Volatile month for equities. Why the s p could rally another 9. 5 from now until the end of the year. They are the most loved stocks on wall street and apple is not one of them. Weve got the list for you. We begin with what could be a major breakthrough in the battle to contain ebola, a vaccine being developed in record time proving to be highly effective in fighting or warding off that deadly virus. Shares of the two Companies Involved in the Drugs Development are moving higher at this hour. As you see it there, newlink genetics and merck. Cnbcs pharma expert meg tirrell with the very latest. That vaccine being developed by merck has shown to be 1 00 effective in preventing ebola. According to a interim analysis of a late stage study being conducted in guinea. Experts say the results need to be confirmed and the studies are ongoing but they call the news encouraging with the w. H. O. Declaring the world is on the verge of an effective ebola vaccination. It was used in the 1970s to era
Our billion dollar buyer, tillman furtita, notching his first win as the owner of the rockets on Opening Night for the nba. He did it in thrilling style the former commissioner, david stern, will join us. The anthem protest Team Valuations and much more this slamdunk addition of power lunch begins right now there is nothing wrong with the slamdunk addition if i could do it, i would do it all the time i am brian sullivan. Nobody is feeling blue about these markets. Your money is now just 3. 5 away from dows 24,000. You can thank ibm, big blue adding about 80 points to the dow on one of its best days in decades. We will dig into ibms big quarter. The ipo of the day is a chinabased micro lending company. Nothing micro about its gains. It is soaring in its debut allergan all on the move anthem rallied to help ensure creating a new pharmacy benefits unit michelle im michelle carusocabrera. Here is what else is happening rising sea levels are threatening nearly 1 trill worth of u. S. Homes,
And breaking to night, a massive manhunt is over. A suspected killer captured after a deadly shooting spree in two states. Now fox 29 news at 10 00. Breaking news, a man wanted for shooting six people across two states is captured after hours on the run. Police brought him into custody in newark, delaware. Tonight we talk to the people right there as he was arrested. Thanks for joining us im iain page. Im dawn timmeney. Lucy is off tonight. Scary situation unfolding all day and all night. Right now, fox 29 news bringing you Team Coverage from newark to wilmington, delaware. We begin with our Chris Oconnell live in wilmington with the very latest. Chris. Reporter well, dawn, ten hours after police say he opened fire on his maryland workplace, 37yearold radee prince is in custody tonight after they say he killed three people and injured three more in two shootings in two states. Tonight, he is in custody being questioned by Wilmington Police detectives after a day long tense search for a
1st. Is that what the date was . The fear gauge hitting the lowest level in more than two decades. The volatility index closing yesterday at 9. 77, the lowest level since december of 1993. I cant imagine thats not a place where you would buy. Though normal stocks that hit new lows what do they do . Hit more new lows. Stocks that hit new highs, hit more new highs. It can only go 9 more lower. Yeah. This only happened five times ever. Having always thought in a contrarian way that complacency and when people get participants get bullish, you worry. Call ratios, you worry. Percentage of investment services. If its that complacent i admit, okay, its not going to be le pen, but the world at this point, theres nothing that were not thinking about that could happen that could throw us for a little bit . It scares me. The flip side is if premiums are so low, you can buy insurance and remain long or replace your stock with calls. There are different ways to use this to your advantage to remain
To the downside. This chart of oil. We see the plunge. And lets look at the spike we saw a earlier for oil, at the highs of 2 on a very bullish department of energy report, a bigger drag down for Oil Inventory and gasoline than we expected. But look at the plunge near 1. 20 that scarlet told us about them and we are eying a report that says that the shaft needs to drop by possibly around 150 rigs. Traders are not liking that, but stabilizing above zero at least. F the half a percentage point lets hop into the bloomberg and look at what is happening sector wide here. We see energy is now near the bottom, taking a look at some of those movers in the future. The point we want to make here is that first of all, we have already. Wereong ago, financials higher but now all sectors in the s p 500 are trading lower, and on the bottom, those real estate and telecom companies. That is not something we often see. Fluence, the bonds selloff is showing the 10 year yield is spiking higher. Up five ba