Closer to the mainland. Wrapping off the iphone 12. It is bigger, pricier, and supports 5g. It could trigger a wave of growth. Lets get a check of the markets. We are seeing u. S. Futures under pressure at the open. This after u. S. Stocks retreated from sixweek highs during the regular session. Prospects for us fiscal for a fiscal stimulus have remained stalled and we have mixed corporate views. The s p 500 lost 0. 06 , nine sectors were down. Financials leading the declines. We had a positive start for Bank Earnings but they went south of her investors took a look at reserve relief and Regulatory Risk. 0. 1aq composite, down percent, apple shares tumbling after the release of those latest iphones. Giving up some of the big gains we saw ahead of the event. Oil is under pressure, but still above the 40 per barrel level. It held onto gains in the new york session. This after data from china showed robust crude imports but we did get an executive director shuttered restart of output may
High end model with the biggest screen yet but shares are slipping after yesterdays big gains. Banks but are in the red a busy afternoon 59 minutes left of trade the dow down 157 or so. Lets get to the big stories. Josh lip ton has the latest from today as apple each. We have the latest on eli lily and we have the Broader Market action josh, apples shares are slipping today, but still higher so far for the week. Wilf, apple bulls will argue what you saw today is the start of a new iphone super cycle. We have to wait and see whether consumers though are just as excited. Tim cook introducing the companys first new 5genabled iphone, the iphone 12. It will be available in four versions, different sizes starting at 699 for the mini, which has a 5. 4 inch display to the max, which has a 6. 7 inch display and costs 1,09 9. The transition from 4g to 5g is complex. Some argue 5g coverage is spotty right now. Though it could act as a catalyst helping to bring the technology to the mainstream won
Joe, its these mnuchin headlines getting something done in terms of stimulus by the election, he says, is tough. That caused a bit more of a selloff in stocks and it underscores why the nasdaq continues to have a bit under it yes, it does clearly and youre also seeing a little bit of a fallback in yield, scott. The tenyear is pushing back towards 70 basis points, somewhat troubling, i would think the market needs a little bit of some of the Forward Momentum that its been carrying in the last week or so to really cool off a little. I think we were getting a little too vertical in the way we were appreciating so the negative news that youre getting on the stimulus aligns with maybe a much needed little bit of pause in that rate of appreciation im not overly concerned by it. Yeah, rates are falling you see it there 71 basis points is where we are on the tenyear, an issue to deal with, tiffany, or perhaps the message in the fall. Everything is coming down on the mnuchin comments but its mo
Digital sales. More on that in a moment some hope on the vaccine front as well to mention j j entering trials with 60,000 volunteers though cases rising in many states here and abroad down 450 points. A sharp selloff in half an hour as kelly and frank were discussing on the show well speak with Ceo Marc Benioff well discuss how the pandemic changed business and his thoughts on oracle and tiktok deal plus more walmart is hiring tens of thousands of workers well speak to fubu founder and shark daymond john the stories were watching, mike santoli tracking action, sara with a look at nikes quarter mike, lets kick things off with you. Down 2 on s p. It seems as if really this rolling correction period in september has Unfinished Business to it didnt seem news driven though incrementally coming into the week, weak seasonal patterns a general sense if you were talking about an economic recovery, you werent getting fresh confirmation of that day to day of course nasdaq is in sell the rallies m
Reporter the county is performing contact tracing. The story i was looking for is that so far to our understanding, theres no hospitalizations, so far people are doing well. Reporter the past chiefment services, she said outbreaks in childcare facilities are expected. Its not surprising to me. Is likely people are coming in close contact, you younger age groups in general. Its hard for them to socially distance. Reporter she said children are successfully able to fight covid19, they are more likely to pass it on to others and be sidelined. They are doing okay with it but they can transmit it to grandma and grandpa. Reporter like Sonoma County, many are pushing for reopening schools. Reporter we have not hurt k 6 in person education. Reporter Sonoma County is in a purple tear for reopening, the lowest category. Heres a look at the numbia health department, 16,000 children under the age of five have current contracted the coronavirus. That is only 2. 2 of the total number of cases. That