Claims came in better than expected, 709,000 signaling more improvement in the labor market. And treasury yields dropping sharply following yesterdays bond market closure. Thats putting pressure on banks, which are among todays worst performers though still strong performers for the week 59 minutes left in the session, sara every sector firmly in the red. Ahead on todays show, chipotle unveiling its first ever digital only restaurant this week without a dining room or a line for ordering we will speak with the ceo brian noccol about the strategy there. And Jeremy Grantham said he thought the market was a mccoy bubble we will get an update on his that it is since those comments. Disney, pal an tear and cisco reporting after the bell we will bring you the numbers as they happen. Mike, whats the market dealing with. Contending with worries pileup of news on the shutdown, on the virus, maybe getting worried about what growth is going to look like in the First Quarter or two the s p 500 was
Dep. Atty. Gen. Rosen good morning. I am jeff rosen, and i am pleased to be joined today by vermonts u. S. Attorney, christina nolan, new jerseys First Assistant u. S. Attorney, dep. Atty. Gen. Rosen ok, good morning. I am jeff rosen, and i am pleased to be joined today by vermonts u. S. Attorney, christina nolan, new jerseys First Assistant u. S. Attorney, rachael honig, our acting assistant attorney general for the Civil Division, jeff clark, and the eastern texas u. S. Attorney, steve cox. This morning, subject to court approval, the department of justice is announcing a global resolution of our criminal and civil investigations into the opioid manufacturer, Purdue Pharma, as well as a civil resolution with members of the Sackler Family, who comprise the shareholders of the company. H members of the Sackler Family, who comprise the shareholders of the company. Before we address the specific terms, i want to provide some context of how todays announcement fits into dojs wider efforts
Rosen announced Purdue Pharma agreed to plead guilty to criminal charges and pay more than a . 3 billion in fines. The settlement also includes members of the Sackler Family, owners of Purdue Pharma, who will pay additional fines for settlements. Dep. Atty. Gen. Rosen good morning. I am jeff rosen, and i am pleased to be joined today by vermonts u. S. Attorney, christina nolan, new jerseys First Assistant u. S. Attorney, rachael honig, our acting assistant attorney general for the Civil Division, jeff clark, and the eastern texas u. S. Attorney, steve cox. This morning, subject to court approval, the department of justice is announcing a global resolution of our criminal and civil investigations into the opioid manufacturer, Purdue Pharma, as well as a civil resolution with members of the Sackler Family, who comprise the shareholders of the company. Before we address the specific terms, i want to provide some context of how todays announcement fits into dojs wider efforts to address th
Californians. Reporter californians applying for unappointed benefits will have to wait pick the States Employment Development Department has halted taking new applications until october 5. A two week reset while they switch their updated online Identification System and moved to id me. This comes after a strike team put forth recommendations to update the service. They have been plagued with issues with so many californians applying for caliph fournette an appointment benefits at once. Theres been a massive backlog in claims because so many people are out of work. The former edd director says some very significant action needed to be taken. And i think there is reason to say this new approach with the Identity Verification that at least is claimed to be able to reduce the manual claims which are holding up the process from a 40 to 10 . Reporter with maidla proces which led to that bottleneck here it will still take months to catch up. Part of the statement reads, i am concerned this i
Fortt and sara eisen is joining us, working a split shift. The biggest loss for the dow since july 30th. Were back to 34. 30. Had a pretty good nice opening, john, as we got that trade deal commitment, the phone call between the reps between the u. S. And china then Consumer Confidence hits and it was just not enough to offset the best number for new home sales since 2006. Yes some things still creeping higher you see amazon a bit higher. Microsoft up about a percent alphabet, too. Adobe hitting alltime highs earlier this morning, which just goes to show, there are certain story lines in this market, sarah that continue to do well for sure, naturally, the s p 500 is positive because of those groups communication services, consumer discretionaries, financials are higher and the nasdaq just topped higher, john, as squawk alley started as Technology Goes green. I would just say on the consumer, this is a mixed picture were getting. Confident was down, all of the components of it, carl, we