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the horizon with energy experts. plus, the drop in crude could be seeping into the banking system of our neighbor to the north. the royal bank of canada s ceo joins us in a cnbc exclusive on the back of his company s earnings. also ahead how much of what we see in the rally is the result of the fed trying to calm market volatility. we re live in jackson hole with the latest headlines. don t forget, of course, the new york fed president, importantly, spoke today. he did. and markets are reacting. let s get to full team coverage of these markets. bob pisani tracking the moves here at the stock exchange. courtney reagan over at the nasdaq. how do you feel going into the close today? better than yesterday. i want to show you the dow. at this time yesterday, we were fading going into 3:00. that is not the case right now. dow jones industrial average is essentially almost at the highs for the day. i think 16,100 right off the open. we re essentially there back to the ....
congratulations, fellas. that s not bad. but they re right here with us. i ll tell you, it s an honor to have them. we re continuing our celebration of american manufacturing and american manufacturing and it s been something very important to us. made in the u.s.a. made in america. and our tribute to the skill, dedication and grit of the american worker. we re showcasing products from all around the country that are stamped with the beautiful letters, made in the u.s.a. today i m proud to welcome three more great companies. we ve had quite a few wonderful companies, a little bit smaller generally speaking than yours. but every company is smaller than yours when you get right down to it. to the white house for really a major announcement. you ll be hearing maerk, pfizer and corning. these three companies are announcing that pharmaceuticals packaging will now be made in america. that s a big step. that s a big statement. we re very proud of that. thank you very much, by ....
personal income again changed. a deal finally getting done. intel buying altera. you re going to have to wait almost two more months for microsoft update among or lineup the first television with the new ceo of bristol-myers. a preview is straight ahead we ll start off with the big deal, another one in technology in shifts following last week s enormous deal. intel follows through with an acquisition announced of altera. as carl said the price tag russly $16.5 billion. those of who you have watching for some sometime are not un it was late march when the wall street journal first reported on talks between these two companies, and then nothing until we reported that intel had walk away from the same talks after offering $54 a share and being rejected by altera. what followed? well, you had certainly shareholders move intoed stock of altera many hedge funds that focus on events or risk/arb, and almost all of them were not happy with the decision by altera s mana ....
as 2016 draws to a close, we are going to look back on a year which featured two events which will shape the global economy for decades to come. welcome to business live‘s review of 2016, with aaron heslehurst and maryam moshiri. yep, this year saw the uk take that momentous decision to leave the european union. we are going to take a look at what lies in store for the next 12 months. and he did it. the billionaire businessman donald trump wins the race for the white house. he has made some bold announcements, but was it all talk and no action? and, of course, it has been a turbulent year for the global market. oil prices hit that historic low. there is light at the end of the tunnel, of course, following a landmark deal between members of the opec countries. and exploding phones, driverless cars, and virtual reality. it has been an eventful 12 months in the world of tech, but what can we look forward to in 2017? we will speak to our resident gadget guru, rory cellan ....