walgreen's decided not to convert because they faced pressure from consumers and on the hill. and they have to do it. whereas a lot of companies don't have the same name recognition and they don't center a patriotic duty. as long as they follow the laws, it's okay to invertase they see fit. i believe that the law should change, but they're not going to slow the inversions down unless congress makes them. >> thank you for watching "inside story," thank you for being with us. in washington, i'm libby casey. ♪ i had the intuition about the fact that human beings could heal themselves. >> deepak chopra offers insight about coping with fear and anxiety? >> stress is the stress. i like to think of stress like an ocean. if you are a skillful surfer, every wave is joy. >> bringing about optimal health and wellbeing?

walgreen's decided not to convert because they faced pressure from consumers and on the hill. and they have to do it. whereas a lot of companies don't have the same name recognition and they don't center a patriotic duty. as long as they follow the laws, it's okay to invertase they see fit. i believe that the law should change, but they're not going to slow the inversions down unless congress makes them. >> thank you for watching "inside story," thank you for being with us. >> closing in. iraqi forces say they're pushing hard to take the country's biggest dam from islamic state fighters. you. >> ukraine's government and separatist blame each other for allege attack on convoy of refugees. checking everyone leaving through airports. >>> reports

walgreen's decided not to convert because they faced pressure from consumers and on the hill. and they have to do it. whereas a lot of companies don't have the same name recognition and they don't center a patriotic duty. as long as they follow the laws, it's okay to invertase they see fit. i believe that the law should change, but they're not going to slow the inversions down unless congress makes them. >> thank you for watching "inside story," thank you for being with us. mubarak on trial. egypt's ousted president appears in public saying he would never order the jailing of his countryman. >>> plane crash apparently killed eduardo campos. >>> counting down, gazans enjoying the last hours of the

walgreen's decided not to convert because they faced pressure from consumers and on the hill. and they have to do it. whereas a lot of companies don't have the same name recognition and they don't center a patriotic duty. as long as they follow the laws, it's okay to invertase they see fit. i believe that the law should change, but they're not going to slow the inversions down unless congress makes them. >> thank you for watching "inside story," thank you for being with us. >> it's a chilling and draconian sentence... it simply cannot stand. >> this trial was a sham... >> they are truth seekers... >> all they really wanna do is find out what's happening, so they can tell people... >> governments around the world all united to condemn this... >> as you can see, it's still a very much volatile situation... >> the government is prepared to carry out mass array... >> if you want free press in the new democracy, let the journalists live. >> announcer: this is al jazeera. >>> hello, welcome to the newshour. i'm jane dutton in doha. coming up in the next 60 minutes - show down in nor

walgreen's decided not to convert because they faced pressure from consumers and on the hill. and they have to do it. whereas a lot of companies don't have the same name recognition and they don't center a patriotic duty. as long as they follow the laws, it's okay to invertase they see fit. i believe that the law should change, but they're not going to slow the inversions down unless congress makes them. >> thank you for watching "inside story," thank you for being with us. >>> on "america tonight", a mission to help, and the desperation that led to disaster. iraq's stranded refugees. a reminder of how difficult it is to bring aid to the needy, and more of a challenge to bring stability to iraq. also tonight - investigation abandoned. weeks after a passenger jet is shot out of the sky over ukraine, what happened to mh17. >> the earth where the wings and engine went down was all scorched >>> a "amerion

for walgreen's and for america. what we've learned over the last weeks is that direction of american consumers to this notion of america's number-one pharmaceuticals chain moving overseas has been met with a lot of resistance. >> customers may be pleased but investors not so much. shares fell on the news as much as 7% yesterday before rebounding a bit. closing down about $3. back to you. >> plaza looking for a man who attacked a woman during a busy rush-hour blast thursday. the victim was walking through parking lot at the orange line stop at 36 and torture and the man grabbed her and threw her to the ground and ripped off her clothes. the assault was stopped by two men working in nearby. >> when he looked over he said she was on the ground already and he was trying to pick up her dress. >> the ran over the fence and chased the suspect heading north bound he was the one closest and said the guy was too fast they could not catch him. >>those men say they saw the suspect in the same area on monday morning but police d

let's check walgreen shares and how they're moving on the shares. it's one of the companies like cvs in london, it's on every single corner. wall street is not liking the fact that walgreen is not going to do that sort of situation where it would move headquarters overseas. the stock is plummeting 14.5%. >>> let us turn to the juicy story about dish, and we have charlie gasparino right now. if you have been listening to fox business you would have known that dish was looking at a potential deal with t-mobile. charlie joins us with the latest details. dish wanted spectrum in the wireless plan. >> not just that. that what we reported, i think it was january 20th was the exact date i posted on twitter page or hit between you and i, when we talk about this, we reported that the sprint deal was unlikely because of the regulatory hurtles. we were getting that from every banker we spoke to. the sprint deal would not happen. too regulatory cumbersome, the deal that might happen is t-mobile-dish, and that ergin wanted this player, and that's where it's going

>> walgreens is scared into submission, this is tremendous abuse of power. >> this is walgreen, you go into the store and they have whitman chocolate samplers, hello? >> there is the corner of happy and healthy. we're at the corner of politics and long arm of the law. >> and cost the stock double digits in performance. you have walgreen stock in mutual funds, 401(k)s, don't forget the employees own a lot of the stocks getting punished for this. >> 15% down. the market value has been impacted by the threat of government. >> billions! >> and also we've seen a lot of this happening in the pharmaceutical industry, but walgreen could have been the first company to set an example and go against the administration, make a stand. we need companies and ceos to make a stand and say no more. get the lawyers involved. i can't wait to see what the lawyers come up with. neil: lead to this inertia in the ceiling, you got to do everything in the country, you can't expand or become a global player at a time when the last hope we had that our companies are in place. >> get ready for more layoffs in the

walgreen could be picketed or protested over. was it that or maybe fear of reprisal from wall street or washington? >> i think it was probably the former, at least in part, because there was something like 200,000 consumers organized by advocates who said precisely that, that they would protest, that they would stop purchasing their medications at walmart -- i'm sorry, at walgreens. and so, remember, walgreens is a store you walk by every couple of blocks in the city. it's not pfizer, it's not milon or medtronics, some of these other firms that operate behind the scenes. there's some suggestion in some of the stories that alliance may not have been as anxious to invert, to become the parent company, as some of these others, and that may have played a role as well. but i think the public visibility of walgreens is part of the story. >> and do you think, jared, just to follow up there, because it is such an iconic sort of consumer brand, that it's not necessarily going to spark a whole wave of other companies stopping tax inversion

walgreens joining those who up agreed to by companies overseas this summer. the drugstore chain says it will not move his headquarters from illinois when it requires -- acquires the group. it may take action to limit use of the so-called tax aversion. time warner has news of its own. the day after rupert murdoch said it is dropping a takeover posted earnings that beat estimates. time warner says it will buy back 5 billion of shares. shares are down about 10% in early trading. as shakeup at the country's third biggest wireless carrier. sprint replacing dan hesse he with the founder of mobile phone distributor bright star. ending the pursuit of rival t-mobile after concluding a deal would be unlikely to survive an antitrust challenge. copsere are a lot of policing wall street these days. the new york attorney general, state superintendent of financial institutions and the manhattan da. just ask the french bank that pleaded guilty to two criminal charges wrought by the district attorney as part of the $9 billion settlement on blacklisted countries like sudan and

walgreens decides to stay right here in the usa. no inversion for them, but the stock is getting punished today. down. we'll talk about that one. goldman sachs making a big call on europe today. we will have it for you in two minutes. another inventory killer in the housing market. it's a new trend for homeowners, and it may put potential buyers out of the business. sue is at the nyse, as stocks move a little bit higher today, but we start here in englewood classifies with mary thompson reporting on walgreens. this stock is getting hit. >> you are right, tyler. expectations were that after buying 55% of europe's allianz, walgreens would move the headquarters to switzerland or the uk where corporate taxes are lower. while the firm is paying $15 billion in stock and cash for the rest of the european pharmacy, it will remain head quartered in illinois, where it exto pay a tax rate in the high 120% range. accounting expert estimates walgreens could have saved $2 billion in taxes over four years by rye domiciling overseas, but on a confe

neil: that is why walgreens did not incorporated abroad.uld lose the golden goose if he thought about it. it was strong armed. >> by definition is that culmination of government. >> they don't have to. no one is forcing them. neil: when we come back planning to make a big move that could rattle all of you enthusiast. we will be right back. neil: all right. the $295 million. the california public employee retirement program is planning something a little different. a dramatic retreat from risk, especially commodities which it deems risky. all stars. it would seem to mean no gold to mine a silver, know any of that. >> a lot of these included have started to invest in real estate, and that is starting to come back to bite them. they are under pressure obviously. frankly whether it will be from losses, controversy, the market itself is not getting in there a chance that they needed. and stand it. the market, the stock market is stable. the regular shots, no protection. it is more of a safe bet verses some of these alternative investments. >> ab

>> that's why we have regulation. >> walgreens tax rate was at 37%.an sachs is saying a -- the u.s. corporations are paying tax rates way higher than european rivals. >> that is why walgreens didn't do this specifically because of one of their hedge funds involved. they ran the numbers and it would not affect walgreens bottom line if they did not do an inversion. >> walgreens said it would have hit them hard and -- it would lower their tax code. [ all talking at once ] >> what's good for the goose should be good for all the gander here. charles, my view has -- i want yoto stop for now. i'll get back to you. go after apple then, for making $100 million plus in china and much of asia. nothing about that. i don't begrudge apple doing it, but just pursue them all. >> apple has $100 billion outside this country it won't bring back. we can go down the list. here's the thing. i bet president obama has an accountant. why? to help him get a lower tax rate. >> the thing is, is the president constitutionally allowed to change the tax law? i thought congress' job

walgreen's says it will make an announcement at 6:00 a.m. eastern time. walgreens 45% in 2012. reports say it will exercise its option today to buy the rest of the cup for about $8.4 billion next year. but wal deny greens has decided not to move its headquarters to the uk or switzerland, which would significantly lower its tax bill amid backlash in washington to so-called inversion deals. wal greens has been pressured to use an acquisition to pursue a tax inversion. janet was part of that group that lobbied management in a private meeting in april. more than 60 companies have taken advantage of inversions with the majority of deals occurring since 2008. president obama and treasury second jack lew have publicly criticized companies for seeking such transactions. on tuesday, the treasury department say it was exploring ways to bypass congress using the president's executive powers to reign in inversion. drugmakers have been most active on this -- u.s. drug measures have been most active on this front recently with buying part of european rivals in order to escape u.s. taxes. pfi

is that why walgreens is down today?k to steve forbes, chairman and editor-in-chief of forbes media, about whether the obama administration is dodging its responsibilities on reforming, bringing down those corporate tax rates so companies won't leave. that is coming up. ♪ david: walgreens shares are way down today after the drug chain giant announced it would not be moving its corporate headquarters out of the u.s. to take advantage of lower taxes abroad. this practice is being called inversion. the president hates it so much he won't rule out executive action to stop it but should the government dictate where businesses can and can not move? answers now from steve to. author of the new book, money. we welcome steve, thanks for coming in, steve. >> there is the book. david: there we go. we got a plug for your book in, you will be happy to know. white house press secretary joshenest was asked specifically whether the president would act on his own to prevent companies like walgreens leaving u.s. with high tax rates here.

the walgreens example is important here. what happened when walgreens said they were not going to leave the u.s. were going to stay here because of pressure. the stock went down 14%. >> oh, it's very telling. when a president presumes to hold companies hostage in the u.s. that sends a chilling message. businesses are in business to serve shareholders. if you don't serve them they'll move elsewhere and job creation will shrink. >> that's a great point. what does it say when the government tells you where you can and cannot move. >> that's something. i like how the u.k. and ireland are turning themselves into that and we're going the other director and it hurts government workers and teachers whose pension funds invest in these companies trying to lower their bills. >> this is an example of the president that wants to always be in the driver's seat when it comes to businesses with no regard that businesses take into eight lot of different variables and considerations. whether it's about moving your headquaters overseas or equa

maybe walgreen's was a special situation. when i talked to them, they told me, listen, we have walgreen's in virtually every corner of the country, it would look bad. it would look bad. and i think the visibility of walgreen's made it they had to say no to inverting. oil's interesting. today was the first day i actually heard people talk about the idea that the consumer will be helped by lower prices at the pump. in fact, it was the strongest day for retail in agens. walmart, one of the worst stocks out there, 100 million people still shopped there, though. walmart stock went up, and it wasn't on an upgrade, went up off of gasoline. called it a buy, macy's didn't hurt either. at last, the market was making sense when it comes to oil's decline. and the positives it is actually bringing for the american consumer. finally, hidden leadership emerge. the consumer packaged goods segment with interest rates getting wildly noncompetitive to stocks. rates fell again because of these amazing lows and rates, the bond market equivalent t

walgreen's staying in chicago.ightly. >> markets from earlier losses, but still in the red as europe weighs on u.s. stocks, bringing in david kelly, chief global strategist at jpmorgan funds. nice to see you again, david. >> glad to be here. >> how did you feel yesterday in the middle of the afternoon seeing the dow accelerating down 200 points on the suspicion that russia might invade eastern ukrai ukraine. what did you tell? >> well, i think the -- it is, obviously, scary and worrying that the pain is concerning, but i think you have to balance that risk, and there is a risk there, again really good numbers. the trade numbers this morning, going to revise up to, and 11% year over year, and because of the worries in ukraine, ten year trading below 2.5%. there's a risk, a lot of stuff in the u.s. economy also. >> yeah, but i mean, people are in two minds. i have your note here dated august 4. on the one hand, make hay while the sun shines, overweight equities for the reasons you gave us, but two paragraphs before t

biggest loser in stock market today was walgreens. did the ceo succumb to political pressure and sacrifice his own shareholders, walgreen ceo, decided that losing $9 billion in market value was more patriotic, ahead of a published report that elizabeth warren and dec dutcdicker did en are tryin- here is thing, i am concerned we have a chicago-based company. run by a guy whose political donations have been to democrats, he destroyed so much shareholder value today, and he makes it so much easier for president obama to sell. >> if i was a shareholder of walgreens i would be livid. i am looking at $15 billion, in one decision that a ceo put his political view ahead of the views of the shareholder, his view should be that, that makes his shareholders. >> i fell it was mafia strong arming, what happened did somebody show up in his front door one day, and say it is a bad idea. charles: we should tell audience, they already owned a portion of overseas company, they bought the rest of the company that would have cleared the way for the invers

apparently the corporate parent is walgreens. >> the stores are walgreen's with an apos trophy, too. the one store on 134th street that decided to oppose the tax inversion. >> it's probably the family name, right? >> it sounded confusing. >> in my neighborhood popular diner closed down and a walgreen's across the street they started we building the diner and the walgreen's closed. >> can you tell us your story today the long bond? >> i like this story. so the journal has the story today for bond, long is strong. these are companies and countries that are issuing 30-plus year bonds, japan, austria, france have sold ultralong bonds. canada did a 50. mexico a 100 year bond. corporations are doing this, too. if i can get serious with this, seriously, this is a reason why this cycle is different from other cycles. company balance sheets should be in good shape. they should not be an issue being tremendously affect. ed. >> i want a 100 year mortgage, my cash flow should be fantastic, right? >> if you have an adjusted rate mortgage, don't do it, if you have any chance over the next four yea

because i think that cvs is a great neighbor, and none unlike walgreens ha has a pharmacy in it and has a liquor license on powell street. but i do ask you to approve cvs getting their liquor license, they are a great neighbor, and i like the stores a lot, thanks. >> thank you very much. >> is there any... >> okay, mr. nolty. >> michael nolty and i will start with ditto, but actually if you recall that i had a large issue around walgreens and i think that sometimes there was a point when david chiu was going to actually start the legislation to ban additional alcohol permits to pharmacies. but then, again, you have to also look at the big picture and that is we are losing our small pharmacies and then we have the big pharmacies and of course, obviously, walgreens has become the biggest on every corner kind of a thing at least in the district six. and i think that it is great to see a competitor come along and knock them down a couple of pegs and i have to be supportive of cvs and i think that they listened to us a couple of times and on the suter store they chose to do what they did the

of a president who like walgreens is from chicago. it's just too visible. i think they did the right thing for you. i don't know. i think the shareholders were entitled to a discussion with fox to see how high murdoch would go. i believe in him in finding the value. if murdoch had been willing to pay $95 per share and 33% higher than where the stock was for the bid. i think that would have a thorough analysis. allergan, i believe that before pyatt had revealed the forecast that he did recently, it did seem that no matter how reprehensible it was in the research like valiant it still made sense to sell. once we saw the bigger numbers i'm comfortable that pyatt can steer allergan north of what that can take over time, still, still though, thoughtful engagement was merited and allergan hasn't chosen that route. let me give outbottom line, in the end it comes down to short term versus long term. tut simply it doesn't matter what watson ultimately did, the stocks ran up big on the inversion and the takeover bid stories. you have to exercis

walgreen's down 0.5% on that. on the flip side, abercrombie & fitch rising after jefferies added it to the franchise list, saying management positioned the company for significant profit margin expansion. and we're going to end on another retail-type name here. coach moving higher after the luxury goods maker reported better-than-expected fourth quarter results helped by strength in international markets. coach up 4.5%, bill, kelly, on today's trade. back to you guys. >> best move we've seen on that stock in a while, for sure. thank you, dom. let's talk more about the broader market and how we're trading. david nelson with bellpoint asset management is with us, so is guaordon charlop from rosenblatt security. is this a technical sell-off? what do you make of what's happening right now? >> first off, early in the session we thought it's a retrace from yesterday's gains. we haven't been able to establish a couple winning sessions in a row now. >> light. >> so, it's sort of like this is the way it's been going. seems

did you think that move today was justified for walgreen?because the stock had rallied so substantially because of the inversion. in fact, a lot of the companies that have talked about or been rumored about to be tax inversion candidates, like an eaton, for example, all of them rallied so strongly on this potential. so, now that it looks like it's not likely and they're pulling back, i actually think walgreens is a buy down here. this is a quality company, and down 15%. clearly, they see enough synergies from this transaction to it being accretive to earnings. they have $1 billion synergies, $500 million in sg&a savings expected. earnings will go from something like 5 bucks this year to something like $5.35 or $5.65. maybe that's not as good as if they had done the inversion, it's still creative and positive and the company is doing great things for shareholders. >> where do you stand on the issue? >> we can say activist shareholders or board members, but it's not an exclusion of fishery responsibility. as long as tax codes exist, people wil

you mention walgreens but what about other stores?ght now retailers are pretty cautious about saying we will not carry products that have it in them. yesterday we tried to speak with walmart and target. they are hosting a conference about safety and personal care products and are waiting to see how this unfolds, if there is more research forthcoming but to my knowledge no one has said we will no longer carry products that carry it. -- that contain it. >> what has been the reaction from retailers? >> we launched a mind the store campaign to urge top retailers to use urges -- purchasing power to make sure products they sell are safe and non-toxic. studies have shown it is toxic at low levels of exposure. many major brands have eliminated the chemical. we are calling on the nation's top retailers, companies like walmart, target and walgreens to use the purchasing power and colgate tolgate -- eliminate the unnecessary chemical especially when we know it is not necessary. the scientific evidence has the risks far outweigh the benefits unfo

in company news, walgreens will to do tax and version overseas.in the last quarter, both from marvel -- talking about captain america, the sequel, and maleficent. angelo reported record second-quarter sales that beat analyst estimates. -- zillow reported second-quarter sales that beat analyst estimates. those are company headlines. this matters now to our guest host, aaron hers, chief executive officer of the purpose economy. synergies may be real, but the combinations lead to major disruption for employees that survive the merger. this is the backside of the transaction. >> absolutely. if you look at why most mergers fail, it's the people, the coulter. but that is not taken into account because it's usually driven by cfo -- the culture. but that is not taken into account because it usually driven by cfo ross and ceo's. they emerge, they made, cookies and the rest of it, and one year later, you're out. 36 month in, boom. >> that is exactly right. because we get purpose from relationships, doing something greater than ourselves and personal growth.

walgreen's decided not to convert because they faced pressure from consumers and on the hill. and they have to do it. whereas a lot of companies don't have the same name recognition and they don't center a patriotic duty. as long as they follow the laws, it's okay to invertase they see fit. i believe that the law should change, but they're not going to slow the inversions down unless congress makes them. >> thank you for watching "inside story," thank you for being with us. >>> this is al jazeera america, live from new york city. i'm thomas drayton. here are the top stories we are following this hour. if ferguson missouri michael brown's parents are expected to speak at a rally scheduled to start at this hour. the troubled city experienced clashes between protesters and police last nilent. >>> peshmerga fighters take the dam from islamic state group. >>> we'll update the status of talks between israel and talks, with a day left

walgreen's is a company, 75% of americans have a walgreen's within five miles of their home. you know, the president has started a large pr campaign, a lot of people in washington against companies moving out of the country for this reason. so they were worried about the backlash. and that financially in the end it would end up costing them more if people stopped shopping there because of the negative response that they got. >> but yet interestingly their stock took a major hit today. >> reporter: investors, you know, they are not sure that's really the best decision for their money in the long run. they look to the bottom line. they saw them save between $2 billion and $4 billion. investors rejoiced when they heard they might move the headquarters. when they didn't they didn't like it. money goes where it's treated best. companies don't make these decisions based on politics, based on emotion. they have a fiduciary responsibility. >> how much money are we talking about? who could be leaving. >> reporter: we're talking about billions of dollars. reports say there's about 12 d

walgreens didn't do the ip version thing. -- inversion thing.to carry some of those tax losses forward. listen, it does hurt the bottom line, but that's manager, i think, we can sort of live with for right now. ultimately, they may -- >> charles, their bottom line is 3 cents this year, 46 cents in two years. charles: it's never the principal reason you buy a stock. i think -- >> really? give me a name. charles: cvs and walgreens. >> you really think -- >> charles: absolutely. the east coast exposure leapfrogs you right into the game. thanks a lot, guys. by the way, i've got another health care-related stock later on in the show. but first, the biggest jump in the jobs opening data in 15 years. with more people quitting low paying jobs, are we flatlining? we're going to tell you all about it. what you need to know, because one thing we do, we're here to make you money. ♪ ♪ she inspires you. no question about that. but your erectile dysfunction - that could be a question of blood flow. .. helps you be ready anytime the moment's right. you can be m

we are calling on walgreens to join them. >> i want to thank you very much. about triclosan and colgate. i will talk to the owner of a vehicle company that builds jeeps you can drive through snowstorms, and skill mountains. that is next on taking stock. ♪ snowcapped mountains. mike collins joins us from detroit. tell people about american expedition vehicles. what kind of vehicles do you make? >> we make aftermarket parts for the jeep wrangler. we will be introducing parts on the ram pickup as well. >> if i could use some of these components, what kind of wrangler carpet together? click -- could i put together? >> we will put things like the suspension, front bumper, rear -- a lot ofan put things we can do. we can take a four-door wrangler and turn it into a pickup. >> described the double cap. -- describe the double cab, exact same feel the as the four-door wrangler. we cut the vehicle behind the back seat. we replace it with a pick up and. we stretch the vehicle 39 inches. >> what kind of demand have you had for these vehicles? >> man has been fantastic. fa

. >> 2012, do you remember walgreens picked a fight with express scripts? at the time i had been a huge fan of wags, wag is the ticker symbol. under the leadership the ceo greg watson especially after they bought duane reed and beautifully refurbished those stores including the one next to me when i do "squawk on the street" in the morning and after the tiff with customers that hired express crypts we s scri rivals got slammed to low $30s and in june of 2012, watson did the unthinkable. he shelled out $6.7 billion and the european health and beauty retailer. wag dropped 6% on the news and at the same time, the company over the new duane reed, $150 from my own store and for me that was the last store right next to the first store. as walgreen's got pummeled down to the high $20 area and i said to watson they'd gotten too aggressive and had overexpanded and possibly bitten off more than they can chew with the alliance boost transaction. right after i made those comments watson called me and walked me through the alliance deal. he explained why he had to stick

hovan sues walgreens for unfair dismissal. in a statement, walgreens has denied his claims and said in a statement its employees receive training on how to react and respond to a potential robbery situation and that law enforcement strongly advises against confronting crime suspects. a federal judge agrees and walgreens decision to fire hovan is upheld in 2012. >> he was exercising his reasonable right of self-defense in the face of a gunman who attempted to pull a trigger three times and shoot him. he saved himself and he saved the lives of potentially three other people. >>> our next story is another shocking store invasion, but this time the intruder is a speeding cadillac. the out-of-control automobile smashes through a bike store window. >> i heard glass breaking, and then what just sounded like explosion after explosion. it was terrifying. >> leaving a trail of shattered nerves and devastation in its rearview mirror. >> i saw the customers at the register, but once the car passed, i couldn't see them anymore. >> it's sep

walgreens dropping this idea of a tax aversion. what it does is and this two-year journey of its alliance with alliance boost. back in june of 2012, walgreens purchased 45% of the chain for just under $47 billion and then retained it for options of a full purchase. today's announcement, it is purchasing 55% stake, just over 15 billion. analysts expect a negative reaction in wall street shares. you are seeing that in the market already. down 11% now. the most actively traded stock in the free market. if the aversion had been gone forward and approved, it would have given earnings per share a boost of $.64. walgreens was just not confident the aversion move would have withstood an irs review. that is all playing out right now as investors reassessed where they want to see walgreen shares trading. >> thank you. banker to from homeless. the former pimco managing director tested for a week to see what it is like to be broke, all in his bid to win the governor's race in california. he joins us in a moment. ♪ >> a republican is facing an

should we point out that walgreens has an effective 37% rate. the u.s.st corporate taxes in the world, only nation to tax foreign profits. stuart: if i am a shareholder in a company which proposes to move overseas, i do not want the president stopped and compelling because if that happens my value goes straight down. >> again, a constitutional controversy. congress has the power to tax. the president moves, an executive action, that will be controversial. what we are seeing is treasury secretary jack clues saying that maybe they could move ahead deregulation. basically polish the tax cut, to stop things like loans to buy overseas companies. , you know, medtronic is doing it could set deals down. stuart: don't have to go to congress for this. >> that's right. pretty dangerous stuff. stuart: thank you. we talk a lot about the boom in whereabouts technology. my next guest wants to be a part of it. he has created a smart watch that vibrates when it senses you are dozing off in the middle of the day. my guest is 17 years old. this ceo of spark watch. that is

may have affected walgreen's decision. a newly merged walgreen's boots alliance will stay true blue american. how much reaction in the news, walgreen's stock tanked at the end of the day. i guess patriotism has its price. i'm ali velshi. er >> announcer: this is al jazeera. >>> hello, welcome to the newshour. we are here in doha. these are the top stories - no breakthrough in talks between israelis and palestinians to extend the ceasefire in gaza. we report on the trauma of children as young as seven who have lived through three conflicts. >>> convicted of crimes against humanity, khmer rouge leaders held to act for the worst genocides of the 20th

may have affected walgreen's decision.a newly merged walgreen's boots alliance will stay true blue american. how much reaction in the news, walgreen's stock tanked at the end of the day. i guess patriotism has its price. i'm ali velshi. >> hi everyone. this is al jazeera america. i'm john siegenthaler in new york. gaza's uneasy peace i peace. the longest brake yet and the are struggle to go past three days. warning to ukraine. nato says russia could find an excuse to send troops across the border. password protection

do we get an announcement from walgreen? huge political pressure. durbin, we had richard an illinois democrat, sending a letter saying the company should decide to go through with the tax inversion. management would be turning people thaton the allowed walgreen to thrive and prosper. main street, not stupid. if they see corporate america running people that allowed walgreen to thrive and away in terms of paying toes --they did not seem care too much about apple. >> 80% of their cash is held overseas. in america, you care corporate tax rate of 35%. that is why you want to domicile closer to europe, where you are paying 10%. saved $4d have billion. lobbyists their advise them on legislation. if the eu does not reform -- we look at what ramifications of an exit could be after the break. ♪ >> welcome back. time for today's company news. sprint has ended talks to buy t-mobile. the regulatory concerns outweigh the potential benefits of the deal. a new ceo would replace dan hutzler. -- t-mobile is said to iliad's proposal. the move would put pressure on th

across the street so if there's an issue of medication there's a walgreens there. i've lived in this neighborhood nor 20 years i've been doing outreach in this neighborhood for about 15 and very clear about the kinds of people that do the sort of things we're concerned about. this is not this group not thirty this population. so thank you very much i hope you support to >> there are there being no other public comment. >> no, we haven't received any. >> commissioners we have the consent calendar the committee brought forgot a request for the approval roaming is there further comment there were also some caveats you had indicated in regards to its approval. do you want to also include those as part of what your expecting within the approval for the site >> i think so commissioner, i will definitely propose that we make not of the protocols in place i don't have those in front of me. >> i believe that director garcia as i was coming in late during the testimony i was late in terms of the good neighborhood policy and it was asked by a couple of individuals also the bo

we're going to show you new video now that we just got in from walgreens where there was more damage there. some aerial shots to assist you as well. this is in american canyon right near the epicenter of right where this occurred right near the west napa faultline, laura. >> and these are pictures from inside that walgreens' store. you know what this is? the sprinklers probably went off inside that building as a precaution with the shaking and whatnot. no doubt, a lot of damage. this is new video coming in from the wall dpreens and american canyon area. our cheryl hurd is live in american canyon. you felt it as well. >> reporter: i did feel the earthquake. it was a violent earthquake, as jodi just said. we are live at third and brown and this is where all of the damage is taking place in downtown napa. you can see the car that is crushed and the facade on the side of this building coming down on this car. the roof is caving in to a wine bar on the corner down there at fourth and brown and there's a lot of devastation out there. with me live right now, as we continue to look at the pi

. >>> and sales at walgreens were higher in july. a strong result from the pharmacy unit helped offset weaker fro end traffic and a report walgreens will buy the remaining 55% of alliance boots for nearly $8.5 billion, but it says it will still retain headquarters here in the u.s. the stock fell after that announcement and came back a little, still closing down 4% to $69.12. >>> the u.s. treasury is exploring ways to prevent talk inversions because they can't seem to get anything done to stop the practice. treasury officials are looking how to enforce and maybe change irs tax codes to prevent u.s. firms from reincorporating overseas to take advantage of lower corporate tax rates there. >>> it seems that long-haul big rig trucks are increasingly on a collision course with drivers. what are truck makers and regulators doing to make highways safer? in the second installment on the safety of the nation's roads, ameamon javers looks at reducin truck-relates accidents and deaths. >> reporter: there is a serious problem on america's highway

walgreens will not reincorporate in a foreign country for a lower tax rates. walgreen faced political pressure after considering a move. >>> it hasn't been a sleepily summer week. jitters about the middle east, russia. joining us now brian jacobson chief portfolio strategies at wells fargo management. >> thank you for having us. >> looking around, things suddenly feel more uneasy than they have in quite awhile. is that something you think is the beginning of a correction, brian, or do you think things improve from here? >> i think things will improve from here. what we've been seeing has been drink by agree yo politics. and fears about what it means for the companies they're investing. sanctions against russia, the tension in the middle east, is it going to lead to lower profits if are the businesses whose stocks you own. i don't think it will over the longer term. what we're seeing now is sort of a cloud over the markets in general in terms of sentiment, i think. if you look through the cloud and the fundamentals of the businesses you're investing in, i think