David, great to have you with us. Nice to be here . In your view what the odds that valeant befaults because it cant meet the filing deadline for its annual report . I think there is a meaningful chance that it happens. A couple things that i would upon out here. Without knowing all the specifics of accounting issues this is a company that has made dozens upon dozens of acquisitions. The accounting is highly complicated some. He when it comes to default, you really cant rule anything out. I think thats one of the reasons the stock is down as much as it is. Why did it take you so long to downgrade the stock . Why wait for the stock to fall 45 , lose 10 billion in market cap to tell people to sell the sell when the issues, the accounting issues, the levels of tent you flagged in their report they existed long before todays Earnings Report . I would just like to point out that we went to a neutral on the stock from a buy over four years ago and were telling people to take profits then. An
All of the new income and wealth is going to the top 1 . Global oversupply means Lower Oil Prices are here to stay. Thats the warning from the russian minister in an exclusive interview with cnbc. One has to get used to it, learn to live with it and to work taking these conditions into account. And we get the keys to the ikea house as the ceo tells how europe can get its swagger back. The picture that we have is that europe certainly is back and maybe the perception is lagging behind a little bit but reality is that were seeing quite good times here. All right. Lets dig deeper into the jp morgan numbers. A disappointing Third Quarter and revenues missing forecasts. Profits were lower in three of the key businesses. Total income rose 22 but this is thanks to one of tax benefit. Jamie dimon said they faced a promising global environment. Now other financials set to report today, bank of america, black rock and wells fargo, theyre out before the bell and citigroup and goldman will release
Fix failing businesses. You would never be able to pay off that debt. I make tough decisions. You know, youre causing strife right now. And i back them up with my own cash. Will you take a credit card . Its not always pretty. We dont like the fact that you can say no. Go stand in the corner and shut the [bleep] up. But this is business. I want you to think before you talk. Are we clear . I do it to save jobs and i do it to make money. Thanks for your business. This the profit. [upbeat music] skullduggery is a toy manufacturer located in anaheim, california. Purchased as a fossil replicamaker in 1987 by pete koehl iii, skullduggery is now run by his two sons, steve. We got to make sure we make this fast enough, okay . And peter. They wont be ready to ship till tomorrow. Who have expanded the company into more traditional toys, such as race cars, helicopters, and cast and paint kits. [laughs] although skullduggery racked up 1. 6 million worth of sales, they still showed a net loss of 50,
Fix failing businesses. You would never be able to pay off that debt. I make tough decisions. You know, youre causing strife right now. And i back them up with my own cash. Will you take a credit card . Its not always pretty. We dont like the fact that you can say no. Go stand in the corner and shut the [bleep] up. But this is business. I want you to think before you talk. Are we clear . I do it to save jobs and i do it to make money. Thanks for your business. This the profit. [upbeat music] skullduggery is a toy manufacturer located in anaheim, california. Purchased as a fossil replicamaker in 1987 by pete koehl iii, skullduggery is now run by his two sons, steve. We got to make sure we make this fast enough, okay . And peter. They wont be ready to ship till tomorrow. Who have expanded the company into more traditional toys, such as race cars, helicopters, and cast and paint kits. [laughs] although skullduggery racked up 1. 6 million worth of sales, they still showed a net loss of 50,
Tomorrow with raul castro. Live here on the east side, news 4 new york. A lot going on, thank you, brynn. The president s appearance hasnt made it easy for drivers, especially on the eastside. It is a mess out there. A look at the gridlock this morning that a lot of us here sat in. Em i did west joins us with more on the traffic today. A lot of delays, street closures on the east side for the u. N. General assembly, plus the president is in town today and tomorrow. So first avenue between 42nd and 48, that is going to be closed as well as 44th, 45th, 46th, between first and second avenue. 49th between third and lexington closed and 42nd street between fdr getting on and off the ramps. Closures throughout the assembly, once its over each day at 15th street and first avenue, they will reopen and emergency vehicles will take up one lane throughout the assembly. 42nd, 57th, and second avenue. If you can do mass transit, that is the way to go or avoid the area. Emily, thanks so much. Going