Low. Shake shack and tesla both getting slapped with downgrades. Star bucks raising prices but coffee addicts keep chucking. Well talk about why. First up it is the sign of a resilient u. S. Stock market. Eurozone officials are meeting today pushing for new reform proposes from the greek Prime Minister. Banks and stock markets remain closed. Pictures of people waiting outside the banks. Pensioners trying to withdraw some money. There is a sense, has tsipras built Political Capital post referendum in. I think that merkel is making a stand. Theres really good articles today about how merkel has emerged as being pretty much a dictator. And the wall street journal writing a story this morning about germanys rise in power over the last eight years. Its going to make it so it doesnt look good for tsipras. This dollar being strong earnings season starts tomorrow carl. Cut numbers, cut numbers, youre going to have to cut number for every international company. This is im very uncomfortable wit
Active investing wont take a backseat to passive investing. Hell tell us why. Netflix shares up nearly 2 today. Lets start with apples runup today. Bertha coombs keeping an eye on the rally. Bertha . Its the first time we can say apple has been up three days in a row and up sharply on really strong volume, which suggests that people are buying here with conviction, first time in an awful long time. Todays move putting apple at one of the highs of the year. Right now it looks like maybe the highest going back almost to january. Certainly a sixmonth high. And also it puts apples market cap back above 600 billion after having lagged throughout the year with those really low expectations for iphone 7, those positive comments coming out notwithstanding the controversy over getting rid of the headphone jack really helping to move the stock. Right now its outperforming the overall market even when you start looking year to date. Thats been the first time we can say that for apple in an awful
Paytv providers that has resulted in gains being blacked out for millions. The fcc chairman and a dozen members of congress are getting involved, urging an end to the standoff. A federal judge rules against microsoft in an email privacy case. The judge ruled microsoft must turn over emails sent stored in ireland to investigators. Microsoft says emails deserve the same kind of protection as letters sent in the mail. As for the lead story, Alibaba Group is pouring millions of dollars into u. S. Tech companies as it prepares to go public later this year. The chinese ecommerce giant invested 120 million in a San Francisco company that makes mobile games. This is after bloomberg reported alibaba is considering investment in snapchat. Andrs include tango, lyft, for more we are joined by dan rosensweig, ceo of Online Education site chegg. He was the yahoo chief operating officer from 2002 to 2007, the years ali baba formed a Strategic Partnership with yahoo also, cory johnson, who is in new y
The fcc chairman and a dozen members of congress are getting involved, urging an end to the standoff. A federal judge rules against microsoft in an email privacy case. The judge ruled microsoft must turn over emails stored in ireland to investigators. Microsoft says emails deserve the same kind of protection as letters sent in the mail. As for the lead story, Alibaba Group is pouring millions of dollars into u. S. Tech companies as it prepares to go public later this year. The chinese ecommerce giant invested 120 million in a San Francisco company that makes mobile games. This is after bloomberg reported alibaba is considering investment in snapchat. Others include tango, lyft, and for more we are joined by dan rosensweig, ceo of Online Education site chegg. He was the yahoo chief operating officer from 2002 to 2007, the years alibaba formed a Strategic Partnership with yahoo also, cory johnson, who is in new york this week. At large, yes. [laughter] dan, lets start with you. Lots of i
Too closely. A chilly and breezy morning this morning. A live look outside at the flags on top of the aramark building in center city. Its dry but again that wind is making it feel even chillier, and there is rain on the way. Lets find out when with Brittney Shipp. Good morning. As we head into the next couple of days, where he e are going t dry. A cold and windy day. It was warmer yesterday, which was nice to be in the 50s. The weekend will stay dry. The storm will stay to the south of us. Our current temperatures right now, big difference from yesterday. 39 degrees in millville. 38 in philadelphia. Mid 30s in pottstown. 38 in allentown. 39 in dover. Temperatures in Atlantic City at 40. Gusty wind speeds close to 30 miles an hour in Atlantic City. Breezy in allentown and gusting up to 21 in mount pocono. That will continue throughout today, we will see windy conditions and colder temperatures. This is how the day will break down. 40 and windy by noon. By 4 00 p. M. , 40 and then dropp