Part of a key index. You see ftse is up there, attracting index of half a percent. Well have details. It sounds like baseball but i will have an impact on the market. Plus, new details on drama between two of the highest paid ceos. That would be viacom and cbs. Howard schultz says starbucks could be joining the rain, of cooled beer. Well hear from him. We ask Howard Schultz about that. We start with the big day in china. How they could get a nice pop after the close of trading today. Welcome back, bob pisani, hi. I wanted to stay in hawaii, but i came back because of you two. I want you to know that. Thats why i came back. Look. We may not get a pop in prices. Its the biggest indexer. Right now theyre behind the indices. So msci is in the process of putting all of the u. S. Listed chinese stocks in their indices. This is a big deal because china is becoming a part of the worlds economy. The second half is happening tomorrow. So tonight were going to see a lot of volume in these stocks
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
Welcome to countdown. Im anna edwards. Just on 6 00 in london, bright and early, lets get to some of the latest market moves. The fed commentary driving that. Ive got a chart that shows where the dollar has been. In the red boxes, can see the effects from the hawkish commentary weve been getting from the fed. Ill draw your attention to the comments we had over the weekend from the fed vice chairman Stanley Fischer saying that economic goals are close to being met and the market readjusting once again. Little more chance of a fed rate hike perhaps being factored into the dollar. Lets bring up the risk radar and show you currency markets. 94. 89, ar index at lift of 0. 4 . The work function on bloomberg suggesting a 22 chance of a rate hike in september. Not much change versus friday. Weve got dollaryen in there as well. The yen under pressure. Further chance of easing being flagged by governor kuroda. He talks about a sufficient chance of more policy easing. He talked about not doing he
10year note yield around 1. 6 and crude oil the story as oil prices down, as you see it right there. Maybe we get the fed moving before the end of the year, right as we come out of the jackson hole meeting. A look, though, at wti. Lets get to our road map this morning. On this late august monday. Mylan, the controversy continues. The Company Announcing a generic version of its epi pen. It is going to be enough to satisfy critics and congress . The herbalife Hedge Fund Drama man here we are, year three, four, five, ackman, icahn, going yet another round. On this battleground stock. Well have news from williams by the way responding to activist pressure and the proxy fight that is looming for the company. It nominates three new independent directors to its board. I will give you updates there in terms of what we can expect on that front. First, though, lets get to the broader markets. Economic data to consider this week includes fridays key job reports especially after yellens marks at j
Months in five years. What a reversal to open up just over 100 points. Now lets move on to whats happening overseas, particularly the atlantic sea. The german franks and the ftse. The 10year treasury note, lets take a look at that. Yielding 1. 83 . Not a big move there. Crude oil, man, up one day, down the next. We had a drop yesterday. Now were up 2. 5 . 39. 15. Crude oil kind of stuck in that 35 to 40 range now for a couple of months. Something to be concerned about. Our roadmap begins today with what else, janet yellen sending stocks to their highest closes of the year yesterday. What you care about, where do we go from here. Many people are still waiting on the friday employment datatoo come out. Were going to see two components, boeing and ge and well let you know what theyre doing and why. And apple. Theyre climbing out of bear territory, but the saga from the fbi far from over. Weve got to the very latest. But the meantime, the big story, your macromarkets, theyre poised to cont