Sunglasses he is wearing there. Or maybe not. I think people will buy them. Under armour making a big push into asia. We have more with the company ceo and with stef curry and live coming up. Sarah, staying up late with us. I told you, the da test that completely changed my life a couple years ago and the book i wrote about it, plug, plug, plug, today we are looking at big business of genome sequencing. The cost is plunging. But there are some people still willing to pay 25,000 to have their whole genome sequence. I noticed we dont have griffeth in quotation marks. Not today. I know who i am. And we will talk about the value of his company and latest news in drug pricing, joseph papa coming up next hour. Meantime, the stock market sitting here down 23 point. A lot like yesterday and all of the last several weeks here, the beige book out today which didnt enlighten us again too much about the economy. Job openings at a record high. In terms of some movers today, on the apple news, look
Futures echoing their tone before the opening fade. Europe with some pretty nice gains at the moment. Oils in the green as goldman now getting a little more positive on crude. A large part of this morning, jim, is about stocks reacting to the ecb the way you thought they were going to yesterday again. We have got to stop with this process. The traders take our stocks up because europes up. Europes up because the dollar is up. And then the dollar goes down, so their stocks sell off, so our stocks sell off. People add midday realize, wait a second, the dollar is down. Lets go buy stocks. I know people dont think thats conceivable. Thats exactly what happened. And the rally was entirely because the dollar fell. You now the dollar getting stronger, no reason to buy stocks. Chasing stocks at the open will almost certainly be a success unless the one wild card is will oil go higher because the iea says the bottom is at hand and the goldman call, by the way, which is worth reading, says were
Well break down all the mergers and acquisitions and wheel talk to miles white about his 25 billion of st. Jude. A strong Earnings Report after the bell yesterday, the company shattered estimates and is proposing a new sale structure. And well take a look at how the day on wall street is shaping up. Lets get to m a. The deal valuing st. Jude at 85 a share. Lets keep a close eye on abbott labs stock. They expect to add to earnings. Wheel have an interview with ceo white. And a crossborder hostile for medivation. We have plenty in the world of health care so to speak. Jim, lets start off with abbott. By the way, they also have this olear deal on tap. That kaem prior to them signing a confidential agreement late in february to get this deal done on st. Jude. Theyre talking big accretion. Im looking at a stock that is down pretty dramatically. Its a cash and share deal. So it is going to have the effect of hurting the overall value of the deal. 4675 in cash and. 8708 shares of abbott. Lets
Crude that was the story yesterday. Look at that. You were just at 50. We were just pushing 50. You saw the latest caseshiller home prices, they were just released at the bottom of the screen. San francisco, denver, portland have the biggest home price gains. Lets get to our road map this morning. Earnings, earnings, earnings. Alibaba higher in premarket after profits and revenue beat expectations. Yahoo goes up when alibaba goes up. Mixed results in from dupont, ford and u. P. S. The cfos of u. P. S. Will be up later in the show to give us more insight. Pfizer, merck, bristolmyers all beating consensus and boosting fullyear guidance. Take a closer look at pfizer. Those were particularly good numbers. Lets start off with alibaba, up sharply in premarket. Posting better than Third Quarter results. Revenue up 32 . Strong growth across the board, particularly in mobile. Yahoo owns stake in alibaba, it will be putting that in a separate company, hence it goes up, almost as much as alibaba
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