While some investors like it when activists come in to shake up public companies, weve got someone who says theyre ruining corporate america. Hell make his case coming up. And the new years going to bring new business in california that would be legalized Recreational Marijuana what took them so long im surprised its taken california this long. You moving back no, i go visit family once in a while, though. Were going to introduce you to the First Company to be licensed to sell in california coming up. Lets get straight, though, to the confusion thats for sure. The confusion surrounding the tax bill as americans continue to line up to prepay their property taxes before the new rules kick in in the new year. The irs did release that memo late yesterday in an attempt to clarify who exactly can take advantage of the prepayment. But there are still plenty of questions. So we sent our guy, eric chemi, out, to look into this he joins us now from a hightax town in new yorks Westchester County
Impact that its products have on smartphone addiction in children cnbcs leslie picker has more on this story for us. Leslie hey, bill, thats right, its a twist on activist investing. Jana and california state teachers retirement system, sending a letter over the weekend to apples board pushing for changes there. In the letter, they say that apples ubiquity has created unintended negative consequences for children, particularly when it comes to their physical and mental health. They want apple to form a committee to study this issue and add more restrictions for younger users. Apple already provides tools that allow parents to restrict what their kids do on their phones, but jana and calsters believe there should be more thats done there. The letter was part of the firms announcement of their own social impact fund the plan is to raise money then use their activism knowhow to target Companies Like apple they they believe could do better when it comes to social issues now, investors and
Im seema mody in for sara eisen. Good morning. The big story that has everyone buzzing, alabamas dramatic overtile win ovove overtime win in georgia. More on that story coming up but congratulations to them. Commiserations to the losing side first, lets get back to the market picture we did have plenty of record highs intraday yesterday but not all record closes. The dow did close slightly lower for the day. The s p and the nasdaq were slightly higher. The nasdaq led the charge, up 0. 3 gains were slight but they were broad, 9 out of 11 s p sectors were higher. Utilities were the best performing of them and that highlights the boring fle ing n the outperformance tenyear treasury note for you, yields rose yesterday as they were towards the end of last week we have crossed 2. 5 the elusive barrier out of the 2. 4s 2. 5 bangon this morning the shorter end of the curve has been rising fast yields up which supported the dollar but the shorter end leading the charge higher. In asia, mostly p
Points overnight in asia, the nikkei hitting 26year highs during the trading session. Market ended up by over a half percentage point to 23,849 in europe this morning green arrows there the dax up is up by 0. 2 in france, the cac is up the ftse up over 0. 1 . Yesterday the yield on the treasury closing at 2. 48 . This morning the tenyear is yielding all the way up, almost 2. 496 stocks to watch today. Samsung is forecasting a 64 rise in Fourth Quarter profits on continued demand for memory chips but that guidance is below analyst estimates. The strong yuan and yearend bonuses hit results. Samsung will report detailed earnings at the end of the month. Shares of altice are higher after the Company Announced plans to spin off u. S. Operations the Telecom Provider will pay a 1. 5 billion Cash Dividend prior to separation and launch a 2 billion buyback of u. S. Shares after the spinoff. British American Tobacco says the new u. S. Tax rules will boost earnings by 6 in 2018 the changes will a
Needs to be revenue neutral, what the team is proposing. Money in politics all over, that is what varney and company does right now. It does beg the question, if there was what he perceived as undue influence, the oversight committee, could have talked it out of judiciary committee, the intel committee, devon nunez, the senate intel committee, could have gone public with it but documentation and how it was received, if it did indeed happen, that is where we need to figure out the facts. Charles congressman jason ch f chaffetz questioning the legitimacy of this memo. We have every angle covered including judge Andrew Napolitano, legal analyst steve cortez on the market potential impact here. And how it affects the trump agenda on capitol hill but we want to begin with the judge. Everyone is becoming a lawyer these days, legal scholar. 1828 usa, require james come to let someone know if he felt the president was trying to obstruct the investigation in any way. He had a legal requirement,