After the bell. Well tell you what to expect and live analysis when the earnings are released. Meantime, the Republican National Convention Officially under way in cleveland right now. We are live on the ground there with the latest developments. Plus, mr. Trump senior trade adviser on why he believes free trade failed the United States. Remember this one . We have new developments in the story about a Hedge Fund Portfolio manager fired after throwing a big hamptons party. The Hedge Fund Manager is speaking out saying theres a lot more to the story and hell tell us what it is after the bell today. All right. Japans softbank buying uk based apple supplier arm holdings. David farber, david, has the story for us right now. I do. Thats right. Arm. I want to hear about the Hedge Fund Guy and ill wait for that. But as for this deal, of course, many people actually not expected it. They werent waiting for a deal of this type. Arm holdings, bill and kelly, not necessarily thought of as a conso
Amazon has three ceos now sort of. Two Division Leaders officially getting the ceo title. They give you the promotions but never the raise. Could that create leadership issues for jeff besos. I understand they both got prime memberships as part of the perkz. Twitter is getting new Board Members today, moving on. There we are. But the stock is still sliding and well look at what other changes may need to be made to that social network. Sfl nhl commissioner will join us live along with the stanley cup, its here, to celebrate the start of the playoff season. The stanley cup, this will be the fourth or fifth time ive ever seen it. Arent you lucky . We get to see it on cnbc, we like it. Jackie is tracking all of the action for us at the nimex on this masters friday. Good afternoon to you. Dom chu says i have a masters tshirt waiting for me. At the close, about a 7 surge in prices, its sort of a tale of two surges, technicals and fundamentals. We had such a whacky kind of week. Some people c
Markets and futures rising ahead of todays fed decision. Cpi just out. As we said, the biggest drop for Consumer Prices in six years. Fedex is out with disappointing earnings. The stock is losing ground in the premarket. More leaked sony emails as the new York Premiere of the interview is canceled. Theaters cancel runs altogether. And an exclusive interview with the chairman and ceo of General Electric, jeffrey immelt, as General Electric wraps up its investor meeting from yesterday. All right. Futures pointing higher this morning. Oil prices falling. All ahead of the fed Statement Due out this afternoon as policymakers wrap up their twoday meeting. Joining us this morning, wells fargo Senior Adviser scott wren and eric la salle. Scott, how are you feeling . There was some general chatter yesterday that it felt a limit bottomish and hedge funds were beginning to come off the short Energy Trades and do a little more buying. What are you seeing where you are . I think, carl, it probably
Rallying and the 10year moving high owner the fact that the fed if anything worried about inflation and growth move, i mean, try to put it altogether and create a coherent narrative. I cant. Maybe the panel can. We have other news but first of all keep an eye on this level. 1962 was yesterdays high on the s p 500 index. Write that down. We took out yesterdays low on the open this morning. If we were to close above yesterdays high, technicians call ate key reversal day and would put a potentially bullish move for the markets. If we get a push higher here in the hour and see what apples doing because carl icahn put out now very sophisticated with the tweets. He is tweeting of what to tweet about. Well, thats true. Thats true. Almost like we have to watch his communication strategy as much as he tweeted out to send an open letter to tim cook, ceo tim cook, tomorrow. With all of the agitation at apple, the stock is up 50 in the time. Hes going to send an open letter to tim cook tomorrow an
Ecb president. He suggests the eurozone economy is likely to remain stagnant and the central bank stands ready to act. T speaking of Central Banks, here at home, the fed is launching a review of how it oversees the major banks. The review comes after a series of critical reports. The fed is asking its Inspector General to help with the probe. Andrew. Weve got stocks to watch this morning. A lot of stuff moving. Gamestop earnings and revenue falling well short of estimates. The company blaming the late relief to be assassins creed unity game and slowing Video Game Software sales. Joseph kernens family always usually havent been big on that. But i read through the Analyst Report trying to figure out what happened. And there was worry that it was in digital, but its older software. Also, believe it or not, the west coast port situation is part of the forecast. The kernen family has no, no. Its strange that the west coast Court Situation would affect things. And they also use games. Also,