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Im tyler mathisen. Welcome, everybody. We begin this hour with the latest on that massive blaze. Cnbc is 200 miles south of the fire line in edmonton. Hey guys, the cooler weather and light rain is providing some respite for Fire Fighting officials. This wildfire is still out of control and is being referred to as the beast. Now i want to put the size of it in perspective for folks watching from home. Consider this. It is now twice the size of new york city, all five bureaus. Twice. It is absolutely massive. 10,000 people now have been displaced. As for the city of ft. Mcmurray, the gateway to Canadas Oil Sands, the zbas shut off. The electrical grid is damaged. The water is undrinkable. That makes it very difficult to know when the thousands of displaced residents are going to be able to return home and find out if their homes are even still there m of them are behind me a ....
Here. Disney dragging the dow today. Espn has lost seven million subscribers in the last two years. Well discuss whether direct consumer strategy could help turn things around. And while some may think december is a good month tore discretionary stocks, think again. We have the three best performing stocks in december over the last ten years. Some of them may surprise you. I think it will surprise me. I love surprises. Courtney reagan, at a mall in illinois. Bill gray at a mall in the twin cities. Surveying the big box stores. He is in detroit. Courtney, start things off for us. The Holiday Season is officially underway here. Maybe less of the door buster the traffic is picking up. Probably at the highest point its been since the predawn hours here. Somewhere ll says that 90 of its retailers are reporting that traffic is the same as last year, possibly even a little stronger. Not all analysts are saying they agree. Fbr suszan ande ....
It is cubist pharmaceuticals. Merck buying the company. Meg terrell was ahead of the story on friday telling us a deal was in the works. She is in San Francisco at one of the biggest cancer meetings of the year and scored a live interview with mercks ceo. Thank you so much. Lets bring in ken frazier, the ceo of merck. Thank you for joining us. Thank you, meg, for having me. Always good to be on cnbc. Well, so this is a big deal in a space that has been a tough area, antibiotics and a Huge Public Health need. Tell us why this makes sense for merck. Every year in this country about 2 Million People have a form of infection that is resistant to conventional antibiotics. About 23,000 of those people die. So these kinds of infections are critically important in our society. So this is a great opportunity for us because mer ....
Been looking at to see where the deals are. She is really looking at them and she will be with us today. That and more on a very busy hour of power lunch. First lets check in with sue at the nyse. We start with a scary sign at least for some. Trim tabs reporting inflows into Exchange Traded funds hit levels not seen since november of 2007. Stocks dropped like a rock from that date losing almost half of the value before bottoming out in march of 2009. Lets bring in bob pisani on that note. Those are interesting statistics. You could argue that is a bullish case and people are putting more money to work in etfs or look at the volatility in the market and say perhaps it is topping out in bearish side. November was a really big month. The s p was up 2. 5 . When you get months like that it happens. Secondly, we are seeing huge inflows of the u. S. Equities. The whole world wants to get into the united states. Europe is weaker, china i ....