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Itunes app store has malware affecting apps developed in china, could other parts of the program be at risk . We have a top security expert. What are those of us with ipads and iphones supposed to do with b. It . Plus new data on existing home sales falling more than expected and now Jpmorgan Chase is making a move that could put another damper on home sales. That story is also just ahead here. Lets start with biotechs getting slammed. Those stocks down as you saw there after that New York Times article on Specialty Drug price gouging during pharmaceuticals was pro filed in that piece after it...

Commodity prices downs a well as concern over fall out from china continues. 11 million cars may be effected and the stock, its down another 20 this morning, volkswagen. And bank of America Votes on the roll of its chief executive. And that share holder meeting begins within the hour. Jim. What explains this turn round, because japans closed, asias been moderate overnight. I think most of the markets in a bear market. This kind of behavior should have happened yesterday. And somehow the market rallied. Its almost like it got the wake up a call that it shouldnt have rallied yesterday. I got to ...

Barons. Early data suggests that apple is already selling out of its iphone 6ss in china with wait times up to four weeks. So i think everything this week is going to come down to the fed, isnt it . You think so . Fed, fed, fed . Fed, fed, fed. Roger federer lost last night. Yes, i like that. Youre a big fan. I feel for that fed. Really . I also feel for the other fed. This is going to be a busy week. It is a busy week. A lot of people are saying theyre probably going to do nothing. Their hand has been weakened coming into this. I think it has because of global incentive. For me, that it susel...

The dow up 75 points. The nasdaq up by 28. Weve got a couple big stories that were watching this morning. San francisco fed president John Williams said last weeks fed decision to hold rates steady was in his words, a close call. Increased concern about the Global Economy in the Financial System led policy makers to wait on a hike. We will see how long that wait lasts. Jim bullard awaits and says its too influenced. President bullard will be joining us right here in studio for two hours this morning starting at 7 00 eastern. Weve got a lot of questions for him. We should tell you this news and...

Tell you about outside the world of business. At least 8 people are dead and five more believed missing after severe flooding yesterday near the utah arizona border. Heavy rain swept away a roadway and these are floods that came up very suddenly. Three people at least have survived the incident. There are at least approximate 13 fires burning right now. Hundreds of homes destroyed. Well have more on both of these developing stories a bit later this morning. First andrew has todays business headlines. Lets get you caught up on the stories this hour. The bank of japan is holding off on expanding...