Premarket. The company forming a special committee to review allegations about its business relationships. Analysts call going on now. Mixed review for yahoo first ever live stream of an nfl game. And trump speaking out in a town hall today on the today show. First up, the dow, s p, nasdaq each aiming for a fifth consecutive week of games. The s p up more than 8 this month, vaulting back into positive territory for the year. As we said, a busy week ahead. A lot of earnings including results from apple, pfizer, merck, exxon, dupont, starbucks, twitter. The twoday fed meeting, on wednesday, right here on cnbc, the republican president ial debate. Coverage at 5 00 p. M. Eastern time. As far as stocks go, jim, october remains the best month since 2011 for all the major indices. We have seen an incredible rotation out of health care, out of retail after the vf corp numbers last week. Into industrials. Into technology. The financials have held up fairly well. Not great. Not bad. Insurers hav
Have we ever. There is a lot more coming up, though, here from carnegie melon. We have a couple of big interviews for you. Earlier i spoke with a major donor to the school, Hedge Fund Manager david tepper and asked him about the rumors he was in solar play sun edison yesterday. Here is what he had to say. People probably smoke a lot of marijuana out in your viewing audience and people on twitter because i dont understand where stuff comes from. I have never talked about stocks on this program. We havent had any big positions in my book for a year. I just was i mean, really truly there must be good gone cha coming into the country. We will have more on teppers comments. Was that a no . Well, but he said he hasnt had a big position in it. He seems pretty dismissive. The comments i think we have to let stand for themselves. By the way, cmu board member ray lane who is a Venture Capital giant Kliner Perkins is coming up in just a bit. Weve enjoyed your many interviews from carnegie melon t
Decade. Shares of the gap falling hard in premarket adding to the companys double digit stock slump. Shares of valeant and malinckrodt are lower. Still down in the premarket. Well have the latest on that scrutiny of and by citron. And in a few minutes, Mary Jo White will join us from d. C. Whats at the top of the regulators to do list . Stocks are set to open lower after rate hike concerns helped to extend the s ps losing streak to four and sent the dow back into negative territory for the year. Transports remain 12 below an all time high. Utilities down 15. A lot of signs that maybe we lost the momentum we built in october. I think we did. Norfolk southern up big yesterday on chatter of the possible bid, didnt seem to matter, the transports. No. That bid itself may be highly unlikely given the regulatory impedime impediments. People go, of course, theyll let that go. We need railroad in this country. Both class ones under the Surface Transportation Board, unlikely. Well see. I said so
Come at 8 30 eastern time and at 10 00 wholesale trade. Well be getting Quarterly Results before the bell. Okay. Lets tell you about some of the stories that were watching this morning. Valeant said to hold a Conference Call at 8 00 eastern this morning. Its going to be providing a Business Update to investors and take questions. Town more than 40 since the short sellers report was published on october 21st. That report accused the company of fraud compared to drug pricing. Now that same short seller now focussing on did i mispronounce it you tell me. How would you pronounce it. Mallinckrodt. I thought i came close. Good for you. They call citron a far more defe offender. Shares of that company dropping near a two year low yesterday. The Company Tells cnbc its fully confident in its Business Model. They will join us live to talk about it. Also in tech news this morning, apple ceo tim cook is in italy today speaking at the university in milan. He was in london yesterday for the launch o
And one of valleys biggest defenders is out defending. And u. S. Special forces heading to syria. Will this add more uncertainty and volatility to the oil market . Before we tackle that one, lets go down and touch base with sarah eisen. One stock everybodys watching today. Shart of valiant pharmaceutical. Down more than 60 in the last three montes. The Company Fighting defending its Business Practices of the. And also today. One of valiants biggest investor s ackman, olding a cal to hold his stake. With the Specialty Pharmacy philidor. Activities raising questions about the companys Business Practices. This comes after pharmacy benefits manager cbs care mark, express scripts all said last night they are terminating their relationships as well. Citing non compliance with the terms of his agreement. And last week saying it acquired an option to buy the Specialty Pharmacy at the end of 2014. Valeant said 40 of flowed that the channel. And a lot of investors questions valeants decision to