You look at what has gone on with employment at whats gone on with the stock market. We have created now almost 8 trillion just in the stock market. Maria games to show you. Our industrial better then 100 points. Also in positive territory. A weakness on the selloff yesterday. Down 15 in paris. 27 points lower. In asia overnight as you see the shanghai and hang seng up on the cost be lower. Call it the crypto crash. Plunging as much as 25 just above 10,000. My one investor says hes not going anywhere near this craze. Shocking footage out of baltimore. Police engaged in a shootout while stopping a robbery at a 711. The latest as they hunt for the suspect coming out. Winter weather slamming the United States. Hundreds of Flights Canceled in the south is the threat moves north. What you need to know this morning coming out. One thing for sure. Not as bad as it is in russia. The shocking temperatures causing eyelashes to freeze. Plus, is it the end of General Electric as we know it . The m
The first officers heard the gunshots and they still ran through that theater. They do an amazing job protecting us every single day. Im grateful for their heroism and i think well hear other stories from folks inside the theaters as details come out. Were switching gears this morning. We have breaking news right now. It is now official anthem is buying cigna for 188 in cash and stocks. The transaction valued at 54. 2 billion on an enterprise basis. This of course, a transaction thats been long in the making. Weve talked about it over and over as other deals have come and gone. Weve seen etna now merge with humana. There will be issues and questions in washington about regulatory questions, about consolidation. Just to give you a couple quick breakdowns, its 143 per share in cash 0. 5152 shares in anthem stock. You might remember this deal was held up for at least a bit because of questions about the roles of the different ceos in this. Questions about what was going to happen to David
Making the case for why conventional television isnt going away, not so fast, and why cord cutting isnt such a big deal keep that dial tuned here because power lunch is beginning now. Any gains by the major three averages would give them record closing highs, energy is the best performing sector today thanks to oil, crude, in fact, topping 50 bucks for the First Time Since august 10 Tenet Health Care shares soaring. Reporting the company is exploring a possible sale. Michelle got it melissa, thank you. Heres what else is happening. The federal trade commission is opening an investigation into the massive breach at equifax. The companys ceo is set to testify on october 3 before the house energy and Commerce Committee and the chairman of that panel will join us in the next hour on power lunch. Equifax stock sitting at twoyear lows. Facebook is launching a new Crisis Response center to help users during disasters and attacks. And bitcoin is tanking 10 after a big Chinese Exchange said its
Is worlds 50th richest man among those detained. Betty while we are watching all of these geopolitical events, including more headlines coming out on north korea, lets focus back on the markets how investors are looking at how all these events playing into their own outlook on the u. S. And the world. I want to bring up this chart, 5080. It shows you how the threeyear and tenure spread, or the five and 30 and two and 10, i should ,ay, trying to find out represented right at the end. You can look at it several ways, or maybe specifically two ways,hich is the bill gross way which is the economy is much gloomier than perhaps with the numbers are showing some and there is not much more room to raise rates in the u. S. Despite officials say. On the other hand, others say this is not about the u. S. , the u. S. Is doing just fine, it is about the rest of the world, which is falling apart, they are all coming here to buy the safety of u. S. Treasuries, can get those yields up, they are basica
Straight tos get stories, these arrests in saudi arabia. What we have his shocking news out of the kingdom. Chart 9472,off with stories not situation normal. Profilest of high individuals. Of. 3 . Gain the chart showing the situation allnything but normal below coverages. Kingdom holdings is the company who wasg to the prince taken into custody. He is the worlds 50th richest man. That stock was down as much as 8 . People looking very closely at the situation there. We will continue looking closely and the implications or investors as we look ahead to this aramco listing. One of our analysts that we spoke to pointing out the domestic perception of what this is is different to the international reactions. We will big deeper into that story. The markets are waking up to a brandnew week. Some pentup demand having been away on friday. Sophie after that three day weekend, japanese stocks mixed to start for the region after u. S. Stocks capped the longest streak of gains since 2013. Earnings