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Price hike spreads but thats not the whole story. Mylan raised prices more than 100 for 7 products over the last 6 months. Those details also coming up. Cash burn isnt always a bad thing. Well talk to the man known as the dean of valuation about which stocks with negative cash flow he says could be good investment opportunities. Aswath damodaran coming up. Nasdaq and s p could be in record territory dow. Bertha coombs, whens happening . You know, kelly, this is like the Rodney Dangerfield market. Nobody gives it much respect yet the nasdaq continues to grind to new highs and seeing some of the small caps catching up to the big cap indices. Russell 2000 within 3 5 of the alltime high set 13 months ago and this is a big laggard and momentum continues to be in big tech. Chips seeing a new 16year high. Dating back to october 2000. Broadcom among the chip stocks today at record highs. The sector up 16 since the start of july and a ....
Sanctions against wells fargo. Well have that story plus reaction from former fdic chair sheila bair. Well get to her in just a moment. Plus a new report says amazon is getting more serious about its own shipping business and it may be looking to ditch fedex and ups altogether. This as amazon stock continues to power higher. More on that story coming up a little bit later this hour. And shareholders voting today to approve one of the largest corporate deals in history. Well take a closer look at Anheuser Buschs takeover of sb miller. Is that enough . We have more in the next couple hours. Lets begin on the breaking news of the oil front that has moved the market today. Jackie d. Has it for us. The spike in crude oil putting some traders off guard today. Closing today over 47 a barrel. Now, three major headlines coming out of reuters regarding the opec meeting, but remember, theyre citing sources. Nobody officially has gone on the ....
U. S. Citizens were known to have been killed. But a number of them have been injured. At least 31 people were killed and nearly 200 wounded in the two airport bombings and another in the brussels subway system. The Islamic State claiming responsibility for the attacks. In a statement it said there will be black days ahead for the aggression against it. U. S. Officials say they believe that claim is authentic. The republican president ial candidate john kasich speaking out on the attacks, criticizing president obama for not returning to washington from cuba. And had i been president , i would have cut short my visit and flown home and i would have conducted calls jointly with heads of state and gone to assemble teams of people, Intelligence Experts who can take a look at this serious breaches that we have in intelligence. Showing solidarity, the eiffel tower lit up at du ....
Market. I knew the warm weather wouldnt last forever. No, winter is finally here. Winter is coming as they say. Amazon, by the way, releasing actually some rare numbers this morning saying it was a record setting holiday for the ecommerce jiebt. We will look at whether there are any other retail winners this Holiday Season. And an ugly drop for one biotech firm, chimerix, the stock down 81 . That story is coming up on the closing bell. Never good when the change is larger than the price of the company there. Not good. Lets start with oil, though, snapping that winning streak as saudi arabias budget deficit surges. Jackie deangelis is live at the nymex with more on that. A more than 3 slide in the wti to finish at 36. 81. Brent finishing under wti, just showing how much its turned out of favor in terms of this market right now. You mentioned a key point, saudi arabia out with its 2015 budget numbers, this did not help the selling t ....
Is a good idea is that they are very protective of the economy. They close too much the economy and they are more than 200 Million People, and they close the market and you need to produce things there or you pay 35 taxes. I think that should be a little easy, but it has been done by one government to be very protectionist for the industrial and the production nationally. Saud, if we come to you, your view of the challenge that carlos has laid out for us, the debate over the direction that essentially a civilization should take is fairly pronounced in some parts of the world that you operate in. I mean, how is it affecting the way that you and your company make investment decisions, think about customers and look at opportunities . Well, for us, i think we look at markets, the first thing we look at is the demographic in terms of the younger population and how quickly the population is growing. I think urban rule is very important ....