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And President Trump wants federal agencies to work with social Media Companies to stamp out hate. But first, uber shares continue to fall after sales miss and a 5. 2 billion dollar loss in the second quarter. Much is due to the ipo in may. Cooper is trying to reassure investors, saying losses will come down over the next two years. Why such a dramatic reaction . Eric i think the stock reaction had to do with the revenue mix. If you are going to lose that much money, you have to keep growing. A 5...

Lower. President trump continues his attack on the central bank saying a small cut is not enough airlines li s slide as lufta delivers a sharp drop in Second Quarter net profit and warns the market will be challenging for the rest of the year. And bayer warns its 2019 targets are becoming ambitious due to a challenging environment for its Crop Sciences business as it is linked to thousands of lawsuits here you have behind me a lot of earnings going on today in europe. Lets run you through some o...

Apple hires a key chip designer as it pushes to make its own semiconductors. How this could be a game changer. Shares of facebook and google dropping on the heels of another president ial ramp against u. S. Social Media Companies. Here is what President Trump told foxbusiness. We should be suing google and facebook, and perhaps we will, ok . To talk more about the reaction, lets go to our reporter in new york. Shares did react to the president s remarks. What happened . They did. You just saw th...

In terms of gains. Can tech keep up its recent hot streak joining us now to discuss is jeffries Senior Analyst brent thil and tom forte gentlemen, good morning to you both tom, ill start with you the fact that were seeing names like apple, the semis rally on this u. S. china trade truce over the weekend and what it means for some of these companies to be selling into china, how should investors be thinking about that sure, i would say the truce is nice, but we would like to see is an actual reso...

Alix peak accretion greater than 20 . Those are pretty staggering numbers. David they are paying a premium of 45 . Alix we are going to keep following this and what it means for other health care in a day other health care m a. In the markets, sb futures pause until the g20 s p futures pause until the g20. The dollar hit a threemonth low yesterday. 2 . Ds did dip below now we are back about that. Crude a little softer. It feels like a teeny bit of a risk off on the margins, but nothing extreme. ...

96. Continuing the dollar index below 96. Continuing weakness for the u. S. Dollar yield. The 10 year major you deals major deal to tell you about today. Allergan putting up a nice performance because abbvie is offering a 45 premium to buy the company. We will be talking about it in just a few moments. Abbvie shareholders selling that stock, off just a little bit. We will look at the ramifications in just a moment. Guy as you say, stocks down, havens up. Yield into record territory. Keep an eye ...

As it pushes to make its own semiconductors. How this could be a game changer for future gadgets. Shares of facebook and google dropping on the heels of another president ial rant against u. S. Social Media Companies. Here is what President Trump told foxbusiness. We should be suing google and facebook, and perhaps we will, ok . To talk more about the reaction, lets go to our reporter in new york. Shares did react to the president s remarks. What happened . Absolutely they did. You look at faceb...

Administration responds with a cyber attack. Iran has a Cyber Strategy of its own, how they are attacking u. S. Banks online. First to our top story, the continued back and forth between beijing and washington has put tech in the crosshairs of the trade war, impacting Companies Like apple, huawei, and many more. A new article details how chinas tech sector is mostly insulated from exposure to the u. S. On many fronts. But there is one area where it is still dependent, semi conductors. Over the l...

What goes up and what should come down. Cyber strikes, iran downs a u. S. Drone and the Trump Administration responds with a cyber attack. But iran has a Cyber Strategy of its own. How they are attacking u. S. Banks online. First, to our top story, the continued back and forth between beijing and washington has put tech squarely in the crosshairs of the trade war, impacting Companies Like apple, huawei, and many more. A new article in Bloomberg Businessweek details how chinas tech sector is most...

Overall, stocks are moving slightly higher ahead of the opening bell. Remember, this is a shortened day of trading because of the july 4th holiday. The market closes at 1 00 p. M. Eastern for the fourth of july. We are remembering an icon in the Business World. The ultimate salesman of all time, lee iacocca, has died at the age of 94. Hes best known as the father of the mustang and for saving the company chrysler. Well have much more on his impact throughout the morning. Varney company starts ri...