Good afternoon. Welcome once again to power lunch. Im john for tte, energy up 13 this week and financials also down about 2 . Its the regional banks seeing the most pain, first republic, pnc, truest financial leading that sector lower. And Airline Stocks all lower as we get a clearer picture of what Holiday Travel will look like in this persistent pandemic first, lets get to bob pisani for more on the Market Action today. Bob. Hello, john what happened to our value rally . Banks and things like that moving to the up side, Energy Stocks it got smacked by Covid Concerns and by the lack of stimulus. Thats a problem what do we do . Hey, lets go back and buy workfromhome stocks again. The docusigns, zoom videos, activision, some of the other tech names are barely clinging on to gains. Service, which is a big what we call a high beta mover on the day is on the up side. So are some of the Semiconductor Stocks but the rest of the Technical Area is pretty much split to the down side. Another gr
Dep. Atty. Gen. Rosen good morning. I am jeff rosen, and i am pleased to be joined today by vermonts u. S. Attorney, christina nolan, new jerseys First Assistant u. S. Attorney, dep. Atty. Gen. Rosen ok, good morning. I am jeff rosen, and i am pleased to be joined today by vermonts u. S. Attorney, christina nolan, new jerseys First Assistant u. S. Attorney, rachael honig, our acting assistant attorney general for the Civil Division, jeff clark, and the eastern texas u. S. Attorney, steve cox. This morning, subject to court approval, the department of justice is announcing a global resolution of our criminal and civil investigations into the opioid manufacturer, Purdue Pharma, as well as a civil resolution with members of the Sackler Family, who comprise the shareholders of the company. H members of the Sackler Family, who comprise the shareholders of the company. Before we address the specific terms, i want to provide some context of how todays announcement fits into dojs wider efforts
Rosen announced Purdue Pharma agreed to plead guilty to criminal charges and pay more than a . 3 billion in fines. The settlement also includes members of the Sackler Family, owners of Purdue Pharma, who will pay additional fines for settlements. Dep. Atty. Gen. Rosen good morning. I am jeff rosen, and i am pleased to be joined today by vermonts u. S. Attorney, christina nolan, new jerseys First Assistant u. S. Attorney, rachael honig, our acting assistant attorney general for the Civil Division, jeff clark, and the eastern texas u. S. Attorney, steve cox. This morning, subject to court approval, the department of justice is announcing a global resolution of our criminal and civil investigations into the opioid manufacturer, Purdue Pharma, as well as a civil resolution with members of the Sackler Family, who comprise the shareholders of the company. Before we address the specific terms, i want to provide some context of how todays announcement fits into dojs wider efforts to address th
Morning. And ready for takeoff . Were asking you, loyal viewer, if the time is right to get back in the air it is thursday, october 15th, and this is worldwide exchangeexchange exchangexchange good morning, good afternoon or good evening, everybody and welcome from wherever in the world that you may be watching im Brian Sullivan it could be a rough day for the markets. Dow off nearly 300 now, lack of stimulus from d. C. And concern about new lockdowns in europe will probably get most of the headlines, but weve nine th known that for a while and this could also be hitting sentiment right now. The Financial Times reporting that france and netherlands seem to be on board with a possible plan to go after big u. S. Tech companies, a leaked paper suggesting that an effort to break up some of the big names is, quote, on the table. Look at those losses in europe, apple down 3 , facebook off 2 and amazon down 2. 5 and here the dow shedding another 160 plus points and on track to snap a two week
Streets is on acceptable and anger is not enough. Our president is committed to action. Doj has a rested over 100 anarchists for writing and distraction of federal properties and the doj has also charged for men in federal court for attempting to tear down the statue of Andrew Jackson in lafayette square. Fbi has over 200 open domestic terrorism investigations ongoi ongoing, ag barr has created a task force on violent antigovernment extremists led by the u. S. Attorneys office in new jersey and the u. S. Attorneys office in northern texas. With 200 trump appointee judges confirmed the rule of law will be upheld. Democrats at all levels, federal, state and local had done nothing. Senate democrats blocked by partisan police reform, minnesotas democrat governor failed to urgently deploy the National Guard and it took President Trump for that to eventually happen. His suggestion and ultimate descendents into chaos in minneapolis. Three democrat Minneapolis Council members voted to abolish