If brian were here, hed know that song i do not im Tyler Mathisen major averages in the green in this next, really, three hours left on this final trading day of the quarter and of the first half of the year the dow getting a boost from nikes rally on the backof its earnings beat out last evening check out whats moving right now. The dow industrials up a little bit. As you look at humana, Becton Dickinson all hitting new 52week highs. Its also the last trading day of the first half. Investors, so far this year, have seen some solid gains bob fisani is on the nyse floor. D dominic chu. Thanks, tyler take a look at the sectors here. The key point is were continuing to see mild resistance in technology for example, semiconductors are lagging a bit. Biotech, which is another Market Leader lagging a bit a lot of talk about this rotation going on. Look at the leaders in june. The big leaders have been tech, particularly Semiconductor Stocks utilities have done well as Interest Rates have sta
Nearly 3 hitting 48 a barrel again, first time in two weeks. Well debate whether you should buy oil stocks on this crude comeback. Justice department announcing plans to end the use of private prisons and shares of the two largest private prison operators just getting crushed today on the news understandably. We have the latest details on that story and whether that industry can survive. I mean, the shares down almost 40 . Theyre losing almost half their market value on news just out this afternoon. Exactly. Tesla model s in flames in the test drive in france. Nobody was hurt. Pretty amazing images there. But the news is raising a new round of questions about the cars safety. Well tell you what tesla is saying and impacting the stock. Starting with walmarts earnings. An eye opening beat. Courtney reagan, wow quarter for the Worlds Largest retailer. Yes . Yes. Investors werent sure what to expect from the Worlds Largest retailer and walmart did beat on earnings. Walmarts revenues beat,
Good morning, everyone, im scott mcgrew. I saw a billboard recently that absolutely stopped me cold because its message was so spot on. Here it is San Francisco, meet your minimum wage replacement, an ipad. Hello, may i take your order, it says. It was placed there by a think tank that opposed the citys move to raise the minimum wage to 15 an hour. Though thats exactly what the city did. And i tracked down the fella behind that billboard. Hes Michael Saltsman of the employeement Institute Based in washington, d. C. And funded by big business. Now, i suspect michael and i disagree on a whole host of opinions, but not on this because this is not opinion, its fact. The fact is technology is quickly replacing workers. Not just in factories. We knew that but especially in entrylevel, lowskilled jobs. There are no toll takers on the Golden Gate Bridge theyve been replaced by fast track. Grocery store Self Checkout nothing new, and restaurants like chiles now take orders via tablet. Mcdonalds
Hasnt been apple or intel or microsoft. Maybe cisco is the one to take us to new highs. The leader today which was positive, amazon, comcast, our parent 100 now and facebook, so, you know, its the new technologies that are leading the way here. Facebook had a nice turnaround after they came out and said they sold apple and buying this one. A big move late in the day but the nasdaq has been positive all day and think that could be the new leader to take us to new highs. Going well off the lows of the day, the dow down 38 points, the s p and nasdaq positive. Stand by for the very important cisco earnings on the second hour of the closing well with maria. See you tomorrow. And it is 4 00 on wall street. Do you know where your money is . Hi, everybody, welcome to the closing bell. Im Maria Bartiromo on the floor of the new york stock exchange. A mixed day for the market. The dow failing to hold on to 14,000 level with the decline of 36 points off the worst levels, even there, as you can se
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