we got some new news today on where the boss of dow chemical has been hanging out with regard to the new administration. a.p. reporting the dow connell mcshane c-- chemical met with te head of epa. why the fate of a particular dow chemical pesticide? hears p the entry of scott pruitt's calendar which we have obtained. march 9, 3:05 to 3:30, meet with andrew, dow chemical, hilton america's houston room 845. and then three weeks later, the head of the epa brushed aside the findings of epa scientists and said, no, i'm not siding with you. instead, i'm siding with dow chemical. whose ceo i just met in that hotel room. he declares that dow chemical's pesticide would be just fine. there would be no ban. never mind what the epa scientists had already said about it. we've seen so many whiplash changes from the last administration to the new one, but the sidelining of science is one that you've really been able to watch in real time. last month we got the news that epa was canning several members of an important science advisory board. the scientists had initially been told they could stay. on

of a particular dow chemical pest side.e entry on epa chief scott pruitt's calendar, which we have obtained. march 9th, 3:05 to 3:30, meet with andrew with dow chemical. and then three weeks later, the head of the epa brushed aside the findings of epa scientists and said, no, i'm not siding with you, instead i'm siding with dow chemical. whose ceo i just met in that hotel room. he declared dow chemical's pest side would be just fine. there would be no ban. never mind what the epa scientists had already said about it. we've seen so many whiplash changes from the last administration to the new one. but the sidelining of science is one thing you've been able to watch in realtime. last month we got the news that epa was canning several members of an important science advisory board. apparently after the scientists had initially been told they could stay. one of the ousted scientists said the cuts, quote, just came out of nowhere. for the record, the epa says no one was fired. the agency said the scientists could all reapply for

dow chemical. the leading manufacturer of plastics in the world and the third largest manufacturer of pesticides dow chemical has an annual turnover of forty eight billion dollars and fifty thousand employees around the globe. in the wake of this chemical giant there's an industry of staggering profitability and industry in a frantic race to innovate each year their new toxic products reach the market these multinationals all have one thing in common a culture of secrecy. following us. polluting lands rivers and groundwater. behind the fumes of these factories we have discovered tens of thousands of victims. in india children are born with severe disabilities. in the us those who have dedicated their lives to this industry everybody will get it because it and the money and the benefits it was secure are now paying the price those guys are all dead and i should have been. faced with these tragedies the chemical giants have adopted a specific course of action. lack of transparency cynicism tonight. i

dow chemical. the leading manufacturer of plastics in the world and the third largest manufacturer of pesticides dow chemical has an annual turnover of forty eight billion dollars and fifty thousand employees around the globe. in the wake of this chemical giant there's an industry of staggering profitability and industry in a frantic race to innovate each year their new toxic products reach the market these multinationals all have one thing in common a culture of secrecy. the following us. clue.

that signed onto a statement to the president as well as fortune 500 giants like general motors, dow chemical and coca-cola. paris aims to keep global temperatures from increasing more than 2 degrees compared to pre-industrial times. that's really hard to achieve. humans would have to stop polluting the air at least 50 years to get anywhere near that goal. but corporate america says it can live with the paris framework because the emissions limits it says are voluntary. there's no mechanism in the paris accords that forces countries to comply. and on the surface, compliance could be costly. one study suggests the net cost of the u.s. millenial to reduce emissions could run as high as $4 trillion by the year 2050 but could also be lucrative. efforts will spur growth in clean technology industries that favor american companies. now the president is jeopardizing that. and doing nothing to combat climate change is sure to be costly too. trillions of dollars in losses from increasing crop damage, rising floods and climate refugees. however, the paris agreement does spell yet further disaster for t

. >> the ceos of exxon mobil, dow chemical and tesla urge trump to remain in the agreement.lon musk threatened to quit white house advisory councils he sits on if the president pulls out. he tweeted we will have no choice but to the park councils in that case. other ceos have called on trump to stick to the climate deal. they are afraid of the negative consequences of nonparticipation. >> let's get the reaction from wall street. standing by, what are traders making of the plan to pull out of the climate agreement potentially? >> we had some surprising and not so surprising reactions. we had stocks from solar companies, from renewable energy firms trading to the downside at coal stocks they suffered quite a bit. the fear is that if only the u.s. gets out of the paris plan the reputation of coal may suffer further. general were hoping to promote for clean coal as much is possible. if donald trump were to decide to get out of the paris agreement it could be a lose lose situation for the broader u.s. economy. >> what will that mean for the industries? surely companies are trying

dupont and dow chemical have cleared a key regulatory hurdle. u.s. thorities have approved of them to sell of certain assets. dow and dupont announced the merger in the late 2015. a meltdown at british airways that stranded thousands of passengers last month at least called 80 billion british pounds. the estimate was released thursday adding up to lost revenue, rebooking and accommodation costss from the debacle. aig said his independent investigation is still ongoing. very expensive mistake. >> thank you. the latest from the business world for its time for the press .eview -- world -- it is time for the press review. a look at some of the papers. focusing on french politics today. with extraordinary moment what is coming up on sunday, the second round of the legislative a vote. the business paper is leaving on this as so many of the french papers. it is saying what we will expect is a tidal wave of support for macron and his new party, la republique en marche. you can see very complex, full coverage in the basic message is 470titled wave will of the

we also work with the dow chemical.are the first player to use millions, and that's why we want to use new material, so we can reduce the weight and improve and lower the cost. we also need some global partners. we can use the chinese maps, but going global, we use canle maps, and google maps work worldwide. also for the payment. hat,hina, we work with wec but worldwide, we need more payment partners and some credit card companies. he is the founder and ke, talking about his company expanding into 200 cities and a company he sees valued in the billions. you would thought that would help some of those bicycle manufacturers. seeing sincebeen december 2016 is the big three , they have all had a torrid time of it. it has been a declining market and we have seen shares under pressure and the cycle makers in china. that is what we have at the moment despite suggestions that his company could be worth billions as they expand into over 200 cities or thereabouts with their bike sharing. what we have coming up, interest-rate cuts

. >>> last week we brought you the story of dow chemical and corning, two companies that praised theut according to the intercept they funded a lobbying group that peated the white house to withdraw from the agreement. >> there you have it, hedging strategy there. >> the industrial energy consumers of america, a trade group lobbying on behalf of the industry, praised the president's decision, says the u.s. should never be a party to a global or bilateral agreement that does not provide a 4re68 playing field for manufacturing. >> that does it for "velshi & ruhle." >> have a great weekend. >>> see ya. t of the family. i love that i can pass the membership to my children, and that they can be protected. we're the williams family, and we're usaa members for life. call usaa today to talk about your insurance needs. and you're about in to hit 'send all' on some embarrassing gas. hey, you bought gas-x®! unlike antacids, gas-x ® relieves pressure and bloating fast. huh, crisis averted. to be a nightmare! does nobody like the future? c'mon, the future. he obviously doesn't know intel is helpi

of dow chemical before approving this chemical what is this chemical what what are the potential effects of it who should be concerned about it and why is scott pruett meeting with the c.e.o. of another long running saga that's taken a twist in this new administration so this is an insecticide very widely used in agriculture in all different settings you know cotton orchards also used in golf courses and it's been controversial for many many years environmental groups have been suing e.p.a. for years saying you have to take a second look at the health effects of this chemical and why. an e.p.a. did under court order when they did review the safety of this particular chemical they said oh we think there's neurological effects there's possible developmental problems for children that are exposed that may not be reversible released a serious list of health concerns and the exposure route could be because it gets into somebody who can water workers who use it residues on the food kind of every pathway they looked at e.p.a. said we have a problem here and they started the process to to withdr

among those appealing for him to stay on board is elon musk and andrew, from dow chemicals.es to keep the u.s. embassy in tel aviv. trump signed a waiver that will hold off the move for another six months. waivernts have signed a since 1995. initial applications for unemployment benefits in the u.s. rose last week by the most in a month. jobless claims were up 13,000 to 248,000. the government comes out tomorrow with the main jobs report. global news, 24 hours a day, powered by more than 26 hundred journalists and analysts. this is bloomberg. oil production dominated conversation at the st. petersburg international economic forum. erik schatzker asked about the shift in opec's role as the global price -- in oil. they used to have total control of the price and now they do not. got 5 million barrels of shale coming out of the united states. it could go to 10 million barrels a day. opec, the more they cut, the higher the price goes and then you have more shale going into the market. they keep going. that is why they don't have the control. they push it up too much, the shale o

that complaints were the dow was a least common denominator multiple the agricultural business was undervalued because the investments are skating the profitability in chemicalsent discount because of the fact that the people were concerned that the portfolio was being aggregated for half rather than run for shareholder value and the promise for this transaction is dow being valued at 12 times earnings was that all of the discounts were through the combination and generation and redistribution investors including ourselves got nervous when in may the management transition time line was changed. he previously commented that he would be -- >> in fact he said with an interview with me on the day the deal was announced back in late 2016 that he would most likely be stepping down in the middle of 2017. he did not see himself as the leader of any would be of these businesses. >> that's correct. >> why are you concerned >> i think you'll remember that the day that dow and dupont was announced was the day before the stand still between third point and dow chemical was eliminated so it was almost a compromise solution that we would not only merge these two great compa

many major companies, dow chemical, google, apple, all of them are completely displaced by this stepesident has taken. so what i want to make clear to people in the world who are listening to this. donald trump left this agreement, but the united states of america represented by the massive people who support doing something about climate change are going to continue to take steps that will try to advance american interests and global interests to deal with this problem. and i talked yesterday with the governor of california, jerry brown, the governor of new york andrew cuomo, with the governor of massachusetts, charlie baker him i'm glad to see the dpf of washington who i didn't talk to is going to be a part of an effort to continue to live by paris. and shortly, we will have a website up called live by paris.com. where people will be able to share their plans and their efforts and initiatives in order to do what president trump is unwilling to do. but it's a sad day for american leader scholarship and i think it's a very, very harmful, dangerous, self-destructive step that's been t

. >>> and meeting privately with the ceo of dow chemical before dropping the agency stance to wildlyicide has been shown to harm children's brains. scott pruitt met at a houston hotel back on march 9th. 20 days later, pruitt announced his decision to dan dow pesticide from being sprayed in food despite epa scientists concludes that just even trace amounts could interfere with the brain development of fetuses and infants. an epa spokesperson told the ap the two men were only briefly introduced at a conference and did not discuss the pesticide in question. she also stated that the signs remain unresolved however, the american academy of pediatrics is urging pruitt to take it off the market. and the risk to infant and children's health and development is unambiguous. according to the epa, its next review of the chemical will be by 2022. the next deadline for mandating safety. let's turn to business where markets are down. jenna joins us live. the news comes after prices slightly recovered from last week. an increase in global oil exports as a contributing factor. >> that's certainly rig

also expected to have the lockup expiration, more shareson the market this summer >>> dupont and dow chemicalserger winning u.s. anti trust approval finally, but that approval is under the condition that the company sell certain crop protection products and other assets >>> johnson & johnson completing its acquisition of actelion. the total price was $30 billion in cash or $280 a share a quiet $30 billion merger >> absolutely. it's true. >>> shares of finisar are trading higher despite the company reporting disappointing quarterly earnings revenues missed forecasts and issued a perceived weaker guidance. >>> bhp appointing ken mackenzie as the new chairman. mackenzie will take up his post in september at a time when the miner is being challenged by investors to revamp its structure and improve returns. elliott management says it supports the move. >>> takata is preparing to file for bankruptcy the japanese air bag manufacturer is working towards a deal for financial backing from u.s. auto partsmaker key safety systems keeping our eye on shares of nike after 3% slide yesterday. stock taking a h

. >>> dow chemical and dupont reaffirming plans to close their merger in august the boards also announcinglans to spin off parts of the combined company within 18 months of the deal closing. >>> shares of pier 1 tumbling after the company announced a major miss they had revenues it of 4$409 million last quarter, $12 million short of expectations. shares are getting slammed, down almost 11% >>> h&m posting a 10% increase in pretax profits, the company saying positive results thanks to continued expansion and tighter cost controls. those h&ms and zara's of the world competitive. >>> we have sarepta naming dog also a ingram as the new ceo he will take over as of september 20th. >>> carrizo oil&gas with a public offering of 15.6 million common shares, priced at $14.60 per share. >>> and progress software topping wall street's forecasts. the company seeing q2 income jump by 25%. shares up by 5.5% in extended hours trading. >>> on today's agenda a pair of economic reports and plenty of big-named earnings weekly jobless claims are out at 8:30 a.m. eastern along with the third and final estimate o

his closer advisors, like the ceo of dow chemical who has been a major backer of president trump sincee joined the councils, he has urged him to stay in. >>> wilbur ross says he hopes to complete talks to renegotiate nafta by early january, well before mexico's general election in july. speaking at an event in washington, ross said the trump administration would impose anti-dumping and anti-subsidy charges on mexican sugar and canadian soft wood lumber. the deadline for a mexican sugar deal is june 5th. >>> back to the global markets. in asia overnight, chinese pmi fell short of estimates. hitting an 11-month low. that did not help the shanghai comp. you did see gains across the rest of asia, including the nikkei which jumped 1%. the chinese currency, a seven-month high after the peoples bank of china set the mid point. it's been on a bit of a surge the last few sessions. at least the off shore chinese yuan which is a statement of strength and the fact that china may want to push away speculators. either way that's seen as good it jibes with a stronger manufacturing number outyesterday

dow chemical would not respond for comment.ry serious questions about whether these two incidents at the epa are part of a larger problem for disregard of best practices. they believe these merit a closer look and closer scrutiny to determine if it was improper, or if there was actual misconduct, jake. >> rene marsh with our earth matters episode. be sure to follow me, me, @theleadcnn. i'll turn you over to wolf blitzer in "the situation room." thanks for watching. >>> happening now, bully pulpit. president trump faces intense backlash over a scathing personal attack on a female news anchor. republican lawmakers are criticizing his tweets and asking the president to show more respect and civility, will he listen? >>> meeting putin. president trump is set to meet with russian president vladimir putin at the g20 summit next week. but what message will he deliver. i'll talk to hillary clinton's campaign manager. >> following money, new sa

this after report that epa administrator scott pruitt met privately with the ceo of dow chemicals 20 days before changing the policy. >>> republicans are going to miss their own deadline to replace the affordable care act. how the president is ramping up his efforts to make a deal. >> reporter: just listening to the president meeting with republican senators at the white house there was an air of resignation. >> this will be great if we get it done and if we don't get it done it's just going to be something that we aren't going to like and that is okay and i understand that very well. >> reporter: the gop not differenting up on health care reform many partial repeal but getting enough republican senators on board hassin awed who acknowledged his deadline will come and go without a deal. >> we have a good chance of getting there. it'll take us a little longer. >> for democrats a victim are you lap of sorts. they are had latched onto congressional budget office claim that more than 20 million americans would no longer carry health insurance under the senate republican plan. >> the repu

yesterday you see western digital up a touch a big dow chemical investor is calling for changes to the merger with dupont the "wall street journal" reports glenn view capital wants the company to scrap plans to break into three separate ups wunts t units once the merger is complete. >>> and u.p.s. plans to freeze pensions for 70,000 nonunion workers switching them to a 401(k) fund. >>> more stocks to watch, american airlines is testing new screening machines for carry-on bags the machines, which have similar technologies to ct scans, can measure a bag's density and map it in 3-d. this could aoone day allow pass bbe i passengers and gels in their bags >>> and dutch medical equipmentmaker philips announced a 1.9 billion euro takeover of spectranetics. philips is offering shareholders 38 cents and 50 cents a share. the deal is set to close in the third quarter of this year. >>> international paper will take a pretax charge in the second quarter to settle an antitrust suit clean products sued international paper and other container boardmakers in 2010 for alleged price fixing. >>> blue apr

a couple of stocks on the move this morning, big dow chemical investor is calling for changes to the s merger with dupont "the wall street journal" reports glenview capital which has a 1% stake in dow wants the companies to scrap plans to break into three separate units once the merger is complete. >>> ubs plans to freeze pensions for about 70,000 non-union workers switching them to a 401(k) plan. the company's trying to contain a retirement fund that has a nearly $10 billion deficit >>> there could be a crowd in the cloud. alphabet is expected to roll out an update to google drive that will allow users to back up all the files and folders on their computers, into remote storage the feature called backup and sync will automatically have google drive copy everything in your desktop folder. google will also continuously back up the folder to ensure your files are up to date. first 15 gigs are free after that you have two choices $1.9 a month for 100 gigs or a terabyte for $9.99 a month >> you know, if you're living in an apple and microsoft world, for example, and an android world, you

"the washington post" asking head of dow chemical to spearhead an add.administration's earliest hours, she met with leonardo dicaprio and even invited al gore to trump tower for a meeting with herself and her father in the days following the election. >> it's no secret that ivanka trump is very committed to having a climate policy that makes sense for our country and for our world. and that was certainly evident in the conversation that i had with her before the consideration with the president-elect. and, i'm addition you kn-- i ap fact that she's very concerned about this. >> a white house official tells nbc news that jared and ivanka went to synagogue in the morning. ivanka went home to enjoy the holiday with her kid and jared walked to the office to have a meeting with a long-standing friend from out of town. jared was fully involved with the process. the post says kushner agreed with the president that it was a bad deal but felt the president should try to renegotiate better terms instead of withdraw. >> back with us, matt bradley. president trump p

planned merger between dupont and dow chemical getting through the u.s. courts on thursday. the court said they can go ahead provided they sell certain assets, including some crop protection products. this was a deal announced way back in december 2015, billed as an all-star merger and valued around $130 billion. immediately after the ruling came out, it was deeply criticized by the head of the national farmers union who said it was deeply disappointing and that farmers would have to pay higher costs as a result. >>> let's talk tech. snap stock plummeted by 5% on thursday, taking share price all the way back to $17, its ipo price. shares have fallen by 42% from the high point they reached on march 3rd, second day of trading. this comes on the back of the company reporting weaker user growth and weaker revenue growth back in may at first results as public company. we've seen several analysts turn more beari isish on the stock. back to you. >> i don't know how you feel about that butterfinger story, that's scary for me. >> i love the transition from candy t

the head of the environmental protection agency met privately with dow chemical's ceo ahead of an epa decision to allow the use of a pesticide that has sickened farm workers and is known to cause brain damage in children. the associated press reports epa chief scott pruitt met for about half an hour with dow ceo andrew liveris at a hotel in houston, texas, on march 9. 20 days later pruitt's agency , unexpectedly reversed course and approved use of the pesticide, which is manufactured by dow. meanwhile, the epa has announced new plans to roll back an obama administration policy that environmentalists say will remove drinking water safeguards for one in three americans and threaten wetlands and thousands of streams that flow into larger rivers and lakes. the 2015 regulation determined more than half of the country's waterways are covered under the clean water act. in a statement tuesday, epa chief scott pruitt announced plans to rescind the rule and launch a review of which water bodies will fall under federal protection. meanwhile, the intercept reports that the person trump has appoin

the ceo of ge, dow chemical. a big ad that ran in the journal that had a bunch of sig nuitaries from major fortune 500 companies. seems like more the business community actually tried to reach out to the trump administration and to try to persuade them to stay in the climate accord, the more it backfired, actually. so, i think a bit of bad blood there as a result. >> the business reaction is so important here because donald trump cited economic reasons and said we're pulling out because it's hurting our job and business leaders don't agree. they say this is an importa framework and you also have to look at market forces. i mean, it'smore, it's cheaper to use natural gas. it's becoming more economical to use renewable energy. they're not changing their plans to move forward with clean energy and, you know, move the ball down the road. president trump also injected a great deal of uncertainty with respect to the regulation landscape yesterday and that is not good for business. >> we'll dive more into the business a

there's exxon, chevron, microsoft, apple, jon jon, monday santo, dow chemical, i could go on and on.y all argue that we should stay in the paris accord. and they make an economic argument for staying in therement and i'm just curious, don't you find that argue that they are making persuasive. these are not companies that want to see american industry hobbled in anyway and they think it is a good idea? >> well, i think large incumbent corporations always look full advantage to protect themselves from new innovative competitors. that often comes in the form of begging for government regulation that tends to lock in market share by increasing barriers to entry and making it more difficult for smaller companies that don't have armies of compliant officers and lawyers and accountants to figure out what is a thousand pages of paperwork needed to northbound compliance are. so there is always disincentive for the largest companies that have an army of lobbyists who want to make themselves important, an army of compliant officers that want to make themselves important, to use that to lock in

sentiment that not just elon musk and by the tigers said, that many other top is as leaders, whether dow chemicalm cook or a number of other people, all said they disagreed strongly with president trump. nevertheless, trump went ahead and of course as we all know, got out of that peers treaty. stephen, great stuff, great interview. stephen engle joining us on the interviews he did with jamie dimon. if you are a bloomberg customer, you can watch this show using tv . you can watch it using a whole bunch of things, but this at a twist which i think is fantastic. let's take this back, you can take the video back, watch pretty much whatever you want. let's take you back to tracy talking about what is happening in qatar. the real sort of aspect of this is what happens over here. that is this sidebar here that provides you with breaking news, data checks, breakdowns of what is happening in terms of optionality that you can use, you spin it back a little bit as well. charts functions that you want to pop out, you can. it gives you the ability to make this a really interactive process. there is the ch

it's why general electric and coca-cola and dow chemical are in favor of this plan.e to leave it there. blake, sean, thank you so much for joining us. appreciate it. >> great to be here. >> thanks for having me. elizabeth: keep it right here on the fox channel for the latest on the fallout from the president's announcement. former campaign manager corey lewandowski joins howard kurtz on "media buzz" to talk about the coverage. that's tomorrow at 1 is a.m. eastern -- 11 a.m. eastern. and don't miss "fox news sunday," chris wallace has an exclusive interview with epa administrator scott pruitt about what happens next. he will also talk to former vice president al gore who called president trump's actions reckless, as you probably know. check your local listings for time and channel. >>> and tomorrow on this show spokesman for vice president mike pence will join us with more on the administration's take, that's at 1 p.m. eastern, of course. don't miss it. leland: we'll see you then. meantime, the president wants law enforcement agencies to hire veterans, can and he is p

now the ceo's of ge, intel, and dow chemical have all criticized the decision, but they said they would continue to work with the president. we're reaching out to other companies in the white house councils to see where they stand. and of course, we'll see how sean spicer and scott pruitt tackle the criticisms when they hold the joint press conference. back to you. >> thanks so much, we'll get back when the press conference starts. russian president vladimir putin reacting to the united states' decision to pull out of the accord an a panel with megyn kelly earlier this morning. here's what he said. >> translator: i wouldn't judge president trump because president obama made the respected decision, maybe the acting president didn't believe they were well thought out. maybe he thinks there's not sufficient resource available. so this really requires very far consideration, but in my mind one could well stay inside the paris accord because they are our friend, but effectively what one could do is alter the united states obligations within the paris accord. >> very different reaction from e

dow chemical is up there, i think with the split up that's going to unlock a lot of value and it is at couple of years. >> you are one of those that's waiting for the proverbial correction you want to see five to ten percent taken out of this market has that affected how you invest this first part of the year as you wait for that to happen. >> i traded less there was a blip in may, one day when it went down 2% i added verizon and chevron, some value pieces. but yeah i haven't gotten the drop that i expected i still think we will get a drop at some point. just hasn't happened yet i am sitting patient i like what i'm holing long term i think my holdings are good. >> jackie, you mentioned also some concern about the second half of the year is that just because we have already had -- almost like we should just end the year here? >> it's true i loved through 2008 we know that the market can't continue to go up forever. i have taken a little off the top on some of my really strongholdings right now i probably have a liblt more cash on the side than i normally do because i feel like there is

report that will be issued to the g-20 and a lot of including bank of america, dow chemical signed uphe governor to explain to us what the main risk from climate change were. >> this is a core point of the economics of climate change. term.e used this i sit in one of my roles and manage monetary policy limit change doesn't come into the equation because we are managing a two to three-year -- when we stabilityt financial risk its present for something like general insurance and reinsurance. these guys are actually very good at managing. they change the pricing. they change the coverage of insurance to adapt to climate change. because they see the physical manifestations of climate change. make sure as supervisors that they are on top of it. in general they are very much on top of it. the fact that things roll over -- as wer makes it there will be changes in policies that have change in technology. inre will be potentially anticipation of such changes. who's going to win, who's going to lose. who's going to benefit. who's going to be penalized. if i'm allocating capital i want to have t

to stem board, apple's's tim cook, and dow chemical's is andrew.investigations into russian thel and -- meddling into u.s. election is shifting. james comey may testify next week before the senate intelligence committee and will be asked whether president trump pressured him to drop the fbi's russia case. he conspired to convey 100 million dollars in taxes. of president- head trump's committee pair global news 24 hours day powered by more than 2600 journalists and analysts in more than 100 --global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. david: coming up, the ceo of shopping mall landlord and washed them prime group here to talk to us about what is going on in retails. live from new york, this is bloomberg. ♪ >> this is the hewlett-packard enterprise greenroom. whitman, that is at 1:00 p.m. eastern time. jonathan: the manufacturing pmi came in the low 50's for the first time since june 2016. morgan stanley ceo james tells bloomberg he is still bullish on the world's's sec

. ♪ >>> stocks to watch today, dow chemical and dupont reaffirming plans to close their merger in augustso announced plans to spin off parts of the company, combine the company within 18 months of the deal closing this despite what we heard from one activist investor who says he doesn't want that to happen >>> shares of pier 1 tumbling after the company announced a major miss they had revenues it of $409 million last quarter, $12 million short of expectations. the stock is getting hammered. >>> h&m posting a 10% increase in pretax profits, the company saying positive results thanks to continued expansion and tighter cost controls. that stock is higher by 1% >>> president trump expressing confidence that republicans will get the votes needed to pass their much anticipated healthcare legislation joan jo joining us is republican senator pat toomey who worked on the legislation and is firmly behind it thank you for joining us today >> thanks for having me. >> you have been surprised by your colleagues reaction to the legislation? >> not terribly surprised. we've been having this discussion s

okay dupont and dow chemical won anti-trustrust approval to merg under the conditio that the company sell certain crop protection products and other assets the companies have clearance from europe, china and brazil and are awaiting approval from a handful of companies including canada and mexico. >>> time for our daily check in with washington with eamon never know >> don't get so excited. >> you don't sound so excited. >> you never know what's coming here never know what's coming from the beltway. president trump is headed to miami today where he is expected to roll out a new cuba policy. and it doesn't roll it back completely, does it? >> yeah. >> tightens up a couple things can i still go if i want to if i pretre prete pretend -- >> not as an individual people to people, you can't but as part of a licensed tour group you can. get yourself on a cruise ship, off you go. >> it's a beautiful island i had someone trying to talk me into going there i guess there's a lot of art down there >> it's beautiful. great artists. >> it is fabulous. i was there two years ago. >> fabulous? >> fabu

news in the chemicals sector dow and dupont received appty trust clearance from the u.s. for long awaited and several times the wait, $70 billion plus merger on the approval that the two companies sell certain crop protection and material sciences assets keep in mind, sales already underway as companies have gone through the regulatory process dow and dupont reaffirmed options to close the merger in august of this year with the intended spinoff remember, they are looking to combine the entity and spin off into three independent publicly traded companies, that those spinoffs set to occur within 18 months of the closing. shares of dow and dupont lower on the day, but, again, antitrust clearance from the u.s. department of justice for the $70 billion plus merger everybody's been watching since 2015 back to you. >> morgan, thank you >> i actually own dow, one of my largest material positions because of this very special situation. waiting for forever for the deal to close looks to be happening. they talk about splitting up once they merge, split up in three, but i think it's

dow announced the biggest financial operation in its history. a merger of one hundred thirty billion dollars with another american chemical giant du pont. a match made in heaven. there's a lot of the chemistry between. dupont made its fortune with dynamite. nylon. and tough line get a magical material that prevents food from sticking to patent spotted want. to. be built. however behind the success of teflon dupont hides a dark secret sauce his can't believe. on the line more than people. dying because of what they. think. cares a girl or to a window on. this respect. at the heart of this drama is one city parkersburg. lost in the eastern u.s. . this city was built around the dupont factory. suzanne bailey came here in one thousand seventy eight to work on the tough line production lines. i went to work in may the eighth one thousand nine hundred seventy eight that was my glorious day right there i took the pictures it's you as me. without gray hair. in the middle yeah you know i was so happy just by you i was that was the lead job i mean everybody want to go there because of the money but the benefits and everything like that it was sec

the dow is now positive for the week. it's up 130 points. german chemicalopean union to gain regulatory approval for its $66.6 billion megamerger with american. but will the eu allow this deal to finally sprout? and how long is it going to take? charlie gasparino in the lead on this for many, many -- >> yeah. we actually, fox business broke the story of the deal, the 125-dollar cash bid. i believe it was last summer. and i believe i broke it while it was waiting for my table. so this is a big deal. this is one of the biggest mergers of the year. it's a blockbuster merger. $66billion. now, here's the deal. investors are betting it might happen. investors betting it won't happen. here's what we're getting from our sources that follow. are these analysts and investors follow this daily. they expect the deal, which is the only real regulatory deal that this deal has. i believe it's approved by the u.s. justice department, antitrust division. if it isn't, it probably will be given the trump administration and they're pensioned to prove such deal. but anyway, we

chemicals that poison our water... and harm wildlife. and millions... are polluting our environment. [ sniffing ] [ seagulls squawking ] >>> you see the dowopping by 61 point almost one third of 1% drop stormy similar on the snp and the nasdaq is seeing a bit of a larger drop.>> a big game tonight at oracle that we hope will and with a big win for the warriors. here with what you need to know if you are lucky enough to head over to oracle and more on the celebrations that hopefully we will see tonight's oakland police officer watson with us. we are talking about that they went comedy of extra patrols plans for the streets and downtown area?>> yes. that's the message we want to share with everyone, we have all of our staffing available in days off have been canceled. every available officer is here along with our professional support staff. that is key. working in a citywide effort with all the city services and just a reminder celebration comes responsible only. we want everyone to be responsible as they are celebrating. we worry about celebratory gunfire in the city. >> i was can ask about that.>> what goes up must come down. we want to