Shazam is this an Artificial Intelligence play . Were going to look. Whats to buy ahead of tax reform debate on whether Airline Stocks could be the big beneficiaries of any tax bill. But we do start with the story thats taken wall street, main street, any street, frankly, by storm, and that is bitcoin. Bitcoin futures popping in their first full day of trading on the cboe Cnbcs Bob Pisani joining us with that story. Bob, everybody is talking about it. It is and its finally happened the good thing is at least trading has happened and relatively orderly we passed 18,000, folks. Bitcoin futures opened 6 00 last night eastern time, 15,000, moved up very, very quickly. Here you see its over 18,000. So its been small, 3,600 contracts, figure the math here. 17,000 p 17,000, 18,000 about 60 million. Thats not a lot but its a start at least heres whats important. Lets go over what exactly a futures contract is, why this is so important first of all, its just agreement to buy or sell a commodity
And im brian sullivan. Just three hours left in your trading week. Stocks are moving off their session lows, still we are in the red today. Dow down 65 points. The nasdaq and s p 500 also making slight losses. The biggest dow winner this week, the swoosh, nike up more than 4 . The biggest decliner, mcdonalds down 3 . Mcds now down nearly 8 over just the past 90 days, melissa. Brian, im melissa lee, heres what else is happening at this hour. Amtrak naming new ceo, previously served as chairman and ceo of norfolk southern. Crude oil pulling back slightly but still sitting in a bull market. Its up about 85 from this years lows. And team usa continues to dominate at the rio games with 100 medals in total. 35 of them are in fact gold. Weve got lots to get to today, but we kick things off with a developing story in the pharma world. Shares of mylon labs as the Company Increases the price of epipen drug fivefold. Bring in david from wells fargo. Thank you for being with us. Thank you. Weve se
You were one of those on the show, you were warning about the side effects of the health care law. How bad is it going to get . Its getting bad already. The unintended consequences are out of control. Look, people are going to get laid off. Were hearing that already cause Companies Just dont want to pay for health care. If you have a job, your hours might get cut to parttime or consultant. My brother just got hired as a consultant cause nobody wants to pay health car then there is the premium angle of it. We hear at news corps, our premiums are going up because it is getting more expensive. Everything is going to be affected by this and weve been saying it since the Canaan Nancy Pelosi said she had to read the darn thing. I know your criticism is they didnt read it before they passed it, but one of the big criticisms here is that there was no cost control in the law, so heree are. Well, its going to be that way. Health care costs are rising everywhere. Its a universal problem. The thin
You were one of those on the show, you were warning about the side effects of the health care law. How bad is it going to get . Its getting bad already. The unintended consequences are out of control. Look, people are going to get laid off. Were hearing that already cause Companies Just dont want to pay for health care. If you have a job, your hours might get cut to parttime or consultant. My brother just got hired as a consultant cause nobody wants to pay health care. Then there is the premium angle of it. We hear at news corps, our premiums are going up because it is getting more expensive. Everything is going to be affected by this and weve been saying it since the Canaan Nancy Pelosi saishe had to read the darn thing. I know your criticism is they didnt read it before they passed it, but one of the big criticisms here is that there was no cost control in the law, so here we are. Well, its going to be that way. Health care costs are rising everywhere. Its a universal problem. The th
The wall street journal today. Is this company failing to police its site and protect its customers, especially its young customers, from predators . Plus, a high tech way to steal your car. Police in chicago have their hands full with someone who has found a way to do it with some sort of mysterious black box that enables them to get the codes in those Keyless Entry systems. And weather of course is going to be a big problem from the west coast to the east coast. There you see a storm moving in out there. East coast west coast rain, east coast snow, ice. Middle of the country, maybe up to a foot. The forecast three minutes away. Lets go down to sue at the nyse. We start this hour with the stock picking prowess at the s. E. C. A new report is out showing how well employees at the securities and Exchange Commission can do while regulating everybody else. There are some nuances here and eamon javers is in washington with more on that. But we are posing the question whether really, the s.