The ceo of boyd gaming will discuss where he sees growth. Today we have henry tao, steve grasso. Should we be as concerned over whats taking place in china . I dont think the u. S. Market should be concerned at all. In china only 15 of household assets are in the Chinese Market. People are not spending according to what they make in the chinese equity market. I dont think there will be any substantial impact on the u. S. Earnings at all. Do you buy that rick . Not even a little. I dont disagree with his information. I do think there are many aspects to china unique to china. Many have no problem when commodities were racing and copper was racing saying this represented global demand. Maybe it was chinas demand. I think that this reversal may not be exactly correlating. Lets speak or let the market speak for themselves. The dollar index, bund and dax all hit the same levels in july. When i see the dow, its not everyones favorite gauge of value, but the lowest levels since february this
Moving to the upside today rebounding beyond the major u. S. Indices oil is bouncing back. This is important. Its helping the market hire. This is after brent crudent entded in bear market territory. As for europe ftse ending up 0. 7 of a percent. In asia overnight, chinas selloff continues. Not as bad as the day before. And nikkei 225 hitting a twoweek low. Lets get to trading action here in the good old United States of america with bob pisani down on the floor of the nyse. Weve been do for an oversold bounce and it helps that earnings are better than anticipated today particularly in industrials. Look at the major sectors. Everything thats been a disaster this month is up today, which is the way it should be. Were due for a bounce in energy and materials and industrials. A lot of disappointments in earnings. Health care has been holding up. Thats on the upside. Watch the market leaders. Market leaders are internet stocks like google and Facebook Biotech stocks and banks. All of thos
Policymakers talk about Interest Rates. Also we report on the u. S. Economy growth in the Second Quarter. We would give you a preview. Asked by the comes the first u. S. Retailer to sell the apple watch. Goes on sale in august just in time for the holiday. We will have the details and breaking right now we have a 40 billion deal in the generic drug industry. The generic drug vehicle makes botox. I am Dagen Mcdowell in for sandra smith. Welcome to fbn am cover your first look at todays america to come to the latest breaking news and what to expect for your day ahead. Breaking news right now this morning in the drug industry, Teva Pharmaceutical is by an allergen for 40. 5 billion. Allergan will receive 33. 75 billion in cash. Have a shared value to a 6. 75 billion. The new sending teva shares slightly higher in premarket trading. That says something. Tablet expects the deal will add to adjusted earnings in 2016. In china can the stocks getting same as the bears come out of hibernation a
Abc7 news starts right now with live, breaking news. That breaking news is in vallejo where redwood parkway is closed after a deadly shooting. The dresser the driver of this car lost control and slammed into three parked cars. Police say somebody shot at the driver moments before the crash. He was pronounced dead at the scene. For more go to abc7 news bay area. Good evening. Now we have a warning from police. Thieves are targeting cars and stealing anything of value. Dozens have been hit since wednesday. The rash of thefts began on wednesday in the relatively Safe Community of moraga and continued this morning. Lilian kim joins us with more. Reporter there has been no visible damage to any of the vehicles. No broken windows for instance. Moraga Police Believe the victims are leaving their car doors unlocked, but not everyone is convinced. When i got closer i noticed the contents of the glove come compartment were on the front seat. I knew we were broken into. Jane is one of dozens of m
President met with diplomats at the u. S. Embassy. And Fiat Chrysler hit with a record fine up to 105 million to settle legal problems stemming from nearly two dozen recalls. Those involve some 11 million vehicles including some of the companys most popular models. Those are some of your top stories on this monday, july 27th. Announcer from abc news this is world news now with t. J. Holmes and reena ninan. Good morning, everyone. We begin this half hour with a battle against wildfires. 24 major fires burning in five states this morning. Four of them near sacramento, california. Hundreds of families have been forced from their homes. Hundreds of others are ready to go. Abcs Clayton Sandell on this already tough fire season. Reporter an air war. Planes and helicopters knocking back flames in hardtoreach terrain, 45 miles northeast of sacramento burning so hot, you can see it from space. Were hitting it with everything we have. Reporter firefighters are working to protect about 2,000 stru