There is all on very light futures. Oil stocks have been trading in nearly the same direction every day for the past month. Asia overnight. Were not being big moves. A fallout for that massive explosion in china continuing. Shanghai was up 0. 75 . We have some news to tell but. I cant believe this is real. Apple planning a big announcement in september. But the big question is whether we can expect more than an iphone in maces. The new speculation this time is about a car. I know weve talked about it before. But this is totally different now. The Guardian Newspaper reporting the company is building a selfdriving car. Its looking for locations to test it. The report says apple is further along than many suspected. If you read through the story, its real. Assuming the reporting is right, they talk about the location of where the offices are, the garages, all of the things that they tested and built out, the people that called on the record. Theres a guy on the record from one of these tr
For all of the dows implied decline, macys is no good either. Well get to all of that. Europe in the red this morning. Asia quiet overnight. And watch oil up four of five sessions following the best day in about two weeks. Our roadmap begins with four names down big this morning. Shares of macys falling hard after the companys Earnings Report this morning slashing guidance. Terry lundgren saying on the call we are not counting on the consumer to spend more ncht office depot and staples calling off merger after a judge blocked the deal. Both stocks taking a hit this morning. And disney shares falling after missing estimates for the first time in five years. A drop in espn ad sales and subscribers taking a toll on that quarter. Ncht first up, macys down in the premarket after the company missed on quarterly revenue and slashes their full year guidance. Retailers says Top Line Sales expected to remain below initial expectations. Macys Early Release Terry Lundgren saying we are seeing cont
0 rightful owners? a unique love triangle is the subject of a supreme court case that involves a cheating husband, the wife, the mistress and a chemical weapons treaty. we ll see you back here for the latest news in 30 minutes. but first, your money starts right now. captions by vitac www.vitac.com from 140 characters to tens of billions of dollars, twitter now a public company. what s that mean for you money? i m poppy harlow in today for christine romans. investors went crazy for twitter on the first day of trading, it opened at $45.10, more than a 70% premium to the offering price. it stayed in that range for much of the day closing just below 45 days a share when that closing bell rang at 4:00 p.m. that stock price put the company s value at just about $25 billion. $25 billion. let s talk about that. that s a hard number to grasp. i want to bring in matt mccall, the president of penn financial and rachel sklar, an avid twitter user. when i see that number, $25 billion val