we'll talk to jim stewart in a minute >>> so walgreens came in with earnings of 153.ually exactly as the conference call was about to start, amazon announces they are buying pill pack it's a company that delivers presorted medications to obviously an older demographic with that, rite aid, walgreens, all down between 2 and 8%. >> amazon's official debut something that was long speculated on, but i guess the counterargument would be high. you had to get the approvals. although it is important to point out they do not handle all fapharmaceutical ps. but they do have licenses to distribute farm spharmaceutical5 states the company has not been around that long. walgreens according to our own reports had been taking a close look at it they are going to move more aggressively to serve the demographic which is an older one, which is delivering pharmaceuticals on a daily basis. >> which can be complicated. >> and is having enormous impact on walgreens, cvs, far above what you might anticipated given how large they are versus pill pack but amazon does scale quickly. >>. >> anot

walgreens is down 9%.re also down on that news that amazon is getting into their turf again by buying pill pack. cigna is down. united health is down about 2%. outside that arena we have chipolte, they have a new ceo trying to reorganize the company, changing the menu. it's down $38. that is 8%. very new this hour. they will launch of falcon nine rocket tomorrow now we have matthias with ibm. >> i am told this robot will be a companion. tell me how a robot is a companion in space. >> they are doing daily experiments and they have features they need to conduct. that's the task and he is asking for assistance on the international space station. >> so he's not there for conversation, is he? >> you can have a conversation with him. you can have some small talk with him and talk about your feelings with them, or you can just do your work with them and conduct experiments. >> hold on a second. i think i've got a soundbite. a little piece of videotape that demonstrates how your roadblock and show compassion for t

that sent shares of walgreens, cv and rite-aid lower. it also pressured stocks in the drug distribution industry. meg tyrel takes a look at if amazon took its first step to be a majorye p in health care. >> reporter: amazon is the great disruptor from books to retail to grocery stores, the entrance of amazon signalled massive transformation and loss business for competitors. for more than a year it appeared pharmacies might be the next target. with the purchase of pill-pack they have signalled a move into the space. pill pack is a 5-year-old online pharmacy specializing in sving patients with multiple prescriptions. it delivers presorted medications directly to patient homes. >> you w pills, never stand in line at a pharmacy and never miss your medication again. >> reporter: it allows people to contact pharmacists any time of day. it had revenue of $100 million in 2017 versus $50 billion for cvs and walgreens. amazon spent about a billion to acquire pill pack but didn't sclose the rms. the market reaction was massive. stocks of cvs, walg

take a look at how walgreens is trading right now. last time i checked, slightly higher on this big move, going to the dow replacing ge. >> thank you so much. >>> pete, something tipped you off earlier today. >> yeah, it was earlier in the day, 10:30, 11:00 in the morning, east coast time may 23rd, they bought 42,000 the july 14 put. stock was trading 14 point 50. those were sold for a double a little more than double. today 85,000 the july 12 put bought so really aggressive 12-and-a-half put. they're 32 cents that's big it makes you wonder. i said this for a while, is it going to be a single dim it stock? i don't know it will sometimes the dow is a boost for some of these different, but it will be an interesting thing to watch over the next couple of days that put buying was absolutely massive today. >> what happens? this is not the same sort of impact in terms of indexing that s&p 500 removal, of course, it's not going to be. are you concerned about it here? >> i tell you what, i think the story for ge revolves around the div. they

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both walgreens and cvs dropping over 8% when the news broke.t is the latest in a series of big-name moves by amazon ceo jeff bezos. remember amazon purchased whole foods last year, and this year they are creating a new venture to reshape employee health benefits. here to discuss we have bloomberg tech senior editor brad stone. also the managing director of oppenheimer, focusing on health care. and on the phone we have george zachary. he invested in pill pack and is on the board. this is after months of speculation about amazon making moves in the pharma industry. how much could this potentially shakeup? >> there were a couple of forms of speculation. we heard that walmart was circling pillpack, and maybe george could tell us about why that didn't happen. two, amazon was looking at taking pharmacy licenses in several states. well now we know amazon outmaneuvered a major competitor and that it now suddenly has mail delivery licenses in 50 states. what does it mean? it means amazon is almost instantly a big player in the pharmacy business. it mean

it is being replaced by walgreen's on the dow jones. tuesday, june 26, 2018 "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. we're live from the nasdaq market site in time square joe and becky are off today. sitting in with us, steve grasso good to have you here. >> thank you for having me >> on a wild crazy situation >> crazy markets >> right now >> not this morning, but yesterday. >> it was back and forth u.s. equity futures at this hour, a little bit calmer. dow would open higher by about 17 points. s&p would open flat. nasdaq would open higher by 16 1/2 overnight in asia, we saw selling the shanghai composite closing in bear market territory, down 20% from its high set in late january the nikkei however higher by just a few

someone broke into a shiny cadillac parked outside an indiana walgreens.ppened to belong to the pharmacist. the thief grabbed the owner's manual and tossed it into his own car. he then went to erin's house where she and erica were shot and erin's prescription pills were stolen. then, according to rick's theory, the person rushed away from the house, threw the pill bottles and credit cards into the get away car and drove off. a few miles away, whoever was in the car got rid of the hot property, tossing the empty pill bottles and credit cards out the window, along with the cadillac manual. that's how everything ended up together in the drainage ditch. >> i think they were just grabbing stuff. they thought, we don't want this, she's dead. >> reporter: rick asked the pharmacist if he knew who broke into his car. he said i don't know for sure, but i have a good idea. >> reporter: the pharmacist remembered and cameras confirmed a man in a baseball cap and another man came into the walgreens at 9:30 p.m. on may 17th, hours before erin was shot. >> he said they di

. >>> plus, walgreens getting sued. what it has to do with the opioid epidemic. >>> a panera bread worker tells her survival story after riding out a tornado in the store's cooler. >> the water was up to my knees, and i called my mom to tell her i love her. >>> and has jerry springer's nearly three-decade run on tv finally come to an end? >>> good friday morning. i'm victor oquendo in for kendis gibson. >> and i'm diane macedo. we begin with former fbi director james comey responding to a bombshell report that slams him for insubordination and judgment errors. >> comey says nothing in the report makes him think he was wrong by wrapping up the investigation into hillary clinton's emails ahead of the 2016 presidential election. abc's janai norman has the latest now from washington. good morning, janai. >> reporter: hey, guys, good morning. that report criticizes two major decisions comey made regarding that hillary clinton email investigation including his october surprise that even clinton herself believes cost her the e

this announcement certainly sent shock waves through the stocks of the big go pharmacies saying go walgreens for example they're just joined the dow jones industrial average on tuesday saw they definitely could have picked a better time that stock lost almost ten percent in value but also other pharmacy chains like c.b.s. all right got really hammered here in the thursday session and then also wal-mart had an interest in pill peg but they got outbid by amazon so although the stock of wal-mart under quite some pressure while the stock of amazon gained about two and a half percent it's not going to be easy to really control this industry it is highly regulated but it is a big step for amazon in this business and it's a bitter pill for the likes of walgreens and c.v.s. to thank you very much for that. china has been forced to defend its business record it says it's playing by the rules and has been busy carrying out reforms opening its economy to the world beijing as published a white paper stating that it has carried out every promise made after joining the world trade organization and that's

>>> an arizona woman slams walgreens after a pharmacist denies her miscarriage medicine. her story has gone viral and she will join me live. ♪ heartburn and gas? ♪ now fight both fast new tums chewy bites with gas relief all in one relief of heartburn and gas ♪ ♪ tum tum tum tums new tums chewy bites with gas relief does it look like i'm done?yet? shouldn't you be at work? [ mockingly ] "shouldn't you be at work?" todd. hold on. [ engine revs ] arcade game: fist pump! your real bike's all fixed. man, you guys are good! well, we are the number-one motorcycle insurer in the country. -wait. you have a real motorcycle? and real insurance, with 24-hour customer support. arcade game: wipeout! oh! well... i retire as champion. game hog! champion. three are fha, one is va.e so what can you do? she's saying a whole lotta people want to buy this house. but you got this! rocket mortgage by quicken loans makes the complex simple. understand the details and get approved in as few as eight minutes. by america's largest mortgage lender. the toothpaste that helps prevent bleeding gums. i

walgreens will replace general electric in the index prior to the open. ge was an original member of the dow back in 1896. the s&p and d jones which determines which companies are in or out of the dow said the decision that the economy has changed and with consumer finance, hlth care and tech companies becoming more prominen o while importanc industrial companies is less. ge's low stock price was a factor. following the news shares of ge fell in the extended hours. walgreens jumped. >>> here is al r wakeup from starbucks warnime sales will n weaker than expected and the company plans to close doors. at sent the stock lower in initial after hours trading. kate rogers joins us with details. >> starbucks ceo presenting at a conference and breaking quite a bit of news f lowering the sales guidance for the third quarter of 2018 to one percent from three percent glob johnson said that shareholders deserve better and added that he is determined to fix this. he talked a lot about growth with howard schultz stepping down and will be closing 150 under performing st

. >>> ge gets booted from the dow after a century on the wall street index it gets replaced by walgreens which rallies after hours. >>> good morning what a difference a day makes. look at the european markets this morning very different picture compared to 24 hours ago with the stoxx 600 up so far on the day looking at the major markets behind those numbers, across the continent there is a lot of green on the board the ftse 100 up more than 1% the cac is up 0.20 the ftse is up almost 0.90 autos are in the red basic resources bouncing back from yesterday up 1.5%. the banks looking to be in good condition this morning up 1% across the sectors in terms of those basic resources, let's look at some of the details. looking at hp billitobilliton, . anglo american up 12% bp and shell up 1% rosneft up a quarter of a percent. talking about trade, president trump's trade adviser says china has more to lose than the u.s. he insists no one should be surprised by trump's decision to implement tariffs that are necessary to defend this country. the administration's trade hawk described it as bullish for

it will be replaced by walgreens.hange takes effect june 26th ge was one of the original components of the dow jones industrial average >>> starbucks is forecasting sales growth to come in weaker than expected. the company also planning to close about 150 underperforming stores we'll hear from the starbucks ceo coming up at 9:00 a.m. eastern. >>> a south korean cryptocurrency exchange says it was hacked thieves made out with $30 million. the exchange says it will cover the stolen coins from its own holdings back over to you >> thank you >>> let's check markets. yesterday was a big day for the market with the dow tumbling about 300 points wiping out gains for the year on escalating trade tensions we are rebounding now with the dow up 124 in premarket trade. nasdaq higher by 21. s&p higher by 9. look at the bond market. you can see where treasuries are trading. the ten-year knolled yie yooe-y 2.90%. >> joining us is ken mercadian there's a lot to talk about, trade, tariffs, but i have to ask you, general electric. you h

tell you what, here, give your dad some clean savings from walgreens.dad feeds for father's day. >> wow, thanks! >> you're welcome. >> papa! papa! can i have some money for ice cream? >> sure, mijo, come here. >> here, mister. your son needs these razors more than i do. >> huh? >> dicky: at walgreens buy one, get one half off on select gillette products and great deals on head and shoulders clinical solutions. available at walgreens. >> jimmy: we'll be right back with katherine langford! ♪ ♪ because they'll never get a second chance to see their first concert. early ticket access to thousands of shows every year. another way we have your back. the powerful backing of american express. don't live life without it. why shop marshalls? because... their prices will thrill you. whoo-hoo! the brands will surprise you. mwah! and every trip feels like an instant victory. woman: marshalls. never boring. always surprising. kyle, we talked about this. there's no monsters. but you said they'd be watching us all the time. no, no. no, honey, we meant that progressive

they are calling walgreens a key player in the epidemic. the attorney general wants money from walgreens. >>> kellogg's is recalling a breakfast cereal over salmonella concerns. the company's removing boxes of honey smacks from store shelves. it salmonella. health officials say so 33 -- in 31 states got for a refund. >>> we'll have highlights coming up from the e3 conference in los angeles. >> coming up. >> cool inland and the cooling trend will continue into your bay area weekend. details coming up. (sound of footsteps) (sound of car door opening) (car door closes) (sound of engine starting) ♪ ♪ ♪ my name is cynthia haynes and i am a senior public safety specialist for pg&e. my job is to help educate our first responders on how to deal with natural gas and electric emergencies. everyday when we go to work we want everyone to work safely and come home safely. i live right here in auburn, i absolutely love this community. once i moved here i didn't want to live anywhere else. i love that people in this community are willing to come together

she went to pick up her prescription at walgreens and she was refused.t was filled at a different walgreens and they apologized to her on how the situation was handled. >>> "newsweek" reports on a white woman called police on an 8-year-old black girl who was selling water near at&t park in san francisco. >> this woman don't want to let a little girl sell water. >> illegally selling water without a permit? >> on my property? >> it's not your property. >> the video shows the exchange between the woman and the girl's mother. the video was posted to twitter and the woman named permanent patty has received harsh criticism. she said she only pretended to make the call and it had nothing to do with race. she said she complained because the girl's mother was allegedly screaming come and buy my water for hours. >>> roseanne barr opened up about her show canceled by abc and called herself a hate magnet. >> i didn't mean what they think i meant and that's what's so painful. >> barr appeared on the rabbi shmuley podcast. it was her first interview since posting what

is a big step for amazon in this little creative business and it's a bitter pill for the likes of walgreens and c.v.s. and called to thank you very much for that. china has been forced to defend its business record it says it's playing by the rules and has been busy carrying out reforms opening its economy to the world beijing as published a white paper stating that it has carried out every promise made off to join in the world trade organization funding and that is not a single w t o member has economically suffered all lost out because of china's membership but the u.s. and the e.u. both accuse china of continuing protectionist measures including unfairly propping up state owned companies ongoing ban on foreign investment and timidity businesses . british oil giant b.p. is buying chargemaster the u.k.'s largest electric charging company it's reportedly worth around one hundred seventy million dollars and will enable b.p. to expand its charging network across britain expects the number of electric vehicles in the u.k. to search to twelve million by twenty four to. welcome to callinan grat

if you could what does that mean that general electric's is out of the dell and it's replaced by walgreens a pharmacy cult any. well it tells you quite a bit of how the u.s. economy looks like in general and what are the main drivers obviously not. industrial corporations even if us president donald trump would like to see the u.s. becoming a strong industrial nation again it's more consumer orientated it's the health care business what walgreens is also probably in so those parts and also on top of it for sure technology companies are far more important than those former industrial giants like g.e. or also like oco are for example that also got kicked out of the dow jones industrial average a couple of years ago can't go to new york thank you so much. the former chief executive of uncle irish bank is off to jail fifty one year old david dreier was found guilty of conspiracy to defraud and false accounting it's related to transactions he was involved in at the height of the two thousand and eight financial crisis. the former c.e.o. of the collapsed anglo irish bank was found guilty at the

good point walgreens down 1.8%.tion as the biggest loser in the dow thank you. >>> we'll head to the bond pits. rick santelli tracking the action out of chicago. >> yes we're drifting a little bit -- look at a one week of tens the move has been like watching paint dry. as a matter of fact, if you open the chart up and look at the entire month of june, we have melted out of our closing yield range, which, of course, was all in the 290s. a couple are like 289. yesterday 288 we have drifted a little bit you look at the yield curve spreads and everybody is for obvious reasons. whether it's watching the fed or thinking about the fed looking at weak growth overseas pitting yourself in the head of global investors you know, tens minus twos did make it going back to flat low to august of '07 you know, last week we were at 34.5 excuse me, 35. 25. yesterday we moved down a bit. i guess the point is, in a week we moved about half a basis point. we're sitting not much below 35, but it has been very slow. as a matter of fact, ma

maria: walgreens coming out with earnings right now. we have more news on walgreens.mpany is raising its difficult depend and it is also -- dividend and it is also looking at a buyback. as you see, the stock is trading higher by about 2%. it is authorizing a $10 billion share buy welcomback, increasine quarterly dividend. the stock is adding 8 points to the dow jones industrial average. walwalgreens is now a dow component. >> what's interesting is the composition, just looking at those stocks that are in the dow jones industrial average and how they've changed over time, it really shows you what the big players are in our markets and in our economy. maria: exactly. industrials out, sec tolling in. retail -- technology in, retail in. we'll have more on that throughout the morning. our top story, a chance to reshape the supreme court for decades to come. justice anthony kennedy announced plans to retire yesterday. for some it was a surprise. often the key swing in major cases. republicans will have the opportunity to replace kennedy with a young conservative. president

ge replaced by walgreens. uber fighting for its life in london. a monster valuation for instagram. is facebook now worth more than

walgreens beauty consultants are specially trained orks walgreens beauty consultants for the health ofique skin. walgreens. trusted since 1901. now, all sun care products are buy one, get one 50% off. mili >>> all right. welcome back. let'seut the rain for today. as we go through the afternoon, showers through pennsylvania. 8:00 p.m., a line of storms going to be near the nation's capital. isolated in the carolinas. by the time we get to tomorrow's forecast, that cold front will trigger aify additionals storms in areas of the northeast. we've got the heat and still have some storms to talk about today. >> thanks, bill. >>> when we come back, it was a mid flight meltdown from a passenger not happy about making a stop. >>> did you see this guy going on the hood of the car? that car going about 70 miles per hour, and he's on the phone. more "earning something you love" per roll. bounty is more absorbent, so the roll last 50% longer than the leading ordinary brand. so you get more "life" per roll. bounty, the quicker picker upper. now with new prints featuring disney pixar's incredibles 2

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walgreens lost and cardinal, amerisource bergen and mckeson. they talked to someone from learing capital who asked if that was an overreaction and she said, no it made sense. >> she said no with regard to the drug distributors, the walgreens and things like that that was a remarkable statement. if you kind of extrapolate what that means for longer term revenues and profit growth for these companies, it's a severe blow >> crazy that amazon only had to spend a billion dollars to do this i guess the worry, mike, is even though pillpack is small, it's how fast amazon can scale it and so there's a worry about market share always a worry about margins when amazon enters a space that could act as an overhang to the sector as we talked about, a cap on multiples. >> it also feeds into existing anxiety about those businesses pricing, who is getting all the middle man cuts along the way with pharma distribution and all the rest of it it wasn't as if this was completely out of the blue and these were businesses everyone was confident in beforehand. they we

we'll take a look at walgreens and see where that is trading right now. believe it looks like it is trading at around 6550 >> here's a question, has oil moved too far, too fast? if you haven't been paying attention, they're spiking lately we have more on this big move in the last couple of days. >> good morning, brian, too far, too fast it depends on who you ask. yesterday's high it rose 10 percent over the last week far faster than a ride we saw for brent. what is fuelling the gravity defying move three things, first the opec million barrels a day may not be that much in reality second, iran's barrels coming off, the amount could be far greater than the marshall an -- anticipat anticipated. almost 10 million barrels yesterday is very steep. it almost seems like the perfect storm is here to move us higher. investors and traders i've spoken to said they have been caught off guard by this they thought they were going to go higher. not so far that fast >> that oil can move higher from here the next stop, not out of the question it may not stay there all year

why walgreens?> as we looked at the overall index and its objective which is to be a good guide to the u.s. market, the economy is going we realize that we were somewhat overweight in the industrial sector and underweight in consumer staples underweight in health care and we wanted a company that was well respected, well known that would fill that position and walgreens looked very good they are nationally known. in fact, internationally known because their boots alliance they're clearly a large drugstore chain. prescription and non-prescription drugs a lot of other goods and they're also doing a lot of health care or well being efforts as well. it's a broad i did based company. we feel it fits what the dow needs to continue to improve its positioning. >> obviously plenty of people in -- this has been met with sort of a shrug of the shoulders. people going, okay i guess walgreens works. they want to know why not another big tech name. why not amazon or anything like that is amazon going to be part o

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news sent shares walgreens, cv s and sent shares tumbling.mp administration unveiled draft of 1040 tax document which is less than 1 payment with 23 lines, much shorter than the current paperwork, the new form, however, could require additional paperwork depending on what your financial circumstances are. the tax cut and job's act eliminated certain deductions which is how the administration was able to shrink the size of the main individual tax reform. cheryl: tracee carrasco, thank you very much. gerri: thank you, programming reminder, our maria bartiromo will have a series of big and i mean big interviews this morning in capital, steven mnuchin 8:00 eastern time, white house economic adviser larry kudlow and maria will also sit down with mick mulvaney and chair kevin and then get this, ivanka trump will join mornings with maria. don't miss maria's interview starting at 6:00 o'clock eastern time right here on fox business network, a big, big show. cheryl: all right, coming house republicans taking aim at rod rosenstein on capitol hill. >> y

emily: how big of a threat is is to walgreens and cbs? bill: in the short term maybe not a big one because pillpack is a limited service. primarily aimed at people who take more than a few medications a day. they have two innovations. os where they are making sure the combinations are healthy. two, they have this neat rectangular device that helps people manage their daily prescriptions. i have heard estimates of around 40,000 customers. probably not a significant threat to walgreens or cvs. but the power behind it, i think -- emily: how big a potential business could this be for amazon? rico drugs is 1.5% to 2% gdp overall health care spending right now. that is a big business. billion --bout $200 this is kind of a big financial direction they are going and trying to get technology involved in trying to drive medication. pillpack is just not dispensing medication, it is packing it in a right ways that the patient can take it in a proper way so they do not miss to indications in the right order. that is a deviation. incumbents have not do

you mentioned walgreen 's and cvs. what has been their reaction to this acquisition i am a song?f walgreen says he is not too worried about the deal, saying that the industry is a lot more complicated than merely sending medication to customers. he probably is right to not be too worried yet because pillpack had around $100 million revenue last year, compared to billions of dollars for cvs. anything, however, that this isjust the first step for amazon on. and amazon on continues to disrupt many industries, not only the pharmaceutical industry but they also have groceries, food, books, music... they are a monopoly. also have groceries, food, books, music... they are a monopolylj think music... they are a monopoly.” think that's why shares for its rivals were down so much because amazonas known to cut prices in order to attract customers, even if that means the company loses money over the short—term. i think that is why share investors are nervous. thank you very much for that update on the acquisition of amazon on. and has gone from being a chinese strategy on how to become an ec

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walgreens reports earnings this week i think that's something to think about.potential catalyst, earnings related that will come up i think that'll be a key driver in terms of how the stock trades over the next few days there's a lot of discussion about strategy for the company, you know, what are they going to do to remain competitive if management can answer all these questions on their earnings call, i think that will go a long way in helping boost the stock. >> this is still a retail company. >> a few weeks back, management held a meeting with its suiciouh side analysts. one thing they highlighted is they will shift this company into more of a health care business you'll see they're partnered with united health they're building urgent care facilities inside walgreens stores they're partnering with laboratories of america. in the next five years you'll see the pharmacy of the future will be different from what we see today. they're shrinking the retail square footage by 20%. this will more of a health care business than a retail business >> brian, now compan

walgreens is up $12 a share. of ending all import tariffs because between the european union and the united states of america. that's an interesting move towards president trump's position on tariffs. disney raising its offer for fox assets. $70 billion of their combined cash and stock offerings. comcast also wants the asset. starbucks is closing 150 underperforming stores. the stock is taking away down. five bucks lower at 8%. phil murphy wants to spend millions of dollars of taxpayer money to provide legal assistance to illegal immigrants who can't afford lawyers. all rights, judge napolitano is here. live in the great state of new jersey. >> a little bit of background. someone is arrested and charged, federal government will pay for it. the states pay for it. not so with illegal immigration. if you're in the country illegally and the government about to deport you and you can't afford a lawyer, you weren't around unless one of these various groups provide lawyers can come along. who comes along now? the govern

i don't think you want to go in today and say this reaction with walgreens, i think you buy it today. i think you wait a while and then it's going to take time and many of those stocks getting hilt today have yum side >> yesterday, stephen weiss, mck -- >> i always give two-day lead time >> and you bought tell today >> i actually doubled my position on abc, amerisource bergen let's talk about both of it amerisource bergen, 28% owned by walgreens. so they have right of first refusal. i think they consolidate eventually if they don't, someone else will in terms of mckesson, mckesson, the number two person in the country. the present chairman has been chairman since 2002. i'm not sure they want to be there. i think both companies are particularly well positioned for an acquisition but that's not why i brought it up i don't buy companies. they're compellingly cheap they will do well. and i think in terms of value, i can see them outperforming more so than i can see the banks, frankly. i continue to like them. i will add mckesson, didn't add to it today but i will add >> you are like amazo

is bringing this lawsuit against walgreens.people need to know this, serving kids breakfast, serial recall for salmonella. >> kellogg's is recalling 1.3 million cases because of the potential salmonella contamination. they are tracing this potentially to a third-party manufacturer, they are investigating that but this so far has been linked to 60 illnesses and when you look at your boss, use by dates of june 14, 2018, if you have that serial in your pantry or your home, check it out and get rid of it. heather: we are doing more stories about salmonella related to different things. kale and now serial. >> yes. we had several of these stories recently, very scary to think about. heather: the time is 15 minutes until the top of the are, democrats putting former pres. obama back in the game saying he is their only option. our political panel to debate it. say cheese, hilarious moment the burglar realizes he is caught red-handed. ♪ take the money and run ♪ come on ♪ take the money and run ♪ helped put a roof over the heads of hundre

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fuelling the crisis as walgreens declined to comment. this is not the only court case aimed at fighting opioid. 22 states have filed lawsuits against the company that makes oxycontin. claiming it aggressively sold as painkillers and downplayed the likelihood of addiction. >>> downtown to o'hare in 20 minutes. elon musk has a deal to do it. his boring company will assign a tunnel to get this done. the company tweeted it is excited to work with chicago on the high speed public transport system. it gave no timeline for when it would be finished. it takes me 45 minutes in a car to two and a half hours to a car. 12 minutes sounds good. >> let's hope they don't use the model 3 production line on that. >>> "early start" continues right now with the findings of the stunning doj inspector general report. >>> certainly there are a lot of things in this report that not only worry those of us in the administration, but should worry a lot of americans. >> both democrats and republicans somehow see redemption in the same report from the inspector gene

walgreens trailed that as well today. today. >> definitely relief, but multiple things bounced where they had to, riekght, bob talke about oversold banks, overseas markets, and, again, just a little bit of a lift, if that did not happen, you would have questioned exactly why so much downside momentum. maybe the month end worked through before today, and so, you know, good although the dow is really just picking up a quarter of what it lost in the previous three days of the week. we are still in a mode of learning if this level is anything like a floor. >> the nasdaq outperforming the other two indexes today. i guess tech had been hit hard over the last couple days. >> oh, for sure. tech is all over the place, actually, in the last week i think people are trying to digest, do they want to own growth, and do they want to own the secular winners in tech or want to try to find deep value, cyclical names that have lagged, and so they can't all work at the same time, and that's what's been happening this year, and it's been thi

ups datingge, fedex, in a big way to the downside, and walgreens is a massive decline or that is pressuringhe s&p 500. that, of course, that amazon is getting into the pharma care distribution space. oil is moving higher today, but energy stocks are not following student. -- suit. shery: not a lot of conviction in the u.s., but in emerging markets, a lot of conviction to the downside. stocks and currencies are now falling for the fourth consecutive session. we are seeing e.m.'s docs now sinking to the lowest level in currencieshile em ane india's rupee touching all-time low. that coming as china's yuan underperforming for an 11th session. and breaking news, as amanda was telling us, billionaire investor ray dalio is taking a step back from bridgewater associates. we will speak with him and about half an hour. until then, let's bring in kathy burton. kathy, we are hearing that dalio is telling clients they could go towards a partnership model. what could that look like? hase: this is something ray been working on for the past 10 years. he is stepping away slowly from the business, and there

walgreens and cvs fell.een: bloomberg has been shareholders are set to vote -- our sources the meeting is scheduled for 10:00 a.m. at the new york hilton. that gives it another edge over comcast which is also vying for the assets. haidi: planning to give bridgwater employees ownership over the next phase in a decade-long plan. the partnership changes will give -- the billionaire is more than midway through a 10 year plan that has had a few false starts. plenty more to come on daybreak australia. we're going to take a look ahead at what the market holds particularly in china. this is bloomberg. ♪ ♪ haidi: 8 a.m. in sydney where markets open for the friday freight just about in 90 minutes time. that's what you call a recovery rally. and in the u.s., setting up for a vet of positivity -- a bit of positivity. kathleen: in new york, waiting to see how to skim through to asia. you're watching daybreak us trillion. let's get to first word news with jenna devon heart. stress tests have forced six u.s. banks includin

. >>> kentucky's attorney general sued walgreen's over the opioid epidemic iteg a walgreens played a dual role as a pharmacy chain and whole say drug distributor. filling massive opioid orders and failed toou report suspi orders to authorities. kentucky had the third highest overdose rate behind west virginia and new hampshire. >>> health care ceos and policy makers are meeting to discussion some of the biggest breakthroughs, and overcoming the thorniest challenges. me tirrell is there for us tonight. >> reporter: through a few major tocs it piper jahvid ray how to contain costs and how technology is changing the industry. for eli lilly, aajor push has alzheimer's, but they suffered a setback this week for an eoperimental drugs, but the says it remains committed to finding new medicine. >> it is disappointing for patients our hea goes out to all the parts partners. we have a phase 2 study going on, a combination wit a plaque-specific antibody, which will be as closes we can get tong elimina all amloid in the brain. we spoke where the rising costsen insulin and how every patient can a