Offer. They say the 31. 2 billion offer is lower than the proposal, because mylans share prices have been inflated. The nasdaq surges to yet another record high. The index closed 7 10 . Strong earnings from google, amazon and microsoft helped fuel the gain. The nasdaq composite has almost quadquadrupled since march 2009. A time waster. A gambler, and an amateur. Thats how euro finance ministers described the minister. They made clear that greece cannot take any shortcuts to get additional aid. It was a very critical discussion. We came to an agreement two months ago and today, of course we had hoped to hear a result and an agreement on which we could then take a decision. And we are still far from that. He sees differently however. Here he is speaking after that meeting. We havent had full convergence yet, because otherwise we would have had smoke coming out of the chimney. But we are confident that we can have that. And in any case, it is our view that we have no right not to achieve
Here are the top stories we are watching. French air accident investigators looking into yesterdays german plane crash saying voice recordings survive the impact. They say this will lead to clues in seeking to explain the tragedy a full analysis may be months away. Graces Central Bank Governor speaking in london. He said greek banks must actively manage stressed loads. We will have more later in the hour. Facebook opening its messenger chat application. The app will be opened to businesses to communicate with customers and to make reservations. We have got less than an hour until the close of trading. We are looking at some of the action. We are seeing a selloff that seems to be accelerating. It seems hard to find out why. The tone hasnt changed much. Moving ever farther away from matching the record high. Chip related stocks are getting hit. Ibm, intel, microsoft. We know intel tells us the cycle has come to an end when it cuts its sales guidance. He analysts are talking about weak de
Cory dudley said recent economic headline head winds like the jobs report are temporary. New data shows the biggest part of the economy is holding up Service Industries. They are roughly on the same page as february. Real estate firms, rental companies and management support firms among those Service Industries report the strongest growth last month. President obama spent the weekend defending the Framework Agreement over the iran nuclear program. He said the accord does not mean the u. S. Will forfeit military superiority or fail to protect israel. Here is the president speaking to the New York Times president obama what im willing to do is make the kinds of commitments that would give everybody in the neighborhood, including iran, clarity that if israel were to be attacked by any state, that we would stand by them. Cory meanwhile, irans state news agency said the ayatollah had full knowledge of the nuclear deal. Some iranian hard liners criticized the agreement saying iran gave up to
Companies. Fcc chairman tom wheeler said the decision was in the best interest of consumers. A take over offer from my land myland rejected by perrigo. Mylan says that it was 8 higher. At combination with perrigo would help mylan avoid being taken over. China stepping up efforts to crack down on Insider Trading and market manipulation. That is according to a statement on their Regulatory Commission website. This decision follows wild swings in the stock market. Including a swing in shanghai on speculation the government would increase a tax duty. The greek finance minister at talks in latvia today. He made clear that greece cannot make shortcuts to get additional aid. It was a very critical discussion. We came to an agreement two months ago and we hope to hear an agreement on which we could make a decision and we are still far from that. Emily varoufakis sees it differently though. Here he is speaking to it afterwards. Mr. Varoufakis otherwise we would have smoke coming out of the chim
Were seeing right now. Were trying to parse that out. Thats what makes the markets so interesting. Lets start here as we head into the final hour with where we stand on the major stock market indexes indexes. The dow is up 168 points and remember weve had many, many more 1 swings this year than we had last year, and today by the way, weve had them in both directions. The dow is up about 170. The s p is up 18 points right now, nearly 1 there to 2085. The nasdaq adding 36. Its actually the underperformer on the session to 4,922. Well also and well get to this in a moment talk about what were seeing across the benchmark interest year 10year. Have to talk about oil as well. Very strong. I dont know if you can show oil right now, but last i saw it was up about 5 . Its now 6. 25 gain for u. S. Oil. Wti. Thats at 52. Brent north sea crude is at 58. That almost feels like a short squeeze. Lets all make sense of this. All of our guests today except rick are over at our set at the New York Stock