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passenger. the company says they re exploring and mobilizing all options to bring the crew back safely. we re awaiting an update from the coast guard in about a half an hour and we ll take you there. welcome, everybody. i m neil cavuto. we go to alexis mcadams. we re waiting on the update from the coast guard. this comes as the coast guard is coordinating an all hands on deck active search and rescue mission for this missing sub. the coast guard working to find the five mission specialists on board including world explorer hamish harding. i pulled up an instagram post by hard ago few minutes ago. he talked about how excited he was to go on the dive and says the team has a few legendary explorers, some of which that did this over 30 times since 1980 oceangate expeditions is the american company that launched the submarine, which is the size of a minivan. about 350 miles southeast in the atlantic is where they are located. it didn t come back last night. they called the ....
will: no. pete: looks like there might be a pier going out many that direction, i m guessing florida. the trees don t match will: it s raining like it is in florida right now. rachel: it s america. i can say that because i see the flag. pete: and no one s going to tell us. so that that s an unknown location in america [laughter] where it is not sunny. will: rehoboth. pete: i was right on the pier. will: 70s. rachel: oh, that was cream. will: best country, best rock and roll, 70s. pete: i mow your taste. 90s. rachel: 80s. that was obvious. pete: fourth and final hour of fox & friends, and i ve officially not even quiet quitting, every morning when you try to order breakfast on this show. she said she was going to the order us keach as 7 a.m. quiche, it s 9:00 rachel: i don t do it on my phone, i m old school. i just cook. pete: start preparing breakfast at home the night before and bring it in rachel: i m actually going to do that. pete: will you do that o ....
deal, and i want you both to know that don t count on me in the back half of the fourth hour of this show, because the vikings game starts at 9:30. rachel: that s so early. pete: they re playing in london. so i ll have the game on my phone, you guys carry the show. will: i m glad you clarified, there are people asking why i m wearing tennis shoes with my suit, if i m going to copy pete. all the way. [laughter] i lost a bet. i lost a bet to pete. he beat me at fantasy football, so i am sporting minnesota vikings gear with, and you ve got a london a.m. kickoff. you ll be watching football while we do the muse. rachel: and, boys, explain what the bet and if you lose fantasy football team. pete: well, the bet is, i don t know that a will s committed ye- [laughter] rachel: come on, will. let s be daring, join the bet. pete: neither of those are true. will: that i m going to wear a dress? pete: if rachel is number one in the fox & friends fantasy league, and right now are ....
And we start with the uk chip designer, arm. its owner, japan s softbank, has finally filed the paperwork for a new york market listing. this highly anticipated floatation should net its japanese owner tens of billions of dollars and will be the biggest initial public offering in almost two years. arm is based in cambridge and plans to make its american stock market debut in early september, selling its shares on the nasdaq exchange. our north america business correspondent, michelle fleury, has the details. arm didn t reveal the number of shares that were selling or pricing of the offering but is reportedly for evaluation of between 60 $70 billion. ahead of the ibo the cambridge company revealed revenue was down 1% from a year earlier. the company, currently owned by ....