Until he got on the board that he tried to leave the company in a position to recover starting with securing that Financing Deal last week. He told me he thinks they have excellent management and now an excellent board and that the investment was simply taking too much time that if shares could double t wouldnt move the needle enough to remain in the stock. Our josh brown was up tweeting about what he called the valeant depockal. What do you make of this story as we watch it unfold . Anyone who runs money will tell you the market gods do not like it when other traders take joy in the pain or the misery of someone who has just blown up or had a bad trade. I feel people who are in it and im sure they will be fine and it is a really, really bad loss. It is a debacle of a stock. It has been for some time, but, obviously, thats accelerated. Some will say as we look at this and ackman told me yesterday he didnt understand the issues at valeant and others say the writing was on the wall and i
Youre in new york. Are you okay there. They asked us to step outside for the beginning of the show but said no. I left my cowboy hat ott home so i couldnt possibly do it. Also you dont want to get assaulted by the tickle me elmos tackle me elmo. Theyre doing a whole show fromout side. Im Michelle Carusocabrera along with melissa lee. The wind behind us late winter blizzard is continuing to pack a punch, 72 million from West Virginia up to maine impacted by the storm. More than 6,000 Flights Canceled and the Weather Channel putting the hardest hit area from the storm here, dingmans ferry, pennsylvania. 24 inches of snow. Wow, we will have the latest on the storm straight ahead. First a check on the action on wall street. Stocks, theyre lower across the board, energy is certainly the biggest drive in todays session as crude oil touches its lowest level since november. 47. 32 a barrel. Fed kick off a twoday meeting and yield on tenyear treasury, 2. 6 , just a bit below right now. The wors
Biggest amount in seven years. Largely because of President Trumps pro business agenda. We have the full details on how it could impact your business coming up. Meeting with saudi Arabias Deputy Crown prince. This is on the heels of opecs new report showing conflicting data on saudis Oil Production. Saudi arabia directly reported to opec it increased Oil Production in feb to 10 Million Barrels a day. This conflicts with the secondary sources that saudi Oil Production decreased. Lets bring in brenda shav schaeffer from georgetown, university. An issue thats hurt oil prices before we go on to saudi and opecs impact and that, of course, is u. S. Inventory levels. Is that a genuine fear for oil prices . I think we have to look at the short term and the long term. The short term, obviously were seeing this is having a huge impact on the oil price, a very big dip down to november 2016 levels. So its the saudi data, the confusion about the saudi data and also the u. S. Inventories. If we look
Some trump tax returns are made public. We know what he paid in 2005 taxes. What does it all mean . And the Prime Minister of ireland joins us live. His country has hundreds of u. S. Companies meeting with the president tomorrow. Well find out what hes planning. First up, though, the fed is set to wrap up the twoday meeting. Fellow policy makers are going to announce a rate hike at 2 00 p. M. Yellen has a News Conference half an hour later. Trying to hang on to breakeven levels for the month, the story is going to be about the dots and the word gradual and business investment. I think you will hear a lot of people say, this could be the beginning of the 17 rate hi2017 that caused problems in the 2000s. We are at a low level. Youre not fighting much of a fed. I believe very strongly we have a much better tone of business in this country. There was an article today about lending and that lending is not that strong and i recognize that. But i have to tell you. The companies i deal with, w
Yes. Were ready. [ inaudible ] thank you very much, everybody. Thank you. Thank you. Mr. President thank you. Love it. I really love ireland. Ill be there. Absolutely. Thank you, press thank you, press thank you. All right, a short but sweet pool spray in the oval with Prime Minister enda kenny. It will be a busy day for the president with regards to ireland. Theyre going to have an annual friends of ireland lunch around midday, and then to this afternoon, a st. Patricks day celebration, in which the Prime Minister will present the president with a bowl of shamroc shamrocks. Oh, okay. Thats a nice tradition. I couldnt make out much except President Trump saying i love ireland. And that is the story here, right, a historic bond between these two countries, ancestral ties. They are our 15th biggest trading partner. We have a trade deficit with ireland. We have a lot of irish immigrants, and its a friendly relationship. There was a little controversy back at home, unpopular policies from