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
That could bring down some tree limbs. Theres the first downpour heading into Warren County. Blaise town get ready for a downpour and over to hope as well. The lightning with that particular storm has had a history of producing lightning. The strongest storms are headed towards allentown but eventually into southern warren over the next hour. Its pouring over northern westchester and rocklin into putnam and orange county. And showers have reached morris county, and those first showers, although not as heavy could move into new york city within a half hour or so. Theyre moving right along. Thats the complete line. The future scan shows you what the radar will look line over the next hour. See the first showers in new york city but the main line getting to i287 by 5 00 and probably approaching new york city 6 00, again, confirming with our futurecast, i287, long island, connecticut, central and southern new jersey between 6 30 and 8 00, and then offshore and things quiet down. Heres what
Higher and the dow nsc s p have turned very slightly lower. Remember it is a holiday week so we see trade down there take a look at the bloomberg terminal for the various group volumes. Here is the zero line here. Anything going down from here means volume is down to one exception is health care where we are seeing Trading Volume 40 over thean the average past 20 days. A lot of it has to do with the deals announced in the industry. Pfizer and allergan, 100 60 billion. Our is technically buying pfizer so it can be domiciled in iowa and get the tax benefits but as we talked about recently, there are questions about whether the u. S. Treasury will clamp down on h inversions nearly inversions. Hillary clinton commenting today. This is a specialty battlingtical Company Recently along with valeant about concerns on the specialty model. The companys earnings estimates and we saw a Strong Demand for various medications streak, things like lupus and critically ill infants. See the shares of 7.
A strengthening u. S. Economy. For the First Time Ever the dow industrial average broke through the 17,000 milestone after news the economy added more workers, pushing the jobless rate to the lowest level in nearly six years. Employers added 288,000 jobs last month, the fifth straight monthly gain of more than 200,000 sending the Unemployment Rate this time around to just 6. 1 . Average wages are rising by 6 cents an hour. With the markets closing at 1 00 p. M. Eastern time ahead of the july 4th holiday, investors rallied. The dow was up 92 points at the close, a new record high of 17,068. The nasdaq closing at a 14year high and s p added ten. Thats also a new alltime high for the index. We have two reports tonight. Bob tells us about the dow reaching the 17,000 mark, and what it means for investors and the economy, but we begin with Hampton Pearson and a closer look at the june jobs report. Reporter junes robust employment gains are the latest evidence of a job market gaining momentum
A strengthening u. S. Economy. For the First Time Ever the dow industrial average broke through the 17,000 milestone after news the economy added more workers, pushing the jobless rate to the lowest level in nearly six years. Employers added 288,000 jobs last month, the fifth straight monthly gain of more than 200,000 sending the Unemployment Rate this time around to just 6. 1 . Average wages are rising by 6 cents an hour. With the markets closing at 1 00 p. M. Eastern time ahead of the july 4th holiday, investors rallied. The dow was up 92 points at the close, a new record high of 17,068. The nasdaq closing at a 14year high and s p added ten. Thats also a new alltime high for the index. We have two reports tonight. Bob tells us about the dow reaching the 17,000 mark, and what it means for investors and the economy, but we begin with Hampton Pearson and a closer look at the june jobs report. Reporter junes robust employment gains are the latest evidence of a job market gaining momentum