How about china trade . Thats a standoff. Lighthizer and mnuchin have been on the phone to their chinese counterparts. The chinese say we called them. President xi and President Trump will meet just within days. Back home, a standoff on money for the border crisis. The democrats cannot agree among themselves on new cash for detention facilities. Children are suffering. A vote on emergency aid which was supposed to take place today might not even make it to the floor of the house. Just wait until you see how gold and bitcoin are reacting to all of this. And wait until you hear about a massive 60 billion buyout in the pharma business. Lets get on with it. Varney company is about to begin. Stuart right. This is a whopping great big merger. Got to tell you about it. Abbvie says it will acquire allergan in a deal valued at 63 billion. Ash, what does allergan have that makes it worth this huge premium offer . Ashley nearly 16 billion a year in revenue from a lot of beauty products. 16 billio
Out tonight . We will have that for you and so much more on making money. Charles President Trump is on his way to japan for the g20 summit right now. Where he will meet with chinas president xi xinping. They will of course going to talk about this trade deal. Meanwhile President Trump airing his grievances with china on fox business this morning. They have taken advantage of us as a country for so long, theyre so far ahead on average, this country is losing more than 500 billion a year with china. Charles Edward Lawrence is live in osaka with a preview. Edward . Reporter yes, charles, good morning, from osaka. It is tomorrow morning. The city is on lockdown for World Leaders coming here. They will be on the world stage, next few days here. President trump on air force one, now on his way coming over here to osaka. He will meet eight World Leaders over the various course of the next few days. One meeting with all eyes on with russian president vladmir putin. The president will have abo
Cash is pouring into this country from all over the world. Its pouring into american treasuries, its pouring into our stock market, safety and growth, thats what we are offering, thats what you are getting. Look what its doing. Its pushing Interest Rates all the way down, 2. 03 on the tenyear treasury. By the way, its so bad in europe now that when you lend to the government there, you dont get it all back. You lend them a million, they will keep 3,000. No wonder its coming over here. Then we have facebook. Looks like the stock of the day. Today they introduce libra, a new Digital Currency. They claim it makes sending money around the world as easy as sending a photo. Its a Payment System with a potential base of 2. 5 billion people buying from 90 million businesses. Investors love it. The stock is up four bucks premarket. This is going to be a very big day in politics and money. Stocks are going straight up and moments from now, a visit from Gary Woodland, the brand new u. S. Open cha
Prices that is the cost paid by business went up. 1. 6 . That that suggests another uptick in price rises. Month to month Producer Prices up a strong 0. 6 . That means the pace of price increases is speeding up. The bottom line here, inflation running a little hotter. What impact on the extraordinary bull market . Well, ill show you with, no if impact that i can see. Before those numbers were released, the dow and the and nasdaq were up sharply. Theyre still up after a those numbers. Dow up 100, s p up, what, 9 points, 30 points 40 points up for the nasdaq. The inflation uptick did not hurt stocks that much. Interest rates, theyre at elevated levels. The 10year treasury now yields 4. 23, and the 2year is well above 4. 5 , youre looking at 4. 66. That didnt hurt the stock market. Bitcoin, well, thats holding firm, 72,000 and change, 72,8. Oil, 80 a barrel this morning. Yeah, 80. 47. Gas going up again, regular average as 3. 41. Its up 2 cents overnight. No change for diesel, 4. 03. All
Has done just that he joins us live in just a few minutes from now to tell us what he will say, what he thanks the nation needs and that ron desantis and Rhonda Desantis andblasting hims reaction. He is here al live in just a few moments. First hilary is moving north historical Tropical Storm expected to slam to Southern California just hours from now. Within 48 Million People in its path gearing up for what could be massive flooding of the southwest and the southland unprecedented for the west coast. Hello welcome to Fox News Live everyone i am eric shawn. Hi arthel. Arthel hello eric hello everyone i am arthel neville. The National Hurricane center just downloaded hilary to a Tropical Storm. It is already blamed for at least one death and mexico. As far inland as a las vegas. Hilary could still dump more than a years worth of rain in some areas of the next day or so. Forecasters warning of catastrophic lifethreatening floods, dangerous mudslides, Power Outages or possibly even tornad