In the market now. Julie very little changed after simultaneous records for the major averages. That is the first time all three have closed at a record its july 26. Taking upo upon is after a couple of games. That is the balancing act that we are seeing. Apple was lower in early trading and it remains lower as we get underway at half hour after the start of trading. In mind that apple shares have rallied about 40 this year. Sos the best rally far and analysts have been positive on introduction of products, including the iphone 10. One small caveat is the shipment date is a little bit later than some expected. That could push some of the sales into the following quarter so that could explain a little bit of the pullback here this morning. The other stories were watching stock wise are nordstrom on report that private equity firm Letter Agreement partners may help fund a buyout to take the company private. The Nordstrom Family said it was considering a buyback in june. The family is not
Are going to get loosening of Monetary Policy from the central bank of england. Markets are not as worried about brexit. S p up 2. 5 . Stocks imagining more than one . Pretty extraordinary twoday rally. We got answers to those questions today. Carney said he was getting ready to loosen Monetary Policy and broaden the boundaries it uses to determine what debt it could buy. That really helped the market to take another leg up at the end of the day both here and there. In terms of bonds, you are looking at the puerto rican bond index . Yes, the latest surge helped by the signing of that puerto rico legislation. Certainty coming on that front and look at bonds over this first half of the year. These are yields on 10year, yields plunging everywhere. The market story of the year so far. One of the storieof the year in banking has been Deutsche Bank getting crushed and continuing to disappoint investors, today, down another 2 2 23. There have been a lot of concerns about this bank from its le
On. Joe 20 out of 30 dow stocks falling. If you look at the s p, energy is the culprit. Consumer discretionary in the green today. Amanda Commodity Prices across the board suffering today. Oil falling below its 100 a moving average for the First Time Since april and that really did take the Energy Sectors down. Torlet are we moving on bonds . Amanda i think im going to start with the stock of the day and that is yahoo monday one of the most leaked transactions we have seen. A 4. 58 ilion dollar transaction. The question Going Forward for yahoo is this simply an arbitrage play and does it settle in and stay here . We were looking at the market value of this company once you strip out some pretty big assets, including its stake and alibaba and its market cap is around x billion dollars. Scarlet lets talk about another company active in active hours. Pandora looking to advise on Strategic Options as it looks to placate investors, shares down about. 6 . Andhedge fund had disclosed almost 1
Close of trading. Lets head to the market desk with julie hyman. How are we looking . Less little change, even than when we talked an hour ago. Very slightly to the upside but the dow is getting four point. The s p up 1. 5 and the nasdaq up 11 or. 2 . It is indeed going to be the 18th straight session. That is oil, oil prices marching. Teadily higher today of 3. 5 a couple of things are going on here. The ideanventory that we have now seen a huge slump in oil. Despite todays gain. As you might expect, stocks little changed, a mixed picture, a lot of red and green. Followed by financials. On the downside, a lot of groups falling today. Care, of course, still earnings season. A lot to talk about within the financials. It part of this story, the Company Earnings beating estimates. Time warner, same situation even though the film studio revenue fell and saw gains in its other businesses and humana. Out with numbers that beat estimates. One stock, biogen. Afternoon, a report in wall street
Slightly. I always thought the yellen fed had a way of not making waves in the market. Despite the fact that apple had a giant leap. Oday that is one stock to keep an i on. Falling bank is concerns about whether the turnaround will deliver. They are still weathering cost but can they, generate enough income from their Investment Banking business to turn the ship around. Board. Lower across the they have whipsawed a little bit in the immediate aftermath. The grind lower continues. The yen is selling off. Everyones looking ahead to big centralbank meeting friday. The boj is up next. , the economy grew faster than expected before the brexit made an impact on the real economy. Economists are looking for gdp to fall this quarter and next. Lets talk about oil. Joe its starting to tumble. It was below 42 at one point today. ,t has been trailing off inventory piling up. That seems to be the story. They moved in the same direction. The story over the last month has been oil declining and the ov