electric, schlumberger, allergan, -- general electric. rocking us in the health sector -- showing rocking us in the health sector. stories is the big the yield curve -- ecb blue line -- youwhite line is the see the blue line and the white line. this is a thing we will be talking a lot about next year. to bear in mind is most of the action is really at the short end. to-yearretty intense selloff. --was pretty relentless two-your selloff. that was one of the key micro stories of the year. alix: definitely so -- julie: definitely so. we saw an attempt of the 10-year to come back. moving on to the u.s. dollar, it follow the trajectory of that yield curve. here's the you're sitting return for currencies against the u.s. dollar. the euro the big winner against the dollar. the dollar had its worst year since 2007. the danish krone, south african rand suffering some political changes there. currency partners with the dollar that fell was the brazilian riel. it is interesting how it was a rally of so many currents versus the dollar. it pains us to

trip adviser, allergan, chipotle getting hammered, this as the dow closed at another record high today are any of these stocks worth buying in the new year or should they remain in the dumpster, tim? >> this istough, because again if you're a technical guy, carter probably has a view on this more than i do. some of them are in industries that are challenged. trip adviser has some secular headwinds. chipotle is i think at least poised to turn around. the valuation was always terrible, it always traded rich, it deserved it it's now trading 1.3 eb to sales. i know they've got some fresh issues in california, they've made a ceo change. fast casual i think still works, although rising labor costs. that would be one where you have a quicker fix than you have in some of these other places >> what's your view overall on dumpster diving? >> i really don't ever do it but looking at that list -- >> i just got a visual -- >> oh, i've done literally dumpster diving many times as a matter of fact the yuletide feels pretty good. >> first things first. >> we have a wardrobe malfunction. you're not 25,

meanwhile, allergan, which makes botox, saw its shares fall about 1.5% to $164.28. >>> a trade dispute reportedly caused boeing to lose a deal with canada to sell that country 18 fighter jets. reuters says canada walked away from an agreement to buy the planes after the aerospace company took up a trade challenge against canadian plane maker bombardier. canada is now said to be interested in inking a deal with australia. boeing's shares closed down almost 1% to $275.54. >>> the movie theater operators regal entertainment and cine world are tying the night. we told you last week the two were reportedly in talks. today regal agreed to sell itself to its british rival for more than $3.5 billion, creating one of the world's largest cinema operators. regal's shares climbed 9% to $22.68. >>> starbucks ordered d up a 30 thousand square foot store in shanghai, its biggest location everywhere. starbucks has been expanding aggressively in china, opening up a new store there every, get this, 15 hours. china is the company's fastest growing market. >>> coming up, imagine going from san francisco t

allergan is renting the tribe's sovereign immunity to protect profits. the move ultimately is meant to stop generic versions from coming to the market. this outrageous deal was called a ploy by a federal district court judge. i would like to know what you think about this deal. should drug companies like allergan be allowed to rent out tribal sovereign immunity to shield their patents? mr. azar: i do not know if i would have any actual enforcement. but i would say i would share your concern about any type of abuse around extensions of patent or protecting from whatever legitimate processes there are. sen. hassan: i appreciate that. if you are confirmed, i hope you will work with me and others on this issue, understanding there are multiple agencies that have some jurisdiction here. i want to touch on another issue. the country recently learned of the case of jane doe, a 17-year-old woman forced to continue her pregnancy against her will in the custody of a shelter that contracts with hhs. jane doe was eventually able to receive the abortion that she deci

ackman's management is accused of planning to take their offer directly to allergan's shareholders rather a negotiated merger. bitcoin futures in 2014. contract launched later today. it will make it easier to bet against the digital currency. gary cohn told bloomberg he is keeping an eye on what is going on. >> they have approved a couple of futures contracts. it will allow the people the ability to short it. there is never been a transparent market in bitcoin. we will see what goes on. it is an evolving market. the the italian soccer team inter milan plans to sell 300 million euros of bonds. comes 18 months after a chinese company agreed to buy a majority share in the club. according to a person familiar with the matter, it is to refinance debt. that is your bloomberg business flash. itlet's get over to the oil mart where prices have hedge tire after near record chinese orders for foreign crude signal to stronger demand in the world's second-largest economy. shale next lower have suggested they are gearing up for a drilling surge in 2018. what could it mean for oil prices? joining us is

i wanted to ask you about allergan going forward. >> it's been crushing me it drives me crazy i'm takingd whipping myself lots lately on this one i'm sticking with it i tell club members i know i've been wrong but i'm sticking with it let's go to randy in florida randy? >> caller: booyah, cramer. randy here from weston, florida. fly, eagles, fly, baby all the way. i hope let's just hope. got a question for you, want to know what to do with a little bit of some cvs stock? >> i think vcvs is at the bottom end of the range i'm staying with it down here. let's go to josh in washington, d.c. josh >> caller: hey this is jim from washington, d.c. at the university of maryland booyah >> indeed. what's up? >> caller: i'm calling about paycom software. crushes earnings by at least 10%. i'm wondering where you think you can go, i know this growth can'tlast forever. >> it's up 81% bulls make money, bears make money, pigs get slaughtered. i want you to take out your cost basis and let the rest run i'm going to bob to new york bob? >> caller: hi, jim, how are you doing? >> i'm doing well. thank you fo

shareholders alleged that allergan and valeant illegally had talks before the bid >>> we'll have moren bitcoin, next or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. another day of work. why do you do it? it's not just a pay check, you actually like what you do. even love it. and today, you can do things you never could before. ♪ ♪ you're developing ai applications on the cloud. finding insights hidden in decades of medical documents. and securing millions of iot sensors. so get back to it. and do the best work of your life. ♪ ♪ >>> and we are here to tell you about bitcoin and putting it to the test. >> more businesses are accepting the crypto currency. can i give you $10 worth of bitcoin? >> worth of what >> worth of bitcoin. >> i have never heard of bitcoin. >> you have never heard of bitcoin. >> our system doesn't take that. >> so you don't accept it? >> w

here's some of the bigger generic drugmakers, allergan, mylan, you know, maybe the generic drugmakers see. if you're still wondering about what your tax cuts and the jobs act is going to affect you in the coming year, what does this all mean? i've got some good news for you. the tax policy center says it's going to benefit most american taxpayers at least until key provisions expire. according to the tax policy center, only 8.5 million americans will pay higher taxes compared to about 143 million who will pay lower taxes. now, the same study also showsç that millionaires will get an average of nearly $70,000 extra which is 4.3% while those in the 50-$70,000 bracket are going to get about a 1.6% benefit. but what about the bigger picture effects of tax reform? just ahead of the act passing, the national association of manufacturers ceos' survey showed optimism was at a 20-year high on the prospect of the tax reform bill. so now that it's officially passed, what are they saying? sign proking me now in -- joining me now is jay timmons, the ceo of the national association of manufacturer

he is said to have bought allergan shares while secretly knowing valium was planning a hostile takeover u.s. judge entered a tentative ruling today. the boston herald has filed for chapter 11 bankruptcy in delaware. the newspaper agreed to sell operation assets to gatehouse media. they been struggling with pension and declining liabilities. the deal should allow operations to continue. banks with billions of dollars at stake in the stein has scandal will have to wait. delayed a meeting with lenders from december 11 to the 19th amid accounting irregularities that are keeping it from a listing earnings. total exposure to lenders and other creditors was almost $21 million as of the end of march. and pepsico is transferring its listing -- moving its listing from the new york stock exchange to the nasdaq. the switch will happen after the market close on december 19. in a statement, pepsi says the move will provide greater cost savings and allow a better connection with investors. pep will remain the same. that is your business flash update. a better connection with customers? really? appeari

investors claim company gauge and insider trading during their unsuccessful 2014 takeover bid of allergannues to deny the allegations but says it was in the best interest of investors to settle that case. airbus is ending the year on a high note. the company announced it will to chinairliners aircraft on the heels of airbus firming up its biggest ever order. airbus has been hampered by sluggish sales of its wide-body and ultra large jumbo jets as well as a recent shakeup in top management. even with the success of the latest "star wars film" u.s. forstic grosses will drop 2017 after back-to-back years of record-breaking numbers. of expected total intake 11.1 billion dollars will likely represent third-highest grossing year in cinema history. and that is your business flash update. joe: from the apple story we just discussed to uber striking a deal with softbank, it has been a big week for tech. alastair: hi, joe. how are you? today, we will be talking with alex webb, apple reporter extraordinaire, and andy pollack, tech news editor. and softbank, the biggest deal in tech this week and for