To report. Also trade representatives set to kick off a new round of china talks in shanghai. Earnings less than an hour away, well preview the key things to watch from that report with the stock up 800 on this 25 ipo price. Steve grasso from stewart frank, and a lot of moving parts, what do you do . It feels as if everyones on hold for the fed thats the most important thing thats happening right now earnings this surprised to the upside everyone usually, even last quarter, even was ready for a a into the earnings cycle. Steve is here with us for the full hour, and well be dissecting the market moves. Lets focus on the big stories the pharma deal, more fallout for boeing, and eamon javers. Viagra, lipitor, xanax and the epipen, pfizer is going to spin off or divest its up patent business and combine with mylan, and the new company will do about 20 billion in annual sales. It will get a new name and be domicile in the United States, a fact that could be attributed to u. S. Tax reform an
Good morning. Im marlie hall. And im relief this morning after seeing near record temperatures in durham, north carolina, where it felt as hot as 105 degrees, the city closed outdoor pools and halted boat rentals as a safety precaution. The extreme weather did become dangerous in many areas. Nbcs kathy park has this report reporter lightning at a beach in clearwater, flrks, struck a man in his 40s. Like shocked, thrown to the ground reporter sending him into cardiac arrest hes currently in Critical Condition and several othersar recovering from their injuries while across the country scorched cities hitting a boiling point, with another day of relentless heat its toasty warm. Reporter outside oinsi theis last week, expecting ma kano was admitted to the hospital because of the heat physically, do you think you can no reporter in wisconsin and michigan, severe storms exasperating conditions. With thousands of customers entering day three, offline without electricity. Also in the midwest,
Hall. Im dara brown a dangerous heat wave is finally beginning to break the scorching temperatures that settled over the country have for for days been blamed for as many as seven deaths. Overnight in new york, about 44,000 people lost electricity as the local Power Company made repairs to prevent further outages. For more on the impact of the recent extreme weather, nbcs kathy park has this report reporter lightning at a beach in clearwater, florida, struck a man in his 40s. Like shocked and thrown to the ground reporter sending him into cardiac arrest hes currently in critical condition, and several others are recovering from their injuries across the country, scorched cities hitting a boiling point with another day of relentless heat its toasty warm. Reporter outside of manhattan in queens, hundreds of customers are without power, and many were finding relief outside rather than inside their home. Last week, expecting mom elsa canoe was admitted to the hospital because of the heat p
Market converge over the next few days. First there is t earningss is the busiest week for Quarterly Results of the season. Then there is the Federal Reserve which begins the twoday policy meeting tomorrow with the decision on Interest Rates due wednesday. Trade talks between the u. S. And china are set to resume. And the nations labor market which has been fuelling the consumer comes into f the release of the monthly jobs report. But today investors were willing to wait and see what happens. With the major indexes hovering around ae high. The dow jones average wast 28 po to 27,221 and the nasdaq fell 36 and the s p 5 was down 4. Bob pisani has more on what lies ahead for investors. The calm before the storm. The market is bracing for the busiest week for earningsnd the Global Economy and fed meeting. So investors are reassured bytr e talks havent blown up and Central Banks are keepite st rates low and will continue to do so and third earnings are n collapsing. They are flattish but no
Good morning from the studio 57 newsroom at cbs news headquarters here in new york. Good to be with you. Im annemarie green. Well, President Trump is once again taking aim at four progressive members of congress. The women known collectively as the squad are all women of color. Laura podesta is here in new york. Laura, whats the president saying now . Hey. Good morning, annemarie. The president tweeted yesterday the women are not capable of loving america and they should apologize to is rew el for the horrible things they said. He also wrote theyre destroying our Democratic Party but could never destroy our great nation. President trump still has the squad in his sights. A week ago the president ignited a political firestorm with a series o of tweets aimed at the four progressive lawmakers. Yesterday mr. Trump had a new message for them. He wrote on twitter, i dont believe the four congresswomen are capable of loving our country. All four are women of color. The house condemned the pre