the board has no role at perrigo. it's in or out, and if 50.1% of shareholders shooz to tinder, they'll toss the board and get rid of management. if they get 80%, they'll be able to get rid of management. we'll be watching that one over the next two monthinsmonths. it's starting this week. >> chevron just barely managing to hang onto the green. let's go to mary thompson. >> reporter: dow jones industrial average at the highs for the day. up 287 points. we kick off a shortened trading week. strength in asia with the exception of japan. strength we've seeing in europe thanks to decent data on the eurozone as well as out of germany today. the s&p 500 index along with the dow much stronger in early stri trading up. the s&p 500 could still retest the lows it saw in august of 1867. they expect the bottoming process to continue over the next couple of weeks. when you see a weak start to the month of september as we saw last week, when all three of the major indices declined, posting their second worst weeks of the year, you

do you think they're putting a lid on perrigo that had a pretty good quarter? mylan has problems that they and we have identified as we talked to shareholders. they have a large product concentration risk. there is a concentration risk they have announced that they will get approval for a generic alternative. the products have been declined 9.4% a year. so they have significant revenue short falls that we think are holding down the value creation, so we absolutely agree with your statement, jim. >> early november, and it looks like you will lose this thing, is there a rip cord you can pull? >> we feel strong about our stand alone case, but we have done 27 different transactions in the nine years. we will continue to look at it. we believe this is a bad deal. >> and the shareholder wills decide. we appreciate you coming to visit with us today. joe papa, chairman and ceo of perrigo. >> we'll talk trading with jim in just a moment. the internet of things. what we're recommending as your consultants... the new consultants are here. it's not just big data, its bigge

and mylan offering a tender offer to acquire perrigo. perrigo is urging shareholders to take no action pending a board review. >>> alibaba is down. if y new fears the stock to suffer a major plunge from here. morgan brennan is covering the play by play. >> alibaba is in the spotlight after a barron's story saying shares could fall 50% from current levels. the publication outlining several reasons including increased ecommerce competition, scrutiny surrounding the company's governance and culture, and pressures could come under share when the lock up expires this sunday. in response to barron's assessment, alibaba slamming the story in a letter to the editor saying the report contains factual inaccuracies and selective use of information and the conclusions he, meaning the rorner, draws are misleading. you can see that four-page response on cnbc.com. outlining seven examples of errors including how the price to earnings multiple was calculated. still, you have a number of factors that have already been weighing on the stock. the lock up e

i've been watching perrigo. it's a great company.here are people who say i don't care that the earnings are good and the p/e is shrinking. people want their bids, and they're not happy, because the market is so bad. without a bid or propup, some of the stocks would go down as much as they're going down that don't have bids. let's get to bob. >> essentially at the highs for the day. global markets stable. the dollar is firmer. take a look at the s&p futures. the productivity report helped. better than expected. we had a nice pop up around that time. about ten points. that helped out. good news on the economy, generally. sectors, all ten sectors to the up side. tech leadings, financial, health care, energy. a broad swath up. some of them as much as 1%. those global multinational stocks i love to stock about, the honey wells and general electric are better after a horrible week. a lot of them are down 3% even with the up moves today. over to china, modest to the downside. i want to point out something interesting about china. is shenzhe