Into the close here. The action really occurred overnight. 9 00 we got word about Nuclear Tests by the North Koreans, and we also got word that china said its currency fix lower. I think that was a major factor. Modest expansion and new lows. Almost 200 at the nyse. Havent seen that in a while. The autonation ceo talking about the dealership. Thats a new low for autonation. The carmakers are being affected by that announcement as well. Whats holding up . This is looking a like 2015. Those old consumer names that did so well, the rentals and the conagras and the tysons and dr. Pepper, theyre the ones, again, fractionally on the positive side. Gold subpoena, and i do want to point out that while the Spider Gold Trust is on a fiveyear decline, the volume is fairly heavy today. Much heavier than normal. Twice the normal volume. Even though it may not be moving that much, guys, the volume interest is very high. All right, bob. Thank you very much. Bob pasani on the floor. More on north kore
Node join him. Im just going to give you the general argument about my new book, the long and disturbing story of corporations and catastrophe. I want to start just with a story. So in march of 1911 in a famous incident that many of you know, 146 young female, mostly immigrant workers died at the triangle shirtwaist factory fire in new york. And this event was, this event was precipitated by an industry that was highly exploy tative, the apparel industry. An industry where powerful garment firms, Department Stores in this case, contracted out to subcontractors to make clothing very cheaply. And the conditions in these sweatshops were terrible. There was everything there Sexual Exploitation of workers to very poor paid, safety issues. And the women went on strike in 1909 in whats called the uprising of the 20,000 in order to improve their lives. They lost on Workplace Safety, and two years later the cost of that was clear when 146 of them died. Because it was in downtown new york, famou
Up in the regular session about 4 . Its since come back in the electronic session. That has been a big influence on equities today. For that reason well see how stocks do into the close. Art cashin mentioned, there is a strong relationship between these two. Tmobile fighting back with its own plan. Books shares falling despite Strong Revenue and billings they reported last quarter. Ceo aaron levie is back with us. They just came public this year. We start with the markets. Stocks are up, now futures were down earlier today. China with a big growth problem, brazil downgrade, russia a mess and indias okay. A few years back somebody said these Brick Companies were great but when that brick is around your neck and the water is rising, that is not a good thing. You can drown with that brick. Im not bullish because i have problems with earnings growth, problems with multiples, all kinds of problems so i cant call myself a bull. If we have a 20 correction, i would buy. We have to come to cert
Sector. They are actively engaged in the process and the followon when you talk about a prime boost and the major vaccine, the boost being of followon in other Large Pharma Companies but they invested time and resources and opportunity. And that vaccine shows efficacy. And very much the Public Sector, and very clear this was public good. And the polio vaccines, certainly we expect the lions share of Product Development costs by Public Sectors that would be an equitable one. It comes through investment, engage in the product prices. We get into Licensing Agreements that is part of the licensing agreement. A point about the recent successes of got the, they have brought out Rotavirus Vaccine and h p the vaccine, prices under 5 a dose, h p vaccine under 3 per dose for a Rotavirus Vaccine and additional modeling work we would be bringing offline to put on the web site as soon as we finalize a little bit more. We looked at the cost per regimen in that range including implementation of 30 pe
Two different things. When you are looking at hearings, you will see more hearings in the senate that look like what you have been seeing in the house over the last several years. Administration officials being called from various departments and agencies to essentially get byed over the coals republican senators who are going to be chairman of these committees for the first time. You are going to see more critical hearings and hearings that are built around topics that are critical of the administration. In terms of legislation, you are probably going to see more markups and more consideration of bills at the Committee Level and when they come out of the last couple in the of years, bills of come out of committee and then sort of disappeared in a number of cases. What mcconnell is at least saying and what he said last coat newsnew conference that if a bill comes out on a bipartisan basis, somebody might actually see it on the floor. You also mentioned an open amendment process. How li