this is "nighlty business repo with tyler mathisen and sue herera. going hostile. teva pharmacy launches an unsolicited bit for mylan and it could shake up the drug industry. bird flu fears in iowa consuming one in nearly five eggs consumed in the country. the simple savings tactic that could increase your nest egg. that and more on "nighlty business report" for tuesday, april 21st. good evening, everybody and welcome i'm bill griffith in for tyler mathisen. >> and i'm sue herera. the red hot market for teva pharmacy making an unsolicited

bid for mylan. the price tag $40 billion, the largest potential takeover in the drug industry this year. the shares of mylan soared 8% and the shares for teva were higher. this could change the landscape of the industry but there is no guarantee anything about it will be easy. megan tirrell has more. >> another day and another deal in the drug industry. neva's offer for rival mylan comes on the heels of mylan's offer to buy periggo, a move some expected to be defensive. it contributed to deal activity among drug companies. >> you have to be big or you will get acquired. >> but mylan is not expected to go easily.y rejected the idea of a merger with teva saying it will be a cultural clash and could raise anti-trust

concerned and teva dismissed that today and said they could close the deal by the end of the year. the israeli company said they could create a transformative generic drug company with revenue of $30 billion and there could be $2 billion in cost cuts it anticipated. teva makes the multiple sclerosis medi copaxone which brings in billions of dollars a year and could seek growth through acquisition. >> teva clearly feels they need to do something now that momentum is going to come up with a generic. >> it could raise questions from regulators concerned about rising drug prices and shortages due to industry consolidation and analysts believe that mylan may seek a higher price. bernestein said it could ask up

to $90 a share and this could be a long battle. for "nighlty business report," i' meg tirrell. on wall street that proposed deal helped prop up the nasdaq but the averages fell on uninspiring earnings reports. by close the dow jones closing 85,000 at 17,949 and the nasdaq was up 19 and the s&p fell three points. bob has more on the message corporate america is sending to investors. we are finally in the heart of earnings season and two clear trends are emerging. number one, earnings are dropping since companies beat estimates but second revenues are bad and getting worse. that i worse. and weak revenues are largely blamed on the strong dollar and with some justification. the dollar index rose almost 10% on the quarter.

that is an amazing move. the strong dollar hurts revenues because it reduces the value of money in other current -- currencies. dupont was down 9% due to the strong dollar. dover which makes drilling equipment and pumps and refrigeration and equipment said they are down because of the dollar. and davidson said they were hurt by currency and lower shipments. these are just examples. other companies are reporting similar problems. now obviously if your revenues are mostly in the u.s. it is not much of a problem but for multi national companies that make revenues overseas this is a big problem. here is why. the stronger dollar has made multi nationals less competitive and that is one reason u.s. stocks are lagging global peers in 2015. i'm bob pis annie at the u.s. stock exchange. and verizon and travelers

are out. verizon felln reports that beat but revenue fell short. travelers fell short on both ends but did hike dividends. verizon fell a fraction but travelers was off 4%. six senators have asked the fcc and the justice department to reject comcast proposed $45 billion merger with time warner cable. this call came from democratic senators al franken, ed marngy,al wisen, liz beng warren and independent bernie sanders. they believe a combid company would lead to higher prices for consumers an fewer choices. executives from the two companies are meeting with regulators tomorrow to talk about the deal. comcast is the parent company of cnbc which produces this program. a trader has been arrested for his alleged role in the 2015 "flash crash." the justice department charged a high frequency trader in the

united kingdom which contributed to the "flash crash." the department alleged that the trader profited by $40 million by using an automated trading program to manipulate futured tied to the s&p 500 index. turns out the biggest job index occurred in the states with the largest oil and gas industry. according to the labor department texas lost the most jobs at 25,000, followed by oklahoma and pennsylvania. the drop in the oil prices beginning last summer has caused energy companies to cut back on drilling. unemployment fell in 23 states according to the report. they rose in 12 and remained unchanged in 15. and bill some of the job cuts came from houston based baker hughes. and the oil and gas services company acquired by halliburton cut 17% of the total work force

during the first quarter and closed facilities and reports earnings below. it is a reflection of declining e misses and -- prices and expected a falling count on second quarter. the shares dropped nearly 1.5 point. and so job cuts are some of the prices discussed by energy leaders at the annual must attend conference for the sector. brian sullivan has more on the gathering. it is called the ihs energy sarah week in houston. houston, the oil capital of america but this week the oil capital of the group, thousands of executives are gathering here to try to understand not only what has happened with the price of oil and gas, but where the industry is going in the months ahead. this time at the conference last year the price of crude oil, $100 a barrel. i asked dan ergen how the mood of the conference has changed since then. >> a year ago the mood price was

the oil price was $100 a barrel and that was the new normal. there was concerns about costs at $100 a barrel. now the mood of the conference today is gritty realism and recognition that it is cyclical. >> and the reason so many has gathered here is because you have topnotch speakers. ceos of the biggest compe world. case in point, bp ceo bob dudley and how he sees the market playing out over the next year. >> it is lower for longer. don't know how long. several years is a possibility. the u.s. the increasing oil production and the rigs have come down from 1600 to 750 and prices go up. >> and prices are the hot button issue. and where is the price going in the months and quarters ahead but the other hot topic is two-fold. iran and also crude oil exports and whether or not we'll see the export ban from america lifted. i asked dan urgen what he

thinks. >> i think there is a sense of forward motion on it and is it eliminating a ban of 40 years out of date or are they going to kind of do some regulatory jiu-jitsu to get more out. and the other question is if the crude export is ever lifted what would that mean to the oil industry and what would that mean for the price of oil. this is an industry in a bit of turmoil but the oil industry a notoriously optimistic one so as you imagine everybody thinks the price of oil will be higher in 12 months than it is today. for "nighlty business report" in houston, i'm brian sullivan. on the west coast another conference. tevins of thousands of tech industries are gathering and since so many are vulnerable to the cyber industry is booming. we report from san francisco. >> this is the rsa cyber

security conference and one of the biggest events every year. behind me we have one country with the star wars bar and behind them they are r experts to come and work for the government. a lot of focus on the potential ipo companies displaying wares here today. they are expecting seven companies to go public over the next 12-18 months. but for ip vestor this is can be confusing jumble. companies offering different things. experts say you have to do your homework to understand the difference between the companies. >> first of all, you have to look at the underlying tech organization. they have to do a deep dive. it is no longer about blocking known signatures it is about the detection and response. there are a lot of companies making that claim they can do that. >> but even before this conference started,st there has been some controversy. we talked to chris roberts, a cyber security experts who has a series on how u.s. aviation is

vulnerable through att ent the airlines are puttingin. roberts was on a flight and tweeted out information about the vulnerabilities and detained by the fbi and airport security when he landed. >> i tweeted when i was mid point between denver and d chicago. landed in syracuse and everybody on the plane was told to sit down and two uniformed officers and fbi agents came on the plane and i got taken off the plane, very civilized and a third joined them and we had a several lengthy conversation. >> they had no comment. and united said they are assuring people there is no danger of hacking of their systems. the way chris roberts described but they decided it is inappropriate for him to fly on their flights in the future so that is set stone. meanwhile they are doing a lot of business here at the conference. for "nighlty business report," in san francisco. >> still ahead, an impact on

the price you pay for groceries if the bird flu outbreak spreads. blue bell creameriess are pulling all of the products off of the shelves. they distribute frozen desserts to half of the country has investor relationsued a recall after listeria was found in two cartons it founds ice cream, frozt and sherbets from all of the manufacturing facilities. the company ceo apologized to all blue bell customers. and in the poultry industry there are growing concerns over the bird flu virus. efforts are under way to stop it

from spreading after discovering another outbreak in iowa which the nation's largest egg producing state. morgan brennan has more tonight. >> this week the u.s. department of agriculture confirmed another case of bird flu. in iowa it is sunrise farms owned by a privately held company. they said this farm housed 4 million layer hens that lay eggs and they went to quote, great lengths to prevent them from contracted influenza and now they are under quarentine. and that development is troubling. we have to respond to the challenge with commensurate action and investment. up until now we haven't had to do what i believe we're going to have to do in the future. but the industry adapts and adopts new technology and new techniques. >> this new case is the largest reports by the usda since the

outbreak started last year bringing the total numbers affected to 6.5 million. cases reported in a dozen states including minnesota, missouri arkansas and the dakotas n. wisconsin, governor scott walker declared a state of emergency, issuing quarantines and enlisting the national guard to help with clean-up. u.s. and the usda said there is little risk to human health but growing risk to the poultry industry. >> we'll have to adopt stricter bio bio community for the droppings and our commercial farms. i have every confidence it can be done. >> a growing list of countries including china, south korea, canada and mexico have banned or limited imports from the u.s. because of the flu and food companies are feeling the pain as well. hormel said whole year ernss

will be at the lower end of previously stated guidance and other companies are steering clear of poultry and sending sanders and pilgrims pride lower since the start of the year. for "nighlty business report," i'm morgan brennan. we talk more about the bird flu and how it might impact. farmer nice to have you here tonight. let's start with your sense of the bird flu first and whether or not it can be contained quickly as our experts in that piece just said that he thought it would. do you agree with that? >> the u.s. poultry industry both egg, turkey and chicken are responding actively to the bird flu threat. they are in vesting capital and we do anticipate that the problem will be contained. it will take some time but probably within a year normally food companies are able to off-set the losses from bird flu. >> how close are we to finding a

way to prevent this to begin with. this just comes up time and again and it just spreads and we quarentine and then it happens agai can we do to prevent this in the future? >> we have newsroomous -- numerous scientists across the country trying to address. this but the best is bio security and you're already seeing the poultry industry moving to restrict access to the farms. but unfortunately just right now it is being spread by might ratory foul as your previous piece states and that decline as the migration curtails probably byhe -- by the summer. >> what about the price of the commodities, you said eggs turkey and chicken across some 12 states e we have a litt bit of a game because seasonabley it is not an egg season. but how much can we expect prices to go higher? >> now we have 1% of the poultry or egg supply in the u.s. out

off online and so we do expect -- offline so we do expect egg prices moving up. egg prices are down 5% year-over-year and going forward we expect prices to tick up. for example, turkeys in the last month, turkey prices have increased about 5% as we've seen more and more turkeys be impacted by bird flu. >> sarah thank you very much. farrah os islam with pharoah stevens. >> thank you for having me. late earnings from yahoo and they disappoint. the focus of the tech giant falling by 60% from a year ago and the display advertt business is stalling. shares fell initially but then rebounded before the close and the stock was though off a fraction to $44.49. it was the on set story for am gen.

easily topping strong drug sales and increasing full year guidance. shares spiked right after the report. before the close thebe stock was up 1.5% to $168.46. and chipotle delivered a mixed report. the erpgings were above estimates but the revenue was lower th analysts were expected. over all the fast casualty restaurant chains saw revenue slow down and that sent shares down after the close but before the end of trading shares were up a fraction at $692.52. the lender saw earnings fall because of currency vola tielt. the athletic maker beat on the top and bottom line and did hike the 2015 guidance. but still shares tumbled 5% to 83.52. whirlpool is hiking the dividend by 20%. the payoutf 90 cents a share will be paid out as of may 15th.

the yield on the dividend is nearly 2%. shares were off slightly today to $193.97. a new retirement survey has good news and some bad news. first the good news. american workers and retirees are more confident about their ability to retire. the bad news is there is little evidence they are taking the necessary steps to reach that goal. all of this is according to the most comprehensive annual reports on retirement by the employee benefit research institute. sharon epperson joins us with more on the report and how a simple change in savings could go a long way. i mean if people's daily expenses are just too high it is not unreasonable to expect that that is why they are not saving right now, right? >> it is not unreasonable to expect that and that is why we are looking at 57% of american workers who have saved less than 25,000 dollars for retirement and what is startingle is those who said they could save more. seven out of ten workers said if

they could save $25 more and they could and that could make a difference. >> an if you compound it and save 25 and that little bit over 10 or 20 or 30 years could add up. >> and a lot said $25 is a lot for me and it can add up and you can do it if you give up a couple of things. and by the end of the year $25 is that much for you and you put that in a roth ira and by the age of 67, over 48,000 dollars could be saved in contributions and you add a 4% return, not asking too much, hoping your s that much annually 110,000 dollars extra. so a little bit can go a long way. >> but how do you free up the extra $25. >> this is what is interesting. people said what you would expect. eat out less stop buying coffee. could also stop --

>> pack your lunch. >>treaming videos and cut down on that. about a quarter of the people in the survey said they wouldn't have to give up anything to get an extra $25 a week. so it just takes the extra discipline. >> and to start. people are so scared to start. thinking that is too small and i can't retire any way but a little bit will help. >> somebody out there tonight, they've been inspired. >> i hope so. >> get the $25 out there. >> if anybody can do it she can. >> sharon epperson as always. thank you. and to read more about saving to retirement heato our website, nbr.com. and meet the ebt preneurs turning cannabis into business. the first of the three-part series marijuana and money is next.

here is a look at what to watch for tomorrow. dow kpoends, mcdonalds and coke report before the opening bell. after the closing bell we'll hear from at&t e-bay and facebook. existing home sales for march are due out and general electric will gather for the company's annual meeting and that is what is on the agenda for wednesday. elsewhere, the results of a new large scale study add to the

body of evidence that finds no link between a specific vaccine and autism even at children increased in genetic risk. >> in over 95,000 children we found that there was no evidence of a harmful association between the mmr vaccine and the development of autismf spectrum disorders. >> dr. jane of the lewin group, a health care consulting group led the study published by the journal of the american medical association, the research comes after low immunization outbreaks led to measles, including one stemming from the california's disneyland. there is a brand new breed of entrepreneurs budding out of the marijuana economy. dina takes us inside of an opportunity at the intersection of medical marijuana and

technology. >> robotics is the future and we want to represent the cannabis industry. >> one company, pot botics is combining science technology and weed. >> it is called pot bought. >> a robot for dispensaries and clinics and an idea conceived by a ph.d and a 23-year-old. >> we are a father and son. this is a dispensaries to help educate patients more on how the medicinal benefits of cannabis effect them based on their specific ailment. >> you come up with the ailment you are suffering from and type in age, jebder and what state you are in and the symptoms will be populated and you select out of those and a personalized cana bannoid will be generated. >> and brain bot will look at the brain waves of the patient

and we're trying to quantify the effects of cannabis and the responses that theth brain waves have to cannabis. >> eric is a medical marijuana patient who suffered from anxiety. >> this will amplify the brain waves to see what is going on in the head. >> dina won't be smoking, but it will give us a good baseline for what a nonsmoker's brain line looks like. >> and now we can take a look at your brain activity right here. >> so an untrained eye it might look the same but it does show a deeper state of drowsiness and relaxation. >> hopefully doctors will buy brain bot and personalize for patients suffering from epilepsy and other neurological disorders. >> i'm dina cass off ski in los angeles. >> to read more about the company and the other marijuana start-ups head to our website at nbr.com. and tomorrow when the

emerging of the cannabis industry is causing real estate to soar. i got a sneak peek at that transcript and it is great. >> from an economic standpoint it will help states with tax revenues real estate prices and all of that is happening right now in various states that is for sure. it for "nighlty business repo" nor tonight. i'm sue herera thanks for watching. >> i'm bill griffith everybody. thanks for watching. we'll see you tomorrow.

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