Policymakers talk about Interest Rates. Also we report on the u. S. Economy growth in the Second Quarter. We would give you a preview. Asked by the comes the first u. S. Retailer to sell the apple watch. Goes on sale in august just in time for the holiday. We will have the details and breaking right now we have a 40 billion deal in the generic drug industry. The generic drug vehicle makes botox. I am Dagen Mcdowell in for sandra smith. Welcome to fbn am cover your first look at todays america to come to the latest breaking news and what to expect for your day ahead. Breaking news right now this morning in the drug industry, Teva Pharmaceutical is by an allergen for 40. 5 billion. Allergan will receive 33. 75 billion in cash. Have a shared value to a 6. 75 billion. The new sending teva shares slightly higher in premarket trading. That says something. Tablet expects the deal will add to adjusted earnings in 2016. In china can the stocks getting same as the bears come out of hibernation a
triple jumper, but most importantly, he was mark zuckerberg s college roommate. the 14th person in the world to have ever been on facebook back when it was a college. he lived in strauss hall. a couple famous people lived in emerson tlou obviously many of poorer. what a group. carl, we look forward to that, and much more from the olympic games. meantime how are we setting up in the united states on the u.s. futures? we do have a 1% gain. our road map meantime starts with the waiting game today. the question, will it or won t it deliver or hint at monetary sim lulls? could the stronger than expected adp number foreshadow a better number on friday? google delays its release of nexus q. is this a win for apple which continues its streak of gains. and is wall street going antisocial? electronics arts say social is slowing, but mobile is where it is at. so much to talk about today. but we have to start off with the markets. july going to the bulls. the dow and s&p 500 down 1%
of 40 points. 1 1/3 points. s&p looking at the best day since march 13th with a gain on the session at 1386. right to bill griffeth we go at the new york stock exchange. bill? what was all of the hammering about? what s fueling this bull run today? that s what everybody wants to know about. a lot of things, among others, the china effect. despite the weak report on initial jobless claims and a batch of disappointing ipos, we are seeing stocks rally on speculation that china will be able to avoid a hard landing ahead of its are release of the first quarter gdp data. that comes in overnight tonight. another thing investors are watching closely, today after the bell, we will get earnings from google. the question is, will the tech giant surprise to the upside after missing estimates in the last quarter? we ll have full team coverage on google in the next couple of hours here on the closing bell. maria? that s where money has been moving into technology. we re coming to you
experts standing by to answer that very question. but first here s a look at the major selloffs. the dow is down 123 points right now at 13,076. the nasdaq down 1.6% or 52 points at 3,061. if the s&p closes around these levels, down over a percent at 13.98, maria. financials leading this decline. let s take a look at the big blue chips with less than an hour to go. financials among the big laggards. jpmorgan chase for one. citigroup down sharply. on a sidenote, we are waiting for jamie dimon s annual letter to shareholders. that is closely watched over the last few years. since the crisis of 2008 it s been closely watched. standard & poor s is putting the stop on credit watch negative. meanwhile, less than an hour to go, we take a look now at the key market themes here as we approach this final stretch. risk aversion is the name of the game. we re seeing renewed flight to safeties in a number of markets. treasury prices, for one, higher. yields going lower as prospects of q