You are welcome this monday morning. I am manus cranny. This is countdown. Lets get to one of the biggest market moves since 2005. The onshore yuan has moved significantly. ,e are on holiday for the week the chinese. They came back and looked at dollar weakness and they adjusted the yuan appropriately. By thejusted the yuan most since 2005. This is the hong kong valuation. Let me show you the actual onshore yuan. You have this quite dramatic move in terms of the onshore yuan. They moved in terms of adjusting the valuation back. This is about combining the information over the weekend, imports declining for the 15th month. The head of the pboc absent from comment for many weeks, dismissing the need to tighten, saying there is no incentive to depreciate the yuan. That is what this move has done. Lets show you markets in terms of what they are doing. All predicated on the view that you may well see the japanese do more. Mario draghi speaking today. It is the first back daily decline in no
The drug costs patients 129,000. The same cost for patients in other countries about a third of that amount. I realize the pharmaceutical Companies Invest their researches, they bring a new drug to market, they should profit from that innovation, but why are the u. S. Patients getti getting gauged for drugs. Can you better explain why u. S. Taxpayers are paying for Biomedical Research at the front end and paying exorbitant prices at the back end . Ill just say that 50 of my colleagues and myself sent a letter to you and secretary burwell requesting that they write when taxpair funded research leads to patent product not available to the public on reasonable terms . What are reasonable terms . A drug shouldnt cost 129,000 for people to get access to it. I know this is a topic of great interest, and while it should be and my heart goes out as all of us do to patients who are in need of a therapeutic which is outside of their financial means to be able to gain access to. That ought to be
Market turning down here as we wait for the feds minute release. Even if it were to post again today and be higher than yesterday, it is another recordsetting day. We are watching oil which is a key story today. I am watching hewlettpackard very closely. This was a real ladder last year. The analysts are doing 180s as well. Citigroup now put a buy rating on hewlettpackard. This comes on the heels of green yesterday. This is why they are turning around. Adam thank you very much. Breaking news. Crude oil. Phil flynn of Price Futures Group is in the trading pits of this cme. I would call it a stunning drop in supplies. Not only do you have the heating of tensions in the middle east and you have surging demand in the United States. Everybody thought in america that we would not drive our cars anymore. Gasoline demand surging. 4 above a year ago. That is an incredible number. It is showing that demand is gas leak off of the code of louisiana. Had they been able to plug the well . I think in
16 weeks and a super bowl win later, we know the new England Patriots were probably aware tom brady was using underinflated footballs, or do we . Lets talk live in the cnn newsroom. Good morning. I am Carol Costello. Thank you for joining me. Tornados batter americas heartland and the threat is not over yet. Large twisters like this one shredding the plains. In all, 46 tornadoes reported and some as late as 3 00 in the morning. Homes in splinters this morning, and then there is the rain. And roads look like rivers in oklahoma, and new flash flooding still a concern today. Chad meyers is tracking the storm and joins us from atlanta. Good morning. Reporter the crazy part about yesterday was all the way from western nebraska all the way down to texas we had tornadoes on the ground. There are 46 reports, and that doesnt mean 46 tornados technically, because one guy could have looked at it this way and reported a tornado and then another guy reported the same tornado. The tornados will cont
Education and an enemy. Thats our show tonight. And now, john stossel. Oh oo the biggest education controversy this year is over something called common core. Supporters say its a single common standard that tells parents in every state this is what your kid ought to know. Some Union Teachers are upset about it. These standards are crippling they are crippling our students education and joy of learning. Common core standards must constantly struggle and struggle to push themselves at legals that are not developmentally appropriate. The kids must push themselves beyond what is appropriate. No say common core these standards are appropriate and better and we have a measure to learn kids are learning what they need to learn. Life is full of measuring stick how well we are, how fast we are how we can compete. Up until now it has been pretty hard to tell how well kids are competing in school and how well they are going to do when they get out of school. Thats where the common core state sta