Stocks and a retreat from record highs in the premarket. Amex, nike, and apple are all leading the dow lower. Plus, a big change at the top of American Express. Ken shenalt is stepping down after 17 years at the helm and 30 years later, lessons for black monday for todays stock market as stocks continue to break new ground we are set to open lower after wednesdays rally, in which the dow closed above 23k for the first time in the meantime, two dow components out with Quarterly Results this morning verizon posted revenues above consensus, helped by some Strong Performance in smartphones travelers, better than expected results, although it did suffer 700 million in catastrophic losses related to the hurricanes, harvey and irma. This nike downgrade, guys, is going to take some wind out of the sails, too you know, its funny. I question the value add of the downgrade. Which is, by the way, goldman. And the reason i question the value added, theyve got a big Analyst Meeting come up. Its all
On Bbc News At Five. A former royal marine, Ciaran Maxwell, has beenjailed for 18 years for supplying bombs to dissident irish republicans. Plans to recruit an extra 21,000 Mental Health workers in england over the next four years, have been announced by the health secretary. Downing street has insisted that Free Movement of people will end in march 2019, when the uk leaves the european union. And real madrid superstar, Cristiano Ronaldo, has appeared before a court in the city accused of tax fraud. Good evening from Tyne Cot Cemetery in belgium, where commemorations have been taking place to mark 100 years since the start of one of the bloodiest battles of world war one. Over three months, british and allied troops fought with german soldiers in what became known as the Battle Of Passchendaele. In the fields around this cemetery, around half a million soldiers on both sides of the war were killed, wounded or went missing. Prince charles, along with the duke and duchess of cambridge, j
Good monday morning. Welcome to squawk alley. Were at post 9 this morning jon fortt is off this week also joining us on the phone today from morgantown, west virginia, is kara swisher. Good to have you with us this morning. Busy day this morning merks ceo stepping down from the president S Manufacturing council. Weve been looking at that story. Good morning. Heres a statement from ken frasier of merck our country strength stems from the diverse contributions made by men and women of different faiths, race, sexual orientations and political beliefs. As a matter of pefrnl conscious, i feel a responsibility to take a stand against intolerance and extremism. That resignation by ken frasier of merck did not go well with the president who put out a tweet shortly thereafter, really within the hour saying that now that ken frasier of merck resigned from the manufacturing ago council, hell have more time to lower ripoff drug prices so the president going on the offense here against ken frasier
Tuesday had his front window smashed that could be assigned as she was able to get out not there at the point would have let all that water go so it will be rising once again from moms of the search for her daughter will continue the show is always telling us that might be when they have on bay to push with an all hands on deck search to find her. Grant l about half an hour ago the person name is kenneth his 32 years old from san jose looking in ariels of searching from the start time ago the search is focused and south of the dumbarton bridge by that time there is no sign and of him after a berkeley couple and their to pass for found dead inside of their home theres still many questions as what went wrong cant knock. J. R. Stone several complaints about the apartment complaints about the smell of burning rubber is a belief that some sort of a generator was being used inside the apartment in this is rule or monoxide poisoning was not to blame the never would saw wood says she is not aw
If if reporter theyre not shot at all the president s call for a ban on muslims during his campaign trail they believe he is making good on that promise they do however said they do not plan on standing by and watching it go into effect this his first week in office and aluminum executive order will affect the refugees then expected to men in announcement tomorrow the council on american as mom galatians believe immigrants will not be even more fearful that include building all wall on the Mexican Border in this house and the floor refugees in the country. Tsk tsk tsk tsk in his settlement announcement during a visit to the department of homelands the caribbean gov. Jerry brown will just the changes a washington and how california is bracing for emigration battle. Grant l in his home in the bay area which have several centuries cities which the debt undocumented immigrants he was a fortified time will for his arrest of highprofile shooting death of kate steinle he said the opponent wil