Cold conditions and used a credit card to scrape the ice from the windshield. Its a pretty picture but boy changes in store for the weather. We thought weather would be the only big news but bart proved us wrong. Welcome to the 9. You have been busy as we have been covering the major delays on bart heading from oakland to San Francisco. West oakland station is key here. A train got stuck. Yes. They thought they could move it but didnt move for an hour. I had a friend giving me a play by play. He was stuck on a train for an hour just waiting to move. He hadnt moved. We had supervisor senator scott weiner here in oakland and he said he was going to take bart back to the city but had to change his plans. Alex savidge is live at the west oakland station. A lot of people are h. To change plans because of these major delays. Reporter yeah. I can assure you, gasia, a lot of folks will be showing up late in San Francisco today. Hopefully their bosses understand. This is the scene here now at t
Meg is starting us off with the late sgles bristolmyers has been seen as vulnerable to potential activism of even takeover. You basically pinpoint the day this started if you look at it stock price over the last year. Look back to august. It had Clinical Trial results around august 5th that were very disappointing to the street on big lung cancer drug that investors saw as putting it as a slight disadvantage to competitor merck in the space. So carl icahn reportedly taking this stake, reported by the wall street journal yesterday. And Jana Partners wrung so new directors out of bristolmyers yesterday and 2 billion buyback. Icahn apparently think that bristolmyers is business and pipeline make it a good potential takeover targetnd in addition to opt divo it has several multibillion drugs as well as Rheumatoid Arthritis drug. A lot of people raising eyebrows about this takeover because it would be a gigantic deal. Bristol has market cap of 90 billion. Any premium would put it above 100 b
Capital. Mark have a look at where european equities are finishing right now. Function. Is the february, the in best month since december. , theauge, the benchmark stoxx 600 is up by 10 . Every Industry Group is trading higher, led by tech and auto. An interesting chart about russia. The trump trade sent russian stocks to record high fast. The index are more than any other stock gauge in the world in february. Ottoman octomom deflates under sanctions from trump and a further sign investor interest is starting to sour. The World Biggest etf that tracks russian equities logging its largest outflows in nine months. A slowdown in the pace of games and brent crude after surged at the end of last year, making stocks of Russian Energy Companies Among the worst performers this month. Slumping tok gauge the worst month since december 2014. Among major global markets, china h shares holding the best crown for february. Climbing almost 6 . Sinceonthly advance august as inflows from mainland inves
No chit chat. I stay focused. Since this is when the fundamentals really come to the fore and direct the overall direction of the market like today where the dow gained 29 points. Nasdaq advanced 0. 02 . Unfortunately its not all earnings weve got to deal with next week. Whats your game plan . Let me show you mine. Ive been saying that the fed is prepping us right now for a december rate hike, a big reason why this market cant get out of its own way and feels so sloppy. More on that later. Now, fed vice chairman Stanley Fisher will speak monday, and hes been a major rate hike proponent. I bet his new speech will cause this market to get hit. Hes hurt stocks virtually ever time hes opened his mouth in 2016. But fishers words will help some stocks, notably the banks, and bank of america reports on morning. The stock has been advancing of late, was up nicely today. Even though its still dirt cheap, i have to wonder if bank of america has gotten ahead of itself thanks to the excellent earn
Unfortunately its not all earnings weve got to deal with next week. So whats your game plan . Let me show you mine. Ive been saying that the fed is prepping us right now for a december rate hike, a big reason why this market cant get out of its own way and feels so sloppy. More on that later. Now, fed vice chairman Stanley Fischer will speak monday, and hes been a major rate hike proponent. I bet his new speech will cause this market to get hit. Time hes opened his mouth in 2016. But fischers words will inevitably help some stocks, notably the banks, which benefit from higher rates, and bank of america reports monday morning. The stock has been advancing of late, was up nicely today. Even though its still dirt cheap, i have to wonder if bank of america has gotten ahead of itself thanks to the excellent earnings today from jpmorgan and citigroup. Some terrific pin action in all the banks today. If bank of america gets hit, it might be the perfect way to play that rate hike that does com