Failing schools and trump goes after it today. Another record for stocks, 18,636, thats the alltime closing high. If youve got a pension plan, 401 k , ira, inheritance any money in stocks, youre doing remarkably well. Good news, olympians are running away with medals and bad news, they get money for winning and its taxable. Varney company is about to begin. Yes, it is. All right. Look at your money. This is how were going to open up on wall street about a half hour from now. Down for most of the indicators, but thats not a big seller. Remember the dow did close at its umpteenth record high of the year. Oil, 45, 46 a barrel. Theyre talking production freeze to limit supply. Oil up, print money and stocks go up. Thats the general rule. And were sitting on a string of records. I dont know how many people actually saw it coming, its a surprise to most people. Its a surprise that corporate earnings arent that exciting and i have to say that the economy is not booming and stocks are expensiv
Stories this morning. Deal news dominating this morning. Valeant ends the buyout deal for allergan. They made an unsolicited deal last spring. It looks like the soap opera could end, 210 is more than they expected. Hackman and valeant are going to share the profits that ackman has reportedly made with the stock at 40 . This is a winwin situation because of the way he structured this. But valeant shareholders effectively split the profits with ackman. With the purchase there. Thats pretty interesting. We will see what they can do. I think that 210 is sort of a knockout blow. But because the expectation was that valeant could only go to 200 or 205. Valeants ceo said they were going to be getting great tax benefits out of the deal. So the question is, what does ackman get out of this . Did you just say that the stock is at 213 . I could be wrong. There could be a higher bid potentially. Wow. There it is. Look at you. Always good to be right. Well, i dont know. Maybe theres more to be had
Good afternoon and welcome to the Cato Institute. Im the director of the center for constitutional studies and your host for this event. I want also to welcome the cspan audience and those of us those who are looking at the event on cato Live Streaming in the archives. We are here to discuss religious liberty as it may or may not be exercised in the context of the modern Business Corporation pursuant to statutory and constitutional law. More immediately, we are here also to mark the publication of the new book on the subject from religious liberties for corporations and i note the title ends with a question. In the the book our two main speakers today, ilya shapior and david gans discuss hobby lobby and the blockbuster decision of the Supreme Court handed down at the end of its last term which rejected the obamacare regulations that provide employers sponsored healthcare plans to provide, which required employersponsored healthcare plans to provide free contraceptive coverage. Its base
States takes very seriously the safety and security of our allies. 4 believe is has been critical to our success. Well obviously evaluate these two other proposals moving forward and obviously, you know weve been in direct touch with russia to make sure they understand, and they do, about the potential concerns we have. Reporter and building off darlenes question, you cant get into specifics with the Prime Minister and how obama would respond. What can you tell us about the deliverables, expectations, whats the goal of this meeting . Secretary earnest well, the goal is to continue the deep coordination that exists between the United States and iraq. This is a partnership that the United States has obviously deeply invested in, and our success in working with an inclusive Iraqi Government has been important to some of the security gains that iraq has realized against isil in the last few months. There obviously is a a lot more work that needs to get done and we need to work closely with
Connell we will talk about it in more detail, but it seems they should be allowed to check in. You cannot discriminate for other reasons. Lets check things out at the new york Stock Exchange. Nicole good morning, connell and dagen. Good morning, everybody. Today is fed day. Everybodys waiting to find out what they will or wont tell us this afternoon. A whole panel put together to wait those facts. The dow and s p are posting gains. The loss of more than onetenth . The dow looking good with a gain of one quarter of 1 , s p 50017. 82. Exxon and chevron among the leaders. Oil stocks doing well. They have been pulling back on the big picture. A lot of people waiting on the fed. Connell the state of the economy, a new gallup poll showing a gap between the national satisfaction. Dagen personal satisfaction for us get a 79 are satisfied in their personal lives, just 23 are happy with the state of our nation. Former White House Press secretary under president george w. Bush. This difference is