Good afternoon, everybody. Welcome to power lunch. Nasdaq hit new highs yerlearlie today. The dow and s p 500 under pressure merck a big reason for the dows decline. Shares down about 6 shaving 20 points off the dow merck is down 13 in the past week the Number One Health care analyst will join us to take part in mercks woes. Whats working check out amazon, apple and facebook all three hitting new highs. Check out some other movers. Amd down downgrade there. The stock down 20 in a week in arising market. Lennar taking a hit on its deal to buy calatlantic soaring by contrast more than 20 , almost 22 ge just keep moving lower down 2 when you have two jets thats what happens investors getting a little nervous. Reports that the Corporate Tax rate changes would be phased in over time rather than implemented all at once. As soon as these headlines crossed the dow turned 60 to 70 points down right now. The corporate rate wouldnt get to 20 until 2022 under this proposal the report does caution
This monday morning. Im frances rivera. This morning the Trump Administration is playing defense. Sally yates the former Deputy Attorney general and one time acting a. G. Is set to give her bombshell testimony before congress rebuking the white house on the secretive details that led to then National Security admizer Michael Flynns resignation. There are continuing questions on what if any coordination the trump team may have had with russian operatives. For more were join by tracie potts. What revelations are we expecting from yates this morning . Sally yates said she warned the white house, the white house said she gave them a heads up and discrepancies or possible discrepancies but they said she warned them that then National Security adviser mike flynn could be blackmail ord compromised by russia because he wasnt being forthcoming about his meetings and interactions with the russians including with the russian ambassador. He ended up getting fired because the Vice President went pu
The last hour dining and discussing a bond between our two nations. But is it iran with russias support not only the biggest impediment to the use the but a first on fox Business Interview, former Prime Minister of israel is here with us in studio. Israel peace a possibility or a pipe dream . And how do israelis really feel about helping arm syria . Well ask him. Back home, theres slashing and burning and also some building up with the president s budget thats about to be unveiled. Our Political Panel on whether a balanced budget will be doable or pretty much hard to achieve as peace in the middle east. Plus, the sale of the century. What this spray pained skull pulled in by that artist on your screen at the massive art auction and what it says about our economy, or at least about the big job creators. The ceo is here first on fox business. It was a huge auction for them. And ford mows down ceo mark fields. Well get you a live report on the automakers reasons for letting a ceo go. Were
And a ring of steel in place for the one love Manchester Concert. Set to start just hours after the horrific attack in london. The headliners, including Ariana Grande responding this morning, as officials tighten security to keep everybody safe. Good morning, everyone. We want to thank you for joining us. Were dedicating much of this show this morning to the breaking news out of london, a deadly terror attack overnight. Youre looking live here at the aftermath. Heavy Police Presence on the London Bridge where the attack began. A van plowing into aut simply e saturday night. Three men leapt out of the van. They went to a nearby market and began stabbing people. We want you to look at this video from inside a nearby pub where Police Told Everyone to get down. Down, down everyone down. After eight minutes, Police Killed the three suspects. Here you see one of the assailants wearing what police say is a fake suicide vest. And all of this comes less than two weeks after the horrific attack
President trump, theresa may, and londons mayor responding to the attack this morning. And a ring of steel in place for the one love Manchester Concert. Set to start just hours after h. The headliners, including Ariana Grande responding this morning, as officials tighten security to keep everybody safe. Good morning, everyone. We want to thank you for joining us. Were dedicating much of this show this morning to the breaking news out of london, a deadly terror attack overnight. Live after the aftermath. A heavy Police Presence on the London Bridge where the attack began. A van plowing into a crowd of people out simply enjoying a saturday night. Three men leapt out of the van. They went to a nearby market and began stabbing people. We want you to look at this video from inside a nearby pub where Police Told Everyone to get down. Down, down everyone down. After eight minutes, Police Killed the three suspects. Here you see one of the assailants wearing what police say is a fake suicide ve