Largest cash bid on record. We have both ceos joining us live in just a few moments. Our road map, return of volatility. What investors like carl icahn said how to navigate this market at yesterdays delivering alpha. Wells fargos ceo telling jim cramer he will not resign over abuse of account activations. Apples new operating system out and update getting mixed reviews. Also, tim cook out defending the new iphone 7. The stock saw a nice boost yesterday despite some big losses in most of the market. What will today bring . But first up, futures moving higher after three straight sessions of triple digit swings amid some falling oil prices, concerns about a potential fed rate hike despite tuesdays selloff apple was in fact the bright spot up 2. 4 for the best day since july. But then late yesterday at delivering alpha carl icahn offered that blunt assessment of this market environment. I think there are tremendous risks. But i think anyone thats going to tell you its going to go down tom
Now becky quick. If you want to know what bill clinton thinks about the state of the world all you have to do is ask. Thats what we did. We spoke about politics, Hillary Clintons run for the white house and americas economy. That is our cover story this week. If you look at how the American Economy is doing compared to most other big economies in the urlworld inclug developing economies including the bric we are doing quite well. We have more than regained the jobs lost in the recession. It was a big crash and usually those things take a decade to get over. So we got jobs back more quickly sflmpt kw can we go back to the Federal Reserve. They decided not to raise Interest Rates and cited a couple of factors that arent in the dual mandate, china and the stronger dollar. Were they right to look at additional conditions . I think so. I think that in a world where america looks like a good news story compared to the current problems in china and the slow growth in russia and the uncertaint
First though, that big hacking news. A News Conference set to get under way any moment now. We have the details from d. C. Earlier today u. S. Authorities unsealed this massive 68page indictment alleging a global hacking scheme against j. P. Morgan, wall street journal and a host of other companies and institutions in the United States. This scheme, according to the indictment, involves hacking attempts against major financial companies, attempts to manipulate individual stock prices and also a whole host of other alleged criminal activities including running illegal internet casinos and illegal distribution of pharmaceuticals. A big Coin Exchange and a host of other activities around the world. The three men indicted here are jerry shalom, jash what samuel aaron and israel, United States and russia. You dive into this, what you see is a picture of a vast global hacking scheme that had pockets in all corners of the world including a server in egypt that was used to allegedly hack into
Capped a strong week within striking distance of alltime record closing high. Blue chip index up to 18,127. The nasdaq gained 34 points rising for 5 Straight Days to get third highest close ever at 5026. And s p 500 up nearly 19 to 2108. In a week of big triple digit swings dont fight the fed. Stocks got lot of help after the fed wednesday dropped the word patient from its Interest Rate prognosis but basically said it will be patient about raising them. The dow rose 2 for the week. The nasdaq outpacing the others with a 3 rise and the s p. So its steepest weekly advance. But focus squarely this week on nasdaq that closed above 5,000 for the second time this year and on a few occasions this week the index was up when the dow and the s p were down. So why the recent strength in the index . Bertha coombs has our repo. Reporter the nasdaq is now within reach of new alltime high. And this time around says j. P. Morgans kate moore, the tech heavy index is driven by profits more than hype. We
Futures are up 10 , consumer stap ems flattening out. And two of chinas richest men lost billions in just a few hours. Well tell you who they are and how they did it. But we start with a very rough trip for mcdonalds. Protesters have hit the street outside of the companys Shareholder Meeting. Theyre protesting low wages. Kate rodgers has been monitoring that meeting. The protests and the stock, which as we mentioned is trading down by about 0. 8 of a percent today. Kate. Well today was ceo Steve Easterbrooks first Shareholder Meeting in oakbrook illinois where he acknowledged mcdonalds challenges and touted his turnarounds. The biggest takeaway was a clear win for shareholders. One of the measures passed was a proxy access by law. Those who have held 3 of mcdonalds stock for three years to propose director candidates on proxy materials. This was a shareholder proposal that mcdonalds did not want to pass but it passed with 61 of shares voted. This is a way to make the board more account