We are about 30 minutes into the training day in the u. S. We are right now on the second day of losses after fridays losses. That is happening in part fisher of vice chair saying potentially there may be a rate on the table for later this year. We are seeing this waiting on the boards right now. The dow is up i about a third. The nasdaq is closer to the zero line. Rate on the table for later this year. We are seeing this waiting on the boards right now. The dow is up i about a third. Ae nasdaq is the dow is off t third. We do want to talk about mergers and acquisitions because it is a true m a monday. Talking about visor and it bid for medivation. This is on track for a record close. Look at the function. It looks like it is at the highest jump since march 31 or so. Billion,valued at 14 81. 50 per share. A are gaining a Prostate Cancer drug. Analysts are predicting by 2020 will pull in 20. 3 billion. Cst, Canadian Tire up with brands, up by about 10th of a percent. This is in regards
Speaking out after abandoning his potential mega deal with allergan, calling out the treasury in an op ed. And jeff immelt taking on Bernie Sanders in an op ed of his own, saying we create wealth and jobs instead of just calling for them in speeches. Lets take dimon first. Jpmorgans jamie dimon warning increased volatility is likely to stay. He writes, the good news is that the system is resilient enough to handle the volatility. The bad news is that we dont completely understand why this is happening. Dimon discussed the banks healthy Balance Sheet, showed some disappointment in the Stock Performance compared to the benchmark over the past decade on the heels of that journal op ed the other day. Look, he talks about what the Balance Sheet really means. Best line in the letter was, you can see in the table below that Jpmorgan Chase alone has enough loss absorbing resources to bear all the losses assumed by the 31 largest banks in the u. S. Thats the good news. Bad news, you know there
Oil is on its way in about 90 minutes. As carl just said this morning we got news from alergan and pfizer walking away from a deal signed last year. One of the largest deals we receive in that center actually overall, in fact, and part of it done in part not just to try to fuel a growth but also to allow it to access cash overseas and bring it back to the u. S. And become a foreign taxpayer but on monday u. S. Issued regulations. This morning the u. S. Treasury at least was successful in doing just that, pfizer and allergan going their separate ways, allergan paying pfizer a 150 million fee over time theyve spent over the last few months in pursuing a deal together. Now theyre apart and going their separate ways. Were joined on set by Brent Saunders, the ceo of allergan. Thanks for being here. Thank you for having me. Its been a tumultuous couple of days. It has, yes. There was a call back in february. You were talking about the spread. You said, man, its baffling from my point of view
Most influential companies. Today they let it be known they are frustrated with the government and politicians. Ian reid, jeff immel and jamie dimon gave a vigorous defense of their companies, most of which are widely held by investors. Well start with pfizer. In a wall street journal op ed, ian reid slammed the treasury departments new tax rules which resulted in pfizer walking away from its 160 billion deal with allergan. This ad hoc attempt to single out and damage the Growth Opportunities of Companies Operating within the current law is unprecedented, unproductive, and harmful to the u. S. Economy. He said the broken u. S. Tax system puts American Companies like pfizer at a competitive disadvantage. And now to general electric. In an op ed in todays washington post, jeff immel took direct aim at some of the claims democratic president ial candidate Bernie Sanders has made against his Company Including the criticism that ge is destroying the moral fabric of america. Mary thompson ha
Most influential companies. Today they let it be known they are frustrated with the government and politicians. Ian reid, jeff immel and jamie dimon gave a vigorous defense of their companies, most of which are widely held by investors. Well start with pfizer. In a wall street journal op ed, ian reid slammed the treasury departments new tax rules which resulted in pfizer walking away from its 160 billion deal with allergan. This ad hoc attempt to single out and damage the Growth Opportunities of Companies Operating within the current law is unprecedented, unproductive, and harmful to the u. S. Economy. He said the broken u. S. Tax system puts American Companies like pfizer at a competitive disadvantage. And now to general electric. In an op ed in todays washington post, jeff immel took direct aim at some of ahe claims democratic president ial candidate Bernie Sanders has made against his Company Including the criticism that ge is destroying the moral fabric of america. Mary thompson ha