Bloomberg television. Welcome back. I was on assignment for the week. Week but i didly not have a lonely week because so many people stepped in. Bill cohen was here. Was going to say you just made a fat joke. I was going to say i did miss you and i had an exciting week. I missed you too. But because i had help i wasnt lonely. It is great to be back. Today. A lot to cover lets start with the Global Business stories of the morning. Firmup led by the british bc partners has agreed to officially by petsmart. The deal is valued at a whopping 8. 3 billion. Out apollo beat global management. Petsmart has been hurt by competition from amazon and other retailers. Still boomingis in the u. S. Economy. Industrial production rose by the most since may of 2010. Reduction of consumer goods did even better, rising by the most in over 16 years. And a dubious record for the ruble. The russian currency was trading more than 60 to the dollar. This month it has fallen 18 against the u. S. Dollar. The cent
This point. Lets tell you about the big stories were watching this morning. A First Quarter read on the First Quarter gdp at 8 30 eastern time. Forecasters say the economy likely grew at a snails pace. Also the fed wrapping up its twoday policy setting meeting in washington. Announcement set for 2 00 p. M. Eastern time. No changses expected on rates just yet. Beyond the economy theres also a busy day in earnings central. We have Companies Set to post this morning before the bell mastercard mondelez and general dynamics. Also were continuing to watch the situation in baltimore. Things were quiter there. Demonstrators for mostly peaceful. Less than a dozen arrests compared to more than 200 on monday. Curfew ended at 5 00 this morning. Go back into effect tonight and we should tell you that todays baltimore airlines game will be in the afternoon and will be closed to the public. The teams weekend series against the rays will be played in tampa instead of home in baltimore. The next five g
And also one of the things that excites me is developing computer simulations and models so that you can actually study some of these devices in that context instead of in animal models or people in the early stages so that you can really number one manipulate things and play with it more but also reduce costs and potential risks to patients but still really get import information to again moved things that have promise into the marketplace and making a difference in peoples lives. So i think its a wonderful public credit partnership. Thank you for your leadership in helping to make it possible and we are very committed to working with it read we are seeing the benefits already and we see more importantly a foundation for lots more progress. Well thank you for your role in that and for your excitement about it. Senator enzi. Thank you mr. Chairman. I would like to revisit the goals you immediately identified when he took the helm at the fda modernizing how the agency considers new ther
Imus in the morning good morning, everyone. Happy hanukkah, Merry Christmas, we are in the holiday spirit. Nothing, but goodwill and good feeling today. For example, the Washington Post is celebrating the Record Number of women elected to the senate. Women may help break the gridlock, women are kland here another reason to cheer. Gas prices keep falling, more than a penny a day. When you say fill her up, its 15 less. Were not forgetting obamacare, trillion dollar deficit. No, no, its the time for family faith and joy and thats what Varney Company is about. Its friday, december 14th, here we go. Joe woods first day of. And his new boss told him twongs cook what you love, and save your money. Joe doesnt know it yet, but hell wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. Hell start investing eay, hell find some good people to help guide him, nd hell set mey aside from his first day of work to his last, which i
Confirms a possible deal with mylan. A merger could create a 23 billion company. Gloo and throughout the day, were at the workshop on the shores of lake como and theres criticism over the lack of action from d. C. Unimpressed about the with which the ecb is acting. Welcome to the show today. Plenty to come from the chinese computing firm lenovo, the brazilant development bank, good old richard koe will be joining us about an hour from now. Towards the end of the show, Luigi Zingales from the university of chicago. Jules is going to be there. Right now, though, we are just over an hour into the trading day in europe. Its all about the countdown to the employment report, as we know. The forecast is going to be 200,000. The numbers could be higher, 230, 240, Something Like that. Ahead of it, european stocks are weighted to the upside. Around about 6 3, thereabouts. Advancers currently outpacing decliners. U. S. Stocks down a little bit. The first fall in five sessions yesterday. Not far a