Deal reshaping the storied Investment Bank, Morgan Stanley Ceo James Gorman will join us in the next hour. A mega merger, increases the projection of expenses saved and the guidance which well get into, as well. Giving up control of victorias secret selling a 55 stake to siycamore and stepping down. Well start with the deal of the day. Morgan stanley agreeing to acquire etrade valued at 13 billion. 58. 74 a share three months after schwab and Td Ameritrade announced a merger deal a lot of discussion of why not robin hood an enwhat it means for the sort of the framing of their Wealth Management business, jim. It is kind of amazing about 5 million accounts, maybe more robin hood with 10 million accounts in no time they were land speed record for accounts their success is driving everything they have the millennials. They have a different orientation. They have the easiest site to use. All hand held. Theyre racking up customers i have had robin on a couple times. Theyre the biggest threat
This technological revolution is present all barriers, even potentially becoming the heart of our National Security apparatus. We could be like ostriches if our hands in the sand if we dont address it hereon that money. I think eventually it could be the key to making the biggest amount of money over the next half decade that we can do, not just the next week, or next month, or quarter, as the professional bubble bursters and all their negativity keep cleaning, and they are all rallying, it drives me crazy. So on a day when the averages regrouped after a couple of days of pain, the dell up 86, 5. 1 , nasdaq up, why dont we just spell out the stakes here . So you know what im really thinking . First one of the few tech stocks has been able to hold his head up this week because it has the cards, the graphics processing units or gpu cards. Each and video semirun much faster than any other with the sole exception of amd, which is their real competitor. The next generation will far exceed w
Stocks shift through levels and get cut back give me a terrific opportunity to pounce at weakness. On the clearly not so hot day, with the dow lost 54 points, the s p declined 4 , nasdaq climbed 6. 4 i think it pays to be optimistic in and out pessimistic about the stocks of companies that deliver good numbers which is why you need to circle back wen they come down on weekdays like today. First, you need to know what the winners and losers look like so you can distinguish them lets talk about whats working and whats not the winning season of whats going to be ahead of an amazing week, its the stop companies that are suppose to support sub par earnings the makers of seagate stock sored into the stratosphere with with good reason after reported. It was supposed to disappoint, it was suppose to flash its forecast, thats why there are almost no buys on this stock seagate reported to hideous quarters in a row and deals in a highly kmodtized product distrust western ceo went to giving them a
48 was the intraday height that it hit. The closing high was 5,042 back in march. The apple watch watch continues with orders reported at over 1 million on day one. They sold out in a couple of hours online. I think it was 1 million watches. You said dollars. Did i say dollars . Its a mistake we make freely. What will be the real big seller for the bottom line . This would be the new mac book. Yes. Very thin starting at 1,300. Some think that this could be a major driver for apples profits. Thats what theyre really watching right now. 90 minutes from now, spacex is scheduled to launch a rocket from Cape Canaveral. They will attempt to reland the booster portion of the rocket the portion that normally explodes, goes away. Theyre going to try to land it on a ship in the atlantic ocean, so they can reuse it again. Elan musk wants to be reuse this to save money and so forth. Other thing is they have an italian astronaut, a woman on the International Space station thats gone all this time w
Lawrence lindsay saying we could see a bond market tantrum if janet yellen and the fed dont raise Interest Rates. A new Study Finds Companies may be buying back stock at a record pace. However, corporate insiders are not. Thats interesting. Coming up well discuss whether thats a sign that executives believe stocks are starting to become too expensive right now. Watching the insider trade. Heres what we see, right now with an hour to go the dow is up 16 points. Buffeted by earnings today. The s p adding about 4 points. Nasdaq up 19 bill as we continue to get the pulse of the u. S. Consumer today. Lets get to whats going on in the world today in the world of finance. Our Closing Bell Exchange with some of our favorite people Jack Bouroudjian, Keith Fitzgerald from moneymorning. Com. Susan fulton from fbb Capital Partners and our own Rick Santelli. Rick, ill start with you because the markets response is interesting, maybe instructive. After the minutes came out, nothing happened. And in