Apple news today. Company getting a big investment from Berkshire Hathaway, the Ride Sharing Service he just invested in there could be looking for a u. S. Ipo. Shares of yahoo up on quicken loans founder part of a Consortium Bidding for the company. Warren buffett says hell back it. Major m a deals, pfizer making a 4. 5 million purchase. But first, Berkshire Hathaway has revealed a new 9. 8 million stake in apple. Meanwhile, apple ceo tim cook visiting china in an effort to reinvigorate sales in that country. Hes expected to meet with chinese officials and is already met with the president of didi just days after apple announced that billion dollar investment in the ride hailing startup. Met with some other startup creators as well, posted waebo which has gone viral already. I think the story is the app store. 7 billion in business that regular Chinese People have done on the app store. Between that billion and billion last year and i think what thats about is to say you may think tha
Shares of nordstrom down about 15 in the premarket, penne yerkss taking a hit. Well break down whats really happening in the sector. Donald trump launching another attack on amazon and jeff bezos. Trump saying when it comes to taxes, amazon is, quote, getting away with murder. Apple ceo tim cook told cnbc hes very optimistic about china and putting his money where his mouth is in a big way. Well look at the Chinese Company apple just invested 1 billion in. But first up, Government Data shows retail sales up 1. 3, surge led by autos, gasoline and Online Retail. But theres more Department Store pain on the earnings front. Both penney and nordstrom tumbling. At least eight firms cutting their price targets on nordstrom, which misses by a large margin 26 versus 45. Revenue was light. Comps down 1. 7, but the lesson here is that even retailers of that income demographic are not immune. Everybody at the mall was out of position, no way to put it otherwise. If you think of the three drivers o
Our 10year near record low yields and oil closer to 46 than 47. Our road map begins with netflix under pressure in the premarket after an underperform initiation. Plus as you just heard, being added to comcast settop boxes. Well dig in on the stock down 15 this year. U. S. Oncology company medhivation it is now for sale perhaps to sanofi. The details on a potential deal of 11 billion. Gold hitting its highest level since march of 2014. Upgrading its expectations for the precious metal. Well talk to a Portfolio Manager how hes playing it. Stocks poised to open lower amid more concerns about brexit fallout and slowing Global Growth after three major indices snapped the foursession winning streak and gold at a twoyear high and as we said the pound trying to recover from that fresh 31year low at one point dipping below 128. Mike, youre watching the yields as you call them, which are collectively now larger than the banks. Yields and dividend paying stocks, exactly. If you look at the yield
Campaign laying off staffers, details on that coming up. A jetblue pilot arrested for allegedly flying drunk, he piloted two flights before being led away in handcuffs. Space x breaking a monopoly, elon musks company sibling an 83 Million Contract to launch a satellite. Make your uber drivers could cost you how much. Markets this morning, the bank of japan keeping policy unchanged. That was a disappointment, the federal bank wants to wait longer with negative Interest Rates. As result stocks tumbling. The nikkei average down, the surprise rippling into markets around the world. In europe we are seeing declined as well better than 1 , the cac quarante down 1. 3 . Broader averages, take a look, investors are waiting on the reading of gdp this morning, that will likely set the tone. Markets will open down 140 points on the Dow Jones Industrial average. With me this morning dagan mcdowell, Fox News Contributor george it is with us at Riverfront Investment Group chief Investment Officer and
Markets. Futures a little bit softer. 500 futures 16. In europe it was all about the banks. Syncing over 60 in the First Quarter. Switch up the board very quickly. The aussie dollar thats the headline thinking by 1. 4 . The rba surprises with a rate cut. Renewed dollar weakness. Bit. Me back just a little in a commodity market, very much risk down by 1. 2 1 . Some crude related earnings as well. Matt just going through halliburton, seeing the loss widen. Four cents. S was it reported firstquarter revenue of 4. 2 billion. Unchanged in the premarket. To 2. 4s really widened billion dollars from a loss of 643 million in the same quarter last year. Pfizer reported firstquarter earnings that blew away analyst expectations on stronger sales on products such as a Breast Cancer drug. Earnings of . 67 and we were looking for . 55. Raising its fullyear outlook. Earningssee aig mr. Expectations missed earnings expectations. Mylan up on generic drugs. Starwood also beating estimates in the premark