jonathan: johnson controls closes its deal with tyco.s to break it down. ♪ jonathan: this is "bloomberg ." futures marginally positive, the equity market gaining in europe yesterday and the gains continue today for a fourth straight day with the dax up 4/10 of 1%. five days of a strengthening pound. look at the cable rate, 1.3347, positive one third of 1%. the potential the bears begin to capitulate around the doomsday scenario that it is a post-brexit world in the u.k., the data has not been that bad. in the commodity market, where are we? crude has decided to roll over a little bit. in the bond market, it is the core government bond rally, gilt positive. jgb positive as well. 30 year yield in japan coming in at about 3.2 basis points so a decent day for core government bonds but that was up the story last week as we keep things up for another week of central bank speak. activity is not limited to the united states. a $6.4 billion hospital deal is moving shares higher by 4%. $6.4 billion deal. privately owned by management and cbc capit

johnson controls officially completes its cost and tax saving merger with tyco. under the $14 billion deal, johnson controls keeps its company name. the company will based in ireland, tyco's current home, but will keep its north american headquarters in milwaukee. current johnson controls arolil 6% stake in this afternoon. 12 sports director dan needles is here. hopes are high. dan: everybody expects a super bowl in the year in green bay. this will be the first time green bay opens the season against jacksonville. it is expected to be a hot afternoon in florida. the packers got a taste of what it will feel like today when rain forced them to practice inside. a lot?1< of guys were sweating a l, myself included, so we have?o?e?2 replesh our fluidsow. will ly bobaba good test for thgame it wotbend humidbu will be rey to play. dan: the packers are expected be a super bowl contender this rdnelsming up in just a feminuse of?u the season eiwith t onsehead. touhat happens with the badgers. that's this saturday night at 6:30 only right here on wisn 12. kathy: thanks. toni

the new global headquarters will be in cork, ireland -- where tyco is based. johnson controls says it will save around one billion dollars following the merger. the allow them to speed up manufacturing smart technology. happening now --- jury selection getting underway this morning for a man accused of setting a home on fire killing two children. michael morgan is facing arson and homicide charges. deandra corinthios is live from the milwaukee county courthouse with more. 10 year old kevin little...and his cousin 2 year old tae-najah morgan died as a result of the fire.little was the suspect's stepson. gasoline to intentionally set a fire near 36th and silver spring back in october. six children and their grandmother were in the house ..it was the middle of the night. the grandmother managed to get four out.. but then realized little must have gone back inside for his cousin. little was found in an upstairs bedroom...using his body to shield two year old tae-najah an accelerant on the home's first floor, the hallways and in the master bedroom. morgan's estrang

this story as it ve 3 and the controversial merger of milwaukee's johnson controls and ireland-based tyco officially took effect today. buses brought j-c-i employees to the wisconsin center this morning, where company officials reportedly briefed them on the merger. when the deal was announced early this year, there were questions about the future of wisconsin's largest public company. in a new interview with the milwaukee business journal, c- e-o alex mo-leen'-a-role-ee

am low: 69 high: 84 dewpoint: 0 between johnson controls and tyco is expected to close. johnson controls shareholders overwhelmingly approved the company's merger with tyco international back in august. the deal will move johnson controls headquarters to ireland to take advantage of a 150-million-dollar tax break. the company will however continue operating at its glendale location. an esteemed university - with a dark past. how one college is trying to make amends with descendants of slaves sold off to pay for the schoo plus - how a movie theater chain is paying tribute... to gene russ feingold: i'm russ feingold and i approve this message. narrator: listen to senator johnson on student loans: ron johnson: it's just kinda free money, young people don't really, necessarily understand finance. narrator: what senator johnson doesn't understand is, more than 800,000 wisconsinites have student loans. but he wants to eliminate federal student loans and keep interest rates high. kinda free money... narrator: with senator johnson, opportunity for middle class kids would disappe

johnso its merger with tyco in a deal valued at more than 14-billion dollars.the deal gives johnson controls shareholders a 56-percent stake in the company. johnson controls says the merger will speed innovation in fast-growing smart technology now being enabled in devices, sensors, data analytics and controls. i-t-t technical institute is shutting down.. effective immediately. the college says under investigation by the federal government over recruiting and accounting practices. i-t-t has also been ordered to pay $152 million to the feds to cover student refunds and other liabilities. i-t-t has 140 campus locations in 35 states. a special surprise for hundreds of teachers in wisconsin. carole meekins is in the newsroom with a story new on live at 5... thanks charles and shannon as the school year kicks off, a local organization is helping thousands of classrooms-- tonight. the amazing gift that will teachers in wiscsonsin-- that's coming up on live at 5... a faulty air conditioner leads to the early release of students at cudahy high school. the school notified parents and students were se

then there's johnson controls, which is merging with tyco to create the number one building efficiencieslay, wonder if that deal has been consummated. meanwhile, the company lulls shedding the slower growth auto parts company, allowing it to soar. listen to what the ceo had to say about this transaction this morning? >> i think in 18 months or 12 months from now, i think what we should expect is that we will be introducing ourselves to our customers, and if you're in the commercial buildings market you understand tyco, johnson controls. together i think we can do something pretty special. >> it's a fabulous deal, fab lulls company, all because the execs were willing to surrender that are -- maybe you're thinking, c'mon, jim, who can find these companies? johnson controls, eeog, spectra, other than you watch the show, you might not know it, but if you watched the show, you would know it. they're not obvious, i give you that. let me come back with you at a growth thesis. when you hear the feds taking action, you don't just stand there, you reached for the companies that will do well, even

headquarters out of milwaukee.the financial reasons behind the merger and move of johnson controls and tyco. and taking a live look welcome to live at daybreak. it's i'm vince vitrano.and - i'm susan kim.we want to start with a check of your weather and traffic together with meteorologist brian gotter. yesterday was back to work and school, and it was steamy with highs near 90, and a few scattered t'storms late afternoon. showers and t'storms developed overnight, and it is warm and humid with lows in the low to mid 70s. the summer heat and humidity sticks around for today with highs in the mid 80s, and scattered afternoon t'storms likely. heavy rain is likely

this story as it ve 3 and the controversial merger of milwaukee's johnson controls and ireland-based tyco officially took effect today. buses brought j-c-i employees to the wisconsin center this morning, where company officials reportedly briefed them on the merger. when the deal was announced early this year, there were questions about the future of wisconsin's largest public company. in a new interview with the milwaukee business journal, c- e-o alex mo-leen'-a-role-ee and he adds, quote "we're not leaving the community, we're investing in the community." 3 with the end of today's workday, labor day weekend has just begun, and as with any three day holiday weekend, law enforcement is getting ready. ready. this is a live picture from wauwatosa, where the city's police department is holding a special "street corner roll call" at mayfair road and bluemound. several other departments have joined tosa.it's a reminder to everyone that an o- next three days and nights, watching the roads and discouraging drunk driving. 3 3 now a live picture from the construction work will t suspended during t

think about tyco, been there several decades and they have broadened their appeal. arts organizations like maqua, primarily focusing on latino art but broadening appeal. growing fast. recognition the traditional art forms are struggling in san jose but also everywhere. new york and every else. we need to continue to develop downtown, get more residents living in the core. create that sense of urban -- that vibrant urban center we know we can create to sustain the art scene in the long run. >> we wish you well in the next two years on the job. >> it's been a pleasure. >>> i feel like an iguana in heat. >> last month marks anniversary of robin williams' death. deep ties to the region. beloved and familiar figure in the bay area. now a new book by photographer arthur grace. most of the images never made public brchlt collection spans a decade's long friendship. >> thanks for having me. >> you were on assignment for "newsweek dts, how did your friendship evolve? >> spend a lot of time in close proximity on the road. traveling all the time, rental cars, airports, waiting

. >> shannon: johnson controls has completed its merge with tyco, the deal moves the headquarters from milwaukee to ireland. the move cuts the corporate tax half percent in ireland. johnson controls expects to save $150 million a year with the move. >> charles: welcome home. check this out. a wisconsin astronaut's record run in space is coming to an end. jeff williams is on his way back to earth after 172 days in space. he's scheduled to land around 8:15. williams logged more than, i think it was 534 hours in space. that's more than any other er so, yeah, there it is. 534 days in orbit on the international space station. >> shannon: how many days do you think you could go? >> charles: i don't know. maybe that. we'll have to see. several counties under a severe thunderstorm watch right now. >> shannon: chief meteorologist john malan tracking the storms in our area. john? >> john: we have the conditions for some big thunderstorms. the humidity is here, the heat is here, we have a cold front a severe thunderstorm watch, till 1:00 for dodge, washington, zero sack e, sheboygan, fond du lac

so has tyco.ok at where johnson controls is today and where we were three years ago, we divested all of our automotive assets. at that point we'll have an automotive business with the company that will be a cure play automotive. and we'll have a portfolio of products, battery business as long as with our buildings business that's truly a multi-industrial. >> how should we be looking at the success or failure of this deal. you're here for the next 18 months. >> that's right. i'll be ceo and chairman for 18 months. i'll stay on for another year as chairman. but i think in 18 months or 12 months from now, i think what we should expect is that we will be introducing ourselves to our customers. if you're in the commercial buildings market, you understand tyco and controls. together we can do something special. over the next year, what i would expect is we'll have the opportunity but what will be powerful is the combination to be able to do something special. >> part of the synergies is the lower tax bi

we're still waiting to see how significant the impact of a merger between johnson controls and tyco will be on milwaukee.the deal moves the ireland.the move cuts the corporate tax rate the company pays from 35-percent here in the u-s... to 12-and-a-half percent in ireland.johnson controls expects to save 150 million dollars a year. the historic watertower neighborhood association is holding a meeting to discuss the future of pokemon go at lake park.last month, the parks director sent a letter to the makers of the game, requesting "pokestops" be removed from the park. neighbors complained about increased foot traffic and littering in the park. 30 in the lower level of the lake new from overnight.a man brought back into custody in las vegas -- this guy - alsonso perez - is wanted for murder.he was actually already in custody but escaped after breaking out of his handcuffs in a holding room. police think perez shot and killed a man outside of a mcdonalds -- after perez got upset the man didn't hold the door open for a woman.a major question this morning -- what happened with the handcuffs t

merger with tyco international. and it's now based in cork, ireland. the newly formed "johnson controls p-l-c" -- which has its operational headquarters in glendale and milwaukee -- began operations today. the merger creates a company with 30- billion-dollars in revenue and 117- multifamily partners" has a purchased a property near brady street -- and is planning a new 33 unit apartment building. the property on jackson is currently occupied by a small storage building and vacant land... it was sold last week for 675- thousand dollars. for more business news - go to fox 6 now dot com for a link to the business journal. adlib to wx weather warm and humid this chance for showers and t-storms. some storms may produce damaging wind and hail. thunderstorms will continue on and off overnight and throughout wednesday. again, some storms may be strong to severe. a few showers may linger into thursday then expect gradual clearing. warm with highs reaching into the low 80s. another chance for storms friday of the weekend. tonight: scattered rain and thunder. low

like for instance this year we have tyco drums that come out. shawn has seen it before. >> these are incredible. phenomenal. >> and they come out and rock n' roll. we have bagpipers. we have three different bands. i'll be performing, even bette >> what will you be doing? >> there is everything. i'm doing a cool mash up along with kelly, that we're going to pull together a couple rock n' roll tunes that we're going to do together that we've been working on. >> i've been seeing the facebook live rehearsal videos. >> oh, yeah. it's been a work in progress. >> getting to see them do their thing. >> it has been. so we're looking forward to having a really esciting show this year between the bands. we got dancer, a girl coming out doing color guard with all the >> we got a full trance troupe coming out, and you know, it's -- >> 25 bucks. >> isn't it amazing what talent people pull out when you start to ask? >> of course. >> i feel like glorified karaoke singer. but when i get with the band, i come alive. >> and you're among your friends. >> and the co