Positive signs on the economic front as the u. S. Nonmanufacturing index expanded and treasury yields breaking higher today much more on that move in just a bit. 59 minutes left to two in the session, and the dow is up more than 400 points. Thanks, sara. Lets get to the big stories we begin with amon javers. Reporter we dont know about the president s condition at this hour, but we know about his intent at this hour. He is ready to go home he has been at Walter Reed Medical Center since friday evening, and hes ready go he said, i will be leaving the great Walter Reed Medical Center today at 6 30 p. M. Feeling really good. Dont be afraid of covid dont let it dominate your life. We have developed under the trump administration, some really great drugs and knowledge. I feel better than i did 20 years ago. That came in the hour in which we were told we would get a briefing from the president s doctors explaining what his condition is exactly its not clear whether the president is preemptin
Amazon prime phil 16 billion worth of longterm debt to fund its whole foods acquisition. If amazon can sell fortyyear debt at these kinds of prices, why cant the u. S. Government . Sinks. Ck profit we are going to speak to its ceo right after that market open, archly, matt . Matt absolutely, and interesting results, including an almost 300 million a year loss from a cyber attack. It will be great to get the details on that. Here we see the intraday futures trade on European Equity indexes, up across the board, and some pretty solid gains in futures after we had pretty solid gains in the cash trade yesterday, especially the ftse and the cac. Do quite as well, but it is gaining in futures, so that may even that gain out. Continue tobuttons rise, so investors are going to risk off. This is a threeday chart, so you can see what the trend has been, and it has definitely been one of yields rising, prices falling as investors selloff the german debt. They have been doing the same with treasur
I will choose the u. S. Dollar, pulling back after the fed minutes yesterday and also investors pushing out the odds of the Federal Reserve rates. It is now done around three or sent from its most recent highs that it reached in july and yes, we are seeing the oil winning streak continue up for the sixth straight session. Wti trading above 48 per barrel. Opec meeting the expectations next month, also a part of it. We have been on an incredible roller coaster when it comes to oil prices. Take a look at a oneyear chart. Chart and mapped the top and bottom changes we have seen. From october to february, 95 rebound from february to this summer, a 20 rebound most recently. We have an incredible zigzag and you see the most recent zigzag is compressed in terms of time. On august 2 that oil reached its shortterm low and reentered the bear market. Are not seeing a lot of change. Stocks are bouncing around a lot of tight range today. The s p gaining a little theme, the nasdaq as well. Energy sha
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
Schatzker. Im Stephanie Ruhle, a cosco member actually. Are you . Im. I dont get there very often. Maybe i am not getting my 50 bucks worth. Our guest host for the hour, greg fleming, the president of Morgan Stanleys wealth and Investment Management businesses. No question we need to start with the markets. Clearly there was a lot of volatility last week. Yesterday seen aims seemed a little better but the dow today atdown 106, it was down 150 one point. This is volatility. What does it say to you . One thing i will say is in the Fourth Quarter in particular in 2013, really throughout the year, it was a very strong year in equity markets and volatility was down significantly from 2012, down from 2011. 2013 was a very benign year. May be abnormally benign. There are a few things on the horizon, including the fed and taper and topics we will talk more about. And markets are a little more antsy. When you look at a morning like today, specifically why did features turn as negative as they d