Tell us volatility is back, but were not seeing it. This morning the vix is trading at 10. It marked the second time this year that the vix traded below 10. Overnight in asia, take a look and youll see the nikkei was up by 0. 7 . Hang seng was up by a third of a percent. The shanghai was down by a third of a percentage point. In europe, some of the early trading, things are relatively calm. Ftse up by a half percentage point. Modest gains for the cac and dax. Among the top stories, big news out of hollywood. The Writers Guild of america reaching a tentative agreement with the alliance of Motion Picture and Television Producers avoiding a Writers Strike. They reached an agreement just after midnight. The Writers Guild had threatened to strike today if an agreement was not in place. Infosys making a big bet on america. The Company Announcing it will create 10,000 jobs here in the United States of the next two years. Those jobs will focus on the cloud, Artificial Intelligence and big data
And more. The nasdaq rally rolls on buoyed by apple which reports tonight and united ceo set to testify on capitol hill this morning. What is at stake for the carrier and the industry . First up the president s comments about considering breaking up the big banks, created a lot of buzz yesterday on wall street. Jim, the point was made he doesnt often talk about the big banks, talks a lot about community lending, but that did give the markets a bit of a scare. Was it deserved . I think that the president when hes in front of particular audiences likes to say the things that the audiences want to hear. This audience does not like the big banks, feel like what happened during the Great Recession was far too much concentration in the hands of wells fargo in the hands of jpmorgan and bank of america, but remember, those were really at the behest of the government. They were trying to make sure that everybody was able to have a bank that worked and we didnt have a collapse. So to undo it whi
We will tell you what has him so bullish. We start off with the biggest stock in the world, apple reported earnings moments ago. The stock was falling after a revenue miss. We got full team coverage. Our joan e own josh lipton is at apple headquarters on a brandnew red iphone. We will check in with him later often. Josh, we kick it off first with you. Mel lit i lisa, lets start with the this iphone, they were down year over year, in an interview with ceo tim cook who cold me in part that demand looks better than those units suggest because he did take down that channel inventory that 1. 2 Million Units in a quarter. He said iphone fans may be deferring that upgrade because of what they think is coming. He told me, we have seeing a delay in purchasing behavior, we think is a consequence of the number of groomers and reports about future products. That is happening. However. If you look at the iphone outside of greater china, iphone units grew very nicely. We had more upgraders in the fi
Way, let alone a paying customer. As i mentioned, members of congress fly a lot so many of our constituents and those watching online, weve all been in a situation where we all just want to get to our seat, get in the air and get home as quickly as possible. But imagine almost seven hours into a long flight and you get physically ripped out of a seat you paid for and thrown off the plane and get your teeth knocked out or getting your infant child on the site and yanks a stroller out of the way and nearly hits your baby. These are recent examples of serious disturbing Customer Service breakdowns. I expect well hear more examples when the members of this committee get their opportunities to question the witnesses. There will be tough questions today and make no mistake about it you owe the public and this committee answers. Hundreds of millions of people fly in this country every year and 2 Million People will fly today or something close to 2 million and theyre tired of being treated in
Way, let alone a paying customer. As i mentioned, members of congress fly a lot so many of our constituents and those watching online, weve all been in a situation where we all just want to get to our seat, get in the air and get home as quickly as possible. But imagine almost seven hours into a long flight and you get physically ripped out of a seat you paid for and thrown off the plane and get your teeth knocked out or getting your infant child on the site and yanks a stroller out of the way and nearly hits your baby. These are recent examples of serious disturbing Customer Service breakdowns. I expect well hear more examples when the members of this committee get their opportunities to question the witnesses. There will be tough questions today and make no mistake about it you owe the public and this committee answers. Hundreds of millions of people fly in this country every year and 2 Million People will fly today or something close to 2 million and theyre tired of being treated in