President ial democratic candidate Bernie Sanders called racist. Rich will be here on what some are calling racist rhetoric. Plus the epipen price gouging scandal not going away for mylan and ceo. Mylans coupon not going over well with food allergy advocates. Well take a look into mylans explanation for the soaring cost of epipen and tell you if the price is right. And janet yellen leaves the markets shaking in their cowboy boots this morning after a speech in jackson hole, wyoming giving the impression a rate hike is coming. The markets liked it at first and then stealed declined through the afternoon. The Dow Jones Industrial average now off 79 points. Less than an hour to the closing bell, im Ashley Webster in for liz claman, lets begin the countdown. Ashley a fed head shake out . Well, both the head chair and vice chair saying a rate hike could come as early as next month, the market calling its buff. The market having its biggest intraday swing of two months, down 13 at the low en
Valley will join us live ahead of this weekends season premiere. We will discuss the potential impact on the real Silicon Valley will have on that show. As we await earnings after the bell today from intel and yahoo among others david faber spoke with jeff smith earlier. He joins us with more on that fascinating tale. People are so focused or at least many publications are very focused on yahoos potential sale of its core business but there doesnt seem to be quite as much focus on the impending fight thats taking place with starboard, the firm that owes 1. 7 of the shares of starboard launched an attempt to take control of the board of directors of yahoo, but its interesting, the conclusion of that proxy fight will come after the conclusion of the process to sell the core business. So i asked mr. Smith wouldnt it be better to try to settle and get on that board now to potentially influence the sale process as opposed to be there when its over and done with . If we get to the end and th
A warm welcome to the pulse, live from london. I manus cranny. Rwe and eon have soared in frankfurt street this morning as the German Economy minister says the countrys Utility Companies have enough funds to pay for the decommissioning of nuclear plants. Hunt nichols is standing by in berlin. Hans, this has been one of the theseppressive issues on for quite some time, so this is a relief. Hans it is a relief but it doesnt mean the utilities are out of the woods. Yes, you see the stocks up over 10 , but when you look at where they are on the year, eon is down 36 and rwe is down almost 36 . These stocks have taken a battering. What theyve learned today is that their provisions along with another three companies, the 38 billion they have set aside to decommission their power plants, is going to be sufficient. That is according to the economy minister, sigmar gabriel. Heres what he said in a statement moments ago. Considered scenarios of high provisions improbable. He was referencing a ran
The rallys sales. We only need a gain of about eight points for a new high. Were already up 60, and thats even off the highs of the day here, kelly. Thats right. So, were sitting at 17,120 on the dow. There are reverberations from yellens remarks, particularly in biotech, down today. That may speak all more to the strength were seeing across the Broader Market here. Obviously, keeping an eye on the big names involved in the mega deal you mentioned, we should note right off the bat, shares of fox are down almost 4 . Shares of time warner are surging today. Cnbc first to report that Rupert Murdochs 21st century fox is trying to buy the company, even though time warner is saying no. Murdoch is apparently pressing. We will speak with former universal chairman bob wright, who knows all the players involved here, about how this might play out. Will murdoch add to his empire . How much could it cost him when all is said and done . And does it make sense in this environment . Well talk to bob
Retail sales and import export prices. Also worth watching today, november Consumer Sentiment and business inventories. Andrew, over to you. Corporate news this morning, Oil Field Services provider baker hughes confirming its now in talks with rival halliburton. This after the wall street journal reported on negotiations between the two. A merger would create a want korth 67 billion or possibly more. This years drop in Energy Prices has hurt and sent stock prices in the nasdaq much lower. Industry watchers note a deal would likely face antitrust concerns. Well talk to an analyst who covers the company in the next hour. Theres a real bet that oil price res going lower and that they need to consolidate to compete with schlumberger and the rest of them. Stock deal. They exchange cheaper stock for cheaper stock . Cheaper stock for cheaper stock. I imagine there would be a lot of layoffs because part of the whole idea is you would be trying to get your costs down. Speaking of energy, the ie