Good morning, everybody. Welcome to squawk box here on cnbc but this comes after a backdrop of a pretty big decline on friday on friday the dow was down by 700 points and this morning its up by 200 points you have the s p up by close to 20 points and the nasdaq up by 26 but we are getting to the end of the month and thats when we start to take notice of what has been happening with declines that we saw on friday push the dow and s p 500 into negative territory for the month of june. If they want to make that up they have two trading sessions left before we get to july so over the next two days the dow would have to make up 1. 5 if it wants to be positive for the month of june. S p would be up 1. 2 its up by 2. 8 . Lets take a look at what has been happening with the treasury market the treasury yield the ten year is the one that we always pay the most attention to it seems to be yielding. 645 . And i think he is going to have interesting things to say too in terms of trying to put it i
Im sue herera. Cvs is a major player in the Nations Health care system and drug supply chain. Its also on the front lines of the epidemic. Tonight that company is taking steps to try and curb abuse of the drugs by limiting the duration and dose of some prescriptions. Cvs reach is wide. Through its caremark unit, the company manages medications for nearly 90 million people. Thats about 28 of the u. S. Population. Meg terrell has more now on cvs new rules for opioid painkillers. Reporter cvs health said today its taking new actions to try to curb misuse of prescription opioids. If we do limit exposure to these medications, well have fewer people who become addicted to them. And the fewer people who become addicted, theyll lead better lives. Well relieve human suffering and the number of deaths that occur. Reporter cvs says it will limit use of o to seven days. For chronic pain, cvs says it will put caps on the daily dose. They say its consistent with guidelines set last year by the cente
Do we call him dr. Sunshine. He likes to say dr. Realist. Allergan could be buying a it had a market cap of 90 million and theyre buying it for 1. 7 billion. All because the Bio Tech Companys progress in fighting a certain type of Liver Disease. We will look at what other companies could be takeover targets in that space because of this takeover here. We are keeping an eye on markets. The dow is up 50 . S p is up five. Nasdaq trying to participate. Lets get to our top story. Wells fargo ceos testimony on capitol hill you saw live here on cnbc. Testifying in the wake of the banks fake account scandal. Williford frost is in washington. He has been covering hearings all day today. And the hearing was far tougher for john stumpf summed up with this exchange. Have you returned one nickel of the money you earned while the scam was going on . And the board will i will take that as a no, then. Have you fired a single Senior Executive . I dont mean regional manager or branch manager. Im asking
Welcom welcome major news breaking in technology today. A Landmark Partnership to develop apps and Business Software for use by corporate employees on iphones and ipads. Both stocks moving higher in early post market trading. Well have more on this once unthinkable deal in just a moment. We begin tonight with after the bell earnings from two tech bellwethers, intel and yahoo. First up the computer chip maker intel. It reported better than expected revenues and earnings, net profit up nearly 3 billion on Strong Demand for personal computers and the chips inside them. Excludeing certain items, intel pulled down 55 cents a share, thats three cents better than analysts estimates. Revenue nearly 14 billion topped the forecast. Shares of the dow component rose as much as 3 in after hours trading. Seema mody join us us from the nasdaq marketplace with more on the results. Seema, when what is the take away from intel . Tyler, investors are talking about showing signs of growth in an industry t
Welcom welcome major news breaking in technology today. A Landmark Partnership to develop apps and Business Software for use by corporate employees on iphones and ipads. Both stocks moving higher in early post market trading. Well have more on this once unthinkable deal in just a moment. We begin tonight with after the bell earnings from two tech bellwethers, intel and yahoo. First up the computer chip maker intel. It reported better than expected revenues and earnings, net profit up nearly 3 billion on Strong Demand for personal computers and the chips inside them. Excludeing certain items, intel pulled down 55 cents a share, thats three cents better than analysts estimates. Revenue nearly 14 billion topped the forecast. Shares of the dow component rose as much as 3 in after hours trading. Seema mody join us us from the nasdaq marketplace with more on the results. Seema, when what is the take away from intel . Tyler, investors are talking about showing signs of growth in an industry t