Years later. What actually progress has been made . David first lets get back to the markets, the dow ending down 30 point with exxon and chevron the biggest losers. Scott shellady is watching moves of oil an gasoline from the cme. Lori rothman from the floor of the new york stock exchange. Lori, were expecting shake shacks Second Quarter report. What do we have besides that . Reporter lets look at the restaurant stocks, david, with wendys, the fastfood chain, reporting this morning before the bell, what a tough day for this group. Economists have been saying for a while were seeing a restaurant recession as folks change their eating habits there. Theyre cooking at home more. Not in my household but they are cooking, looking for healthier options. That is really been a drag for the entire restaurant sector. Shares of wendys were down as a result of its Earnings Report where the fastfood chain lowered the Sales Outlook by 1 for the duration of the year. Shake shack, were expecting numbe
Back into positive territory captivated by donald trump. Yes, they were. Just a correlation. Yes, they were. The Energy Sector is leading the comeback outperforming the Broader Market after Oil Prices Rally from losses and settled nearly 35 a barrel and theres the Energy Sector up 1. 3 on the day. Technology and health care, the two minus signs in that tally today. Not all good news in the Energy Sector. Natural gas prices plunging to the lowest levels in 17 years, despite a larger than expected decline in supplies. Coming up, well look at the fallout that could have for the pipeline operators. Plus, republican frontrunner donald trump fighting back against mitt romney. Well have the latest in the war on words and which stocks could feel the pain and gain from a trump president. A remarkable day in the world of politics. Lets start with the fallout from the continuing slide in the energy patch. Morgan brennan looks at the bankruptcy pressures on pipeline operators. Thats right. Dozens
Itunes app store has malware affecting apps developed in china, could other parts of the program be at risk . We have a top security expert. What are those of us with ipads and iphones supposed to do with b. It . Plus new data on existing home sales falling more than expected and now Jpmorgan Chase is making a move that could put another damper on home sales. That story is also just ahead here. Lets start with biotechs getting slammed. Those stocks down as you saw there after that New York Times article on Specialty Drug price gouging during pharmaceuticals was pro filed in that piece after it raised the price of one drug from 13. 50 to 750 per dosage. Now, the ceo was on last hour, you told me go terrell that he would not be changing that price tag. We definitely planned on raising the price, thats for sure. We paid a very, very large amount to buy an unprofitable medicine. We cant continue to make to lose money on the drug at that price. So we took it to a price where we can make a c
Is that why democrats stand to lose ground if the polls are believed to be . We have more on what the survey says of blackrocks rob capito joining us. Dont look now but the s p is close to posting doubledigit ganl this is year. What about hedge funds and actively managed mutual funds . The way a lot of folks are invested in this market. The news isnt so good for them. Well take a closer watch. Tim cook promising the apple watch and maybe not now until springtime. I thought it was now, as a matter of fact. Whats delaying the apple watch or was the spring that cook mentioned early next year . Well try to sort it out. Josh lipton is doing digging. We have a report on that coming up in a little bit here. Entering the final hour of trade, the Dow Jones Industrial average off 20. The s p just barely negative at 2017 and the nasdaq adding 5 points and still the outperformer. Talk about it all in the Closing Bell Exchange today. Sam stovell with us, jake raddic, Quincy Crosby and our own rick
Weve got an allstar team lined up to get you the numbers, and more importantly, what they mean for stocks in the broader market. Stay tuned in about an hour when the action heats up. An impact on tomorrow, without a doubt. You know the saying buy the rumor, sell the news . When it comes to bill ackman and his reported takedown of herbalife today, it was more like sell the rumor and buy the news. I mean, big time. His presentation didnt tank the stock, as expected, it did just the opposite. Herbalife is surging right now by 18 . Why does the market think that hes so wrong about this company . Were going to take a closer look at that. Its an intriguing story. It is. Now, lets look at where we stand in the markets. The s p 500 at 1,982 is currently three points away from trading at an alltime closing high. Now, the Dow Jones Industrial average not far behind. Its at 17,110. Its High Water Mark is 17,138 for the close, 17,151 for the intraday high. And finally, the nasdaq doing reasonably