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Going to be up at the open. It would appear at least judging from the futures. European markets have had more or less reasonably decent day. Good, love to see it again. Thanks everybody. Thats going to be a constant now. You see the one outlier is the ftse 100 in the uk. 10year note yield and crude oil, crude was a story yesterday going down, 10year note yield around 1. 5 and now crude up a bit but did seem to take the market down a bit yesterday. As it weakened in the session. Alibaba reporting its earnings this morning and they did top estimates. Overall revenues were up 59 year over year. Gross merchandise volume jumped 24 . Joe tsai is the executive vice chairman of alibaba and he joins us now from hong kong. Its always nice to have you, joe. Theres a long delay, i should let our viewers know. I will talk and then you talk. Not sure were going to be able to talk back and forth as much as we might want to. Let me start with this, joe. Of course a very strong quarter. You did report ....
Fwa the ceo addressing the epipen controversy. Tiffany beats estimates but struggling with a drop in tourism and the dollar store is under pressure, continued weak Earnings Guidance for the year. But first up, mylan taking action in response to criticism of that epipen pricing. The Company Announcing it will cover up to 300 of the allergy drugs outofpocket costs at pharmacy, reducing a patients cost exposure by 50 . Also doubling eligibility for patient assistance, eliminating outofpocket costs for both uninsured and under insured patients. Moments ago on squawk, Heather Bresch was asked why mylan didnt lower the list price on the drug. Heres her response. Had we reduced the list price, i couldnt ensure that everyone who needs an epipen gets one. So went around the system. This savings card is equivalent to cash, ....
To have every reason to be down again today in a followthrough and fought through. What do you make of it . We are not buying the same stocks. People have to understand. Part of the market on fire, no good. Look at a stop like bank of america. Look at wells fargo. There havent been bids underneath these stocks. Stocks that the liesman interview with stan fischer is calling for multiple rate hikes. Now, maybe they walk them back, but we get a strong employment number, these stocks continue to fly. Something to live more. Best performing sector today. On fire. This the buy signal in the group . Saying it the last six months, been dead wrong. You have to keep buying these. Buy the ones jim said, the regional banks. The signal that will happen, the economy is okay. If the economys okay, banks will do fine. Trading below book. Trading at a market discount. No money is in the sector, strong balance sheet, dividends, everything people were buying in staples and telecom. And also the ability t ....
New Braunfels City Council members on Monday appointed a 10-member redistricting committee tasked with helping redraw the boundary lines of the city’s six council districts based on population growth recorded ....