A number of questions because we get many many concerns when it comes to apple pay for peer competition reasons people see it it becomes increasingly difficult to compete in the market for easy payments last year best to told reuters she would be open to investigating the tech giants Payment Service if someone lodged a formal complaint now joining us now to discuss this and other regulatory concerns mispresent are brought up in lisbon is International Regulatory attorney miles edwards miles great thanks for being here for us thank you now miles what are the regulatory concerns that were seeing specifically around apple pay with the e. U. She didnt mention the specific issues besides a little bit at a competitive nature. Sure so these are issues that were brought up originally by the Danish Consumer Council and primarily there and i trust issues so pais platform in europe is you know only a platform that has the capability of what they call an f c which is the capability to do instore p
Make their way into stores. Nordstrom opening up a monster Flagship Store in new york city. Well take you there. That and so much more on making money. Charles Vice President mike pence remaining defiant in the face of china, doubling down on his harsh criticisms from a year ago. His message was clear today. America is not standing down. Edward lawrence joins us live with what the Vice President had to say, edward . Reporter charles, Vice President mike pence took a hardline on china with some issues, but toned down part of the speech in the past 24 hours about the Economic Future of u. S. China relations. Vice president blasted china for creating one of the Worlds Largest surveillance states. He says china is starting to export that technology around the world to some countries that may not use it for good. Mr. Pence saying the u. S. Is watching what happens with hong kong. Saying china should show restraint or it may affect the trade talks. Hong kong is a living example of what can h
Its back to 32 a share. Down 6. 58. Overall, the markets holding pretty steady as the profit reports roll in. In fact, id say stock prices are real solid and some of the profit reports, thats keeping the market at very high levels. No big pullback at this point. The dow industrials will open up about 40 this morning, s p up 6. By the way, the s p is only 22 points away from the alltime high. Whats that, just one big rally . The nasdaq, look at it go, up a half percentage point premarket. Big deal. Now let me lay out what we have for you. An important speech from Vice President pence on china. He may take a hard line. That could affect the market. And here comes amazon, perhaps the most important Earnings Report of them all. How strong is Consumer Online buying . Very important and we are going to find out today. Of course, we are going to watch apple hit new highs and unless something dramatic happens, we are hardly even going to mention impeachment. Here we go. Varney company is about
Travelers. Biogen, set to seek Regulatory Approval for a treatment for alzheimers for early next year. U. P. S. Shares sinking ahead of the open, despite a pretty nice ecommerce boost to profit. The ceo will join us later this hour. The ceo of verizon as well will be here at post nine in a few minutes. An interesting announcement, another guest as well, but i guess it is a mystery. Well wait to solve it in a few minutes. Lets start with earnings, dive right in. Tale two of dow components, p g up, quarterly beat helped by Strong Demand by premium Beauty Brands and mcdonalds falling on an earnings miss as growth on us comps came in below forecast u. S. Mcdonalds 4. 8, looking for 5. 2. Jpmorgan told us the quarter would run light. Im glad you messengered that a lot of people are saying this is a big surprise, a negative surprise if you listen to what jpmorgan said, you would have been ready for exactly this number, which basically to me says not as bad as feared. 5. 9 , thats a number th
Pun unfortunately intended. Yes. And bitcoins record and retreat. Targets big pop, and generative a. I. To the insurance business. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, dan nathan, guy adami, and julie beal. Apple dropping 2. 8 today. They are down 14 from the record high hitless less than months ago. They have lost 450 billion in market cap. The latest catalyst weighing in on the stock, a report that found iphone sales in china plunged 24 in the first six weeks of the year. Market share in the companys thirdbiggest market also falling. And apples weakness today did seem to filter into the broader market. The nasdaq closing just above the 16,000 mark. The s p and dow also down more than a percent. So, was this is the break in the market euphoria that some of the desk had been waiting for, before you answer that, i want to point out that nvidia and supermicro finished higher today. Positive. Extraordinary. So, whats the deal her