End by october. Was that the reason for the selloff . We dont know. Were going to talk about that. Nasdaq the biggest laggard by for because of the rout among the biotech stocks. Gilead sciences getting aot congress wanting to know about the pricing of one of their drugs. That sent investors scurrying out of biotech drugs. Steve liesman will join us shortly. An hour from now the president host egg tech bosses at the white house. This amid growing concerns about government surveillance. Among the ceos expected is Mark Zuckerberg. Well take you live to the white house and well speak to knows in attendance. And more developments in teslas fight to sell cars directly to consumers. Arizona, its one of the three states out there that currently outlaws selling cars without using a dealer, a middle man. But one state congressman in arizona is defying the car dealer lobby and pushing a bill to reverse that ban. That lawmaker will join us exclusively coming up on the closing bell. Perhaps arizon
To michelle. She has todays corporate stories. Pfizer abandoned its bid to buy astrazeneca after being rejected by its british rival. The move had been widely expected. Pfizer can return with another offer in six months or three months if astrazeneca invites it back in. Well talk more about this story with a pharma analyst in about ten minutes on squawk box. Top executives from General Electric and siemens had set to appear from the French Parliament today. Francois hollande will meet with ge ceo jeff immelt. Reuters reports that siemens is preparing a formal offer for alstom. That would mean a slightly higher volume on alstoms Energy Activities than the ge bid. But only a little more than half of ges cash component. All those deals. Was it astrazeneca that was resisting or was it political i think it was astrazenecas board. The other deal we didnt talk about, the deal that wouldnt be or hasnt happened yet. Apple and beats, the head phones. How upset apparently apple was about the vide
Im tired and not alone in feeling tired. We are trying to look at every single procedure we are, nonurgent, postpone those procedures. Some point soon our ability to do this will run out and then well be trying to decide who gets medical care and who doesnt. Start with the latest facts that the hour. Our country just recorded a devastating 162,000 new daily claims. Californias governor is pulling the emergency brake on virus reopenings putting some past restrictions back in place while l. A. s mayor is warning of a new level of danger. Iowas governor just made a 180 on the importance of wearing a mask. Kim reynolds issuing the states first mask mandate weeks after calling the coverings a feelgood measure and iowa senior senator 87yearold Chuck Grassley is exposed to covid19 and quarantining while he waits for test results so we have the reporters on the ground in hot spots all across the country right now. New jersey for starters facing a sobering new assessment of where things stand.
Marked to march 9th, 2009, five years ago this coming sunday, so happy pains bottom anniversary. A new report that Shows Americans have never been wealthier, but theres a catch. You had to be in the stock market to the benefit. Michael farr will be with us to make the case that you have to be in it to win it. Thats especially true for young people. We have the facts and statistics to back that up for us. Something he says is the case even at these levels today. If you missed out five years ago or five months ago, hell make the case for today. Could the crisis in the ukraine still end up being a speed bump for the market . Both sides digging in ahead of next sundays vote on who will control crimea. The current Prime Minister saying he will allow russia to take it back. If no one blinks, will is the stock market look vulnerable again . Also, what could be a gamechanging lawsuit in las vegas. It sounds frivolous. A gambler, he dropped half a Million Dollars, is suing to get it back claimi
Also sac is firing back at the u. S. Government. The wall street journal reports the firm sent a memo to all employees with a rebuttal to allegations that steven cohen failed to take proper steps to prevent Insider Trading. Sac says that evidence shows that cohen didnt read the email at the center of the allegations. That email in question is from august of 2008. The s. E. C. Says it reflected, quote, clear possibility that information about upcoming dell earnings was improperly obtained. The government says the email was forwarded to cohens office and home email addresses. In a report prepared by cohaens lawyer says that so many emails landed in his inboxes that he opened just 11 of them. Interesting. Dow component, dupont, if you saw the top of the hour, i dont know, i recorded something about it. We knew it was coming. Alan coleman will be on the show later today. At this point, it is either a there is some stuff in here. Some net numbers just one net number, 1. 11. The street 1. 27