Cruise ship is being treated with an experimental drug made by Gilead Sciences. Hes in the Nebraska Medical Center in omaha. Overseas, virus cases linked to italy have spread to five other European Countries, and virus cases linked to iran have spread to iraq, afghanistan, kuwait, oman, lebanon and bahrain. Brazil is testing a man who recently visited italy. If a second test is positive, it would be the first case in latin america. Health secretary azar told congress quote, we cannot hermetically seal off the United States. The cdc says its not if it arrives, but when. Worldwide, economies are slowing, there is a fear of association with anyone who may have been in any way near a Virus Outbreak. Some borders are closing, flights canceled, hotels with any possible carriers, locked down. All right. Now lets show you the markets. Its all over the place. The dow at one point very early this morning was down over, well over 400 points. Now weve got a green arrow showing maybe a gain of 60 p
Now below 48. Roll back with china falling hard. The biggest drop in eight years. A 40 billion farm pa deal. Teva buying allergan and mylan and facebook. Its two price targets ahead of wednesdays earnings. The impact that is having on the nasdaq. First up this major selloff in china. The s p and nasdaq each coming a off the worst week since march. Jim, you have been fielding questions on twitter all morning long. Why the pain . You wrote, because we are china right now sample we are. I mean look i wish which werent. It was amazing to watch china roll over in the middle of the night and then see our futures unchanged. Thats just false. I mean the reason its false is because there is a link between minerals arc link between oil and us. So we have a lot of companies that i think arent going to do well with coin going down. More importantly the rest of the world, holly cow, is brazil going to take the product . Europe . You need to see europe get stronger, brazil not just kind of go away a
More details later in the forecast. Theres another cluster of legionnaires disease in the bronx. Fourth person has contracted the disease. Its disgusting. They are treating us like we are nothing. Reporter Debora Dobson says she is sick and fed up. For the fourth time in six months, Health Officials say one resident is in the hospital with legionnaires disease. They claim theres two people in the building sick in march, tested positive, but they are just telling us now. Reporter the Health Department said they have shut off hot water in the building affected until the water filters can be installed in every apartment. How do you tell people that something is in their building, you a feeling its here, but youre just telling us at the last minute. Reporter tests in two other buildings came back negative, but results are pending for five others. The search is on for a man who used a bicycle to steal an elderly mans wallet on the upper east side. He road up to the woman last month and grab
General Family Dollar tieup goes through, the combined company would have 20,000 stores in 46 states, a total of about 28 billion in revenue. Now, heres the important part the synergies on this transaction, which contrast to the other one and i know were talking about dollar tree and Dollar General and Family Dollar, its confusing. Dollar, dollar, dollar. Dollar, dollar, dollar. Heres whats happening. On the Dollar General Dollar General tree. On the Dollar General proposal, they would have 550 million to 600 million in synergies annually. That would happen three years after the close. That is in contrast to what was 300 million in synergies on the other dollar tree deal. Now, the dollar tree is a much Smaller Company than Dollar General, and thats one of the reasons theyre not able to have the type of synergies. A lot of analysts had wanted Dollar General to come forward with this deal. Were surprised that they havent. Apparently, if you look through some of the filings on the origina
Remember Jaz and Zip discs? Since the debut of the IBM PC, there have been many ways to store your data, and if you're geeks like us, you care about this sort of thing.