Data and they have a different much smaller number. Stephanie say it aint so, mr. Trump. Time to give you the top stories 32 big drugmakers reported earnings. Pfizer posted secondquarter revenue and profit that beat analyst estimates. Sales of its new cancer drug rose. Meanwhile, mercks secondquarter profit fell. Merck also raised its profit forecast for the year. The profits surge in the second quarter. At ford. Earning has rose 44 beating estimates. The reason, the demands for the numa aluminum bodied f150 pickup. Discounts on the truck after sales fell last month. The sales account for 90 of 40s profit. Ford said it will be september before the fully stocked. Matt i like the idea and i will get you one third you deserve one. President obama is wrapping up his five day trip to africa. Today in ethiopia, he warned African Leaders that the continents economic progress rests on a fragile foundation. He said something must be done to provide opportunities for young africans. President ob
Relief may be coming to long lines at chicago air ports. David . David first back to the markets, the dow seeing intraday swing more than 200 points. What a day. Hitting a triple digit high, before plummeting when the fed notes came out. Phil flynn, Price Futures Group and fox news contributor, watching oil and gold from the cme an lori rothman on the floor of the new york stock exchange. Lori, it started when the fed minutes hit at 2 00. They basically did indeed, david. More officials than ever in favor after june rate hike. Fed funds futures factor in chances of the rate hike. 41 . Message of the market is pointing toward a rate hike. We saw the swing as you pointed out in the market. Basically as people are making their decision and their adjustments to plan for a higher Interest Rate environment. Now we will close pretty close to the unchanged mark, dont forget. We had a sharp selloff yesterday. You have the s p 500 crossing its 50 and 200day moving averages, in the past signaled
Humidity and sunshine. Onshore wind today we will hold in the upper 70s to near 80 at the coast continuing to warm into the mid 80s to near 90 inland. A lot of sunshine. Not only here in necessarily e but also down through pennsylvania over to new york and then down into the d. C. Area. Just south theres some moisture eventually the moisture will return northbound overnight tonight has disturbance tomorrow allowing for scattered showers and rumbles of thunder especially through the mopping. Today none of there. Upper 70s to near 80. Close to 90 inland. This comes with low humidity. It will be comfortable warmth today. Increasing the humidity later this week. The forecast ahead. Time now for fast track traffic. Heres danielle gersh. Good morning, everyone. Definitely not as nice on the roads as outside today. Heres the expressway slow north and southbound as you can see. Lets go to map. Braintree to boston takes you over half an hour this morning. South of town slowing on route were not
Tom you came in from jfk last night and got here barely in time for the show. Francine it is better to walk then to take a cab. Tom the president speaking this morning in new york as well. Francine i think a lot of focus on refugees and what is not going great in the world. Tom im going to go back 48 hours. Yesterday, bombing the capture of the suspect, this was truly front and center. Francine lets get straight to the bloomberg first word news. Taylor north korea appears to have taken another step toward developing a missile that could affect u. S. They have ground tested a new type of engine for longrange rockets. They conducted their biggest ever nuclear test last week. British Prime Minister theresa may shrugging off morning from the eastern members that they will veto a brexit deal. Name says it is in everyones interest to reach an agreement. Several countries are looking to block access to the Single Market. In afghan immigrant arrested the bombings in new york and new jersey is
Francine on assignment. Vonnie news out of saudi arabia, japan coming back online, lots to talk about today. Tom the quiet after a big jobs day, huge in decision on what the fed will do. Vonnie listening to some more fed speak this week. We will be getting bank of england inflation expectations. Tom i didnt know that. Michael mckee and will join us in this hour to pick up the pieces. Monday, to our bloomberg first word news. Heres vonnie quinn. Tonie in his latest attempt prevent a u. K. Exit from the european union, David Cameron said that the u. K. Has a National Interest in preventing future conflicts in europe and that requires staying in the eu. I understand why many people are wrestling with this decision and why some peoples head and hearts are torn. I understand and respect the views of those who think we should leave even if i believe they are wrong and that leaving would inflict real damage on our country. Vonnie the british referendum on the eu is june 23 and we are expected