He was at his desk when the crash happened. He will walk us through harvesting evacuated 2,000 employees during the harrowing a deal. Plus, a new and sizable stumbling block thrown at the tmobile sprint deal in just the past hour. 10 state attorney generals suit to stop it. The deal might now have sprint spin off its mobile subsidiary, booze. Wouldnt it be great to hear from the guy who founded boost. Reporter hes here with a box of business exclusive to talk about the tangle tie up. Paypal mafia member is here in a fox business exclusive on the tech crackdown by the u. S. Government in Silicon Valley. On wall street the dow shooting for lucky number seven, seven days a winning streak still in the cards in the final hour of what had been a choppy session . You only know if you stay with me. Were less than an hour to the closing bell and lets start the countdown. Liz we begin with breaking news. House Judiciary Committee right now is the hearing underway investigating the market dominance of Silicon Valley and whether it is time to break up big tech. The lawmakers are looking at how Online Platforms such as google and facebook how they may have crushed local journalism, meaning local papers, by who bring up the advertising dollars from regional newspapers sending them into bankruptcy and out of the communities they serve. We are watching this closely. Facebook is one of the greatest percent, alphabet parent of google is up half a percent and max is the Silicon Valley genius and one of the cofounders of paypal will be stocks flipflopped and went belly up in right now we do have everything read on the screen. Down 42 points we have been up 185 and s p down for, nasdaq downtown, high session we were up 86 points for the nasdaq. Action is putting the dow asked a win streak into jeopardy. Blaine the industrials declined for that heavy equipment with trade exposure to china along with utilities are leading the market lower. While dealing with that headache investors are reaching for the antacids following the hit to ipo darling, beyond meat. The plan based me to make her plunging into final hour of trade after j. P. Morgan analyst put out a note today in essence saying we like the imitation the company and we get it and believe in the success and people are starting to use it but all that is baked into the price for now so he has cut his rating on the stock from overweight to neutral and that is like the stock is down about 22 and the note calls for shares beyond our price target of 121 and were at 128,00025 so the moment is a mixed signal because can goldman also warned short tellers who made the company and thought wed get this company that they might get burned if they continue to bet against beyond meat. His wanting them to back off because 2019 financials are quote, likely to exceed wall street expectations. The shorts i want to take his advice because the stock has seen a 450 surge, one week tart but if you look at one month, since its ipo which was may 1st, short sellers have suffered nearly 400 million in losses through last friday because they were betting against this stock. Look at this one month picture. Its only gone higher. Safe for today. Last fridays bearish tesla investors are also taking it on the chin. Tesla is picking up steam right now ahead of its Shareholder Meeting which is at 5 30 p. M. Eastern. Short interest in the stock and tesla has been famous the shorted by a huge number of people who have gotten burned time and time again but the stock as far as the Short Interest at eight and a half Million Dollars for the stock is up 20 from a low hit earlier this month. Yeah, you can expect they are not really thrilled. We are still up about 2 but investors later this afternoon are expected to quit ceo elon musk about demand for that car, the model free sedan but also about the companys cash burn rate. Its been quite dramatic. All right, Dow Jones Industrial down 46 points, breaking his President Trump expected to arrive in iowa pretty much in this hour and left a little late from washington dc but once he arrives he will tour a Renewable Energy facility in Council Bluffs and highlight his a ministrations approval of yearround access to gasoline that has higher blend of ethanol. The trade tensions with china suddenly ramping up. This is just before the president departed he tossed out a new promise that if president xi does not show up, does not attend the g20 many meeting in osaka, japan the trauma demonstration has the option to stop 25 tariffs on another 300 billion dollars of chinese material. To Edward Lawrence live at the white house on this new gauntlet that donald trump is thrown down. Reporter seems like something every day. The president is expected to speak after the tour he gets in that Renewable Energy facility. It seems from him the indications are this will be a prolonged trade war and says it will we will not have a deal unless it will be a good deal. President trump we expect to meet with president xi very shortly and we think we will meet him at the g20 and talking a very Good Relationship but look we had a deal with china and then they went back on the deal and they said we dont want to have four major points so we changed it but we had a deal with china. Unless you go back to the deal i have no interest. Reporter no interest unless they go back on the deal but china is digging in and the president also saying he believes Chinese Government to subsidize the companys even more before they wont pass on the cost of the tariff to the customers but a spokesman for the Foreign Chinese Ministry said if the president escalates this trade war through tariffs he does a the chinese will respond with determination and that spokesman refusing to confirm that president xi will meet President Trump at the end of this month at the g20 summit. Translator we note that for some time the u. S. Has made multiple public statements that it looks forward to meeting between the two had the state during the g20 summit. We will release information on this when we have it. Reporter President Donald Trump saying if the president she does not show up or that a meeting goes poorly he will institute 25 tariffs on Everything Else basically with china imports in the 90s from 300 billion worth of items and theres a public hearing on monday about what items are in that list but after that hearing will be a report that once the report is finished the president can do just that. Back to you, list. Liz were watching the markets and clearly some of this has to do with what is developing at the moment. It seems like the stocks with china are stuck in the mud. We will be watching it and thank you for being all over the story. Edward lawrence. Longest winning streak since may of last year. May 28 chain could come to an end for the Dow Jones Industrials. Jerry willis on the floor and i will not cry a river here but its still relatively close to recent ties. 2 off the s p 500 height, down 23 points, come on, why are you so worried . Last week was the best week at 2019 and yesterday we had a rally and i were down a bit and the traders are telling me its the refreshes and we just had this huge move and gone too far, too fast and overbought and now heres the results. Its been a lot of good news and the news on trade has been good and the news on growth and certainly the news of Interest Rates have been very good. The people out there suggesting that if we get disappointed on those Interest Rates that could be a problem but for right now ive got to say with the dow down 28, s p down three, nasdaq marginally lets talk about the aetna deal in stock down pretty substantially here reporting to the New York Post saying a federal judge could move to block the 69 billion acquisition of aetna affecting the stock year. The judge told the lawyers to cancel their Summer Vacation plans. I bet that went over well. Not to criticize the dj for the lack of monitoring the deal so why does the judge say hes going after this . He says the deal would raise prices and limited choices. He reached out cbs and they said no response, i believe. Here we go, so sorry, i was just handed this from cvs we wont be distracted by unfounded rumors and speculation. Cbs and and i have been one Company Since the deal closed in november 2018 and the combined entity is already showing progress toward its goal of transferring the Consumer Health experience with this from the bs. Liz, back to you. Liz thats why are viewers thrown into. Latest breaking news. Thank you. Jerry willis defense with the closing bell ringing in 50 minutes look where United Technologies is. Biggest drag on the dow 30 in the final hour of trade. Investors seemingly unimpressed by its opposed 100 billiondollar from the merger. You tx having its worst day in six months. Their worst performance since october. Big missile maker multi with the United Technologies not a great mix or investors dont think so. Up next, deadly chopper crash in midtown manhattan sent the fitness district even a block and a half away from foxbusiness into chaos during this very hour. What was it like inside that building on Seventh Avenue . The ceo of frenchspeaking giants is sitting in his office on the 34th floor when it happened and he is here in a foxbusiness exclusive to tell us how he got his 2,000 employees safely and seamlessly out of the building. And, how he avoided having it disrupt his business. Thats straightahead on countdown. It all started under this buttonwood tree. Twentyfour people came together to sign an agreement that created the stock exchange. Just the right elements coming together. It started when scores more people came together, just down the street and traded bonds that helped pay for the revolution, and the nation it created. It started in an office on the corner where the right people witnessed the telegraph and brought information and humanity together forever. It started with the markets, bringing together steel and buildings and silicon and medicine and rockets. We believe the possibilities of life and investing are greater when we come together. Its why for eighty years weve connected ideas with technology, data with inspiration, investors with solutions. So that every day together, it all starts again. Liberty mutual customizes your car insurance, hmm. Exactly. So you only pay for what you need. Nice. But, uh. Whats up with your. Partner . Not again. Limu thats your reflection. Only pay for what you need. Liberty, liberty, liberty, liberty at comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . There is the moment. Beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. Take your business beyond. Into. Liz if you are watching us here yesterday at this very moment that was the scene yesterday all of midtown manhattan including time square went into high alert. The streets clogged with emergency vehicles and First Responders. Tenants of the active Financial Building which houses bnp usa streamed out onto the rainy streets of the business district. Today we have found out that the pilot known by the name of Tim Mccormick lost his life after crashing his helicopter on the roof of the 787 Seventh Avenue. Investors are still looking into the cause of the did the crash which is on top of that building, 752foot skyscraper for the federal Aviation Administration is now saying he was not license to fly in mondays Poor Visibility conditions. The building houses french banking giant bnp americas new york headquarters and its 2,000 employees. The crash occurred back in the middle of the trading day. The bank instantly kicking in emergency plans that were years in the making. The np. The ceo was sitting on a 3441 helicopter crashed 21 floors above and joins us now in studio. Thank you and im glad youre here safely. List, thank you for having me here. Liz its very sad about the pilot and were still waiting to hear more details and yet he lost his life. First, i would like to extend my condolences to the family of the pilot who died in this accident. As you said, we dont know and it is could have been the possibility that he tried to land the helicopter on the building to avoid more casualties. Liz right, there was a helicopter landing, correct . I believe so but he might have tried to make the situation better and avoid casualties. The other pointed i wanted to make is to extend my gratitude to all the First Responders an american cruise and security teams for the outstanding job they did. They managed the situation. Liz interesting. The Fire Department that deals with the broadway area in time square all of their trucks have a sign on the front that says never missed a show but when they me that, they mean they have never missed a fire to put out and they are the best. I need to hear from you exactly what happened at this time yesterday. Sitting at your desk and what happened, 33rd floor. One of the highest in the building and we were definitely felt it. Liz describe it. Its complicated to describe because you have normal, natural conversation and then you feel this shock. Without understanding what was going on the first direction, my position, was to get more feedback and more information and as you said we had over 2,000 people in the building and then a minute later it shows how reactive the team and where we got the instruction to basically evacuate the building which we had to conduct this operation as seamlessly as possible. When Something Like this happens basically elevators dont work anymore and then whoever is in the building has to take the stairwell. Liz what was the stair likes stairwells like . Very interesting. People were disciplined and were very calm. We prepare for this situation and we prepare quite often during the year and i think when something when it really happens i think it is where it probably pays off. Ironically, we had what they call a business continuing plan rehearsal this weekend and i think unfortunately in this unfortunate situation the team could not have been better prepared. Liz i do have to ask, you have what are called dual operations and their mimic exactly whats happening in this building but over in new jersey and that is why you were able to continue to conduct business but is it fair to say and said because of the horrible tragedy of 911 but that post 911 a lot of big Financial Companies prepared for something similar and is that how worked for bnp . All around we learn from past experiences. 911 was one of them. You explained it very well. Once we got the staff evacuated and accounted for in safe basically we got into the second phase which is called business continuation and then basically we relocate the essential staff and some of our recovery sites so we have around the metro new york area some of them being in the city and what was quite efficient we managed to relocate the key staff within 60 minutes of the incident. Critical because, as you know well, at this time of the day this is where transactions take place. Liz millions and millions. Yes, millions and millions of dollars and we have to continue to serve the clients. What im happy to report is we managed to better execute transactions across fixed income and equities and as well as clearing and activities which is quite critical for all liquidi liquidity. Liz we are very happy that you and all your employees, 2,000, safely and seamlessly evacuated. You are our neighbors here in midtown manhattan. Thank you. Thank you for having me. Liz let us know when youre back allowed into the building. Theyre still working at these other locations so good luck to you. Hopefully by tomorrow. Liz let us know. Of bnp paribas the site of firefighters rushing to the scene of a stress cover in new york city bring up very bad memories of 911 for many new yorkers. On capitol hill today comedian jon stuart was doing anything but laughing. He went to congress to push the house judiciary subcommittee on civil rights and Civil Liberties to reauthorize the 911 Victim Compensation fund. The former daily show host made his pitch in an emotional testimony and ripped members of congress who did not show up to this hearing. Behind me a filled room of 9,111th responders and in front of me, a nearly empty congress. Sick and dying they brought themselves down here to speak to no one. It is shameful. Its embarrassment to the country and a stain on his institution. We should be ashamed of yourself for those that arent here but you wont be because accountability doesnt appear to be something that occurs in this chamber. Liz 11 victim Conversation Fund provides healthcare and benefits to First Responders of the 2,000 attacks and many stricken by cancer. We are coming right back. Free a. Yeah, that too. I dont want any trade minimums. Yeah, i totally agree, they dont have any of those. I want to know what im paying upfront. Yes, absolutely. Do you just say yes to everything . Hm. Well i say no to kale. Mm. Yeah, they say if you blanch it its better, but that seems like a lot of work. No hidden fees. No platform fees. No trade minimums. A