To buy the company for about 30 billion. Down es of shire lets move on to oil and gold today. All in the green. Nymex crude up 1. 8 at 4602 46. 02. Betty a check on how the bond markets are trading right now. Treasuries are falling on speculation that inflation will rise toward the fifth 2 target. Feds 2 target. Puerto rican bonds taking a dive. That is year to date, down 11 . Meanwhile, in the currency markets which have seen their own fall off, the dollar is falling from a fourmonth high. It is still stronger than most of its major peers. Lets get a look at the top stories at this hour. Shire making an offer to buy x axalta. For 30 billion in shares. 36 represent a premium of and valleys the stock at 45 per share. There is no deal on the horizon right now. Alta has failed to engage in substantive discussions. The company agreed today to buy ipc health care the all caps deal is worth 1. 6 billion. It were presents a premium of 30 percent 37 over the close yesterday. Ability toand its
Any index it is listed on. It is naturally a very heavy weight on the nasdaq. Swingingones backandforth between gains and losses. The same is true of the s p 500, down 3 10 of 1 . Taking a look at treasuries, we see some selling on the treasuries market, the 10year yield going up. The yield on the 30year going up slightly, 2. 88 . About oil. Alk this is fascinating. We finally see a green arrow here. Holding well under 50 actually, i am thinking of rent crude. 473ork crude is down at and rent it is just under 50 a barrel for brent crude. Mark time for our top stories. Shire is making an unsolicited to makensolicited offer a biotech company. Shire says it represents a. Remium of 35 but there is no deal on the horizon just now. Shire says becks also baxalta has declined to engage in substantive discussions over the new proposal. Matt and all cash deal to buy icc health care, representing a ipcs shareice of price yesterday. The man who has been overseeing George Soross fortune will leave
We continue to grind a little lower. Can i say that . Matt you may. Take a look at the Dow Jones Industrial average. The nasdaq, no, it looks like it is actually putting up some gains. That is interesting because apple has taken a hit. Apple stocks are down 2. 3 right now, almost three dollars. 115, 75 per share. Alix 104 million shares are trading in apple. A huge amount of volume youre seeing in that stock. Matt absolutely. Were headed toward a death cross on apple stock when the 50 Day Moving Average would come down below the 200 Day Moving Average. You technical traders, do not completely freak out. Alix i want to show you what is really moving right now. Aroundt big pop we saw 1 30. That was really dennis having an effect on the treasury market. He said in an interview with the wall street journal it could be appropriate to raise rates in september and that there is a jump in the shortterm yields that are very sensitive to any rate hike expectations are he did say there was a high
Coming to you live from bloombergs asian headquarters in hong kong. Checking in on markets in asia this morning to new zealand, we have the Second Quarter jobs numbers out with the Unemployment Rate coming in line with estimates at 5. 9 . Stocks currently rising 2 10 of 1 . 6536. Olding at we are counting down to the openings of australia, japan and south korea. Japan seeing downward trend. Down 2 10 of a percent. Futures now pointing to a slightly higher open. The dollar yen at 124. 35. We will stick with the markets with some relief for commodities and oil came back from a sixmonth low. That was not enough to lift equities in the u. S. Su keenan been tracking the action on wall street. Su we definitely salw oil rebound. We also saw stocks slide and th at was as you had to focus on earnings which continues. Results were negative. That stock got hit by about 10 . The real focus though has been on apple whose shares have been down since it reported earnings more than one week ago. It wa
Weekend. Greece wants the bailout talks to be done by early tomorrow at the latest. The key date to watch, folks, august 20th that is when greece has a repayment due to the ecb. And gloomy data on trait inflation. Investors show that beijing is about to roll out more stimulus. And watching oil. Prices falling for six straight weeks. Oil slightly low again. The latest lundberg survey shows gas prices down 11 cents over the past two weeks. That puts the National Average for a regular gallon of gasoline at 2. 71. Gas down 81 cents a gallon from last year. The dow and oil have gone in the exact same direction so thats why stock investors should care about oil. You know, its interesting because weve talked so much about how this is a huge tax cut for consumers. You just mentioned prices at the pumps down 11 cents at the pump over the last few weeks. You keep wondering when that payoff hits. We know what its done for highpaying jobs but its been less likely to show up in some of the weaker s