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Hillary clinton. Got rumors of two potential deals swirling this morning. Chemicals and tobacco in the spot light. Well put a dose of reality on both. Apple mac users being targeted by hackers with ransomeware and how the company is handling that problem. The dow coming off its third consecutive week of gains closing above 17,000 for the first time in two months. S p just shy of 2,000 friday, closed at 1999. 99 as china said it would target Economic Growth between 6. 5 and 7 . Some talk in china about cpi targets around 3. We know thats more a political chan nick thing. Exactly. One thing that happens out of china, we believe everything they say. Our country can say these things. They say theyre just making stuff up. Target, 6. 5 to 7 , and we believe them. The coal stocks go up. Steel stocks go up. Iron ore. Will you give me a break . Were in an era of where a lot of the stretched names whether its valet or cliffs natural or u. ....
Starwood. Well talk to marriotts ceo, arnie sorensen. The president in cuba raises questions about Economic Opportunity there. And were hours away from apples highly anticipated event. Well look at what to expect. Valeant has been halted for the past half hour or so. As becky pointed out, mike pearson leaving the company. Ackman to the board. Predictable or not, jim . No. But there hasnt been much that is predictable. Theres a mea culpa note from Lehman Brothers taking the price target from 135 to 134. Taking numbers from 10 the reason i point this out is because the numbers are all of the map. No one knows the cash flow, what the company is really do. Ackman joining the board is a sign he cant dump the stock. They couldnt dump the stock. This is a great mystery, carl. When you have a company where you have to idea what it will earn, where its dermatological business i ....
December. The road map begins with the markets climbing back. Dow and s p back for the year. Oil with a 4 handle. The bidding war for starwood. The hotel change taking a higher offer from chinese anbang. Now marriott has five days to respond. As twitter hits an anniversary, jack dorsey says where the company goes from here. The bidding war in process for starwood. The company that had reached a deal to be acquired by marriott some time ago for 0. 9 shares of marriott and 2 bucks per share, and a spin of this time rental business. Thats what im thinking of, right . This morning as we reported first and has been confirmed by the company, anbang, the Insurance Company from china, along with chris flowers and primavera, large equity firm in china have agreed to purchase starwood for 78 in cash this is 2 above the previous bid they made to buy the company, and a bid that has been accepted by starwood. Before starwood can sign that d ....
Europe. Chicago pmi in 45 minutes. Sales beat for starbucks, comps up 8 . Stock is down in afterhours and is clawing back. Valeant makes another controversial decision and is cutting ties with philidor. Monitoring bill ackmans Conference Call. And linkedin and expedia, both stocks spiking. Well hear from both ceos late their morning. Data shows consumer spenting rose only 0. 1 in september. Bo bo stocks are on track to extend that weekly winning streak to five and post the best month in four years. Best dow names . Dupont, followed by microsoft, followed by ge. Okay. Lets talk about those. Ge, the execution, getting out of financial. Dupont, that is breen, going to break up the company. These are very, very important. Also both large trian positions. Trian has nelson peltz has made a lot of good pushes. Done a lot of good things. I think breen, without peltz on the board, will follow peltz game plan. Even though dupont had a mise ....
Hollande is arriving for a meeting with the president. Gdp revised up to 2. 1. Caseshiller is out on your screen. Our road map this morning, the latest on the fight against isis including angry remarks from putin after that russian jet was shot down by turkey. And a couple more deals, nothing like yesterdays major deal. But 2. 5 billion Semiconductor Deal and a billion dollar acquisition in the food business. Shares of tiffany down big. First up, concerns about geopolitics weighing on futures. This russian warplane was shot down by turkish jets along the syria turkey border. The turkish Prime Minister said his country had the right to respond when its airspace was violated despite repeated warnings. Putin said this event is beyond the normal framework of fighting against terrorism. Of course our military is doing heroic work against terrorism, but the loss today is a stab ....