In europe, things have barely budged in most of the major markets. Cac is flat. Dax is up 0. 1 . The ftse up almost 0. 2 . Crude oil prices continued to climb yesterday. This morning giving back just eight cents. But there is a thought that with supplies in the United States experiencing an unexpected draw down, and with more countries looking like they may support saudi arabia in terms of continuing that production cut, we have seen prices that have stabilized well above the lows weve seen earlier this week. Wti trading at 47. 76. Some big corporate stories. Retail wreckage continues. Department store chains taking a major hit. Nordstroms posting better than expected earnings and revenue, but the stock dropped on a samestore sale miss. Theyre the latest Department Store to get hurt by a slump in clothing because of online shopping. Macy shares dropped 17 yesterday during the trading session after Quarterly Results missed. It was the worst day for macys shares since 2008. Well get anot
Matt taibbi live from noon to 3 p. M. Eastern sunday. Now the ceo of doctor on demand, another telemedicine Industry Leaders find out innovation and technology can transform and improve the u. S. Healthcare system your pepperdie University Hosts this event. Please welcome to the stage john figueroa, ceo of genoa healthcare. What an incredible morning. The inside that doctor emmanuel provided regarding the intent results and the future of the Affordable Care act as well as integrated care. And our industry is moving to a valuebased system was fascinating. Equally as intriguing was a description of our complex and everchanging Healthcare System by our esteemed panel of doctors and healthcare administrators. I trust that their years of practical experience and i trust that they have certainly confirmed the complexity of our Healthcare System. And the speed in which it is changing in america. Im going to take a little bit of a different view on some of seeks comments, consider some of the
2. 14. Our road map begins with apple and new product announcements. Did we see anything that would move the needle . Plus a big change at j. Crew. Mickey drexel is helping down. New chief executive coming from quest elm. The president taking to twitter ahead of congressional meetings today. Lots of buzz surrounding apples answer to the amazon echo and google home, the new home pod unveiled at apples Worldwide Developers conference. Heres tim cook making the case for that product. We have such a great portable music experience, but what about our homes . We think we can do a lot to make this experience much better. Just like we did with portable music, we want to reinvent home music. Jim, we got the ar kit, we got amazon on apple tv, but home pod really stole all the headlines. I have the logitech music system. I have the Harmon Carden music system and i have the echo. I would tell you that the echo is really great. You can talk to the echo, but i talk to my wife. I dont need to talk t
To get our attention. Joe, its up 43 in a year. Its been running almost every day since the election. So its not necessarily the best place for your money but it is one of the places for your money and it should be there. Well talked a couple of weeks ago heading into earnings about the importance for Financial Institutions to contribute once again. Understand the russell index, not the etf, iwm, russell index has signature cant ificant exp. Mid 20s. You are seeing the appreciation of financials. Both jim and josh have talked about the disappointment that investors felt a couple of weeks ago. Financials once again with are good. 2 to 10 spread, thats moving in the right direction once again. Tenyear treasury lifting. These are all good conditions for the financials and russell index. Why not . Its its not when i say not the best place why not . It is one of many places. I think to have an overattraction to any asset class, thats not the right discipline or Risk Management strategy. Jim
President trumps address to congress hoping to get more details about tax reform y. Hope you saw senator oren hatch talking earlier today. He said tax reform could be difficult to get done. As far as changing the Current System that is very difficult because democrats are not cooperating. It seems when you get a brand new president you ought to be at least seeing what can be done. They are not only not supporting him but fighting him with everything they got. Many major averages took a small leg down on the comments but not by much. We will see what happens here. You can see shares of the major brokerages both cutting online commissions. We have a fee fight today. All stocks are getting hit hard on the news. You can see Td Ameritrade down more than 9 . We are going to get you details. Panel of Retail Investors to respond to all of this. Im sure are loving these lower fees that they pay for trading. Target ceo speaking exclusively to our courtney reagan. We will delve into those comment