On its first day. And Biotech Company holozyme therapeutics surging today 18 now on new partnerships. The ceo of the company will join us exculusively to discuss whether more deals could be in the offing as well. Lets begin, though, with the day in washington. Ylon has more on todays Senate Finance Committee Hearings on tax reform eamon javers has the latest on President Trumps talks with democrats on daca and what exactly they talked about. Ylon, lets start with you, though bill, the chairman of the Senate Finance committee, orrin hatch, made absolutely clear today that the negotiations over tax reform are only just beginning. Part of the big six, gop leadership, as well as members of the Trump Administration who have been working together on a framework for tax reform but hatch said today anything they agree to is just a guideline, not a guarantee. Anyone with any experience with the Senate Finance committee knows were not anyones rubber stamp. For a bill particularly on something as
Korea. General mattis and i communicate virtually every day, and we agree there must be the highest level of coordination between our diplomatic efforts and our military efforts you cant have a stronger partner than secretary of defense who embraces diplomacy, and i hope he feels he has the partner he needs at the state department this is just the beginning of the list of partners and friends across the government who are all working for the American People theres much to be done, and were just Getting Started to address a few specifics that have been erroneously reported this morning, the Vice President has never had to persuade me to remain as secretary of state, because i have never considered leaving this post. I value the friendship and the counsel of the Vice President and i admire his leadership within president Trumps Administration to address the many important agendas of President Trump both from a Foreign Policy perspective and diplomatic im sorry, domestic objective let me
Faber broke the story, a lot more on what it could mean for media content and streaming and more the vote is in, bill ackman has lost it was a pretty tough shella shellacki shellacking. Well talk to Carlos Rodriguez about this companys victory coming up. Bob lutz says we are approaching the end of the automotive era and in 20 years no one will even own a car well dig in on bobs predictions. David, first up, the latest on disney fox. Listen, yesterdays story was interesting, largely for the fact while it may not actually occur, that is disney buying many of the units of 21st century fox, the idea that 21st century fox was willing to engage in talks designed to sell a large part of the company, willing to go smaller in and of itself sends a significant signal to many of the Traditional Media Companies out there and that is the case again as we had reported through yesterday at 1 30 when we broke the story, talks had taken place over the last few weeks. They had ended although they could
Making are still dancing in investors heads, following yesterdays disney approached 21st century fox about buying most of its assets. We also told you that broadcomm made an unsolicited massive 105 billion bid for qualcomm, the chip maker. And who could forget recent reports that cvs health may look to do a deal with aetna . The deal talk was enough to send the dow to an alltime high, up eight points at 23,557, and et cetera sixth straight day of gain nasdaq went the other way, down 18 2 3. But what could all of this merger talean for the Broader Market rally . Dominic which did y takes a loo. Reporter it seems theres a new mega merger possibility being talked about every day. The are hosts of reasons why companies are looking towards bigger acquisitions given current market conditions. Companies are seeking greater industry penetration, new geographic markets. Theyre a bit under pressure by shareholders and activists, also the relative ease of financing. Companies have access to credi
Adp in line at 177. And our road map begins with apples iphone sales disappointing. Why the company says future product rumors could be to blame. Private sector hiring slows. Will signs of a cooling job market change the feds potential rate hike plans . And a food rally, mondelez and yum brands beat the expectations. Mcdonalds gets an upgrade at goldman up. The iphone shares disappoint and tim cook said we are quote we are seeing a delay in purchasing behavior that we think is a consequence of the number of rumors and reports about future products. That is happening outside of Greater China. Jim, it will be interesting to watch you get him to expand on that. It is going to be the smallest gap up or down for apple on earnings in a couple of years. Well, look, i think that this is one of those where if we looked at it as a Consumer Products company, wow, they beat by eight cents, look at this return of capital its amazing. But you know what, that is not the way that the street views appl