Good morning, everybody. Is the day before the fourth of july. I am Erik Schatzker and Stephanie Ruhle is off today. Lets begin with breaking Economic News Michael Mckee is beside me with i sm nonmanufacturing numbers. Can you stand more numbers . Comes in just about as expected. We were expecting no change and we get 56 even. You look at the details of the report and the business at tibbetts he indicator, their version of production comes in at 57. 5, down from 62. 1 but the new orders index goes up. You will all be surprised to know that the Employment Index went up. It would have been helpful to know this going into this. News and notty good change in prices. Those looking for inflation, theres not owing to be a clue in here. We will have a conversation about that right now. You will be part of our roundtable and so is rick reader from blackrock. From bloomberg businessweek. Sm nonmanufacturing number and add the eye is some manufacturing data earlier in the week and most importantl
Offer that boosted the deals with 5 million. We look at the risks they face as they try to live up to the hype. Figuring out which Health Insurance plan to choose can be confusing. We speak with an hr startup designed to help employees choose the best health care coverage. To the lead, apples new iphones are off to a fast start, setting a new record for Opening Weekend sales. Apple sold more than 10 million iphone six and six pluses, beating the five and five c by a million. We manage the manufacturing rent better than before, we couldve sold more iphones with better supply. We are working hard to fill orders as quickly as possible. The phones went on sale in nine countries, able go on sale in 20 additional countries later this week. One place that will not be happening yet as china, where the new phones are delayed. When will chinese consumers be able to get their hands on them . Joining us now, cory johnson. I have been playing with my new phone over the weekend. The iphone 6 in gold
Announcement. Oil bidding analyst estimates. Feeding off it until we got last night, beating saying a bit of a troughing. Asml equipment which makes the chips for intel. Alibaba. Lory from up managing to wrap advertising. Working and ibm together to create apps. These are companies that have been feuding for a good three decades. Bowl adveas the super rt. Liked it. Rs byebye library. All that and more. We are talking about china. They have released the latest check on the economy with Economic Growth accelerating. Better than estimates. Is this an economy that is restructuring to you . I think we have to dig deeper. The headlines figure 7. 5 . How they got there is another matter. You look at the dear the year to date. Pricing that the country would be expanding. The median estimate was 7. 4 . The expansion quickened the first time in three quarters. Two opposingg at forces. We have this pulled down by this big and sharp drop. On the other hand you have what economists have targeted ca
That directors and shareholders are standing up a much stronger way than before. It is not always accountability that will come for a prosecutor or regulator. You have this massive breach at a lot ishat helps how people see how a ceo who did not prevent against it lost his job. That means something. It is not just enough to hold the id person accountable. But when people think their entire ability to run a companys way to be in jeopardy because they are not warning against this risk that people of been warning about for a long time, that is something new we have not seen in the last few years. We have to end it there. Thank you so much. [applause] Erik Schatzker with the Southern District the attorney for the Southern District of new york. Bottom line starts right now. Ati am Mark Crumpton of the World Headquarters in new york. We have full coverage of the stocks and stories making headlines today. We begin with our chief washington correspondent it are good ideas of the white house as
If it holds. It could lead to a rally of sorts, and thats exactly whats happened here in the last hour here. We have a sense this was coming from the european session. You would have gone through the news flow about aid for Banco Espirito, some of the geopolitical stuff thats extremely troubling. Things would look different today. Not the case. Even oils struggling to catch a bid. Investors are awaiting a key Earnings Report from aig, due out in about an hour. It has a new ceo coming in less than a month and is trading at idiscount to peers. The numbers could definitely move the stock. Well have the information first and your analysis right away. All right, also, the president taking more shots at some of his favorite targets, namely wealthy businesspeople. I mean, if youve been watching television today, you know what he said. If you havent, then you will hear more of those comments where he told ceos essentially to stop complaining. Plus, well take a closer look at the president s re