Happy monday. Im melissa lee. The dow was down about 184 points at session lows. The nasdaq has turned positive thanks to strength from biotech names like regeneron. The worst performing sector, down by half a percent. Well have much more on the bank selloff straight ahead. Here is what else is happening this hour. Some news you heard exclusively here on cnbc, sources telling us bill gross has settle his lawsuit against his former employer pimco between 75 million and 100 million. The number around 81 million. Gross filed the original 200 million lawsuit back in 2015. His dismissal from pimco was a breach of contract. Amtrak derailment with no injuries reported. The investigation is widening into the terror attack in london. Uk police say there is no evidence the attacker discussed his plans with anyone else or any other group. Melissa . We have a very busy two hours ahead. We kick things off in washington where the Trump Administration is trying to turn the page following last weeks f
Is that he has a lot of interest in one of these companies, like he has a lot of at stake here and this is an unusual way to bring these two companies together and im not sure that it makes sense. I think he would like to have us look at it as becoming the leader of clean energy but its still, theres still a lot of questions about this deal and im not sure that it makes sense for investors for the company at all. Its not a done deal. Theres still a 45 day go shop period where any other suitors can make themselves known and musk is the largest shareholder in these two companies but it will be interesting to see how shareholders feel and how they vote about it and im wondering if you think that either of those hurdles will not be overcome by this deal. Yeah, i think its possible that the deal wont go through. It does seem though that they have kind of, you know, they have barrelled against kind of all opposition so far. So it does seem likely that the deal will go through. What will be t
Thanks for joining us for fox 25 news at 11 30. Im mark ockerbloom. And im vanessa welch. The suspected terrorist mentioned the Boston Marathon bombers. 28yearold Ahmad Khan Rahami is in jail tonight facing a total of five attempted murder charges including trying to kill a Law Enforcement officer. Also new Surveillance Video showing a confrontation with police before firing on them. Thankfully none of the officers were hurt but as a result the naturalized u. S. Citizen from afghanistan faces those numerous felonies tonight. Fox 25s mall malini basu has been in new york since the first bomb exploded in new york and has been travelling new york and new jersey as the case has unfolded. She has the latest from new york as residents get back to their normal lives. Reporter we are here back at the first crime scene and the street has already been reopened. In the meantime new yorkers feel like they can now live in peace. Reporter Nina Dzhokhar works at the gas station up the road from the w
A flurry of retail results. Some good, some bad. I wonder if restoration or maybe its devastation hardware. Its brutal and they blame the market. Maybe thats the final proof that the high end customer has rolled over. Has pulled back at least. I dont know necessarily were talking about rolled over but theyre blaming the market and theyre talking about volatility and all the things going out on the markets each and every day and i they when you go through the retail environment its good to see howell home depot did and tjx did also. When you look at the names doing well they have some form of exposure to the housing world and where the spending is going on and maybe other names. Macys surprised us sitting here on the desk. Expectations have been so low. They could have gotten over that bar. But they did. That was the real key. Thats why that stock reacted the way it was. They have been punished and pricing in a lot of the negativity. Youre helping me make my point though steve. Restorat
Good morning. Im sara eisner. And im wilfred frost. Right to the market action. Yesterday we saw slight declines. About. 2 for the s p. The dow called hired about 20. The s p 4 and the nasdaq by about 8 points, 2 points following some gains elsewhere in the world. Ten year phonote as well. Weve seen yields tick higher over the last ten days. Bang on now 1. 9 . Global stocks are moving higher in the early action. Ahead of Key Central Bank decisions and heavy earnings. Europe, earnings movers helping kill gains in early action right now. Bp on the move which will hit in a moment. There it is german dax. Fractional gains. France is negative. Ftsi 100 and italy both positive. Italy with a gain of about 1. 5 . Mostly declines in asia defined by a stronger japanese yen whichs something thats been plaguing the japanese stock market. Gains in hong kong and shanghai by about. 6 right now. Oil prices had a fantastic week last yeek. Gave up some yesterday but bouncing back today at 4. 84. Blent u