back to you. >> lori rothman. tthank you so much fo that. great summary. david: joining me now, "barron's" senior editor jack how much. the news from fox business, from sasan francisco, i thought he ws kind of doveish, saying there were be at least two more rate hikes. is that what is weighingng on te market? >> i don't think so. i think it is earnings. david, 8% drop across the market inarnings this quarter. you can say subtract oil and you still have a round of drop of 4% in earnings. looking later in the quarter, fourth quarter, analysts are looking for big rebound, miraculouscomback with double-digit earnings growth. that is what it looks like for every quarter. that is what it looks like every quarter going back several months. as we get closer to the date, again and agn earnings estimates fall apart. this will be our fourth consecutive quarter of earnings decline. that hasn't happened since the depths of the global financial crisis. there is just no growth and 18 times earnings. david: reason why earnings are going down, people are not buying what co

lori rothman on the floor of the new york stock exchange with those numbers. lori, what do you they look like? >> this is fairly significant report from intel, melissa. not only earnings but announcement after 1.2 billion dollars restructuring plan. so ahead on eps and just about in line. intel is reining in its forward guidance and once again announcing a huge restructuring plan which includes layoffs of 11% of its global workforce. that is 12,000 workers. so the big picture here, for intel, is its transitioning itself from a chipmaker that supplies pcs, which as you know is a shrinking marketplace, to the cloud. we'll leave it there. by the way shares are halted as you see on the screen. we're hearing they will not be reopened for trading because of the gi-normous news release until 4:20 eastern. melissa: wow, lori rothman thank you. david: back to the democratic race for empire state. hillary clinton casting herbal lot as you can see in her home state while bernie sanders met with supporters on streets of new york city. fox news's ed henry is in the newsroom

lori rothman at new york stock exchange.hat is the story behind that deal,. >> justice department is preparing to file a lawsuit to break up the proposed merger between halliburton and baker hughes. look at the shares. halliburton up 1 1/2%. baker hughes is coming way down off 4.8%. you recall this deal was first announced back in november 2014. it is $35 billion combination. but the justice department says it breaks antitrust laws. not in favor of it. both companies offered to sell assets. but the justice department was not satisfied with those offers. waiting for lawsuit to be filed by u.s. regulators any moment now. liz, back to you. liz: lori, thank you so much. with many deals in complete and utter jeopardy, would you stay away from stocks involved? guess what the answer with my next guest is absolute no. the pfizer allergan deal, which may be abandoned is something that mark luschini actually likes, at least one part of it. chief investment strategist at janney montgomery scott. you told us this morning when we were pl

. ♪ ♪ >> i'm lori rothman on the floor of the new york stock exchange with the fox business brief.trial average right now, 17, 990, up 93 points. watching this minute by minute to see if we can close above that key psychological level. the s&p 500 right now is up 12 point toes at 2092. now, prices are stabilizing here after an oil worker strike in kuwait slashed the country's output by more than half. major oil producers failed to agree to cut output over the weekend. check out morgan stanley shares, up about six-tenths of 1%. the wall street bank's first quarter profits crumbled by more than half. now, a key metric, return on equities, came in at 6.2%, missing estimates. much more "countdown" coming up right after this. every year, the amount of data your enterprise uses goes up. smart devices are up. cloud is up. analytics is up. seems like everything is up except your budget. introducing comcast business enterprise solutions. with a different kind of network that delivers the bandwidth you need without the high cost. because you can't build the business of tomorrow on the networ

lori rothman at. >> we're waiting for yahoo! and intel. a whole lot ahead of the report. here is what to expect nonetheless. big from yahoo!, update on bidding. yp.com, yellow pages.com and verizon coming through as main bidders. everybody is getting ready to walk up to the balcony for the closing bell. chinese assets, alibaba not even been spun off yet. this will be a whole lot of news here coming out on yahoo!, in terms of numbers, seven cents a share. that would be down from 12 cents a year ago. intel shares down 8 1/2% year to it today. challenging of shrinking pc market and smartphone industry. liz? liz: intel has been stuck in the range about 38 years. i'm exaggerating. thank you very much, lori. >> the new york primary is also called the wall street primary. "new york times" actually called it that today. of course we're the financial capital of the world voting today. a lot of candidates in effort to garner hot votes are bashing wall street. let's bring in former wall street honcho, bothered by something else. joe grand know, forme

lori rothman had mentioned it was up abo 17%. i'm looking now, up about 15%.y what in this last 45 minutes? >> well, i don't think it's necessarily the last 45 minutes. this has b been a risk-off trade all day. and if you look at the vix while itit is up, it is still historically lowow, and i think very much suggests that ththe market is not priceded in for a bibig move to the could be side. downside. since e fomc, we've seen stockso nowhwhere but down, and the fed really had nothing to say but goodod about the economy. the stock market does not like a confused fed. liz: oh, isn't that true. peter barnes has an exclusive interview w with the head of the san francisco fed that's coming up in just a about 25 minutes on "after the bell" with melissa and david, and in it he reveals he feels there's still a couple more rate hikes that are in play here. dodo you agree, because it seems some say yes with the fed, some say no. ain, thahat confusion that todd was talking about. >> clearly, the gogood news yesterday was that the fed was giving the market a free pass on

let's go to lori rothman on floor of new york stock exchange. what is driving stocks today? >> melissa, what stubborn resistance at the 18,000 mark. i think it crossed the mark something like 40 times. we did close above 18,000 for first time really in quite a while. the driver was oil and earnings. you have oil coming down. real interesting oil, energy, material stocks were among the leaders in the session today. as you know oil and stocks have been moving in tandem. we're starting to see that separate that is key. cheap oil looking better for economic growth. we can go on with that debate. oil was really a driver. it pared earlier losses. still down a percent and change but oil moving in the other direction. and then earnings, hasbro came out easily beating expectations because of disney, "star wars"-themed toys. disney, lifetime high today. number one on the dow. huge success with the "the jungle book." people went wild bit. going into earnings look luster at very, very best, generous term, right, may be not as bad in certain sectors as predicted, guys. melissa: sounds li

nonetheless we're getting breaking announcements right now from bg partner strategist, very own lori rothmanhere live from the floor of the new york stock exchange. traders think this thing has legs? >> it's hard to tell. but i will tell you, trish, from a technical perspective we broke support levels on the s& s&p 500 we're above 2092, 2094, the s& s&p 500 itself is up 14 points. we're seeing the direction of oil and the direction of stocks moving opposing directions. and this is very important because as you know for months and months, the two were moving in tandem. chevron is one of the leading gainers on the dow right now. so i think it's safe to say investors here folks on the floor excited about earnings. as you know quarterly earnings are expected to be not so great. negative single digit permitting move from the prior quarter. with that said, i think so far they're coming in a little better. so any time you see a little -- trish: okay. glass half full. >> right. trish: but devils advocate here because i look at this and i say you've got an economy that's still in no-man's-land. you r

live from the floor of new york stock exchange, i'm lori rothman with your fox business brief.es of group upon, daily deal site having a nice day. stock has been down over who% last three months here -- 40%. good news for groupon, got nice investment. private $250 million investment from former cfo comcast who will join groupon's board. they will do some deals and other business with comcast. comcast shares are off .3 right now. pfizer, merck, health care as a sector having strong performance. 2%. 1.6%. apple is one of the leading gainers on the dow. shares up 1 1/2% for apple. but dragging the dow lower, consumer discretionary a problem in the sector. nike, for example, off more than 3%. ge down 2 1/2%. cisco off .8. more "coast to coast" after this. >> most dangerous man alive right now in my opinion. [applause] running around, didn't you read history books. you don't want nuclear proliferation. you want fewer, not more nuclear weapons. neil: most dangerous man alive. i'm sure like me, is joy behar talking about fox news radio host tom sullivan? no. she is talking about donal

i'm lori rothman with fox business report.s l you havep instor not looking to take a whole lot of risk today. glal growth concerns coming back in as major worry here. let's look at lf stocks. you know the masters gets underway today, and most lower with the exception much nike. nike shares up a quarter of a percent. look at dicks, off morthan 2% right now. here isomething interestin if youlot golf related and sports related shares agait performance of s&p 500, they virtually mirror one another. golf stocks, sports stoc, s&p, in tandem. your golf game may determine future of stocks? not really but fun to look a patterns. stocks are down,he dow off 121 points despite better than expected initial jobss repororts coming in this morning. join "cavuto: coast t to coast." neil:: we have that new video coming out of brussels that seems to show the suspect, remember the guy in white who was leaving on the street, we don't know where he went. the fact he was le to run out of the airport, in fact two colleagues died in those attacks in b

lori rothman with your fox business brief. stocks rebounding after a week of losses.o have oil back up little bit by about 1%. look at dow, up 68, off the best levels. but we still have a few hours to go before the session in the books. nasdaq up .3 of 1%. shares of under armour struggling a little bit. guess who under armour sponsors? justin spieth. he had that fantastic meltdown, if you want to call it that at the masters this weekend. shares down 5%. here is the real reason why. you may recall on friday, under armour split its talk two for one. jordan spieth. i got the name wrong. shifting class-a shares to b with a dividend. pretty common for shares to fall off a couple sessions after that happens. "coast to coast" continues after this. >> "chart of the day." neil: we spare you no expense to bring you this sort of news. coca-cola, bow whiched report by value stock, those being used around the world, products used around the world. mcdonald's seeing it in coca-cola we were there showing this chart, in and all of all-time highs as was mcdonald's. keeping with some o

. >> very good afternoon, live from the floor of new york stock exchange, i'm lori rothman with a foxiness brief. for the dow today the magic number a 18,312. we're less than a two points away from the dow all-time closing high last reached a year or so ago. you can credit crude. crude is flying today. all talks about inventory data report, chatter about a meeting with output producers in russia, but really, really simple. you have a contract expiring today. everyone is racing to get on the right side of that closing contract price. with our rally we do have stocks hitting all-time highs today. estee lauder, the makeup company, neil send, even though they're down a little bit, they hit all-time highs in the session. american water works all-time high. lower at the moment. let's look at yahoo! after reporting slightly better than expected optimism. more after this. neil: president obama met with the king of saudi arabia. that probably went really well. they're furious about the fact there are 28 redacted papers in the 9/11 report, that trace saudi arabia, some high officials in saudi a

i'm lori rothman with your fox business brief.ff on renewed concerns about the pace of interest rate hikes from the federal reserve. managing director of imf christine lagarde expressed more concern about global economic growth. there you have it, as leading indicator, check out the dow transports. they're way off and have been down for a couple of sessions that tells us there may be more losses ahead. check out shares of disney, down 1.8%. big surprise in the c-suites chief operating officer, heir apparent, thomas staggs over at disney will be leaving the company. valeant pharmaceuticals, look at that top, 10.25%. the stock has been in the news a big warning couple weeks ago. shares down considerably. an accounting review finds no issues. "coast to coast" continues. neil: all right. looking at disney's stock it is still sinking after yesterday. thomas staggs, some considered to be bob iger's heir apparent is not so what happens now? this routinely comes up at succession time but he is out. what is going on there? dagen is with us

. ♪ reporter: good afternoon, live from the new york stock exchange i'm lori rothman live with fox businessef. the dow faded. it is up just about 15 points after being up as much as 99. s&p is holding up in the green but nasdaq down 27 points. technology, tech-heavy nasdaq the problem ahead of key earnings from yahoo! and intel being reported after the close tonight. talk about gm. gm is holding up nicely despite a bit of a drop-off in global sales in the first quarter. shares up 1 1/2%. over the year gm is off 7% but the car company said it sold 2.36 million vehicles around the world in the first quarter which is down about 2 1/2%. so there's that for you. amazon, twitter, google, all struggling. netflix, see huge swings of netflix on back of earnings. big miss last night. ♪ neil: all right. two of my favorite people, but at least right now, two of my favorite people, dagen mcdowell, joining me. of course you know that young lady. of course michael block. i kid you not, i get trading partners writings, missives. it is brilliant. seems like often arcane expressed in english, as well. two go

i'm lori rothman with the fox business report. headline of the day, the dow flirting with 18,000.ready crossed that milestone mark earlier in the session. as you can see we faded off. still a nice rally underway. the dow is up 78 points. look at the volatility in the dow. a rally underway today, despite falling oil prices. that is important. oil and stocks rise in tandem, not so much today. you can see chevron is up 1.25% despite falling oil. off the price of crude down 1%. walt disney leading the dow today up more than 2 1/2%. jungle book, everyone was wild about jungle book. that is lifetime high for disney. some winners, visa with nice price target increase to 93. that could be a good buy. home depot another lifetime buy. more "coast to coast." it's intelligent enough to warn of danger from virtually anywhere. it's been smashed and driven. it's perceptive enough to detect other vehicles on the road. it's been shaken and pummeled. it's innovative enough to brake by itself, park itself and help you steer. it's been in the rain... and dragged through the mud. the 2016 gle. it's wh

reporter: good afternoon from the new york stock exchange, i'm lori rothman with your fox business briefs are rallying but airline stocks are not taking part today. deutsche bank came out this morning and downgraded the group, citing a slowdown in corporate profits, perhaps leading to weaker demand for business travel. look at that, delta off 3 1/2 points. united continental down 5 1/2%. at the moment if you did still want to buy airline stocks analysts at deutsche bank say buy domestic carriers that benefit from leisure travel because consumer spending happens to be holding up. names like southwest, jetblue and spirit airlines. all right let's take a quick look at shares of chipolte mexican grill. the stocks victim of a downgrade from goldman sachs, cutting to a neutral. cut the price target to 500 from 550. stemming from ongoing food safety concerns. much more "coast to coast" after a quick break. charles: leaders meeting to discuss ways to stop nuclear threats just as north korea's flexing its muscle missile. missile muscle. peter barnes with more details. peter? reporter: hey, charle

live from flashing of new york stock exchange, i'm lori rothman with your fox business brief. in rally mode. gains have seated site. couple hours to go to the closing bell. it is all about the banks today. key earn, this week giving a nice lift to the sector. bank of america leading the way. shares up 2.25%. bank of america reports adjusted earnings per share meets expectations. revenue fell short because of trading declines and low interest rate environment. wells fargo, as you can see, is down about .4 of a percent. this is holding further gains in the financial sector, down here today. down in profit. they had to set aside like a billion dollars, wells fargo to cover bad loans. show you tech stocks. tech is doing all right. amazon rallying for 5th consecutive day. amazon down. "coast to coast" continues. neil: find out first how we're spending. >> neil, where are we spending our money? we're spending our money on wars. we're spending on big tax breaks for wealthy corporations. neil: how do you feel about spending money on medicare and social security? >> that is our budget,

lori rothman mature fox is a worry. the dow kind of knocking on the door of 18,000.ays to go, but 19 right now. 142 points for a 10th of 1%. broad market that recorder with% and the nasdaq up half a percent at the moment. one thing investors look into our son comments put out by the international monetary fund kind of pressuring european partners to give greece a break on its overwhelming dad. we will see how that unfolds throughout the session. oil is looking at the price of cruz. the days three and three-quarter% gain. not a winning note today is our backs down about 3%. deutsche bank with $64 to 70. we will get you back to "cavuto: coast-to-coast" after this. neil: welcome back, everybody could the dow up 137 points. things are getting a lot of scrutiny this week. that is not all, but a good number of them at the same time. a lot of folks are concerned about funding. we are keeping an eye on all of it, but by and large the market is doing a-ok. if it doesn't do okay, you can just get drunk. not that we would want you to do that. the man behind saddam on. if you lo