Son to grow up and run a company in the manner that valeant was run. How do you respond . We made a lot of changes in the last few weeks. I have been on the board for about five weeks. We have a new ceo, joe papa, who is starting today. Today is his First Official day. Appropriate i should be on your show. The companys made some mistakes but i think where charlie is wrong, hes wrong to indict an entire company on the basis of a few mistakes and a leader that is no longer with the business now. And the 22,000 people work for this company, i think this is a Great Company. When you look at the one of the things i was sort of thinking about to give you a sense of context, think about when berkshire invested in Goldman Sachs. Goldman sachs had to be one of the most reviled companies in the country, accused of all kinds of bad subprime, misleading investors, every day another negative article. Feels like this is the same moment for valeant. It didnt stop buffett from making an investment in
We read the tea leaves on the data thats driving down the market this morning. Cbs and time warner are on the move both after reporting earnings. Were going to dig into those quarters. Well also talk to cbss chief executive. Tim cook calling the u. S. Government dysfunctional on mad money with jim. Well hear from the apple ceo and dig in on what last nights primary results may mean. Stocks are poised to open lower a day after falling to their lowest levels in three weeks amid concerns about slowing economic growth. Speaking of the economy, data from adp shows the private sector added 156,000 jobs in april, that is below consensus and marks the smallest increase in three years. 156, we were looking for 196. And everybody wants to know, jim, what this might mean for friday. Yeah. I think that were back into a mode which says this roving bull market that weve had in cyclicals maybe give that a break. Go back into the clorox market. Remember, it is just bull, bear, bull, bear, we rotated o
You can see . Morning the nasdaq is indicated higher by about 22 points. Nearing correction territory. Wti trading up about 3 . A pop of 1. 34 to 45. 12. Among the reasons for the surge in prices escalated fighting in libya thats disrupted production there. Some canadian pipelines shut down as the precaution after a wild fire shut down the oil city of forth mcmurray in canada. Weekly jobless claims forecast. James bullard is in Southern California today to speak about the economy and monetary policy. And alibaba and merck reporting results before the opening bell and also news corp, square and gopro after the close. And dont miss an exclusive interview with John Williams. That happens this afternoon at 1 40 p. M. On power lunch. Bullard an here a lot. He comes here a lot. If he wants to Say Something. He could some here and thats it. So many approximate of them the time that the if they really want to Say Something to us. Come here and do it. Else were not going to cover it. Fitbit Fir
Saying, diminishing economic bondit from the bank buying also seeing risks to financial stability, but we do not get a plan to unwind that tapering. We do not know what will happen with the penny. I was watching that this morning. It shows investors where progress is being made. In december, they did not come out with those sales. The market really facing a lot of trouble, we see it in all aspects of the economy. You see tiffanys blowing out numbers and jcpenney with risk. They did say it would improve this quarter. We will see. Cori is not shopping in the jcpenney corner. Continues to be in the news and ali baba is following the way china is really pulling out of the bitcoin system. Ali baba is banning bitcoin in transaction. The battle continues to go on and we look at this. Includes Mining Software and the. Are for the current the whole enchilada. Lets bring in our guest host for the hour, the man behind every single thing you have in your home. In the morning, a cup of joe. A crock
Lets just say it helps wreck any hope of reaching one more record high, at least for today. Dow back sliding 26 points. Nasdaq up. 01 . Why did Interest Rates start climbing after a period it looked like theyd been tamed . Why did it feel like we could be, yes, in for another round if were not careful of Mortgage Rate increases . Today i heard speculation that the reason for the jump and they did jump one thats kind of in sync with where we were a couple of weeks ago is that the feds starting the tapering debate once again. Im ending this debate right now. This is well, what to we deal with when we hear about the taper rate . Its on the fed and bernanke attitude that bothers me so much. I dont think thats the reason at all why rates went up. I think rates are going up because alas, they should go up. Yes, i think from what ive heard this Earnings Period, the economys getting well enough to suggest that rates might warrant higher levels. What makes me say this . Remember my ability is m