First here is whats new at this hour. Making his message to the hawk eye state President Trump just touching down in nebraska, before heading to iowa where hes expected to speak this hour on Renewable Energy, amid the escalating trade tensions between the u. S. And china. Were going to bring you the breaking comments from the president just as soon as they happen, plus taking on Silicon Valley, big tech is feeling heat on congressional hill, tech rise is facing local news industry were live on capitol hill with the latest and searching for answers, the tour its death count in the Dominican Republic is rising, what officials are now saying could be behind it. Watch out. Ashley we have fox Business Team coverage from washington to wall street Edward Lawrence live at the white house, gerri willis of course on the floor of the new york stock exchange. Lets begin with edward with the latest developments of the white house. Edward . Reporter ashley the president going to tour that Renewable
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
Note, the hang seng. The hang seng hitting the highest level since june of 2015 during that session. The picture of europe here, inflation data hit the tape moments ago. A mixed bag. Fractional losses in germany and france. Home depot just out with First Quarter results. Earnings of 1. 67 a share, coming in 5 cents above estimates. Global Comp Store Sales were up 5 , that beat the consensus of 4 . U. S. Comps were up 6 . Wae above e home depot raising the fullyear earnings forecast. Market reaction in the currencies from the Washington Post story. I to be honest with you, i didnt buy it because what were seeing across the board is that people are willing to take on a little bit of risk. Euros are turning to levels since before the french election, yen is coming off. We saw the chart. Its been a while that the dollar euro has been strong. You can do just about anything you want in the Financial News reporting, sort of and im sure we didnt make that up. Im sure the person that wrote that
Worked. Right, jackie . Reporter yeah, no kidding. So this is an interesting situation because usually when people or groups put up large objects or barriers, the city takes them down immediately but thats not the case here. Behind all this traffic as you can see its a busy intersection, there are barriers that a Bicycle Group put up and the city is keeping them up until they replace them but we dont know when that will happen. To get into the east side of golden gate park, bicyclists and cars branch off the street and veer on to jfk. We see cars come around this turn fast cutting into lanes. Reporter those speeding cars are what deters people from biking in this area according to a member of the sfmtra who wanted to remain anonymous. The truth is, we dont mostly need to do this. We dont want to do this work. We would like our city to do this work but they are not and not fast enough. Reporter a couple of weeks ago the sfmtra an organization not affiliated with the city installed these
The day, it seems as Hillary Clinton opens up a doubledigit lead. Thats saying a lot. That its getting nastier. This poll shows clinton ahead by 11 points,35 as donald trump slips in the poll warning his supporters that the election may be rigged. The poll was taken after the release of the 2005 recording in which trump is heard making lewd comments and bragging about groping women without their consent. As the fallout continues hes Angelica Spanos has more. Reporter good morning. Donald trump looking to recover after a rough weekend. His 11yearold comment made in that tape is creating controversy within the public party. Some leaders unendorsing the candidate. Donald trump on the campaign trail, warning that more attacks will come if more tapes emerge. If they want to release more tapes, saying inappropriate about bill and Hillary Clinton doing inappropriate things. There are so many of them. Reporter trump is trying to tie Hillary Clinton to former president bill clintons indiscretio