Also raised. Very interesting cutting edge, well talk about that. An fda panel backed an experimental Breast Cancer drug. Shares of the company soaring, it was up 50 on monday in anticipation of this. The news came out now, another 26 . Meg tirrell will have details in a little while. Puma is good jumpers, we know theyre fast and can get up a tree. The name of the km is puma biotech, not a totally nonsec ter. Treasury secretary mnuchen making comments on the debt ceiling. Reporter thats right, he was testifying before the house ways and Means Committee and called on lawmakers to raise the debt ceiling before the august recess. I urge you to raise the debt limit before you leave for the summer. It is absolutely critical that where we spent money, that we keep the credit of the United States as the most critical issue. Reporter he said that he believes congress should pass a clean bill, meaning that nothing else should be attached to it. Thats already running into resistance from conserv
The dow and s p essentially erased about 80 of the losses incured after the brexit vote of last thursday when the uk voted to leave the eu and bank of England Governor Mark carney hinted that more stimulus is coming. Listen. In my view, and im not prejudging the views of other independent members of the mpc, the Economic Outlook deteriorated and some Monetary Policy easing will likely be required over the summer. What selloff . A little quantitative cant take care of. Just wipe it all away with easy money. Hershey rejecting the 23 bid and hershey shares are still higher. The market seems to think mondelez comes back with another offer. Trading above where it was before they rejected the offer. Netflix known for keeping the ratings under wraps and nielsen says it has numbers for some of the streaming services most popular shows, including season premier of orange is the new black. Those details coming up. Hef hertz signed new deals with uber and lyft. The stock is down more than 20 this
4 . A drop in inventories this week. And also a drop in the number of drilling rigs hoping to push that commodity higher. Its another down day for the transports. The airlines are bouncing back and weve got the ceo of Spirit Airlines here to talk about fluctuating oil prices and capacity are impacting his company. He looks spirited doesnt he . Ben baldanza. Talk of yet another deal shares of Health Insurer humana have been on a tear in the last hour or so that the company has put itself up for sale. Theyve had interest expressed to them by some rivals. Theyve hired Goldman Sachs and the mating dance begins. The stock up 17 . More details on this story, coming up. Its still breaking right now, as a matter of fact. Big implications across the Medicare Advantage space, of course for the Obamacare Exchanges as well. The dow is down to close out the month, 113 points, just above 18,000 for the time being. The s p 500 down about 12 for the broad index there. That nasdaq actually the outperfo
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