Caution is in the air on Wall Street as a very bullish June begins to draw to a close, with U.S. stock futures pointing to a near flatline open.Morning Briefread more
Allergan shareholders will receive 0.8660 AbbVie shares and $120.30 in cash for each share held, for a total value of $188.24 per Allergan share.Biotech and Pharmaceuticalsread more
"What else do you have to do that will actually have to affect the Iranians' calculus?" said Amos Hochstein, who served as U.S. special envoy for international energy affairs...World Politicsread more
Reports of tensions may have been sparked by Kraft Heinz's underperformance and because of accounting problems at the packaged goods company.Investingread more
SpaceX used its high speed boat called "Ms. Tree" to catch the nosecone its Falcon 9 rocket after Monday's launch.Investing in Spaceread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
FedEx sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese...Traderead more
The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Citi Private Bank says it has maintained an "overweight" stance on stocks in China, Hong Kong, Taiwan and South Korea.Asia Marketsread more
Stocks in Asia slipped on Tuesday, while investors looked toward a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to happen later in the...Asia Marketsread more
James Lee Witt, who headed the agency from 1993 until 2001, commended Trump for signing a disaster declaration last week to offer federal assistance to Texas. He also applauded Trump for planning on visiting Corpus Christi on Tuesday.
People need to know the federal government will be there while they rebuild, he said. Clinton always visited major disaster sites to reassure people, he said.
"I think President Trump is doing the right thing," Witt told CNBC's "Closing Bell " on Monday. "I would like to suggest he might visit a shelter if he had time to visit with victims. I think that would add a lot of hope to them that are in some of those shelters just to tell them he's there for them and the federal government is. I think that would be a big difference."
Witt expressed confidence in FEMA Director William "Brock" Long, who began his tenure in June. Before joining the agency Long served as executive vice president at Hagerty Consulting, an emergency management consulting firm. Prior to that, he served as director of Alabama's Emergency Management Agency, where he coordinated 14 disaster responses.
"He knows how to do it," Witt said. "He knows how it works. And I think his leadership will help FEMA and the FEMA employees to work together in a way that's going to make a difference in this response."