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Claman on Call

Turing Pharmaceuticals CEO Released on $5M Bond

Claman on CallFOXBusiness

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 (NYSE: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 (NYSE: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 (NYSE: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 (NYSE: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%.

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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