$250 million over the course of a decade that particular news is helping to send shares of not just teva but drug districters to their highs of the day as well we're keep a close eye on this but for right now that's the reason you're seeing such sharp moves higher on these drug districte distributors back to you. >> thank you goldman sachs cautions that buy backs are plummeting will earnings be enough to push stocks to new highs? let's talk about that with chief investment officer and jamie cox who is a managing partner with harris financial group we'll get to the question of the buy backs in a few minutes how should i invest in that slower growth environment? >> i think it will be good enough to take markets to new highs. you have to look at with the bad news out there, we're seeing corporate revenues grow faster than the conomy. that reflects the fact that people are working you talked about the end of the last show about how we're seeing strikes because the labor market is so strong those people are making money and spending that will keep driving revenues and probably wil kpmtatioexp

teva shares gained on word of a deal with fourtates though estions remain about that. meg tirrell went to clevelandrto on the happenings inside the crthouse but instead has the story of what happened outside. >> reporter: the jury was selected, theourtroom packed, but just minutes before the rst federal trial over thena on's opioid crisis was set to begin this morning, woror cae of a settlement. the trial was off. ut it's more of delay than a reprieve.four defens, three big distributors and teva reached a settlement with the t ohio counties that were plaintiffs in this trial. it's worth $260illion and adds to the $6 million settlements already reached with four other drug makers. but more than 2,000 cases against drug companies remain brought by cities, counties, tive american ibes, states and others. work towards a broad settlement was underway late last week and over the weekend and this afternoon the state attorneys general leading those talks said they had reached a broadettlement framework with five companies it includes $18 billion inio cashr 18 years from the th

johnsonance johnson in the heart of it j&j fighting these cases as teva and. >> j&j has another talcem. >> they have another talc problem. >> they can't get out of their own way. to this point all the names popped recently 15 to 20%. another batch of bad news could be another headwind and ukds see the easy profits no so easy in the last month could give half back. >> i'm always amazed looking at the drug distributors at how enormous they are in terms of revenues i think they're -- the ones mentioned there all in the top 15 among american businesses in revenues >> huge companies. >> huge, huge. >> $30. >> mckesson from the stock 128 to 152 in about a week and a half i mean that's a significant move real quick, j&j we have this a while, looks compelling but the headline risk is such that the 121 level we saw in december of 2018 is absolutely in play. >> let's move on cnbc sat down to pimco cofounder bill gross at his home in newport beach. the former bond king is a stock pick are he gave cnbc brian sullivan his favorite play right now. let's see what it is >> allergan, which manufactur

teva higher.use teva is beaten down so much and the share is smaller, guys. >> good clarity on a complicated story. meg terrell today in ohio. >>> secretary of state pompeo defending free speech and u.s. business interests in china in an interview with wilfred frost. take a listen. >> every company's got to make a set of decisions but what we have seen over the last few weeks now publicly and known for a long time is that the long arm of beijing is reaching out into the companies, stealing intellectual property, forcing technology transfer, making it difficult to make a profit in china for many, many companies from a foreign policy perspective, we think it's xleetdly inappropriate for china to attack u.s. businesses whose employees or customers exercise the freedoms here in the united states we think that makes no sense and we'd encourage every company to make a -- take a good, close look ensuring that the kinds of things, the reciprocity that president trump is demanding from china actually takes

teva, you know, has just not done well.t's the stock of all of the darlings, if you go back five years. if i'm going to own health care, i'm going to own pharma or big ones that i know you own >> pfizer, merck, busineristolm. >> and they're trading off of what might come out of this and that is dangerous territory. because that could swing either way, scott it could be unfavorable for them which is unlikely or get a whole lot worse. i do agree with steve. which is why i'm in the pharma name, big names. >> it looks so cheapful you take a look at future earnings then you take a dive. and even i with my value stock, i'm not getting into this. just on the other side, going down to maryland this week, in the baltimore conference, this was one of his top picks >> interesting >> what was the basis score? >> i think it was mostly on valuation. >> that's interesting. >> i hate the space napharma and bio right now, teva should outperform because most of it is in generics which should find a benefit in price control still, i think it'

we are hearing $25 million in anti-addiction drugs that teva will provide that is over flee yeathreer teva walgreens was named in the settlement the judge will work for a new trial date walgreens is not off the hook. four other drugmakers settled. $300 million or so going to the two counties in ohio as you look at the way the stocks are trading, distribution is down. they are still trying to work toward a global settlement there are more than a dozen defendants across the drug industry and supply chain that have been named in the thousands of cases litigation includes the next federal trial which hasn't been scheduled and state trials we talked with the lead attorney for the plaintiffs in the federal trials about whether we keep seeing the piecemeal settlements. >> it will go that way until we reach the global we think the right thing is to have a global settlement it has to be a fair global settlement >> talks were going late last week settlement up to $50 billion from some of the companies joe rice selling us that the number is not high enough and it needs to go directly and quickl

what teva has agreed to a contribution of $23 billion worth of naloxone.id overdose reversing drug. so they would provide that drug as well as up to $250 million over the next 10 years. the goal of the settlement is one, to, avoid any further lawsuits and settlements but it is also to, as we understand it, try to reverse sort of the impact of this company in the opioid epidemic. but the company says, in agreeing to these terms it, hasn't admitted to any wrongdoing. that is the latest. we're still working through the terms of this agreement. but essentially an agreement in principle, a settlement in principle. we'll try to get more information as it comes in. charles? charles: grady, thank you very much. i want to bring in trial attorney heather hansen. this is our area. every single day. so the audience knows, you have mckesson, amerisourcebergen and cardinal health, all those shares are down after they made their settlement. i guess they're facing a whole lot more cases, testify is a. the stock is going through the roof right now. >> what testify is a is

they're not a monolith teva will be differently situated from j&j who is different from allergen. we have to be careful in terms of trying to put them all under one umbr, if you will, particularly when you try to compare them to like a purdue pharmaceutical, for example. i think the facts are really important and we really have yet to see the facts in these cases because other than j&j in oklahoma we haven't had a case go to trial yet. >> right >> so i think that caps like teva and allergen and others if they go to trial before a settlement are going to have a story to tell. i think at the end of the day these companies want to now be part of the solution i don't think any of them anticipated the opioid epidemic becoming what it, unfortunately, became -- a national tragedy i think there's a lot of blame to go around i think these companies are willing to pay to make right some of those issues >> we have to go but do you think these numbers will satisfy the public in terms of holding someone accountable and these companies accountable, if that's the right place to go to, for what's

the drug was only made by two companies, one of them, teva pharmaceuticals, ended production in july the fda says they cited a business decision in a statement, teva said at the time there was no indication of a possibility of a shortage adding we are looking at any and all options to contribute to the solution now. pfizer now the only manufacturer of the drug saying in a letter today, it's expediting shipments we expect to fully meet market need in late october even so, pediatric cancer doctors say the shortage exposes a larger problem. >> if you only have one supplier for a critical medicine in this country, and it's a manufacturing facility that's overseas and something goes wrong, you have an incredibly fragile system. >> we don't want to bury our child our first born, our only child, we do not want to bury her. >> reporter: parents left hoping for enough medicine to give their daughter a fighting chance blayne alexander, nbc news, georgia. >> we'll take a break here still ahead tonight, drones delivering packages, the future already here with today's ground-breaking flight. >>>

they include teva, walgreens and mckesson of.politano. what are you expecting here? >> it doesn't look like the cases are going to settle. one of the plaintiffs -- excuse me, one of the lesser defendants just settled a few minutes ago. it's not vee very significant. there are about 2,000 of these cases that have been consolidated by the chief justice of the united states, before one federal district court judge sitting in cleveland. the plaintiffs in all of these cases are not individuals who have been harmed by the use of the drug or addicted to it but counties and cities -- not states, they have their own litigation. these are counties and cities around the country. so this case is what we call a bellwether. the plaintiffs are typical and the defendants are typical and the allegations are typical. the jury if it goes to a jury will be asked very specific questions. which expert did you believe, why did you believe that expert, why did you find lienl liability against wall greens for example, if they do find liability against a

hearing was considered an important test case only 2 counties were prosecuting israeli drug maker teva and u.s. distributors mckesson america and cardinal health but any ruling was expected to set the benchmark for trials across the country an attorney for the 2 counties explains why they settled at the last minute instead of going to trial that was the problem. that was. there we're talking billions of dollars. trickles. down to start its program and that's why we recommend to the county that that was a good deal for the county or anyone else we had. to the national so. the 4 companies will now pay a total of $260000000.00 to the plaintiffs it's money they urgently need for preventative measures and health education but a national solution to the opioid epidemic appears distant. for the subject i'm now joined by financial correspondent on wall street. it's good to see you so we saw stock prices of most of the pharmaceutical companies involved tag today what does this mean for the makers. well it means that the uncertainty will remain with us recently there was talk about a countrywide

hearing was considered an important test case only 2 counties were prosecuting israeli drug maker teva and u.s. distributors mckesson ameri source and cardinal health but any ruling was expected to set the benchmark for trials across the country an attorney for the 2 counties explains why they settled at the last minute instead of going to trial that was the problem with the national settlement that was proposed they were talking billions of dollars. trickles down even up start up money to help any any one county start its program and that's why we could recommend to the county that that was a good deal for the county or anyone else but we had to stand alone and say no to the national settlement. the full companies will no pay a total of $260000000.00 to the plaintiffs it's money they urgently need for preventative measures and health education but a national solution to the opioid epidemic the pews distant. let's get more on this with chills leave the lady or financial correspondent friend for chelsea what does this settlement mean for all the other pending cases attorneys are saying

. >> we don't like teva and we're keeping our mantra don't own teva let's go to ann in new hampshire,. >> caller: yes, mr. cramer, i'm buying stocks for my great granddaughter, should i add mgm for her account? >> yes, that's an incredibly run company and they have ambitions for gambling and sports that i think are spectacular. betty. >> caller: hey, jimmy. jimmy, i'm calling you on a stock that everybody is going to screw up because they're going to think it's an apparel stock, well i got news for you jimmy, with 539 pairs of he electric car hazard boots which we need in california god knows, 722 pairs of steel toed boots, which you have to wear on construction sites, boot farm is already up over 100%. >> well, here's what i say boot barn is still a buy i like the stock very much and i think you should own it and then if it comes in that i think you should buy it because i like the stock, it's a good one let's take one from charlie in pennsylvania charlie. >> caller: booyah, jim. >> i'll take that. >> caller: your old partner larry legend and your newer partner. i'm here, i bought te

teva would give away medications, one is offers 15 billion. as part of that quote value proposition, it would provide distribution services. u.s. senators for disease control and prevention, reporting that opioids were responsible for roughly 400,000 overdose deaths in the u.s. from 1999 to 2017. so, clearly the judge, many others want to make a point. melissa? back to you. melissa: deirdre, thank you. >> sure. connell: defending a controversial digs, president trump speaking out on temporary cease-fire deal with turkey after a call he had with the president of turkey, president erdogan. blake burman live with all this. blake? reporter: connell, the call between president trump and erdogan taking place earlier this morning and afterwards the president downplayed reports of renewed fighting in northeastern syria. at a couple different times today, it is quote minor sniper and mortar fire. the president today continued to hail the cease-fire agreement arranged by the administration. acknowledging though it could be actually tenuous. >> we're doi

the most recent, of course, is about teva pharmaceuticals that stock had jumped earlier this afternoon on a statement from the company that seemed like they had reached not just a settlement here in cleveland to avoid going to trial in the first federal trial, but potentially a broader, more global settlement with states and municipalities around the country. however, ref reached out to the co-lead plaintiff's attorneys representing the state's municipalities involved in this federal trial and they say they are not onboard with this framework that teva has put out there. teva says this includes about $23 billion worth of donated drugs to treat opioid addiction over ten years it also says it in connection with up to $250 million in cash over ten years no admission of liability. they say they've reached this framework with the four state attorneys general that are leading the negotiations they say there are potentially other defendants involved. we are continuing to dig on this zpi and find out more. meanwhile, the first federal trial was supposed to start here in cleveland involving mul

"big three" distributors:e mckesson corporation,er ource-bergen, and cardinal health, as well as tevaicals, which is an israeli drug mak but thousands of government officials around the country are watching to see whethech bigger national settlement can $50 billion.ossibly as high as let's look at how the deal took shape, and what comes next. lennbernstein of "the washington post" has been covering this caserom the beginning. he's in cleveland where the settlement was announced. welcome back to the "newshour". before we get tosahese other ths of cases that are still pending, some form of an agreement, tell us what was settled late last night betwe these two ohio counties. >> t counties and the drug companies have agreed ope, o tht instead of going to trial, the big three distributors will provid$215 million in cash and teva will provide anotherin $20 millio anti-addiction drugs. that money goes as quickly as possibleo the people in cuyahoga and summit counties who need it for treoratment, law enforcement to take care of foster children, for all the needs created by the opioid epidemic

i think this is a case where we'll see much bigger numbers it's a very emotional public issue. >> teva down 47% year-to-date, off of the news it popped 15% today. it's coming from a low base. i'm not saying the sky is clear but if you're going to play this for some sort of a news event, maybe you play it through options or maybe you buy the equity but it is a very expensive option, but it's priced as if it's going out of business >> well the equity is distressed this is an $8 billion market cap, got 30 billion in debt, only 2 billion in cash and if you look at the earnings and their sales, they've been declining every year for the last few years so this is a difficult situation. i think johnson & johnson to absorb this sort of thing is better you make a good point. for these guys saying here is our framework and johnson oo ss johnson never settles. >> j&j is fighting a battle on two fronts, not even talking about -- >> how about three >> a list of drugs >> it's not just >> how about the political pressure on the sector, too. it's not as if -- i like j&j i can't say i go in and buy more

if a deal is reached teva pharmaceuticals would contribute billion in and tie addiction drugs and another 14 billion towards distribution. on a tree along the peninsula. look at that 50 feet in the air with no food, no water. we'll have the latest on the rescue efforts coming up. before we go peek ou checking in on conditions around the bay area you're waking up to temperatures in the 50's. >>and 60's 55 of antioch 54 novato 50 ind 64 in mountain view your afternoon and your weekend looks pretty good. we'll be right back. welcome back to the kron 4 morning news and thanks for waking up with us it's time to check in on entertainment headlines. >>and the riddler has 5 and we've been cast in the upcoming batman movie david daniel has that plus more and music in today's hollywood minute. >>avengers endgame is the highest grossing nearly called the hollywood blockbuster award marvel execs will pick up the prize at the 23th hollywood which bills itse official launch of the beverly hills. >>it feels really good it's hard to process called a no known for such films as 12 years a slave and there w

teva is also in talks to potentially contribute at least $15 billion worth of drugs to the settlementbout any cash. >> wait. teva's contributing drugs to a settlement >> potentially ones that could be used to reverse overdose. >> -- >> this is what makes amera great. >> well, actually it's interesting you bring up that point because part of the purdue settlement, which isn't part of this, that company essentially would be turned into a public trust and the sales of its current drugs, including ownershopioid would then -- >> fund the settlement. >> exactly. >> fund your problem with a new drug yeah. >> when the headlines like the does it jeopardize -- so if they say the stocks were up, it was less than expected does that mean they're going to -- >> right it's not a done deal yet so that could absolutely happen. there are sticking points. we're hearing over potentially even just attorneys fees right now. people are trying to sort that out. we should note they are up against a hard deadline. jury selection is going on right now for the first federal trial scheduled to start in the opioid

last week multiple drug companies including johnson & johnson and teva pharmaceuticals proposed a $50on settlement. the local governments declined the effort. -- the offer. the companies will now defend themselves over allegations they fueled the nation's opioid crisis. >>> boeing is responding to an outcry over leaked messages about its 737 max planes saying it understands the concerns raised by federal transportation officials. now in the messages, a former boeing test pilot told a co-worker he unknowingly lied to regulators about problems with the flight control system. that system was later implicated in two deadly crashes overseas. boeing said it's continuing to investigate the messages but claims that the simulator software described in the messages had not been finalized. >>> meantime, chuck schumer is calling on fda to take more action to regulate the baby food industry. schumer says the fda should examine a report that found dozens of baby food products a recent study found the presence of heavy metals including lead and arsenic in 95% of the 168 baby foods that were tested.

companies reach a multimillion-dollar settlement for their role in the opioid mek epidemic, mckesson and teva reached a $260 million legal settlement. now now distribute 90% of the country's drug. we're back after the break. >>> want to take you live to pacific palisades in southern california. as you see here, a brush fire has broken out. leaving a lot of thick smoke to the area but there are concerns because you see it is in a partially residential, looks like business neighborhood there as well. and the winds look like they're already picking up. evacuations are underway. pacific palisades is kind of tucked in between the santa monica mountains and the pacific ocean not too far from the world famous getty museum and construction crews on the site just hosing it off. >> you could see like they said, the winds are picking up in the area. we're told this is one acre of land there and it looks like fire crews have just arrived to the scene trying to get that under control. and we saw crews there just moments ago. they were trying to do what they could to put the fire out because it was spreadi

the companies are mckesson, cardinal health, amerisource bergen and teva pharmaceutical.y reached a settlement totaling $260 million with two counties in ohio. they're the first of nearly 3,000 plaintiffs across the country that are suing big pharma over drugs that have killed hundreds of thousands of hunicans. tonight dean reynolds reports on thotten to of th crthe growing number of ilen >> you go get the cones. >> reporter: when we met suzanne valle two years ago, she was busy fostering five children, all from drug-ridden homes. four of them her own brother's kids. >> i know he loved them. you know, it's hard to explain that kind of love, because if you really, really loved your children, you would do everything in your power to get erf of the drugs. >> reporter: today she has a todh child in her and her husband's care all due to opioid abuse. is that getting worse? >> i think it is. i do feel terrible for the people that are drug addicted. it just breaks my heart. i just wish they would stop. but what breaks my heart more is seeing all the kids without their parents an

tentative deal with oxycontin make a 3rd you fama there's one drug maker left in the trial and that's teva and then a few distributors like cod on the health and walgreens pharmacy chain the companies all said that they have prepared to mount a vigorous defense especially the distributors they say they just get their drop by the living drugs you know prescribe drugs from doctors to patients who is to be believed here what do you think the verdict well i think the case is legal bellwether here and it's intended to signal how rulings might go in the future and similar cases but i think even the last minute settlement is possible you know a committee which includes victims of the opiate crisis health insurer pension unsure and many others they suggest that all claims could be resolved in exchange for cash and addiction treatment drax valued at a total of 48000000000 dollars and although that is a very very high figure talks ongoing especially when you consider how many people have been affected your gallon ik thank you so much. through the protesters in hong kong have defied an official down

teva offering to give away medication that it values at $15 billion and there's extra value teva is saying provide distribution services. u.s. centers for disease control and prevention reporting that opioids were responsible for roughly 400,000 overdose deaths in the u.s. from 1999 to 2017, so there are a lot of people, including the judge, by the way, who seems to want to make these companies do something useful with their money. back to you. neil: deirdre, thank you very, very much. we have a lot more coming up including new reports on boeing. this coming from bloomberg, that a pilot there expressed worries about the 737 max safety faras back as 2016. a lot of these came to light in 2017, full light and full publicity and full bore controversy in 2018. this marries with a reuters report that evidenced texts of workers at boeing essentially sharing information to hoodwink the faa. when we get more on that, we will pass that along. >>> in the meantime, alexandria ocasio-cortez is backing bernie sanders. bernie sanders, not elizabeth warren. she's not alone. the venue where she chose to do

>> $18 billion are among drug distributors, which is different from teva.een a couple of different headlines come out today. earlier this morning they announced they had reached a settlement with two ohio counties. taking a step back, the oil via -- opioid epidemic last year led to 70,000 deaths. ohio was particularly hard hit. with that now out of the way, the bigger question is when are we going to see a global resolution that consolidates more than 2700 cities and counties as well. that is the question that stands and that is where we are seeing billion in drugs come into play. what is what -- joe: the impediment? what do we need to see happen to get that done? >> there are pragmatic and political considerations at hand. it is whether the cities and counties will be able to pay boots on the ground to treat the results of this epidemic versus a political win, chipping the drugmakers. caroline: can we read across their to the j and j or different distributors, wall street and walgreens boost that are holdouts? that's a really good question. i think that wh

teva is only down slightly on the day, about 3% on this. not hugely surprising news, obviously.in just a few moments. coming up, we will speak with the chairman of india's biggest bank. this is bloomberg. ♪ from the couldn't be prouders to the wait did we just win-ners. everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unlimited, and switch it up at anytime so you only pay for what you need. it's a different kind of wireless network designed to save you money. save up to $400 a year on your wireless bill. plus get $250 back when you buy an eligible phone. call, click, or visit a store today. alix: this is "bloomberg daybreak." i am alix steel. happening. things the macro, like the brexit, and the micro, a lot of earnings coming out this week. we just got the latest on a potential opioid settlement in ohio. s&p futures around 3000. not necessarily moving over it but not moving below it. in other asset classes, it is still a weaker dollar story, stronger cable world, and higher rates. and e

would contribute $15 billion in drugs to reverse opioid overdose there's push for teva to contributecash, too. that hasn't been agreed upon discussions were fust reported by "the wall street journal" and bloomberg, that payments would be made in increments of $1 billion a year as jury selection was set to get under way today ahead of the start of the first federal trial, the first of thousands that have been consolidated in cleveland. these specific talks, guys, also do not include other defendants in those cases like endo pharma. >> what is expected monday from that case? >> both sides have filed motions to try to delay the start of that trial, according to "the washington post. state's attorneys general were denied their motion. filed under seal, we don't know what will happen there both sides, sounds like, wants this to be pushed back the judge, however, does not want that. there are still defendants, pharmaciys, namely, left there not in these settlement talks. >> keep watching it for us, meg. thank you very much. >>> less than seven minutes to go after the bell we'll get earning

if the agreement is reached, teva pharmaceuticals would donate for anti-addiction drugs and their distributions. >>> e-cigarettemaker juul has agreed to stop selling many of its flavored products in the united states. only tobacco, mint flavors will be for sale. some flavors have been pulled from the online store. the flavored pods will be sold abroad. juul's ceo says he hopes the move builds trust in the vaping industry. >>> chiefs fans are holding their breath. >> i was. >> how long will patrick maholmes be out? we'll have the latest, next. >>> welcome back. general motors workers will remain on strike, despite the tentative deal announced wednesday. the nearly 50,000 workers will stay on the pickett line until the deal is ratified, which could take up to eight days. staying on strike for another week will cost union members $14 million in lost wages. the united auto workers committee recommended accepting the deal. it includes pay increases and provides a way for temporary workers to become permanent. but the deal does not shift any production back to the u.s. from mexico. it also did not sa

those defendants are mckesson, cardinal, teva and amerisource this is not a broader settlement that wouldit is just to avoid going to trial here today there is a fifth defendant, walgreens, that the wall street journal reports hasn't yet reached a settlement it's unclear whether the trial would continue with just that one defendant. we are trying to dig more into this the journal is reporting that the settlement details should be out before opening arguments at 9 a.m. we'll keep an eye on this space. this would take care of the trial set to begin here today, not the thousands of cases still pending in the opioid crisis back over to you guys. >> meg, thank you for that this was the bellwether to take it out of the mix. it's interesting in terms of what happens next. let's bring in a couple of other big headlines. halliburton posting quarterly earnings revenue did fall short as it was hurt by the slowdown in north american shale drilling. take a look at the sales off marginally we should tell you this morning bridgewater's flagship fund lost 2.3% in the first nine months of the year this ac

you have the distributors all lower by 2.5% to 4%, whereas teva is higher. $260 million with just twonties in ohio. a high-profile federal case. pay $15y has to million and then donate $25 million. the three split the rest of that settlement. for those distributors, which have 90% of the distribution share in the u.s., they have fitschen $18 million settlement -- an $18 billion settlement to settlement this globally. there is more than 2000 of these cases out there. billion over $18 18 years, a manageable amount for them, about 11% of their combined cash flow. the deal has not been reached. that is what the market is looking to. david: even the $18 billion is not take care of all of it. a much larger deal. does getting this behind and stopping this case make it easier or harder to get to an overall deal? kailey: there is a split on the street. our analyst at bloomberg say this is a step forward, but analysts -- other analyst say they do not see this is happening because the political and pragmatic are competing with each other. of course, there's a lot more that goes on. david: a lot

the companies are mckesson, cardinal health, amerisourcebergen and teva pharmaceutical. they reached a settlement totaling $260 million with two counties in ohio. they're first of nearly 3,000 plaintiffs across the country that are suing big pharma over drugs that have killed hundreds of thousands of americans. tonight dean reynolds reports on the forgotten toll of the crisis, the growing number of children in foster care. >> you go get the cones. >> reporter: when we met suzanne valle two years ago, she was busy fostering five children, all from drug-ridden homes. four of them her own brother's kids. >> i know he loves them. you know, it's hard to explain that kind of love, because if you really, really loved your children, you would do everything in your power to get off of the drugs. >> reporter: today she has a sixth child in her and her husband's care all due to opioid abuse. is that getting worse? >> i think it is. i do feel terrible for the people that are drug addicted. it just breaks my heart. i just wish they would stop. but what breaks my heart more is seeing

there is a lot of different news s on potential opioid settlements, with distributors, talking about tevaclose to a potential settleme settlement, j&j involved, separately from what they were talking about last night, but important for the performance of the stocks i wonder if some of this goes back to the lack of prosecution during the banking -- >> most definitely by the way, that did come up, which is the idea we dropped the ball against the people who really almost wrecked our country. it is going to be a great discussion of marc benioff i agree with you, this is a rear guard assault on what should have happened. and there are executives i want to mention names who i thought should have been criminally prosecuted, but got -- but stated, they did skate that justice department, obama justice department failed. and you know there are -- books written about how they fail. i just felt -- i finished and said, geez, i really like a lot of these candidates, but they have got to stop talking about how business is the center of all evil business is the greatest platform for change today. >> the

only teva up just a fraction.r middle class tax payers will pay more under her medicare for all plan. got more on that for you. >>> meanwhile, mayor pete has revealed his plan and it involves a very large corporate tax. >>> joe biden, his fund-raising has taken a hit over the past month. the ukraine story clearly hurting him. president trump, ah, he's off to pennsylvania shale country this week. he's taking a jab at the democrats with this trip. it's all about america's energy independence in pennsylvania, a swing state. >>> meanwhile, the cabinet meeting goes on. we are waiting for the headlines. you will get them when we do. ♪ if your gums bleed when you brush, you may have gingivitis. and the clock could be ticking towards bad breath, receding gums, and possibly... tooth loss. help turn back the clock on gingivitis with parodontax. leave bleeding gums behind. parodontax. and let me tell you something, rodeo... i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, tha

teva pointed out that at the time they made the announcement to stop making the drug cop it's appliedof the market, focusg limited resources another life-saving drugs. >> martha: what did dr. say? >> doctor say there isn't a children's hospital right now the country willing to give up are hoping this expedited shipment of this drug will arrive sooner than later but they have to make the difficult decision about which kids receive it. >> it's not an easy conversation to have. it's heart-wrenching to be honest. i feel horrible when i walk into a families room and say i know your child is due for this medication today and we just don't have it. or we've had to prioritize for some children who have a greater need than yours. >> the fda is expecting the supplies to arrive at the end of this month, october. they expect the shortage is to last likely throughout the end of the year maybe into january. >> martha: jeff, thank you very much. police say they found 39 bodies crammed inside a semitruck in england. they have arrested the driver on suspicion of murder. police say they've not confirme

the $260 million settlement includes companies amerisourcebergen, cardinal health, mckesson, and teva pharmaceuticals. just hours after this settlement was announced monday, a group of state attorneys general said they had reached a tentative $48 billion agreement with the same four companies and johnson & johnson. it's not clear whether the lawyers for the 2000 cities and counties that have sued over the opioid epidemic will accept the nationwide deal. the clothing retail store macy's says it will stop selling fur products by early 2021 after years of pressure from the humane society. macy's announcement comes after other major companies, including michael kors and gucci, also stopped selling fur products i n recent years. and in new york city, former city council spepeaker melissa mark-viverito and six others were arrested monday at a protest demanding that the museum of modern art, moma, cut ties with trustee steven tananbaum, whose vulture fund owns at least $2.5 billion of puererto rico's debtbt and has profited off the island's financial crisis. goldentree asset management is on

israeli drugmaker, teva, will pay $20 million in cash and supplies $25 million worth of suboxone, a drug>> we are looking to utilize this money for treatment and getting people into programs and assisting first responders as they deal with this crisis. >> the counties had originally asked for $8 billion, they say the settlement will provide immediate relief to the people and their communities. the city's tentative agreement give those drug company's more time to continue to work toward a nationwide deal. >>> we are checking in on that weather. red flag warning coming our way. a beautiful sunset behind me tonight throughout the bay area. we are getting ready for some more, i will have the details on a red flag warning later on this week. >>> heather holmes joins us now. she's in the newsroom with stories we are working on or the 7:00 news. >> we will continue to monitor the possibility of pg&e power shut off this week. when hot, dry, weather returns to much of the bay area. >>> also, a familiar merrill in the bay area, icon robin williams is about to be torn down. we will tell you what wi

. >>> teva pharmaceutical surging but the stock is still down more than 40% this year is the bottom

cheryl: teva's giving out the treatment drug for the addiction.e had more parents that are pleading guilty, we have 15. this scandal really looks like it's going to be bad for lori loughlin because she still says she's innocent. everybody else is getting kind of minimal prison time. >> they're getting that low end of the prison time and one of the factors that's being looked at is taking accountability. so the longer that this is stretched out, the more potential jail time is available. also, the prosecutors are cueing this carrot and stick approach, r they're saying we're going to add additional charges so you might want to get a plea now before you get more time that could potentially be tacked on at trial. cheryl: they're not letting up on those parents, i tell you. misty, thank you so much. lauren, over to you. lauren: let's take a look at your money this morning. check out the s&p 500. it's within striking distance of a record. it is down just a point right now but sitting above 3,000 and oh, so close to a record close. you up next, president

in a statement, that company, teva says it was only producing 3% of the markets supply and the data showedndication of the possibility of a shortage. the company still making the drug, pfizer, says it's expected to meet the need for the drug with a new delivery schedule for later this month. the fda reports the supply is set to recover by the start of next year. but we are hearing from more families across the country who are already feeling the effects of the loss. an 11-year-old in virginia who is sensitive to chemotherapy and was using this drug while doctors put chemo treatments on hold, parents of a couple kids in south carolina say their children have a good chance of beating cancer but only if they get the drug. a boy in texas was almost at the end of his cancer treatment until he was told he would not be getting his final dose. jase and his mom join us. i want to talk to you because everything i've read about you, everyone has talked about you says the same thing, that you are an amazingly strong boy and that you've got grit. we are fighting with you. i want to know what happened w

green as wal-mart named four drug makers reaching settlements with the two counties involved while teva sole crewing drug maker. the settlement if reached would address the lawsuits broadly and the $18 billion would be paid over 18 years johnson & johnson is involved in the discussions to ibt contribute additional money. shares of the drug driblters cardinal health, mckesson amer source bergen process. up quite a bit after the settlement agreement split among the three and paid over 18 years may be less than wall street feared morgan stanley estimated base case viability for the 8.32 billion for cardinal appear mere source bergen at 6.9 pl billion bergen declined comment while mckesson and health didn't immediately respond. j & j is open to options to resolves the cases include strmt. >> twab it would be pallett tri if the three drug districters and j & j separate is over 18 years. >> $18 billion. >> is j & j in the three. >> they might kick in money. >> okay. >> and then you spread that over 18 years. >> right. >> and it's almost nothing. >> wow. >> well that's i guess why they're up b

amerisourcebergen which is down nearly 3%, cardinal health, down 2%, mckesson down 2.66% along with teva pharmaceuticals which happens to be up 8%. this ends lawsuits by two ohio counties, summit and cuyahoga. as we talk about this, the opioid crisis continues to worsen day by day. our next guest plays a crucial role in combatting this crisis. he's the inventor of narcan. it's this life-saving nasal spray that reverses an opioid overdose and has saved countless lives, including that of pop star demi lovato. dr. roger crystal, ceo of opiant pharmaceuticals, is also developing new therapies for this awful situation. first of all, doctor, as ceo of opiant pharmaceuticals, i would like your gut reaction to the settlement of just two of the 2,400 lawsuits. >> the settlement in itself doesn't really give us much information in terms of the amount of money they have been fined. only to say it's a drop in the ocean compared to the overall magnitude of the problem. the overall recognition of our government, whether that's local or federal, that we have auge issue on our hands, is going to take a

it is lumped in with teva and m mellancroft. >> it is no con ed >> you had them on last night. >> up> yeah. >> no risk >> our bills keep going up >> yeah. >> my god. bill this summer was -- >> up 5% eat it. >> ridiculous. >> eat it. if i taxed your wealth, it is look a property tax. >> i'm well -- >> i'm going to -- i'm well below. >> tax your suit. >> however, you -- >> i get hit bad on a suit tax. >> in the warren zone. we're in the opening bell zone here on "squawk on the street. we got the beginning of trading ten minutes from now stay with us yeah, that's half the fun of a new house. seeing what people left behind in the attic. well, saving on homeowners insurance with geico's help was pretty fun too. ahhhh, it's a tiny dancer. they left a ton of stuff up here. welp, enjoy your house. nope. no thank you. geico could help you save on homeowners and renters insurance. ♪ >>> the ism echoes around europe, asia and this morning again on wall street futures down 183 for the dow we'll see if anything changes when the opening bell rings in eight minutes. so ...how are you feeling? on a

involved are the three big pharmaceutical distributors in the united states as well as the drugmaker tevaount is for $260 million. we're told a large pores of that will be paid out almost immediately to two ohio counties >> using this money for treatment, getting people into programs and assisting first-responders as they deal with this crisis. again, summit counties, they are just typical examples of what these drugs have done throughout this country. reporter: a trial is not off the table. walgreens was a fifth defendant in this case. they did not reach a settlement. they join a separate group of defendants, rite aid, cvs, walmart and target. what lawyers for plaintiffs are hoping, that trial and today's settlement will pave the way for other plaintiffs that could still go to trial. >> i think you will see the next trial move much, much quicker, the next one, much, much quicker. everybody is continuing on two tracks. one track we'll have juries ready to answer questions that they need to. we'll have another track to get the help in these communities they need all over the country. repor

this is johnson & johnson, the finest this is not some -- this is not teva, right? it is not mylan., a national treasure, unbelievable >> a lot more stocks we're going to keep an eye on as we get you ready for the opening bell here. stick around a lot more "squawk on the street" coming right back. introducing even more value from fidelity. fidelity now has zero commissions for online u.s. equity trades and etfs. and fidelity also offers zero account fees for brokerage accounts, plus zero minimums to open an account. and only fidelity offers four zero expense ratio index funds directly to investors. with all of those zeros, there are zero reasons to invest anywhere else. fidelity. ♪ so maybe i'll win ♪ saved by zero ♪ so maybe i'll win ♪ ♪ i've been a caregiver for 20 years. no two patients are the same. predicting the next step for them can be challenging. today we're using the ibm cloud to run new analytics tools that help us better predict and plan a patient's recovery. ♪ ♪ ultimately, it's helping thousands of patients return home. and who doesn't love going home. was in an accid

other stocks exposed are also moving now including mallinckrodt, endo and teva. >>> if a deal has a chanceend, it must be reached by today. ahead of all of that, the pound down a little bit. just over 1/3 of a percent. >>> united airlines reporting better than expected sales and profit in the latest quarter also raising its earnings outlook on the year in a surge in bookings. phil lebeau joins us with a ceo exclusive interview with united ceo oscar munoz. >> reporter: congratulations what's working for united? >> what's working. gosh, our team is doing an amazing job across the board two years ago we started this journey and our strategy, our focus on customers and our focus on our people and just great efforts around the whole course. it's great to have yet another quarter. >> reporter: you have raised your guidance for the full year this year a hefty amount you've said we're going to meet or exceed what we're expecting for next year. what's working more now, leisure bookings or corporate bookings >> across the board. internationally is strong. pacific region is strong mostly because of h