The first officers heard the gunshots and they still ran through that theater. They do an amazing job protecting us every single day. Im grateful for their heroism and i think well hear other stories from folks inside the theaters as details come out. Were switching gears this morning. We have breaking news right now. It is now official anthem is buying cigna for 188 in cash and stocks. The transaction valued at 54. 2 billion on an enterprise basis. This of course, a transaction thats been long in the making. Weve talked about it over and over as other deals have come and gone. Weve seen etna now merge with humana. There will be issues and questions in washington about regulatory questions, about consolidation. Just to give you a couple quick breakdowns, its 143 per share in cash 0. 5152 shares in anthem stock. You might remember this deal was held up for at least a bit because of questions about the roles of the different ceos in this. Questions about what was going to happen to David
Fluctuating between small gains and losses. Investors uncertain about what is next. So much to deal with whether it is geopolitical tension, hurricanes or d. C. A bit edgy on the week. The three major averages are on. Ace, but weekly losses pa bigger moves are happening when we go across Asset Classes. The 10 year yield down six basis points. Haven bonds are rallying. Pretty extraordinary. Two months ago, we had the 10 year yield at 2. 4 , now closer to 2 . Tripping what we have seen out of the election when rates initially backed up, shot higher, now returning. The bloomberg dollar index down six days in a row. The lowest level since 2015, down about 10 on the year. The dollar index on pace for its worst year since 2003. All of this replacing the somewhat obvious dovish commentary from mario draghi, dragging the dollar. Both of these Asset Classes dragging on the banks. Look at the regional banks, down 3 come on pace for the worst day since may. This is a concern to some strategists o
To teach or not to teach . The Hungarian Prime Minister defends a law that could shut down the university founded by george soros. We take a look at the controversy over foreign money, education and politics. And the u. S. President s takes president takes his axe to taxes, a new program for businesses and individuals, but the president still have to get the plan through congress. Brent i am brent goff. It is good to have you with us. China has reacted angrily to the u. S. Installing a controversy oh antimissile Defense System in south korea. The u. S. And a south korea insist the system is necessary to counter the threat from a Nuclear Armed north korea, but china says the system undermines its own security. The Chinese Foreign minister has urged all sides to ease the tensions. While in washington, the senate is being briefed on the options of that the white house has. Correspondent not Many South Koreans are happy about the missile Defense System being built, it will be operational w
Im wilfred frost. And seema mody in for sara. Good morning, will. Good morning to you. Lets go straight to Market Action this morning. Off the back of a strong finish to a tough week last friday. We saw decent gains on friday that meant the weeks performance was respectable. Declines but the nasdaq down more than. 5 . S p and dow just down by. 75 . For the week as a whole, seven out of 11 were negative led down by financials which turned in the only performance of all of the sectors of more than 12 decline. A this morning, as you can see, were bouncing back from that decline last week. The dow pulled high just shy of 30 points. Lets look at oil prices because they turned in a resounding poll week. Up about 5 for the week as a whole. Back around 50. And adding gains as you can see, have the 50. 8, the fwries ofpri crude. Exports in japan rising 7. 5 in april from a year ago. Below the 7. 8 annual growth. Exports abroad are being driven by the weakest in the yen that weve seen earlier th
And the guy who put billions of dollars to work in shale. What does he see as a potential growth opportunity. If you are shale, you have opec doing the heavy lifting now. Totally. Jonathan you should be very happy with that. Crude does not stabilize. These are the stores this totally. Jonathan morning scores this. Eurodollar stable. Yields higher by a single basis point on the 10 year. David time for the morning brief. We will get data on the u. S. Economy. Weekly jobless claims, wholesale inventories and the advanced good trade inventories for april. Brainardrnor lael takes part in a discussion on the Global Economy in washington. Thejim bullard speaks on u. S. Economy and Monetary Policy in tokyo. At 1 00 the u. S. Treasury will sell 28 billion in sevenyear notes. Coffee. W we have opec extending production after last years agreement failed to limit the global oversupply. Said nineoil minister months is a very safe bet. We found out that nine months with the same level of production