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Markets and the feds and beyond. Lets get to andrew with breaking news on valeant. Another turn, the drug maker says its ending its relationship due to the Specialty Pharmacy business practices. The company saying it has lost confidence in the ability to operate in a manner acceptable to valeant. In response it said it would shutdown operations as soon as possible. Cvs health care also dropped them. Cvs saying it will no longer use services after an audit found evidence of noncompliance. Now valeant has been facing a lot of pressure and is facing federal scrutiny as well on the drug pricing and distribution policies so this is a big issue. Also activist investor and one of the largest shareholders expected to hold a Conference Call discussing his firms investment in valeant. Philidor represented somewhere between 5 and 10 depending on whose math you were doing for valean ....
Markets overseas to go down, particularly, in asia and europe. We fed off their down day, and we are going triple digits. Dow down 52 appointments, off the days lows, but its still down, nevertheless, jcpenney getting a big boost today, up 7 . Why . Right. So jcpenney, the deal with macys, battling over the Martha Stewart products, and the low was 13834 today. We came up off the lows. Still worries that the fed may cut off the cool laid in stimulus. Petroleum, and higher and so was [inaudible] david bells are ringing as you can see. After we go through trades with various traders. Its negative territoriment you cant put a lipstick on the pig, but you can say its been worse today. It looked at one point like the dow was going down in triple digits, a little repeat of what happened yesterday. Didnt end the day that way. Nasdaq, all day, really worrying investors. Its down just over 1 . At one point, down over 1. 5 . It is off its lo ....
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