Social media. On twitter, cspanwj. On facebook, it is facebook. Com cspan. A very good saturday morning to you. You can start calling it now. Having this conversation after a historic week when it comes to opioid litigation. On monday. T happened the drugmaker Johnson Johnson was found to be was on support for contributing to oklahomas Opioid Crisis and ordered by a Court District judge to pay 572 million in fines. On tuesday, Purdue Pharma was reported to be in talks to pay between 10 billion and 12 billion to settle some 2000 opioidrelated lawsuits brought by states, cities, and counties. This was the scene in that oklahoma courtroom when the judge announced his decision in that Johnson Johnson case. [video clip] the Opioid Crisis is an eminent danger, and my judgment includes findings of fact and the law of the state mets its burden that the defendant, misleading inson, includingection one, the finding that those actions compromised the health and safety of thousands of oklahomans,
Responding. And, move over, oprah. Sherry redstone cements her status as the most powerful woman in u. S. Media as cbs agrees to merge with viacom in a long awaited deal. Shares of apple and chipmakers soared in tuesday trading after the u. S. Delayed a 10 tariff certain imports including smartphones as well as laptops. Before boarding a helicopter in new jersey, President Trump said in case it has an impact on people, what we have done is delay it so they wont be relevant during the Christmas Shopping season. To discuss in washington, the president of the u. S. China business council. , bloombergs l. A sarah mcgregor. Sarah, do we have any idea what the motivation is for the change of heart . Sarah we do know that the news gave a bump to the stock market. We saw some retail and Technology Stocks go up today. There have been some declines in share prices in recent weeks since tariff announced since trump announced the tariff. Of course, that is an immediate cheer from the market. What
Captioning performed by vitac many have expressed concern that facebook could outcompete banks and nondepository Financial Institutions and become some sort of Financial Services monopoly. I understand facebook has demonstrated a dominance in the social media space but i want to better understand this Financial Services monopoly idea. The Libra Association is made up of 28 pounding members, more to come, many of which have played in the Payment Processing space for a long time. Some of these firms are very large, visa and mastercard have billions of cardholders and process trillions of dollars worth of transactions. Some have argued that this association is a thinly veiled attempt at facebook eventually attempting to create a bank. It may or may not be, but i am more reminded of another Payment Innovation that started in the 1950s and 1960s as associations of likeminded companies, the Bank Card Payment networks. Banks issued their own cards, but banded together as Regional Bank card as
But still red for each of the major indices. Joining us for the full first hour of the show Courtney Gibson from loop capital markets. Courtney, thanks for joining us. Whats your take on today . Investors in a sort of holding pattern, are they, until we get to the fed unbelievable holding pattern. I mean, volumes are down precipitously today. At least they were before i came on the show today. I talked to our equity desk at loop capital and in the u. S. Alone volumes were down somewhere near 30 and even in europe spain was down i think somewhere near 40 on volumes our desk flow today was down substantially as well. It looks and feels as though investors right now are really kind of sitting on their hands markets as you can see, dow down just slightly but recovering back to the highs of the session. Russell is lagging down 0. 7 utilities, real estate the bestperforming sectors. Energy and tech towards the bottom we have got apple down about 0. 7 , albeit higher for the week broadcom wei
Fremont police are telling people to stay away from an area due to an shootout between two vehicles. We sent skyfox over the intersection of stevenson boulevard and alba street. This is very close to interstate 880. At this not anyone was injured. Reports say at least one person was shot after people in these two vehicles exchanged gunfire. For now, there is one of the cars still left at the scene here. That vehicle has a number of bullet holes in it. Police there as well will bring you more information on this breaking news as soon as we get it in fremont. Meanwhile, today is Election Day Campaign workers in San Francisco are out urging people to vote in favor of severalulocal measures on that ballot. Ktvu allie rasmus explains someuof the issues at stake here and what some voters are struggling with. Continue to do everything you can to get out there to talk to voters in the west portal neighborhood of San Francisco, Campaign Workers set up outside a corner coffee shop encouraging Sa