Now the ceo of juul is out and tobacco giants Philip Morris and altria call off their merger talks. The Political Risk for stocks, futures pointing to a muted open House Democrats move on impeachment and what the turmoil will mean for ongoing u. S. china trade talks. New products driving sales and double digit growth in china. Big news regarding Philip Morris international and altria. The two companies deciding to end merger talks juul is announcing that kevin berns is stepping down as ceo. It will suspend all broadcast, print and Digital Advertising in the United States as regulators have launched this crackdown on vaping products. Meantime, altria tightens their guidance for the year. Reaffirms domestic cigarette volume down 5 to 6 but it does seem like juul is entering a new chapter here as they try to get fda approval. I think if the fda cares about where was gottlieb on this cnbc contributor why didnt he shut this thing down we cant get cannabis passed in this country we let juul
16th, good morning im jim donovan. Im rahel solomon kate and meisha keeping an eye on things on what may be a wet morning. Yeah, yeah you will definitely to have pack your patient is today on the roadways because just around, well, when i walk in right away we have just a sea of accidents and they justin, to pop up. These showers are a, scattered and b, starting to move out, all ready, there are places where it is drying out but you know just having a little bit of activity on the radar to not just slow you down but can cause headaches and you can get cock bye these things, just a few showers, but yeah, still going to need to exercise the caution, as we always say and be careful out there good news again is that the bulk of the showers is already, in fact, moving through, more of the garden state issue but really just eastern half of the area for most part having to deal with this right now. But you will also notice here is that as we take a tristate sweep and lot snapshot of the Curre
Center right now. Were starting to see more evidence of stimulation coming in. M a speculation. You are beginning to roll some of the Biggest Companies together in china. That is an effort. Yes. Exports as well. Still the best today rally in a month for the shanghai composite. You dont need shippers in the way that you once did. Maybe they need some help. This is the mna story of the morning. A story of the morning. Greases the story im really interested in. We all know what is happening with greece. Today he could see a deal. At last. We need to deal them by august 20 been that big ecb payment comes through. Another payment and another deadline. There is speculation that government will accelerate growth around state owned companies. Give us the rundown. We are seeing the shanghai composite higher. The rest of asia not looking so good. It is an interesting divergent. Quitembers were discouraging. Some market seeing some turnaround now. Japan of about 3 10 of 1 . Beenig story that has
They think this is unsustainable and were in a dangerous position sell sell sell. The house of pain the dow dipped six points the nasdaq advanced 0. 38 . I want to address this reluctance to believe in the bull head on by going over the top ten reasons why investors always seem to have one foot out the door, despite the fact that weve had one heck of a run, from the lows way back in march of 2009. So lets go right to it. The first one, weve been hearing it for years the bull has run for too long. Its now on its last legs. Put aside the fact that bull markets dont die from old age, but die from recessions, rate hikes or new ipos. Weve had three serious corrections. One in 2011, when the s p 500 downgraded the Credit Rating of the united states. And in 2015, fears of a chinese collapse and one in february of 2016, related to the collapse of oil so this stocks entered bear market mode that its almost like weve had three bull mar t markets. Thats why i cant buy into this senile bull feces.
My heart is broken. 53 is just too young. Music fans mourn the loss of a legend. Wake me up before you go go George Michael died Christmas Day. His manager said Heart Failure was the cause. The pop artist enjoyed a string of hits. Dont let the sun go down on me Freedom Freedom freedom you got to give for what you take you barely can see down the street. Everything is burieburied. Folks will be digging out in the northeast following a powerful christmas storm. Today has been nuts. A lot of slideoffs, accidents. Russia foreign minister says a highly technical fault likely to blame for a crash that killed 92 people. Trump announcing hell shut down his Charitable Foundation to avoid aiming conflicts of interest. Untangling himself is not easy. No question about that. A massive sinkhole in michigan is prompting a state of emergency for more than 20 families who have been evacuated so far. A massive seal ran amuck and they tried to find out why he is on the run but ed, my lips on sealed. All