Will this deal close we know that Bristol Myers and sullivan have been delayed due to antitrust concerns so will add they are allegan need to divest any of its assets to push this through. I think theyll definitely have to divest us as they proactively announce that theyre going to do so they definitely will its a question of how much and we know from the Bristol Myers celgene deal that they had to invest a monday Bristol Myers announced that theyre divesting want to sell jeans top products to avoid those antitrust issues and the government is taking a more conservative approach so its definitely going to be an issue and its more of the road that up because thats something that were going to look out for. And on this and position will return the company of the u. S. After heading completed its tax inversion deal to ireland in 2015 something weve seen apple do to great effect as well saving the Company Hundreds of millions in taxes and uli this is a good move for elegant. So inversions
A bit late in the session. Im a ashley in for liz today. Major averages Holding Onto Gains and dow s p 500 and hitting intraday the dow hit ago key milestone and crossing 40,000 for the First Time Ever during todays session. Get out the hots and rise for 30,000 to 40,000 took 873 trading days to be exact. On the 4 of 2020. What starts have driven that 10,000 point gain. Dolled man zacks and 150 pointblank layupses to the dow and followed closely behind for microsoft, United Health and caterpillar. Posting top and bottom line beat and walmarts online sales rocketed higher by 22 . Impressive. Helped by households earning more than 100 per year. Also for the first time, the retailer saw its Delivery Business surpass store pickup in terms of volume. Value mart now expects to hit the high end or top its previous four year guidance and investors loving that news. Walmart also of course considered a bell weather of the economy. What is the retail giant telling us. Walmart analyst and ivan fin
Keeping its forecast 1. 9 in 2018, not hitting desired 2 threshold until 2019. Quotes from the statement. 12 month basis overall inflation and inflation for items other than food and energy have declined this year and are running below two . Hurricanerelated disruptions and rebuilding affected economic, employment and inflation but have not materially altered the outlook for the national quon my. The committee continues to expect with gradual adjustments in the stance of Monetary Policy Economic Activity will expand at a moderate pace. To recap this, trish, the fed is raising Interest Rates from 1. 25 to 1 1 2 . It expects gdp to rise originally 2. 1 next year, to 2. 5 . Then a slowdown in 2019, falling back to 2. 1 and 2 in 2020. Back to you. Trish thank you so much, adam. Joining me right now with some analysis, bullseye brief founder adam johnson, digital risk managing partner, cofounder, jeff taylor. Sure vest Wealth Management ceo robert luna, American Action forum, douglas holtze
Around the clock. American apparel seals a 90 million deal with creditors to avoid default. This after they warned about operating cash flow amid operating sales. Coming up on the show, we reveal why bill gates is staying behind at the office. Plus starbucks are filling up its cups with something a little different than coffee. We take the lid off the plans. And snapchated at jury duty. One gop candidate takes a day off campaigning to perform his civic duty. Stay tuned for the details. Welcome to the show. U. S. Futures pointing to a lower open. The dow down 28 points. Mixed set of housing data out yesterday. That manufacturing number that killed the market at the open but then the home Builder Sentiment number providing a boost to equities but Global Markets are taking their queues from asia. On that note lets take a look at asian markets. Theres been a sense of anxiety surrounding the Chinese Markets after we got the latest moves to intervene on the currency front. Its another down d
Another 1. 4 . Of 71 cents. 48. 43 a barrel. Lauren yields on the tenyear treasury 2. 6 this morning ahead of the federal Interest Rates. Nicole another major league for the white house as a portion of the president s 2005 tax return is released. The president paid 30 million in taxes that year. Trade to u. S. Officials set to unveil charges against hackers. Theres a connection it will tell you about it. Nicole march madness in the first games of the ncaa tournament. St. Marys does blow for blow in the nba Golden State Warriors losing their streak with a win over 76. Lauren 5 01 a. M. In new york. Welcome to fbn am, your first look at morning markets and breaking news. Trade to Federal Reserve to raise Interest Rates for the second time in policymakers prop up their twoday meeting today. This after employers added 245,000 jobs and the Unemployment Rate fell to 4. 7 last month. Inflation up closer to the 2 target as well. Trade investors looking to see what janet yellen will be saved ab