To leave and try to help you the best i can general paxton from texas. Thank you all for being here. Pretty remarkable day. I never thought id be standing in front of this many cameras in front of the u. S. Supreme court. Thank you for being here i want to thank my fellow ags. We have 50 attorneys generals from across the nation who are involved in this investigation that were leading from texas. I cant tell you much i appreciate their support and interest were witnessing the press concerns just beg conference just beginning with 30 or many state attorneys general are gathering. Lets get some insight from our tech panel and what to expect and the stocks impact. Stephanie miller is cofounder brett, im curious in terms of what youre expecting from this, if anything in terms of a policy implication. Its priced into the stock what is priced into the stock in your view . We look at the activity over the last year of the regulatory overhang and google is up 16 here today stocks barely budge
Money,. And with retail earning season about to kick off, we start off with potential to believe the death of the consumer has been greatly exaggerated. Bank of america upgrading the discretionary sector an overweight from an underweight, laying out a host of reasons growing hopes for a soft landing, no recession means more consumption, they say. Plus, consumers biggest debt burden, their mortgage, are in fixed low rates. So, not subject to moves and bond yields. Analysts highlighting rising real wages and earnings beats in the discretionary sector should this signal we are in for strong reports next week guy, maybe were just too worried about the consumer, everything is just fine in consumerland. I wake up for it, mel i know. I understand why theres reason for optimism without question u. S. Consumer will always spend if nothing bad is going on and i always view it through the lens of the stock market when theres an event in the stock market to the downside, thats when Consumer Behavi
Booming or will rising rates drop the hammer on the sector . Im tyler madison, in tonight for melissa lee, glad to be with you this is fast money, live from the naz sdaq market site we have a full table tonight last time i was here, nobody just one we knew you were going to be here we showed up. Thank you very much tim seymour is here, karen finerman, dan nathan, guy adami. Thank you for joining me thank you for letting me play at your table glad to have you. We start with a lateday breakdown in the markets stocks accelerating their selloff in the final half hour of trading all three major indexes down more than a percent on the day, closing near their lows. The dow snapping a threeday win streak, nasdaq, s p, now both lower in ei8 of the last 11 sessions and look at this the s p breaking below a key level of support today, closing below its 50day moving average. Something it hasnt done since late march and the tech titans also flashing some technical warning signs. Apple, microsoft, a
Last three years. An intriguing session in shanghai. The composite staging a huge comeback after a volatile trading session. Hong kong shares in the red. We have Ralph Acampora. European banks taking a hit as the future of greece and the euro zone hangs in the balance and well look at the true cost of a greek bailout. Meanwhile, gopro unveiled its smallest camera ever. The stock is not getting a lift on that news. Well hear what Ceo Nick Woodman has to say. You can carry all these things around. You put your phone up here too . No i dont. Crude oil in a tailspin. Jackie deangelis live at the nymex. Good afternoon. We saw oil shed 4. 40 to finish the session at 52. 53 selling pressure intensifying as we got towards the close. You mentioned demand. The situation in greece pushing us over the edge. Here in the United States gasoline demands falls off after the fourth of july weekend. You have the perfect storm to go lower today. We are also watching Nuclear Talks with iran. We know from s
Well over the next two hours. Welcome, everybody. Im Tyler Mathisen with brian and melissa here and michelle in havana. But we begin this hour with john fortt in cupertino. This phone here might look old. The iphone 5s. We expect Something Like it to be the star of todays event. Perhaps called the iphone se. Apple is expected to resurrect this four inch iphone form factor in a newer phone with upgraded internals, better camera on the back, and upgraded chip inside, perhaps the a9, recently been in other phones. Now, part of the question is how much this will cost. Rumor has it could cost as low as 450, comparing to 650 for the iphone 6s. The latest out the gate. That could be important if this is part of apples move to get deeper into Growth Markets like india and china, which have had the strongest growth from apple thus far. It is not just about the iphone. We also expect new watch bands for the apple watch. Now the new watch itself, but new bands and also the ipad expected to get an