Hitting the booming world of daily Fantasy Sports. Allegations of Insider Trading. Walk us through it all, domenic chu. Millions and millions of dollars at stake. Thats why its getting so much attention. Many of us play Fantasy Sports, dfs on the daily sites. Lets take you through exactly what the stage is right now. First of all, draftkings and fanduel, its pretty much a duopoly. They control the daily Fantasy Sports world. Thats why theyre so much in focus right now. What is daily Fantasy Sports . Its about a weektoweek commitment. You dont go through a full season. You play against people on a weektoweek basis or enter these contests. What happens is you act as a team general manager. What you are looking to do is finds players. Each of those players, however, has a dollar value assigned to assign them to your team. So you have a salary cap and salarys to work within. Your objective is to create the best fantasy team given the money you have been allocated. Now that means, much like
A driverless car. One could be on your screen within six months. Simon is joining me today. On friday we hit fresh alltime highs, taking a bit of a breather so far, today at least, as we embark on the afternoon session. Its interesting, of course, the s p 500 is up about 6 year to date underperforming, the dow is up about 2 . One of the major reasons to that is 23 of the dow 30 stocks have hit 52week highs, seven have not. So are they now poised to catch up . And can you make money from them . Dom chu is on the case. So, simon, yeah, those seven stocks have not made 52week highs so far, but we looked at them to see what the stars are. Is there a way to help thing out . Because all seven of them, none have gained value since the dow first 4i9 16,000 back in november of last year. Number seven here, which is nike, year to day shares are still down 4. 5 . Theres concern right now. Obvious lir the world cup is kicking out of. Adidas versus nike, but for nike shares they have been a laggard
Philly fed survey and the National Association of home builders. Friday, Housing Starts, productivity and cost and consumer sentiment. The equity picture this morning at least ahead of all that not looking too great. Dow futures 77 points below fair value. The s p is off 10. And this is coming after the dow last week was down for the first time in seven weeks, when you look at the major average for what was happening. A little bit of rockiness out there after a long, steady climb higher. In Global Economic news, japans economy grew at a slower than expected rate in the Second Quarter. Gdp coming in at 0. 6 . Also, Capital Expenditures unexpectedly fell for the sixth straight quarter. Economists say that this is a sign that companies are still not boosting spending despite Prime Minister shinzo abes policies. Been working on consumers at least for the very First Quarter that they were looking at some of those things hasnt translated through to business. In corporate news, u. S. Authorit
Sliding 32 after the hospital operator recorded higher expenses. The is stock is down about the stock is down about 10 right now or 5. 01. Delphi reported better than expected profits but got tarnished by investors after it cut its fore or cast for the rest of the year forecast for the rest of the year, it stands at 54. 99. Now, arguably one of the most closelywatched Earnings Reports of the entire day will be tesla which which reports after the bell. The second these numbers come out, well have them. We also have two of the smartest guys around on love it or loathe it. Tesla, they have very different takes on this stock. Love the car company or hi its really too rich or think its really too rich in its valuation. Even if you dont own the stock, teslas almost stock market theater. Its just so interesting to watch and to hear what elon musk says. He will have a conference call, well be following that, but the second those numbers come out, we will be watching it, the stock moving higher
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