Down 3 today. You got the stories about the bending iphones. Now problems with its latest operating system update. Just how much troubling news is this for the tech giant . First, though, check in with sue down at the New York Stock Exchange. Hi, sue. Hi, ty. It is an ugly day down here. The dow down triple digits. The fourth straight triple digit move and something the dow hasnt done since mid april. Giving up all of yesterdays gains. Here are the numbers. Dow down 242 points. The low of the day down 256. S p 500 off 28. Nasdaq off 79 points. Leading the decline in terms of percentage moves. Russell 2000 laid claim to that earlier and come off of the worst levels and down almost 16 and the transports down 112 points on the trading session. Where Interest Rates are right now, 10year note, the yield trading at 2. 522 . More on the trading action. Bob pisani is with me. Bob, we start with you. Were just off the lows of the day. I think two issues particularly gotten a lot of attention to
We also have aman. What do we know now from the fbi. What we know now is the fbi is attributing this attack to the north korean government and what the fbi said in a statement is we can conclude that the north korean government is responsible for these actions. The fbi also putting out some of the details of why they know that but they say theyre not going to put out all of the details for fear of betraying u. S. Intelligence secrets here as they reveal exactly what they know about north korean computers and capabilities. Another interesting nuisance in this fbi statement is the praise here that the fbi has for sony in particular in the way its handled this. Take a look at the statement. They say sony reported this incident within hours which is what the fbi hopes all companies will do when facing a cyberattack. Sonys quick reporting facilitated the investigators ability to do their jobs and ultimately to identify the source of the leaks. Two things going on. One is that the fbi and so
Year. The country unveiling its highly anticipated budget. The indian budget i never thought when i was a young fellow, that i would be talking about indias budget, but here i am. The indian stock market up 7 this year. Outperforming the s p 500 and the dow. Soaring 40 after just the past 12 months. The question is will india deliver . Sima and bob. Tracking the big india etf. You first. Tyler investors are calling it a make or break moment. Tomorrow we will get the answer as to how Prime Minister modi who was elected on the promise of reform is planning to tackle some of indias Biggest Challenges and thats a lack of infrastructure. A complicated tax system. Not to mention, corruption. Now, if i understand wra wants to become the next manufacturing hub of the world, analysts say the country needs to spend more on infrastructure by investing in coal and power. It also needs to enable the private sector to lead the next wave of growth. Investors will be also looking for an update on mone
Alzheimers disease. Call your attention to one stock. Those would be the shares of biojin right now up 7 . Up 30 in the past three months at alltime highs now after releasing very encouraging data on an experimental alzheimers drug. Telling us about it at this time yesterday and shes now back with more detail. Hi, meg. Hi tyler. Incredibly High Expectations for this drug leading into today and analysts say biogin met and exceeded them. Shocking investors saying the medicine appeared to slow the cognitive declines associated with alzheimers and today how well the drug appeared to work both on memory loss and clearing of the am lloydoidloyd plaqued that build up in the brain. Next step, find balance between safety and efficacy. Results of early. Doctors are encouraged and important to note the drug was tested in patients at very early stages of alzheimers disease who might benefit if it reach ares the market. Next the Company Moves the drug quickly into a phase three study jumping over t
Tyler is out today, but as i mentioned, brian is live in l. A. They there, brian. Reporter hey, mandy. Happy friday. That comcast Time Warner Cable deal is off, disconnected, if you will. Comcast is the Parent Company of this network and it is ending its deal to buy Time Warner Cable. This is following regulatory scrutiny. Our ceo, Brian Roberts, on cnbcs squawk box earlier today saying it is simply time to move on. So where did it all fall apart and what now . David faber joining us with more. David . With its deal to be acquired by comcast no longer on the table, one of the key questions is what does Time Warner Cable do . The company will be report earnings next week well see how good they look and whether or not, of course Charter Communications, which had pursued Time Warner Cable so much so that it found itself in the arms of comcast eventually will come back to try to do that. Charter, for its part finds itself without any of the subs it expected to be taking in. Whether through