ceo of teva pharmaceuticals joining us today.uple minutes, breaking news out of the european industrial space. daimler is announcing that airbus' cfo will be joining as the new finance chief. he is going to be starting in april. he was at airbus for a very, very long time. we had some interesting interviews in the past, let's put it that way. it will be interesting to see how he gets on at daimler. stock is up 1.56%. time for the muni moment. exchangeco executed an to reduce is on the $18 billion in terms of bonds. -- it's almost $18 billion in terms of bonds. exchange to reduce is on >> i just have to ask you point blank, coming out with the news yesterday, the recovery rates look good. how do you feel about them? >> we feel good. taking a step back, two bankruptcies, the commonwealth by pepsi and the covina bankruptcy. yesterday's announcement concludes the bankruptcy for covina. $17.6 billion of debt restructure. this sets the stage for the commonwealth to emerge from equity. 33, 30 the seniors got five cents. covina ordinance

you can see teva is selling off almost 10% this morning.hey're levered at what, 5.1 times 12 months and when you're ebitda is not going up as much as anticipated, that's when debt loads become an issue. what do you do to deal with it >> there was an interesting discussion between becky quick and warren buffett we don't know about his current holdings you know how hard it is to get the current holding of something. this took place in february 2018, becky asked why he became such a large shareholder in teva, that would be the last thing on my mind, but teva is not a stock i bought, one of the other two. and becky quick said todd or ted. and he said i've never talked to them about it. becky quick said, so you have no idea why you boughtteva. he goes, no. >> so has nothing to do with the position other two guys want -- >> i bring it up because there are a lot of people who think -- we talked too much about hedge funds, we don't really know -- sometimes within a big firm it not the person you think and love who bought the stock. they run too muc

alix: teva stock doing poorly, bad earnings.op in earnings this year, but it looks ugly overall. revenue will drop 1.5-1.9 billion for the year. out 3 million. they still do see a stabilization of the u.s. industry, they see a trough later in 2019. that is rough. those are rough numbers, the stock getting hit. we will be talking to the teva pharmaceuticals ceo later on. david: the third company we are watching, and electric truck maker -- an electric truck maker. i hadn't heard of them. both amazon and gm looking at it. >> they don't exactly have these electric pickup trucks yet. they are still in production. gm and amazon getting in here early on, making an investment in this company reportedly to $2 at $1 billion billion. you see amazon making real strides in terms of building up their delivery network. this was a way of reducing shipping costs, reducing its reliance on ups and fedex. as we've seen the company ramp up its investments, it looks like they have bigger aspirations for this, expanding their delivery networks. big a

. >>> teva pharmaceuticals posted weaker than expected fourth quarter earnings anded c competition from generic drugs for its blockbusterle multiple sis drug. teva shares plummeted over 7.5% to $17.63. >>> t-mobile and sprint executives were on capitol hill today answering questions from lawmakers about their proposed $26 billion merger. th o ceof t-mobile defende the get together saying it will not hurt concerns or jobs. >> the outcome of this mger t i in supply in the form of eight times the capacity that our network will make available. it will bring in 87% decline in the price per gig of data and jobs will go up. this is dramatically different. >> and shares of both companies fell a fraction in today's trading. >>> and late today, aig reported a quarterly loss which was below the profit that analyst had been looking for. the company cited catastrophe losses along with volatility in both the enity and the credit market. aig also announced a $billion stock buy back program. sharesere initially lower in after hours trading, but finished u a fraction at $44.18. >>> bmw plans to ramp up

teva john in independence, oregon already owns teva. buy more sell it?been the ultimate value trap i used to own the stock. they can't get out of their own way. everybody comes along, value, value, love it, love it, and it's never worked. i don't see the reason for owning this. issues with competition. generics the world is changing. if you own it, wait for a pop, otherwise i wouldn't put new money in hongets say in puerto rico what's a good strategy to invest in emerging markets? >> we like emerging markets as an asset class down 15% last year, up about 7% year to date valuation is still compelling, especially relative to developed markets. trades at about a 30% discount to the u.s. market the big questions that are out there, did you keep people up at night are rates in the dollar, trade, slowing growth in the health of the chinese economy. if you suspect all those get resolved in the right way, which we do, i think there's a lot of return to be had >> thank you for the answer and thank you for the questions. final trades are next along with some big e

increasing by fifteen percent over two years according to new information official figures indicate the teva seventy percent of those made it on farms were white we spoke with some of the farmers who have been subjected to attacks. i think clearly you see closely interlinked in the sense to you i'm so looking just to be in the film to give if you don't insist that this is the life you know who did i sleep slowly up in the door and i was trapped by a guy. around my neck and how to come to my aid. but i. got. to. start with it is now i'm. on my. as i went down the garden began the hit with with the stick. and i was a straight up over see the short between your first if you will continue in my income to the. thirty older doesn't mean you're a leader to those you know so the whole time they held a shotgun to my far edge the one that is called leader you can't say you bench josh much thanks josh. been for the gold. this is phone call to let me. there recently published reports by the affray forum research center also reveals that electric trails blowtorches have been used as assault weapons again

and would you worry that someone with that teva vulnerability could hurt her as a general nominee? >> well, i think donald trump attacking any democrat is only helpful to the person his attacking because of his credibility of being so low, especially among democratic primary voters. it's not an issue that i hear discussed. you know, in reality, a lot of peoples family stories we're now finding out are incorrect with the dna, and understanding that my own, as well. while she might be a lot higher profile, i think a lot of people are discussing how they were told that they had some ethnic background that they find out indeed was not true. so, i think that this is more of an issue for some members of the media, and obviously for donald trump. but regular voters want to talk about health care. they want to talk about environment, education, the economy. having whether or not elizabeth warren's grandmother knew or moret know whether she had native american dna than she let on, that's just not something that's totally relevant to the average family in new hampshire, anyway. >> chairman b

businesses like mars, teva pharmaceuticals, and online retailer the realreal. these three companies are using their incentives to create more than 1,500 new jobs right here in new jersey while retaining hundreds more. our welcome mat is out for them and every business or entrepreneur that wants to play by the rules. likewise, a strong and focused eda is crucial to our economic success. under the new leadership of chairman larry downes and ceo tim sullivan, the eda is working hard to implement the forward-leading policies our economy needs to grow. however, the comptroller verified one of our worst suspicions, that in the most gregious cases, past business incentives got turned into crony capitalism. the audit revealed bad policy, badly run -- a program more likely to have been drawn up in a smoke-filled back room than created for new jerseys future. it showed that new jersey did not implement a serious, strategic plan for creating jobs. it showed a stunning lack of controls to ensure that these tax break programs lived up to heir promises. the results underscor

well, i want to ask your opinion about decker's outdoor courts the manufacturers of the ugg shoes and tevaght the shares in the middle of january. i'm up 20% on them in a qualified account. my question is, you know, they really beat the earnings estimate in the third quarter. they raised the estimates going forward. should i hold out for the stock? >> um, i think so. i think that they're in a big turn i think it's doing well. i think it's cold out. i think that it's -- this is a bit of a trading stock i think that you can let it run a little more. how about marcus in oregon marcus >> caller: hey mighty rogue river southern oregon >> holy cow! yo, man! how about that white water rafting on the rogue >> it's awesome. >> everybody should go everybody should go to the rogue. that's how gorgeous it is. >> caller: yeah. to my part of the country. the only store we have is walmart. you touched on it at 9:00 this morning. it's the perfect indicator to the market man, it should be doing good they got a good management what can with he do with this? >> they pay too much for flip coin who would have

revenue and forward guidance are weaker than expected while boosting its developer ranks by 20% and tevaeuticals earned 53 cents a share for the fourth quarter. that was a penny below expectations revenue was above forecasts, but the stock is now lower as you can see following the report down 7%. >>> treasury secretary steven mnuchin and robert lighthizer are in beijing right now trying to hammer out a trade deal with china. kayla tausche joins us with more last hour we heard about the perspective from beijing on this, but what's the perspective from here in washington? >> well, the goal of washington is to put together the framework for an agreement with china that president trump and president xi would formalize at a future meeting between the leaders. earlier in the week they tried too hammer out the fine print. now the south china morning post is reporting that president xi could meet with secretary mnuchin according to their sources. up until now, there had been no text for a potential deal. the date for a meeting between trump and xi remain between what the u.s. has said publicly i