Space, facebook, the stock jumping after the social Network Announce the a Payment Service operating across all platforms straight to kait rooney in San Francisco with the details hey, kate. The social network is stream lining the Payment Option was facebook pay think of it as a wallet on facebook, lets you send payments to friends and shop on whats app and instagram this is the latest sign of the tech giant push into payments. We saw a little bit of that with libra and the ambitions in cryptocurrency but whats app and Facebook Messenger have not seen huge adoption when it comes to the current payment methods. Analyst tell me this is way to get the apps working together seamlessly and the hope is theyll be more engaged. Facebook is partnering with paypal and stripe on the back end and still support credit cards and paypal checkout. Analyst tell me this could be a positive for paypal since its a partner in the announcement. And facebook pays seems to be more focused on ecommerce than pe
Chip stocks soaring as President Trump eases the ban on huaweis purchase of u. S. Products. Weak manufacturing and Construction Data keeping the gains in check today joining us for the hour to break down the Market Action is lindsey bell from cfra good to see you again. Good to be here. Feels like a market that had a lot of good news baked into it already. Yes it did. I was surprised we held on to the gains for as long as we did. I thought we would get a sell the news type of thing sooner. I think the weak Economic Data not only here in the u. S. , but also in europe and china, really gave the market what they wanted in the terms of the potential for a fed rate cut next month. One day phenomenon or does this selling have some staying power . You know, i got to say, i think it is going to be a little choppy through the month of july, especially as we get into earnings season. We see how tariffs are impacting companies on the ground. Yeah. It is interesting, youre going to get earnings s
First day. Different story for valeant. The pharma giant taking it on the chin on a report by a short seller. Western digital buying sandisk. The tech stocks that could be next on the chopping block for the next to be acquired. And scott wapner just talked with carl icahn. Hes taking his activism to a whole new level and realm targeting Corporate Tax reform. But we begin with the red hot ipo of the day, shares of ferrari are revving higher on their first day of trading. A bit of a rally in stocks overall. Were sitting at 12,290 but just earlier today we cracked above that 17,300 mark for First Time Since the august flash crash. It seems like were tracking for the best percentage gains since october of 2011 for the dow and the s p, bob. S p is up 6 for the month. A little bit of a stealth rally. Really tina there, is no alternative, no other places to put your money right now. I want to start with the ferrari ipo. 48 to 52 was the price talk. It priced at the top at 52. It opened at 60.
Financial institutions from doing business with them. Now, this is the second stage of the u. S. Response at least that we know about. We remember after the sony hack in advance of the release of the interview movie. The internet went dark in north korea for awhile. The u. S. Government did not deny that it was responsible. Jack lew said in a statement this is part of a range of responses the United States is making to try to show north korea that its not going to tolerate the kind of incursions into cyber space affecting u. S. Businesses and we will see what the response from the North Koreans is to this. But john heres the thing. North korea is already one of the most impoverished and isolated countries. Number one with theres not a lot of sanction. Number two, it feels like wherever there are sanctions on north korea, it only hurts the people who are already starving. It doesnt really hurt the regime. Is that right . Sure but its an unavoidable problem. Like when the internet went d
A shocking split, Gwyneth Paltrow and chris martin call it quits. How theyre working together to maintain their family. If you had only joined us a few seconds before we were on air, that much. We say good morning, america, wednesday morning. We want to take a look at this. We all know its spring. Tell the map here in new england. Were going to show you a picture off the coast of cape cod. Oh, wow. A blizzard up there right now. Its like a movie scene with a bad rain. Thats all snow, my friend. Its the real deal. You heard it here. Ginger is going to have the latest. We begin with the search for the missing plane. Theyre now calling this the most incredible lead. 48 hours after the Prime Minister declared all 239 lost, planes race to this area. Were going to go to abcs david kerley. Good morning to you. Good morning, josh. Could this be the break the searchers are looking for. As the malaysians say this is the most credible lead so far. This shows 122 items, some as big as 75 feet long