Authorizing Prime Minister may. We trade, to where a half hours until the open. Robert shiller Robert Shiller coming out and saying stocks are way overpriced. S p futures off by three points. Over 2. 6 r yield around the highest level since 2014. The dollar is a touch stronger as well as crude. I want to focus on what is happening in the u. K. You have the ftse 500 moving higher despite the fact the pound is getting hit or because the pound is getting hit. Up. 5 and dollar pound can dollar at an eight week low. He have to look at that weather you have to look at that to see i would be remiss if i didnt touch on valiant. This is a twoday chart all what happened yesterday when we heard they were selling out. That stock down 15 in nearing the record lows. How low can it really go . We will dissect to that later. David he doubled down and now it does it did not work out. Alix so much drama for so long and now he does it. David this morning in england, we had surprising news out of the bank
Today. Our road map begins with priceline. Shares falling what is driving the stock down . An 8. 5 billion deal creating a timber giant. And are big changes ahead at yahoo . Stocks make it a lucky seven. The three major indices in the midst of a winning streak. Small caps posted strong gains last week with the russell up 3. 25 percent. Jim, exports down 6. 9 in china, double the estimate. The consumer, this is what were focused on. Weve got singles day coming up. I think that will be the biggest day ever. Theres a propensity to recognize that maybe the government did the right thing by focusing on the consumer. The bulk rate shouwed you nothig will happen there. Theyre spending. Wage rates have gone up dramatically the last few years. Well above mexico. In china youre saying. Twice of what mexico is. They talk about 270 Million People in the middle class, theyre going 540 Million People over the next ten years. The numberses are incredible when you think about it in terms of where they
Things around for that group. And anadarko withdrawing its offer to buy apache, but others could be in play. We have a special report coming up. The ipad pro has officially been launched today. I want to know about the keyboard. Kelly wants to know about the pencil. We have someone who says tablet is too big to fail. A loaded description. And Harry Connick jr. Will join us here at the New York Stock Exchange to talk about veterans day, his latest album and the changing Music Industry. Hell be ringing the closing bell shortly. Looking forward to that. Well start with macys and jcpenn jcpenney. Courtney reagan has the retail detail for us. Macys results dragging down most of the Retail Sector today. While its earnings beat it, you see shares plunge, down more than 14 . On squawk box this morning, macys Ceo Terry Lundgren said he was disappointed with the quarter sales. Some of macys highest volume and most profitable stores. And unseasonably warm weather. Lundgren says macys will focus o
Television, happy friday. I am alix steel in for stephanie ruhle. He get that jobs number and the markets are we get that jobs number and the markets are inching their way higher. Of time for the news feed, the top stories from around the world. We havent seen a job market like this since 1997, employers adding 2007000 jobs for the six straight month in july adding 2007000 jobs for the sixth straight month in july 207, 000 jobs for the sixth straight month in july. Ford Beat Estimates while nissan, gm, and chrysler came up short. And a big takeover in the slot machine business. It represents a 38 percent premium over the Closing Price yesterday. Investors are breathing a sigh of relief. For more thand 300 points for its first day for its worst day since february. We are asking where do we go from here. We turn to rick reader. Ofsees over 700 billion fixed income at blackrock, the Worlds Largest asset management. We did this last month, we hope we can do it every day going forward. Your
Stories this morning. Deal news dominating this morning. Valeant ends the buyout deal for allergan. They made an unsolicited deal last spring. It looks like the soap opera could end, 210 is more than they expected. Hackman and valeant are going to share the profits that ackman has reportedly made with the stock at 40 . This is a winwin situation because of the way he structured this. But valeant shareholders effectively split the profits with ackman. With the purchase there. Thats pretty interesting. We will see what they can do. I think that 210 is sort of a knockout blow. But because the expectation was that valeant could only go to 200 or 205. Valeants ceo said they were going to be getting great tax benefits out of the deal. So the question is, what does ackman get out of this . Did you just say that the stock is at 213 . I could be wrong. There could be a higher bid potentially. Wow. There it is. Look at you. Always good to be right. Well, i dont know. Maybe theres more to be had