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A lot of Corporate News this morning. First, lets get a check of the bigger market picture. U. S. Equities closed out of correction territory yesterday. A good rally weve seen over the last ten days or two weeks. Sparked, perhaps, some say, when jamie dimon stepped in and bought some shares. The dow called to open down by about 110 points. The nasdaq by 34. Lets have a look at european trade, where we are seeing some red there as well across the board. The ftse 100 is in the red today. Its down 0. 7 , led lower by Standard Chartered, which reported a fullyear loss for the First Time Since 1989. Asia also showing some red today. Nothing too pronounced. 0. 8 declined for shanghai. There are still concerns lingering about china, about the state of global growth, about the state of earnings, which hasnt been all too bright. Well see what the guidance looks like on the consumer names. In other words, the fundamental problems that have been with us since the beginning of year are not complet
In many locations, the 6 plus completely sold out. We will look at supply concerns and whether the large iphones could cannibalize the ipad. Oracle has been billions on acquisitions and has seen modest gains in revenue. Now that Larry Ellison has stepped down we look into the challenges the coceos will face as they try to adapt into the cloud age. First, to the lead. A historic day on the New York Stock Exchange as Alibaba Group started trading in the largest initial Public Offering in u. S. History. Trading began two hours and 23 minutes after the Stock Exchange opened and when it did shares were a hot item. Over 100 million trades were reported in the first 10 minutes alone. Shares nearly hit 100 before closing at 93. 89. It is sitting on a market cap greater than 231 billion larger than amazon and ebay combined. Also bigger than facebook already. What do you make of the giganticness of that market cap . I just made that up. It is interesting that the market digested it so well. From
Huge lines around the world awaited the arrival of the apple iphone 6 and 6 plus. In many locations, the 6 plus completely sold out. We will look at supply concerns and whether the large iphones could cannibalize the ipad. Oracle has been billions on acquisitions and has seen modest gains in revenue. Now that Larry Ellison has stepped down we look into the challenges the coceos will face as they try to adapt into the cloud age. First, to the lead. A historic day on the New York Stock Exchange as Alibaba Group started trading in the largest initial Public Offering in u. S. History. Trading began two hours and 23 minutes after the Stock Exchange opened and when it did shares were a hot item. Over 100 million trades were reported in the first 10 minutes alone. Shares nearly hit 100 before closing at 93. 89. It is sitting on a market cap greater than 231 billion larger than amazon and ebay combined. Also bigger than facebook already. What do you make of the giganticness of that market cap
Awaited the arrival of the apple iphone 6 and 6 plus. In many locations, the 6 plus completely sold out. We will look at supply concerns and whether the large iphones could cannibalize the ipad. Oracle has been billions on acquisitions and has seen modest gains in revenue. Now that Larry Ellison has stepped down we look into the challenges the coceos will face as they try to adapt into the cloud age. First, to the lead. A historic day on the New York Stock Exchange as Alibaba Group started trading in the largest initial Public Offering in u. S. History. Trading began two hours and 23 minutes after the Stock Exchange opened and when it did shares were a hot item. Over 100 million trades were reported in the first 10 minutes alone. Shares nearly hit 100 before closing at 93. 89. It is sitting on a market cap greater than 231 billion larger than amazon and ebay combined. Also bigger than facebook already. What do you make of the giganticness of that market cap . I just made that up. It is