David, great to have you with us. Nice to be here . In your view what the odds that valeant befaults because it cant meet the filing deadline for its annual report . I think there is a meaningful chance that it happens. A couple things that i would upon out here. Without knowing all the specifics of accounting issues this is a company that has made dozens upon dozens of acquisitions. The accounting is highly complicated some. He when it comes to default, you really cant rule anything out. I think thats one of the reasons the stock is down as much as it is. Why did it take you so long to downgrade the stock . Why wait for the stock to fall 45 , lose 10 billion in market cap to tell people to sell the sell when the issues, the accounting issues, the levels of tent you flagged in their report they existed long before todays Earnings Report . I would just like to point out that we went to a neutral on the stock from a buy over four years ago and were telling people to take profits then. An
As Colder Weather is forecast for the coming weeks. As a result, triple digit gains on the dow and a 1 rise across the board. Heres a look at the numbers for you, the dow rose 192 points to the 17,720. The nasdaq spiked about 67. And the s p 500 was up nearly 22 and edging back into positive territory for the year. Bob pisani breaks down todays rally. Reporter stocks rallied today and why shouldnt they . Oil was up mo desly and europe moved up and closed near the highs. It was a good ralry with two stocks advancing for every one declining although on late volume. It was a broad rally. A it was enough to he s p 500 push the s p 500 into positive territory for the year. That is not a trivial achievement. A lot of traders and firms are in the same position, just on either side of positive or negative. A few Percentage Points rally in the final three days could make the difference between a positive or a negative year. Some of the most beaten up names in energy, exploration and Production
As Colder Weather is forecast for the coming weeks. As a result, triple digit gains on the dow and a 1 rise across the board. Heres a look at the numbers for you, the dow rose 192 points to the 17,720. The nasdaq spiked about 67. And the s p 500 was up nearly 22 and edging back into positive territory for the year. Bob pisani breaks down todays rally. Reporter stocks rallied today and why shouldnt they . Oil was up mo desly and europe moved up and closed near the highs. It was a good ralry with two stocks advancing for every one declining although on late volume. It was a broad rally. A it was enough to he s p 500 push the s p 500 into positive territory for the year. That is not a trivial achievement. A lot of traders and firms are in the same position, just on either side of positive or negative. A few Percentage Points rally in the final three days could make the difference between a positive or a negative year. Some of the most beaten up names in energy, exploration and Production
As Colder Weather is forecast for the coming weeks. As a result, triple digit gains on the dow and a 1 rise across the board. Heres a look at the numbers for you, the dow rose 192 points to the 17,720. The nasdaq spiked about 67. And the s p 500 was up nearly 22 and edging back into positive territory for the year. Bob pisani breaks down todays rally. Reporter stocks rallied today and why shouldnt they . Oil was up mo desly and europe moved up and closed near the highs. It was a good ralry with two stocks advancing for every one declining although on late volume. It was a broad rally. A it was enough to he s p 500 push the s p 500 into positive territory for the year. That is not a trivial achievement. A lot of traders and firms are in the same position, just on either side of positive or negative. A few Percentage Points rally in the final three days could make the difference between a positive or a negative year. Some of the most beaten up names in energy, exploration and Production
For a hundred reasons, but i think ive got the one that people understood is we bought l. A. Beach front, not seattle beach front. And ballmer gave out his email address to 4,000 plus fans that were in attendance. Were going to talk more about sports later in the hour. Also coming up, our dom true. He sats down with rory mcilroy last night. It was a busy need for rory pep appears on the tonight show. Tiger, will you be be my coach . Yeah. Im hitting the ball to find out for you. I love it. Youre my caddie. This is the best thing ever. Theyre in new york for the start of the barclays and the fedex cup. So a little bit of fun. Ive seen that interaction before. I guess he doesnt remember when we used to jump around like a monkey. Same act with microsoft and the stock prices stuck at 25 for like 16 years. If you buy a team, thats not really a new job. Its a team. His job is sitting on the floor and having starlets come up, dont you think . Yeah, you buy a team you want it to win. Hes a sal