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Claman on Call

Turing Pharmaceuticals CEO Released on $5M Bond

By Claman on Call FOXBusiness

Turing Pharmaceuticals CEO released on $5M bond

Claman on Call: FBN's Liz Claman with an after-hours web exclusive on the markets, McDonald's, General Mills, FedEx, Pandora and the arrest of Turing Pharmaceuticals CEO Martin Shkreli.

Stocks woke up to a hangover the day after the Fed's long-awaited rate hike, snapping a three-day winning streak. The Dow tanked 253 points, erasing all of Wednesday's gains, the Nasdaq lost 68 and the S&P shed 31 -- that index now back in the red for the year.

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Oil played a big part in the bearishness, settling below $35 a barrel! At $34.95, that's the lowest settlement price since 2009.  

Sink your teeth into this: the gold in these arches fried up a new high. McDonald's (MCD) broke out to a lifetime high for the third day in the row. It's still the only stock in the Dow Jones Industrial Average to hit an all-time high this month.

General Mills (GIS) fell more than 3% by the end of trade. The maker of Cheerios and Yoplait suffered weaker sales as people bought less cereal and yogurt.

FedEx (FDX) is felt the holiday spirit, closing up 2% after the head of its ground shipping service said this season has been the busiest ever! The announcement came after the company's earnings release Wednesday.

Pandora (P) is putting pressure on the music industry by hiking its royalty rate by 20%. The stock initially took a hit but closed up over 13.5%.

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The bad boy of the pharmaceutical world was handcuffed Thursday, literally. Turing Pharmaceuticals CEO Martin Shkreli now out on a $5 million bond after being arrested early Thursday morning by FBI agents for running an alleged ponzi scheme involving a hedge fund he used to run.

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