Minute right now what we really want to do is talk about the hp xerox. Did we move that up well talk about that now because hp board unanimously rejected that bid from xerox to take over that company its weird it was like a reverse pacman a much Smaller Company buying a much bigger one. 22 a share is not in the best interest of its shareholders and undervalue hp. Letter to xerox ceo they sited the potential impact of outsized debt levels at the combined companys stock. They left the door open with the possibility of acquiring xerox. Looks like it would be a good deal but well take over you it was strange either way combined company same debt . Potentially it was odd when i was reading through the letters. Xerox saying they lined up what they thought could be financing that citi group could eventually get for them that seem like a couple stretches. We havent got the highly confident letter from the drexel days from citi on that. In the meantime, new this morning, fedex ceo fred smith is
Pete suratos is there with what we discovered overnight. Pete . Reporter good morning to you, laura and marcus. Were working to get more details from chp oakland as well as the Contra Costa Sheriffs Department which are handling this investigation, but at least from the scene on san pablo avenue i can tell you that the scene is clear, wont affect any traffic in the area. There are reports of a shooting in richmond with at least that driver crashing their car just off the off ramp off of 80 west. We will show you video from this scene. This is from roughly around 11 00 p. M. So the scene has cleared for quite some time, but information that were getting or our crews got from officers on the scene is that apparently the shooting happened just after 11 00 p. M. , its unclear if that shooting happened on the freeway but that convertible, that crash just off the off ramp off of 80 west and san pablo avenue. We do know that the victim was transported to a president who, do not know the exten
Im wilfred frost. And seema mody in for sara. Good morning, will. Good morning to you. Lets go straight to Market Action this morning. Off the back of a strong finish to a tough week last friday. We saw decent gains on friday that meant the weeks performance was respectable. Declines but the nasdaq down more than. 5 . S p and dow just down by. 75 . For the week as a whole, seven out of 11 were negative led down by financials which turned in the only performance of all of the sectors of more than 12 decline. A this morning, as you can see, were bouncing back from that decline last week. The dow pulled high just shy of 30 points. Lets look at oil prices because they turned in a resounding poll week. Up about 5 for the week as a whole. Back around 50. And adding gains as you can see, have the 50. 8, the fwries ofpri crude. Exports in japan rising 7. 5 in april from a year ago. Below the 7. 8 annual growth. Exports abroad are being driven by the weakest in the yen that weve seen earlier th
Campaign is living on a prayer. Slamming the billionaire businessman for the failure of Trump University, calling it a fraudulent scheme. Out in california, senator Bernie Sanders trying to appeal to the greenies in spreckels, california, sanders wrapping up with a vow to end fracking, calling for a ban to the oil drilling process. Trump is on his way out west to california as well for evening events in sacramento as new polls show trump trailing hillary by four points. All this as president obama gets set to add his voice to the 2016 race. In this hour, hell be laying out the two paths the voters have to follow this fall. Our Political Panel will tell put its president s participation will help or hurt hillary . The latest on the texas floods. Ford reveals 2017 superduty to fox business, and charlie breaks it. We have less than an hour to the closing bell. Im Ashley Webster in this afternoon for liz claman. Lets start the countdown. Well, as we look at it now, markets are at session h
Investigatation. The new rertrt says the state dedepartment hit a key piece o evidence for two yeaears. 54 millionmemericans facing the threat of Severe Weather including tornadoes, l loong at the thth of storms on the way. Big surprise, and ownersrship stakee i in the company, sto w l be valued at 1 miion, great story for r the employees to arare. Apple shares takaking on earnin, ststock is down 7 , t the techny gianant deploying weaker than expected profits and revevenue r the sendnd quartrter. Apples outlooook a disappointntnt. We will take a c closer look at mbmbers later in the program and tell you how manipiphones they sold, that was a disappointme. Turning to the broaderer market acti a aund the world today that apple and earnings s news weighingn n investor sentiment, investors waiting for th Federal Reserve dedecision late daday and the bank of japan meeting tomorrow in asia slight decline acroross the board etettyty much fractiol moves t t lower. R. In europe rkrkets hovering