Closes since july 26th this morning futures are ever so slightly lower dow is down by less than one point below the fair value the s p 500 futures down by 3 5 3 1 2 and nasdaq down by 8 the tenyear up to 12. 160 in terms of the dollar, dollar is down against the euro and yen. Looks like its at 1. 1972, dollar yen is at 110. 04. And if you wanted to check out crude oil prices, slightly higher yesterday wti closing at 48. 73 this morning up 50 cents a couple stories were watching, nordstroms founding family selecting Leonard Green and partners to help take it private. A formal bid could be submitted within the next few week shares are up about 10 in the premarket. Apple getting buzz today after unveiling the highly anticipated iphone x among the highlights, the phone doesnt have a home button it unlocks with facial Recognition Technology it has 2. 7 million pixel display. Thats the highest resolution ever for an iphone and it has an extra two hours of battery life and charges wirelessly
The classic sell on the news and its not selling all that much on the news. No, and i dont think any of us were calling for a big selloff. I just thought that going into the event, judge, if you could sell at the money calls which i did at 160, at 162 and 164 you would have a cushion do we get into the 150s, could, maybe even the low 150s but im not calling for a 5 , 10 selloff. Im saying its going to be a flat period while we wait for the first phones to make it to market last two days of the quarter really even as, you know, gene munster was calling for a bigger pullback and even some of the things that linked out aday ahead werent even factual so we should have put a caveat out in the first place. Every time they have launched a product theres been an overreaction of what the stock has done in the aftermath of the launch is wall street saying they dont think its a good phone or they are not innovating anymore, et cetera, and i actually got so sick of listening to that as somebody wh
The president and his team set to dine with the two top dems tonight. Power lun power lunch starts right now welcome, everybody, to power lunch. Im melissa lee. Stocks are trading in a very narrow range the s p did hit another intraday high the best performing sectors, tech and materials, the biggest drags. Check out some movers. Up 6 . Leading the s p 500. The Company Buying new York Health Insurer fidelis care for 2. 7 billion take a look at dolby labs. Apple tv will support dolby vision here is what else is happening. Democratic senator, mark warner, asking the federal trade commission to investigate equifax Data Security practices and Customer Security response following the recent attack. Target getting ready for the crucial season hiring about 100,000 seasonal workers. That is a big jump from last year viacoms mtv seeing its first summer ratings growth in six years. Brian . Charlie, thank you. We begin with apple and its big event 24 hours ago in cupertino. Apple announcing three
Our own tenyear back to 220 we begin with riding the record run on wall street futures point to moderately lower open plus, dinner and a deal or no deal conflicting reports on an immigration agreement after President Trump dines with Democratic Leaders schumer and pelosi. Equifax blaming vulnerable web data, down 30 in the past week after another recordsetting day for stocks, the dow is on track for best Weekly Performance as we have two more sessions together again. Were kind of running out of catalysts. I got up and said, lets check the research its like, wow, okay, i see theres a note out about Tenet Health Care and whether thats going to be able to get anybody to buy it. And then i see a couple of notes about a couple of obscure companies that are too small to talk about emerson having good orders im saying, wow, im going to have some of your granola. That, theres a little sell side maybe theres something on coors out of jeffries, a lot of microcorporate incremental news. What i wa
On its first day. And Biotech Company holozyme therapeutics surging today 18 now on new partnerships. The ceo of the company will join us exculusively to discuss whether more deals could be in the offing as well. Lets begin, though, with the day in washington. Ylon has more on todays Senate Finance Committee Hearings on tax reform eamon javers has the latest on President Trumps talks with democrats on daca and what exactly they talked about. Ylon, lets start with you, though bill, the chairman of the Senate Finance committee, orrin hatch, made absolutely clear today that the negotiations over tax reform are only just beginning. Part of the big six, gop leadership, as well as members of the Trump Administration who have been working together on a framework for tax reform but hatch said today anything they agree to is just a guideline, not a guarantee. Anyone with any experience with the Senate Finance committee knows were not anyones rubber stamp. For a bill particularly on something as