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Closing down by 0. 4 the hang seng was off by 1. 1 . Then the shanghai was down by almost 0. 9 . In europe it looks like, again, a modest decline dax and the cac are relatively flat ftse down by 0. 2 . Italy and spain down by 0. 3 and 0. 4 if you check out the treasury market, you will see the tenyear right now looks to be yielding about 2. 019 . We do have breaking news on Warren Buffett he is denying reports of tensions between him and 3g capital and kraft heinz. Buffett said 3gs cofounder is a good friend and he plans to see lemann next month. He also plans to attend lemanns 80th Birthday Party in august. The report has been out about tensions between them. Buffett also expressed support for the ceo of kraft heinz reports of the tensions may have been sparked by kraft heinz underperformance. That stock down by 50 buffett says right now the biggest problem facing kraft hein ....
First though, we want to go to Courtney Reagan with a news alert. Walmart releasing early Holiday Season of the still very tight lipped on anything black friday related. The goal is to make Holiday Shopping as easy as possible. Mobile will be a big focus. The retailer rolling back thousands of prices for the season. Also adding mobile check in to speed up the pickup in store, adding wish list to the apps. 75 st online traffic will come from mobile this Holiday Season. Up from 70 last year. Now chief myrrh chant says wallmart will not beat on price. They will lower prices if and whether necessary. He also says walmarts instock levels are currently at the best point hes seen all year. Aisles are getting decluttered. The retailer bought deep into what he anticipates ....
And one of valleys biggest defenders is out defending. And u. S. Special forces heading to syria. Will this add more uncertainty and volatility to the oil market . Before we tackle that one, lets go down and touch base with sarah eisen. One stock everybodys watching today. Shart of valiant pharmaceutical. Down more than 60 in the last three montes. The Company Fighting defending its Business Practices of the. And also today. One of valiants biggest investor s ackman, olding a cal to hold his stake. With the Specialty Pharmacy philidor. Activities raising questions about the companys Business Practices. This comes after pharmacy benefits manager cbs care mark, express scripts all said last night they are terminating their relationships as well. Citing n ....
To michelle. She has todays corporate stories. Pfizer abandoned its bid to buy astrazeneca after being rejected by its british rival. The move had been widely expected. Pfizer can return with another offer in six months or three months if astrazeneca invites it back in. Well talk more about this story with a pharma analyst in about ten minutes on squawk box. Top executives from General Electric and siemens had set to appear from the French Parliament today. Francois hollande will meet with ge ceo jeff immelt. Reuters reports that siemens is preparing a formal offer for alstom. That would mean a slightly higher volume on alstoms Energy Activities than the ge bid. But only a little more than half of ges cash component. All those deals. Was it astrazeneca that was resisting or was it political i think it was astraze ....