At the beverage company. A 19year cocacola veteran. Most recently president of the companys european arm. Shares are basically flat today. Year to date they are down a bit by about 2 . Sara eisen is with us live this hour from the new York Stock Exchange. Sara, this isnt only a story about coke today. A big controversy erupting over the Health Impact of the soft drinks. Yes. Scientists at the center of this weeks coke controversy is speaking out. Dr. Jaimes hill at the universiy of colorado says the recent media reports on his work vastly oversimplify a complex issue, he says, of fighting obesity. Coke has faced a firestorm of criticism this week after the New York Times reported monday that coke is secretly funding dr. Hills work which says that obesity is mainly caused by lack of exercise, not diet, not calories like those in sugary drinks. Well, thats not entirely true, says dr. Hill. He says diet is a critical component of weight control as are exercise, stress management, sleep an
At one point the dow was actually up triple digits. The closing numbers, the Dow Jones Industrials Dow Jones Industrials added 56 points to 20,663. The nasdaq rose 43. And the s p 500 was up eight. Bob pisani spent the day at the New York Stock Exchange figuring out why stoc [ bell ringing ] reporter yesterdays selloff was a oneday event, at least so far. Traders had been nervous going into the open because yesterday a lot of big institutional traders were selling stocks. The concern was that the big players would continue to sell today. That did not happen. Wall street strategists also do not appear ruffled by the wild ride yesterday. None of them were taking future stock gains, at least not yet. Jpmorgan told clients they were still raising earnings estimates because corporate guidance has really been strong. Elsewhere, an accident in times square in the middle of the day that caused the death of one pedestrian caught the attention of traders. But it does appear to be an accident and
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