good morning, david bosa is with us for the hour, as we wrap up august today, a historic month of equities. a lot of fed speak, earnings from high profile players like adobe and zoom the dow with a little weakness down the nasdaq and the s&p saw record highs of course we have stock splits to talk about. apple is now official. josh leadershipton going to start us off on that hey, josh. carl, the point of a stock political is simple. you try to attract those inve investors that night have been discouraged by a high share price. the fundamental reason is always the same, he says. we want to make sure that the stock is accessible to a broader range of investors this will be apple s fifth stock split here so how is apple performing around these prior stock splits? historically they say that apple has outperformed the parks in a three-month split break. apple shares have also out performed. this comes as apple as skyrocketed higher the share up more than 70% this year now on it
Since after election day. Our road map begins with the big jobs number. The monthly job report come in under expectations. What now . And the u. S. Launches an air strike on syria. Trump and chinese president xi continue to meet at maralago. Well take you live there for the latest. Weighing in on the payroll number, retailers were a big part of this slashing 30,000 jobs last month in addition to the month before. Construction adding the fewest jobs in seven months. We did see an increase in average hourly earnings, jim, but its the worst two months for retail since december of 09. We can figure out why. Yeah. This is what you call a secular trend. This is not something thats going to come back. I think that what you had was that you had a weak you had a weak Holiday Season for bricks and mortar. It got weaker. Jpmorgan they do incredible analysis of the mall and its down double digit traffic. You cant sustain your stores in bad malls anymore. And all of the retailers in the malls are k
Heading eas plaza today, wednes april 27th, to w matt lauer and savannah guthrie, live from studio 1a in rockefeller plaza. Good morning. Welcome to today on a wednesday morning. Big crowd out on the plaza. The countdown is on in rio. The first south American City to host an Olympic Games. Theyre playing the song. Rio is bound to be spectacular. There have been challenges. Well talk about them when we check in with bob costas te in brazil. L por the games. Well also talk about the personal obstacles hes had to face recently, including battles with his longtime coach and drun k driving. Well also introduce you to other olympic hopefuls. Well have a performance on the plaza from the band perry. Big night for the front runners in the president ial race. Donald trump completed a fivestate sweep. In his victory speech, he declared himself the republicans presumptive nominee. With the lions share of the delegates last night, trump is more than 3 4 of the way to the 1,237 needed to avoid a co
Setting up for pretty nasty open. At least if youre long at this point. Look at the tenyear. Thats become an important oh, its always important but its become perhaps important again to whats going on in terms of trading and the view of the overall equity markets rising to twoyear highs after weekly jobless claims fell to levels not seen since october of 07. Yes that is a good thing. In fact, you could argue thats even a good thing, too. Lets get to the road map. It starts with the major indices in the red. Investors wondering whether we were in taper territory as two dow components red on the market. One is walmart. Shares rolling back today after the retail giant cuts the fullyear forecast citing tightened Consumer Spending and payroll tax increase. Another dow component deep in the red today as well is going to be cisco. Company cutting 4,000 jobs despite an increase in profits that is sending the stock down sharply in premarket trading. And organic food maker annie is up 40 out per