Jennifer humbug. There is big news on the environmental frown front today. So first bp, the worlds Third Largest oil Company Announced it was going to pay 4. 5 billion in fines and plead guilty to 14 criminal charges connected to, of course, the giant oil spill in the gulf of mexico. Thats number one. Meanwhile, in new york, the president surveyed the damage from hurricane sandy. Of course, which was everybody knows, precipitated by Climate Change. He met storm victims in staten island, one of the areas hardest hit by the storm. 23 of the 43 deaths in the new york region related to hurricane sandy. They were on staten island. Obama during difficult times like this, were reminded that were bound together and we have to look out for each other and a lot of the things that seem petty differences melt away and we focus on what binds us together and that we, as americans, are going to stand with each other in their hour of need. Jennifer in fact, there is new political coalitions emerging f
Moment hasnt come. Twowe can rethink the past this future and why he did not take the ceo at microsoft, samuel paul masato. We are looking at a huge increase in shares of mankind, a pharmaceutical maker. It doesnt actually have any drugs on the market. The first could be its in held insulin diabetes treatment. It will get fda approval but it has an important step and shares are just about doubling in one day. Another big game today is for intuitive surgical. Shares were up even more yesterday when he did get fda approval for its da vinci surgical robot. Upgraded shares of intuitive. Privateducation, the forprofit Education Company coming out with earnings that beat estimates. But at the same time disclosing a subpoena from the department of education looking for records all the way back to 2007. A lot of these forprofit Education Companies have come under fire from congress. Lets get to our big story. It is the battle for your living room. Amazon is launching its new streaming device,
Toyota jumps from california sinking ship. Low tax texas the new corporate home. We are about to begin. Stuart lets start at the top, shall we . Apple, the company is borrowing 17 billion to fund the Stock Buyback Program even though it has a ton of money overseas. If it brings the money back here and get taxed 35 . Charles payne is with me this monday morning. Up 17 points today or Something Like that . Nothing to do with oral and money and not paying taxes, everything to do with earnings. My question to you, 2 trillion out there overseas not coming back. Charlie you cant get it back. The money past overseas where it is created. To be hit again is just completely 1000 unreasonable. I dont care where you are, you start to say what kind of incentives to we have for american businesses to bring this money home . Stuart if tim cook who runs apple was to bring back 90 billion from overseas to fund this stock program, his shareholders would sue him because he has a financial responsibility
They arent expected to grow much when First Quarter profit reports start coming out tomorrow. Send small children out of the room, we warn you as we show you these numbers. The dow down 166 points. The nasdaq completing its worst threeday slide since november of 2011. It was off another 48 points today. Falling to a twomonth low. And the s p 500, it hit an alltime high just a week ago but today down another 20 points, capping its worst threeday slietd in two months. We have two reports on todays selloff. Bob pisani at the New York Stock Exchange but we begin with sheila at the hardhit nasdaq. Despite the overall losses, some traders were encouraged by todays action. Pointing to pockets of strength from sectors that were recently under pressure. Biotech, for example, which has been a weak sector, did see a bounceback today. The nasdaq biotech index hosted a gain in companies ended the session on an up note. Also socalled momentum stocks that consistently move in a direction regardless o
So do earnings. They arent expected to grow much when First Quarter profit reports start coming out tomorrow. Send small children out of the room, we warn you as we show you these numbers. The dow down 166 points. The nasdaq completing its worst threeday slide since november of 2011. It was off another 48 points today. Falling to a twomonth low. And the s p 500, it hit an alltime high just a week ago but today down another 20 points, capping its worst threeday slietd in two months. We have two reports on todays selloff. Bob pisani at the New York Stock Exchange but we begin with sheila at the hardhit nasdaq. Despite the overall losses, some traders were encouraged by todays action. Pointing to pockets of strength from sectors that were recently under pressure. Biotech, for example, which has been a weak sector, did see a bounceback today. The nasdaq biotech index hosted a gain in companies ended the session on an up note. Also socalled momentum stocks that consistently move in a direct