The classic sell on the news and its not selling all that much on the news. No, and i dont think any of us were calling for a big selloff. I just thought that going into the event, judge, if you could sell at the money calls which i did at 160, at 162 and 164 you would have a cushion do we get into the 150s, could, maybe even the low 150s but im not calling for a 5 , 10 selloff. Im saying its going to be a flat period while we wait for the first phones to make it to market last two days of the quarter really even as, you know, gene munster was calling for a bigger pullback and even some of the things that linked out aday ahead werent even factual so we should have put a caveat out in the first place. Every time they have launched a product theres been an overreaction of what the stock has done in the aftermath of the launch is wall street saying they dont think its a good phone or they are not innovating anymore, et cetera, and i actually got so sick of listening to that as somebody wh
Washington journal continues. Host your chance to comment on news that weve discussed this morning. Ther things, 2027488000 for democrats. 2027488001 for republicans. For 027488002 independents. He u. S. A. Today this morning talks about a new action by the Consumer Financial protection rogram when it comes to banks saying consumer consist sue bank necessary classaction lawsuits. Financial said monday companies will no longer be allowed to force customers to settle group n to disputes restricting the industrys favorite legal tool years of review. Companies insert clause ecessary contracts to prevent consumers from banning together to file classaction lawsuits scams and seek revenue own, sue on their discouraging many lawsuits from consumers who deem them not time, money and effort. More about that in u. S. A. Today, if you want to that or other things n. Miami, florida, independent line, here is john. Morning. Od caller good morning, pedro. I love cspan. Guy dos for what you for us eve
Good morning, everyone want to kick things off with a bit of data in the form of the eu pmi numbers the german manufacturing number posting more solid growth in july the french number showing another sixyear high. And once again were still waiting for the pmi numbers. We will bring those to you as soon as we get them. Let me double check whether theyre out. Not for the time being but well bring them to you as we get them. When it comes to european markets, we are broadly higher xetra dax up by 0. 2 ftse 100 is up by three quarts over a percent thats very much driven by the oil and gas story. Thats one of the best performers sectorwise lets flip over to the sectors here you go. Oil and gas is very much outperforming. This is on the back of Higher Oil Prices this morning, but also the profit beat coming from bp lets talk about that. Higher oil prices and deep every cost cuts have helped bp to a Second Quarter profit beat the british oil giant reported a 10 rise in production that would t
Numbers. Abigail looking at mixed trading for the major averages headed into the close, down ever so slightly, held back by energy. We do have the nasdaq trading modestly higher, helped by Technology Strength and carving out new record highs on the day. Not a lot of conviction, but one thing that all three major averages have in common is apple, the biggest point used for each of the major averages. Today, great fun fact, this is the precise tenure in 10 Year Anniversary of the introduction of the iphone. It was generally ninth, 2007 when steve jobs said, when he unveiled the iphone that today apple is going to reinvent the phone. I have to believe that he knew he was leading the way for the smart phone. On the bloomberg we have a look tothe great chart here, 20 44 here, going back 10 years. Tohave total revenue back 2007. You cant even see it from your view. Iphone atwe saw the more than 50 of total revenue. But it has been at huge blockbuster for apple, changing the path of technolog
Julie hyman is here with the latest. Julie hitting records for the dow and the s p 500. , thea bit of Economic Data job openings a little bit of a dated number, or december and it fell to 5. 5. Decline in those jobs openings, but the november number was revised lower, and the december number was a little bit lighter than had been estimated, so a bit more color on the job market in the u. S. As the fed says we are approaching full employment. Small. Ements are fairly our trip to these records has been quite incremental. Stats, it some of the has been 61 days since the last 1 move up or down, and the s p 500. 62 days was the longest in this current market. Sinceys was the longest 1945. If we extend into tomorrow, that will match the longest streak in the current bull market. As we talk about the day after day, this drumbeat of low volatility, this is what this is indicative of. In terms of todays session, one of the bigger moves we are seeing is in general motors. I want to show the move