Earlier like they were headed to brand new record highs. Not so now. We do have the Dow Jones Industrials down 143 points. Ciscos poor earnings is pushing that index down. S p down 11. Nasdaq just higher by 19 points. Not the same at all for apple. Apple hitting yet another new high as it closes in on the 2 trillion market cap. News breaking of its new plan for subscribers to bundle the apple joy so which Companies Might want to dive for cover . We are taking a deep dive into the apple barrel, online contactless auto sales winning the race during the pandemic. Why are investors hitting the sell button on the hottest used car deals in cyberspace . We will ask the vroom ceo because hes here. And musicians still resorting to zoom with no live concerts and broadway still closed. But that does not pay the bills. Enter the chairman and ceo of the Recording Academy. The man behind the grammys. What hes doing now to help artists with their strings cut by the pandemic. Its a fox business exclus
Day. Its been up closer to two thirds on 1 ago led by ai chip leaders brought, and nvidia, the ai winners and consumer and financial names celebrating the j Paul Press Conference yesterday. Potential soft laughing landing. Index will be higher still if not for the drag from apple. That takes us to our top take. Antitrust threat to apple, the real thing. How might you change the equation more broadly . It protects market leadership at our tech correspondent stephen apple shareholder are here to stop that. Lets turn to steve for the details of the case and, steve, its a broad one. Thats why we are seeing the reaction to shares that we are seeing today because, look, this covers just about everything apple makes. Talk about imessage, sera, apple tv plus, the advertising business on and on and on, they make a case, the deal date does that just about everything apple does is designed to keep people locked into the ecosystem and upgrading their iphones and hindering competition whether that
Momentum, court . We heard about a lot organized retail theft i was there as Law Enforcement broke up rings after rings steal from stores and resale online. We have some amazing video to show you but first a quick check on the markets here at about 2 00 as tyler said, the markets more or less shrugging off that cpi report that came in in line but still hot, i would say nasdaq composite leading the way again up by 1 s p 500 higher by . 9 shares of nvidia bouncing back strongly today yesterday we told you the stock had fallen 10 from the peak it had hit on friday morning. At 974 a share. So right now just a touch over 900. Meta also rebounding today, getting back much of the ground it lost yesterday when former President Donald Trump called it an enemy of the people lets bring in a friend of everyone, Michael Santoli now for more on todays Market Reaction to the cpi. No enemies. Hey tyler. Hey, mike. The core cpi was warmer than expected and the market had a little wobble on that. In gen
Decline. You can see we are looking at west texas intermediate trading for a 3. 48 83. 48. We will have the results in just a moment. General motors has unveiled its first all electric cadillac escalade. It is called the escalade i q. I caught up with the president of gm about the announcement. The current escalade, we sold over one million units. One out of every three of these suvs in this luxury segment is an escalade. We have an x successful brand and it is an on believable vehicle for General Motors but this is added business. We are going to be the first ones to bring it here with an iconic brand and this is in addition to the internal Combustion Engine escalade and you can see it in the next step of the deadlock the the design language of the escalade. The escalade standard of the world. Matt you already have the hummer, which is on the cutting edge of everything and early adopters who are waiting for a big electric vehicle, i assume went out and got that. Who is left to buy the
25 of the jobs in america and close to 25 of the nations gdp. Right now, they are feeling good about the economy. A brt survey came out which suggested the rating right now in terms of how they feel about the economy climbed 11 points to85. That is a little above the reading83. Feeling good about the capital sales. Those are up double digits from the last quarter. Plans for hires have particulared higher. They sent out a survey asking ceos and if they think Government Policies are undermining American Free enterprise. 75 of ceos think that. Of those who answered yes, 92 partly s92 cited over regulation. We will talk to the ceo as and what they would like to hear from the administration and what they feel is most important to growth policies in the United States. Thats what we are talking about with the ceos today. I can forecast whats coming. Some buyback stuff. They dont like those. Corporate ceo compensation stuff. A lot of different populous rhetoric coming out of it. What is weird