Off. It was a busy earnings day dominated by corporate news. And we begin with something no one saw coming. Biotech firm biogen surprised investors when it said the experimental alzheimers treatment was ready for the Regulatory Approval press. As you may recall, seven months ago the company discontinued the study of the drug which some expected to be the next blockbuster. Analysts say the profit potential is huge because there are no current therapies to reverse affects of the disease. A disease affecting millions and projected to affect millions more in the years to come. The news sent smars of biogen 26 , the best oneday gain since 1996. But as meg tyrell reports while there is hope there is a long road ahead. It was a diagnosis you dont expect in the early0s. Jeff was only 51 when he was told he has early on set alzhmerss disease with no drugs approved to slow alzheimerss progression he enrolled in a Clinical Trial of an experimental drug made by biogen designed to attack the am man
Frank santorum join us. Bridget bowman talks about the key house and senate house and o watch in the upcoming 2020 elections. Yeas are 354, nays are 64 recorded as present. Two thirds being in the affirmative, the rules are suspended. The joint resolution is agreed to and without objection, the motion to reconsider is laid on the table. Host in a bipartisan vote with 129 republicans joining democrats, the house of representatives voted to oppose President Trumps decision to withdraw u. S. Troops from syria. The resolution also calls on President Trump to present a clear and specific plan for the enduring defeat of isis. Good morning, everyone. We will begin with your take on this debate in washington. Republicans, 2027488001. Democrats, 2027488000. Independence, your number, 2027488002. You can text us with your first name, city, and state at 2027488003 or join the conversation on twitter at cspanwj and facebook. Com cspan. We will get to your thoughts on syria in a minute. We begin wi
Trading lower. Apple and anike hitting fresh record highs bank of america analyst throws in towel on his cell rating. Well have more on that. Kelly. Thanks. The excitement over phase one of a trade deal has turned to confusion as china says another round of talks is necessary. Its not even a complete workday here at the white house. Theres not a lot of bodies in the building to explain exactly where all of this stands the treasury secretary is here he was on cnbc this morning explaining that there is still a lot of work left to do in phase one. Here is what he said we have a fundamental agreement. Its subject to documentation and theres a lot of work to be done on that front but it includes intellectual Property Rights and include financial services, currency and Foreign Exchange and includes very significant structural issues in agriculture. On top of significant purchases. I would describe phase one as quite substantial. There you hear from the treasury secretary hes saying theres a
Thinks there could be a demand problem. Power lunch starts right now the dow in triple sdwrdigits take a look at the financials. The worst performing sector today on track for its worst week since march it wasnt the drop. It was the rally ta got every ones attention. The dow has dropped 1200 points at its low this afternoon. Leading the pook wack was semi conductors it was all those names analog, qualcomm and micron. I want to keep an eye on those big names. Home depot, mcdonalds, costco, nike industrials did okay but their rally was much, much more muted. Caterpillar but not as much as more growthy oriented stocks i think the other important thing is probability of a rate cut by the Federal Reserve for this month now 90 probability of a rate cut, 50 in december as well you can see yields also stop going down just about the same time as the market stops going down melissa, back to you kelly, back to you thanks very much. President trump talking all angles of the china trade deal earlie
[laughter] maria big show this morning on deck this morning, ohio congressman and member of the house intel and ways and Means Committee member brad is here on yesterdays hearing, darrell issa joining us on new run fur the house, Intel Committee devin nunes on the whistleblower come print and Philadelphia Federal Reserve complaint patrick harper, on Economic Data, backdrop on the economy, we will talk about rates as well, dont miss a moment of it. Top story this hour, whistleblower hearing, Joseph Mcguire sealed question from lawmakers yesterday, intel chief showing some support for whistleblower also had warning for democrats Going Forward, watch. Theres an allegation of a coverup, im sure an investigation and before this committee might disprove that right now all we have is allegation from secondhand from a whistleblower. Maria now weve got the media, New York Times say they know who it is but the republicans want to know who is the whistleblower, maybe hes from the cia, whats your