it is produced by a division of novartis. as you can see, we are seeing a slight reaction in the european version of novartis. here in the u.s., the adr's are down that little bit more. let's get to the other stocks that are moving. there are stocks lower in the s&p 500, which has brought the s&p down to below 3000. around 1.1%g steady lower. irane getting news that definitely sponsored the attack. that is what the press conference is saying. the 10 year yield, 1.75%. fedex the worst performer right in the u.s. after what analysts are calling a dire forecast. guy: the saudi press conference is still ongoing in riyadh. the defense ministry announcing that this weekends attacks were unquestionably sponsored by around. weekend's attacks were unquestionably sponsored by iran. pointing a finger vaguely in the direction of iran at the moment, but we are waiting for further details for that finger to be to be pointed a little more concretely. bloomberg's yousef gamal el-din is joining us now from riyadh. your assessment of what the

thanks to the strength in novartis' psoriasis, heart failure and oncology franchises, on top of thathey had big product launches coming up including a major breast cancer treatment. now, there is one fly in the ointment i think holding the stock back last month the fda rebuked novartis for failing to disclose that their newly acquired avexis was manipulating data. they have denied all wrongdoing and fired anyone involved and it sures seem like this gene therapy is still very much on track to be approved but this was still an ugly headline while i don't like it it's not a deal breaker for me. it might be for you. i trust them to do the right thing. you may not. i don't know we have to go with our guts. you can buy it at a discount and stock trading at 15 times earnings and we picked up some earlier this month for the trust and follow along if you're worried about the lawsuit, we're follow it closing by joining the actions alert plus.com club. here's the bottom line if you want big pharma exposure with fewer headaches related to u.s. politics buy a well-run foreign drug company these a

drugmaker novartis is stopping distribution of its generic version of szantac because of cancer concern. an ingredient in it may have become tainted with cancer causing agents. the amount of carcinogen is not considered to be hazardous but novartis says it is stopping distribution until it learns more. the fda says patients can continue to take the drugs, but just make sure you check with your doctor. >>> amazon is making it easier for customers to purchase goods using cash. it's teaming up with western union to help customers who want to pay with cash. shoppers will be able to make a purchase on amazon and get a unique pay code at checkout. they can pay in cash at a local western union within the next 24 hours of making that transaction. >>> happening today, you can visit several san francisco museums for free. this is the second time this year thanks to the culture for community initiative. participating fen views include t free admission and extending their hours. about a dozen restaurants are doing food and drink specials as a part of this event. >>> happening this morning, you're l

novartis calls the step precautionary.rities say you should check with your doctor. >>> now, to a ref suspended tonight. new jersey state athletic officials suspending a high school wrestling referee for two years after he forced a black teenager to either cut off his dreadlocks or forfeit the match. that was last december. >>> and multiple soccer players struck by lightning during a game. you can see two players collapsing moments after that visible flash of lightning in kingston, jamaica. a third player also hurt. people running to help. the players are now recovering. >>> when we come back on the broadcast, america strong. the boy, his great-grandparents and the image that will lift you. saturdays happen. pain happens. aleve it. aleve is proven better on pain than tylenol. when pain happens, aleve it. all day strong. when you retire will you or will you just be you, without the constraints of a full time job? you can grow your retirement savings with pacific life and create the future that's most meaningful to you. whic

it's an amphetamine novartis made it and after the murder of my daughter novartis change the labeling and it reads now increases homicidal ideation. so if a kid is violent like what happened, i'm not saying every kid. it probably works for 95% of the kids on it but the violent ones mentally disturbed emotionally disturbed punching holes in walls killing animals, there could be kids at these schools on that type of drug without emotional disturbed on that type of drug. it took my daughter to be murdered for me to find that out and you can fact check it if you want. they changed the label. so that's what's in the public schools also. we found that out after. it's an ongoing process because of my civil suit so when our depositions of these people that failed my daughter one by one i've been getting to them. it's hard to arrange for deposition was with 38 tourneys involved. it takes months so we are going to have more. we have more records and we are going to expose them all, everyone that is responsible. >> thank you. i have a question. in your research or in your awareness of the school

borja: el fabricante medicamentos novartis suspende la distribuciÓn de zantac. publicitarios. ¿tu pila te da más vida o más energía? más vida. más energía. más vida. más energía. lo bueno es que, comparada con coppertop, la nueva duracell optimum te da más vida en algunos dispositivos. o más energía en otros. te da más vida en algunos dispositivos. con el tiempo, tu nariz se acostumbra a los olores de tu casa. pero los demás huelen esto. por eso febreze plug tiene dos aromas complementarios y elimina los olores durante 1200 horas. i love video games. it's all i do. a mí no. (anunciante) nadie es igual en la familia. por eso verizon ahora tiene más planes para mix and match. nuevos planes desde solo 35 dólares. nuestro mejor precio ever. con llamadas y mensajes ilimitados a méxico. verizon te da más. y esta queridos poamigos es la razÓn. porque little debbie dibuja una sonrisa en Él y ellos. tambiÉn en el. y es que detrÁs de cada sabor, forma y variedad estÁ nuestra familia, nuestra marca y garantÍa. por eso cuando llegues al pasillo, a ver si piensas que hoy hor

novartis is a loser, down 1%. that drags the most points over any other start.nd wirecard are falling, as well. european markets are opening higher. that's after the u.s. imposes tariffs on $110 billion of chinese imports yesterday, beijing beginning its first stage of retaliation, as well, on $75 billion. hitting farmers very hard. joining us is simon french, chief economist at penn mayor gordon. let me first ask you about your take on the trade war. tariffsseen the tit-for-tat as it stands now, priced into markets? fully i don't think we're priced in because it's a brave investor that knows what escalation we get after thanksgiving is over and the u.s. president looking more strategically at that relationship rather than just the impact on u.s. consumers. i think there is still far more to run in this, but i think markets this morning is very much on the basis of a decent print out of china on the pmi, suggesting the stimulus program is managing to lean against trade war concerns. matt: have we seen any sign that european companies have been able to take advan

what led novartis to take this dramatic step? >> reporter: they say they're doing it as a precaution. we're talking about a chemical called n.d.m.a., which the world health organization says is a probable human carcinogen. that means it could cause cancer dn humans. we spoke recently, a few hours ago, to the c.e.o. of an online pharmacy called valisure. which is the generic form of zantac, and alerted the f.d.a. last june that there were elevated levels. he told me that a single tablet of ranitidine contained more than 30,000 times of the acceptable amount of n.d.m.a. we spoke to the f.d.a. about this, and they had you know what, we also tested positive but it's just low levels and we're still doing tests. we're still doing tests. >> brennan: what about alternatives? a lot of people suffer from heartburn. >> i'm a gastroenterologist, as you know. there are a ton of alternatives. people should talk to their medical providers about possible alternatives and there are a lot of different things they can take. >> o'donnell: i can reme

the drugmaker, novartis, says the recall is simply a precautionary measure. >>> now to some news for avocado lovers. the grocery chain kroger will now sell longer lasting avocados to save money and reduce waste. the fruit is treated with a plant-based solution that slows the decaying process. they should stay fresh at least twice as long as untreated avocados. >> i have to see that one to believe it. >>> coming up, a monumental day for the washington monument. >>> also we hear from two victims of a hot air balloon cr service announcement from a group with ties to the sandy hook school massacre. the message parents are sending. the message parents are sending. ? i now pronounce you husband and wife. you may kiss the bride. awwww. oh, get your birdseed ready. ♪ [seagull squawk] oooh! [falling thud] run! [seagull squawks] [crowd screaming] unitedhealthcare helps connect you to care... ...whenever you need it. so i'm not going to need stitches then? no, just the antibiotic cream. oh, watch out! unitedhealthcare. the in-laws have moved in with us. and our adult children are here. so we sa

and aggregates we are seeing like nestle, novartis, being sold today, but in aggregate, .arket down by about .2% vonnie: keeping a close watch on to the fiscal stimulus push of his tenure. we are joined by the managing director of pimco, in germany, and today he is in newport beach california. you just heard the talk about the negative basis points for the german ten-year. we were negative about 70 a few days ago. a bit of a selloff in global bond speed what is happening. globallyk bond markets were scared by the outlook for growth and inflation coming out of all of the trade negotiations or lack of progress thereof. so we had that big down move webally, and from here on sharp toirmation of a take yields lower. maybe were getting consolidation now after what was a very big move down globally. vonnie: how does the ecb interpret this tomorrow or the next day, what will they do? the ecb will not be bothered at all by some of these ups and downs that we have seen. their focus will be on getting inflation back to target. what will they do? i think they will restart the package, what they've

nestle, novartis, roche, those kind of names.anks are on the front foot as we come to the close here in europe. ♪ guy: european equity markets higher but not by much today. volume is good. we are getting rotation. rotation is definitely happening . we are seeing defensive names coming under pressure, largely led by the bond market. the yields are backing up. in europe,ng that seeing it in the bund market, the ftse up around .5%. oil stocks doing well, the banks doing well. the dax is trading up a similar amount. a similar theme. the cac 40 absolutely flat. it has been dragged lower by utilities. we are hearing what has been happening with ubs earlier on. let's get into the rotation story. i do not think the action is here at a headline level. the action is one level below the surface or two levels below the surface. this is where things get interesting. let's look at the top end of what we are seeing in the market. oil and gas doing well. run. continue their solid this is being driven by the backup we are seeing in yields. resour

. >>> novartis is stopping distribution of the generic version of zantac because of a cancer concern.reat heartburn, but the fda says there's an ingredient in it that could have become contaminated with cancer causing agents. regulators say the amount of the carcinogen is not >>> at&t might be ditching district t directv. >> at&t is considering a sale or americans with dish network. this comes four years after at&t bought the satellite tv company. here's what's happening at the new york stock exchange. we're slightly up this morning, about 62 points. >>> happening today, it is a "hamilton" takeover on midday live. >> we have a lot planned for you, including live interviews with the stars of the show. we followed one of them to see how she prepares for her role as a skylar sister. it's interesting to see this day in the life of sabrina sloan. >> 4:00, i start my warmup. it's probably about half an hour. i do a lot of rapping in the show. if you're talking a lot during the day and rapping a lot, it's easy to wear out the voice. so i have to strengthen the whole voice. it's very much lik

vonnie: here we have novartis stock. we are getting breaking news on it.ution of all versions of the gen

my daughter's murderer was in on and amphetamine novartis made it and then they change the labeling now it reads increases homicidal ideation. if kids are violent, i'm not saying every kid the 95 percent of kids that are on it but the violent ones are the mentally disturbed and emotionally disturbed these those that kill animals are punch their mothers teeth out there could be kids on that type of drug that are emotionally disturbed on that type of drug and it took my daughter to be murdered to find thateror out you can fact check that if you want a change the label. that's what's in the publicc schools also. it is an ongoing process because of my civil suit. so in the depositions of the people that failed myy daughte daughter, just one by one i get to them. it's hard to arrange with the deposition with 30 attorneys involved. it takes months. we will expose them all. and everyone that is responsibl responsible. >> in your research or the awareness of the school to prison pipeline without racial quota disciplinary concep concept, underlying the assumption that teachers are racist or that

adding to the stoxx 600, helping to lift the index, and it is up almost one point right now, nestle, novartis these are some of the heaviest stocks on the stoxx 600 index. on the downside, you see b.a.t. off 1.5%, rolls-royce down 3.25%. bigger movers that are holding down the stoxx 600 from further gains. hsbc is also a loser. interesting to see the banks split. gaining, someubs like hsbc losing. story being told by the move screen, either. anna: we will look for the u.s. open where futures point sensitive lee higher. european markets opening next. from centralok bankers this week, a few cuts come a hike from the nordisk bank and hold from others. the chief investment officer at barclays is with us. one of the stories a colleague was riding overnight is neutral is the new hawkish because it seemed markets were expecting such dovishness this weekend last edit a got a bit of that but not as much as they had expected. that was interpreted in a hawkish way by markets. 12 are you expecting from the central banking story from here? >> at the moment, it is on a knife edge, isn't it? in the u.s., th

astrazeneca, nora nordisk, novartis, diageo all could be considered health care stocks, rising this morningng points, keeping the stoxx 600 back from bigger losses. you do see, on the downside, sap fulling -- pulling the stoxx 600 down. some of the tech stocks down this morning, as well as some of the luxury stocks. louis vuitton and caring are both on the downside here among the biggest drags on the stoxx 600. we also see glencore down this morning, fickle bilbao, a lot banco- finkel bilbao -- bilbao down. the ftse is getting slightly as investors monitor latest elements entry talks -- latest trade talks. you, howart by asking do you think the trade talks are kicking off to start the week? >> well, some noise a bit earlier about cancellation of visits on farms, but it seems like that was part of the scheduling. and so, so far so good. both sides have made good gestures to create a right environment. a massiveexpecting grand bergen here. but so far, so good in terms of getting some agreement not to escalate things further. that's all the market needs at this point. talks andtructive cancele

novartis, the counter to the roche move.ixed picture for the drug sector but do see banks moving higher. that is what we're seeing on the markets this hour. let's get a first word news update. u.s. officials have discussed offering china an interim trade deal. it would delay and even rollback u.s. tariffs in exchange for chinese commitment on intellectual property and agricultural purchases. president trump says he would be open to it but would prefer a lasting arrangement. >> i would rather get the whole deal done. i would rather get the whole deal done. we have taken in billions of dollars of tariffs. i would rather get the entire chinese deal done. >> the chances of a u.s. recession for the 2020 election are now at 75%. that is according to billionaire money manager jeffrey gundlach. he says the odds have risen based on changes in the yield curve. to your treasuries exceeded those on tenure in august before flipping back. the u.s. storm threat is rising again. warnings have been declared for the bahamas. have the storms m

when we are in conversations with novartis or anheuser-busch the past they've taken up to a year fromt first contact to getting to a point where we can find an agreement. ed: there's some reason for that caution because we have seen this sector eviscerated recently in terms of share price movement. we seen your own company, but also a lot of competitors, get downgraded. is that a function of the market in this sector getting so overheated? brendan: i think it is going to be as big, but we are in such an early stage. if you think about medical cannabis, there's 20% penetration. make that double over the next few years to 80 countries, and all of this volatility is around , uruguay and canada. 1% of the world's countries. i think we will see four more countries over the next 18 months, but you will see this continual at admission of countries that legalize don't ultimately -- continual admission of countries that legalize adult use. ed: let's play that scenario out. we see huge growth in the industry. you and i suppose some of your peers, are you positioned to meet that demand? it is su

the maker of a generic version, novartis, stopped the distribution of its prescription version as a precaution. the move comes after the fda announced on friday that the medicines containing ndma could be a probable carcinogen. >> the maker of zantac that is not suspending distribution said in a statement, "the fda reported that the levels of ndma in rantidine rarely exceeded amounts found in common foods. we're working closely with the fda." a lot of names of the medicines. let's start with the ndmm. what is it exactly? >> it's a byproducts of processes. manufacturing of dyes or tires or rubber can lead to this as well as chlorination of water. you can get if from smoked meats, fish, tobacco smoke, or malt beverages. it is out there. it shouldn't number our medications, however. this was the same type of contaminant or byproduct that was found in some of the blood pressure medicines that were recalled last year. things like valsartan. it is considered a probable carcinogen in humans. it has been shown to cause cancer in animals. >> how dangerous would put it? >> i don't think we necessarily k

but it's owned by a subsidiary of novartis, the giant swiss pharmaceutical company.t generates a big amount of sales. interesting to see where this goes. stuart: no significant pullback. none at all, actually. down ten cents on sanofi. ashley: we will see what comes out of it. stuart: check futures again, please. monday morning, second week of the impeachment process, so to speak. we are going tou go up on all three exchanges. >>> the wework drama having a wider impact. how the company's problems are hurting new york city's real estate market. got it for you. >>> scary moment for people on a united airlines flight. find out what caused the plane to shake violently as it headed from denver to orlando. you want to see that? ouch. >>> president trump stepping up his attacks against adam schiff and the democrats, and now the president says he wants to meet with the whistleblower. eric trump in our studio next. "varney & company" just getting started this monday morning. ♪ ♪♪ ♪♪ ♪♪ stuart: all right. when i sate wy it was a rough ft for some united airlines passengers, i'

strong data from a heart failure treatment trial and that means it is headed for haske and also, novartisling .3. guy: oil under a little pressure today after its first monthly decline since may. the deepening trade war is stroking fear is that economic global growth will hurt demand. the latest china tariffs also went into effect yesterday. and for the first time, oil is on the list. the chinese are raising the tariffs on a whole range of agricultural products out of the united states. let's talk about the impact and how the affect is going to be felt in terms of complex. shellady,g in scott who joins us now on the phone. inmally, we get to see you person, so this is a disappointment in some ways, but thanks for spending the time on labor day. happy labor day. let me just ask you about the chinese tariffs. when you get to work tomorrow, what kind of a reaction do you think you will see in the results of that? scott: i think there was a little bit of elation going into the weekend that maybe these things were stalled or delayed, and because that did not happen, it was already happening in