Our reporting, apparently the team at sab miller is set to order a halt to integration with ab inbev. According to reporting by Thomas Buckley, sab miller management has asked employees to stop work on integrating its operation. this is according to people familiar with the matter. The cash portion of its offer for sab miller, but there were investors not content with the level of that offer. You can see anheuserbusch shares falling off as these headlines across. Sab miller had already closed in London Trading when the story came out. It is not as heavily traded that is the disclaimer here. We also sought reaction in multiple cores. That is the Company Expected to get the remaining portion of its joint venture with sab miller and United States if this deal goes through. We saw those shares falling off as well. We will bring you any develop its that we have, but it would obviously be a big deal at this deal did not go through. What about the Broader Market . Seems as stocks were shruggi
The dax is up. Its up by about a quarter percentage point. If you want to check out crude oil prices today, yesterday giving back some ground. Relatively flat right now. Down by about 4 cents for wti. Dropping slightly this morning as major producers down play the chances of an output these at this weekends meeting. Separately, the International Energy Agency Cutting its estimates for Global Demand growth in 2016. And it is another busy day for Economic Data and earnings reports. Were going to have weekly jobless claim at 8 30 eastern time. Expect it to hold steady. Filings have been 300,000 for about 58 straight weeks now. Also at 8 30, were going to get the march Consumer Price index, headline cpi expected to tick up about 0. 2 following a decline in february. Now, atlanta fed president Dennis Lockhart is also speaking today. Were going to have to wait to see what hes got to say about all this. Also, for earnings, look for results from bank of america, blackrock, wells fargo, Delta A
175 in the third quarter. Investors looking at this positively so far. Alibaba up about 5 in the premarket. It is down about one third, more than one third since the high it reached shortly after its ipo in 2014. The stock has not done well. Jon up 3. 5 premarket on alibaba. Even if youre not interested in the company, to get a gauge of what is happening in china. Your scorecard, futures firmer in the u. S. , up 61 points. Points. D 7, 8 in london, pretty much flat. Switch up the board, the dollar on the front foot against some of the majors including the euro. On the backs first against the Commodity Currencies with wti up 45 and . 19, 3. 2 . A rally on treasuries, yields got a little bit higher by one basis point to 1. 79 , over 24 hours away from payroll friday. Here are stocks to watch with matt. Matt in europe, gains. I want to highlight two of the biggest gainers. Refining is what is helping them and chemicals. You see a rally. Bt group rising. The former monopoly of the u. K. Co
It is not going to last long but with the wind whipping drifting create add cross road and there will be slick spots as temperatures are falling below freezing now. Wind are gusting to 35 in philadelphia gusting to 40 in i should say poconos gusting to 33 miles an hour in wilmington. Temperatures falling in the 20s this evening. Wind chills will plunge as well. By 9 00 oclock wind chillies 11. By 11 00 p. M. It will feel like four. In the city going below zero in many locations overnight. For more on the deep freeze and whipping wind that will get worse lets go to my collogue meteorologist Carol Erickson in cherry hill. You had some snow as well, right. We certainly did, cherry hill inside of a snow globe about ten minutes ago and it wet the road. Visibility was way down. You find that in snow squals. Looking at the mobile weather lab we have a temperature of 32 degrees. That snow squall dropping temperatures down to the freezing mark. As we head over to route 70, cars are moving along
Alzheimers disease. Call your attention to one stock. Those would be the shares of biojin right now up 7 . Up 30 in the past three months at alltime highs now after releasing very encouraging data on an experimental alzheimers drug. Telling us about it at this time yesterday and shes now back with more detail. Hi, meg. Hi tyler. Incredibly High Expectations for this drug leading into today and analysts say biogin met and exceeded them. Shocking investors saying the medicine appeared to slow the cognitive declines associated with alzheimers and today how well the drug appeared to work both on memory loss and clearing of the am lloydoidloyd plaqued that build up in the brain. Next step, find balance between safety and efficacy. Results of early. Doctors are encouraged and important to note the drug was tested in patients at very early stages of alzheimers disease who might benefit if it reach ares the market. Next the Company Moves the drug quickly into a phase three study jumping over t