Michelle carusocabrera. Stocks are lower but steady. The dow managed to hit record intra day highs earlier columbus day is today. J. G. E. , the worst annual performance in years what investors should do with this the big announcement tesla is down 2 after they said they are derailing the announcement of the new semi truck until December Tyler mathisen is here here is what is happening now. General motors taking a bigger step towards selfdriving cars, buying a sensortech firm called strobe no price tab mentioned marvel drops a planned venture with northrop drum mondmonds. This comes after they attacked the company for potential ties with the defense contractor. Apple looking into why some of its iphone 8 batteries are swelling maybe they need antiinflammatoriries. Brian . Tyler, thank you very much greetings from the janus advisory conference. We have had low Interest Rates for a better part of a decade. A lot of people may have never invested rates are expected to go higher. How do yo
The cooling will continue. Low clouds are having resistance because of a northerly breeze for some to the north. That does not mean all locations but the airflow is northerly. More westerly as you head south. 40s for the temperatures. If youre clear you have very cool conditions. If you have cloud cover, its more mild. In the south, a lot of mid 50s. Slight north of petaluma and napa airport and northwest at davis. If you go further north you can find in northerly breeze. The systems are beginning to make their move but it will take a couple days for them to get here. Until then look for sunshine to the north and cloudy and mostly cloudy to the south. Temperatures today should bump up a few degrees. 50s, 60s and near 70. We do have traffic that is busy. On the him on the altamont pass, westbound 580 we have slow traffic as you drive on 205 and 580. Slow traffic approaching a crash on 580 near grant line road. Its on the shoulder but traffic is slow. We do have traffic from livermore to
Nike on a downgrade from jpmorgan after those layoffs yesterday. Apple getting serious on content hiring two big time executives from sony. Well go live to miami ahead of the president s expected announcement on cuba this afternoon. We are getting some breaking news on whole foods. Holy cow. I heard you gasp just now. This is such a game changer amazon to buy whole foods. You know yesterday was a day for kroger that was tough today will be an even tougher day. This is a game changer this is it this is what everybody thought could happen they will now dominate food within the next two years. Wow. Just yesterday we were reading a piece in texas monthly, john mackey, basically going after activists saying theyre not interested in the long term. More interested in the short term stock was halted i would say about four or five minutes ago for news pending but this this is wow. A day well remember for a long time. Yes, we will. I guess mackie had enough of them hes one tough hes a tough guy,
In its life as a Public Company at least and the biggest u. S. Grocer m a deal ever. And for the purposes of our hour, which normally focus on tech, a nice intersection between an old, Old School Business and a new one. Its amazing. Just from a headline perspective and news that affects people, i cant remember a deal this big i mean, maybe aoltime warner, but you cant eat time warner. Its really a way of bringing things together unlike so many people who are this deal is amazing, i see a number of challenges, potential problems with this deal not necessarily getting consummated, but actually making it work. The logistics operation that you need to run a whole foods is way different from one that you need to distribute using ecommerce if i want cheerios and gatorade, whole foods doesnt sell that so how do you blend the whole foods operation for say produce with the stuff that most people eat yeah, i mean, how do you do all that and be successful while still running whole foods in a way
Getting through as many as we can. Its a jampacked two hours. Why niles shorts amazon on the back of the deal, and former walmart ceo, bill simon, why walmart has more to worry about other than amazon. Bill miller, a bull on the stock, and talking to him about valeant, and alexander accosta reacting to President Trumps comments on cuban policy lets get to it we have details of the amazons deal to buy whole foods and what it means for rivals. Mike, this is a little bit of what it means because ramifications have many, many ripple effects, but the deal to buy whole foods makes it amazons biggest acquisition to date, and one thats royaling grocery and retail stocks. Amazon says it will maintain the whole foods brand with the ceo and cofounder somedaying at the helm, for now. The overlapping is high already, and the stores are are located close to many amazon distribution centers, which is an interesting point the partnership certainly arms whole foods with logistics and data expertise, an