and kodak why i guess a film with the tongue perfect company seemed a relic of. past but earlier this week the former camera giant saw its stock jump over 2000 per cent ahead of an announcement by the federal government that kodak would be the recipient of a massive loan so as the company moved from cameras to pharma the government is handing kodak more than 3 quarters of a $1000000000.00 to produce drug ingredients to fight the pandemic so joining us to discuss this extraordinary rally syndicated columnist at the daily beast washington post and a number of others i can't list them all ruben navarette he's joining us now live robin good to see you can you 1st walk us through what just happened with kodak this week. yeah it's a bizarre story right we know what we know there's a lot i think this story has a feel of many things behind the scenes we're not privy to but we know this much that kodak will be given over 3 quarters of a 1000000000 over 750. $1000000000.00 through course of a series of words of a of a $1000000000.00 to basically transition from making came

it's called kodak. and it's going to be right here in america, so i want to congratulate the people in kodak, they have been working very hard. members of my administration are present in rochester right now, rochester, new york, good place, and they are trying to finalize this ground breaking deal and it will be announcing this deal. i want to thank governor andrew cuomo and his representatives. we have worked really well together on this deal, it's a great deal for new york and for kodak. 90% of all prescriptions written in the united states are for generic drugs. we have been proved more generic drugs than any administration by far. generic drugs can be just as good as the brand names but cost much less, yet in less than 10% of the active pharmaceutical ingredients needed to make these drugs, they're currently manufactured in america, more than 50% however, are made in india and china. and you'll be seeing a lot of things have happened, it's been happening, but it's happening at a more rapid pace rig

shares of kodak, yes, kodak, tripling after signing a deal with the federal government. wait until you hear what it's for. consumer expectations plunge as more americans lose faith in the recovery. big concerns whether washington comes through with more federal help. i will ask guy reschenthaler from pennsylvania if they will do just that. that and much more on "making money." charles: so stocks sort ever sputtering today, right? but we did get a slew of earnings reports. the message to me, it is pretty clear for investors. companies are profiting off the coronavirus lifestyle changes. that is one trend really working. d.r. horton, sherwin-williams, polaris soaring after they reported results surpassing wall street expectations. it is thanks to overwhelming amount of people looking at home, redecorating, painting, when they go out they want to get on the snowmobile or something. i want to bring in money map chief investment strategist, shah ghailani, divine capital, dani hughes. and payne company tall's ryan payne, i'm not affiliated with. people are leaving so much impl

and it ised kodak, going to be right here in america.t to congratulate the people of kodak, they have been working very hard. in rochester, they are trying to finalize this groundbreaking deal and they will be announcing this deal. i want to thank governor andrew cuomo and his representatives. it is a big deal. it is a great deal for new york and kodak. 90% of all prescriptions written in the united states are for generic drugs. we have approved more generic drugs than any other administration by far. generic drugs can be just as good as the brand names, but cost much less. yet, in less than 10% of the active ingredients needed to make these drugs they are currently manufactured in america. more than 50% are made in india and china. lots of things happening. it is happening at a more rapid pace. with this new agreement, my administration is using the defense production act to provide a $765 million loan to support the launch of kodak pharmaceuticals. it is a great name, when you think of it. it was one of the great rands in the world, th

it's called kodak. and it's going to be right here in america.ngratulate the people in kodak. they've been working very hard. members of my administration are present in rochester right now, rochester, new york. good place. and they're trying to finalize this groundbreaking deal, and they will be announcing this deal. i want to thank governor andrew cuomo and his representatives. we've worked really well together on this deal. it's a big deal. it's going to be a great deal for new york and a great deal for kodak. 90% of all prescriptions written in the united states are for generic drugs. we have approved more generic drugs than any other administration by far. generic drugs can be just as good as the brand names but cost much less. yet in less than 10% of the active pharmaceutical ingredients needed to make these drugs, they currently manufacture in america more than 50%, however, are made in india and china. and you'll be seeing a lot of things have happened, it's been happening, but it's happening at a more rapid pace right now. with this new

look at kodak.y're having after getting 765 million-dollar loan to make key drug ingredients. the stock is up another, keep looking at this, amazing, it is up another 240% now. it was 200% yesterday. that is quite a performance. 27 bucks a share on kodak. the ceo joins us later this hour. >>> baseball, on the brink. miami marlins taking a break to deal with the virus outbreak. 15 players infected. is the entire baseball season doomed? i will ask a former player turned physician, dr. mark hamill ton all about that. he is in the next hour. how owning a home put one black family on the trajectory to success. we'll bring you the success story after this. ♪ hey, can i... hold on one second... sure. okay... okay! safe drivers save 40%!!! guys! guys! check it out. safe drivers save 40%!!! safe drivers save 40%! safe drivers save 40%!!! that's safe drivers save 40%. it is, that's safe drivers save 40%. - he's right there. - it's him! he's here. he's right here. - hi! - hi. hey! - that's totally him. - it's

it's called kodak, and it's going to be right here in america. want to congratulate the people in kodak. they've been working very hard. members of my administration are present in rochester right now, rochester, new york, good place. they're trying to findize this ground-breaking deal. i want to thank governor cuomo and representatives. we've worked together on this great deal for new york and great deal for kodak. 90% of all prescriptions written in the united states are for generic drugs. we have approved more generic drugs than any other administration by far. generic drugs can be just as good as the brand names but cost much less. yet in less than 10% of the active pharmaceutical ingredients needed to make these drugs, currently manufacturer in america more than 50%, however, are made in india and china. and you'll be seeing a lot of things happen, it's been happening, but it's happening at a more rapid pace right now. with this new agreement my administration is using the defense production act to provide $765 million loan to support the la

then people went digital and kodak didn't follow.now under very extraordinary leadership, they are following and they are doing something that's a different field and it's a field that they've really hired some of the best people in the world to be taking care of that company and watching that company, watching over it. but it's a breakthrough in bringing pharmaceutical manufacturing back to the united states. under this contract, our 33rd use of the defense production act, remember when you were saying i didn't use it enough, i didn't use it enough. now you heard it's the 33rd use. we don't talk about it all the time. and we used it as a little bit of a threat, frankly, with certain companies that weren't doing as we were asking them to do and it came through as both a threat and a usage. but this is the 33rd use of the defense production act. kodak will now produce generic active pharmaceutical ingredients, which is a big deal, using advanced manufacturing techniques, kodak will also make the key starting materials that are the bui

it was made for this i mean a beautiful thing, when my office talked to kodak we took a look at thate past this is one of the president's goals for a possibly second taerm to try to continue to move supply chains back to america fire up manufacturing part of this economy we are glowing to need it anyway, because we are not looking at much activity on the surface's side are you going to really be able to move the needle get so much production back to america to fire that up -- that production and manufacturing base? do you think you can actually make a significant move? we are already doing that, with using the president's leadership on defense production act think about all will it be masks production in places like rhode island arizona my office took point with honeywell able will to do that in five weeks that is trump time that shows they can -- nine months under president's leadership signed a dpa order we got ventech to put up ventilators 17 days this president donald j. trump attacks this in amazing wise nobody used defense production act the way we are using it for kodak only a

at walmart, target and other fine stores. >> martha: new life for kodak, the iconic american company film and cameras and all the things we don't use very much anymore has just secured a loan from the government under the defense production act. kodak will start manufacturing ingredients for generic drugs here in the united states. >> so many of our basic drugs were made in china. we need to stop that and bring it back to the united states so we are not dependent on china in a pandemic. >> a national security issue, a health security issue, let's bring this manufacturing back to the usa. >> martha: looks like that's what's happening, the loan would bring hundreds of jobs back to kodak's home in rochester, new york, and dozens to st. paul, minnesota. peter navarro this evening. we all remember going to the drugstore, buying film, putting it in the camera, big yellow boxes, a whole wall of them behind the counter that is just not there anymore. this is a very innovative idea from this company. here's the ceo talking to fox business this morning, watch this. >> do you go to the administ

it's called kodak. and it's going to be right here in america.t to congratulate the people in kodak. they have been working very hard. members of my administration are present in rochester right now -- rochester, new york. a good place. and they are trying to finalize this groundbreaking deal and they will be announcing this deal. i want to thank governor andrew cuomo and his representatives. we've worked well together on this deal. it's a great deal for new york and a great deal for kodak. 90% of all prescriptions written in the united states are for generic drugs. we have approved more generic drugs than any other administration by far. generic drugs can be just as good as the brand names but cost much less. less than 10% of the active pharmaceutical ingredients needed to make these drugs are currently manufactured in america. more than 50%, however, are made in india and china. and you will be seeing a lot of things happen -- it's been happening but it's happening at a more rapid pace right now. with this new agreement, my administration is us

welcome, everybody we begin with kodak. holy cow, this is soars to levels not seen since 2013 it's up 1600% this wean. it was the most viewed ticker, the frenzy all kicking off on news the trump administration is tapping them for manufacture covid treatments, dom, but it brings to mind the whole crypto thing a couple years ago what is going on with kodak? >> for companies reinvent themselves all the time. it's a true american story when a company can rise from the ashes like a phoenix it was four trading days ago that you had kodak as a $2 per share stock. it got as high as 60 yesterday i just went to check options trading. it's cost so much to trade options, the implied volatility are so high that it basically costs you $13 to buy a put obvious that has a strike price at the money, at $36 right now, for spiritation that month that just tells you hoich craze there. >> there's a lot of focus on when the stock price started surging, the ceo's comp now goes up as a result of the stock moves. by the way, there's the kodak sort

that's what kodak has to do. david, you know when a stock is up like this you call your banker if they have one, you say, hey, listen, guys, 15 million shares right now i want it by the opening and, boom, don done >> and hour' right not a spot secondary which i would bet their -- >> primary offering. >> -- director mr. garfunkel or scoot tough chairman would love to do with their stock i would imagine giving the incredible paper gains that those two gentlemen have right now potentially in the hundreds of millions of dollars. >> incredible. >> you're right, a primary offering on the spot right now, get it done, raise the money, why not. >> right. >> ala in some ways -- if the audience is there, i mean, remember hertz a bankrupt company was thinking about doing the same thing >> carl, these guys, i mean, when you look at these stocks, you say to yourself, all right, are they going to play this game we're not going to moderna-ize them but you go in there and you just say, do you know what, these robin hood guys, do

i mean, i hope for the country's sake this is all legitimate and that kodak is able to produce these supplies, which are needed in this country, guy but you got to take a look at surface and there are too many things that make your eyebrow go up >> as do, i mel. but this is a completely separate topic i think would you agree. obviously we wish them success for a myriad of different reasons. but to your point about the volume, let's just call it like it is. somebody or some group of people knew something ahead of time >> they knew. >> the volume suggests so you tell me so if that is the case, there should be some forensic accountants right now working on who that person or group of people were. because that is not how it is supposed to work on a side note, we obviously wish kodak the best in terms of what they're trying to do for the country. but that issance illary to the point about somebody knew something prior to all of this the volume speaks to that. that is just the way the game works. >> option activity has been crazy. bo bono wynn, what are you looking at. >> it is very fishy.

use kodak for our chemicals?t is how it started. there is hearing on the supply chain, they may be moving more of the critical supply chain on that front. international development finance corporation struck a deal with kodak to repurpose plants to make generic drugs. the company getting $765 million for more medicine in the u.s. for variety of different illnesses. a source told me this is basically launching the change for kodak into kodak pharmaceuticals, using the coronavirus as a way to repurpose the company, help the u.s. and make money. white house economic advisor peter navarro breaking the news on fox business this morning, saying this is the first step to moving the medical supply chain back to the u.s. >> by the time this thing ramps up, 25% of the api for generics we need in the united states is going to be right at that facility. it is going to give the people of our country some assurance that when push comes to shove in pandemics like this, we're seeing what we're seeing right now,5 countries restri

beat wall street expectations here is meanwhile for those of us who remember the photography company kodak their stock price has trestles today what on earth is going on there. well i clearly remember them very well even if i haven't heard anything from use them in code in the past couple of years but they even used to be a part of the dow jones industrial average but that a long time ago well the company got a loan from the u.s. government in the amount of about $760000000.00 so they do have to repay that loan within 25 years but there they are starting production of pharmaceutical ingredients here in the united states so they try to push hard for that and the united states wants to be less dependent on countries like china or india and clearly that is a boost for you think kodak and the stock tripled here on tuesday so that hasn't really happened in quite some time a big potential comeback for a company many of us remember as making the 1st digital camera in skopje new york thanks for your insight. one month from now roberto azevedo will step down as director general of the world trade o

i want to start with this announcement, $700 million loan to kodak. to begin producing pharmaceutical materials, active ingredients which are the building blocks to so many treatments in this country. why is it important to move that production to the united states? >> well, first of all, we're grossly over the pandemic. not just for the therapeutical ingredients but what goes into maybing the api. with kodak, it's the single biggest deal in american pharmaceutical history. because it will transform this once iconic company into a power house that will once it gets fully ramped up over time will provide 25%, john, 25% of the api we need for our generic medicines and the important statistic there is that 90% of what we consume for our medicines are generic. so they're not only going to do the api, but the key starting materials and it was a pleasure walking around the facility. it was bittersweet in a way because as we walked through the grounds it's a huge 1,200 acres. i saw a lot of weeds growing where big buildings had been. >> when will they start

was very average in kodak. last friday, 74,000. last thursday 80,000 last wednesday, 52,000 on monday 1.648 million shares and then tuesday the news came out. how do you account for that, james? any why whether someone had wind of this. we didn't see the move in the stock until tuesday but that is so far and away, it's a multiple of the average daily volume over the last, you know, over a long period of time any idea whether this got out? >> i don't know. obviously, this has been a pretty tight secret even to the last day, basically. i couldn't tell you. >> i don't know if it was well kept doesn't look like it was a well kept secret. >> we knew for over a week >> okay. so this saloon that gets paid back like a lot of corporate loan to be paid back in 25 years or so. and i guess the question i have, is this going to be very profitable for kodak because there's a reason that we outsourced a lot of the basic ingredients as a country to these pharmaceuticals to place where it was much cheaper to do this in india or china or wherever is

kodak has been halted 12 times today. it is up 2400%.hey are basically retrofitting operations and they are going to make ingredients for drugs. they were benefits of the defense production act. kodak making the stuff the those into my drugs, i don't know. we talked a lot about the fact that these kinds of stocks have been charging around. we saw what happened with hertz. everybody piling and or piling on. it is interesting to see what the chat room says about kodak. thee another impact of robinhood rally we have been talking so much about. with the whole theme of a vaccine and drugs, toxosmithkline signed a deal sell experimental doses of their vaccine to the u.k.. we have a lot of the drug makers coming out, rumors about what modernity vaccine is going to sell for. what is your take? is theexcitement differential pricing we are hearing about. the gsk andnes like sanofi, they haven't set a price. heard areors we correct, this calculates for the u.k. at $10 per dose if the rumor is correct. i have no reason to substantiate or refute it.

kodak, making film is a chemical process and they make a lot of complex chemical products.the things we don't recognize, because of those little instant cameras that are so popular is kodak is a high-tech company. might not be in digits but chemistry, materials and so forth is very high-tech, they have a deep understanding of and there are lots of candidates to greenfield, these basic ingredients in the united states going to drug so i like it. i like it a lot. i think it is really smart move for kodak to resurrect the company and a smart move for the american people. shannon: peter morici, thank you. there are new age polaroid cameras and i have one. shannon: will you pull it in tomorrow? >> if i can find it. >> steer clear of this wild animal, literally steer clear, the 90 minute chase to capture it. >> twitter has no problem saying that coronavirus disinformation spread by the chinese government does not violate their rules, why is it that is happening to me and other trump conservative and other conservatives in general? >> big tech ceos grilled on capitol hill accused

, and kodak had been considering usin using pharmaceuticals. >> unclear how that came about how did kodak a company we know, of course, as a photography company, get to the point where it decided it wanted to produce chemicals and then communicated that and got a $765 million loan of 25 years which was multiples of the company's market value certainly at the time of the loan now, this did send the shares higher they're retreating today we talked about speculation in the market the presence of traders for the likes of robin hood. it's an interesting one, and we also spoke, i should say "squawk box" spoke to kodak's executive chairman he's the ceo of another company. here's what he said as to how they're going about using the money. >> we're using buildings we own. that deducts costs and through continuous manufacturing and innovation we feel we could become very competitive. the business park is 1200 acres, has its own power, steam, waste recovery, rail system. the infrastructure is there. i'm not paying for that. those are huge costs that come out of this entity, and that gives us a very

kodak had been considering creating a division focused on pharmaceuticals, kodak pharmaceuticals. like you said in your beginning, they have all of these factories that are there producing chemicals. what are you doing when you produce film you're producing chemicals they have a massive campus not used they're going to reconvert it and by the time we're done, they'll make 25% of the country's ingredients for generic pharmaceuticals. we will not be dependent on anybody else for those key generic pharmaceuticals. >> if you accept all of this at face value, adam, it's too good to be true so these aren't being used -- utilized fully, i guess, these manufacturing facilities so you will need people to work there and you'll have to actually -- this is going to create jobs in this country as well >> absolutely. rochester, new york. upstate new york, blue collar jobs one of the advantages when you think of manufacturing capability, where does it sit? it sits in blue collar america where jobs are needed. so our ability here right now, the first one is in rochester, creating 360 jobs in roch

jillian: this company employed 145,000 people, pharmaceuticals expected for kodak business and creates00% yesterday up 54%, how much generic drug production happened in china and india and the trade dispute brought that issue too late. we are so dependent on them for blood pressure medication, this is a big story. rob: talk about jj watt. >> reporter: jj watt's response, record-breaking nfl deal, lighting up social media. a $35 million contract extension. is this the largest in team history for the houston texans, the reason this is so funny if you follow football, responding to his younger brother, tj watts expected to get a big payday. the pro-deal expect the $ for social media. this is inside football a little bit. rob: the contentious hearing. >> time to check with brian kilmeade for what is coming up on "fox and friends". brian: fresh of the fiery house meeting, no lunch break, william barr on the act, to watch is that, congressman jim jordan was fired, he was there, he will be with us. senator tim scott will be with us. what about what tom cotton said behind closed doors. and tha

it's called kodak.eement, my administration is using the defense production act to provide a $765 million loan to support the launch of kodak pharmaceuticals. >> this sounds honestly i think to the layman's ears like just more money going into the hands of another giant corporation. do you think that's a good use of funds when, you know, your colleagues on the other side of the aisle in the senate can't seem to agree to give people $600 more in their unemployment benefits? >> if we didn't have any pharmaceutical companies in this country, maybe it would make sense to start a new one. but if the president's really serious about trying to find a vaccine or treatments, then he should be plugging into the national and international efforts of existing companies that are already pretty far along in their discovery. as you mentioned, if we're going to throw away dollars at a start-up pharmaceutical company, those are dollars that would be going into the pockets of hard-working americans. what we found out yet

kodak stock tripled today after securing a u.s. government loan for 765 million dollars to manufacture pharmaceutical ingredients. the loan is the first of its kind under the defense production act is part of an effort to reduce dependence on foreign drugmakers and airlines and maybe taking a loss during the pandemic but one industry that's seeing an increase is campaign. one california store says that can say is sure gaining popularity among we californians, this summer as this pandemic restrictions push people away from air travel in cruz's ryan fish has the story. >>covid-19 has meant more people avoiding planes and hotels and a cascade of camping across the country. good news for outdoor stores like mountain air sports in santa barbara where the little things are selling well you'll be the back of the food and things that not to use them you got to get people already have one of the tents impacts and some wind out there it is going more spending more of the smaller says 3 times but many are also going big investing in rooftop t

finally, jim, you mentioned kodak briefly, this is not the kodak we grew up with, this has been repurposeds a company gearing up to produce ingredients for generic drugs. why am i mentioning it it's a $100 million market company before the opening this morning but it's now about three or four times that after the administration gives it a $765 million loan, government loan under the defense production act, this is the first of its kind, the purpose is to help expedite the domestic production of these ingredients because so many of them come from china but east man kodak, this buy george garfunkel bought 11 million shares at 250 recently. >> i saw that. good timing. >> sophisticated investors, gso, blackstone, they sold at that level. this is high, high speculation just because they got a $765 million loan i think we have your pal navarro talking about it, jim. want to take a listen? >> he has been death by china drugs. >> we're going to fly up this afternoon to the kodak corporation in rochester, new york, visit a facility which was absolutely made to assist america in bringing back its ph

the precious which is gold dick in virginia, dick >> caller: hi, jim i wanted to talk to you about kodak and the yield that went down. >> right. >> caller: you know, the stuff was $2 and got as high as $6 today and closed $33 so the government came along and gave them a loan of $765 million and out of that, they are going to create 350 jobs so each job if i divide that, each job is worth $2.2 million and divide that over the 25-year loans, say it's worth 90,000 the numbers don't add up. >> sometimes the market, the actual mechanism of the market fail because there is not enough stock, there's not enough flow people are short if you look on robin hood you'll see the kodak was the largest of the stock that they had in their leader board of popularity changes. there was just too many buyers came in at once and became a free for all are market as joke no at times they don't work and kodak doesn't work i know that peter navarro and people in the white house who want to be able to make it so that we make pills in this country are doing the right thing. was this the right company to do it the s

coming up, kodak moments. more than 79,000 robinhood traders.iscuss with our own joe weisenthal. this company has seen more than a 2000% increase. this is bloomberg. ♪ romaine: welcome back. joe weisenthal joining us now in austin, texas. all the talk today is about kodak. at some point, i think it became a crypto company. now apparently it is a pharmaceutical company. it is -- joe: it is kind of perfect. you have the ticker symbol and the underlying company can be whatever is hot. they were even going to do their own coin. now it is a pharma company and they got this loan. in the last two days, the stock is up 16 fold. all in all, typical 2020 story. caroline: they just need to become a cannabis company and a meat free company and then they have the trifecta. it still a that, is desperation that you want to get in, and even though we are seeing them gaining, they are not managing to play them much? so they are gaming on stocks? joe: i don't think there's any other way to describe this. they are getting a $765 million loan. it is not like they a

kodak. remember them? they are getting $765 million from the government to make the ingredients for pharmaceutical products. they will replace china, which currently dominates the supply chain for the building blocks of drug products. watch that stock go. >>> the dow industrials, they are going to be on the down side this morning. same with the s&p and the nasdaq. the backdrop here is we are walking up to the earnings reports of the big tech names and digesting the opening bid in the stimulus debate. the republican plan starts at $1 trillion. it's very likely to go much higher than that. politicians spend big when there's an election three months away. watch that total spending go up. >>> question. couple of them for you. can we get a strong economic recovery if the kids don't go back to the classroom and workers don't get back to their offices in the cities? it's going to be tough but like baseball, the shochool and offi buildings shut down if the virus reappears. >>> and do you have turmoil for tea? been

reporter: kodak already has orders from a capsule maker. that has weight to give them the loan. 95% of the drugs we take are generics, you heard him say that none of them sourced or made in the united states. when the factory is at full capacity, 25% of the chemicals needed to make generic medicine will be sourced in the u.s. that means 375 jobs right now in rochester, new york and about 40 jobs in michigan. it also means faith in what you are taking. that was discussed at a senate finance committee hearing later today or earlier today. >> seems to me that the most important thing we can do to improve the reliability of our supply and deal with the fraud and county fit we talked about earlier today -- counterfeit, reshore it and make it in america. reporter: this could be the first in a many changes. report by goldman sachs, select industries will do more onshoring and stockpiling more inventory as lessons learned from the coronavirus. the report says, some companies or many large companies will use global supply childrens still but regiona

kodak and they hit me at 92. to move and i know michael. unique and certainly hasn't. been monotony i don't know what you can do in kind. of a $1100.00. 30000 are actually really in the newman cup without a head me like you use so they meaning they are. up and down the now people and the money go on. down here you know you. think even though i'm only. 2 to you. now so i can't move around. the. town i. carried out. it's. been. on my. mind. and. i. was. going to. 54 jets and more than 1300 military personnel are headed to air force base in alaska where is that to say come on i'll show you what's the reason for any type of enhanced u.s. military presence in this area rush up. what is it suddenly about the south china sea that makes it so that it 11000000000 barrels of oil. take a look at this map who really owns what kind of says no it belongs to us india says no we claim that that belongs to us both of these countries have nuclear weapons capabilities there is reason for concern so that's why we're going to drill down on this story for you today right here on the news wi

you a land of corn kodak and they had me at 92 corn. to move and i know what. you need to india. and. i don't know what you can do when. i. come to 1100. 1000 are clearly in the moon cut out a head me like you use so they meaning male. company does the now people and the money go on. down here you know you. think even though i'm on. to 2 years. now so i can't move our ground. i. carried out. you know. good. at going along just. happy in. no i won't be around when i step on. my. i mean my mind. has been well now i had to. have now he and. they. would try and look into. it. before. i. fell and they can do. is you will be a reflection of reality. in the world transformed. what will make you feel safe. isolation little believe that see. how you going the right way or are you being that. direct. what is true was his faith. in the world corrupted you need to descend. to join us in the depths. aura maybe the shallowness. and the stories that shaped the week of russia rejects claims that meddled in last year's election in the u.k. or that it tried to steal information on the country's co

they beat wall street expectations meanwhile for those of us who remember the photography company kodak their stock price has tripled today what on earth is going on that. well i clearly remember them very well even if i haven't heard anything from you in code in the past couple of years but they even used to be a part of the dow jones industrial average but that's a long time ago well the company got a loan from the u.s. government in the amount of about $760000000.00 so they do have to repay that loan within 25 years but there they are starting production of pharmaceutical ingredients here in the united states so they try to push hard for that and the united states wants to be less dependent on countries like china or india and clearly that is a boost for you think oldacre and the stock tripled here on tuesday so that hasn't really happened with quite some time a big potential comeback for a company many of us remember as making the 1st digital camera in skopje new york thanks for your insights. one month from now roberto azevedo will step down as director general of the world trade o

who are you unlearned who corn kodak and the like they had me at 92 corn. to move and i know what. you need to india. and. i don't know what you can do you can. have a 1100. 30000 are actually really in the moon come without a head like you use so they being male. company does the now people and the money go on. you know you. think making their way along with us. to feel. so welcome to. our around. the. dining. area out there. no i. stand. on my. mind. i had. a louse. have left. and i. don't i'm glad i. don't it and i. found a way. just. before noon and. i. didn't. is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation full community. are you going the right way or are you being led so. direct. what is true what is faith. in a world corrupted you need to descend. to join us in the depths. or unmaidenly shallowness. kind of financial survival job about money laundering 1st to visit this cash into 3 different. good is a good start well we have our 3 banks all set up something in your something in america something overseas in the cayman

move who are you a land of corn kodak and they had me at 92 corn. to move and i know what. unique and to india. and. i don't know what you can do you can. come for 1100. 30000 are clearly in the new cut out i had we had you use so they've been in wales. dowsing now people and the money go on. down here you know you. think even though i'm only going to through. a little now so i can put. our ground. down. here and our. you know about how could. it. happen. no i won't be selling out when i step on my birth and. my. i mean my mind never. happy and i had don't. have it now he and. they. are going to try and look into. it they're. going to come lie. before noon and. i. don't know what you can do. you live in the age just the people don't trust the government and the government doesn't trust. come to this decision to legitimacy and more importantly is there a way out is god. i. hope. no shots. actually felt. no wish to. switch your thirst for. fresh black lives matter protests descended into violence in new york all anger surges elsewhere after new video shows a police officer re

move who are you a land of corn kodak and they had me at 92 corn. to move i had and i know what. you need to endure as. well. i don't know what you can do you can. come a 1100. 30000 are clearly in the moon cut out a head me like you use so they being male and up and down the now peeps and the money go on. down here you know you. also. think even though i am only. 2 to you. a little now so i come to. our around. here now crowd you are no good. tappin. no i will be. on my. happy and. have and. i look into. it. before. i. think i'm going to write and. it is politically impossible in the united states was eating was anything does it industry. that makes a lot of money. as well i'm going to say over and over again we know what healthy diet is in these not only should work for one for one. it was very very bad for business it doesn't make anybody rich people eat less. i 1st heard about we you know. from the helicopter for troops in iraq. i think that don't actually go no i'm going to with military we have never forgiven korea it's got afraid of the truth of the book and it will make y

in the options market, you saw volume trading on kodak up 6,000% from normal.n, that type of activity is something we haven't seen much of, including bankrupt hertz, remember that, that actually doubled after it filed for bankruptcy because of robinhood traders. there are no analysts that cover kodak stock, no price targets so you are flying blind. this company filed for bankruptcy in 2012, reemerging in 2013. guess what the peak was before $43? stuart: tell me. susan: $37. then we dipped to $2 this year and now, look at this crazy price swing. stuart: amazing. absolutely amazing. all right. we've got, what, 20 odd seconds to go and we will open this market this thursday morning. you're going to see a lot of red from the get-go. that's because of presidential tweet about delaying the election. bad economic numbers on the economy and not very good numbers on jobless claims. there you have it. the bell is a'ringing. in three seconds we start trading. let's look for red ink because i think we will see it. leer we here we go, off and running. right from the start w

i'm here to talk about kodak. i'm here to talk about how america is going to get a vaccine in half the time. my job, george, is basically to help the president save lives and create jobs and yesterday was a great day for america. when you look at the history books, the history books will be talking about what happened yesterday. it's the greatest second act in american industrial history. kodak, an iconic firm, is going to become the king of pharmaceutical manufacturing here in america. when it's finished and ramps up it's going to be able to deliver 25% of the active pharmaceutical ingredients our people need for their generic medicines. it's a great achievement and i was up there yesterday with adam boller who helped put the deal together and it was a sight to behold. it was the past, present and the future. it was a facility that is just made to make pharmaceuticals falling on hard times. i've seen this over and over again where factories -- now we'll turn it into something that's beautiful through the defense

paul, minnesota, under a new kodak pharmaceuticals arm.mc universal partnership they've made to shorten the theatrical release and move movies online sooner, because so many of us are home and not going to the movies, obvious. what do you have on this? >> this is pretty big news. normally, we have to wait 2 1/2 months between a movie showing in theaters and when you can see it online or on your digital streaming platform. this has been shortened now to 17 days. so, we'll only have to wait just over two weeks for movies to go from the theater to these platforms. this is a multiyear agreement between universal, which is owned by our parent company, comcast, and amc, which is the largest theatrical chain. and again, this theatrical window, as you call it, in the industry will shorten to 17 days from the current 75. >> all right, julianna tatelbaum live from london, thank you. great to see you this morning. >>> up next, a look at axios' "1 big thing." and it's a big one. it was revealed weeks ago that russia may have been paying bounties to th

if the has awarded kodak, once a global leader in photography, a $765 million loan to help make pharmaceuticals. president trump announced this afternoon he's invoking the defense production act to provide the government loan to launch kodak pharmaceuticals, producing ingredients for generic drugs and reduce u.s. reliance on foreign drug manufacturers. >> we will be competitive with almost all countries in soon with all countries. >> the president was also scheduled to meet today with top pharmaceutical companies, though political reports the executives canceled after the president signed executive orders late last week aimed at reducing drug costs. the pharmaceutical industry opposes the orders. as the coronavirus urges across the country, the president retweeted comments critical of the government's top infectious disease expert, dr. anthony fauci, including one claim he is misleading the public. fauci denied to "abc news" he's misled americans under any circumstance. >> i just will continue to do my job. >> the president has wondered why polls show fauci has a much higher coronavirus approva

. >> president trump announced today that the photo company kodak will begin manufacturing pharmaceutical ingredients for generic drugs used in the u.s. in an effort to reduce reliance on foreign countries. this news conference is 30 minutes. pres. trump: thank you very much. today my administration has taken a momentous step towards achieving american pharmaceutical independence, very, big, big step. a focus of our campaign to bring americans critical supply chains and medical manufacturing back to the u.s.a., we have been working on this for a long time. this is a goal of you are strategy to protect our people from the horrible china virus, it should have never happened. it should have never been here. they should have stopped it. in the decades before i took office, foreign nations were allowed to freely plunder or fact i haves l

. >>> kodak shares more than tripled on the news it's getting a $765 million government loan to help produce pharmaceutical products. >> the company is known for photography, but president trump is invoking the defense production act so kodak could make ingredients for generic drugs and avoid relying on other countries. >>> one pharmaceutical company says the phase three trials of its coronavirus vaccine appears to be working in monkeys. it comes as another interesting study is released involving teachers in classrooms. i spoke earlier with dr. alok patel. let's begin with that new research from the university of minnesota on how teachers can protect students from the virus in the classroom. the researchers say if a teacher stands directly under an air vent, the coronavirus aerosols won't spread nearly as far, and they released a video showing this. what is your take on this research? >> i think it's a pretty elegant way to look at air flow. we know that coronavirus can be aerosolized. that was one concern about reopening of schools. are crowded classrooms going to be properly ventil

i bought kodak, stuart. if not for watching you tuesday, i would have missed it. one. but i don't know whether you did well or the no because it's been all over the place. all right. i think this one is for you, susan. you have to read this one. susan: let's read this one then. remember, do you remember this comment from a few weeks ago? >> stuart is a flibberty-jibbit, lacking in real understanding of how financial markets work. he has succeeded because of his charming manner. susan: so jim writes in, he says i take issue with a viewer's opinion that stuart is a flibberty-jibbit. i have no idea what that is. maybe he is but he's our flibberty-jibbit so i love him just the way he is. what is a flibberty-jibbit? stuart: someone who is not really well put together, doesn't understand what's going on. flighty. my mother would have dismissed someo someone, that's what she would have said. susan: i wanted to share my british accent. what do you think of please, sir, i'd like some more? stuart: that's good. that's really good. don't expect me to come through with an ame

just a little while ago at the white house, president trump announced a deal with the camera company, kodak. it will now start making pharmaceutical ingredients. >> my administration is using the defense production act to provide a $765 million loan. >> more negotiations are underway on capitol hill, white house officials will meet with democrats to try and hash out differences over extending $600 a week payments to people who collect state unemployment. democrats also want funding for a new fbi building. >> part of what we are doing now is really airing our differences. there is discovery in understanding where there might be opportunity. >> when we get to the end of the process i would hope all of the non-covid related measures are out. >>> hours of heated testimony on capitol hill earlier from the u.s. attorney general. he is fiercely defending how federal officers are responding to protests in portland. >> since when is it okay to try to bring down a federal court? is that okay? is that okay?? the u.s. marshals have a duty to stop that and defend the courthouse. that is what we are doin

left for dead kodak. traders piling in and out after news the government was awarding the old e