Good morning and welcome to Worldwide Exchange on cnbc. Im sara eisen. And im wilfred frost. Congratulations this morning to the villanova mens basketball team. If you went to bed early and missed the storybook ending to that game, what a march madness of upsets. The villanova wildcatings defeating the North Carolina tarheels with a buzzer beating threepointer to win the ncaa championship, even more amazing that game winning shot came just seconds after North Carolina nailed a three of its own to tie things up. A memorable final five seconds sure to go down in the history books. Well have much more on that and in sports more widely later this hour. One of the best finals ever, people are saying. Congratulations to mr. Cramer. Now to the markets. What we are seeing is a pretty sharp selloff, and it is global right now. Check out u. S. Equity futures. A tripledigit loss at this early hour for the dow. Dow futures down 08, s p futures down 15, nasdaq futures down 30. Nasdaq was the big la
Point is down by almost 2. 5 . The ftse is down by 1. 5 . If you look at the price of oil, which was under quite a bit of pressure yesterday, you can see this morning its down another 22 cents, sitting below 36. Lets tell you about some of the big stories were watching today. Perhaps the biggest right now is this one. Shares of allergan are plunging after the treasury and irs announced new rules to curb tax inversion. The two companies releasing a statement saying, quote, we are conducting a review of the actions. Prior to completing the review, we wont speculate on any potential impact. We should say that allergan is one of the Largest Holdings of some of the hedge fund community. Its considered a topten holding of about 80 hedge funds right now. So you might see a big impact in that stock this morning. The stock was down by about 21 . Im saying it may even be worse. Some of the people we know. Were checking the potential impact. Its down 60 points. Theres not a potential impact. Ther
Did you know there are only really five stops powering that index now . Well tell you about that and more. First, lets check in with sarah. Welcome, sarah. Thank you. Its good to see you and be with you as always. We have to begin with that potential deal between walgreens and rite aid. The pharmacy chain stocks all moving right now. This is just talks. Advanced deal talks according to the wall street journal. Supposedly theyre in talks right now. It had a noticeable infect on rite aid. I want to point out here, put up rite aid intraday here. 6. 24. Rite aid at 6. 24 just about 40 minutes or so ago. And we immediately got halted. And you can see the jump up after the halt came off to 8. 51. Whats important is walgreens even moved up on this. Sometimes the alleged acquirer moves down. Thats not the case. You can see that moved up as well. And heres a surprise. Even cvs moved to the upside. You would think this would not be necessarily great news for the competition. Even cvs moved up on
Im ali velshi and this is real money. This is real money. Youre the most important part of the show. Hit me up at facebook. Com ali velshi. Well have more on the huge bank of america settlement. Who gets that money . Will average homeowners see any of it . Thats later. But first the crisis in ukraine is heating up to a boiling point again. Today n. A. T. O. Sounded the alarm. 20,000 Russian Troops who deployed along eastern border. Troops who say troops could cross over ukraine to shore up russian rebels any time. With artillery and airstrikes thats the conflict going on there. But there are things heating up. Did moscow authorize ban imports. This is a low cost way for russia to hit the United States and European Union countries over sanctions. Russia isnt ready for the big thing, to cut off natural gas supply to europe in retaliation. In a minute well discuss why. This means russias new sanctions on the west likely wont have a the same bite. Russian economy teetering on the brink of