It was a big rally yesterday gave back many of the gains late in the session the dow did end up more than 100 points by the end of the session. Overnight in asia, a bit more muted today after the big gains yesterday in the markets the hang seng opening after being closed on monday for a holiday. Its the stock market trying to do some catch up it was up by 1. 2 . Shanghai was flat. Nikkei was up by a tenth of a percent. In europe, some early trading taking place a bit of a mixed picture there. Ftse up by a half percent. Modest declines for the cac and the dax. Stocks are higher in italy and weaker in spain. In the United States, if youre watching the threreasury market the tenyear is yielding 0. 15 lets talk trade President Trump saying trade talks have begun following his meeting with president xi jinping at the g20 speaking at the oval office yesterday, the president said the renewed talks are being held by phone any trade deals will have to lean in the u. S. s favor obserit has to be
Activities and a versus r. And d. Have jostled with each other for preeminence brands saunders the current c. E. O. Of allergan and legendary deal maker grew out again when he was named c. E. O. Of forest labs 5 months later he sold for us to act tevez for 25000000000. 00 activists then acquired al again for over 70000000000. 00 and took on its name with more on this transformative acquisition you welcome back adam mesh c. E. O. Of the Adam Mesh Trading Group so adam this is certainly a big day for allergen in 2016 allegan had attempted to sell themselves to pfizer in a 160000000000. 00 merger but that deal ultimately fell through so the question is will this deal close we know that Bristol Myers and sullivan have been delayed due to antitrust concerns so will add the or allegan need to divest any of its assets to push this through. I think the devil may have to divest us as theyve proactively announced that theyre going to do so for example we will. Its a question of how much and we k
Will this deal close we know that Bristol Myers and sullivan have been delayed due to antitrust concerns so will add they are allegan need to divest any of its assets to push this through. I think theyll definitely have to divest us as they proactively announce that theyre going to do so they definitely will its a question of how much and we know from the Bristol Myers celgene deal that they had to invest a monday Bristol Myers announced that theyre divesting want to sell jeans top products to avoid those antitrust issues and the government is taking a more conservative approach so its definitely going to be an issue and its more of the road that up because thats something that were going to look out for. And on this and position will return the company of the u. S. After heading completed its tax inversion deal to ireland in 2015 something weve seen apple do to great effect as well saving the Company Hundreds of millions in taxes and uli this is a good move for elegant. So inversions
While. I think the fed can get down to their 2 target. They havent lost confidence or gained conference at just confidence. It will be interesting to see if they are successful getting inflation down to 2 . We are not through this inflationary challenge. This is bloomberg surveillance with jonathan ferro, Lisa Abramowicz and annmarie hordern. Jonathan the third era bloomberg surveillance begins right now. Because up before im cut off, lets get you to the weekend. Were almost there. Futures are positive bite. 1 . If the happiest ive seen lisa all week. Lets go to the calendar, tuesday bank of japan decision, wednesday the Federal Reserve. How does what weve learned this year inform what will happen next week . Should we start for japan looking at Wage Negotiations that are looking good . Lisa it might be a huge market catalyst because Wage Negotiations came in hotter than expected. You are seeing an open door for the bank of japan. It sets up the fed well because we are talking at high
Terminal with just a short time ago. Propalestine protesters wrapping up their demonstration at the International Gates inside of sfo. They were calling for a ceasefire in gaza. The protests starting around 8. 30, this morning. Yes, lets go right now to kron fours tiffany justice. Tiffhe even said that if she knew she probably would have joined i i think its the its its definitely something wasnt for well, flight is ultimately what need. My family waiting korea to as scheduled everything to become me and my life it has make things a little. Airport, were going to gather more information and bring you even more throughout the day. Back to you. Tiffany, thank you so much. And now San Francisco International Airport has been providing updates all day and just before noon, the airport posted this one which reads roadways and checkpoints have reopened, resuming normal operation. But please allow some extra time. And our breaking News Coverage continues with the latest outside the Internatio