Megyn Kelly Moving to Primetime at Fox News After Maternity Leave

Megyn Kelly will be moving to Fox News' primetime lineup after she returns from maternity leave. Credit: Andy Kropa/Getty Images
Post-baby promotion! Fox News Channel announced on Tuesday, July 2 that host Megyn Kelly will be moving to their primetime lineup after she returns from maternity leave.

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"Megyn is an exceptional talent who has successfully filled and surpassed each role we have given her at the network," Fox News chief Roger Ailes said in a statement to Business Wire. "Her ability to command the screen, delve into the facts and lead a debate is what makes her one of the most sought-after anchors in the business."

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Kelly, 42, who is set to go on maternity leave later this month for the birth of her third child, said she's looking forward to her new role with Fox News.

"Roger Ailes hired me nine years ago when I was new to this business and he had little other than instinct to suggest it might work out," she said in a statement. "I was grateful to him then, remain so today, and am excited for this next opportunity."

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Fox News has yet to announce which primetime slot Kelly, who previous anchored the daytime news program, will be taking over. The network also announced, however, that they have renewed long-term contracts with Bill O'Reilly, Sean Hannity, Greta Van Sustern, Shepard Smith and Bret Baier.

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U.S. stocks: Moving up after extreme volatility

Investors are on edge as global market volatility continues. The Shanghai Composite dropped as much as 5.6% Tuesday before bouncing back.

U.S. stock futures were up by more than 0.5%.

The markets are coming a big drop Monday amid the continued uncertainty about China and when the Federal Reserve will ease its stimulus. The Dow Jones industrial average fell by nearly 1% Monday, while the S&P 500 and Nasdaq each lost more than 1%.

The uncertainty is reflected in a nearly 25% rise in the CBOE Market Volatility Index (VIX) so far this month.

The markets have been taking their cue from China, where stocks have been dropping based on concerns about tighter credit conditions.

But comments attributed to a People's Bank of China official helped take away some jitters. The official was quoted by several publications as saying that the bank will keep interest rates in check, and that seasonal forces that have driven them higher recently will fade.

Following the comments, the Shanghai Composite index, which was down as much as 5.6%, recovered to close just 0.2% lower.

Still, the ups and downs have analysts worried.

"Volatility is very pronounced," said Carter Worth, chief market technician at Oppenheimer, who is telling clients to start selling.

"If this kind of volatility is taking place, there is a change in the wind. That doesn't mean we are going to see a bear market or a crash, but upside is limited and downside is unknown, but very real," he said.

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Meanwhile, investors will have some fresh U.S. economic data to sift through.

The S&P Case-Shiller index, which tracks home prices in the 20 largest U.S. markets, will be released at 9 a.m. ET, and the government's report on new-home sales for May is due at 10 a.m. ET. The Conference Board releases its monthly reading of consumer confidence at 10 a.m.

On the corporate front, Barnes & Noble (BKS, Fortune 500), Carnival (CCL) and Walgreens (WAG, Fortune 500) will release quarterly earnings before the open. Gunmaker Smith & Wesson (SWHC) will release fourth-quarter results after the market closes.

European markets were making significant gains in morning trading after taking a big fall Monday. Germany's DAX index took the lead, rising by just over 1.5%.

Asian markets ended with mixed results after a volatile day. Like the Shanghai index, Hong Kong's Hang Seng also dropped during the day, but closed with a 0.2% gain. The Nikkei in Japan ended with a 0.7% loss.