Thank you all for coming. We. Were very excited for tonights event. What a great turn out. Yeah, so excited. Were obviously here for Malcolm Harris as palo alto. So yes, we are. So to start off, malcolm and Patrick Harrison, who is the audiobook narrator, are going to be doing a reading and then he will be joined by melissa, jared grant and ed. So junior for a little discussion. And then after that, well do q a. So ill pop back up here after that. So yeah, thank you all for masking up. So yeah. Anyway, enjoy. All right. Thank you all so much for coming out. This has been a very successful release as you can see from all the people here. I cant cant believe it. My heart is bursting with thanks and also for wearing masks. I know their pain. I appreciate you all so much for doing that allows me to sit up here without a mask, which makes a huge difference. Reading. So thank you all for me. Thank you. From everyone else in the room. Youre not getting sick. I appreciate you. Im going to be r
Level, before big deals get done . Where Companies Feel comfortable selling or buying . Typically. Whether that is economics are e confidence, its like Energy Executives are like any other executive. They will do things when conditions are good and when there is positive momentum. Because investors will follow that and they it takes a lot to print a transaction in an environment where he have a tremendous amount of volatility. One of the positive developments in 2016 and we are so going to hit 3 trillion plus in m a, a pretty nice number has been asian, mostly Chinese Companies going outbound, Chinese Companies looking at deals either in the United States or europe. Wire the chinese looking outside . Are they concerned about that why are the chinese looking outside . Are they concerned about their internalare they concerned abour internal gdp . . Are they worried about the slowdown or looking to expand into other regions . The driver for china to look outside have been strong and conti
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
The hedgefund closes its doors after the industry veteran says he lacks commitment. What is going on with sidecar . The uber rival fails to get off the starting line as the ride sharing business backed by google and Richard Bransen says it is shutting down on new years eve. Here we are. A second last session of the year. Lets check in on futures and what theyre imlying to the u. S. Market open coming off the 1 rally. Its in line with fair value so were priced lower for the s p 500. Giving back free points at the open. Dow jones industrials called down by 17 points and the nasdaq. Were above fair value. Called higher by 2 points. Heres the rally we saw yesterday. 5 billion in trades being priced yesterday which is in line with Christmas Day and thanksgiving day. So the Dow Jones Industrial up 1 . S p 500 with the 1 rally. Positive territory for 2015. Lets see if we hold into the years end. As for technology because that was what was powering u. S. Shares yesterday. The likes of apple. A
Measures signed contracts for purchase, fell unexpectedly in november. The National Association of realtors said pending sales slid 0. 9 from october. It is the third drop in four months, and diana olick explains, the reason why is very clear. Reporter Lynette Bruno knows real estate. She works for trulia, a real estate listing company. So, when she decided to trade up from her condo to a bigger home in redhot san francisco, she knew what she was in for. You cant get too wrapped up in this process, because it can emotionally drain you. Reporter it took more than a dozen offers and nearly a year for bruno to get her new home. Im not sure theres any offers that arent overasking in san francisco. Definitely, every single offer that i put in was overasking. There was one point i put in an offer of 52 over, and i was in the middle of the pack of 15 offers. Reporter driving prices and tight inventory are blamed for weak sales in november. Pending home sales, which are a measure of signed con