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Halting max production plus, iff is merging with duponts biosciences and nutrition unit it is a deal that will create a new consumer giant valued at more than 45 billion. Iff ceo and duponts executive chairman will be joining us to discuss the deal in just a few minutes. And record rally, the iss p and nasdaq new highs lets start with boeing, moving lower in the premarket, the journal is among those reporting that the company is considering suspending or cutting production of the 737 max. In response to the story, boeing issued a statement to cnbc saying it would continue to assess production decisions based on the timing and conditions of a return to service for the max. And as we know, guys, faa last week through cold water on that return happening before year end. Right i think that this is something that some people say it is a foregone conclusion. And that the reason why you didnt see this before was that the way that accounting works, something i think a great cfo would understan ....
Year low today how low will it go first, the dow started off the week sinking, then soaring back to close before 26,000 for the first time to close right under that key level as volatility today the vix surging 20 even as the markets soared and the ten year yield hit its highest level signs 2013 s. Volatility back for good is this a sign we are starting to see cracks in this rally, guy. Are you grooving over there, guy. He is boogying. Im taking it all in. This was my wedding song. As it should be. Lot of people out there, crack, s p close at an alltime high, russ areal was up. Tuesday was a fake out it signalled for me the potential of a shortterm top. That lasted eight hours. What is interesting. Bob pass any was talking about unperformers and he mentioned materials. I love bob but i dont know what he is talking about because mack moran closed around 20 bucks thats tims trade for the last six to nine months continues to work i think materials. Banks reversed today i think the rally i ....
Lets bring in michael ye and another health care analyst. Michael, first you to. Given the deals that we have seen, not just today but in the past, why do you believe a biomarine or vertex may be takeout targets down the line . Two reasons. One is if you looked at biotech valuations, theyre down 35 off the top in the last 6 to 8 months on political rhetoric that we talked about. So asset prices have come down and become a lot more attractive. The second point is that theres no change to the fact that Big Companies need commercial products and they need pipeline. Thats exactly what youre seeing. And what will those companies have that make them attractive you to or to potentially bottom . Les, we can hear you. Well get to you in a second. What makes them potential buyout candidates . Both vertex and biomerine have real revenue. Theyre out there right now plus pipelines. You get both of those with that. And so both of these companies ....
Been chipping away at flash flooding jobs. Now automation robots may be coming to the csuite. I thought some of our ceos were robots, i dont know. You better be hoping theyre not watching. Its a tale of two economies right now here in the United States. The Consumer Holding up but not so much on the industrial side. Morgan brennan is taking a closer look at the socalled industrial recession and what that could mean for the overall economy. Morgan . Thats right. So as commodities continue to collapse, Global Growth weaken, and the dollar strengthen, energy, mining, and manufacturing all struggling. We have seen Companies Slash cap ex, jobs, and financial outlooks and now a number of experts ever warning a socalled industrial recession is taking root, including u. S. ....
Finding money in garbage, yes, trash. You wont believe the big names lining up behind this trade. Hi, everybody. Tyler is out. Mannedy is on the half time report this week. So youre stuck with us. Were getting a modest rally. You have three things going for you. You have oil on the upside. Its behaving. You have a modest time to rally and a europe rally. Thats all you need going into the close. Modest expansion of new highs. Ill show you in a couple minute. Thats been there all throughout the day. The volume predictably on the light side. Lowest volume dave the year yesterday. We have a broad swath of sectors on the upside here. I would have liked to see energy and materials. The losers on the year leading. Thats not the case. Tech, health care. Energy up is. Consumer name, remember, value outperformed growth throughout the year. So kelloggs, kimberly clark, smuker, new highs for them. People are debate wlg this is going to happen in 2016 or not. And, of course, consumer name have done ....