Strategies to put on a fullcourt press in the golden state. Will it all be enough to best bernie . Senator Bernie Sanders pushing ahead with his california dream just one week ahead of the primary. Our Political Panel on how sanders gains are causing hillary pain and what she needs to do now. On wall street its last day to sell in may and go away, but first on fox businessal januaries chief economic adviser mohamedal aryan. You will be the first to hear his latest bet on when the fed will hike Interest Rates and with whether you should stay in may. Plus, will the summers most anticipated video game rescue gamestop . The rise of uncharted four in a fox business exclusive. Were live with ceo paul raines on navigating uncharted territory. Were less than an hour to the closing bell. Got a little bit of red on the screen here, so lets start the countdown. Liz okay. Less than an hour of trading for the month of may left, and right now, yes, as we see, weve got some losses here, but even thou
Got some Consumer Spending numbers that did not meet estimates. All three major averages near the lows of the session. Amazon in point terms is one of the things that is keeping the s p 500 from falling more after the Company Reported a Record Net Income but the other card stacked against it. Sciences coming out. Apple declining having its worst week since june since 2014. In percentage terms, i want to look at the big tech losers in todays session. You have seagate coming out with numbers that missed estimates. With rivalsng along is numbers suffered from demand from apple iphones. Then we have the Energy Clients easy in todays session. Going into this running season, energy was predicted to be the biggest drag earnings wise and that is proving to be the case. Phillips 66 out with numbers that missed estimates and its pulling down many of the other refiners and is generally seen from the client and energy today. Red on thet of screen for the day. How about for the month . , lets start
Us down. Everything is cyclically oriented so it is a risk off tenor to the markets. It is there where amazon lives and not in information technology. The best and worst performers today in terms of index point contributions to the s p 500, we have amazon, on the upside of 9 after recording Record Net Income and part of the because of the strength of its web services division. Gileads hepatitis c drugs came in lower. Some of the best performers related to earnings, monster beverage being because of its relationship with cocacola. Resources raising its output forecast for the year. Downside. Seagate coming in with results below estimates and sky works as well suffering from waiting apple demand. It is one of the apple suppliers that has been hit as people have been buying fewer iphones. A lot of Energy Companies going into earnings season. That sector was supposed to be a big drag. Is beating estimates because this is how it works. Butyone beats estimates that is it. Here are the exampl
Gets 8. 3 billion buyout. Roach and intermun on the buyout . New alltime highs driven by the possibility of more stimulus in europe. Just a few points shy of s p 2000. First up, tax inversions in the spotlight, not talking about europe. Burger king in talks to buy canadian coffee and doughnut chain timms. Both Companies Say a combination would create the Third Largest Quick Service chain, a deal structured to shift burger kings base to canada, which has lower overall Corporate Tax than the United States but some thinking this morning is that taxes may not be the driving force on this one. Look, i think that theres always going to be anytime, its a hot button, especially walgreens not doing the alliance and president and treasure secretary saying weve got to stop these. This United States a deal that makes a lot of sense. Burger king challenged at breakfast, tim horton doing fath f fantastic. Burger kings last few numbers, doing okay, theyre not as bad as they used to but flattish comps
To fall. Interestingly, not putting much downward pressure on the stock market. Also, Commodity Futures Trading Commission head timothy mass 5 2k joins us after announcing the settlement with the banks. There are some smoking gun chat room messages you have to see on this story which has some wondering why the penalties announced were not greater. Well get into that and more with Timothy Massad coming up momentarily. Two earnings are out in an hour. Cisco and jcpenney. Well bring you the numbers that could move both stocks and overall market, second they hit the tape and the best analysis on the street that all starts right after the closing bell. At t is halting buildout of fiber optics in about 100 cities in what so far is the most apparent Chilling Effect of the president s call this week to clamp down and regulate the internet. This as reports say that the fcc chair may defy the president s call for Net Neutrality citing the agencys independence. This story is a lot of moving parts