They doubled the price of it. There was a lot of attention brought to it. They reduced the price and brought out a generic. It has made everybody take a look at the industry of drug pricing. They do a good job of sort of explaining just how crazy drug pricing has become and how hard it is to fix the problem. Of course, epipens, it is widely used with people with terrible allergies, including myself. And it is necessary. It is also especially necessary for kids who have a lot of allergies. It used to be that you could get two epipens for 100 apiece. Now, 600 is a lot. What peter shows in the story is just how hard it would be to fix this. Which is sort of the excuse that the ceo of mylan made. What she was saying, the ceo was saying, you cannot they did not expect regular people to be paying 600. It was sort of the price that they were charging insurers and drug benefit managers. And the idea was that there would be negotiations. If you dont have insurance, or if you had a height inevit
Thats what investors seem to be saying as there was no fear of the fed, at least not today. Some of the pros on wall street said the market was reassessing whether the Federal Reserve will raise Interest Rates as early as next month. As a result, stocks closed higher with financials leading the way. The Dow Jones Industrial average rose 107 points to 18,502. The nasdaq climbed 13, and the s p 500 added 11. This bull market is more than seven years old and with stocks flirting with record levels, there is always a camp concerned with the pullback and naturally the bull carved thinking this is just getting. Mike santoli has a look into when the market is anything less. With stocks near record highs and bonds holding up well, is there anything more in coming years . On the surface, it might seem stocks are due for a pause since february thats capped off a fine fiveyear run. The late summer of 2011, the european debt crisis sent stocks reeling, the Standard Poors has learned ab average of
Hearings. Mylan ceo answering questions about the epipen price hikes. We have the highlights and low lights from that grilling. And new election poll out as we are days away from the first big debate. Well break down the latest data. First up, futures rising after wednesdays post federally. Heres janet yellen on why the fed is standing pat on rates instead of hiking this time around. We judge that the case for an increase has strengthed, but decided for the time being to wait for further evidence of continued progress toward our objectives. Our current policy should help move the economy toward our statutory goals of maximum employment and price stability. Of course those three dissents, rosengren clearly was not joking around. No. She said weve struggled mightily to understand one anothers point of view. Well, Steve Liesman had some fabulous stuff this morning on Worldwide Exchange just talking about this notion of unemployment, the percentage versus how much theyve really not been ab
Outlier. That is the close from friday. Theyre having a bank holiday in the uk. Finally, take a look at where we are on crude. Its been sliding throughout the morning. Its been in focus for equities here in the u. S. And across the world. Wti just slipped below 47 a barrel. Its down 1. 5 . Brent is trading roughly lower by about the same. That is below 50 a barrel. Scott . Loud noises at Los Angeles International airport causing panic late last night as many confused the sounds for gunshots. Passengers at lax were seen running from terminals on to a tarmac after Police Responded to 911 calls from many locations about a shooting at the airport. Around 11 45 p. M. Eastern time. Police conducted two sweeps and concluded the reports were unfounded and there was no shooting. In business news. Look for personal income and spending. On tuesday, we get the home price index and august consumer confidence. Wednesday, its adp employment report. Chicago pmi and pending home sales on thursday. Look
Right now the Dow Jones Industrial average is slightly higher along with the other indexes. The nasdaq is up for a third day. Also in the news, i. T. T. Educational services shutting down all of its schools, this after the government banned the company from enrolling students who get financial aid. The move will affect about 8,000 itt employees. And hurricane neuthen is barrelling up the golf of california, expected to make landfall over mexicos mainland before hitting the u. S. Later tomorrow. Melissa. Well, weve got a very busy two hours coming your way, but we start off with the race for the white house. 62 days to go until election day, and donald trump is on the attack over the economy. Cnbcs eamon javers kicking things off for us on this tuesday. Eamon. Hi, melissa. Get you started with a polling snapshot so you can get a sense of where we are as of right now the new nbc survey monkey poll out this morning Shows Hillary clinton ahead 48 to 42 in a headtohead matchup against donal