Blockbuster contract. The fallout for fox and much more as power lunch starts right now. Happy monday. Stocks trying to build on what build the perfect week last week and its looking good. More record highs today. We pulled back just a bit. Earlier another record day and check out some of the movers. Investors arent playing around with hasboros week guidance. The biggest loser in the s p 500 right now but vans and vf corp going the other way. They raised their four year forecast. Also boosting their dividend by 10 . Im melissa lee we begin this hour with new comments from President Trump. Eamon javers is live with the latest. Reporter the president s with the Prime Minister of singapore today. Theyve had a number of events already. Some more on the schedule later on throughout the afternoon. Just within the past couple of minutes we saw the president sitting down there, you see the Prime Minister there in the oval office with the president. We also saw them signing a deal for Singapore
By crashes, but a new winner takes the wheel and makes history. Good morning from the studio 57 news rook at cbs headquarters here in new york. Good to be with you. Im annemarie green. President trump marks his anniversary as commander in chief today. Last night the president fired off a series of tweets touching on health care, tax reform, and some fresh criticism of the news media. Meanwhile his soninlaw Jared Kushner faces new questions about his ties with russia. Roxana saberi is here with the latest in new york. Good morning, roxana. Good morning, annemarie. President trump defended his soninlaw in his Statement Last night saying he has total confidence in him tweeting again about the socalled fake news. President trump took to twitter throughout the day sunday declaring his overseas trip a Great Success before moving on to the media saying in part, the Fake News Media works hard at disparaging my use of social media because they dont want america to use the real story. The tweet
Cheryl in europe a tight trading day this morning. They open but the ftse in cac trading lower. Big publishing deal thats trading lower. Lauren stocks mixed in asia. In shanghai composite down a third of 1 . Cheryl old media versus new media. Newspaper publishers Want Congress they get a fair deal from facebook and google for content. Lauren did you see shares of best buy getting on report that amazon wants to compete with best buys popular geek squad. Cheryl a lot of big news breaking this morning. 5 01 a. M. In new york. Tuesday july 11th, im cheryl casone. Lauren welcome, everybody, im lauren simonetti, this is fbn am, first look at whats looking in todays markets and breaking news. Cheryl a military plane crashed has killed at least 16 people in mississippi. The marine corps refueling tanker went down in a soybean field in rural mississippi yesterday at 4 00 p. M. Eastern time. Governor phil brian saying in a statement, quote, men and women in uniform risk themselves to secure our
Took them a while but they wrapped it up. They did. As we say good morning on this wednesday well start with donald trump jr. Speaking out overnight hours after posting the emails that led to his controversial meeting with a russian lawyer. In an interview last night he said he never told his father about that meeting. He also said in retrospect he would have done things differently. Abcs janai norman is following the developments for us from washington. Good morning, janai. Reporter good morning, diane and kendis. Some democrats are saying those emails are clear signs of collusion and even some republicans are expressing concerns over trump juniors willingness. Donald trump jr. s emails. For some the fire where theres already smoke. This is moving into perjury, false statements, and potentially treason. Donald trump jr. Was openly salivating about the prospect about getting damaging information from the russians. It is certainly evidence of collusion. Reporter the emails released by t
Lower. Oil has been higher as iraq starts its action. That has boosted oil prices to 54 a barrel. Even a little above. We are seeing it coming off of the highs of the recession. Drop inreiterate, big the Overall Crude Oil inventory. 7 million barrels. A build in oklahoma and larger than estimated bills in gasoline and distillate inventory. We have been watching natural gas. We got those numbers have an hour ago. Half an hour ago. That is a smaller decline than estimated. Still off by working with percent. Natural gas now down for five days, 18 here. Bringing it back to stocks in the u. S. , we are addressing which change for the dow and the s p. We will see what happens with the Energy Shares as investors digest the Inventory Data and see the effect on oil prices, but i have to take it to retail. That is the big stock story of the day. That Department Stores really tumble after disappointing numbers from kohls and especially macys, which is announcing another 6200 job cuts, store closu