Four trading sessions with yesterdays strong gains. Now the major u. S. Averages all turned positive for the week. The nasdaq now positive for the year. Check this out. The dow and nasdaq are now on pace for their best week in a month and a half. Stocks are now out of correction territory sitting less than 10 from record highs from mondays intraday low. The dow is now up 8 . If you had caught it at the bottom this would be a great week for you. The s p has risen nearly 7 . The nasdaq is 12 higher. We should give kudos to our friend that had those dates. He said this was the week. Remember he had the exact dates . You were out. I was probably out. I think i was out. I wasnt here. Assuming this holds up. We dont know. Like yesterday i was checking from time to time and i was in a place that i didnt have wifi. It was that fake out. Up 2. 5 and then all the way down to less than. 5 and then back up. Youre thinking i bought into this and now its going to go down and ends up going up 360. It
The dow and s p closing at record levels, the 32nd record close in 2017 for the dow, the first record close in more than a month. What is left to buy . Weve got some ideas we start with the breaking news, the biggest day for apple in the last ten years the expect unveiling its new iphones, lets get straight to josh lipton at apple headquarters reporter hi, melissa the new iphone finally getting revealed today, the iphone x ceo tim cook was on stage, he introduced the device right behind me here at the steve jobs theater in cupertino take a listen. We do have one more thing this is iphone x it is the biggest leap forward since the original iphone. Reporter among the new features, an edge to edge 5. 8 inch oled display. No more touch i. D. , instead facial recognition to unlock the device apple says that is more secure than touch i. D well wait and see whether consumers agree. New and improved camera system when you looked at surveys at what people were looking for, an improved camera wa
Carolina will vote against the next round of Hurricane Relief funds unless Congress Cuts spending to offset costs. It is unclear how many more members will agree but it could complicate the path for relief. Democrats immediately rejected the demand. The Islamic State has last one of its has lost one of its last stronghold in iraq. The fight against the terrorist group is now focused on a stretch of border with syria. Because honestly is desperately trying to hang on. Vladimir putin met with saudi arabias king salman. This is the first time that saudi leader has visited russia. Theyre working on an agreement to curb oil production. Global news 24 hours a day. Powered by more than 2,700 journalists and analysts in more than 120 countries. Crumpton, this is bloomberg. Julia live from bloomberg World Headquarters in new york, im julia chatterly. Scarlet i am scarlet fu. Joe and i am joe weisenthal. Is whatd you miss . The house adopting the budget resolution for 2018, but the unity may not
Title as the Worlds Largest retailer. The company is forecasting huge growth in its online sales. And it predicts it will happen in just a few years time. At its annual investor day, the big box retailer outlined plans to invest a lot of money in its retail operations, which pitted the company against amazon in the race for shopper dollars. That sent shares up 4. 5 in heavy volume to a twoyear high. Courtney reagan takes a look at walmarts big plans for the future. Reporter walmart is making a prediction you rarely hear in retail, 40 online sales growth in the u. S. Next year. Executives spoke to analysts in arkansas, explaining progress has been made to fix the fundamentals. There is still some runway to go. The crux of the walmarts plan uses its stores and Online Business together. The retailer says consumers that shop both in its stores and on its website spend twice as much as those who buy only instore. We have to ensure were doing everything we can to earn our customers business.
Its market cap now almost 900 billion. Josh, stocks trading at be a alltime high, all the way back to the ipo in 1980. Yeah, well, and deservedly so look at the size of this business look at breadth of everything that they do and how it all works together look at the Services Revenue look at the fact that the jesus phone is upon us, and people are waiting on line in every cosmopolitan city in america and soon to be the world you know, i think you have to give these guys their due, and i think big picture what we did on the show with ale is very important two weeks ago. You had those rumors start to surface from the quote, unquote asian suppliers. Every time they were about to release a new nope, we hear word that orders are not what people thought they were or there was some kind of technical glinchings sometimes both. We rightly dismiss that talk and rightly point it out that we did it with the 4, the 5, the 5 s and 6 and hopefully people didnt overreact to the headlines because right