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hunter biden seen at last night s state dinner for india s prime minister. now two irs whistle blowers say he was given preferential treatment. tomorrow marks one year since the supreme court overturned roe v. wade. we ll ask an ob/gyn how it s changed her practice. a tech boom here in florida? miami the new silicon valley? first, we turn to breaking news out of the supreme court. the court sided 8-1 with president biden s immigration enforcement plan. outside the supreme court is julia ainsley. what is this decision about? reporter: it s a big win for the biden administration, jose. this was their enforcement priority policy that allowed i.c.e. to prioritize immigrants for deportation if they were a security risk. when they looked at the 11 million undocumented migrants, they were going to use their resources on those who lived here first. people who have been living here peacefully will be deprioritize. several states led by republicans sued the biden administ ....
A lot of questions, we have answers. Power lunch begins right now welcome to power lunch. Brian talk about the dow has all over the map then rallied up, down up, down up it could be the biggest com decrease back for you dow in more than seven years. The vix top 50 for the First Time Since august of 2015. Right now it struck 36 check out some of the individual movers gm is rallies, lululemon recovering from early losses on news that the ceo is out investors taking a bite our dunkin, as you can see. Tyler . Good afternoon, everybody. We begin, of course with a wild day on wall street bob pisani is watching all the action at the New York Stock Exchange hi, bob. Hello, tyler, we are looking for a bottom we are looking for signs of a selling climb max, some kind of emotional catharsis, we may have had had it at the open the bottom was right there we opened 2593 on the s ....
To top headlines. To bealk of a Briefing Held at 10 15 on august 13. I believe that is into their morning as well tomorrow morning. Lets get you caught up on what occurred overnight. Here is julie hyman. Chinas decision is rattling market today. Theks are down around world, and futures in the u. S. Indicate u. S. Stocks will be lower at the open as well. Commodities also declining. Hsbcs senior economic adviser told bloomberg we could see this as a bit of a payback. China is in a difficult position because every other country in the world has devalued against china. Julie emergingmarket stocks have some to their lowest levels since 2011. They are now in a bear market, down 22 since hitting a peak last december. The price of oil is bouncing back from lowes. From lows. It has come back a little bit. A little under 44 per barrel. Prices are down more than 18 this year. Hillary clinton has agreed to turn over the private email server s ....
Meg is starting us off with the late sgles bristolmyers has been seen as vulnerable to potential activism of even takeover. You basically pinpoint the day this started if you look at it stock price over the last year. Look back to august. It had Clinical Trial results around august 5th that were very disappointing to the street on big lung cancer drug that investors saw as putting it as a slight disadvantage to competitor merck in the space. So carl icahn reportedly taking this stake, reported by the wall street journal yesterday. And Jana Partners wrung so new directors out of bristolmyers yesterday and 2 billion buyback. Icahn apparently think that bristolmyers is business and pipeline make it a good potential takeover targetnd in addition to opt divo it has several multibillion drugs as well as Rheumatoid Arthritis ....
Trading, youre already going to see that things are fixed there as well. The dax is higher as well as the cac. Ftse relatively flat. The tenyear note. Yesterday the yield was settled in, back above 2. 4 . This morning still sitting at 2. 416. If you check out crude oil prices, which were slightly higher yesterday, this morning wti is up 28 cents to 4. 65. Couple big stories to watch this morning. British Prime Minister theresa may triggering a brexit. Signing a letter to invoke article 50. The letter with be land delivered to the European Council president in one hour from now. Todays actions mark the start of official divorce talks between the eu and the uk. Wilfred frost will join us at the bottom of the hour to talk to us more about brexit. Fed impending home sales come out at 10 00 a. M. Charlie evans, Eric Rosengren ....