Numerous t if this deal sticks, it would be the first time in eight years that the group of Oil Exporters would lower output. And with that, the price of crude took off rising more than 5 , its best day in five months its not every day you see 4 and 3 moves in dow components exxonmob and chevron. And when energy turned, so it stocks. The Dow Jones Industrial average 18,339, and the s p 500 gained as well. Bob pisani has more on the oildriven rally. Best day since april 8th since an Oil Production cut in november. Not clear how much is being cut but reportedly a cap on total producti on 33 Million Barrels a day currently over 32 Million Barrels a day. Under the unclear who will be cutting and when. Does it sound nebulous enough for you . The cuts will more loon likely come from the saudis, theyre producing at record levels. Do you really think youre going to get a Production Cut out of venezuela . I so. Exxonmobil was up more than 4 , chevron up nearly as much. Both pushed the dow up 50
Afford or they can risk a loss they cannot door. That is why it is so urgent that we Work Together to get to the bottom of this. I want to focus my questions on some of what i think are the market breakdowns for lack of competition. We have to make some reforms. When your Company Bought the , that was 2007. How many were sold then . Much less than today. There is a lot of head scratching going on here. I totally appreciate that. There has been a lot of misinformation, understandably so given the complexity that many of you have acted out. Pointed out. Im going to ask you to get your graph out where the wholesale Acquisition Price is just under eight bucks. Then you go down to the bottom and that is the 50 per profit. That 50 sounds reasonable. , whoebates and allowances is getting all that money . The other between people in the supply chain. The pharmacy benefit managers, retail pharmacy, wholesalers and insurers. Provide,rvice they best it to negotiate a price with the pharmaceutical
Assistance we can for them to do that. My next question, a more difficult question. Im not suggesting any governmental problem. Murraya book by charles a little while ago. He talked about the moral decline of america. A lot of that moral decline, he focused on the underclass. Somethinge is not many people in my age group had when we were growing up, he focused a little bit on the upper class. Things that he focused on, which i think, collectively is not a huge amount of money, maybe it had a penny to each Prescription Drug you have, but i think it is bad for the fabric of society. I realize it is legal and i am not just targeting you because it is common across the board. It came up earlier that you are making whatever, 90 million, 20 million a year. That is a half cent off of every prescription you guys make. The point marie made was that made was it murray that chief executive got along making a lot less, and they make a lot less insightful companies around the globe. The point he ma
Has tried and failed to do numerous t if this deal sticks, it would be the first time in eight years that the group of Oil Exporters would lower output. And with that, the price of crude took off rising more than 5 , its best day in five months its not every day you see 4 and 3 moves in dow components exxonmob and chevron. And when energy turned, so it stocks. The Dow Jones Industrial average 18,339, and the s p 500 gained as well. Bob pisani has more on the oildriven rally. Best day since april 8th since an Oil Production cut in november. Not clear how much is being cut but reportedly a cap on total producti on 33 Million Barrels a day currently over 32 Million Barrels a day. Under the unclear who will be cutting and when. Does it sound nebulous enough for you . The cuts will more loon likely come from the saudis, theyre producing at record levels. Do you really think youre going to get a Production Cut out of venezuela . I so. Exxonmobil was up more than 4 , chevron up nearly as much
Has tried and failed to do numerous t if this deal sticks, it would be the first time in eight years that the group of Oil Exporters would lower output. And with that, the price of crude took off rising more than 5 , its best day in five months its not every day you see 4 and 3 moves in dow components exxonmob and chevron. And when energy turned, so it stocks. The Dow Jones Industrial average 18,339, and the s p 500 gained as well. Bob pisani has more on the oildriven rally. Best day since april 8th since an Oil Production cut in november. Not clear how much is being cut but reportedly a cap on total producti on 33 Million Barrels a day currently over 32 Million Barrels a day. Under the unclear who will be cutting and when. Does it sound nebulous enough for you . The cuts will more loon likely come from the saudis, theyre producing at record levels. Do you really think youre going to get a Production Cut out of venezuela . I so. Exxonmobil was up more than 4 , chevron up nearly as much