And more importantly what you should be doing or not doing around it. We begin with big breaking headline shares of Johnson Johnson are higher after an oklahoma judge ordered the company to pay 572 million for its role in the National Opioid crisis however, that number, 572 million, far less than some expected meg tirrell is live outside the oklahoma courthouse where that decision was handed down less than one hour ago. Meg . It may not sound like a positive headline but j j stock is not reacting that way the judge found Johnson Johnson accountable for creating the states opioid epidemic, saying it created a public nuisance but they were ordered to pay 572 million. Now, the state had asked for 17 billion over 30 years. Now, that 572 million accounts for one year of what they call an abatement plan to try to fix the Opioid Crisis here in the state. Theyre saying here in the 42page decision that the state didnt provide sufficient evidence of the amount of time and cost necessary beyond y
More relevant than others. On television and online, cspan is your unfillerred view of unfiltered view of government so you can make up your own mind. Brought to you as a Public Service by your cable or satellite provider. Now, the Senate Finance Committee Examines the u. S. Mexicocanada trade agreement. Former agriculture secretary tom vilsack, along with a panel of trade and industry representatives, testified on how the usmca could impact the average american as well as how it differs from the 1994 north American Free trade agreement. Meeting will come to order. We welcome our witnesses. Were here to have testimony from a range of industries to tell us about the importance of the United Statesmexicocanada agreement, and we soon are referring that to always as usmca. We look forward to hearing from our witnesses about the significance of the agreement to american businesses, both small and large, the workers, the farmers that we all represent. Thank you for being here. Mexico and can
2. 39 and nasdaq worse its all about the bizarre action of the bond market. You got to remember the bond market is a lot larger than the stock market even though unemployment is at the lowest level in 50 years. Something disconcerting happened with bonds earlier today the benchmark tenyear treasury had a lower yield than the twoyear. Thats a highly unusual setup. Havent seen it since the Great Recession of 2007. We have memories the yield in the 30year treasury has fallen to record lows again that is piercing as bond yields fall off a cliff, they are taking the stock market with them. Why . Because of president the bears will say any team we see treasures like this, a recession follows. So even if things seem fine in the economy now, there is a wide spread fear they wont stay that way and things could get worse in the future. Now, i think that could be a misread of the current situation, but i can no longer dismiss these concerns given the pronounced moves in bonds we saw monday and to
Outperforms european rivals with earnings that beat estimates. We speak to the ceo, bob dudley, in just a moment. Back to the table, chinese trade negotiators hope the u. S. Hosts the u. S. Trade team as huawei reports earnings. Mexicos president says he wants lower rates to boost. The economy is not growing as we would want it to grow. On the other hand, there are no risks of recession. Matt less than a halfhour away from trading across europe and in the u. K. Im looking at a fiveyear chart of the pound. We are getting back down to the 2017, asit in 2016 and the likelihood of a hard brexit seemingly increases. That is not affecting equity Index Futures in a negative way. Take a look at equity Index Futures across europe after the gains that we saw in asia. We still see gains in ftse futures, as well as cac futures. However, dax futures are still down this morning, although just marginally. Euro stocks, ftse futures indicating a flat open. What are you seeing on the gmm screen . Anna l
Over to police. Were live in san jose this afternoon, chris nguyen, abc7 news. Chris, this is happening about what five minutes from every green . But this is typically a relatively safe neighborhood, right . Reporter thats a great point, ama. We were speaking with neighbors who say theyre very active on next door on social media and have a Neighborhood Watch program in effect. So neighbors here are just absolutely stunned. Theyre devastated and at a loss for words. Chris, thank you so much for that update. New developments with a San Mateo County kidnapping case from 95. Kevin lynn on the run for 22 years has been convicted in the kidnapping of kristenc hu. Prosecutors say he and two other men kidnapped the 9yearold girl in hillsboro and demanded a ransom of 800,000. Threw they released her after 12 hours not getting a ct wynn captured new los angelesing in 2017 and prosecutors say he was the br s to this day. Protests are being held in San Francisco and planned i. C. E. Immigration r