Im liz claman, the last hour of trading, breaking news right now. We told you it would happen, and we told you it would happen here on countdown to the closing bell, billionaire investor, carl icahn, announcing the next big investment, did it on twitter like we said he would moments ago. He said, we currently have a large position in apple, confirming the tweet to me minutes ago. I just got off the phone with carl who told me on the phone were there. We think its extremely undervalued, and we think a bigger buyback is a real opportunity here. Again, he told me right on the phone, minutes ago, we are there. He sounded positive about it, so there it is. Icahn picking a large position in apple, and the stock is moving up. Hes advocating that larger stock buyback, and that is juicing you can see the intraday picture the second it hit twitter, last week, he told the viewers he would make the next big announcement on twitter. There it is. Stock moving up four and twothirds percent or 22 for
Whats driving it . S in past 20 minutes, theres been a reversal, dow and s p snapping a two session losing streak, up arrows across the board right now, and dows up 48 points, and, well, we have more declining stocks than advancing ones, but up arrows. This is what happened. Moments ago, the Atlanta Fed Bank president essentially said this tapering that we are talking about and expecting to happen next month might not fully happen because the Economic Data that weve been getting is relatively uneven, so, perhaps the qe continues longer. Up arrows right now. Back to you. Take it while we got it. Headline with attention, the department of justice and states suing to block the merger of American Airlines and u. S. Airways. We are joining right now live by capital chairman and fowppedzer, also former Continental Airline ceo, Frank Lorenzo on the telephone. Thank you for being here on fox business to help us understand what the ramifications of the doj move are, and what are they . Caller w
And Elizabeth Warren catching up to him in the present polling. We also have a member of the House Judiciary Committee here tonight, fresh off the hope hicks testimony and the first hearing on reparations in 30 years. Lets get word from inside the rooms where things happen. What do you say . Lets get after it. All right. So joe biden has gone from offense to defense, all right. Hes now taking on the rivals who were going after him for recalling the, quote, civility of two former segregationist senators. Tonight heres what biden had to say to them. Are you going to apologize apologize for what . Cory booker has called for it. Cory should apologize. He knows better. There is not a racist bone in my body. Ive been involved in civil rights my whole career, period, period. Now, senator sanders said today he agreed with cory booker biden should apologize. Well get to that. My big question for the senator is about raw politics of persuasion and winning. Senator Bernie Sanders, welcome back to
Today on the world stage at the g7 summit meeting. Lets start with china. The president claiming today that china called and wants a trade deal. China called last night, our top trade people. And said, lets get back to the table, so well be getting back to the table. In fact, the president later said there were, in fact, numerous calls, highlevel calls. The only problem, chinas Foreign Ministers office says it is not aware of any calls and no one else from the Chinese Government has come forward to say that they participated. So how did the president explain that discrepancy . So the chinese are saying that there werent any particular the chinese are not saying that. Excuse me, let me explain something. The vice chairman of china do you get higher than that, other than president xi . The Vice President , the vice chairman its like the Vice President. The vice chairman made the statement that he wants to make a deal, that he wants to see a comment minister. So it was a Foreign Ministry
Dictator is mercilessly trying to [ inaudible ]. Welcome to the lead im erica hill in for jake. We have breaking news in the money lead. President trump declaring the Oval Office Moments ago he is considering a payroll tax cut. Something white house aides repeatedly denied over the last 24 hours. But hes not considering it because hes worried about the economy. The president insisting that move would have nothing to do with increased fears of recession. Instead use the opportunity to once again slam Federal Reserve chairman jerome powell. Pamela brown starts us off today from the white house. Reporter President Trump pushing back against recession fears. I think the word recession is a word that is inappropriate. Reporter and defending the u. S. Economy to reporters in the oval office today. Were very far from a recession. In fact, if the fed would do its job, i think we would have a tremendous spurt of growth. A tremendous spurt. Reporter the president starting on twitter sharing a do