as a result, altria shares fell more than 2% the day.land has more. >> reporter: as vaping concerns rise. marshalak borrow altria is lowering the value of its development in juul. ss than a year after the toerk giant made a $13 billion investment in juul for 35% stake, altriaaeo howardlard said on t earnings call thahaha 5% estment is now worth less. >> while we had a range of scenarios making our investment in juul we did not anticipate in amatic a change in the e-vapor category. certainly the lg injury i think was something we had not predicted. and -- and the pretty dramatic potential, regulory change. >> today the cdc announcing 37 people died from vaichg related tilzs there more than raft week week. h illness numbers climbing to 1,900, a more than 17% increase. bothhe fda and cdc continue to chemical aalgressional f the ep leaders push for a ban on all flored vaping products. >> it's so important that we put is in effect asap to prevent more kids pr vaping. illinois representative raja crediting that morpgty led wrote a letter to th

now or some of these new tobacco products >> altria it's sold off a lot.t its relative valuation it's not at historic lows with difficult times remaining head for juul and potentially limited traction on costs. we have our reservationsp we remain cautious on altria. >> lawsuits aside how problematic is it banning flavors from the juul pods >> from my understanding they've banned everything but two flavors right now. some of the most popular look at it why are they banning it it's coming from the kids that are doing it and they're trying to -- it's the regulation is going to start from the state level and have to be implemented from the federal level i mean there wases some -- there's serious violations here and there's proof, they're sending the stuff through the mail, that's a federal offense, that's where it's going to have a start. you know, the old saying goes, you sell the lawsuit, you buy the settlement right now, there's going to be some weakness and it's not coming in the stock right now. looking out, where are we going to find the stock six months

altria said it did not expect the challenges that juul faces.ing blamed for a rise in teenage vaping. juul announced it will cut around 500 jobs as part of restructuring. altria, which owns marlboro faced a decline of cigarette sales when it invested in juul looking for that to be the future. it was one of the most promising start-ups in silicon valley. >>> pivot, pivot, pivot. a serving of "friendsgiving" coming to a theater near you. >> the food smells great. >> and the place looks so nice. >> yeah. >> hey, hey, happy thanksgiving, everybody. >> happy thanksgiving. >> well, this has been great. >> see ya. >> all of your favorite thanksgiving-themed episodes from the classic tv series "friends" will screen in movie theaters across the country on thanksgiving weekend. the episodes have been remastered in 4k. it comes after success of the show's 25th anniversary. >> no one has that new york apartment. >>> while you were sleeping, stephen colbert put a "late show" spin on a charlie brown holiday classic. >> soon, the great pumpkin will rise out of

altria, as we mentioned, owns a 35% stake in juul.ng action, not just new york and california. this as the trump administration comes under criticism for not only walking back its promise to ban most flavored e-cigarettes, but going kind of radio silent on that threat. joining us now with the details on the new york a.g. lawsuit is kristina partsinevelos life from the financial district in lower manhattan. this is an interesting one, because at first the administration was going all out, hamminger vaping and -- hammering vaping and how bad it was for minors, and now they've gone silent while states have gotten louder. >> reporter: right. the president seems to have backed down when it comes to a nationwide ban, but you have the new york attorney general actually say that juul took a page out of tobacco's playbook, you know, 50 years ago with their deceptive advertisements, attractive models, catchy words like hashtag vaporize. they even through parties in new york city, in the hamptons, which is why she's suing juul for misleading you

altria said it did not expect the challenges that juul faces.s blamed for a rise in teenage vaping. juul announced it will cut around 500 jobs as part of restructuring. altr altria, which owns marlboro faced a decline of cigarette sales when it invested in juul looking for that to be the future. it was one of the most promising start-ups in silicon valley. >>> apple starting off with star power. without much content library. "the morning show," featuring jennifer aniston. and apple has signed on oprah winfrey and steven spielberg. apple tries to grow its services business. apple reportedly spending $6 billion on content. this service will cost $4.99 a month and will come free for a year, with the purchase of an iphone, ipad or mac. >>> a spin on a charlie brown classic. >> the great pumpkin will rise for all to see. >> the great pumpkin is not coming. he's been impeached. >> what does a great pumpkin do? >> remember that official phone call we listened in on. >> ukraine. quid pro quo. >> if the great pumpkin has been impeached, who will take his

i wonder, from a business standpoint, they had a partnership with altria, but the altria-philip morrisl has been called off. ellen: i have been sensing that they have been trying to put their public message, we really want to be compliant, careful, we want to earn back the trust of american consumers. this has been an interesting pattern. you mentioned the vaping deaths have been a big part of the headline. in fairness to juul, many of the vaping deaths have been related to thc vapes that have vitamin e and other additives that juul says is not present in their products. they are getting a lot of heat because they are the biggest e-cigarette company. taylor: bloomberg's ellen huet, thank you for joining us. still ahead, qualcomm's ceo says it is important for the u.s. and china to work together to make 5g an international standard. this is bloomberg. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technolo

altria decided not to merge with phillip morris.y decided not to come back together again in parts of because of the hysteria around vaping. they do have the rights to market the product. that may be the way forward. david: truly interesting. great reporting. that is kailey leinz. coming up, the view from kiev with the read on how the impeachment inquiry is affecting the country congress was trying to help. this is bloomberg. ♪ david: from new york, this is "balance of power" on bloomberg television and radio. i'm david westin. for bloomberg first word news, we go to mark crumpton. mark: boeing thought it was close to a safety update to the grounded 737 max jet but problems with the stimulated -- simulated flight delayed for months. in resembles the problems that caused a pair of deadly crashes months earlier. boeing was forced to overhaul the plane's flight computers. president trump is set to rewrite the rules on vaping. he announced plans for new regulations today on e-cigarettes and vaporizers in the united states. oute are goin

taking a look at altria which has a big stake in juul. i wonder how much of the playbook of going after big tobacco is also being used by these attorneys general? jef: this litigation against juul is referred to as tobacco 2.0. there was the same marketing public nuisance made against the makers.cigarette some trial from the opioid litigations, we are starting to see how makers. none of it got to trial. this theory works. to get it is not pretty. when it works, it is very expensive for the defendants. vonnie: what will the defense be on the part of juul labs? jef: again, out of the playbook -- we marketed responsibly, we did not break any laws, we did not target people under 18. we are not the bad guys. we are not tobacco. vonnie: thank you. fantastic summary of what's been happening. two attorney general's, california and new york, attempting to stop juul labs from selling and marketing vaping products. amber: coming up, we have protests in hong kong that we are continuing to monitor. despite calls for peace from the city's leader carrie

he just finished meeting with the executives of juul, altria, rj reynolds along with the campaign for tobacco-free kids and the american lung association, among others. and also just hitting the wires, the president is saying the minimum age he feels should be the new requirement for all cigarette purchases when it comes to e-cigarettes is different than what it is now. we will take you straight to the white house to tell you what he's saying and we will check on the e-cigarette stocks. >>> we have wall street powering higher after chinese president xi jinping said he does want to do a phase one trade deal with the united states, but as you look at today's uptick in stocks, it probably won't be enough to extend the multi-week win streak for the bulls. the dow jones industrials, nice move, up 112 points. the s&p better by 6. the nasdaq higher by 8. >>> millions and counting have already seen this all day long. the armored glass on elon musk's new all-electric cyber truck failing at a very public way, shattering. but why didn't tesla just use this super glass that i stomped all over in

. >>> tobacco company altria is cutting the value of juul lab by a whopping 4.5 (500) 000- 0000. that move lowers the value from 38 billion $38 billion to $24 billion. the company didn't predict the recent number of vaping related lung illnesses. also concerned that stricter regulations on vaping will curve juul's growth. >>> the number of u.s. vaping illnesses has gone up again. the centers for disease control and prevention says 1,888 confirmed are probably cases reported in 49 states that includes 37 deaths. not one single ingredient has been linked to vaping. most people that became sick says they vaped products containing thc. >>> up next a man in the south bay is dead after an altercation with police. what the man was doing that led up to that officer's engaging. >> plus helping the homeless. how san francisco mayor london breed is working towards her goal of adding 1000 beside for the homeless by the end of next year. >> good morning you can see traffic is doing pretty well. we'll tell you a little more about this friday morning commute. >> and the friday morning weather i

has cut the value of its stake in the electric cars to its customers marlboro maker altria has cut the value of its stake in the electric cigarette company by $4500000000.00 stickers direct company by $4500000000.00 r r t is rachel love and. love and has the latest. while the united states government is considering a beta. while the united states government is considering a ban on flavored east cigarettes the popular company jewel is facing even more backlog on the unflavored east cigarettes the popular company jewel is facing even more backlash is causing them billing in months after investing $12800000000.00 it is costing them billions months after investing $12800000000.00 for a 35 percent stake in its rival jewel all through group was cut the value rollers for a 35 percent stake in its rival jewel all through group was cut the value of its stake by 4500000000 citing unexpected changes in the market and the positive at stake by 4500000000 citing an expect. changes in the market and the possibility of. that great include a shot of that old thing again and quickly. growing out of wrot

has cut the value of its stake in them in a pause to its customers marble maker altria has cut the value of its stake in the electric cigarette company by $4500000000.00 r.t. is rachel love an electric cigarette company by 4 point $5000000000.00 r.t. is rachel love and has the latest. while the united states government is considered has the latest. while the united states government is considering a ban on flavored east cigarettes the popular company jewel is facing even warning a ban on flavored east cigarettes the popular company jewel is facing even more back watches causing them billions months after investing $12.00 per back watching news causing them billions months after investing $12800000000.00. as for a 35 percent stake in its rival jewel all true group was cut $1000000000.00 for a 35 percent stake in its rival jewel all through a group that's cut the value of its stake by 4500000000 citing an expected changes in the market and the value of its stake by 4500000000 citing unexpected changes in the market and the possibility of future government regulations that could include a f

has cut the value of its stake in moderates to its customers marble maker altria has cut the value of its stake in the electric cigarette company by $4500000000.00 r.t. is rachel love and has the latest cigarette company by 4.5 $1000000000.00 r.t. is rachel love and has the latest. while the united states government is considering a best. while the united states government is considering a ban on flavored east cigarettes the popular company jewel is facing even more flavored east cigarettes the popular company jewel is facing even more backwashing . crossing them building is actually is clear and convincing us to. get billions so just months after investing $12800000000.00 for a 35 percent stake in its rival jewel all through group was cut the value of dollars for a 35 percent stake in its rival jewel all through group is cut the value of its stake by 4500000000 citing unexpected changes in the market and the cost of that stake by 4500000000 citing unexpected changes in the market and the possibility of future of your government and reagan related to. that clued in the bank founder of

hearing from he's hearing from juul"juul is one of the leading vaping producers...it's part owned by altriaompanies...and the vaping companies and their customers have orchestrated a campaign to keep flavors legal. "adults wearing these buttons that say we vape and we vote, it's a tiny sliver of america the kids should be wearing buttons that say i vape and our health is at risk"tuesday senator durbin sent a letter to the president asking him not to break his promise.but the white house denies any promise has been broken.in a statement a spokesperson says quote "we are in an ongoing rule making process and will not speculate on the outcome."" erika sward with the american lung association says the only way to get teens to stop vaping is to ban flavors.... "anything less won't get the job done" michigan democrat dan kildee says if the president won't act, congress must..."this is an important issue that congress needs to take up"and illinois republican darin lahood agrees. "ye

it's part owned by altria one of the big tobacco companies and the vaping companies and their customers have orchestrated a campaign to keep labor's legal adults walking around with buttons that say. >>we bait and we vote. the kid should be worried but saying we vapor and our health is at risk. >>tuesday senator durbin sent a letter to the president asking him not to break his promise but the white house denies any promise has been broken in a statement, a spokesperson says quote we are in ongoing rulemaking process that will not speculate on the outcome. erica swat with the american lung association says the only way to get teens to stop vaping is banning flavors. >>anything less than that is not going to get the job done michigan democrat dan kildee says if the president won't act. >>congress must is a really important thing the congress needs to take up an illinois republican darin lahood agree. yes legislation, maybe the option to take bipartisan plans to make a flavor ban permanent are gaining traction in congress in washington where cal martin. but enough about his frustration wit

the state -- as well as a hool district -- have also filed suit againsjuul -- and shareholder.an altriasman says his mpany is declining to comment.i'm reid binion reporting. ( darya ) apple announces a surprise event for december. d one bank says it knows our secret holiday money confessions. jane king is live at the nasdaq with those stors and more ( jane )good morningunion bank a leading west coast bank, survey to understand how people are spending their hard-earned cash this holiday season.among the ney confessions-nearly half of millennis say theyave used lack of money as an excuse for not being able to go home for the holidays.fo in 10 pressure to spend on people they don'want to, even more so for millnials.áááááááááá occasional tease with some tidbits of what to expect with the new mickey and minnie runaway raily.it says the 2-d drawing style of classic cartoo is recread in a physical 3-d environment with eye-popping colo and sound efcts using traditiol instruments and obscure equipment.it will open in orlando in the spring. ááááááááááchuck e. cheese says goodbye to tokens and the

shares of altria and phillipot morr rose after bloomberg reported the fda wilend the plan to drasticallyut level of nick teen i imputable cigarettes. pack in 2018 any proposed cutting them to non-addictive levels to transition spokemoke torse-cigarettes now the world has change in that regard. altriaose more than 3% to 38.45 frill ip morris up to 43.48. >>> general motors is suing fiat chrysler alleging the fellow auto maker bribed officials at e aoork union in 2011 and 2015 for fiat chryslern to g better wichmann and work practices. gm says the alleged bribery was authorized at the highest levels at fiat chrysler. shares of both auto makers dropped more than 3% inoday's trade. >>> brit ol myers said a late stage trial test to forkin cancer drugs missed the main goal of preventing curens of in some patients.ed they recommeo kin the trial unchange. shares of bristol myers fell a fraction. pg&e started hut thing off power to 150,000 commerce? nearly 20 california counties to help reduce the risk of wildteres fro exp high winds. the utility says the goal to restore power to the customers is

. >> host: and there's news this morning about juul's economic condition with the headline altria takes4.5 billion juul write-down. they write that increasing concerns over the health effects of vaping have prompted them to make apt $4.5 billion write-down on juul, the parent of the thrlboro owner phillip morris valued its stake at $12.8 billion. they said the decision was driven by the cumulative effect of e-vapor bans in several u.s. cities, states and some international markets and the increased likelihood of the food and drug administration imposing curbs on flavored vaping pods. how helpful has juul been in the cdc's efforts to get to the bottom of the problems with e-cigarettes and thc? >> juul has reached out to us official hi to offer assistance -- officially to offer assistance in terms of any information they could providetous, but this investigation is really being driven through the public health system, the state and local public health workers who work tirelessly to investigate clusters, outbreaks, new concerns as well as to protect their communities' health day in and day

. >>> look at altria, i believe the stock is down sharply, 2 1/2%, yes it is.g consumers about e-cigarettes. altria has a big stake in juul. >>> chaos in hong kong still going on. 100 protesters holed up inside of a university there barricaded by police. our own jonathan hunt is there with the latest. good evening, jonathan. reporter: good evening, stuart. we're approaching midnight tuesday here in hong kong and we spent much of the day today on the campus of hong kong polytechnic university where that violent standoff has been playing out over the last three days. inside it is shocking. take a look at this. i'm sorry, stuart. i believe we were supposed to be showing you there was what we shot inside the campus of hong kong polytechnic. as i was saying it is a shocking scene inside there. the destruction really takes your breath away when you walk on to the campus. do we have that now? can your producers tell me? stuart: okay. >> apparently we don't have any of the items we fed in to you, stuart. let me tell you, the destruction is everywhere. what struck me, s

per altria's data it's about 50/50 so each for those who have smoked cigarette they have trance tran >> thanks, viv, and as well to our g metyrell. >> more from an aramco insider when "squawk on the street" returns. ♪ not much, how about you? >>are you answering my text in person? i am...yeah. >>lol. come on in. this is tech that helps you be there. the nissan altima. now offering the most tech-advanced engine in its class. high protein. low sugar. tastes great! high protein. low sugar. so good! high protein. low sugar. mmmm, birthday cake! pure protein. the best combination for every fitness routine. >>> the energy sector in correction territory and sinking again this morning coming off what was a rough week. the xle is now more than 12% off of its 52-week high. meantime, saudi aramco saying it will sell up to half a percent of its shares to individual investors in what could be the largest initial public offering or certainly one of the largest we've seen in some time. joining us now is husseini energy founder and former executive vice president sada al husseini always good to have

the fact that that is now lifted is a possibility is providing a lift to the stocks, especially altriansidering smokable products, putting aside investments in cannabis and favorable product, smokable products is 90% of its revenues. david: i wonder why the market does not condemn the product? if you do not have high levels of nicotine that will addictive, you will not sells many cigarettes. isn't that condemning with their own data? kailey: i think the company is already probably know that. look at the levels at which smoke is tapering off. 67% which -- wish they could quit. even if they leave the nicotine in, they will still say -- still see declining sales because the trend is moving away from smokable tobacco products. david: you mentioned things like juul. the fda is pulling back. we saw the fda is not moving as fast as president trump said they would in removing taste from vaping products. is this an overall move by the administration? kailey: it is possible. the regulatory fears were at an elevated level a few months ago. though seem to have abated a bit. hass hard because juul

altria group cut their investment in juul by $4.5 billion.esume today for about 300,000 students in the nation's third largest school district, chicago. teachers say they're pleased to be going back to work after the union and the city reached a deal to settle an 11 days strike. mcdonald's is bringing back happy meal toys to celebrate the 40th anniversary of its kids meals of. a special limited edition happy meal will be available in more than 90 countries from november 7th to the 11th. mcdonald's is planning to add fried chicken to the breck menut menu in january. that's what's happening now. ashley: tracee, thank you very much. well, don't forget, get ready for an extra hour of sleep. don't forget you turn your clocks back one hour this weekend to standard time. daylight saving time ends early sunday morning. i'll be asleep for that. unless you live in hawaii and arizona, they don't do it. there won't be as much daylight until next spring. daylight saving time resumes march 8th. set your clocks for that one when we spring forward an hour an

altria owns a 35% stake in juul, and its shares have fallen about 18% since the first vaping illnessd now over to bob pisani at the new york stock exchange. >> the entire decline in the dow jones industrial average is due to home depot. more than 90 points of that decline is due to that s&p 500 we're taking bets on whether we can get into positive territory. it's exactly flat, down a fraction of a point right now. we'll see if they can do that. it's been trending up in the last couple of minutes the dow jones is down 100 points >> good afternoon. welcome to the "closing bell." i'm wilfred frost. >> and i'm sarah brennan along with mike santoli. >> let's check in on how the markets closed the nasdaq, another fresh record all-time closing high. the dow down 100 points, selling off a little bit into the close, as you can see not too far off the lows of the session, which was down 141. also and the energy the worst-performing sector. health care, the best. >> volatility was low, the s&p 500 now hasn't moved 1% in either direction since october 11th, just to give you a sense of the types

he just finished meeting with the executives of juul, altria, rj reynolds along with the campaign forn lung association, among others. and also just hitting the wires,

altria, owning a 35% in that company, is down just slightly on that headline.ntime, qualcomm shares hitting an almost two-decade high in the session and on track now for a record close on the chipmerrick's latest earnings beat and raised outlook. also gave its first forecast for global 5g smartphone shipments coming in, they say, between 175 and 225 million next year. qualcomm up 6% on the day. >>> chinese shoppers, apparently they love ralph lauren polos and tweeds as the high-end apparel retailer beating quarterly are profit estimates. ralph lauren opened stores in china and tied on with local e-commerce partners. look at that gained today, up 14.25%. taking a trip the other way are trip adviser and expedia. lower than expected book, and higher marketing costs hurting expedia. that stock down 25 r 26% -- 25%. trip adviser down 21%. in the all ahead of rival booking.com which reports today after the bell. and party city investors, well, spooked. the shares plummeting 62% to a record low are. the party supplies retailer cutting its annual revenue and profit for

altria group which has more than 30% stake in juul, the big vaping company, and phillip morris which gets the business outside the u.s., both of them are moving higher right now. but we shall see. new chief of the fda. >>> fitbit investors can wipe the sweat off their collective brow at this hour as alphabet google finally confirmed it will buy the fitness tracker for $2.1 billion. turns out to be $7.35 a share in cash. we're not there yet. we're at $7.15 right now. the $7.35 would be a 19% premium to yesterday's close but folks, it's a 70% premium to where fitbit was when google made the offer we think about a week ago. google clearly scooping up the wearable name to take on the apple watch and samsung galaxy watch. no interest in pinterest after quarterly revenue disappointed. the company which allows users to pin visual ideas on to digital billboards hit a record low. the company went public in april at $19 a share. i guess its high since then has been about $36. right now it's at $20.98. down 16.5%. >>> now we've got a tale of two techies. apple supplier qurvo blowing out wall st

stuart: we are showing you altria's stock because altria has a piece of -- deirdre: 35%.canadian rapper drake teaming up with canopy growth. i believe that is a cannabis, thc company. we will tell you what they will be doing. >>> another big name in music, kanye west says he's running for president in 2024. seems like everyone and anyone throwing their hat in the ring. i can't wait for it. more "varney" after this. ♪ oh, wow. you two are going to have such a great trip. yeah, have fun! thanks to you, we will. aw, stop. this is why voya helps reach today's goals... ...all while helping you to and through retirement. um, you guys are just going for a week, right? yeah! that's right. can you help with these? oh... um, we're more of the plan, invest and protect kind of help... sorry, little paws, so. but have fun! send a postcard! voya. helping you to and through retirement. ( ♪ ) ( ♪ ) the enchanted disney fine jewelry collection. with exclusive bridal styles at zales, the diamond store. with medicare advantage plans that offer health coaching with exclusive bridal styles at

. >>> and altria is cutting its investment in juul labs by $4.5 million, lowers them to $24 billion, illness and is also concerned stricter regulations on vaping will curve juul's growth. meanwhile, the number of illnesses has gone up again. the cdc says 1,888 confirmed or probable cases were proven by a vaping device. products captained thc. >>> we're four days away from election day and we've been going in depth with the four candidates running for the office of san francisco's district. the final candidate, the interim da is a former prosecutor who ran a nonprofit helping children overcome the nonprofit and was the president of the police commission. opponents said it was unfair advantage and she said it is still an open seat and is not listed as an incumbent. >> i'm working really hard to be voted to do the job. i started as an intern. i can walk in and talk to the staff. >> she said her job is to reduce the quality of life and reduce crime such as car break-ins. >>> the city of san jose will be using new grant money to improve bike and wednesday safety. the state's office of tra

in altria, former philip morris, has made a multibillion dollar investment into the marijuana industry. it's also important that we not deal with this question in the abstract. in particular, i refer you to the first page of appendix a where you can see marijuana concentrate called shatter, from acreage holdings, which is john boehner's new gig, notice the name of the strain. thin mint girl scout cookies. let that sink in for a second. and those are the responsible operators in the industry. i could show you plenty of examples from irresponsible operators that are much, much worse. so that's the best case scenario if everything goes according to plan. there is a much darker possibility and it didn't require a stretch of the imagination because it's already happening. cartels infiltrated illegal states and they're in upstale suburban neighborhoods. the smplgts a.f.e. banking act allows them the cartels to infiltrate the banking system in a much more systematic way. you'll find a letter from the former dea administrators and drug czars that describe a threat that parallels the multibilli

he's hearing from altria, the big tobacco company that just bought a major stake in juul. and he's hearing from the vaping technology organization which represents vaping shops nationwide. it makes sense why these companies would want the president to reverse himself, to break his word to american families, because they make profits on the backs of our kids, just like big tobacco did for so many years. today now almost 30% of all high school age children are vaping. more than five million kids. where do they come up with those numbers? from this administration's report to the american people. 4% of adults are vaping, up to 30% of high school kids. when when they show these pictures with adults with buttons that say we vape and we vote, it's a tiny sliver of america. kids should be wearing buttons saying we videotape and our health is -- we vape and our health is at risk. over the last two years of president donald trump's presidency, the number of children vaping has increased by 135%. more than one in four high school kids are using e-cigarettes and more than one in ten m

state by state, if you have a long-term time horizon, that might not be a bad thing to think about altria was a little bit surprising to me especially from the millennial clients joefrl >> juul. i think that was your point. the juuling, the vaping. >> exactly and starbucks makes a lot of sense also but again, it is kind of interesting to see people adjust their cash even -- although i may say i'm going to be green and all that adjusting the client in places where they can make money. >> they're getting up on coffee, down on cannabis >> last quick thing you were talking about acronyms sale >> real pleasure thank you. >> thanks. >>> we got a long way to go on deck an interview you cannot miss uber ceo talking immediately after their results hit the tape will it be another multibillion dollar loss? >> we'll bring you through that process. after the break, we're going to talk to the ceo of kaiser permanente about the elizabeth warren health care for all proposal stay with us it was sophie's big day. by the way, she's the next mozart. as usual we were behind schedule. but sophie's enthusiasm c

ago reported there had been a trade at 90 i don't think many have come down to that level we saw altrian its value of the stake that it paid $12.8 billion for 35%, which valued juul at the time for 38 billion. it went up from there to crash since we had -- >> any sense of why softbank -- why softbank didn't come in at 40 billion >> that's a joke, right? >> is it i was work on uber, grubhub -- uber, you know, door dash versus -- >> yes >> i just find themselves in some sort of existential crisis and that's softbank, to be so stupid about so many things. not long-term. long-term, what are we long-term? >> it is 300 years, masa has a 300 year view. >> ted williams and cryogenics. >> people say it was a once in a lifetime -- it was, but he decided not to sell it when it was 10 bag or 15 bag or 20 bag, but wait. >> he got that one right maybe that's all you need. >> he did decent things when it came to -- yahoo! japan. >> he's a genius, all right. >> it is a mixed picture certainly lately softbank and the vision fund have inflated values far beyond. they have given more to companies that sho

representatives from san francisco's juul not among those invited by ceo of altria is supposed to bethe cyber truck at an event last night. find that video and see more about that new truck on our website. so that early retirement we planned. it's going ok? great. now i'm spending more time with the kids. i'm introducing them to crab. crab!? they love it. so, you mentioned that that money we set aside. yeah. the kids and i want to build our own crab shack. ♪ ♪ ahhh, you're finally building that outdoor kitchen. yup - with room for the whole gang. ♪ ♪ see how investing with a j.p. morgan advisor can help you. visit your local chase branch. of the new floor & decor don't miin milpitas. opening if you have never been to a floor & decor, you have to go to the grand opening. hardwoods, laminates, tile or stone. holy smokes, this place is huge! i'm on a budget and i was able to go to floor & decor, and save a lot of money. you will be blown away by this experience. the pros come here. i come here. if you love your wallet, and you love your home, you have to go. floor & decor. now open in m

altria, reynolds, the american vaping association, the american lung association and the american cancerncer action network all expected to be at this meeting today, so a wide range of voices speaking to the president. you remember, joe, back in september the president talked about melania trump's interest in this issue because of their son baron. the president said that melania was particularly focused on this issue because of the rise of teen vaping. but the politics of this are really unsettled vaping is so new it's not like tobacco or other things where we know exactly where the politics shake out. there could be some political damage for the president because vaping may be popular among his base so there might be some people in and around the white house who are watching the political ramifications of this as well as the public health ramifications. guys, back to you. >> that was the narrative when the backtracking started, that in certain -- in trump country there's a lot of vapors, i guess. >> yeah. >> smokers, vapors. >> yeah. that's the question. we don't really know how this sh

increased concerns over the health effects of vaping are prompting altria group makeup $4.5 billion write-downeir the tobaccon juul. group and parent company of the company philip morris. they say the decision was driven by the cumulative effect of ebay for bands in several cities, states, and international markets and the likelihood of the fda posting curbs on flavored vaping pods." dr. schuchat, how helpful has get been in the effort to to the problems with e-cigarettes and thc? juul has reached out to offer assistance in terms of any information they could provide. is beingstigation driven through the public health system. the state and local public health workers who worked tirelessly to investigate clusters, outbreaks and new concerns as well as to protect their community's health. that is the core group we have been working with. with the fda and in states other law enforcement or dea authorities. host: let's hear from william in california. caller: good morning and thank you for c-span. my comment is, since we are focusing on thc containing cartridges, that any residual like propane or

altria group has cut their investment in juul by $4.5 billion. and then there is this. natalia and lacey evans. the women took their rivalry to riad where the queen of hearts came up a winner. both fighters, just to point this out, had to wear full body suits and a t-shirts and women were actually allowed to attend the match. they're trying. [ laughter ] >> first they let you drive, now they let you wrestle. cheryl: now you can wrestle. neil: what a great kingdom. coming up, luxury yachts, lonski has ordered one, they're on full display right after this. ♪ don't rock the boat. ♪ don't rock the boat, baby. ♪ rock the boat. ♪ don't tip the boat over. ♪ don't rock the boat the game doesn't end after that insane buzzer beater. because with nba league pass on xfinity you can watch the out of market games you want- all season long. and with the all-new xfinity sports zone, you get everything nba all in one place- even notifications about your favorite teams. watch the dropped dimes, monster blocks, and showstopping dunks. plus get instant access to your teams with the power o

altria group which has a big investment in juul, the vaping company, down 23 cents on that. >>> takele. this is the day after president trump toured the apple factory in texas with ceo tim cook. virtually unchanged. just like the rest of the market, really. $263 on apple this morning. >>> google putting restrictions on political ads, making it harder to target specific groups. doesn't affect the stock, down four bucks. >>> this is interesting. yield on the ten-year treasury down to 1.76%. that is an interesting indicator. money coming out of treasuries, is that right? coming out of treasuries, the yield goes down? >> inversely related. money goes up, yield goes down. stuart: i think i got that. an indicator of economic strength around the world. leave it at that. >>> price of oil this morning. where are we? no, gold. oil. $57 per barrel as we speak. take a look, please, move it up, disney. thank you. poised to be the company's $6 billion movie this year, "frozen 2." tell me more. lauren: it will be disney's $6 billion film of this year so you know, obviously "frozen" had a pretty big

look at phillip morris and altria which have interests in the vaping business.'s monday morning, thanksgiving week. we are going up. look at that. 60 for the dow, maybe 8 for the s&p, 34 for the nasdaq. those tech stocks are going to do well today again. >>> billionaire carl icahn betting big against mall owners. we have a guy who says americans are not yet done with malls and thinks carl icahn will regret his big bet. more "varney" after this. ( ♪ ) ( ♪ ) introducing the marilyn monroe collection of fine jewellery. exclusively at zales, the "diamonds are a girl's best friend" store. exclusively at zales, it's been reported that there's a cyberattack on business every 39 seconds. ouch. i don't even want to think about it. comcast business has a solution. we go beyond fast with a cloud-based security system that automatically updates, so you always have the latest protection. phishing. malware. risky sites. it can help block all of that. it's one less thing for us to worry about. comcast business securityedge automatically protects all the devices on your network