
Okay. First, thanks for having me. Yess the last five years one of the largest shareholders of williams. Most of the last two years was on the board and resigned in late june along with five other quality directors. Six resigned in total. A different view of the management, specifically the ceo and ability of the six directors who stayed to assist and hold that ceo accountable. In some id say very much a 1970s board where theres six directors whose qualifications i question. Gotten on beal loyal and supportive of the ceo, whose record failed to meet expectations. We went through a long engagement around strategic initiatives, on and off again deal with Energy Transfer. That deal did not happen. Then the board had to figure who was the right leader . The right question for a board to ask. There were six very accomplished directors including the only sitting ceo, the chair of the head of the safety committee, the head of the Strategic Review committee and two largest shareholders who fel
Numbers. Profits miss estimates by a penny. The massive data breach hang over the stock. Macys downgrade with disappointing results, dicks and urban outfitters. All moved lower. A vote coming for obonomics in japan. And well have an exclusive interview with the ceo of halliburton to buy baker hughes. Revenue above consensus rose better than expected 5. 2 . Retail noting at 28 million and expenses for that recent data breach adding it cannot estimate the total cost of the breach which for the year, about 34 million. Not bad in a tough retail environment. Traffic up. I think what happened is last week macys reported a quarter where they cut the forecast, yet the stock rallied too after being down one. That caused a lot of people to say it doesnt matter what retailers do. Its going to be a good holiday. Gasoline down, employment up means you can suspend what people think. Lots of stocks ran. When you run into a quarter, suddenly we take it into account the way we didnt when macys was stal
Republicans economic agenda, included massive unpaid tax cuts for the rich. Two unpaid wars and a doctrine of no regulation no supervision of wall street. It is this radical agenda that precipitated the financial meltdown and shattered our economy. How bad was it . On the night of thursday, september 18th 2008, the secretary of the treasury came to the capital for an emergency meeting with congressional leaders to inform us of the severity of the meltdown. When i asked the chairman of the fed, at the time ben bernanke what he thought of what the treasury secretary was telling us . He told the leaders, if we do not act immediately, we will not have an economy by monday. This was thursday evening. Thats where we were, september 18th 2008. In order to stop the meltdown of americas financial institutions, it was necessary for us to pass the troubled assets release program tarp supported largely by democrats and later we enacted historic consumer wall street reforms with dodd frank regulati