Continues. Bayer will buy america consumer over the counter business for 14. 2 billion. Also the two companies are establishing a have a teemgic collaboration in cardiovascular diseases. And this will vowill involve me paying 2 billion to bayer. But again, the big headline here is the 14. 2 billion deal for mercks over the counter consumer business. Why is there so much deal making going on in pharmaceuticals . This has been incredible. Weve seen a swap from glaxo and novartis. This is a way for companies to hone in on what theyre good at. Were hearing a lot of pharmaceutical companies saying they need scale, they need to cut costs and they want to be number one or two in positions where theyre playing. So areas where theyre a little bit smaller, were seeing these asset swaps. And now of course this is all set against the backdrop of pfizer making its 106 billion bid for astrazeneca which is eclipsing Everything Else going on in the industry. But this is a big deal for merck and one it
Saying, diminishing economic bondit from the bank buying also seeing risks to financial stability, but we do not get a plan to unwind that tapering. We do not know what will happen with the penny. I was watching that this morning. It shows investors where progress is being made. In december, they did not come out with those sales. The market really facing a lot of trouble, we see it in all aspects of the economy. You see tiffanys blowing out numbers and jcpenney with risk. They did say it would improve this quarter. We will see. Cori is not shopping in the jcpenney corner. Continues to be in the news and ali baba is following the way china is really pulling out of the bitcoin system. Ali baba is banning bitcoin in transaction. The battle continues to go on and we look at this. Includes Mining Software and the. Are for the current the whole enchilada. Lets bring in our guest host for the hour, the man behind every single thing you have in your home. In the morning, a cup of joe. A crock
Multibillion dollar mortgage settlement deal has reportedly reached an impassion. The New York Times says the talks stalled after bank of americas latest offer of more than 12 billion fell short of what prosecutors were demanding. Apparently it fell far short, too. 12 billion isnt enough, i dont know what it would take to settle this. Take a look at that stock, down by 8 cents. In housing news, mortgage politics rising by more than 10 on the latest week. There was an increase in purchase and refinancing applications. Joe . Joining us now to talk more about House Majority leader eric cantors surprising primary defeat is cnbcs chief washington correspondent john harwood. There you are my pren. I could approach this from about ten different angles. Everybody in washington is. The establishment gop seemed to reasserting itself in a lot of different places. Obviously it couldnt do so in this part of virginia. A lot of people were talking about immigration, and that might have been his fatal
Overshadow jobs. Retail sales for november. Expectations are for an increase of 0. 6 . This gueives us a very good ide of whats happening in the early shopping season. Ahead of those numbers, the futures right now are indicated lower. You can see right now those dow futures down by 16. 5 points. S p futures off just over 2 points. And on the earnings front, lululemon is expected to record at 7 00 a. M. Eastern time. The expectations have been for 41 cents a share. This after the ceo was forced to step down after making comments about the pants arent made for everyone. Shares of lululemon right now, down about 6 cents. Lets get over to andrew with more of todays stop top stories. Good morning. Thank you, becky. As joe was mentioning earlier, Hilton Worldwide will begin its first day of trading. Hey, squawk box. Thats hot. Thank you very much. Youre pricing at 20 a share. Thats the high end of the expected range. The offering raises more than 2. 3 billion and its trading under the symbol
Before ultimately closing in the red, dow giving up points, nasdaq losing. 29 . But we arent getting destroyed day after day either, though as you would expect from all the commentary, right . You would read that, hear it, you would think that all earnings have been uniformly terrible. Its not true. You know why the markets not getting killed so much . Because as much as we want to paint the earnings canvas with a brush of red ink, there are pockets of green that keep us from getting drubed badly here. Those pockets have one quality in common, execution. When i speak about execution, what i mean is some companies are winning even as others faced with similar circumstances are losing. Sell, sell, sell there are enough winners to keep the balls in the air and the bears at bay. And those winners are triumphing because theyre doing a better job in their daytoday business than the losers. The ceos are better, the companies are better. Hey, its just like sports teams. Some guys make the play