Im michelle carusocabrera, heres whats happening right now. Stocks are trading near their session lows with the dow currently sitting down 99 points. Were going to have full market coverage coming your way. In the meantime, evacuations are under way in california as a Massive Wildfire tears through parts of los angeles county. We are live on the scene ahead. And, take a look live at the floor of the Wells Fargo Center in philadelphia, thats where the Democratic National Convention Kicks off today. Full coverage coming up in just a few minutes. Brian. Well, as you can tell, folks, from michelle and tyler theres a lot going on today including more on this incredible heat wave smacking much of the country. But we begin with apple. And a big call on that stock that is pushing apple shares to session lows, lets get right now to cnbcs josh lipton with more. Josh. Well, brian, thats right. Those apple bulls are getting tougher to find. The reason for the worry, the health of that iphone franc
Afternoon, the outgoing chair now of the Democratic National committee will not gavel in the convention, which is expected to begin an hour from now. This amid the fallout from wikileaks release of thousands of Democratic National committee emails showing officials favoring Hillary Clinton over Bernie Sanders. Prosanders protesters are already out in full force in philadelphia. Well take you there live for the latest developments. Meantime, weve had strategists come on this program and say that the tech sector looks inexpensive right now. But looks can be deceiving. And were going to tell you which single stock is making the entire sector look cheap. Well give you three guesses. Youll probably get it on the second one. Weve also got earnings coming up, from gilead, Las Vegas Sands, express scripts, and Texas Instruments. Well tell you what to expect from those reports after the bell. Yeah, we have just an absolute deluge of earnings coming out this week. Its going to be a very, very bu
Marissa did join us earlier this morning and talked about her future with the company. Take a listen. Obviously any role to date has been working hard on the process to get us this far and now my immediate priority is seeing the transaction through to close while also managing the value of our asian assets so i really got two priorities because its really both of those components and thats what im going to be focused on moving forward and after that, very open minded. Guys, as she said not a lot of Companies Get to change the world. Yahoo did but her broader point was its hard to manage through a large pashift like that at scale. Whats your take on this . Its going to be interesting because verizon is now creating, we all talk about mobile first. Theyre creating something thats a mobile first content ad Platform Company but with aol, tim armstrong, now with yahoo and its going to really be a shift as you just said because all of a sudden a company like verizon might be in the same busi
Were in one of the environments where you enjoy, the sun is shining, we enjoy the lovely market and the u. S. Economy is stronger than the rest of the World Economy and most of the u. S. Stock market depends on growth globally so that the weakness in europe and asia are challenging Going Forward that the market right now is tie jesting comfortably but also getting a lot of help because central bankers around the world have been sprinting money and without Corporate Investment in new plant equipment which remains relatively light it just goes straight into stock price which is is great news if youre a stock investor but its not something im counting on for a long, long time to come. It strikes me that for tech this is one of the interesting moments where even though people are waiting for the sky to fall, the stocks have been, you know, throughout the year, moving all over the place, the strong names in tech still seem strong. Nobody is saying like they were back, i guess, in 2006, 2007
Are to be saving their own country, theres a need for genuine readiness to negotiate and compromise and be president at the next talks. This is the opportunity we would like to offer them. Mark the u. N. Announced it would resume a delivery in syria after they were suspended after a deadly attack on humanitarian convoy. House Speaker Paul Ryan says congress has the votes it needs to override an expected president ial veto of a bill that would let 9 11 victims sue saudi arabia. President obama believes the measure could leave u. S. Officials open to retaliatory lawsuits in foreign courts. For the second time in two weeks, u. S. Bombers flew over south korea in a show of force aimed at the north. Pyongyang recently tested its biggest warhead ever. Im Mark Crumpton in new york. Bloomberg west is next. Emily im emily chang and this is bloomberg west. Coming up, apples plan for self driving car is a tie with formula one franchise mclaren. How about electric scooter maker lit motors . We wil